Belek
9 years ago
you probably missed this one,,,,,,,,Follow-Up: XBI Trader Scores 346% in a Week
SPDR S&P Biotech ETF (XBI – NYSE)
By Bottarelli Research
Published Wednesday, April 06, 2016
Last Thursday we told you biotech stocks were ready to soar. Now just four trading days later, the SPDR S&P Biotech ETF XBI – NYSE is up 11.6%. So just how much did our sharp trader make?
Bottarelli Research Translation: The customer we tracked originally bought 10,000 April 52.5 calls for $1.20 each last week. He sold half of his position yesterday for $2.60 per contract, locking in partial gains of 116% in the process. Not bad, right?
Today, his fortunes fared even better as the biotech rally skyrocketed. At the close of trading, these calls were worth $5.35 apiece. That means on the remaining 5,000 contracts, he’s looking at gains of 346%. Do a little math, and in less than a week this trader turned a $1.2 million investment into more than $4 million.
Belek
9 years ago
More Oil news from OilPrice.com
Tuesday April 5, 2016
Oil prices fell on Monday to one-month lows as the markets became more disillusioned with the prospects of a production freeze at the OPEC-Russia meeting in Doha on April 17. Saudi Arabia backtracked from its pledge to limit output, when the Deputy Crown Prince told Bloomberg that his country would participate only if Iran did as well. Meanwhile, dovish comments from Fed Chair Janet Yellen had provided oil prices a lift, but that was more or less offset by strong economic reports on Friday, which might increase the chances of a rate hike at some point.
Saudi Arabia seeks non-oil income. Saudi Arabia is at a crossroads, with tremendous political and economic upheaval due to low oil prices. With a massive war chest of cash reserves, the Saudi government has been able to muddle through the crash in oil prices. However, it is planning big changes for the economy in order to close its $98 billion budget deficit. Saudi Deputy Crown Prince Mohammed bin Salman told Bloomberg last week during a five-hour interview that the government was looking to raise $100 billion in non-oil revenue by the end of the decade, nearly triple today’s level. The government wants to trim subsidies, impose a value-added tax, as well as spin off parts of Saudi Aramco in an IPO. It also wants to create a $2 trillion sovereign wealth fund with the intention of diversifying the country’s income for the long haul.
Iran boosts oil exports. Iranian oil minister said that Iran increased oil and condensate exports by 250,000 barrels per day in March, allowing the OPEC member to top 2 million barrels per day in exports. Iran said that it would not participate in the OPEC freeze deal until it boosted exports to pre-sanctions levels, which would mean adding another 1 mb/d to its export total.
Another oil and gas bankruptcy. Goodrich Petroleum (OTCMKTS: GDPM) announced on Friday plans to file for bankruptcy protection in the next few weeks. Goodrich came to an agreement with junior creditors for a debt-for-equity swap. The deal will result in $175 million in debt for 100 percent of the company. Senior creditors would be paid in full. The prepackaged bankruptcy could allow Goodrich to emerge from bankruptcy with its drilling operations largely unaffected.
Mexico’s oil reserves declined in 2015. With precious few new oil and gas discoveries made in 2015, Mexico saw its proven oil and gas reserves decline by 21 percent to 10.24 billion barrels of oil equivalent. The fall can be attributed to the collapse in oil prices, which makes some oil reserves not economical to produce, forcing their reclassification as no longer “proven.” Mexico is proceeding with its energy reform campaign, auctioning off oil and gas tracts to international companies. Meanwhile, state-owned Pemex could see production fall by another 100,000 barrels per day this year because of a dearth of investment stemming from severe spending cuts.
Petrobras (NYSE:PBR) stock plunges on rumors of retail price change. Reuters reported that Brazil’s state-owned oil company Petrobras is considering cuttings retail gasoline and diesel prices, which would reverse price increases made last year. The move would reflect falling oil prices as well as the deep recession that Brazil finds itself in, with falling demand for fuel. However, the move would be hugely damaging to the oil company, which already has the highest pile of debt out of any oil company in the world. Petrobras’ shares fell by 10 percent on the news.
BP (NYSE: BP) Deepwater Horizon settlement approved. A federal judge in New Orleans issued a final approval over the $20 billion settlement between the British oil giant and five states in the Gulf of Mexico for damages related to the 2010 well blowout and oil spill.
Rising oil prices could be good for the U.S. economy. Goldman Sachs published a new study that found that the prospect of rising oil prices could provide a boost to U.S. GDP through several avenues, including increased capex from the oil and gas industry as well as an improved trade deficit. The contrarian argument goes like this: oil production is more elastic than oil demand, meaning that when prices fall, the industry curtails production by more than consumers increase their demand. The effect is that a dip in production is made up through higher imports, which hurts the U.S. trade balance. Consumers still win, but the overall U.S. economy takes a hit. The counterintuitive conclusion suggests that the U.S. economy may actually prefer higher oil prices.
Unaoil corruption report. A major investigative report from The Huffington Post and Fairfax Media alleges that a company based in Monaco, Unaoil, was responsible for a large bribery network that resulted in oil contracts awarded for a long list of major companies, both in the U.S. and around the world. The report says that Unaoil bribed officials in a variety of countries in Africa, the Middle East, and the Soviet Union. In response to allegations that Iraqi officials, for example, were involved in accepting bribes in exchange for awarding contracts, Iraq’s Prime Minister Haider al-Abadi ordered “immediate” action by the anti-corruption commission and judiciary to look into the matter. The fallout from the report is still being felt as officials and companies from around the world learn about the bribery ring.
TransCanada (NYSE: TRP) shut down Keystone pipeline due to leak. TransCanada shut down its Keystone pipeline due to signs of an oil leak in South Dakota, the company said on April 4. TransCanada said that the 500,000 barrel-per-day pipeline was shut immediately after reports from a landowner about a leak. The company says the spill covered a “small surface area” and that it observed no significant impact to the environment. The pipeline runs from Canada to the U.S. Gulf Coast. The existing Keystone pipeline is separate from the now-defunct Keystone XL pipeline, a proposed conduit that became controversial over the potential for oil spills as well as for its effect on climate change.
Belek
9 years ago
No windy and chilly most of the day, could hardly get any fishing in
heading out tomorrow again and for now on, what can i say, I'm an avid fisherman, had a false alarm Friday night of capsized boat.........
weather cloudy and cooler Sunday, sucks, winds this time of year are killers for spring fishing, but diehards go and get the fish anyways,
have a great Sunday.
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Coast Guard suspends search for boaters off Brigantine
Search aircraft and Coast Guard vessels have been deployed since about 5 p.m. Friday to look for the crew of a capsized boat off Brigantine. On Saturday, boats pass through the water off the 11th Street beach through rough surf.
Belek
9 years ago
bookmark........
Inside Investor with Dan Dicker
From Oil & Energy insider Premium edition
March 25, 2016 credit
Who To Back When Oil Rebounds
In my book Shale Boom, Shale Bust, I isolated three places one could reasonably invest for the long term to bet on the (I believe) inevitable boom cycle in oil that will reemerge in 2017. The first, the E+P ‘survivors’ of the long cheap oil ‘winter’, I’ve talked about almost exclusively and at length. The second, infrastructure and services, hasn’t yet fully revalued for the huge production shifts and decreases to come – and therefore remains an investment for the future.
Finally, there are the ‘vultures’ – Those cash-rich companies and private equity groups that can pick off the assets of the distressed, debt-laden producers being forced to delever. In my book, I mentioned two likely candidates for this: Exxon-Mobil (XOM), a possible buyer of a big shale player and Blackstone (BX), one of several PE firms who have established big independent funds that will concentrate on distressed energy assets.
But what if a true oil ‘landsman’ - who had already built a great shale company - wanted to reemerge at this moment in the bust cycle to build another company from scratch? This is precisely what Mark Papa, the ex-CEO of EOG Resources (EOG), is intending to do with his SPAC: Silver Run Acquisitions (SRAQU). I believe it represents a great long-term opportunity.
Recently, I was deeply considering the idea of a managing a focused energy fund. What an incredible advantage, I thought, to be able to start a fund today at zero by buying stocks and bonds when they are at their most distressed point. I ultimately decided not to take on this challenge, but the position Mark Papa is in today is precisely the same. Silver Run has amassed $450m (an over subscription of $50m) to allow Papa to go wherever he wants and pick out his choice of depressed shale assets with which to build his new company.
His is hardly the first focused vehicle to attempt this. The tragically departed Aubrey McClendon floated a $1B SPAC in early 2015 to buy shale assets for American Energy Partners – but that attempt ended in failure as McClendon only managed to raise $11m of the planned $1B in units. That Mark Papa has, in contrast, oversubscribed so easily for his nearly half a billion fund says a lot for the confidence the market has in him – and my confidence in him as well.
It’s not as if the market is awash in superb shale assets selling at bargain basement prices right now, nor is there zero competition for the best acreage that is available. As I mentioned, Blackstone is one of more than half a dozen PE firms to have set up dedicated funds for energy assets, and all of them are hungrily waiting for distressed companies to start to offer out some of their better stuff. But I believe that Mark Papa has an advantage over many of them, not only because of his land knowledge – acquired while he was at EOG – but because of his personal relationship with the other ‘landsmen’ at the other companies.
They know Mark Papa – and trust him. They’ll likely be more inclined to talk to him first about whatever assets they are thinking of putting on the block.
For these reasons, I’ve begun to buy units of Silver Run. Right now, they’re trading for a 3-4 percent premium over their initial offer price, which I consider a reasonable premium to pay – for the expertise of a true shale ‘guru’ getting back into the game.
Belek
9 years ago
this one here gonna run,,,,,,,,,,,,
maybe head to R3
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