5Vote!
SeekingAlpha.com (Free subscription) | 10/29/2009
Michael Fitzsimmons submits: Tuesday night I spent commercial time doing my annual piggy bank "roll up." Yup, I am one of those people who dump their spare change into a large glass piggy bank and once a year pull it out and roll up the coins. As I was rolling up the coins, it dawned on me how non-precious they have become. The pennies are no longer significantly copper, the...
3Vote!
SeekingAlpha Energy Stocks (Free subscription) | 10/29/2009
Michael Fitzsimmons submits: The ConocoPhilips ( COP ) quarterly earnings conference call was noteworthy for a couple of different reasons. First, the company seems to be taking logical steps to address its debt issues in light of new realities. Although several oil analysts suggested COP would sell off its Lukoil ( LUKOF ) stake, company executives took any potential Lukoil divestitures...
6Vote!
SeekingAlpha.com (Free subscription) | 10/18/2009
Michael Fitzsimmons submits: Recently the DJIA passed through 10,000 once again. It was definitely more fun on the way up than it was on the way down. Achieving the 10k milestone again was interesting for a number of reasons, not least of which were comparisons based on when the DJIA first crossed 10,000 in March of 1999 ten years ago. That is a long enough time to draw some long term...
3Vote!
SeekingAlpha Energy Stocks (Free subscription) | 10/13/2009
Michael Fitzsimmons submits: Kopin Tan recently wrote an article in Barron’s entitled “ Get Ready for the Oil Age to End ”. The article cites Paul Sankey’s opinion that electric and hybrid vehicles are game changers and the decline in U.S. gasoline demand as backing up the title’s claim. Further, the article states that competition from natural gas will...
3Vote!
SeekingAlpha Energy Stocks (Free subscription) | 10/09/2009
Michael Fitzsimmons submits: The following chart displays the ticker symbol, price, yearly dividend, and current yield for a few of the world’s largest oil and gas companies. The data is presented is as of the close on October 8, 2009. Dividend yields were obtained or calculated from online financial service data and/or individual oil company websites. I apologize in advance for...
3Vote!
SeekingAlpha Energy Stocks (Free subscription) | 10/07/2009
Michael Fitzsimmons submits: I'll keep this short. As I have been writing for the past year, those American policymakers (and I include here both Bush, Paulsen, Obama, Geitner and Bernanke) who think the solution to foreign oil addiction is financial tom-foolery are locked into a failed strategy and need to read this article by Robert Fisk in the Independent. Please read my previous...