coorslite21

Great thread !

code Error code: 2F173/H went to post on a topic and this came up and the topic was gone as well? Thanks in advance

Think about, and research this Rock……& BTW thanks for the kind words…….I don’t know any more than you, or anyone else on all of this……I just read a lot and have some unique life experiences….. Banks in the USA do not sell, or deal in IQD as a rule. However, if you are traveling to Iraq, and can prove it…..or you are a business doing your business over there, the Big 4 Banks can hook you up with Iraqi currency. The exchange rate is high and you would do better just exchanging in the green zone when you get there, or use a Schwab account that has no fees for an exchange event. The Peoples Bank of China….PBOC…….and multiple banks in Singapore and Hong Kong will sell you / exchange IQD……I know this first hand……..You will need to be an account holder with these banks to complete these trans-actions. Furthermore……There are about 60 countries using the Central Banking system. Many of these are required to hold currencies of the countries they do business with. If the IQD was worthless why would these banks affiliated with the Central banking system be required to hold these funds……again…..…if they were worthless? I understand your thought process in all of this……..you might just dig a bit deeper. Wish you well! ++++++++++++++++++++++++++++++++++++++++++++++ Great post Yota.....!!!

Great thread...... The US has always been a leader in low fuel costs..... Today in Singapore the price is SGD $2.15 per liter, which is about a quarter of a gallon....that conversion...... 1 SGD equals 0.736692 U.S. dollars. Hong Kong is higher.

Pretty good Rock.............Any points I have posted about the BIS have nothing to do with anything in your post. Your entire post on Shabibi and 2010 is pure speculation on your part. In the future if you want to post on fantasy and speculation please don't use my screen name to try to validate your thought process. Nice to see you posting again though, stay well.

An additional thought to Adams original post. The CBI is one of 60 Central Banking institutions that are controlled by the BIS. The BIS controls the worlds finances including the Federal Reserve of the USA. When the CBI gets the go ahead from them, is when we'll see the change in rate........we will see that change on the CBI site, and we will all see it at the same time.........JMO http://www.bis.org/about/ About the BIS - overview Established on 17 May 1930, the Bank for International Settlements (BIS) is the world's oldest international financial organisation. The BIS has 60 member central banks, representing countries from around the world that together make up about 95% of world GDP. The head office is in Basel, Switzerland and there are two representative offices: in the Hong Kong Special Administrative Region of the People's Republic of China and in Mexico City. The mission of the BIS is to serve central banks in their pursuit of monetary and financial stability, to foster international cooperation in those areas and to act as a bank for central banks. In broad outline, the BIS pursues its mission by: fostering discussion and facilitating collaboration among central banks; supporting dialogue with other authorities that are responsible for promoting financial stability; carrying out research and policy analysis on issues of relevance for monetary and financial stability; acting as a prime counterparty for central banks in their financial transactions; and serving as an agent or trustee in connection with international financial operations. Monetary and financial stability is a precondition for sustained economic growth and prosperity. Reflecting the public good character of this goal, the BIS also makes part of its work available free of charge to the wider public, including: its own analyses of monetary and financial stability issues; international banking and financial statistics that underpin policymaking, academic research and public debate. With regard to its banking activities, the customers of the BIS are central banks and international organisations. As a bank, the BIS does not accept deposits from, or provide financial services to, private individuals or corporate entities. Related information Annual Report Mission statement Organisation chart (PDF) The BIS in profile

Dr. Clarke just may be another creation of the RECRAPS site.....just like "Mt. Goat" and "The Wife in the Know". among others........anything to pump up the sales of those who sponsor them.........Fiat Currencies have failed every time through out history and if you study the petro-dollar you will see that the US is losing a huge advantage daily as countries by-pass using USD exclusively to purchase oil. I will add to this post as I have more time. I have posted a great deal on these 2 subjects here on DV in the past.........just do a search.... Perhaps Mr. Clarke is the know-all, and wisest ever "GOOROO" we have ever seen post......... JMO.......I don't buy much, if any, of what he's selling....

Religion and politics......two areas to avoid..........but.... I am anti-establishment Government. What we have now is broken. Clinton is part of what we have.......Early on Trump seemed like he might be the answer, however of late he just can't seem to get out of his own way...... Sanders, the Socialist, is a joke.....but yet I bet he would be an interesting and fun guy to hang out with and get to know......... With all that........Clinton will be the nominee and the Obama led DOJ will not prosecute even though she is a criminal. Trump will also be the nominee...... Sanders will run as an independent...... The establishment Republicans will run someone as an independent.............Bush, Romney...........who knows?? The system is set up so that the elected President needs 270 electoral votes to be declared the winner.................divide that by 4 and no one gets there......... The Constitution says if this happens that Congress gets to choose the next President....... and the Congress is controlled by the Republicans...... (There is some fine print to this process.........but interesting just the same.......) Of course is some type of event, (declared war, Marshall Law).....elections would be postponed......one more possibility........... To a degree I agree with all of you...........personally I am very disappointed with where we are as a country!

PD41 You could be right about this, and you might be right about the RD. As big and bad as ISIS seems to be, perhaps they are not “all that”. History illustrates people and groups like these sprinkled through time…………. and it always ends the same for them. Specifically to your statement on the ISIS holdings of IQD………and remembering that as with most current central banking systems that only about 10% of currency is physical, the other is digital, you should take a look at these 2 articles. http://www.bbc.com/news/world-us-canada-35291574 The point of this next article is that they are targeting these banks. http://www.newsweek.com/us-led-coalition-targets-isis-banks-mosul-strikes-426604 The US has an advantage in IT capabilities over ISIS. This advantage is being used to slowly but surely hunt down these ISIS electronic trans-actions and close down the sources. So you destroy what they have………….and you also cut off the flow of cash. The Russians came in and did the common sense thing and blew up the pipe lines and tanker convoys known to be supplying ISIS oil for money. http://www.christiantoday.com/article/us.russian.jets.team.up.for.first.time.to.destroy.isis.oil.field.pipelines.in.syria/68628.htm https://www.rt.com/news/322614-russian-warplanes-isis-oil-trucks/ ISIS is being diminished every day, but because ISIS is so brutal they get a lot of press. Most of the weapons they have are what we left behind or Malaki arranged for them to have when he ordered his troops to with draw from various sites and leave everything behind. I agree with you on the short comings of Obama, but all of this is much more involved than just his incompetence. Lastly, thanks for posting your opinion. This is what makes this site a good one. People can discuss opinions respectfully without being bounced out. I am glad to hear that your wife will be keeping her IQD a while longer. My fear for you is that you might have to live a life time of hearing “I told you so” from that same Lady! Enjoy your day!

Thank you Yota for all of the great information you supply us with every day! I hope you have a great 3 day weekend! I believe I read some where that they needed 167 in attendance for a quorum......the picture makes the crowd in the room look a bit sparse......a few weeks ago when the masses were allowed into the Parliment my understanding is that they damaged it, but that the main reason for holding the gatherings in the new location was security.......no response required or requested, just rambling on with some thoughts of today........ Thanks also to every individual who posts on DV for the thought providing posts you make........Enjoy the 3 day weekend.......remember all those who have given for us.........freedom is not free !

Looking at everything, at this moment in time.......SDR's included...... I am coming up with a rate of 1 IQD being equal to 1.158 USD........this changes every day with the calculations I use.....but 1-1 seems reasonable as an exchange rate in the future..........JMO..........and I could be as right, or wrong as anyone !!!!

Thank you Yota....Excellent posts!

JR, It is alright to want to gain knowledge on the IQD. There are a number of sites that offer that opportunity. As much fun as Thug is you should take heed of his posts as he is one of the very knowledgeable posters on this site. Recaps is a site created to make money for the owner, American capitalism at its best! It is unfortunate that this money is being made by often mis-leading people or sensationalizing the story. There have been many other posters created who just vanish when their usefulness erodes. (OKIE and Wife in the Know being 2 of many) You won’t find many Adam Montana postings on Recaps because he isn’t flashy or sensational in his predictions…….(same old HCL prediction which needs to happen before we see any of this!…….) There are sites you can visit to see what different websites make $$$$ in a day, and what their value is. The site below indicates Recaps makes about $212 every day and this is without Adsense. Adsense (google it to learn how it works) can easily double that amount. Not a bad income for cutting, pasting and embellishing stories. Recaps is all about making money for the websites ownership, plain and simple! They only allow comments from adoring “fans” who agree with what they post and many of the favorable posts sound as if they are written by the Recaps ownership themselves. You will see that Dinarvets is not about generating website revenue. Adam does offer some premium services, but you get something of value from them. RECAPS http://www.freewebsiteinfo.org/****************.com ****************.com is worth $ 152,640.00 1 2 3 4 5 2.65 Rating by Freewebsiteinfo.org ****************.com was registered 4 years 10 months ago. It has a alexa rank of #54,502 in the world. It is a domain having .com extension. This site has a Google PageRank of 3/10. It is estimated worth of $ 152,640.00 and have a daily income of around $ 212.00. Furthermore the website is generating income from Google Adsense. As no active threats were reported recently, ****************.com is SAFE to browse. If you really want to look into the value of a website and the many areas that make a website valuable you might look into Alexa. You can learn all kinds of things there. ( such as, the google website alone is worth almost 9 billion $$$ USD ) http://www.alexa.com/ Keep learning and studying !!

Adam, The news is telling us that the Iraqi government is just barely functioning. Do you believe Abadi is losing control of the situation? IYO, why is Malaki still in the mix and/or why hasn't he been removed? Recent bombings in Baghdad, 69 killed in 3 bombings today, also indicate some loss of control. In general, please share your thoughts and concerns with what we are seeing in the most recent news. Thanks

With the vast reserves in the Bakken area...(Dakotas).... I believe with the fracking technology, that is only improving,...... that we will never see prices like this. I believe green energy has a better pay back at lower cost than these prices as well..... and the US has the technology in place to switch over to the use of hydrogen.....of which there is an excess........H2O......lot's of Hydrogen........ Jimmy Carter, among other things, was by education a Nuclear Physicist. His administration laid the ground work for the use of hydrogen fusion as an every day energy source. The big oil lobby made sure all of that was put on the back bunner. So not sure I am buying this article.....JMO But keep bringing them Yota........you are the best!!!

Follow the money: inside the world's tax havens From the Cayman Islands to Jersey, tax havens are busier than ever – a secretive world of offshore accounts and shell companies. Nothing to do with you? Then you win my Hermit of the Year prize Nicholas Shaxson An employee of Jetpack Cayman demonstrates the sport which costs $359 for half an hour. ‘The jetpack is zero gravity, the Cayman are zero taxes, we are in the right place!’ said Mike Thalasinos, owner of Jetpack Cayman. Photograph: Paolo Woods and Gabriele Galimberti/INSTITUTE Nicholas Shaxson Friday 19 June 2015 14.38 BSTLast modified on Saturday 20 June 201500.10 BST Share on Pinterest Share on LinkedIn Share on Google+ Shares 5,615 Comments 278 Save for later You, dear reader, are a prolific and casual user of offshore tax havens. I’m assuming you don’t live in a cave or in a remote hunting community. Even if you did, though, you’re probably a dabbler: you have little choice. Many people, and perhaps you’re one of them, share a queasy feeling that something has gone badly wrong with the world economy – but can’t quite put their finger on what the source of the trouble is. Once you understand the nature of offshore tax havens, you should feel closer to pinning down the answers. Before I explain what they are, and why powerful governments don’t just close them down, I want you to take part in a short challenge. See if you can dodge all my bear traps, and declare yourself untainted by tax havens. If you succeed, you win my Hermit of the Year prize. Inside the secret world of tax havens – in pictures View gallery Do you celebrate Christmas? If you do (or even if you do not), did you buy any gifts on Amazon last December? If so, then your goods were quite likely to have been routed through a byzantine world hosted – only on paper, you understand – by the Grand Duchy of Luxembourg, where Amazon has located its European headquarters, slashing its tax bills around the world. In 2011, Amazon revealed that the US Internal Revenue Service was chasing it for $1.5bn in back taxes. More recently, Amazon has said it will stop routing its UK sales through Luxembourg. Perhaps you shun Amazon. You buy only local products: good for you. But did you search for any gifts online? Did a company called Google play any role in this? In 2011, Google shuffled four-fifths of its profits through a subsidiary in the tax haven of Bermuda, cutting its worldwide tax rate in half and its tax rate in some countries to nearly zero. Google boss Eric Schmidt said in 2012 he was “very proud of the structure that we set up… it’s called capitalism”. You’ve never used Google? OK, let’s say you did all your shopping in the real world: traipsing around your local stores, picking up homemade wooden artefacts that you could weigh in your hands. Wonderful. You’re nearly there. But not quite. Did you listen to any music on those days? Let’s hope iTunes wasn’t part of that picture. The tech giant Apple achieved what Senator Carl Levin called, in 2013, the “holy grail” of tax avoidance, setting up offshore corporations legally incorporated in Ireland and the US – but for tax purposes, not resident anywhere.Apple shifted $74bn into one of these subsidiaries between 2009 and 2012, paying 2% in tax on it. Let’s cut this challenge short. Did you at any point consume the services of any of these: AIG, Aviva, Barclays, Black & Decker, British American Tobacco, Burberry, Citigroup, Deutsche Bank, Facebook, FedEx, GlaxoSmithKline, Ikea, HSBC, JP Morgan, Microsoft, Pepsi, Skype, Starbucks, Vodafone or Walt Disney? This is just my quirky personal selection from a list of more than 350 multinationals whose convoluted tax schemes were revealed last November by a whistleblower, working for one accountancy firm, PricewaterhouseCoopers (PwC), in one European tax haven, Luxembourg. The stories you need to read, in one handy email Read more The revelation provoked a scandal that has become known as Luxleaks, involving tens of thousands of documents, a whole menagerie of Luxembourg-based tax schemes. What happened, as a result? Three people are currently being pursued by the courts, accused of violating trade secrecy: the main whistleblower, a diffident and bespectacled 28-year-old Frenchman named Antoine Deltour; a second, anonymous whistleblower; and a French journalist, Edouard Perrin (who first helped publicise the leaked data and is being pursued as an accomplice). It should be noted that everything these companies are doing is legal: it’s what we call tax avoidance or planning – not evasion. But the point I want to make is that tax havens are everywhere. It’s like The Matrix. I can’t stress strongly enough how everywhereish they are. And, until recently, who even noticed? Tax havens’ defenders say they smooth the flow of capital around the world, removing roadblocks and red tape. But what are those roadblocks? Taxes, regulation and democratic laws. Havens are places where you can put your wealth in order to escape the rules at home. Those rules might be around tax, or criminal laws, or rules about transparency and disclosure, or financial regulations. (It’s not always about the tax.) You don’t have to put your wealth itself in the tax haven. It is the legal structure that owns the wealth – the shell company, the trust, or whatever – that usually matters. The asset itself – the thing you own – can be anything, anywhere. It could be a painting or a Learjet or a Swiss bank account, or a luxury home in Mayfair that the owner – let’s say a Ukrainian oligarch – is currently using for the benefit of his daughter. Instead of owning the house directly, the oligarch owns the house via an intermediate structure in a tax haven. The land registry records won’t list the oligarch’s name, but the name of some anonymous offshore shell company. And when you go to find out who owns that company, you’ll come up against a brick wall. This can all take a bit of getting used to, even for people with wealth. When Hurricane Ivan headed towards the Cayman Islands in 2004, it sent a stream of light aircraft racing to Miami. They contained computer hard disks, relating to a large slice of the world’s Cayman-held wealth. (Banking assets in Cayman account for nearly a 15th of the world’s $30tn in banking assets.) When the storm passed, they flew them all back again. FacebookTwitterPinterest Inside the Wilmington State Building, Delaware’s chief deputy secretary of state, Richard J Geisenberger, oversees one of the more than 5,000 company incorporations that take place every day in Delaware. The process takes just a few minutes, and the state office stays open until midnight from Monday to Thursday. More than 50% of all publicly traded US companies are incorporated in Delaware. Photograph: Paolo Woods and Gabriele Galimberti/INSTITUTE There are many tricks used to shift money offshore, and a pinstriped army of accountants and lawyers to help people do it. The commonest technique is one called transfer pricing, employed by pretty much every multinational............................................. Read the rest here........somehow some was missing...... https://www.theguardian.com/business/2015/jun/19/tax-havens-money-cayman-islands-jersey-offshore-accounts

http://www.newsmax.com/Finance/StreetTalk/IMF-World-Bank-economy-invest/2016/05/06/id/727611/ The IMF and the World Bank Turn Pessimistic, Which Means We Are in Serious Trouble (Dollar Photo Club) By Tony Sagami Saturday, 07 May 2016 05:59 AMMore Posts by Tony Sagami I don’t listen to the International Monetary Fund (IMF) and the World Bank when they gush about how great the global economy is doing… which is almost always. I do, however, pay careful attention whenever their near-perpetual optimism turns negative. And that’s what is happening right now. The IMF lowered its 2016 global growth forecast for both 2016 and 2017 by 0.2% and 0.1%, respectively. They worry, in particular, about the drop in oil prices, a sharp economic slowdown in China, rumblings about trade wars and tariffs, disease epidemics, refugees crises, and military conflict. The World Bank is even more pessimistic: They lowered their 2016 global GDP forecast from 2.9% to 2.5%. Those are some pretty somber forecasts that should not be ignored. But the handwriting on the wall is pretty obvious—the global economy is losing steam fast. Here are some more penetrating warning signs: World trade dropped 3.8% The Merchandise World Trade Monitor tracks global imports and exports in two measures—by volume and by unit price in US dollars. World trade is down this year by 0.4% on a volume basis and down 3.8% in dollar terms. “Both import and export momentum became more negative in the United States,” said the Merchandise World Trade Monitor. The unit/price index fell 23% June of 2014 was a significant month because it was the point when total business revenues of US companies hit a peak and the price of oil really started to fall. The unit price index of world trade has plunged 23% since then, and is now lower than during the worst part of the Financial Crisis. The PMI index is weak The latest JPMorgan-Markit global manufacturing purchasing managers index (PMI) showed the weakest quarterly performance in years. Markit noted that “conditions remained lackluster in the three main industrial regions covered by the survey” and “manufacturing production was near-stagnant in Asia.” Manufacturing jobs are vanishing It is easy to see how manufacturing jobs—the good-paying jobs—are disappearing in the US. Our economy is creating lots of “Would you like fries with that, sir” jobs, but not much else. Industrial production dropped 2% Industrial production was down 2.0% in March. That’s bad enough, but it gets worse: this is the seventh month in a row that it has declined on a year-over-year basis. The US economy has never seen industrial production drop for seven consecutive months without being in a recession. The good and bad news The good news is that the world economy is slowing down, not contracting. The bad news, however, is that stock prices are sky-high. The S&P 500 is now trading at the highest price-to-sales (PS) and price/earnings-to-growth (PEG) ratios in the history of the stock market. In short, the stock market is priced for perfection, largely on the assumption that Janet Yellen and her Fed buddies will keep stock prices from falling with a combination of interest rate cuts—perhaps even negative interest rates—and/or another zillion-dollar QE program. To me, the question isn’t whether or not the Federal Reserve will swamp Wall Street with more monetary steroids… because I’m sure it will. The more important question is: Will more monetary steroids work? My answer is, “Not a chance,” and that is why I urge you to have a clear strategy to protect yourself when things turn ugly.

Dr. J, In support of that thought http://rawabetcenter.com/archives/26068

Greg, I always enjoy what you add here on DV. I hope your contact is wrong on this. For many years now I have wondered if Iraq might be better off divided into 3 nation states as the different religious factions are unable to get along. For the present time though I believe Iraq needs to stay united to move into a better future. If the Kurds tried to forcibly remove Abadi, IMO this world throw the entire country into a civil war. This would not be good for anyone, (with the exception of perhaps Iran). I can’t believe that Biden would approve of a plan like this. Great progress is being made in the battle against ISIS in the ME, and a civil war in the region would only strengthen the position ISIS has created for itself. I am more inclined to think that Abadi is removing himself from any Dawa party involvement and of course any link to Malaki. The restructuring of the GOI is necessary and we may see some new elections in the future. (and perhaps we won’t, this is Iraq after all) I believe the US as well as the world financial entities such as the IMF, World Bank, BIS etc. stand behind Abadi and Iraq, and together they are helping plan the path for Iraq to be able to stand on their own in the future. If the plan really included the removal of Abadi by the Kurds you wouldn’t see these entities making the financial commitments they are making to Iraq knowing that the area would soon be engaged in a civil war. I doubt The Kurds, Sunni’s and Shite’s will ever fully get along for any length of time. They are all probably always plotting about how they might get the upper hand over the others. Perhaps that is what your friend’s contacts are doing. Otherwise we may see a civil war at the same time ISIS is doing their evil works, and that will IMO reduce the odds of any type of monetary movement in Iraq to about zero for the near term. JMO……again thanks for all the great posts on this thread.

http://af.reuters.com/article/worldNews/idAFKCN0XP1YL Biden visits Iraq for talks with officials, show of support Thu Apr 28, 2016 1:40pm GMT Print | Single Page [-] Text [+] 1 of 1Full Size By Roberta Rampton BAGHDAD (Reuters) - U.S. Vice President Joe Biden made an unannounced visit to Iraq on Thursday, in a sign of support for the Iraqi government as it builds on wins in its fight against Islamic State militants amid the distractions of a political crisis. It is the first time that Biden, the point person for the White House on Iraq, has visited the country since the United States withdrew its forces in 2011. He is the third and highest-level U.S. official to visit Iraq this month. Islamic State, also known as ISIL, has seized large portions of Iraq and Syria since 2014. Iraqi forces have won back some of the territory, such as the provincial capital of Ramadi, but often after long battles that have left the cities destroyed. "He's been itching to get back for a while. We have been looking for an opportunity," a senior administration official told reporters travelling with Biden to Iraq. Biden's trip, a couple of months in the planning, is a sign of the progress the White House believes Iraqi forces have made in beating back the militant group during the past year. Biden has close personal relationships with Iraqi leaders and speaks with them every 10 days on average, a senior administration official said. The trip serves to counter a "misperception in the region" that Iran has undue influence in the nation, a senior administration official said. (Reporting by Roberta Rampton; Editing by Jeff Mason and Bernadette Baum)

Hey Umbertino, Thanks for the follow up post. I have to say it confuses me though. I was posting about Macri from Argentina, not Berlusconi from Italy. https://en.wikipedia.org/wiki/Mauricio_Macri IMO Berlusconi has not been good for the Italians, (no disrespect intended) because I believe he is headed for the same problems Greece has experienced. That coupled with the many ME refugees entering the country.....just a Geo-political mess that will happen eventually.......JMO again... Take care of yourself! I often have different views on what you post, but I have much respect for you and how you conduct yourself. Who knows, perhaps some day I may have the pleasure of meeting you in person. Thanks again !

A quick add on here....this came in the mail today..... also just below is a link that illustrates the Bond aspect to investing in these oil companies. The stock mentioned in the article, Cimarex Energy (XEC) offers a bond......... Perhaps it is better to read the news letter first. Cimarex Engy 5.875% 05/01/2022 and the company has a Debt/Assets ratio of 28.33% Just look around, you'll see the basics of the post above. http://quicktake.morningstar.com/stocknet/bonds.aspx?symbol=xec ++++++++++++++++++++++++++++++++++++++++++++++++++++++ NEWS LETTER By Brian Weepie, analyst, Stansberry Resource Report Friday, April 22, 2016 Oil prices are up in recent weeks. And prices of oil producers are up with them. But there's still more pain in store for the oil patch. Consider the overall state of the industry… Despite their rise, oil prices are still near $40 a barrel. A few years ago, if you predicted that, people would have laughed you out of the room. Prices are still so low, producers are starting to go bankrupt. Since the start of 2015, 64 oil and gas companies have filed for bankruptcy. They include well-known firms like Energy XXI (EXXI) and Goodrich Petroleum (GDPM). And the pace of filings is increasing. Texas law firm Haynes & Boone, which services many oil companies, says 42 energy companies filed for bankruptcy last year. Less than five months into this year, we've already seen 23. At the current pace, bankruptcies will be up nearly 75% this year. Believe it or not, this increased pace is a good thing… It's good because it's necessary. Last July, I explained that the initial filings we had seen at that point were just the beginning… Between 2003 and 2011, the price of crude oil rose from about $20 per barrel to more than $100 per barrel. At that price, expensive oil all over the world became economic – miles deep under the ocean, under the frozen seas of the Arctic, and even trapped in shale rock. Areas like south Texas' Eagle Ford Shale and North Dakota's Bakken Shale exploded in growth. Producers, including just-bankrupt Sabine Oil & Gas, borrowed money to start drilling in these areas. Now, with today's low oil prices, many of these companies have high levels of debt that they can't pay back. As I predicted, the bankruptcies were unavoidable. Bankruptcies will help cleanse the market of higher-cost assets… or put them in the hands of more productive operators. So the companies left will be more efficient… and able to focus on rewarding shareholders. This means investors will have better options to choose from. And we'll see a bottom in these stocks. The increase in bankruptcies – and the production transfer from weaker companies to stronger ones – means we're closer to a bottom in oil prices. When bankruptcies start to slow their pace, that will show us it's time to buy. When that happens, the highest returns will come from the companies that operate efficiently but still carry debt. You see, the market has left oil and gas companies with debt for dead, including those with manageable debt loads. The biggest gains will come from those companies, as investors have overreacted and pushed their shares down the most. Now is the time to put together a wish list of companies to own when oil prices start to climb for good. Look for companies with… 1. High cash balances compared to their debt levels, 2. The majority of their debts maturing at least three years from now, and 3. Low production costs. One company that fits the profile is Denver-based oil producer Cimarex Energy (XEC). After a recent move higher, it's still down 27% from its 2014 highs. Cimarex holds cash equal to more than half its total debt and produces oil efficiently. Half of its debt matures in 2022 (the other half matures in 2024). Look for Cimarex to continue to benefit as the oil outlook brightens. Consider buying shares today. Good investing, Brian Weepie +++++++......info for educational purposes only......++++++++

I appreciate, and enjoyed reading this post ! The oil industry just might be a good sector to invest in. Hypothetically “Investing 101” suggests before you buy anything you need to determine if there is value, what’s the stock is actually worth. Researching any potential investment should be a requirement for all of us. Public companies all have financial statements available to all of us. A very basic and simple version of researching a stock follows: You can start with what people are paying for the company, by finding the market cap of the stock. Once you know what people are paying for it, then you want to find out what is it actually worth? Simplified value of company = present assets - present liabilities + future earnings, discounted to present values. Using these two values (market cap=$ people are paying, and company value=$ it is worth) you can now re-frame your original question. Overvalued companies are those where market cap>company value (people paying more for it than it's worth) and undervalued companies have the opposite relationship, company value>market cap. Having established that, let's examine how to calculate company value. Company value = present assets - present liabilities + future earnings. So there's a present component, and a future component. Look at the present component. You can find the company's assets and liabilities on its balance sheet. (Goodwill and intangible assets should be removed from the thought process because they're often imprecise due to being semi-imaginary.) I'll end this with a note of caution. Most of the companies you'll find that look very cheap based on these quantitative criteria have very negative qualitative criteria associated with them. This method is best applied to companies you already like, but are unsure whether the price is right. You might also look into the bonds these companies might be offering. I posted a while back about “distressed bonds”. If any of these oil companies are having difficulties mainly because of cash flow, but yet the asset value far exceeds the debt, then you might have an opportunity. If you hold shares of stock in a company and it goes under, you will probably lose your total investment. A bond is a legal contract with the company that pays you a dividend and if the company fails that bond you hold is secured by the assets the company has. You as an investor are near the head of the line in getting some of your funds back. Here are 2 links where you can see, and learn a little more about reading financial statements, or just google it. Lot’s of good info available. http://www.grantthornton.com.au/en/insights/technical-publications--ifrs/example-financial-statements/ https://www.sec.gov/investor/pubs/begfinstmtguide.htm