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No special reason. I was looking for companies that would have outsized GOM exposure relative to total production as a guess that Harvey would impact those the most. As it turned out, it didn't do much better than if going long XLE which means there were probably better rebound plays out there. I have some CRC from below 7 (spun off from OXY) that have no offshore exposure. Those will be gone too at options expiration unless I decide to roll the calls. CRC has $24/bbl lifting cost on average if recollection serves.
Out of APC.
Aramco IPO may never get off the launch pad. My wild guess is that if SA wants value of out their reserves, they need to drive prices down below the cost of shale for as long as they can.
Then the reserves may find buyers on the rebound back to equilibrium pricing which is marginal cost of shale. I know that's counter intuitive but I don't see a way out for them. I also see ME exports going up even if ME production stays flat.
October $1 calls has almost no premium compared to share pricing. Seems like the lower risk way to go if you are a bull on FDA clearance.
The therapy is unique according to PLSE website, what existing med device are they claiming substantial equivalence to go the 510k pathway?
trxc - sold half to recover cost basis and let the rest ride.
trxc - sold half of what I bought to cover cost basis today. Seems it is moving a little fast and leaving behind gaps. Look back of historic prices suggest all gaps so far have been filled.
Li holds 40% of Husky and decides to place his bets on high end EVs.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134520051
Japanese high end EV competition from outside of entrenched ICE automakers. If recollection serves, Li owns Husky oil of Canada so this is significant move on his part. Also the news from China that they are working on details of ICE cars phase out. Is more competition good for TSLA?
https://www.bloomberg.com/news/articles/2017-09-11/hong-kong-s-richest-man-expands-investments-in-electric-vehicles
AF ablation coverage restrictions. http://www.eplabdigest.com/articles/How-Prepare-Possible-Atrial-Fibrillation-Ablation-Coverage-Restrictions
APC - Harvey has not been good for E&P companies with significant production from GOM. This will pass. I have a small position to play a rebound.
http://www.anadarko.com/News/Flash-Feed/Gulf-of-Mexico-Weather-Update/
It is quite probable that battery replacement cost will be significantly lower for the same amount of kwh by the time it needs replacement. Not sure what they will do to keep the weight the same as not to alter driving dynamics. I guess you can go with even more kwh and longer range while keeping the same weight.
TRXC making a move ... I didn't think this will move till closer to year end in anticipation of 510k. I bought some in the 0.6xx range.
Thx. I took a look a while back and it was hard to get my arms around the idea that Botox and near equivalent alternatives will NOT become a crowded market. I also didn't realize Koreans are pretty good at cosmetic procedures - friends had went there apparently for this http://english.visitmedicalkorea.com/english/pt/packages/BD_detail01.do?packageSeq=257&q_currPage=3&packageMenuDivCd=1001&packageCateCd=&menuGB=&q_searchKey=1001&q_searchVal=
re alternatives -
https://www.shahfacialplastics.com/blog/versions-botox-horizon
What is your estimate of NPV for RT002? And why did they miss it in your opinion?
Nope. No gap there at all. I see the last gap happening at 8/3 open from 8/2 close so we didn't even get close this morning.
What gap(s) are you talking about having been closed this morning? Seems it has to go lower before that happens based upon the chart you posted.
2/3 of his miles is highway commute to work. Looks like he is right in the middle of range.
http://www.fuelly.com/car/mazda/3
Where do you get your numbers? Some fossil fuel lobby?
http://blog.schneider-electric.com/energy-management-energy-efficiency/2013/03/25/how-big-are-power-line-losses/
Regarding Mazda 3. We got one for our son attending college. He gets 28 mpg average.
Current median skyactiv fuel economy around 27 mpg so a 20% increase gets you to 33 mpg. Good for Mazda but not world changing compared to hybrids and EVs. Also, only a small fraction of the btu is gasoline gets converted to wheel turning energy compared to 85-90% of battery btu. UTexas looks to be ahead of Toyota in increasing EV battery storage density by 3X.
http://www.fuelly.com/car/mazda/cx-5
http://www.npr.org/sections/alltechconsidered/2017/05/22/529116034/at-94-lithium-ion-pioneer-eyes-a-new-longer-lasting-battery
Must be the irresistible urge by some to test the off the line acceleration against others. A few years back, we had a fool in our town that did that racing against a Mercedes and ended up killing 2 in another car coming in oncoming traffic (curved road and Tesla went straight). His S was totaled and he walked away from it. The other car looked like it had just came out of a car cruncher. The guy went to jail and probably lost much of his assets deservedly.
How people drives 3s TBD.
Saw my first model 3 on I-280 with dealer plate. It looks like a regular sedan from the rare. Lots of pics on front and side in public domain. I think the lower end model S makes more sense if you were planning to go full option with the 3. S is just a better looking car all round with more room.
The ultra tight oil treadmill in existing basins. http://oilprice.com/Energy/Crude-Oil/Nothing-To-See-Here-Frackers-Ignore-Rising-Well-Decline-Rates.html
Plus aapl has 38% gross margin.
I think the model 3 is going to kick butt, especially low to mid range Beemers and Mercedes. As Motor Trend reviewer implied, all of those feel like wet sponges in comparison. The S and X have basically killed the higher end market for the Germans where I live. However, Musk acknowledge that building cars at volume is 100X more difficult than prototyping and imo probably 10X more than low volume production so the uncertainty needs to be discounted. Not sure what that discount ought to be currently although I am guessing there is too much optimism in the stock. The shorts have no thesis if the latest short article in seeking alpha is representative of the quality of the short thesis. Option market prices two standard deviation risk at +/- $100 in Jan 2018 when we should get a pretty good reading on how well manufacturing S curve is being climbed and whether there are any significant recall issues.
Looks like ISRG will finally get some competition next year. TRXC revealed that they can handle 3 mm microlap instruments and placed system in central Florida Hospital Orlando as principal training center for US. CF hospital has major robotic surgery R&D and training program. 510k Clearance of trxc ALF/Senhance on expected for late this year.
https://seekingalpha.com/article/4094073-transenterixs-trxc-ceo-todd-pope-q2-2017-results-earnings-call-transcript?part=single
High end Tesla model 3 priced at 44K has same range as high end Tesla S.
https://www.bloomberg.com/technology
Motor Trend first drive impressions. Chief designer's personal car.
http://www.motortrend.com/cars/tesla/model-3/2018/exclusive-tesla-model-3-first-drive-review/
from the MT reviewer ---Have I ever driven a more startling small sedan? I haven’t. At speed, it gains a laser-alertness I haven’t encountered before. By happenstance, associate road test editor Erick Ayapana had penciled me into a 2.0-liter Alfa Romeo Giulia to get here, and it feels like a wet sponge by comparison.
Or the inverse EV == GMO and fossil fuels == non GMO. There will be further confirmation of the accelerating transition when the CEO of a major legacy car manufacturer starts riding EVs more than ICE cars. My guess would be Carlos Ghosn.
Look for the US super majors to follow Shell publicly if not privately already. Shell CEO made a matter of fact statement that his next car will be an EV - his CFO currently drives an EV. I assume that the current public statements was already in their analysis years prior to the BG purchase.
Toyota finally giving a hint about their actual direction behind the fuel cell masquerade.
https://www.wsj.com/articles/toyota-nears-major-technological-breakthrough-in-electric-car-batteries-1500985883
Doing the math years ago .... With regards to UK, even without government mandate, EV/renewables is projected to be 70-80% of automobile market by 2040. It is all about batteries getting better and UK north sea sector has more than enough wind.
https://dothemath.ucsd.edu/2011/08/mpg-for-electric-cars/
You must have missed the write up in the WSJ about the lack of interest in building out Keystone. I haven't kept track of latest numbers on Canadian heavy oil production. I doubt the effectiveness of any oil embargo or Trump doing any added damage to Venezuela's self-destruct button pushing.
ALIM/PSDV -
Iluvien post clearance registration study.
https://globenewswire.com/news-release/2017/07/19/1054408/0/en/Positive-Results-Enable-Alimera-Sciences-to-Reduce-Enrollment-in-ILUVIEN-Registry-Safety-Study-in-the-U-K.html
Some earlier comments from retinal specialist.
http://www.retinalphysician.com/issues/2017/june-2017/clinical-pearls-for-iluvien-use-for-dme
Will ISRG finally have a little competition starting next year upon the expected 510K clearance expected late this year of trxc's senhance? I think so because it will reduce instrument cost by a lot. Capital cost is the same as isrg's da vinci xi.
Ok. Glad I was able to get off a few straddles then.
Looks like another occurrence. What could be a reason this time? A few more straddles for fancy latte's.
Maybe this calls for a board with "demographic headwinds".
A well balanced snap shot of the Norwegian EV experience.
http://www.thedrive.com/tech/12323/the-secret-behind-norways-ev-miracle-isnt-oil
Thx wasn't paying attention till your post. Interesting no reaction re ALIM. If it is too small to matter for ALIM, it would seem small to psdv as well so imo it is a right move to reduce expenses and focus on the US market. May nibble more once it settles.
Analyst says oil price to hit $60 by year end. I don't doubt a touch. It is equally probable for a touch of $30 by year end. Saudi oil chief says a severe shortage is looming. Even if true reflects imo desperation to get Aramco IPO out the door.
http://www.barrons.com/articles/oil-prices-could-rise-by-35-later-this-year-1499490955?mod=BOL_hp_highlight_2