Page 19 - Master Limited News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The dow closing down 13 points after being down 112. Thats when oil was really rolling over. Nice recovery there. I have to ask you, how it is that this market, it is still so hot since the price of oil, remember oil rallies a tiny bit off the lows, averages are able to bounce so definitively that we may as well just be one giant stock market devoted to devining oils direction. I feel like im throwing up at the pump everyday i go to work. Ive been adamant about the good things that will ultimately happen to america and american industry when Energy Prices stay low. However, lately as oil keeps...

Are watching the stock market. A lot happen behind the scenes in the credit markets which is why tonight i want to walk you through the hidden but bullish changes that helped the market regain some mojo after whats been a thoroughly nightmarish year for the bulls. First we have to recognize this market has been plagued by a pair of stressed out stocks, chesapeake, the two most visible black holes out there. Chesapeake has 500 million in debt next month. We heard they hired advisers to reorganize and perhaps fall on that bomb setting up a bad chain reaction. Pay it out of cash on hand and the i...

Reaction. Pay it out of cash on hand and the it line. Also committed to paying 1 billion in debt due for next year perhaps out of asset sales. They have high quality assets. Second freeport sold a 13 stake in the copper mine to metal mining for 1 billion in cash. That gives freefort the flexibilitile to unload other assets to ruse the 19 billion plus debt load. Second black hole. Momentarily filled. Third positive, the high yield debt market is plagued by the decline in sprint bonds, the telco company. Sprints owner announced a 4. 4 billion buy back equivalent to 4. 2 of the market cap. Certai...

However, lately as oil keeps plunging, theres a dark underbelly that we havent addressed enough on the show. Namely that the longer crude keeps collapsing, the more stress there is in the system. The worst of fundamentals get for the financials that lent the Oil Companies money, thats what were discovering now. Thats why were glued to every tick up or down in the price of oil. Its the financials now. When oils sold off, we saw Small Companies go belly up. Thats no longer the case. Now were worried about companies that used to be much bigger than they are now, Companies Like chesapeake, chk, wh...

Nice recovery there. I have to ask you, how it is that this market, it is still so hot since the price of oil, remember oil rallies a tiny bit off the lows, averages are able to bounce so definitively that we may as well just be one giant stock market devoted to devining oils direction. I feel like im throwing up at the pump everyday i go to work. Ive been adamant about the good things that will ultimately happen to america and american industry when Energy Prices stay low. However, lately as oil keeps plunging, theres a dark underbelly that we havent addressed enough on the show. Namely that ...