Simply Politics & News

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I'll try this again from post 502, and 499. Only a portion of it posted. GS, and the Carlyle Group who are apparently bedfellows, and whose stockholders consisted of the Bin Laden family, and maybe still do?, oh yes!, Bush sr., was also in attendance in NY at a stockholders meeting just prior or during the occurrence of 911, they had just purchased the company that manufactured the Abrams Tank.

If they can't generate revenue from the orperations, what all will become of the $1.15b? from this IPO?, guess its about time to start spinning the next generation if IPO's. GS has one plan and one plan alone, how to sell this stock, and play the options, to rake in as much as they can, and still hold a position at a cost per share that is so low that they are assured to never lose a nickel, even if fall well below its strike price they will be way ahead of the game.

I guess pocket change when we consider that GS received a $11b dollar payout from taxpayers that was owed to them by AIG to cover their bets from CDS insurance. Another $10b or so Paulson force them to take..........what punishment!.........Don't know if the Carlyle Group received money but it wouldn't be surprising to learn they had. GS was the largest of all Hedgefunds, who says the govt won't back their derivatives, or their trading acitivities?

http://finance.yahoo.com/news/Cobalt-International-files-apf-906203149.html?x=0&sec=topStories&pos=main&asset=&ccode=

Cobalt International files for IPO
Oil exploration company Cobalt International files for IPO
On Saturday September 5, 2009, 3:40 pm EDT
Buzz up! 25 Print
Companies:Energy, Inc.International Energy Inc.
NEW YORK (AP) -- Oil exploration company Cobalt International Energy Inc. said it plans to raise up to $1.15 billion with an initial public offering on the New York Stock Exchange.

The filing was made Friday with the U.S. Securities and Exchange Commission. Cobalt plans to apply to list its common stock under a "CIE" ticker.

Money raised from the IPO will be used for drilling and exploration through 2011, as well as for general corporate purposes, the company said in its filing. The 4-year-old company said it doesn't expect to generate any revenue from production before 2012.

Cobalt, based in Houston, explores reservoirs in the deep-water basins in the Gulf of Mexico and West Africa. Investors in the company include Goldman Sachs, The Carlyle Group and First Reserve Corp. CEO Joseph Bryant is a former president and CEO of Unocal Corp. He also worked at BP and Amoco.

The number of IPOs so far this year has been paltry compared to the hundreds of companies that went public just a few years ago. "But the pace has picked up recently with the stock market's recovery".