SOMALI PIRATES IN DISCUSSION TO ACQUIRE CITIBANK
‘Somali Pirates In Discussion To Acquire Citibank’
November 21st, 2008 ndarbonne Posted in Uncategorized |
The Tudor, Pickering, Holt & Co. Securities Inc. research team has picked the pirates for this week’s edition of Friday Humor in their daily e-note. “Modern-day Jack Sparrow (OK, Captain Jack Sparrow)?” they ask. “It isn’t often that solid execution of a plan is a big negative, but this is a clear case of ‘dog catching car.’”
Earlier this week, Somali pirates hijacked a Saudi Arabian oil tanker offshore Kenya. The tanker contains some $100 million worth of crude oil, and the pirates want $25 million to release it.
In today’s global crisis, here’s something to rally around, and is easily understood. Pirates take things for keeps or for ransom. That’s what they do. There are no CDSs, mortgage-backed securities, TARPS and such to work it out. Want a supertanker? Here’s a supertanker, and give me $25 million. Simple.
The TPH team provide these potential headlines of the unfolding story: Somali Pirates Apply To Become Bank To Access TARP; Paulson: TARP Pirate Equity Is An ‘Investment,’ Will Pay Off; Kashkari Says ‘Somali Pirates Are ‘Fundamentally Sound;’ Moody’s Upgrades Somali Pirates To AAA; HUD Says Somali Dhow Foreclosure Program Had ‘Very Low’ Participation; Somali Pirates In Discussion To Acquire Citibank; and, lastly…Fed Officials: Aggressive Easing Would Cut Somali Pirate Risk.
The team opines, “Kudos to the pirates for thinking big…but demerits for thinking too big as this won’t end well.” Their investment rating for the Somali pirate business is Strong Sell.
–Nissa Darbonne, Executive Editor, Oil and Gas Investor, A&D Watch, OilandGasInvestor.com Today, OilandGasInvestor.com, A-Dcenter.com; ndarbonne@hartenergy.com
November 21st, 2008 ndarbonne Posted in Uncategorized |
The Tudor, Pickering, Holt & Co. Securities Inc. research team has picked the pirates for this week’s edition of Friday Humor in their daily e-note. “Modern-day Jack Sparrow (OK, Captain Jack Sparrow)?” they ask. “It isn’t often that solid execution of a plan is a big negative, but this is a clear case of ‘dog catching car.’”
Earlier this week, Somali pirates hijacked a Saudi Arabian oil tanker offshore Kenya. The tanker contains some $100 million worth of crude oil, and the pirates want $25 million to release it.
In today’s global crisis, here’s something to rally around, and is easily understood. Pirates take things for keeps or for ransom. That’s what they do. There are no CDSs, mortgage-backed securities, TARPS and such to work it out. Want a supertanker? Here’s a supertanker, and give me $25 million. Simple.
The TPH team provide these potential headlines of the unfolding story: Somali Pirates Apply To Become Bank To Access TARP; Paulson: TARP Pirate Equity Is An ‘Investment,’ Will Pay Off; Kashkari Says ‘Somali Pirates Are ‘Fundamentally Sound;’ Moody’s Upgrades Somali Pirates To AAA; HUD Says Somali Dhow Foreclosure Program Had ‘Very Low’ Participation; Somali Pirates In Discussion To Acquire Citibank; and, lastly…Fed Officials: Aggressive Easing Would Cut Somali Pirate Risk.
The team opines, “Kudos to the pirates for thinking big…but demerits for thinking too big as this won’t end well.” Their investment rating for the Somali pirate business is Strong Sell.
–Nissa Darbonne, Executive Editor, Oil and Gas Investor, A&D Watch, OilandGasInvestor.com Today, OilandGasInvestor.com, A-Dcenter.com; ndarbonne@hartenergy.com
Views: 291
Replies to This Discussion
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Permalink Reply by Skip Peel - Mineral Consultant on
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Investment note. In a global economy, it is wise to diversify. As there are few attractive stock or equity opportunities available, piracy may be an option the members should consider. Now I specifically refer to Somali pirates as opposed to the domestic variety. Low entry cost. Substantial upside potential. A growth industry if I ever saw one. Of course you will need an off-shore bank to handle your profits and minimize your tax exposure. Since land work has slowed, I thought I might branch out into brokerage and banking. Until I can change my ad copy, just go ahead and click on "Your Personal Landman" on the main page or on the Sponsor link and I will send you a prospectus.
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Permalink Reply by Skip Peel - Mineral Consultant on
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KB. I believe that the Pirates have an M&A strategy and are watching closely to identify those companies that flounder. Then they will send boarding parties to capture the prizes and haul them home. There they will dismantle the assets into their component parts and sell them off. When the unsuccessful supplicants depart D.C, the pirates will host the Jolly Roger and swoop in for the M or A. I think Wall Street will be impressed and speculators will move aggressively to gain a position. Market forecasts are favorable. And there's not much else out there that looks attractive. I rate the Pirates a strong buy.
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Permalink Reply by Snake Stewart on
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Yea but will they turn around and make the investors walk the plank too ?
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Permalink Reply by Skip Peel - Mineral Consultant on
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Ah, Snake. Investing has its risks. I suggest that you wear a life vest just in case. And KB, I do not think that the Pirates will be making Congress walk the plank as Congress will be the source of those that do. I imagine the Pirates might be offering a commission or other inducements in the near future to insure a steady stream of booty.
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Hey Skip, Its my booty I am worried about!
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Permalink Reply by Skip Peel - Mineral Consultant on
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Then keep a weather eye to the horizon and beware the Jolly Roger. Arhhh!
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