Keystone is open
The shortcut was stopped. I am not certain it would be completed by now even if it was not stopped
Keystone is not impacting oil prices
OT: Stock and Investment Talk
- Thread starter RU-05
- Start date
The shortcut was stopped. I am not certain it would be completed by now even if it was not stopped
Keystone is not impacting oil prices
How much of this do we think is oil companies seeing the shift to electric?
If you mean a free market shift, not much. If you mean government hostility and future regulation that would make future investment worthless, definitely.
So you don't think the entire auto industry planning to go heavy EV plays a part in this? Or do you think the auto industry going EV is because they expect gov't regulation? Or neither?
If you think ESG is a government invention then you don’t understand how finance works.
No, no, no. You have to hold out buying until the market turns up for a few weeks straight. You really don't know when the true bottom has been hit. I'm not sure it will happen this year.
As in, this is about oil companies, not auto?
If so, would oil not react to what auto is doing?
We'll see but right now you don't have the infrastructure for such an increased demand of electricity -- renewables or otherwise. Building out this infrastructure will be challenging and will involve inflationary pressures. Already electricity prices slated to go up 10+% next year. Already talking about rolling blackouts this summer. Fun being Woke, until it hits in the pocketbook; we'll see how inflation ect. influences the next two election cycles. Don't get me wrong, renewables and EV's are the future, but the transition period will be much longer then some realize -- as in decades. There's a reason the smart guys and gals at Berkshire invested in GE (EV potential) and more recently in big oil and midstream.
That’s normally a good idea but buying down 40%, I’m confident I’m buying close to the low.I agree this can go on to 2023. Most of the dividends stocks I brought were at 30-50% from their highs yielding 4.5% and above. Waited for them to drop to get a decent yield and can hold them almost forever. dividend and capital appreciation will work.
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Lots of inflation still in the pipeline. Producer price index is over 10%. All these inflation pressures increasing throughout 2021, month over month, b4 Putin did his crazy thing, b4 China shut down cities -- almost breaking 8% on the day Russia. invaded Ukraine. If you don't think monetary policy had anything to do with inflation, just compare percentage growth pre-pandemic to what it was last year with all that free money sloshing the tank. You went from 2-3% growth to like 13%. They increased the money supply by about 40%! That money went out in stimulus checks, went to businesses and seeped into wages and kept people employed, while at the same time the economy was shuttered/slowed/supply chain issues. Just look at a graph of M2. Everyone knows what a line straight up means. Ha, ha, a picture tells -- strike that -- given inflation, picture tells 10,000 words!
Hope you're correct though. I'll gladly eat my words. Just don't see inflation coming down quickly absent a massive recession.
There were massive COVID-related shutdowns all through 2021 (and 2020 as well). This was clearly the driver of inflation. It not only impacted supply, but also the timing of demand (by creating an artificial bolus of spending once restrictions on the pop were lifted). We were about the turn the supply chain corner and then China freaked out and shutdown again. Ug!
Much of the extra money in the system you are talking about just wasn't being used by banks, so what did it really impact?
Well said. It's not that I disagree with the trend, it's that I disagree with the length of the transition. John Kerry can still fly by private jet to Davos and virtue seek, but for almost all of us this has a negative impact. It would have been interesting to see how NYC would have fared if the weather that hit the Midwest and Rockies last week (and possibly this week) had hit the tri-state area without Indian Point.
We need to build more nuclear plants ASAP (or expand existing locations).
Only 12 states? Pathetic.
"More than two months ago we forecasted that the U.S. economy would tip into a recession by end-2023," Deutsche Bank Chief U.S. economist Matt Luzzetti wrote in a note to clients on Friday. "Since that time, the Fed has undertaken a more aggressive hiking path, financial conditions have tightened sharply and economic data are beginning to show clear signs of slowing. In response to these developments, we now expect an earlier and somewhat more severe recession."
After the couple of nuclear disasters around the world, people were afraid of nuclear. Biden all for nuclear.
Biden launches $6B effort to save distressed nuclear plants
Owners or operators of nuclear power reactors that are expected to shut down for economic reasons can apply for funding to avoid closing prematurely.
www.nbcnews.com
Reactors should be modernized. Newer designs are self-regulating via the laws of physics. Any "disasters" are essentially impossible to happen.After the couple of nuclear disasters around the world, people were afraid of nuclear. Biden all for nuclear.
Biden launches $6B effort to save distressed nuclear plants
Owners or operators of nuclear power reactors that are expected to shut down for economic reasons can apply for funding to avoid closing prematurely.
Not shutting operating plants down before the end of their useful life is more important. They provide transition relief which is needed. But it's not just nukes. There are movements trying to breech hydro dams in the Pacific Northwest to restore salmon runs that have been dormant for 60-100 years. And of course there will be an extra 50-60 million cars in 2030 that will be charging on the grid. Utter insanity.
This. Unless you’re operating 1960s/70s soviet reactor designs modern reactors are pretty much failproof outside of fault or flood zones (where they shouldn’t be in the first place).
I guess the cartel tax for being left alone will offset the revenue loss.
Apparently the stop gap measure is to restore relations with Venezuela and import from them lol
Anything would be better than dealing with those human rights denying Canadians.
Interesting that Columbia’s known reserves are going to run out in about 7 years at current production level anyhow. There are fairly large projects in the works to ramp up soon in Suriname and Guyana, which would basically offset and then some compared to what Columbia will be taking offline.
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Another staples/food company splits.
www.cnbc.com
Kellogg separating into 3 companies focusing on snacks, cereal and plant-based foods
Kellogg plans to separate into three independent public companies, sectioning off its iconic brands into distinct snacking, cereal and plant-based businesses.
Another staples/food company splits.
Kellogg separating into 3 companies focusing on snacks, cereal and plant-based foods
Kellogg plans to separate into three independent public companies, sectioning off its iconic brands into distinct snacking, cereal and plant-based businesses.
Snacks, cereal and cauliflower. Sell the cauliflower on principle .
I've said it here multiple times I love dividend payers specifically the staples and utilities and have held quite a few for many many years. I just haven't added much to any of them as buy and hold positions for a long time, just trades. Now finally after so long some are starting to become somewhat attractive as rates go up.
I also think the growth names specifically the high quality names in tech (the usuals) could bottom before the rest of the market and the economy.....quickest down and possibly the first to find the bottom. I've said 3200 could be the area where a bottom finally happens but we'll see. I've said above, I do think a rally is possible in the near term because things do feel oversold but we'll see how long it lasts.
I agree 100%. The dividend stocks weren’t paying enough until they dropped the last several months but now there‘s plenty with decent %. I also agree about the big name techs, I might have brought some too early but they wont drop substantially from this point on. The 3,200 might still be too high. Dan Niles this morning on CNBC mentioned 50% down, this on top of the two other posts I made earlier. Instead of buying again at 25% maybe 35% is safer, definitely more caution.
I've mentioned here I'm not a fan of Dan Niles. Somehow or another this always sticks in my mind. He had a whole thing many years ago about MSFT..... PCs are dying secular decline for MSFT etc...I was picking it up at that time though because I didn't believe in that whole thesis and that MSFT is in the guts of so many enterprises etc and they will be just fine. I actually should be a fan because negativity like that is what helped me buy it cheaper lol.
50% would be 2400 on the S&P...I have a hard time believing we'll get that low. The lowest target I've see is 2900 and I could maybe buy that but I think breaking 3000 significantly will be a tough task unless things extremely deteriorate in the next year or so. I don't see anything systemic at the moment either.
This is just so incorrect. You realize that Boston brings in LNG during the winter peak due to lack of pipeline capacity don't you? The northeast has a major shortage of pipeline capacity and it is near impossible to get a new one built. Marcellus shale gas can't get to market. Developers will not risk increasing production when there is insufficient takeaway capacity. NIMBY'ism. No one wants them anywhere near where they live but they want air conditioning and heat. This has been going on for years and is not new. Blocking pipe thru relatively lowly populated states/areas due to environmental efforts is newer.
You’re talking specifically about getting nat gas into New England. Speaking to oil, there’s plenty of pipeline to get Permian Basin oil across Texas to the Gulf of Mexico refineries.
BTW…A nat gas pipeline was just completed to get nat gas from PA to TX. New England is under-piped.
Permian oil is light sweet. Low margin for refiners. Canadian oil sands produces bitumen, very heavy oil that sells at a discount and is very profitable for complex Gulf Coast refineries. Meanwhile, Venezuela crude is also very dirty. Yet this admin seems to be encouraging that production over our neighbor to the north. Why? Venezuela is a classic socialist economic nightmare. They certainly made everyone equal and poor under Chavez. Anyone with a brain departed. Oil company workers were fired if they didn't vote the right way. They drove Western technology out. Production steadily and rapidly declined. PDVSA is a shell of what it was 20 years ago. Environmentalists must be thrilled that production of fossil fuels dropped while the population starved and fled. Now, Biden is reaching out to ask them to produce more. Come on now.
+100
And the carbon footprint for providing that crude from Canada to the Gulf refineries is significantly lower than from Venezuela. But I guess we want to extend a helping hand to that icon of democracy Maduro.
You shouldn't be a fan of Niles since he is always wrong. Inflation will need to spike even more to get close to 3000 and the economy is showing sings across the board of price cuts and demand decreases.
I bought a good amount on Friday, but nothing today. Let's see what tomorrow brings. Going hard into my E-Trade account and leveraged efts. Very simple plan!
There is a pipeline to get the Canadian oil to the Gulf
The last 2 days gasoline in my area dropped about 10 cents. What is the reason?
