I like Oil

[explanade]

Why wouldn't raising cattle drive oil price higher?

Seems to be pretty energy-intensive.

[aja8888]

Quote:

Originally Posted by explanade Why wouldn't raising cattle drive oil price higher? Seems to be pretty energy-intensive.

Cow methane production is the offset.

[ESRwannabe]

I think this is a pretty good short video guessing what the markets will do this year. Some good stuff at the end on commodities.

https://www.youtube.com/watch?v=P3PPmd3gPmA

[wmc1000]

Bloomberg quotes a Norwegian consultancy that oil legacy production will decrease faster than new supplies this year - Why we could see an oil price shock in 2016

[Totoro]

Collusion and cartels are illegal. Unless governments do it, obviously.

http://finance.yahoo.com/news/exclus...--finance.html

[ESRwannabe]

Doha talks failed. I imagine oil stocks will be down 5% to 10% or so tomorrow. Saudi Arabia will be pleased with their war to destroy US shale industry.

Oil Plunges After Output Talks Fail Amid Saudi Demands Over Iran - Bloomberg

Saudi Arabia declares open war on shale

There's also talk that Saudi Arabia will dump almost $1 billion US dollars if congress releases the 28 pages from the 911 investigation which show that Saudi Arabia was involved in funding the terrorists.

Saudi Arabia threatens economic ‘turmoil’ over 9/11 bill | New York Post

Saudi Arabia funds and exports Islamic extremism: The truth behind the toxic U.S. relationship with the theocratic monarchy

With "friends" like this who needs enemies?

[aja8888]

Look out below. I guess I will be adding to my Exxon position when it gets in the low $70's again.

[Fedup]

It's not $1billion, it's $750 billions.


Sent from my iPad using Early Retirement Forum

[Totoro]

Quote:

Originally Posted by ESRwannabe There's also talk that Saudi Arabia will dump almost $1 billion US dollars if congress releases the 28 pages from the 911 investigation which show that Saudi Arabia was involved in funding the terrorists.

A bit confused on that one. If the Saudis go on a disorderly fire sale of their assets, the only ones they'll hurt are themselves

Or am I too simplistic here.

[Mulligan]

Quote:

Originally Posted by ESRwannabe Doha talks failed. I imagine oil stocks will be down 5% to 10% or so tomorrow. Saudi Arabia will be pleased with their war to destroy US shale industry. Oil Plunges After Output Talks Fail Amid Saudi Demands Over Iran - Bloomberg Saudi Arabia declares open war on shale There's also talk that Saudi Arabia will dump almost $1 billion US dollars if congress releases the 28 pages from the 911 investigation which show that Saudi Arabia was involved in funding the terrorists. Saudi Arabia threatens economic ‘turmoil’ over 9/11 bill | New York Post Saudi Arabia funds and exports Islamic extremism: The truth behind the toxic U.S. relationship with the theocratic monarchy With "friends" like this who needs enemies?

There must be different Saudi factions. Unless I am losing my mind, I know I heard on a news show (60 Minutes, I believe) about the releasing of those documents and reporter said the Saudi's had no problem with them being released.

[fosterscik]

It was my understanding that the Saudi dispute is whether US citizens have the right to sue the Saudi government for their complicity and not about releasing a document.
http://www.nytimes.com/2016/04/16/wo...bill.html?_r=0

[Gone4Good]

Quote:

Originally Posted by Totoro A bit confused on that one. If the Saudis go on a disorderly fire sale of their assets, the only ones they'll hurt are themselves Or am I too simplistic here.

They're talking tough and carrying a pop gun. The only reason the threat holds any sway at all is because policy makers believe they have a real weapon instead of a toy.

[Mulligan]

Quote:

Originally Posted by fosterscik It was my understanding that the Saudi dispute is whether US citizens have the right to sue the Saudi government for their complicity and not about releasing a document. http://www.nytimes.com/2016/04/16/wo...bill.html?_r=0

Thanks, Foster. I always like reinforcement that my memory isnt barely one step above entry to a nursing home. As sometimes I wonder if its not.

[fosterscik]

You're not the only one Mulligan. I find myself checking things more and more - and finding more and more often that my memory isn't as good as I thought. Soon I'll be checking my wife's name before I speak her name!

[REWahoo]

Quote:

Originally Posted by fosterscik Soon I'll be checking my wife's name before I speak her name!

Like this guy?

Quote:

Two couples were enjoying friendly conversation when one of the men asked the other, "Fred, how was the memory clinic you went to last month?" "Outstanding," Fred replied. "They taught us all the latest psychological techiniques-visulization, association-it made a huge difference for me." "That's great! What was the name of the clinic?" Fred went blank He thought and thought, but couldn't remember. Then a smile broke across his face and he asked, "What do you call that flower with the long stem and thorns?" "You mean a rose?" "Yes, that's it!" He turned to his wife. . ."Rose, what was the name of that memory clinic?"

[ESRwannabe]

Weird, AMLP is actually up 1%. I just looked at XOM and it is slightly up.

I read somewhere that workers in Kuwait were striking because they didn't want a pay cut. Maybe that is what's happening.

Oh well, I'm not going to try and understand it. I have just been trying to ignore the oil market and stick to my plan.

Plan is to continue buying AMLP until I can no longer reduce my avg cost per share, which is $13.80 right now. Still at 20,030 shares. There is a dividend in a month or two which I will most likely reinvest.

[dixonge]

Quote:

Originally Posted by ESRwannabe Weird, AMLP is actually up 1%. I just looked at XOM and it is slightly up.

Perhaps stabilized by this?

Oil steadies as Kuwait strike offsets scuttled output-freeze plan | Reuters

[ESRwannabe]

Ok so now I know what's going on. Its kuwait but also news on the ETE/WMB merger. AMLP is up 3.71% just now.


Energy Transfer surges, Williams sinks as key tax opinion may be delayed - Energy Transfer Equity, L.P. (NYSE:ETE) | Seeking Alpha

[ESRwannabe]

Wow... AMLP is up another 4.12% today. Price is now $11.87. My avg cost per share is $13.80. Maybe I will get to invest in something else for a change. Its been pretty boring putting it all in AMLP the last year and a half.

SDLP is up 17.44% today... price is now $4.78. Still has a div yield of 20.92%...

[aaronc879]

Quote:

Originally Posted by ESRwannabe SDLP is up 17.44% today... price is now $4.78. Still has a div yield of 20.92%...

I sold almost all of mine at $3.60 only about a week ago. It literally hurts my head to think about how much more money I could've had if I held it one more week. I still made money as I bought multiple times between 2.25-3.50. I didn't want to be a "hog" and get slaughtered so I sold early. Oh well. I kept 1000 shares so that's worth something at least.