I hope they will comment. I saw Cramer on one of the talking head shows claiming the fate of the EU economy depends on what the Russians do with their energy, and what effects sanctions have on them. Demand for oil continues to increase while the ME is a long way from any semblance of stability. Half of all new oil finds come from deep water exploration so I figure the best ultra deepwater drillers should stay busy, and profitable. But then companies like SDRL and ESV lose 30-40% of their value in a month. Ouch. Lots of non-contracted equipment out there while the exploration guys are scaling back capex, I guess. How long can that last? $50 oil would cause a huge decline in valuations, but with dear Leader making things right in the ME, who knows what to think?
I see where you follow mining. Any opinion on the iron ore market? I bought some VALE last week when it dropped below $11. It's really been beaten down and comes with a nice yield. Can't imagine steel production will collapse, but we will see.
This "heatmap" website on Marketwatch has super info on industry sectors and major companies. VALE may very well have a lot going for it that I haven't heard about yet, but clicking on 26 weeks is telling me that OilGas and Mining have been doing poorly and VALE's been in a steady heavy downtrend and it still has a PE of 60. Then again, today VALE is up and those two sectors are solid 8P. In the oil industry IBD is very happy about
WGP and
OILT but I'm seeing more reports featuring healthcare companies