RIG

One way this is not like 2008, Insiders are NOT Buying -Insider Buying Week 3-10-23

by

This is LIKE 2008, contrary to what you may have heard about the recent Silicon Valley Bank failure.   Banks either don’t want to pay competitive deposit rates or can’t.  Competing with Fed Chairman Powel’s ~5%  treasuries is hard. Actually no banks can compete with it. Vast sums are being withdrawn from the banking system. Ironically the stock market is on the only place you will be able to compete with the yield crisis that the Fed is precipitating.  Many solid companies are paying good dividends with the likely prospect of raising them.  So tell me, how is this not like … Read more

Massimo and Apple Showdown coming soon to a screen near you-other notable Insider Buys

by

Learn How You Can Become an Insider Too – Click Here   The reality of significantly richer returns on risk-free assets like U.S. Treasuries has taken hold of investors’ psyches. The marginal excess returns that the stock market is likely to provide over the 10 Year Treasury are still mildly attractive. Considering the historic return of the stock market is 7.5%-8%, is the 3.7% to 4.18% risk premium above yesterday’s 3.82% 10 Year Treasury Yield worth it?  For some retired investors losing sleep over the market’s gut-wrenching volatility- the answer is clearly no.  Years of financial repression are over for … Read more

‘t Lighting it Up

by

For trade, details click on this link to the trades  The S&P was up 2% for the week and is up nearly 15% YTD.  No one knows what the direction is for the next six months but I would not take the under. Perhaps the most unusual thing is the supply of money seems endless. I think it’s a record year for IPOs, almost daily SPAC issuance, and all kinds of new and quite stupid crypto investments. It really seems such a waste that so much brainpower and money have gone toward solving problems that don’t exist.  The centralized finance … Read more

Is it time to buy oil and gas stocks? Well,the results of insider buying might surprise you

by

The big name E&P companies apparently don’t think their stocks are cheap enough yet to buy. Buying is sparse considering the meltdown in share prices.  The following are the brave souls who are catching a falling knife.  Most are in secondary names, many of which you won’t recognize. BCEI BONANZA CREEK ENERGY INC $2B BOONE LYNN 12/5/2014 Purchase 11,000 $21.01 BCEI BONANZA CREEK ENERGY INC $2B CARTY RICHARD J 12/5/2014 Purchase 30,000 $20.90 CRC CALIFORNIA RESOURCES CORP n/a KORELL HAROLD M 12/5/2014 Purchase 100,000 $6.31 CRC CALIFORNIA RESOURCES CORP n/a ALBRECHT WILLIAM E 12/1/2014 Purchase 20,000 $7.48 CAM CAMERON INTERNATIONAL … Read more

Transocean Stock Appears to Have Bottomed – Barrons.com

by

A Smooth Transition for Transocean By DIMITRA DEFOTIS | MORE ARTICLES BY AUTHOR With the oil field service company’s stock near a 52-week low after CFO Ricardo Rosa suddenly resigned, we see deep value.   After losing almost half its value last year, Transocean lost its chief financial officer, Ricardo Rosa, who resigned abruptly Thursday after just two years on the job. However, with the oilfield services company’s stock hovering near a 52-week low of $38.21, we think it’s time to give it a second look. Shares of Switzerland-based Transocean (ticker: RIG), which fell 1.5% Friday to $39.08, were one of the … Read more