SLB

Insiders Largely Immune from Tech Momentum Sell-Off

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The Insider Fund had one of its best weeks this year, largely immune from the Nasdaq market momentum collapse. Investors that lack confidence bail easily.  Nothing engenders confidence more than seeing corporate insiders buying their own stock. The finger points the way to real time results.  If you are interested in our trades, follow us on Twitter.   CASSAVA SCIENCES INC  43.21% IGM Biosciences Inc.    38.01% Party City Holdco Inc.  18.49% FLEXSTEEL INDUSTRIES INC  16.10% GUESS INC  13.94% CHARLES & COLVARD LTD  13.51% Franchise Group Inc.  8.80% Biohaven Pharmaceutical Holding Co Ltd.   7.64% FLOTEK INDUSTRIES INC  6.25%  CRYOLIFE INC  4.51% SCHLUMBERGER LIMITED  4.35% AFFILIATED MANAGERS GROUP … Read more

Some Insiders are Killing it- Everything is UP- Week Ending February 7, 2020

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Wow- did you see our pick of the week, Groupon?  Groupon rocketed over 50% Friday on better than expected quarterly earnings and an enormous short squeeze. GRPN traded 13 times normal volume which makes it prime for a price reversal. I listened to the earnings call and not sure how convincing the turnaround story will be. Didn’t hear on attaboy from the handful of analysts obligatorily covering the fallen unicorn.  It’s still mind number to think they turned down $5.7 Billion from Google. I’m going to make a mental note that when Google offers me $5.7 billion for my company, … Read more

The week ahead April 1st 2013*

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There will be much talk about how the market (S&P 500)closed at an all time high on last Friday. That’s yesterday’s news.  Let’s take a look at the week ahead. April 1:  The market has had an great run.  Let’s hope April Fools Day doesn’t extend to the investing public.  This interesting tidbit from my friends at BTIG shows that the first of April has been a winner 75% of the time.                                         April 1st North Korea bluster. What does it … Read more

Most technicals look poor

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I find few stocks in our portfolio that look like they are headed higher in the immediate future.   Even though oil has had a sharp and steep decline, prices still look like they have room to drop.  The test will come soon though as many oil services and some oil stocks like Hess  are trading at 2008 nadir levels.  At some point soon, these stocks will rise on declining crude prices and signal some kind of trading bottom.  This is the only sector of the market that has had significant insider buying of late. Buying is picking up in … Read more

Superior Energy Services, is it all a sector story? Score Zero

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This is a checklist I use to quickly come to a conclusion on a stock.  I score a stock, each line getting a 1, 0, or -1.  A stock  that scored 1 on each line would be a perfect 10.  Buy it! Some of these items are quite subjective.  For example how would I score Cash Flow?  If a company’s cash flow is much lower than it’s reported earnings, that raises a flag and I would score it a -1.  If there are more insiders buying than selling, I would score it a 1.  If there are no apparent catalysts … Read more

Why Do You Hate The Oil Sector? And Yes, I Do Mean You..

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Watching SLB trade lower and lower is what I’m talking about.  Watching HES and HAL trade into the red is what I’m talking about. Watching BAS get crushed is what I’m talking about.  The market hates oil and oil service stocks.  Period.  Prices are high, these companies are making profits hand over fist, but demand for these companies simply isn’t there.  Despite SLB’s conference call, fracking still offers a major opportunity for these companies.  China is trying to sever their lifeline to coal, and shale drilling is the surgeon.  Sure natural gas is a big black eye, but this world … Read more

J.P. Morgan-” Trading at practically unthinkable valuation levels, Halliburton has by far the most upside..”

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I’ve been losing money on Halliburton for the last month but probably not as much as J.P. Morgan clients.  If you would like to view this report in its entirety , you should call your J.P. Morgan broker.  I’d post it but Merrill Lynch makes me take down everything I post of theirs even though its generally completely wrong.  J.P is generally less vigilant and better, too.   1Q12 Preview – Must Be Close to Capitulation With the mood on the Street about as bad as it can get, earnings season may be just the cure to get all the … Read more

” Pangs – WSJ.com

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I thought this article was interesting.  The drilling companies represent outstanding value and we are long HAL, BAS, SPN.  Good American know how at bargain basement prices.   Energy Shares Suffer ‘Gas’ Pangs Sector is S&P 500’s Cheapest Relative to P/E Ratio as Many Believe Natural-Gas Prices to Stay Low   By ALEXANDRA SCAGGS Despite rising oil prices, U.S. energy stocks are scraping the bottom of the barrel. The world price of crude has climbed 18% this year as rising political tension with Iran has stoked fears of a supply disruption. That is boosting profits at energy companies. Yet investors … Read more

Drill baby drill will be the U.S. national anthem

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If oil is cut off from Iran, it could also impede supply in Iraq as Iran will use it’s influence to cause chaos wherever they can.  There is significant potential for an Israeli strike against Iran before the U.S. Presidential elections.  Israel would want to use its leverage before the outcome of the election is certain.  One thing looks clear to me.  If there is a major disruption of oil from the MidEast, “Drill Baby Drill” will be the U.S national anthem. Buy OIH, the ETF.  Buy HAL, SLB, BAS,WFT probably just about any driller for oil will work well.    

Iran, Nuclear Policy, and America: An Investment Opportunity In Disaster?

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  We have a delicate balancing act at hand between the threat of an emerging nuclear power, our rapacious thirst for oil, and responsible diplomatic policy.  The consternation in the air is palpable, bringing to mind Buffet’s famous words “Be fearful when others are greedy and greedy when others are fearful”.  So how does one put such words of wisdom into an actionable trade idea?  Since going long nuclear fallout seems short sighted, let’s look at how to take advantage of a potential event driven jump in the price of oil once we fully grasp the situation at hand. At … Read more

‘s got it right CNN or WSJ?

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There are major implications for short-term trading here.  Natural gas E&P companies were the biggest gainers today while the drillers like BAS were some of the biggest losers on the idea that natural gas prices are bottoming since Chesapeake Energy announced major curbs on drilling due to collapsing natural gas prices.  If Obama sounds sympathetic to nat gas and promotes it in any kind of meaningful way, BAS and others could rocket. State of the Union to offer a blueprint for the economy By Jessica Yellin, CNN Chief White House Correspondentupdated 5:29 PM EST, Mon January 23, 2012 A source … Read more