Posts Tagged ‘Bud Danenberger’

Oil Rig Expert Talks About Oil Spill In Gulf; Rain, Choppy Seas Halt Cleanup; Spill Images

Oil Rig Expert Talks About Oil Spill In Gulf; Rain, Choppy Seas Halt Cleanup; Spill Images

Courtesy of Mish 

CNN talks with oil rig expert Bud Danenberger on the rig failure in the gulf and the potential for the oil spill. Click on link to see video. Another video follows.

Oil slick spreads from sunken rig

Rain, Choppy Seas Halt Cleanup

Please consider Rain, choppy seas halt cleanup near sunken oil rig

Choppy seas, strong winds and rain halted Saturday’s cleanup of an oil spill around the massive oil drilling rig that exploded and toppled into the ocean off the Louisiana coast.

Eleven workers are still missing from the Deepwater Horizon rig that sank Thursday about 50 miles from Louisiana’s coast. They are presumed dead.

The bad weather rolled in Friday, bringing with it strong wind, clouds and rain that interrupted efforts to contain the oil spill. Petty Officer Erik Swanson of the Coast Guard said cleanup would resume once the weather cleared.

The cause of Tuesday’s massive blast off the Louisiana coast is unknown. On Friday, Coast Guard officials suspended the three-day search for the missing workers.

An undetermined amount of oil has spilled from the rig, though Swanson said Saturday morning that remotely operated vehicles had not yet detected any leaking oil from the well or rig. However, crews are closely monitoring the rig and well for any more crude that might spill out.

An oil sheen appeared to cover an area about two miles wide and eight miles long Friday afternoon.

BP, which is taking the lead in the cleanup, said it has activated an extensive oil spill response, including the remotely operated vehicles to assess the well and 32 vessels to mop up the spill. The Marine Spill Response Corp., an energy industry cleanup consortium, also brought equipment. …

BP PLC, which leased the Deepwater Horizon, opposes what it says are "extensive prescriptive regulations."

Rough Seas, Thunderstorms Threaten Oil Spill Area

From the Weather Channel: Rough Seas, Thunderstorms Threaten Oil Spill Area

While crews race to contain the Gulf of Mexico oil spill, severe weather and a period of rough seas this weekend will threaten the area as a line of thunderstorms is forecast to move through the region.

Thunderstorms will sweep west to east through the area, bringing thunder, lightning and up to several inches


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Zero Hedge

Uncontrolled Refugeeism Will Be The Undoing Of Now-Ruling Political Class

Courtesy of ZeroHedge. View original post here.

Authored by Ben Tanosborn,

Donald Trump, Marine Le Pen, Viktor Orban, Nigel Farage and myriad other populist, right-wing leaders sprouting over much of the Western World, are being tagged by the political ruling class as an  ill-conceived, hate-fest phenomenon; and often portrayed as the mutant offspring of fascism.   Such interpretation, however, might be only serving as ear plugs against the loud, real voices of people who fear a real th...



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Phil's Favorites

Job Openings vs. Number of Unemployed; Is Being Unemployed Just "Bad Luck"?

Courtesy of Mish.

Washington Post writer Matt O’Brien proposes Getting Stuck Without a Job is Mostly a Matter of Bad Luck.

That notion is ridiculous.

While there may be instances of “bad luck”, in general, the employees with the weakest skills were the first to be let go and the last to be rehired.

O’Brien did post some interesting charts about the length and strengths of recessions vs. long term unemployment.

That chart is interesting, but all it really does is quantify what shou...



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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

Buying the Deepest Stock Dips in 2016 Returned Three Times S&P 500 (Bloomberg)

It’s been a great year for catching falling knives.

Big Week Ahead Highlighted By Fed Meeting, Key Earnings, GDP Estimate (Forbes)

The recipe for this coming week? A stew of earnings, peppered with data and a Fed meeting. Also ahead: A first look at estimated Q2 gross domestic product.

...



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Chart School

NYSE Margin Debt and the Market

Courtesy of Doug Short's Advisor Perspectives.

Note: The NYSE has released new data for margin debt, now available through June. We've updated the charts in this commentary to include the latest numbers.

The New York Stock Exchange publishes end-of-month data for margin debt on the NYX data website, where we can also find historical data back to 1959. Let's examine the numbers and study the relationship between margin debt and the market, using the S&P 500 as the surrogate for the latter.

The first chart shows the two series in real terms — adjusted for inflation to today's dollar using the Consumer Price Inde...



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ValueWalk

Relypsa Inc (RLYP) Soars On Galenica Bid

By Jacob Wolinsky. Originally published at ValueWalk.

Relypsa Inc (NDAQ:RLYP) — to be acquired by Galenica AG (VTX:GALN) for $32 per share in cash is soaring this morning up about 58 percent at the time of this writing in early morning. On the other hand shares of Galenica are down on the announcement by about 8 percent. What are the details of the deal? Here is what the sell side analysts are saying about the pharma news.

Relypsa Inc (NDAQ:RLYP) bid – analysts react

Cantor Fitzgerald

Relypsa will be acquired by Galenica for $32 per share, a 59% premium over the last closing price. We have thought that Relypsa would likely be acquired at some point, given the opportunity to grow Veltassa to be a significant commercial brand, ...



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Kimble Charting Solutions

Doc Copper going to peak again at 200 Day moving ave?

Courtesy of Chris Kimble.

Doc Copper is often viewed as a leading indicator, for global growth or lack of.

The 200 day moving average is often viewed as the line in the sand to determine if an asset is in an up or down trend.

Is Doc Copper climbing above its 200 day moving average a good or bad sign?

Below looks at Doc Copper over the past decade with the 200 MA applied.

CLICK ON CHART TO ENLARGE

Copper peaked in 2011 and since, has continued to create a series of ...



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Digital Currencies

Demystifying the blockchain: a basic user guide

 

Demystifying the blockchain: a basic user guide

By Philippa Ryan, University of Technology Sydney

Companies around the world are exploring blockchain, the technology underpinning digital currency bitcoin. In this Blockchain unleashed series, we investigate the many possible use cases for the blockchain, from the novel to the transformative.

Most people agree we do not need to know how a television works to enjoy using one. This is true of many existing and emerging technologies. Most of us happily drive cars, use mobile phones and send emails without knowing how they work. With this in mind, here is a tech-free user guide to the blockchain - the technology infrastructure behind bitcoin...



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OpTrader

Swing trading portfolio - week of July 18th, 2016

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Mapping The Market

No wonder Saudis are selling as much as they can!

Courtesy of Jean-Luc

We are getting much more energy efficient – no wonder Saudis are selling as much as they can! Who wants to be the one with trillions of dollars of oil in the ground unwanted:

http://arstechnica.com/science/2016/07/the-amount-of-energy-needed-to-run-the-worlds-economy-is-decreasing-on-average/#p3

...

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All About Trends

Mid-Day Update

Reminder: Harlan is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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Biotech

This Is Why Biotech Stocks May Explode Again

Reminder: Pharmboy and Ilene are available to chat with Members.

Here's an interesting article from Investor's Business Daily arguing that biotech stocks are beginning to recover from their recent declines, notwithstanding current weakness.

This Is Why Biotech Stocks May Explode Again

By 

Excerpt:

After a three-year bull run that more than quadrupled its value by its peak last July, IBD’s Medical-Biomed/Biotech Industry Group plunged 50% by early February, hurt by backlashes against high drug prices and mergers that seek to lower corporate taxes.

...



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Promotions

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We know you love coming here for our Stocks & Options education, strategy and trade ideas, and for Phil's daily commentary which you can't live without, but there's more!

PhilStockWorld.com features the most important and most interesting news items from around the web, all day, every day!

News: If you missed it, you can probably find it in our Market News section. We sift through piles of news so you don't have to.   

If you are looking for non-mainstream, provocatively-narrated news and opinion pieces which promise to make you think -- we feature Zero Hedge, ...



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Help One Of Our Own PSW Members

"Hello PSW Members –

This is a non-trading topic, but I wanted to post it during trading hours so as many eyes can see it as possible.  Feel free to contact me directly at jennifersurovy@yahoo.com with any questions.

Last fall there was some discussion on the PSW board regarding setting up a YouCaring donation page for a PSW member, Shadowfax. Since then, we have been looking into ways to help get him additional medical services and to pay down his medical debts.  After following those leads, we are ready to move ahead with the YouCaring site. (Link is posted below.)  Any help you can give will be greatly appreciated; not only to help aid in his medical bill debt, but to also show what a great community this group is.

http://www.youcaring.com/medical-fundraiser/help-get-shadowfax-out-from-the-darkness-of-medical-bills-/126743

Thank you for you time!




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