"THE MARKET... consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Alexander Elder


Tuesday, June 27, 2017

The Longfellow Letter

A Watchlist of Interesting Stocks
Free Sample, Issue #2
See Comments Section.

1 comment:

Charles Longfellow said...

THE LONGFELLOW LETTER
A Watchlist of Interesting Stocks

Subscription: $19/quarter, Published Weekly
Disclaimer: The Longfellow Letter is not a recommendation to buy or sell stocks. Risks inherent within trading include flash crash, algorithms, front running, slippage and human error. The stocks presented may be of interest to students of the market, or active traders assuming their own risk. The author may have positions, or active interest in any of the stocks mentioned. The author has blogged non-commercially since 2008 at tradingwellandliving.blogspot.ca

Issue #2,
June 27, 2017​

Interesting Stock of the Week: Samson Oil & Gas Ltd. (SSN)
Price: 0.53
An Australian company.
Samson Oil & Gas Ltd. is currently underpriced. It is active or has interests in North Dakota, Montana, Wyoming, New Mexico and Texas.
See 2017 Webcast
http://www.enercomdallas.com/webcast/ssn/

Past Picks Hold: GORO, in profit from 3.97

Past Picks Sell: n/a

Guest Commentary:
Dave Forest, Pierce Points
http://piercepoints.com

I wrote late last year about an unusual trend emerging in oil and gas M&A. Namely, a wave of outgoing global investment from E&P firms in Russia.

And news this week confirmed that Russia is on the rise when it comes to global petroleum deals.

Russian petro-major Rosneft announced that it is near closing on one of its biggest acquisitions ever: India’s Essar Oil. With the company’s CEO, Igor Sechin, telling shareholders at the annual general meeting that one of the last hurdles to the mega-deal has now been removed.

Sechin noted that Essar’s creditors have withdrawn any objections to the Rosneft takeover. Now allowing the deal to move forward.

And the deal is a massive one.

Rosneft itself will buy a 49% interest in Essar. And the E&P firm will bring in Russian investment company United Capital Partners to take a further 24%, while commodities trader Trafigura also buys 24%.

That will give the incoming buyers near-total control of Essar. With the pricetag for the deal coming to $13 billion — making it India’s largest-ever incoming foreign investment.

The assets this opens to Rosneft are significant. With Essar holding a key spot in India’s downstream petroleum industry — including ownership of the country’s second-largest refinery, as well as a network of gas stations.

Beyond the assets, the deal is an important sign of geopolitical alignment. With Russia continuing to play a key role in India’s business sector, and beyond.

That could be a very strategic move for Rosneft and other companies. With India right now attempting to open up more oil and gas development across the country — and holding numerous basins onshore and offshore with big potential.

Russian firms may now have a front seat for such new project opportunities here. Watch for more deals from Russia’s E&Ps in country, and for Rosneft in particular to use Essar as a platform to build a new energy stronghold.

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What is a Bucket Shop?

"Bucket Shop is a specifically defined term under the criminal law of many states in the United States which make it a crime to operate a bucket shop. [2] Typically the criminal law definition refers to an operation in which the customer is sold what is supposed to be a derivative interest in a security or commodity future, but there is no transaction made on any exchange. The transaction goes 'in the bucket' and is never executed. Without an actual underlying transaction, the customer is betting against the bucket shop operator, not participating in the market."
see: Wikipedia

The SEC believes that "internalization" is somehow different, and this affects ALL of your online trading, no matter what you are trading. Trades that are executed outside of the exchange, never reaching the main market, effectively hide data from technical analysis, and skew pricing.
see: Not a bucket?


"... internalization hurts retail customers and market quality"

see: EconPapers

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