Alaskan ''Flexible Pipe" from subsea use... is this from CXIPY ?
...is anyone familiar with the mfg or construction service co, concerning this flexible pipe ? Sure sounds like Coflexip/CXIPY's product ?
PS; theStreet.Com sponsored a live chat today on Yahoo with 12 major Analysts in a ''Live Summit''....click on the Yahoo Chat link article on TSC;
thestreet.com
Some bullish comments on the Oil stocks; pretty much called a bottom...with some cautionary statements; but also the familiar tome - of how easy it is to miss the boat when the tide does turn... Each analyst answered questions and spoke about their #1 stock pick. Seth Tobias had HAL as his #1 Total Market pick; commented as to some 100%-200% returns here in the patch and that he would buy FLC to $1 - !!! James Cramer made a very interesting comments as to the importance of continued Fed cuts for the Oilpatch stocks: he ''sees doubles'' in these stocks if the Fed continues cuts..
<< For the oversold S&L's or Oil stocks; will we see the October factor or tax loss selling ?
Summit_Host: Jim Cramer: These stocks are driven by the cost of their short term funds.
Summit_Host: Also driven by their credit quality.
Summit_Host: If you think the Fed is going to cut and cut aggressively then you have a double in these stocks.
Summit_Host: I think Sept. was an incredibly weak month in this country, that Greenspan is incredibly behind the curve.
Summit_Host: These are the stocks you own when rates come down.
Summit_Host: I'm buying s and l's.>>
I'm sure, to no ones surprise; the major analysts when queried about the oilpatch; tend to choose the SLB's, BHI's, or HAL's of the world. Understandably so; liquidity is a prime prerequisite for them... I think the flip - flop volatility that we are seeing in stocks like RIG - that has exceptional earnings stability; is indicative of major Institutions/Funds moving in & out of the oilpatch stocks as often as the wind changes direction... However; it is an important change, in that they want to be here, very, very badly when the tide does turn ! Do not underestimate the flow of cash that will come streaming in when the infamous Big Dog traffic light turns from Yellow to Green ! - and I agree that it is a "Yellow" currently; the ''caution'' flag is definitely out; ...be carefull out there.
For what its worth; after going through the equivalent of 3 tours of duty - defending ''Hamburger Hill'' (trading my way out of the oilpatch decimation)... I sold all of my large cap oilpatch stocks thurs-fri; Good-bye to my Big 3 - RIG RON WFT...gone, soldout... It wouldn't be prudent (or good for the digestive tract) to watch WFT go to $15, RIG to $23 or RON $20...) I'm done fighting the over-emotionalism ; I'm holding a small profit in all 3, but this skittish movement in these tells me they can indeed go lower to retest the lows, unrelated to their fundamentals - just the current over-emotional market reactions to LTC, Brazil, Clinton, the Fed not cutting rates enough... The first 3 days of next week will tell a lot about where we go from here. If we see some positive sentiment on further Fed cuts, Japans Banking reform, Clinton and LTC - then the green light goes back on for RIG RON WFT... The technicians will get their re-test/double bottom of the August 31st low/blow off and then I believe we turn once again.
I'm marginless and just holding my small-mid cap niche plays of SCSWF CXIPY CDIS CLB VTS DRQ PGO FGII and still holding VRC - allthough something about VRC gives me an uneasy feeling, but how low could it go ? I think these smaller cap issues will not see the volatility caused by Institutional traders and have moved well of late. |
