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Gold/Mining/Energy : Transocean (RIG) -- Ignore unavailable to you. Want to Upgrade?

To: Qualified Opinion who wrote (336)	1/6/2015 7:31:10 AM
From: robert b furman	Read Replies (1) \| Respond to of 367

Banks are OK - high yield will get gobbled up by big oil. Last time oil went to 10.00 a barrel Exxon bought Mobil. There is not enough high yield bond paper out there to be systemic (18% of all high yield is oil related). Big oil has been down this path before and can float paper on the cheap, to buy up good land with particulate oil under it. The longer cheap energy exists the faster the world reflates. Cheap oil is QE5. This is the first QE that is free market based with no fed expansion of its balance sheet. Buy the dip - this one will finally work. Banks are no longer in commodity business - they've been newtered by Dodd Frank. SOB's may even have to make loans to make money now! Black Swanns never last very long and then some one goes BK and it is over. Don't see that happening so far. Saudi's can make the emerging world pay -perhaps to the long term benefit AND VIABILITY OF THE SHALE FRACING REVOLUTION. The one looming question is how cheap efficient fracing firms can mine oil - it could well be much cheaper than off shore - if so the viability of the USA having another industrial revolution based on cheap energy at home becomes viable - thus the disconnect with our 5% GDP vs the worlds 1-2 % GDP. If fracing goes global or just in all of North America (Mexico and Canada - emerging markets will be playing second fiddle. This is a big buck play at work. I say let the middle east sweat it out amongst them selves, and promote our home oil development to the MAX. Fun to watch . No clue how to play it - other than just watch and buy oil companies after a bottom goes in. BWDIK Bob