Boiler Room: The Official Stock Market Discussion

[jaguar paw]

Alibaba stock

 

[GoPro]

Alibaba stock

I screwed that up. I was in there for 14Gs at 89pps. But got out at 92 during the "correction". Woulda made 4G already had i stayed. Stock might double in a couple months with all the good news floating.

Man my investment sense has been abysmal. This shyt ain't for every body.

 

[Futuristic Eskimo]

I screwed that up. I was in there for 14Gs at 89pps. But got out at 92 during the "correction". Woulda made 4G already had i stayed. Stock might double in a couple months with all the good news floating.

Man my investment sense has been abysmal. This shyt ain't for every body.

It doesnt sound like youre investing breh. It sounds like youre trading.

 

[GoPro]

It doesnt sound like youre investing breh. It sounds like youre trading.

I have about a 30:70 investment/trading ratio. Been winning on the trades, the investments have fukked me over for now but I'm still holding em.

 

[Futuristic Eskimo]

A Cleaner, Cheaper Way to Exploit Utah's Oil Sands
By Will Grant November 06, 2014

Photograph by Ben Nelms/Bloomberg

Oil sands in Alberta

$38
Cost per barrel for MCW

Next year a small Toronto-based energy company plans to begin selling oil made from what it’s calling “America’s first environmentally friendly oil sands project.” MCW Energy Group (MCW:CN) has built a processing plant in northeastern Utah, where about 32 million barrels of heavy crude are trapped in layers of sand and silt. MCW says it can extract that oil without creating the toxic wastelands that have resulted from oil sands projects in Western Canada. The key is a paint thinner-like solvent that MCW uses to separate the oil from crushed rock and sand. The extraction process uses no water. Rather than leaving behind massive tailing ponds filled with millions of gallons of toxic sludge, the sand will be delivered back to the site after it’s cleaned of about 99 percent of the oil.

$75
Cost per barrel in Alberta

It’s not just cleaner, MCW says, it’s also cheaper. Processing a barrel of oil will cost MCW about $38, compared with roughly $75 for oil from Alberta. Its plant can handle only about 250 barrels a day, but its small scale could be a model for oil sands projects around the world, especially as lower oil prices keep companies from making huge investments in traditional oil sands operations. On MCW’s heels is Calgary-based US Oil Sands (USO:CN), which will open a similar plant in Utah next year to produce about 2,000 barrels per day using its “citrus-based” solvent.



Some of these articles are more like notes. Guy wrote a couple paragraphs and said fukk it.​

 

[Futuristic Eskimo]

Going out on a limb, North Dakota oil titan scraps hedges

By Ernest Scheyder 18 hours ago

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  View photo
  
  The Continental Resources office building is seen in downtown Oklahoma City, Oklahoma September 22, …
  By Ernest Scheyder
  
  Related Stories
  1. Continental's Hamm Stares Down OPEC In Oil Price Standoff Forbes
  2. [$$] Drillers Cut Expansion Plans as Oil Prices Drop The Wall Street Journal
  3. Oil prices tumble on Saudi discount move Associated Press
  4. Oil swoons as oversupply fears extend losses Reuters
  5. [$$] Saudi Oil Price Cut Scrambles Market The Wall Street Journal
  WILLISTON N.D. (Reuters) - Harold Hamm, chief executive of Continental Resources Inc , stunned a bearish crude market by scrapping all of the North Dakota energy producer's oil hedges, betting that prices will recover soon after sinking 25 percent in recent months.
  
  With the move, Hamm, who last month called OPEC a "toothless tiger," appears to be heading into a price war with Saudi Arabia, the world's biggest oil exporter, without any protection from a prolonged downturn that some analysts say is looming.
  
  Saudi Arabia and 14 other OPEC members have shown no sign yet of moving to cut production, a step that would lift prices.
  
  The conventional wisdom is that the country, frustrated by a global supply glut caused by soaring United States output, is prepared to let prices fall to squeeze U.S. shale oil producers out of the market.
  
  But Hamm, striking a defiant tone, told investors Thursday the U.S. shale boom won't end any time soon.
  
  "We see OPEC worried about that and want to slow down what we're doing," he said.
  
  Indeed, North Dakota considers OPEC its "chief competitor," Lynn Helms, head of the state's Department of Mineral Resources, said last month.
  
  PREMATURE VICTORY
  
  The sale of all its crude oil hedge positions from October through 2016 netted Continental a $433 million one-time gain for the current quarter. With the move, Continental is effectively declaring a premature victory over OPEC.
  
  The company did not consult with credit-rating agencies before pulling contracts and board members are confident about the move, Hamm said.
  
  "We believe the recent pullback in oil prices will ultimately prove to be beneficial to Continental," he said, adding he believes prices will rebound to at least $85 per barrel in the near term.
  
  Since they traded at more than $115 a barrel in mid-June, benchmark Brent crude futures have plunged to levels not seen since October 2010, closing near $83 a barrel on Wednesday.
  
  Still, Hamm showed at least part of his hand, admitting he would return to hedging production if prices returned to $100 per barrel.
  
  "That would be nice in the next few years," he said.
  
  Many energy experts said that when prices began falling in June, companies should have been carrying more hedging contracts that locked in high prices and protected them from low ones.
  
  "It's pretty unusual for a company to monetize all of its hedges. The fact that they're going basically unhedged on oil suggests that they're going to take on a bit more risk," said Leo Mariani, an analyst at RBC Capital Markets.
  
  SHORT-TERM FLUKE?
  
  The rout in the price of oil has punished drillers like Continental, whose shares have plummeted more than 30 percent since June. Many analysts have forecast even lower crude prices.
  
  Hedging protects commodity producers from sharp price drops, though it can also limit profits if prices soar. By exiting the hedges, Hamm is effectively betting that the steep drop in oil prices is a short-term fluke that's bound to reverse course.
  
  To be sure, going "naked" without hedges is not unprecedented. Majors such as Chevron Corp and Exxon Mobil Corp do little hedging on their own production.
  
  And Continental did maintain its hedges on natural gas production, given the even-higher volatility in prices for that commodity.
  
  Philip K. Verleger, president of consultancy PKVerleger LLC and a one-time adviser to President Jimmy Carter, said Continental's decision on oil hedging may concern investors.
  
  "My expectation is that Continental's investors will rue this decision because it changes the firm's business," he said. "Hedging provides an assured cash flow. By dropping the hedges the firm is gambling that prices go up. If they go down, Continental will go bust."
  
  Shares of Continental were down more than 3 percent in afternoon trading on Thursday, a probable sign of Wall Street's displeasure with the move.
  
  SLOWER SPENDING
  
  Yet, in a bit of a strategic hedge, Hamm slashed Continental's 2015 capital spending budget by $600 million, saying he would not put more drilling rigs in the field while prices are low. Given that, Continental doesn't expect its production to jump as much as previously forecast next year.
  
  The company now expects a 2015 capital budget of $4.6 billion, down from a previous estimate of $5.2 billion.
  
  Continental, the largest producer in North Dakota's Bakken field, trimmed its estimate for output next year and now expects a 23-29 percent jump from 2014 levels. Hamm had previously forecast a 26-32 percent jump in 2015.
  
  The company runs 22 drilling rigs in North Dakota, a number that will drop to 19 next year due to various factors, executives said.
  
  Hamm, who founded the Oklahoma City-based company in 1967, is in the midst of a bitter divorce battle with his wife Sue Ann.
  
  Since Hamm owns about 68 percent of the company, the divorce settlement holds vast implications. During much of August and September, the CEO spent most days in court for his divorce trial, which may result in one of the largest divorce judgments in U.S. history.
  
  (Reporting By Ernest Scheyder in Williston, and Jonathan Leff and Jessica Resnick-Ault in New York; Writing by Terry Wade and Ernest Scheyder; Editing by Tom Hogue and Bernadette Baum)

This is ballsy as fukk.

 

[Ohene]

@Hiphoplives4eva you peep WFM this week? long time coming...shame I dont ahve any holdings

 

[Domingo Halliburton]

Analyst Research:
Upgrades

CA Technologies (CA) upgraded to Hold from Sell at Evercore ISI
Cavium (CAVM) upgraded to Strong Buy from Outperform at Raymond James
Charter (CHTR) upgraded to Outperform from Market Perform at Raymond James
Delhaize (DEG) upgraded to Neutral from Underperform at BofA/Merrill
Envestnet (ENV) upgraded to Strong Buy from Outperform at Raymond James
GNC Holdings (GNC) upgraded to Buy from Neutral at Goldman
Kinross Gold (KGC) upgraded to Buy from Neutral at UBS
Nationstar (NSM) upgraded to Market Perform from Underperform at Wells Fargo
PetSmart (PETM) upgraded to Hold from Sell at Deutsche Bank
Plains GP Holdings (PAGP) upgraded to Outperform from Neutral at Credit Suisse
Splunk (SPLK) upgraded to Buy from Hold at Evercore ISI
Sunoco Logistics (SXL) upgraded to Buy from Hold at Stifel
Sunoco Logistics (SXL) upgraded to Buy from Neutral at UBS
Walker & Dunlop (WD) upgraded to Outperform from Market Perform at Wells Fargo
XO Group (XOXO) upgraded to Buy from Neutral at B. Riley
Zynga (ZNGA) upgraded to Buy from Hold at Needham

Downgrades

AbbVie (ABBV) downgraded to Market Perform from Outperform at BMO Capital
Allscripts (MDRX) downgraded to Hold from Buy at Evercore ISI
BB&T (BBT) downgraded to Neutral from Buy at Citigroup
Barrick Gold (ABX) downgraded to Buy from Conviction Buy at Goldman
Boulder Brands (BDBD) downgraded to Neutral from Buy at Longbow
Bruker (BRKR) downgraded to Neutral from Buy at Cantor
Bruker (BRKR) downgraded to Neutral from Buy at Citigroup
Chesapeake Granite (CHKR) downgraded to Underperform at Raymond James
Edwards Lifesciences (EW) downgraded to Neutral from Buy at Sterne Agee
Financial Engines (FNGN) downgraded to Hold from Buy at Needham
HCI Group (HCI) downgraded to Market Perform from Outperform at JMP Securities
J.B. Hunt (JBHT) downgraded to Market Perform from Outperform at Raymond James
Luminex (LMNX) downgraded to Market Perform from Outperform at Leerink
Performant Financial (PFMT) downgraded to Underperform from Neutral at Credit Suisse
Prestige Brands (PBH) downgraded to Underperform from Hold at Jefferies
Roka Bioscience (ROKA) downgraded to Neutral from Buy at BofA/Merrill
Salix (SLXP) downgraded to Hold from Buy at Stifel
Salix (SLXP) downgraded to Neutral from Buy at Mizuho
The Advisory Board (ABCO) downgraded to Hold from Buy at Stifel
Vitamin Shoppe (VSI) downgraded to Neutral from Buy at Goldman

 

[无名的]

I forgot to mention. . . I will never, ever, ever care about another analyst report again. I had an interview at a major firm to be an Equity Research Analyst.

They wanted me to cold call a list of hundreds of restaurants and ask the managers if they thought business was better, same or worse than the year prior and then by what percentage would they estimate.

During the interview, I listened to test calls and most refused to answer or just started a week ago. They also, bless their hearts, didn't seem like the type of people who had any grasp on the actual business. After probably 5 calls, we finally got someone who hurriedly answered questions. They clearly had no clue and anybody who can read people could tell the lady was just saying what the analyst was leading her to say:

"So you say you're busier this year."
"Mmhmm."
"By what percent... maybe 5 to 10?"
"Yeah."
"And what do you attribute that to?"
"Good customer service."

And the analyst proceeded to tell me that was a useful call.



Passed on the job and further soured on the industry.

 

[Domingo Halliburton]

I forgot to mention. . . I will never, ever, ever care about another analyst report again. I had an interview at a major firm to be an Equity Research Analyst.

They wanted me to cold call a list of hundreds of restaurants and ask the managers if they thought business was better, same or worse than the year prior and then by what percentage would they estimate.

During the interview, I listened to test calls and most refused to answer or just started a week ago. They also, bless their hearts, didn't seem like the type of people who had any grasp on the actual business. After probably 5 calls, we finally got someone who hurriedly answered questions. They clearly had no clue and anybody who can read people could tell the lady was just saying what the analyst was leading her to say:

"So you say you're busier this year."
"Mmhmm."
"By what percent... maybe 5 to 10?"
"Yeah."
"And what do you attribute that to?"
"Good customer service."

And the analyst proceeded to tell me that was a useful call.



Passed on the job and further soured on the industry.

cold calling is the worst. you get maybe 1 out of 100 who are interested in anything you're saying. I used to do it a few years ago.

 

[Domingo Halliburton]

so forming a REIT is going to save Sears?

 

[88m3]

so forming a REIT is going to save Sears?

the real estate is probably worth x10 their yearly sales.




worse comes to worse they'll chop up what they have to developers and larger reits

 

[Domingo Halliburton]

the real estate is probably worth x10 their yearly sales.




worse comes to worse they'll chop up what they have to developers and larger reits

it really is. it's like that for a lot of these retail companies. the retail business isn't worth anything but their real estate is.

 

[Domingo Halliburton]

these job numbers from this morning are such bullshyt....why do we say unemployment is 5.8% and not talk about U4, U5 or U6?

and what's up with this number?

it is also the biggest monthly jump in young workers in the past decade, and one of the highest in history.

 

[88m3]

it really is. it's like that for a lot of these retail companies. the retail business isn't worth anything but their real estate is.

Yeah, obviously a folly to us today. In the 40's+ they imagined that to be the future of retail.

these job numbers from this morning are such bullshyt....why do we say unemployment is 5.8% and not talk about U4, U5 or U6?

and what's up with this number?

I swear that they make up numbers. The reality is they play with the numbers and everyone knows it. I don't see the point in the figure anymore. When you're 16-24 it's probably difficult to get a job in a field that you need 5 years of experience for.


edit: what is up with Canada's unemployment being higher than ours?