Monday, July 21, 2008

Citigroup Q2 Loss Narrows..Buy Citigroup?

So Citigroup Q2 loss was narrower than forecast. Their net loss was 54 cents per share. Compare that to a year earlier profit of $1.24 per share, and you would think that things were bleak. However this was widely expected as Citigroup is part of the mortgage meltdown and this was bound to happen. Now, I'm not saying anyone should run out and buy Citigroup, but they aren't going anywhere. And at these prices, I think that in a few years a lot of people are going to kick themselves for not buying shares below $20 a share.

Thursday, July 17, 2008

10 Banks that Could Go Under

From Consumerist comes a list of banks of bad loans. Their ratio is higher than 1oo, which is come up by dividing the bank's bad loans by the sum of its tangible equity capital and loan loss reserves or "Texas-ratio." Any bank with a ratio higher than 100 means they have more bad loans on the books than money to pay for them. The good news is that all the banks are FDIC-insured.

Friday, July 11, 2008

A Perfect Storm

Unless you have been living in a cave, you know how expensive oil and in turn gas has been. Just read the news today and see how worse it might get. I think it's more important then ever to look at non-traditional ways of getting oil, and the energy stocks that are on the leading edge. Specifically the oil sands stocks. If there is any kind of military action against Iran, oil will shoot up and up and up. I think there is going to be even more interest in the oil sands stocks than there is now.

Tuesday, July 08, 2008

General Electric: Is it a bargain?

Over at BloggingStocks, Steven Halpern believes that GE is a bargain at these multi-years lows. And I agree, because of the diversity of GE's business. The fear among investors is that their financial division is going be bad for the company. I can see that, but they have a wide range of other products and services. And they are trying to expand into China. For the long term investor GE is where it's at.

Monday, July 07, 2008

Alberta Oil Sands on CNN

As I was getting ready for work this morning I overheard their financial analyst talking about Alberta Oil Sands. It proves that people are thinking about oil sands as an alternative to pumping it out of the ground. And with oil prices the way they are, I would say that oil sands is going to be worth the money to process it. This is good news for oil sands stock owners.

Tuesday, July 01, 2008


I've added my blog to Technorati, for those wanting to check it out, here is my Technorati Profile.

Oil Sands Quest Looking Up

Oil Sands Quest(BQI), has been gaining ground as the high price of oil is leading to costlier ways of extracting oil. With $100 a barrel oil looking cheap these days, I see no reason why BQI won't continue to show promise, as I've stated earlier. Right now, they have started the initial drilling of two projects in Northern Saskatchewan in Canada and has bought rights to more propery. Top talent has been added to management and operations. Time will tell how things pan out, but BQI has moved between a low around $2 and a high today near $7 in the last year. Keep an eye out.