AFF Member Stock Discussion

[cove]

Wait patiently for a $12.50 entry price as they only pay about 65 cents in dividends a year. No need to pay too much for any toll road share.

 

[RSD]

Well @Mr_Orange We are less than a week away from our trip to the US. We have a Costco one block from the Cove and Macy’s and Ralph’s are my favourite retailers in California..

I'm a sucker for Cabela's - mainly because they sell trousers in short lengths as well as regular, and shirts & jumpers etc in long lengths for people like me who were assembled from a mishmash of parts.
Someone is using an algorithm on AUQ to keep accumulating - its interesting to watch the algorithm at work.

 

[cove]

Have four trading days before we take off. Have various share purchase offers to review .Today I caught up with paperwork.
Listened to a submission from Buru tonight.That is a $20 million valued business that really needs $20 million from a share purchase offering.
Strike’s SPP is currently out on price.
We haven’t made any real profits from oil and gas this decade.

 

[RSD]

Have four trading days before we take off. Have various share purchase offers to review .Today I caught up with paperwork.
Listened to a submission from Buru tonight.That is a $20 million valued business that really needs $20 million from a share purchase offering.
Strike’s SPP is currently out on price.
We haven’t made any real profits from oil and gas this decade.

Oil is a difficult game due to a factor that is somewhat unpredictable - OPEC. OPEC (read the Saudis) are happy for the oil price to be quite low at the moment as they try to once again mess with the U.S. shale oil producers - most shale fields aren't profitable with oil prices at sub-US$78 per barrel, and so with current prices for light crude grades at around US$62 for WTI and US$70 for Murban, the shale oil producers are really suffering, and conventional crude producers won't have smiles on their faces either. Typically though, when crude oil prices are low the refining margins are higher than normal so companies that both produce and refine will be still be OK, and companies that are purely refiners tend to do quite well - as long as they don't suffer an "unexpected outage" (i.e. a major fire in a refinery).