Could the US be ahead of the pack when in its economic downturn? “America has had its slower growth, weaker currency, massive housing meltdown and lived to tell about it. Now, with Fannie and Freddie taken into Uncle Sam’s bosom, America is ahead in the global game,” says Dan Denning in The Daily Reckoning Australia…
Even the most savvy investors have been stung by this year’s equity meltdown. Warren Buffett’s investment vehicle, Berkshire Hathaway (NYSE:BRK.A, BRK.B), is down 24% from its peak in December 2007.
Alexander Green says BRK’s drop creates an outstanding buying opportunity. Buffett has an unrivaled track record as an investor. He has always followed a disciplined value-based strategy. And this still holds true today.
BRK.B shares are trading at $3,860, down from a 52-week high of $5,059. This makes them a no-brainer buy right now.
Crude oil is heading for its biggest weekly gain in almost two months as Gustav approaches the Gulf of Mexico.
According to Bloomberg: “Gustav is expected to reach Louisiana next week, passing through a region home to a quarter of U.S. oil output and 14% of natural gas production.”
Hurricanes pass. But over the long term, says energy and oil expert Byron King, we are facing a “profound change” in the future availability of oil. That’s because Western oil companies are being kept away from resources by uncooperative states…
Billionaire Texas financier T. Boone Pickens‘ BP Capital commodity fund dropped in value by 34% in July, according to figures obtained by the New York Post.
Fortunately for Pickens, he has a plan to move away from volatile oil. It’s called the Pickens Plan. It involves converting US cars to run on natural gas instead of petroleum and devleoping a massive wind farm in Texas.
Floyd Brown at Investment U says Pickens has a history of being in the right place and the right time and profiting handsomely. Floyd has picked four stocks to help you follow Pickens’ lead into natural gas and wind energy…
A hectic week on the economic calendar is highlighted by the initial look at second quarter gross domestic product (GDP). Remember, a recession is defined as two consecutive quarters of negative growth, so doomsayers have targeted this week’s release as confirmation of their pessimism.
ConocoPhillips Pumps Profit; Pepsi Sales Improve; Amazon Profit Doubles; Oil Continues to Slide; Northwest’s Almost Profit; Beige Book’s Got the Blues; China’s Google Scores on Olympic Traffic; Chrysler Cuts Jobs.
It’s no great surprise that investors in the energy market are getting rich. But there are many contrarian ways to play this boom. Chris Mayer at DailyWealth says pipeline construction is a hot topic at the moment…
Crude oil prices are through the roof today. The black go rose more than $5 on renewed worries that Israel is about to whack Iran’s nuclear facilities.
According to a report in The Jerusalem Post: “Israel Air Force (IAF) war planes are practicing in Iraqi airspace and land on US airbases in the country as a preparation for a potential strike on Iran.”
High oil prices are here to stay, says John Herring in Investor’s Daily Edge. But stay clear of oil majors if you want to profit. The best way to play the situation is the oil service sector…
But don’t expect oil to stay down for long. High prices are here to stay, and I believe we’ve seen the last…
Siemens Slashes Jobs; Southwest Cozies Up to Canada; VMWare Axes CEO; Office Depot Drops on Dismal Sales; Oil Drops $10 in a Week; Fed’s New Lending Restrictions; Anheuser Busch Sues InBev; ConocoPhilips Strikes Deal with Abu Dhabi
A private-equity consortium headed up by Candover Partners Ltd., a wholly owned subsidiary of Candover Investments PLC, and Goldman Sachs Group Inc. (GS) has boosted its initial bid for U.K.-based Expro International Group PLC (PINK: EXPRF) by 8%, just narrowly beating out Halliburton Company’s (HAL) $3.4 billion (1.71 billion pounds) cash offer.
