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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (2516)	1/1/2015 1:40:56 PM
From: GROUND ZERO™	1 Recommendation Recommended By Kirk © Read Replies (2) \| Respond to of 26888

Here's hoping 2015 is at least as good as 2014 was... GZ

To: Kirk © who wrote (2516)	1/2/2015 12:38:43 PM
From: Jerome	3 Recommendations Recommended By Gottfried mary-ally-smith the traveler Read Replies (1) \| Respond to of 26888

Hi there kirk,......The price of oil is still falling but the oil drillers are rising. It all started in the first part of this week. Every oil Guru??? predicted a much bigger future drop in the price of crude. And every professional financial advisor ???? warned about staying clear of the oil stocks. Well today Linn energy cut its dividend by about 60% ...from $2.90 to $1.25 per share and the yield drops to about 10%. And today the stock is up 13% ...$1.39 to $11.52 a share. The same for Ensco (ESV)....at $30.20 a share up $.28 SeaDrill SDRL up to $12.02 up .08 Noble ...NE..at $16.83 up $.22 Transocean ...RIG is slightly down $.33 at $18.00 a share.... they did announce last week that their dividend was safe.....(is that a good reason for a sell off???) My viewpoint would be that these companies (except SDRL) have solid dividends, good earnings, and are selling for about 50% of book value. They may not be revenue growers at the current time, but all that could change very quickly. Cheap crude encourages wastefullness and that by itself increases demand. I have not known oil to stay in a very narrow trading range for any length of time. Sooner rather than later some of the oil producing countries will do something stupid and oil prices will rocket upwards. For example....Israel decides to attack Iran.....to neutralize a perceived threat. Or Israel goes on the offensive against Syria....Lots of things could push oil higher....but the time frame is unknown.