"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


Monday, July 3, 2017

The Longfellow Letter

A Watchlist of Interesting Stocks
Free Sample, Issue #3
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 #3,
July 4, 2017​

Interesting Stock of the Week: Biostage, Inc (BSTG)
Price: 0.45
Biotech.
Organ implants that offer exciting hope for new ways to deal with serious illlness. The company has partnered with the Mayo Clinic.
See video: Cell & Gene Exchange, May 2017
https://www.youtube.com/watch?v=1nW5rXxOJXA

Past Picks Hold: GORO, in profit from 3.97; SSN, at loss from 0.53

Past Picks Sell: n/a

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

Oil prices have been a big item lately — with crude plunging below $45 per barrel in recent weeks.

But quiet reports across the industry show costs for oil and gas drillers may be falling even faster than that. With recent studies showing that offshore oil projects may actually be feasible at or near current prices.

That sentiment appears to be trickling through to project activity on the ground. With one first-of-a-kind exploration project announced this week showing that E&Ps are once again going big for offshore targets.

That project is in the Caspian Sea of central Asia. Where an international consortium of companies signed a “historic” deal this week to drill the deepest exploration well ever attempted by the global petroleum industry.

The so-called Eurasia project will be attempted by China’s CNPC along with Italy’s Agip, America’s NEOS GeoSolutions, Azerbaijan’s state oil firm SOCAR, and Kazakhstan’s RN-Exploration and KazMunayGas-Eurasia. With those partners having been cooperating for “several years” already in compiling data and geophysical studies on the play.

Here’s the plan: the partners will now prepare to drill an exploratory well up to 15 kilometers depth targeting oil under the Caspian depression. A feat that would eclipse the previous-deepest well ever drilled, the 12.3 kilometer Kola Bore Hole at Murmansk, Russia.

This will obviously be a massive technical challenge. But the consortium says the prize could be worth it — with estimates suggesting the deep basin here could hold up to 60 billion tonnes (429 billion barrels) of crude.

Interestingly, the consortium is moving ahead with this target without the aid of any major names in the Western international E&P business. Meaning that a success here could mean a major shift in power away from the “big names” in the industry to rising players like CNPC.

No timeline was given for the drilling — watch for further announcements from the consortium on when exactly this record-breaker will come down. It won’t be immediate, but this is a potential gamechanger worth keeping an eye on.

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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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