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How "Minuteman" Warren Buffett is Leading America's New "War of Independence"

In our Aug. 11 Private Briefing report What Does This “Mysterious Signal” Tell Us About CB&I? we said we suspected that super-investor Warren Buffett would use the sell-off in Chicago Bridge & Iron NV (NYSE: CBI) to boost his stake in the this Netherlands-based infrastructure specialist.

And that’s just what happened…

  • Oil

  • Breaking Down the British Giant: Who Will Buy BP's Best Assets? There's no question that some of BP PLC (NYSE ARD: BP)'s assets are on the block.

    The company said Monday that the total cost of the Gulf oil spill had already risen to $3.5 billion. And while it's too early to estimate the final costs associated with the spill, analysts have pegged the tab at $20 billion to $40 billion. Some even believe the total cost could come in near $100 billion.

    BP has already paid $165 million to settle individual claims and agreed to set up a $20 billion escrow fund to absorb further damages. It's also suspended its dividend to conserve cash.

    But that's not enough. With costs soaring, BP said in June that it is looking to raise at least $10 billion through asset sales in the next 12 months. With that the run on BP's assets commenced.

    Read More...
  • The BP Relief Wells … And the Two Nightmare Scenarios to Fear Although the global energy sector is entering its most-promising stretch in decades - with more new technologies and more investment opportunities than ever before - I just can't seem to get away from BP PLC (NYSE ADR: BP) and its problems.

    Take last Thursday, for instance. I began the day at FOX Business News, where the interviewer wanted me to explain what will happen if the BP relief wells fail. Then I spent an hour as the guest on a radio talk show from Johannesburg, South Africa, detailing what options are available to BP. Later still, I served as a consultant to a Wall Street investment crew - via conference call - once again on the status of the BP relief wells.

    The BP relief wells are right now the dominant topic on everyone's mind. But there are two potential scenarios - of "nightmare proportions" - that investors need to know about.

    Let me explain...

    To understand the possible nightmares that BP faces in the months to come, please read on... Read More...
  • Australia Reduces Mining "Super Tax," Reviving Profitability of Resource Sector Australian mining companies declared a huge win today (Friday) when the government announced the proposed mining "super tax" would be reduced, prompting some companies to reactivate shelved projects and reopen merger and acquisition talks.

    Australia's Prime Minister Julia Gillard agreed on a compromise plan that would reduce the planned tax to 30% of profits from iron ore and coal, and 40% tax on oil and natural gas, down from the originally proposed 40% tax on all resources. The new plan, called the mineral resource rent tax, would also raise the tax's trigger level to profits that exceed a 12% rate of return instead of 6%.

    "The reduction in the headline rate is an amazing concession," John Robinson, chairman of Global Mining Investments Ltd., told Bloomberg. "It's certainly better than I had expected."

    Read More...
  • Taipan Daily: Profit from Alternative Energy ETF's in Wake of BP Oil Spill Publisher's Note: Justice is taking a few days off for a family event. We've asked Taipan's Senior Research Director, Sara Nunnally, to step in. Justice will be back next week. But in the meantime, enjoy Sara's insightful look into the Gulf oil crisis, and what it could mean to you and your investments.

    How many cleanup and well-cap plans have gone wrong with the BP oil spill disaster in the Gulf of Mexico? So many that a spoof of BP's efforts has gone viral... a video of a coffee spill in a BP boardroom.

    You can view it... Read More...
  • The 'New' Energy Sector: Windfall Profits for Investors, Energy Independence for the U.S. Economy The BP PLC (NYSE ADR: BP) oil spill has been a wakeup call for energy-sector regulators.

    But it's been an even bigger wakeup call for investors.

    Years from now, investors will look back at this period as a turning point - the start of the greatest profit opportunity of this generation. And that's not all. The post-oil-spill period will go down in history as the period during which the United States was finally able to break its dependence on foreign oil, says Dr. Kent Moors, a career energy-sector consultant who works with governments and corporations throughout the world.

    Investors who understand the energy-sector shifts that are taking place "will make more money in energy investments over the next several years than in any other sector during any other period in their lifetimes," says Dr. Moors, who is also the editor of the Oil & Energy Investor newsletter. With the changes he's currently projecting, "a large measure of energy independence for the U.S. becomes possible. And I'm not just talking about a mere economic 'recovery' here. We'd be looking at a standard of living that's 60% higher, an economy expanding at 5% to 7% a year and - most important of all - a future that we could dictate."

    To understand the top trends unfolding in the new energy sector, please read on... Read More...
  • Free Report: The New Global Power Broker in Oil Uganda has found oil, and lots of it. But it lacks the ability to turn crude into needed oil products, like gasoline, diesel, jet fuel, and low-sulfur heating oil. Unless it can develop a local way to process the oil coming out of the ground, it must rely upon exporting that production as raw material – at a far lower price than the refined product would command.

    Yet the problem is hardly limited to producing countries. And here is where the investor needs to take stock of the changing landscape in the hunt for oil profits. Indeed, the new global power broker in oil has emerged...

    To continue, simply... Read More...
  • George Soros: "We Have Just Entered Act II" of the Global Financial Crisis George Soros gained global recognition when he co-founded the Quantum Fund with Jim Rogers in 1970. That fund generated an average annual return of more than 30% while he was at the helm.

    Soros hasn't quit making timely market calls since: From his $10 billion bet against the British pound sterling in 1992 to his April 2008 prediction that we had not "seen the full effect" of the recession and that the situation was "more serious than the authorities admit or recognize."

    In February, Soros called the euro's viability into question, and the currency has plunged some 10% since that time.

    Read More...
  • Oil Prices Set to Soar in the Second-Half of 2010 Oil prices hit a wall this spring. But don't be fooled. The spring retreat simply set the stage for a second-half rally. Despite lingering fears over the global economy, demand for oil isn't slowing down at all. In fact, it's rising... and oil prices will rise right along with it. Read this report to find out why oil is poised to take off in the next six months... and how you can profit. Read More...
  • China's CNOOC Will Ramp Up Deepwater Oil Drilling as BP's Oil Spill Kills U.S. Exploration China's CNOOC. Ltd. (NYSE ADR: CEO) will step up its long-term deepwater oil exploration plans with a close eye on safety measures in the wake of the BP PLC (NYSE ADR: BP) Gulf oil spill that has halted U.S. deepwater drilling.

    The state-controlled oil company has exclusive rights to develop China's offshore resources and has plans to start exploring the South China Sea with nine new projects this year.

    " Read More...
  • Cost of Gulf Oil Spill Mounts as BP, U.S. Government Errors Complicate Cleanup As the clock on the Gulf oil spill ticks past 60 days, the costs are approaching $22 billion, with no end in sight.  Now, there is growing evidence that errors committed by both the U.S. government and BP PLC (NYSE ADR: BP) may have complicated efforts to clean up the mess.

    The Coast Guard and BP each had written plans for responding to a massive Gulf oil spill, but both now say their plans failed to anticipate such a... Read More...
  • Marcellus Explosion-BP Spill: Both Involved This Faulty $7 Piece of Plastic Sometimes the very smallest part of a complicated piece of equipment can bring down the entire project.

    The part at issue here, a thin ring of rubberized plastic, costs about $7. Yet it may be responsible for forcing the U.S. to rethink its entire domestic energy strategy.

    Here's what happened.

    Clearfield County is a rural area of scenic rolling hills in northwestern Pennsylvania, about an hour from my house. Shortly after 8 p.m. on the evening of June 3rd, I received a text message: The sky over Clearfield County had exploded above a natural gas well being drilled there in the Marcellus Shale. I read the news and... Read More...
  • Oil Industry Leaders Try to Avoid Regulatory Fallout From BP's Gulf Oil Spill The leaders of the three largest U.S. oil companies will testify before Congress today (Tuesday) about the Gulf oil spill's effect on U.S. energy policy, hoping to convince legislators to be cautious about introducing new regulations on the industry.

    Chief Executive Officers Rex Tillerson of Exxon Mobile Corp. (NYSE: XOM), John Watson of Chevron Corp. (NYSE: CVX) and James Mulva of ConocoPhillips (NYSE: COP), are scheduled to appear before a House Energy and Commerce Committee panel examining offshore drilling safety and energy policies.

    The review comes after a blowout at BP PLC's (NYSE ADR: BP) Deepwater Horizon drilling platform in the Gulf of Mexico caused a massive oil spill. Read More...
  • Money Morning Mid-Year Forecast: Oil Prices Down but Not Out While it looked like they were headed towards the $90 a barrel level, oil prices hit a wall in the spring. Rattled investors who worried about the direction of the global economy shunned black gold in favor of real gold as a means of preserving capital.

    But don't be fooled. The spring retreat simply set the stage for a second-half rally.

    After starting the year at about $81 a barrel, prices climbed as high as $86 a barrel before plunging to $64 on May 25.

    Read More...
  • Marcellus Explosion-BP Spill: Both Involved This Faulty $7 Piece of Plastic Sometimes the very smallest part of a complicated piece of equipment can bring down the entire project.

    The part at issue here, a thin ring of rubberized plastic, costs about $7. Yet it may be responsible for forcing the U.S. to rethink its entire domestic energy strategy.

    Here's what happened.

    Clearfield County is a rural area of scenic rolling hills in northwestern Pennsylvania, about an hour from my house. Shortly after 8 p.m. on the evening of June 3rd, I received a text message: The sky over Clearfield County had exploded above a natural gas well being drilled there in the Marcellus Shale. I read the news and... Read More...
  • Buy, Sell or Hold: TransCanada Corp.'s (NYSE: TRP) Low Risk and High Dividend Yield Break the Waves of Uncertainty The U.S. stock market has been choppy these past few weeks and it's no secret why.

    The European debt crisis is taking center stage and eliciting strong policy responses from key European governments. And while those policy responses have moved in the right direction, we're still waiting on sustainable progress.

    In addition, we are dealing with the uncertainties related to the oil spill in the Gulf of Mexico, which could have very important economic and financial implications. As if this were not enough, we saw an escalation of the rhetoric in the seemingly endless animosities between North and South Korea, and Hamas and Israel. And Iran continues to pursue a nuclear arsenal.

    Read More...