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Non-Tech : Kirk's Market Thoughts
COHR 186.80+6.4%3:54 PM EST
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Gottfried
To: Gottfried who wrote (2778)2/9/2015 8:42:41 PM
From: Jerome1 Recommendation   of 26796
 
Hey Gottfried, The cheap oil, is mostly a talking point to make some investors nervous

The companies that help produce the oil will keep producing the oil, because stopping production is an expensive proposition and restarting production after it has been stopped is also expensive. Maintaining market share is the only route to long term survival.

So where will the excess oil go? Japan, China, and Europe are going to load up and stockpile it to the max.
It was mentioned today that two companies are getting their share prices bid up by outside investors.

bloomberg.com
Chinese Tycoon Tong Boosts Seadrill Stake Past 5% Amid Oil Crash

Transocean Rises as BlackRock Boosts Stake in Offshore Driller


It should be noted that those rich investors don't take kindly to holding a losing hand.

Noble has already reported solid earnings and a good outlook..along with upgrades by 19 analysts in the past week.

Ensco and BP have stated that their dividends are safe because so many investors depend on them. Now all that talk about cutting the dividend....has dried up.

The folks who are paid big money to chatter about these things are looking for a toe hold for a boost in readership and getting no where fast.
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