In the face of a 25% fall in the Baker Hughes/GE Rig Count, US Crude Production rises to 12.9mil BBL/Day. This speaks to the enormous strides the US energy industry has taken to reduce costs through prudent application of technology and adjustments to operating procedures. The broad trends of increasing exports of Refined Products(13% growth) and crude oil continue, while crude imports are gradually replaced by domestic production.
Todd Sullivan is a Massachusetts-based value investor and a General Partner in Rand Strategic Partners. He looks for investments he believes are selling for a discount to their intrinsic value given their current situation and future prospects. He holds them until that value is realized or the fundamentals change in a way that no longer support his thesis.
His blog features his various ideas and commentary and he updates readers on their progress in a timely fashion. His commentary has been seen in the online versions of the Wall St. Journal, New York Times, CNN Money, Business Week, Crain’s NY, Kiplingers and other publications. He has also appeared on Fox Business News & Fox News and is a RealMoney.com contributor. His commentary on Starbucks during 2008 was recently quoted by its Founder Howard Schultz in his recent book “Onward”. In 2011 he was asked to present an investment idea at Bill Ackman’s “Harbor Investment Conference”.
FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports that “Morgan Stanley (NYSE:MS) wealth management chief Greg Fleming has just concluded a seven-city tour of the firm’s brokerage offices... Read More
I have separated my long-running Investor section from Weighing the Week Ahead. My hope is to highlight ideas for the long-term investor. In my last investment post I applied... Read More
Saudi oil company Aramco may be getting all the headlines but, for the third consecutive week, oil prices measured by the West Texas Intermediate (WTI) benchmark price managed to... Read More
Hedge funds that performed positively during a rough third quarter of 2015 were relative value strategies and CTAs, posting slight gains, while equity and event driven strategies, positive in the... Read More
While much of America will be enjoying a traditional Thanksgiving weekend, a key meeting of OPEC oil producing countries will take place on November 27 in Vienna. But don’t... Read More
Add Federal Reserve Chairman Jerome Powell to the roster of deficit hawks. In a widely followed speech, he claimed that the country’s fiscal path is “unsustainable.” But Powell still... Read More
You might be a very good trader. More likely, you are not. The markets are not like Lake Wobegon where all the children are above average. Personally, I think... Read More
Wally Weitz: Dear Fellow Shareholders: Our stock funds enjoyed a good second quarter and an excellent first half of 2013. Both relative and absolute results were strong. The table below... Read More
FOX Business Network’s (FBN) Senior Correspondent Charlie Gasparino reports “that NASDAQ is discussing further acquisitions” with bankers. Gasparino went on to report, that “bankers are warning” officials that “if... Read More
The hoodie-clad world of Martin Shkreli, escorted to court in handcuffs yesterday, continues to fall apart today as he announced he was stepping down as CEO of Turing Pharmaceuticals... Read More
