Was reading Cramer's comments over the weekend and decided to begin acquiring some oil companies. Cramer likes Occidental Pet. and Marathon, among others.....
OT, Anyone else using the Greek socialist failure's impact on the markets to add to their portfolio?
- Thread starter GregInPitt
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Holly crap, Greg. You sound like J.D. Rockefeller. You "decided to begin acquiring some oil companies?"
MRO and OXY...two perpetual dogs in both down and up markets. If you want to play oil and gas companies, there are far better tickers.
I forget where I read it the other day (I think BBC) but there was some guy claiming the Greek debt crisis was giving him some great returns on Greek or German bonds I think over the last few months (don't remember which). Now he could have been full of it but I was wondering the same about any must buys or sells related to the likely fallout over this mess.
His record speaks for itself...... Is there anyone that has as good of a track record? He makes some bad calls, not admits his mistakes and moves forward, something few others do in the financial world. Or in the message board world ....
Marathon owns the last refinery built in the US (i.e. most modern, and refiners trade at higher multiples), and I believe Cramer thinks they are a potential long term takeover target when industry consolidates. OXY he believes is a solid 4% div play.
Not to my knowledge. However, not sure what my money managers might have up their sleeves.
Also, not sure that this should be viewed as a failure at this point.
Additionally, not clear to me that the oil companies are the way to go. I just don't know. It is clear to me that folks like Cramer are paid shills, so I have that on my mind.
As a whole it's been way over the fundamentals for years. I thought we'd see a pull back two years ago and we didn't bc the FED kept the cost of money low. We almost saw a pullback this year in Q1 (most likely why my Q1 was so incredibly slow) but again the FED decided not to raise rates. As long as they do that for the short term (1-2 years) and no crazy fiscal policy hits (won't until a new pres or congress can agree) I think it will continue on it's current, yet precarious, rise.
I think real estate is still a safer bet and plan on acquiring some properties like St. Charles Place and Marvin Gardens. I have some houses on Vermont Avenue, but I'm thinking of tearing them down and putting up a hotel.
All the hipsters moving onto Baltic Avenue have really increased its valueI just picked up St. James Place. Whaddya think?
Cramer is one of the biggest Dbags in the business. He is an expert AFTER the fact.
I remember when the Vioxx problems hit Merck. MRK was around $50/sh. Cramer being late to the party like always recommended people sell AFTER Merck plunged to $20s. Eventually MRK came back and Cramer put them back on the buy list AFTER they already got back to $50. Total DBag. If you listened to CRamer you would have lost money.
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One word....Argentina! ;-)
http://money.cnn.com/interactive/investing/best-performing-global-markets/?iid=surge-stack-dom
http://money.cnn.com/interactive/investing/best-performing-global-markets/?iid=surge-stack-dom
Every advisor makes bad calls. In fact the only people that have not made mistakes/errors are those that have not done anything.
Your broad generalization about Cramer is hogwash. He has a good record over the years, which is one of the reasons he has had a very long tenure in his show.
Holly crap, Greg. You sound like J.D. Rockefeller. You "decided to begin acquiring some oil companies?"
No, Just trying to make some investments that pay dividends, so I don't have to keep working forever....
From some of the responses I received it seems like many here plan to keep working until they drop dead. Or maybe they plan to move to Greece where there is no work!!!
Cappy not to bust your bubble on Cramer but check this out. Cnbc suspended him at least once for saying one thing while doing the opposite w his money( he said to buy xyz while he was selling xyz). The SEC won't let him manage other peoples money. And he lost all of his hedge fund money. The only money he has left is his kids charitable trust money. You can google all of this. I listen to his Marco calls he is very knowledgable there and how hedge fund traders think. When he talks Indy stocks I turn the channel. I sill think he gets paid for his recommendations
Let's play musical chairs! Who wants to be the bag holder?
Right now the bag holder is the EU and the elephant in the room is Greece.
Anyone who thinks he can time the market is clueless.
Just buy low expense mutual funds or ETFs and never look at them and you will beat 90% of the "experts"..
Bought DBEF, Deutsche Bank ETF today at $28.39. It closed at $28.56 so I'm off to a good start.
Seeing as the OP desired oil ang gas -related investment opportunities affording attractive income, this would suggest that they be looking at solid companies with a demonstrated track record of stable and often increasing dividend yields over time along with capital stability/preservation. What good is a high yield if you lose 2x-3x that yield in share price declines?
The following lists include a number of companies meeting the above criteria. Beware if the ultra-high yields in the List of Indeoendents because these are likely unsustainable for obvious reasons, but the upper half of the Majors list includes some compelling names.
Major Integrateds
http://www.dividend.com/dividend-stocks/basic-materials/major-integrated-oil-and-gas/
independents
http://www.dividend.com/dividend-stocks/basic-materials/independent-oil-and-gas/
By the way, did you notice that MRO fell about 4% yesterday. Did you short it?
On the other hand, I knew a fella who made out quite well on OXY bonds in the day - around 2000. They were highly rated junk and he was buying fairly large amounts at $900 or so. They never defaulted. He ended up a happy camper. The common stock? Eh, no.
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Wait till I buy all the railroads (for fall foliage excursions) and none of you bitches can get to your properties without going through me. Muahahahahhahahah
I am100% right about cramer . Feel free to post his record.
Cramer thought Dykstra was a genius.
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I am a long-term investor when it comes to stocks. Cramer tends to look short-term and is typically behind the curve on individual stocks. My rule of thumb on Cramer is if I am pretty sure I should buy a stock, I see what Cramer says. If he also says "Buy", I stay away. If he says, "Sell" then I am all in.
As for the original poster, maybe an ETF is a good option. Look at IYE if you want to be in the energy sector.
As for the original poster, maybe an ETF is a good option. Look at IYE if you want to be in the energy sector.
Cramers net worth is estimated at 100 million dollars.
That said, you are better off buying low cost index funds and holding them for the long term. If you want to trade or pick individual stocks do it with a very small percentage of your portfolio.
Somewhat simplistic view IMO - the biggest screw-ups here were Germany & ECB (which for all intents & purposes are one in the same...e.g., ECB is essentially central bank of Duetcheland). Way more debt reduction should have been offered in 2008 to try and get Greece stabilised and back on a path of growth. How'd the ECB, Germany's & the IMF's vaunted "austerity program" that was going to get Greece back on a growth track work? I'll tell you how it's worked, Greece's economy (e.g., GDP) has shrunk by 24% since they took Angela Merkel's absurd advice! And you wonder why they aren't looking for more of these morons' absurd "austerity" advice?!?!
BTW, I would be very surprised if they don't work out a deal this weekend which includes significant debt relief & keeps Greece in Euro - a form of "quatitative easing" on the part of Europe & ECB. It is "pro-growth" & should have been done long ago. Assuming the worst is behind us finally regarding the EU's lack of growth & exporting anti-inflation forces, yes you might want to buy oil on a demand pick-up but I would argue it's a bit "early cycle" for that & better ways to play "worst behind us" scenario.
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