Month: November 2014

I’m not a big fan of Larry Summers more on style points as he comes off as pedantic and long winded but I have to admit he makes a lot of sense here.  There is a big difference in investing between wishing what you would like to see happen and what will probably happen.  In this case the oil and gas infrastructure and broadband are getting built out in spite of all the things in the Obama administration does to derail it as opposed to support it. Why Larry Summers sees danger ahead for the economyShare on Facebook Share on … Read more

Has Oil Bottomed? Continental Resources Thinks So By Ben Levisohn When Continental Resources CLR revealed that it had cashed in its hedges on the price of oil–earning $433 million in the process–it was also making a big bet on the price of oil rising. Wunderlich’s Jason Wangler explains:…the company put its money where its mouth is or more properly took the money and ran by cashing in its oil hedges through 2016. If nothing else, we like the gutsy move as we agree with the oil price thesis that these levels are unsustainable.Now that Continental has monetized its hedges, at … Read more