If you ever see Exxon go in on a project, its with another company. They both or more than two, have a percentage. The China talk yesterday was how much of what they put out is BS. Many in that country can't own stock, that's a good percentage of the common people. As for fracking, I found this one... Half of the 41 fracking companies operating in the U.S. will be dead or sold by year-end because of slashed spending by oil companies, an executive with Weatherford International Plc said. There could be about 20 companies left that provide hydraulic fracturing services, Rob Fulks, pressure pumping marketing director at Weatherford, said in an interview Wednesday at the IHS CERAWeek conference in Houston. Demand for fracking, a production method that along with horizontal drilling spurred a boom in U.S. oil and natural gas output, has declined as customers leave wells uncompleted because of low prices. There were 61 fracking service providers in the U.S., the world’s largest market, at the start of last year. Consolidation among bigger players began with Halliburton Co. announcing plans to buy Baker Hughes Inc. in November for $34.6 billion and C&J Energy Services Ltd. buying the pressure-pumping business of Nabors Industries Ltd.
Another meeting, there was some talk of China cooking the books. One thing, with the drop Tuesday, one fund I had move in the green at the closing bell. It was a JP Morgan fund, that has done well, even in these times. A steady check every month. Best of luck to everyone. A hope for a better day today.
Yesterday my Financial Advisor had a meeting, oh, this had been planned for weeks, but couldn't have came at a better time. With the market taking it's fall. A couple things, Greeks GDP is about the same as the state of La. They also projected the market to start moving upward again, just like many were sitting on the side with cash, many funds were doing the same.
They brought up up this stat. "Considered that in 12 months following the end of a bear market, a fully invested stock portfolio had an average total return of 37.4%. However if a investor missed the first six months of this recovery by holding cash, his return would have been only 7.5%.
Few more that I can think of that had brothers: Bert Jones Josh Booty Harvey Williams Steve Van Buren Kevin Mawae Underwood Brothers Shawn Burks Blain and Brett Bech there are a few more, but kind of busy right now.