Ah I see. So it's like gambling in a sense? You know statistically what you should do, but there is no guarantee that you will be correct?

That's true, however, with the rapid increase in natural gas production from Texas, how do you think this will affect XOM?

That's true. However, given it's current dangerous debt levels and onerous interest payments, the cost of equity would be very expensive, don't you think? I suppose they could raise equity to pay off debt, but that seems like a rather expensive refinancing.

Thank you for clarifying. I realize that my comment, while on the right track, was somewhat underdeveloped.
Sophisticated investors certainly equals more $$$

That's true. I was just wondering if you thought the stock might be overvalued at current prices? While a stock may be a good long term play, it can have temporary moments of overvaluation.

Ok, no worries; just wondering if you knew off hand. I am going to do some research and post what I find. I am interested to know for my own benefit.

Yeah, that's true. But to be fair, the media is another business. It would be nice if people had some semblance of industry knowledge before they labeled a project as good or bad.

Well, getting off topic. Point is, this is more than good news about Keystone XL and I am excited to see how this shapes the industry.

Do you know if they ever disclosed their CAPEX requirements per barrel produced? It would be interesting to know how much CAPEX will be required to produce the remaining 12 million barrels.

I agree! I remember laughing to myself when listening to the arguments against Keystone XL. I thought to myself, "So, you [the protesters] would rather have old, outdated pipelines instead of a new, state of the art pipeline?"

To add to your point, the Keystone XL will not increase oil consumption, but rather make current consumption safer and less expensive to transport. Conveniently, I don't think I saw those points mentioned in the news.

That's true; I missed that nuance. By liquidating shares equivalent to his original purchase, he is essentially playing with House money.

Though, to be fair, if one could earn a higher ROR with that same investment, it would behoove him to liquidate his entire holdings. But now we are just getting into philosophy as investment decisions are nowhere near as simplistic.

So that implies that they have approx 14 years of reserves left?

I saw that! I was waiting to hear what others said about it. The Keystone Pipeline XL has had such a crazy history, I can't wait to see what the future holds.

Though, my guess is that this will far from the last we hear for controversy.

No worries, thank you for asking around though; I greatly appreciate it.
Man I wish I could make a million a day! Yeah, if they want the stock to pop, no easier way than to make an earnings announcement like that.

Have you ever based trading decision solely on the Baltic Index?

Man, I know that story. What the market gives, the market taketh away.

By a new level of investors, you mean investors that have a lower risk tolerance?

Ok, that's true. I'll calm down. Just was hoping for an early Christmas present.

Wouldn't this indicate a buying opportunity? If we are at a low, and supposedly good news is on the horizon, then maybe we are at a buying opportunity? This is just my interpretation, and am looking for someone to refute my assumption.

So this might be an amateur question, but how can you spot a turning point? It seems like the stock is at a turning point, if one were to look at the following indicators, but is there a way to confirm your assumptions.

I was looking through a slide deck that NAP issued at the end of October and to be honest, I am worried for this company. According to their deck, their debt matures in 2020 - 3 years away. This seems like a company that robs Peter to pay Paul. I don't see how they can refinance their debt in 2020 at a rate that makes sense.

This might just me going on a tangent, but interest rates are due for a substantial increase, imo. So if the company can't afford its interest payments at current rates, I have no idea how they will be able to afford higher, future interest costs. Unless they have some secret plant to dramatically increase cash flow from operations, I think this company is destined for bankruptcy court.

Not to discount your craft, but it seems like a lot of it comes down to gut feeling? Like you said, there are people out there that know every aspect of WFT business, but you are trying to synthesize future stock movements from current trends?

But doesn't Exxon also have an enormous refined product business? Would declines in crude prices help Exxon have lower input costs for its refined products, thereby offsetting any loss of profits from its upstream business?

Oh wow, so you are in it for the long haul? Can I ask why you are so confident? I have recently been reading a lot about corporate valuation, so I have begun to ask what affects companies' growth.

That is very encouraging news. With predictions of a continued decline in oil prices, I wonder if companies like Chevron will rely on refined product sales to overcome lower crude prices.

Yes, of course. I think everyone has hopes and dreams. I will keep my biases to myself from now on lol.

So for Cobalt to remain on the NYSE, it must increase its market cap to above US$50 million within the next 6 months? Or it plans to have its shares re-listed within 6 months?

Do you think that it can increase its market cap within that timeline? It seems like it would take some major structural changes for that happen.

Why do you expect slower distribution growth? Their distributions are dependent upon transit profits, so are you suggesting that their profits will grow at a slower rate?

Oh man, I am beyond excited to hear the news. Has it been released yet?

For some reason I can;t copy text, but here is the link:

https://www.nytimes.com/2017/11/18/business/trump-wants-more-big-infrastructure-projects-the-obstacles-can-be-big-too.html

Essentially, Trump wants to streamline the environmental permitting processes of large projects such as highways. I think we finally seeing some movement on the infrastructure bill. Trump wants this bill to pass and I know I do.

Comment is from October, but it signals that both sides are getting restless about an infrastructure bill.

Back in Washington, Democrats on the House Transportation and Infrastructure subcommittee on highways and transit criticized the White House for its failure to produce a fleshed-out legislative package during a hearing Wednesday. “All we do is talk… why are we here pretending?” Rep. Peter DeFazio (D-Ore.) said during the hearing, according to The Hill. “It’s time for someone to take the lead and this committee should take the lead.”

How do you think this tax credit repeal would affect gasoline consumption?

Say goodbye to the tax credits for plug-in motor vehicles. It gets repealed in 2018.

Holy cow guys, look at this passage from the tax bill:
On top of that, companies would get some new tax breaks to help lower their bills, such as the ability to deduct all the costs of purchasing new equipment for five years, as well as a special low rate on any money they bring back to the United States from low-tax countries such as Ireland.

While the Ireland comment, I'm guessing, doesn't matter so much for TVOG, the ability to deduct new equipment purchases could mean millions in tax savings for capital intensive companies

Dry bulk orders have surged by 4x during the first 10 months of this year, according to analysts at Alphabulk.

This is great news for Diana

What is everyone's thought on the EPS in spite of the revenue increase?

I am not saying anyone is stupid. I am little confused as to how you took my quote.

BOB?

I saw this today! We are still waiting on house approval?

So you look at change in rate of change of the indicators? As the decline slows down, then that might present a buying opportunity?

I am too! I think that the long term prospects certainly outweigh any current hiccups.

Though that is my opinion, proceed with caution.

There is a saying that those who don't learn from the past are doomed to repeat it. I would say that that holds true in corporate America