nuckin_futz Posted May 26, 2022 Share Posted May 26, 2022 (edited) 23 minutes ago, ronthecivil said: Well there is one in Burnaby and one in Prince George at a minimum. But why would someone build a new refinery? Aren't we transitioning to electric cars? There's only 2 in BC. You listed the both of them. Well if you have a ton of sludgy oil that requires a lot of refining you would build one. But there wouldn't be a need if someone else is willing and able to do it. So here we are. I guess if we imported a larger amount of gasoline, jet fuel, heating oil etc. there may be a need but as is, there isn't. Edit - This is kind of interesting. There hasn't been a new refinery built in Canada since 1984. There hasn't been a new one built in the US since 1976. There's obviously a lot more usage of gasoline, jet fuel etc since then so I guess they just keep expanding the existing ones. Edited May 26, 2022 by nuckin_futz Link to comment Share on other sites More sharing options...
ronthecivil Posted May 26, 2022 Share Posted May 26, 2022 2 hours ago, nuckin_futz said: There's only 2 in BC. You listed the both of them. Well if you have a ton of sludgy oil that requires a lot of refining you would build one. But there wouldn't be a need if someone else is willing and able to do it. So here we are. I guess if we imported a larger amount of gasoline, jet fuel, heating oil etc. there may be a need but as is, there isn't. Edit - This is kind of interesting. There hasn't been a new refinery built in Canada since 1984. There hasn't been a new one built in the US since 1976. There's obviously a lot more usage of gasoline, jet fuel etc since then so I guess they just keep expanding the existing ones. You can own the one in PG by owning Tidewater Midsteam (I do) and the one in BC but owning parkland fuels (which owns a lot of gas station etc. out east it's main business, and that refinery in BC as a one off, so something like that), which I might buy. Link to comment Share on other sites More sharing options...
nuckin_futz Posted May 26, 2022 Share Posted May 26, 2022 2 minutes ago, ronthecivil said: You can own the one in PG by owning Tidewater Midsteam (I do) and the one in BC but owning parkland fuels (which owns a lot of gas station etc. out east it's main business, and that refinery in BC as a one off, so something like that), which I might buy. The one in PG was owned by Husky. I see it was sold to Tidewater in 2019. I must have missed that. Link to comment Share on other sites More sharing options...
nuckin_futz Posted May 27, 2022 Share Posted May 27, 2022 Strippers can apparently better forecast the market than your finance bro In a tweet that has since gone viral, a netizen who claims to be a stripper declared that we are currently in a recession based on the empty status of strip clubs. The user, @botticellibimo, explained that... the strip club is sadly a leading indicator and i can promise y’all we r in a recession lmao — reversecowgirl69 (@botticellibimbo) May 19, 2022 Since its posting on May 19, the tweet has garnered over 120,000 likes and nearly 15,000 retweets. In a series of recent posts related to their original tweet, the user made their case, arguing that “Sex work has survived through every war, recession, decline of empires,” and pointing out that strip clubs have been “an operative tool” for business people, and not just a source of ‘sinful’ entertainment. Referencing the 2001 Enron Corporation scandal, they claim strip clubs are where “energy salesmen bring their clients” and “recruiters bring prospective finance bros,” describing strip clubs and the world of business as “deeply integrated.” As strippers, “we always have to be aware of fluctuations in the market and how upper class white men are behaving and spending their money,” the user continued. “Ask ANY stripper we have to be aware of how rich people are going to spend their money, stripping is betting on how the rich spend their money.” “You’re gonna tell me that isn’t just a stock exchange?” The user also made the point that company holiday parties, which take place in December when finance employees typically receive their end of year bonuses, “make up a large part of strip club revenue,” emphasizing again the inextricable connection between strip clubs and the condition of the market. The person ended their series of tweets by concluding that, “every single stripper I know is a better trend forecaster than any finance bro or marketing exec.” One user responded with a personal story, sharing that in early 2007, a friend who was stripping at the time told them “the club is way too dead for way too long,” and advised them to sell their stock then and buy it back after the market crashed. “i thought she was crazy. but she did it, and she ended up almost doubling her money.” *********************** I must say I have to agree with reversecowgirl69@botticellibimbo. The first things people cut back on when tightening their belt is discretionary spending. You have to eat, pay utility bills, pay rent/mortgage, put gas in the car. You don't have to go to a strip joint, casino, driving range etc. Stuff like those $9 drinks at Starbucks are another good indicator. But this isn't any great new discovery. This has always been the case. 1 Link to comment Share on other sites More sharing options...
Warhippy Posted May 27, 2022 Share Posted May 27, 2022 46 minutes ago, nuckin_futz said: Strippers can apparently better forecast the market than your finance bro In a tweet that has since gone viral, a netizen who claims to be a stripper declared that we are currently in a recession based on the empty status of strip clubs. The user, @botticellibimo, explained that... the strip club is sadly a leading indicator and i can promise y’all we r in a recession lmao — reversecowgirl69 (@botticellibimbo) May 19, 2022 Since its posting on May 19, the tweet has garnered over 120,000 likes and nearly 15,000 retweets. In a series of recent posts related to their original tweet, the user made their case, arguing that “Sex work has survived through every war, recession, decline of empires,” and pointing out that strip clubs have been “an operative tool” for business people, and not just a source of ‘sinful’ entertainment. Referencing the 2001 Enron Corporation scandal, they claim strip clubs are where “energy salesmen bring their clients” and “recruiters bring prospective finance bros,” describing strip clubs and the world of business as “deeply integrated.” As strippers, “we always have to be aware of fluctuations in the market and how upper class white men are behaving and spending their money,” the user continued. “Ask ANY stripper we have to be aware of how rich people are going to spend their money, stripping is betting on how the rich spend their money.” “You’re gonna tell me that isn’t just a stock exchange?” The user also made the point that company holiday parties, which take place in December when finance employees typically receive their end of year bonuses, “make up a large part of strip club revenue,” emphasizing again the inextricable connection between strip clubs and the condition of the market. The person ended their series of tweets by concluding that, “every single stripper I know is a better trend forecaster than any finance bro or marketing exec.” One user responded with a personal story, sharing that in early 2007, a friend who was stripping at the time told them “the club is way too dead for way too long,” and advised them to sell their stock then and buy it back after the market crashed. “i thought she was crazy. but she did it, and she ended up almost doubling her money.” *********************** I must say I have to agree with reversecowgirl69@botticellibimbo. The first things people cut back on when tightening their belt is discretionary spending. You have to eat, pay utility bills, pay rent/mortgage, put gas in the car. You don't have to go to a strip joint, casino, driving range etc. Stuff like those $9 drinks at Starbucks are another good indicator. But this isn't any great new discovery. This has always been the case. Lipstick industries are almost usually always recession proof. But, they are also the most clear indicator of an upcoming or in place recession. because people WILL splurge to feel good about themselves no matter what. But the initial shock of everything and belt tightening has to happen first. Link to comment Share on other sites More sharing options...
flanny Posted June 7, 2022 Share Posted June 7, 2022 Here's the latest oil and gas company value chart from May 31. 1 Link to comment Share on other sites More sharing options...
bishopshodan Posted June 7, 2022 Share Posted June 7, 2022 Is it time to buy more RIVN yet? Reading a few promising things. Link to comment Share on other sites More sharing options...
I.Am.Ironman Posted June 7, 2022 Share Posted June 7, 2022 39 minutes ago, bishopshodan said: Is it time to buy more RIVN yet? Reading a few promising things. If we get more down turn in the sp500 rivn will crater with it. Supply chain is likely to hit those less established companies harder (lucid, rivian etc). A lot of risk imo for what may not be enough reward in an increasing interest rate environment. That said, if the market turns around, supply chains loosen, inflation subsides (interest rates ease) and we avoid recession I think rivian will do well - but that's a lot of 'IFs' 1 Link to comment Share on other sites More sharing options...
bishopshodan Posted June 7, 2022 Share Posted June 7, 2022 1 minute ago, I.Am.Ironman said: If we get more down turn in the sp500 rivn will crater with it. Supply chain is likely to hit those less established companies harder (lucid, rivian etc). A lot of risk imo for what may not be enough reward in an increasing interest rate environment. That said, if the market turns around, supply chains loosen, inflation subsides (interest rates ease) and we avoid recession I think rivian will do well - but that's a lot of 'IFs' thanks, I read Bezos has dumped a bunch of dough into Rivn and heard that they have just passed 3rd party testing or something. Link to comment Share on other sites More sharing options...
I.Am.Ironman Posted June 7, 2022 Share Posted June 7, 2022 2 minutes ago, bishopshodan said: thanks, I read Bezos has dumped a bunch of dough into Rivn and heard that they have just passed 3rd party testing or something. I have been eyeing it as well but its an uphill battle with the macro environment at the moment. Risk vs reward I suppose. 1 Link to comment Share on other sites More sharing options...
nuckin_futz Posted June 7, 2022 Share Posted June 7, 2022 5 hours ago, bishopshodan said: thanks, I read Bezos has dumped a bunch of dough into Rivn and heard that they have just passed 3rd party testing or something. News releases are nice but in order to turn the stock for good you're going to need a change in the fundamentals. Look for upside guidance or multiple analyst upgrades. But not from some of the sh** house analysts like Roth Capital or Cantor Fitzgerald. Pay attention to upgrades from the big 5 firms Goldman, Citi, JP Morgan, Morgan Stanley, Bank of America. 2 Link to comment Share on other sites More sharing options...
bishopshodan Posted June 7, 2022 Share Posted June 7, 2022 2 hours ago, nuckin_futz said: News releases are nice but in order to turn the stock for good you're going to need a change in the fundamentals. Look for upside guidance or multiple analyst upgrades. But not from some of the sh** house analysts like Roth Capital or Cantor Fitzgerald. Pay attention to upgrades from the big 5 firms Goldman, Citi, JP Morgan, Morgan Stanley, Bank of America. Thanks. I have noticed also that RIVN has had a steady climb for the last month despite all the doom and gloom. Link to comment Share on other sites More sharing options...
nuckin_futz Posted June 7, 2022 Share Posted June 7, 2022 (edited) 9 minutes ago, bishopshodan said: Thanks. I have noticed also that RIVN has had a steady climb for the last month despite all the doom and gloom. You'll notice on a chart that the bottom coincided with a surge in trading volume. That signified that anyone who had to puke it out (maybe due to margin issues etc) puked it out. When you have a puke move like that it usually takes out all the sellers and the stock can rally for a bit with little resistance. When you have down trending stocks that have a flush on very large volume that is often a sign of a bottom. Does not apply to stock that have a sudden plunge that starts a downtrend. If RIVN retests $23-25 and holds then I could see taking a stab at it. Edited June 7, 2022 by nuckin_futz 1 Link to comment Share on other sites More sharing options...
NewbieCanuckFan Posted June 10, 2022 Share Posted June 10, 2022 Didn't think this deserved a separate thread but: (not sure if it's true but no wonder it seems 'cash is king' in Japan) 1 Link to comment Share on other sites More sharing options...
UnkNuk Posted June 11, 2022 Share Posted June 11, 2022 I should never have thrown out my comic book collection all those years ago: https://www.cgccomics.com/news/article/9418/Amazing-Fantasy-breaks-record/ Shattering the Record, CGC-certified Amazing Fantasy #15 Realizes $3.6 Million! Move over, Superman! There’s a new hero atop the comic book world. An Amazing Fantasy #15 graded CGC 9.6 now holds the record for the highest price paid for any comic book. Known for the first appearance of Spider-Man, the 1962 comic was sold in Heritage Auctions’ Comic and Comic Art Signature Art sale, which ended September 9, 2021. 1 Link to comment Share on other sites More sharing options...
Gurn Posted June 11, 2022 Share Posted June 11, 2022 21 minutes ago, UnkNuk said: I should never have thrown out my comic book collection all those years ago: https://www.cgccomics.com/news/article/9418/Amazing-Fantasy-breaks-record/ Shattering the Record, CGC-certified Amazing Fantasy #15 Realizes $3.6 Million! Move over, Superman! There’s a new hero atop the comic book world. An Amazing Fantasy #15 graded CGC 9.6 now holds the record for the highest price paid for any comic book. Known for the first appearance of Spider-Man, the 1962 comic was sold in Heritage Auctions’ Comic and Comic Art Signature Art sale, which ended September 9, 2021. Same thing with record collections and stocks-if you pick the right one, all great. If not "You pays your money, you takes your chances". Link to comment Share on other sites More sharing options...
Gurn Posted June 12, 2022 Share Posted June 12, 2022 A 3 wheel electric car-raising money for production; https://www.msn.com/en-ca/autos/news/aptera-raises-40-million-production-set-for-later-this-year/ar-AAYm7nA?ocid=msedgdhp&pc=U531&cvid=49d50fcfd90447b6b16b838b93d4ebb1 Aptera's SEV offers up 1,000 miles of range. Aptera, the San Diego-based SEV (Solar Electric Vehicle) startup, has raised $40 million in its latest round of funding. Aptera hopes to use this capital to bring its SEV to production later this year. The company issued the following statement (via Electrek): During this historic funding round, over $40 million has been committed in our offering under Regulation A+, and we credit the many individuals and institutions who have taken part for their role as a driving force in the successes we’ve achieved." Aptera was originally founded 17 years ago before being re-formed as Aptera Motors Corp in 2019. Throughout its history the firm has revealed several prototype 3-wheeler EVs, none of which were sold to the public. Aptera's latest design was unveiled in 2020 and is what its production car will be based on. It has a remarkably low 0.13 drag coefficient and offers up to 1,000 miles of range. You can now reserve your own Aptera for just $100. Aptera recently announced that it currently has over 22,000 reservations for its SEV. A full configurator has been launched on Aptera's site, with prices ranging from $25,900 to $50,700 depending on spec. Four battery options are available, illustrated by range not size: 250 miles, 400 miles, 600 miles and 1,000 miles. 0-60 mph happens in just 3.5 seconds with the largest battery equipped. FWD is standard however AWD can be had for an extra $2,500. As for the solar panels, the base car comes with them on the roof and dash however you can equip panels on the hood and rear hatch as well. Aptera claims you can get up to 40 miles of solar-powered driving per day. That of course depends on where you live - someone in Las Vegas will undoubtedly average more solar range than someone in Seattle. For more info on Aptera check out the conversation I had with their head engineer, Nathan Armstrong. More On Aptera Aptera Says It Already Has Over 22,000 Reservations For Solar EV Latest Aptera Update Shows Three-Wheeler Will Have A Yoke Like Tesla 1 Link to comment Share on other sites More sharing options...
TGokou Posted June 13, 2022 Share Posted June 13, 2022 Complete bloodbath in the markets today. Couldn't find any particular news for it so I'm wondering if it's a mass margin call of the leveraged crypto/stock market pickers. Link to comment Share on other sites More sharing options...
I.Am.Ironman Posted June 13, 2022 Share Posted June 13, 2022 14 minutes ago, TGokou said: Complete bloodbath in the markets today. Couldn't find any particular news for it so I'm wondering if it's a mass margin call of the leveraged crypto/stock market pickers. Hopefully the final capitulation? I couldn't find any news either. Link to comment Share on other sites More sharing options...
Boudrias Posted June 13, 2022 Share Posted June 13, 2022 14 minutes ago, I.Am.Ironman said: Hopefully the final capitulation? I couldn't find any news either. Fear of Covid in Shanghai and fear of much higher interest rates. SPACs anyone? Link to comment Share on other sites More sharing options...
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