STO announced that its recent North Sea discovery could be much larger than expected, with the potential to yield anywhere from 500 million to 1.2 billion barrels of oil. Moreover, STO is getting major coverage on FT.com, with one of the articles highlighting the company's plans to install the world's first North Sea gas compressor.
BAC is finally doing something to shape up its balance sheet by divesting assets. The latest news: selling some of Merrill's property to Blackstone Group for up to $1 billion according to FT. BAC has had a run of divestiture announcements over the past week. Although Professor Paulson cut his stake in BAC significantly, I am convinced he may be using options or other strategies to benefit even more from BAC's comeback. It's only a matter of time. I'm keeping an eye out on BAC for a potential Crash & Earn opportunity.
Added a whole bunch of stuff to my portfolio today:
TGB @ $3.4693 in the SBA
HERO @ $3.88 in the Roth IRA
Disappointing price action following yesterday's hooray:
-1.83% SBA
-3.07% Roth IRA
-0.67% DJIA
-1.24% Nasdaq
-0.97% S&P
I'm going to hang on until at least options expiry as we have some major economic data announcements later on this week. Along with PPI, we also have crude oil inventories tomorrow. Will HERO and STO be able to take things to a new level for my portfolio?
Oh, oh, let's add some more 0's...
No comments:
Post a Comment