REVscene - Vancouver Automotive Forum


Welcome to the REVscene Automotive Forum forums.

Registration is Free!You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today! The banners on the left side and below do not show for registered users!

If you have any problems with the registration process or your account login, please contact contact us.


Go Back   REVscene Automotive Forum > Vancouver LifeStyles (VLS) > The Business and Financial Forum

The Business and Financial Forum THIS SPACE OPEN FOR ADVERTISEMENT. YOU SHOULD BE ADVERTISING HERE!
Revscene Wall Street.
Consolidating debt? Good business tips? Buying stock? How's our economy doing? Discuss and share advice and tools on everyday banking, investing, wealth management and insurance.

Reply
 
Thread Tools
Old 06-08-2010, 11:48 PM   #2301
WOAH! i think Vtec just kicked in!
 
Join Date: Oct 2005
Location: Vancouver
Posts: 1,650
Thanked 348 Times in 165 Posts
Failed 127 Times in 56 Posts
On top of all the costs you can think of that BP is going to have to pay for the next 5 years for this huge environmental disaster. They have also done some permanent damage to their reputation and the brand.

Not too mention, now they are still going to pay that dividend, I think this (stupid) move will cost BP dearly in the medium to long run as long as Obama is in office for the next 3 years of 7 years if he gets re-elected.

A lot these big oil company's deal making needs to have good relationship with State and Federal Government officials, they are not going to make any friends with that dividend payment.
Advertisement
Carl Johnson is offline   Reply With Quote
Old 06-09-2010, 09:01 AM   #2302
Ready to be Man handled by RS!
 
Join Date: Nov 2006
Location: Vancouver
Posts: 82
Thanked 2 Times in 2 Posts
Failed 0 Times in 0 Posts
Quote:
Originally Posted by Carl Johnson View Post
On top of all the costs you can think of that BP is going to have to pay for the next 5 years for this huge environmental disaster. They have also done some permanent damage to their reputation and the brand.

Not too mention, now they are still going to pay that dividend, I think this (stupid) move will cost BP dearly in the medium to long run as long as Obama is in office for the next 3 years of 7 years if he gets re-elected.

A lot these big oil company's deal making needs to have good relationship with State and Federal Government officials, they are not going to make any friends with that dividend payment.
good points, but i feel that with all the industrial lobbists in Washington, any long term effect on BP and big oil companies will be limited, America's addiction to oil hasn't gone away, not before, not now, and most probably, not for some forseable future...remember the oil crisis back in the 70s' how America was basically held as a hostage and was at the mercy of the major oil producing nations of the middle east?

Obama's move to stop all offshore drilling will eventually back fire on him, with all the uncertainties in Europe and debt problems worldwide, one of the only things that are driving the markets now are commodities, decreasing the supply of crude will just make matters worst, not to mention all the jobs that will be lost if the offshore drilling stops and all the spin off economies that will be affected because of that

Last edited by ehhhwik; 06-09-2010 at 09:06 AM.
ehhhwik is offline   Reply With Quote
Old 06-09-2010, 04:13 PM   #2303
WOAH! i think Vtec just kicked in!
 
Join Date: Oct 2005
Location: Vancouver
Posts: 1,650
Thanked 348 Times in 165 Posts
Failed 127 Times in 56 Posts
America's addiction to oil has not changed but BP's way of doing business in America has certainly changed in the past few months. I was actually looking through their 2009 Annual Report and BP has characterized deepwater Gulf of Mexico as their largest area of growth in the United States, which is troubling. And if you can look at the revenue stream in terms of Geography a big chunk of BP's sales come from within U.S. and this goes back to what the impact this spill has on their current and future businesses.

These guys don't report until July 26, the conference call will be very interesting to say the least. You can also bet the the CEO is getting a lot of phone calls these day from some very pissed off shareholders, although many of them already jumped ship. Just check out Google finance's stats on BP, their stock is only owned 10% by institution compared with XOM 48%, COP 71%, and CVX 63%. Could this mean a bottom is near?
Carl Johnson is offline   Reply With Quote
Old 06-13-2010, 12:50 PM   #2304
Banned (ABWS)
 
Join Date: Mar 2003
Location: Richmond, BC
Posts: 4,694
Thanked 239 Times in 94 Posts
Failed 17 Times in 10 Posts
Just wondering...is it normal to be charged two trade fees on one order? I do my investing with RBC online direct investing. In the past, I've been charged only one fee per order. However, I recently bought 750 shares of a low-volume stock and my order was split into two orders - 700 and 50 shares, and was subsequently charged two transaction fees...is this normal?
Jermyzy is offline   Reply With Quote
Old 06-13-2010, 01:18 PM   #2305
Rs has made me the man i am today!
 
Join Date: Apr 2004
Location: Vancouver
Posts: 3,073
Thanked 69 Times in 47 Posts
Failed 11 Times in 6 Posts
Are you sure you're getting charged $29.95 twice?
Usually when my order is split in two, the transaction fee is split between the two.
waddy41 is offline   Reply With Quote
Old 06-13-2010, 02:53 PM   #2306
Ready to be Man handled by RS!
 
E N D L E S S S's Avatar
 
Join Date: Feb 2007
Location: Vancouver
Posts: 88
Thanked 0 Times in 0 Posts
Failed 0 Times in 0 Posts
Questrade is the same, if you do not select the 'all or none' option, it is possible for your order to be filled in 2 transactions.. in which case they charge you two transaction fees as well.
E N D L E S S S is offline   Reply With Quote
Old 06-13-2010, 05:46 PM   #2307
WOAH! i think Vtec just kicked in!
 
Join Date: Oct 2005
Location: Vancouver
Posts: 1,650
Thanked 348 Times in 165 Posts
Failed 127 Times in 56 Posts
When in doubt just give them a call. Heck RBC are robbing you $30 just to execute a simple buy order when it only cost them just a few pennies with electronic routing. The last thing they should be able to do is answer the phone call.
Carl Johnson is offline   Reply With Quote
Old 06-14-2010, 12:29 AM   #2308
Banned (ABWS)
 
Join Date: Mar 2003
Location: Richmond, BC
Posts: 4,694
Thanked 239 Times in 94 Posts
Failed 17 Times in 10 Posts
Yes, I checked I was definitely charged the fee twice. I tried to select the 'all or none' option, but it was blanked out and I couldn't select it...I'll give them a call, but I have a feeling it won't go anywhere since I think it does state somewhere in the disclaimer that it may be separated into two transactions...
Jermyzy is offline   Reply With Quote
Old 06-14-2010, 01:22 AM   #2309
Rs has made me the man i am today!
 
Join Date: Apr 2004
Location: Vancouver
Posts: 3,073
Thanked 69 Times in 47 Posts
Failed 11 Times in 6 Posts
I also bank with RBC.
A lot of times they split my orders in two but have never been charged double.
I'm sure they'll reverse it if you give them a call...good luck
waddy41 is offline   Reply With Quote
Old 06-14-2010, 12:48 PM   #2310
RS.net, where our google ads make absolutely no sense!
 
Join Date: Jul 2004
Location: vancouver
Posts: 900
Thanked 200 Times in 44 Posts
Failed 28 Times in 9 Posts
I believe if they are able to fulfill both orders on the same day then there's only 1 charge. If the fill orders were executed on different days, there there's 2 charges.
xxxrsxxx is offline   Reply With Quote
Old 06-15-2010, 07:32 AM   #2311
Ready to be Man handled by RS!
 
Join Date: Nov 2006
Location: Vancouver
Posts: 82
Thanked 2 Times in 2 Posts
Failed 0 Times in 0 Posts
Here are the trade commissions for RBC:

Canadian & U.S. Exchanges

0-29 trades/quarter and less then $100,000 in household assets Up to and including 1,000 shares $28.95 (Cdn or US) per transaction

Greater than 1,000 shares Stock Price Commission
Rate
$0.00 - $2.00 1.5% of trade
$2.01 and over $0.03 per share
Minimum Commission $28.95 (Cdn or US) per transaction
30-149 trades/quarter $9.95 Flat (Cdn or US) per transaction
150+ trades/quarter $6.95 Flat (Cdn or US) per transaction
$100,000 or more in household3 assets $9.95 Flat (Cdn or US) per transaction

So as long as your trade orders for 1 stock is less than or equal to 1,000 shares on any given trading day, you pay $28.95 or if u complete more than 30 trades per quater, or have over $100k household assets, you pay $9.95, but if u purchase more than 1,000 shares for any given equity, then just refer to that chart, its based the price of the stock
ehhhwik is offline   Reply With Quote
Old 06-15-2010, 07:44 AM   #2312
Ready to be Man handled by RS!
 
Join Date: Nov 2006
Location: Vancouver
Posts: 82
Thanked 2 Times in 2 Posts
Failed 0 Times in 0 Posts
anybody got an opinion on insurers? especially MFC?

it's taken a beating lately (hitting 52 week lows), but im concerned about the risk with its balance sheet, but i like their exposure in emerging markets like Asia where i see growth...what do u guys think?
ehhhwik is offline   Reply With Quote
Old 06-17-2010, 09:52 AM   #2313
Rs has made me the woman i am today!
 
ws6ta's Avatar
 
Join Date: Jan 2002
Location: ?
Posts: 4,331
Thanked 894 Times in 157 Posts
Failed 210 Times in 24 Posts
anyone here use optionsXpress?
ws6ta is offline   Reply With Quote
Old 06-20-2010, 08:29 PM   #2314
I STILL don't get it
 
leilomo's Avatar
 
Join Date: Sep 2005
Location: vancouver
Posts: 470
Thanked 26 Times in 11 Posts
Failed 3 Times in 2 Posts
very bullish news for US equities from china over the weekend regarding the end of the RMB/USD peg. At this point, i'd look to establish long positions up to about 10,900 on the DOW, pull back a little from there and then make a higher high than what we saw in april.
leilomo is offline   Reply With Quote
Old 06-23-2010, 03:18 PM   #2315
My homepage has been set to RS
 
Join Date: Jun 2008
Location: Nowhere
Posts: 2,294
Thanked 848 Times in 392 Posts
Failed 59 Times in 28 Posts
Possible Double Dip?

Seems oddly familiar, with the wild swings the market is having. Not to mention the bad news on a consistent basis, and even the Chinese news was pretty much shrugged off (Futures were up over a 100 basis points, Dow closed just slightly under I think, on that day).
subordinate is offline   Reply With Quote
Old 06-24-2010, 12:09 PM   #2316
RS.net PIMP
 
Join Date: Aug 2002
Location: Vancouver/LA
Posts: 4,898
Thanked 3,057 Times in 824 Posts
Failed 18 Times in 17 Posts
Quote:
Originally Posted by 7seven View Post
I was wondering where this thread disappeared to, didn't realize there was a new subforum. Anyways, anyone in on WYG today Next up should be CAN, I have a bunch of .10 warrants and also stepped in at .145 and re-entered at .325, assay results on holes 2-5 should be out soon, visible gold like hole 1 (53 Metres at 4.32 Grams Gold Per Tonne) anyone?
Quote:
Originally Posted by 7seven View Post
CAN at .45 now with good volume

edit** was up to .475, now at .455, hopefully news out early next week.
Dug up some of my old CAN posts, anyone else still accumulating? Been busy so haven't been posting here much, but on April 28, 2010, Daniel Earle one of TDs top analyst put out a report on CAN with a price target of $1.25 and made comparisons to VEN properties.

CAN hit a new 52 week high of .99 just on Monday, I like the future for CAN
7seven is offline   Reply With Quote
Old 06-29-2010, 03:27 AM   #2317
I *heart* Revscene.net very Muchie
 
Join Date: Sep 2004
Location: Vancouver
Posts: 3,577
Thanked 13 Times in 8 Posts
Failed 4 Times in 4 Posts
this market is in trouble!!
Jackwimmer is offline   Reply With Quote
Old 06-29-2010, 02:29 PM   #2318
To me, there is the Internet and there is RS
 
penner2k's Avatar
 
Join Date: Jan 2002
Location: Delta
Posts: 15,911
Thanked 765 Times in 228 Posts
Failed 354 Times in 58 Posts
Telsa went on the market today... Went from $17.00 this morning to $23.89 this afternoon.
I'm guessing a couple people made a couple bucks today.. lol
__________________
The harder I lift and the more I eat, the better my genetics seem to get.
penner2k is offline   Reply With Quote
Old 06-30-2010, 09:47 PM   #2319
I don't get it
 
tacobell's Avatar
 
Join Date: Nov 2006
Location: vancouver
Posts: 429
Thanked 162 Times in 71 Posts
Failed 6 Times in 4 Posts
anyone tracking DSCO??? what do you guys think? worth buying?
tacobell is offline   Reply With Quote
Old 06-30-2010, 11:24 PM   #2320
Rs has made me the woman i am today!
 
ws6ta's Avatar
 
Join Date: Jan 2002
Location: ?
Posts: 4,331
Thanked 894 Times in 157 Posts
Failed 210 Times in 24 Posts
Quote:
Originally Posted by penner2k View Post
Telsa went on the market today... Went from $17.00 this morning to $23.89 this afternoon.
I'm guessing a couple people made a couple bucks today.. lol
Rumors are that the ceo is broke and going through a divorce...
ws6ta is offline   Reply With Quote
Old 06-30-2010, 11:30 PM   #2321
Rs has made me the woman i am today!
 
ws6ta's Avatar
 
Join Date: Jan 2002
Location: ?
Posts: 4,331
Thanked 894 Times in 157 Posts
Failed 210 Times in 24 Posts
thoughts on BP? anyone looking at buying and if so when?
ws6ta is offline   Reply With Quote
Old 07-01-2010, 01:34 AM   #2322
My homepage has been set to RS
 
Join Date: Jun 2008
Location: Nowhere
Posts: 2,294
Thanked 848 Times in 392 Posts
Failed 59 Times in 28 Posts
Quote:
Originally Posted by ws6ta View Post
Rumors are that the ceo is broke and going through a divorce...
Read that too, but the reason the CEO is broke is because his cash is tied up in various companies, such as Tesla. His bank accounts and such might show minimal cash, but his...equity...is insane. This guy is a genius.
subordinate is offline   Reply With Quote
Old 07-01-2010, 06:26 AM   #2323
I *heart* Revscene.net very Muchie
 
Join Date: Sep 2004
Location: Vancouver
Posts: 3,577
Thanked 13 Times in 8 Posts
Failed 4 Times in 4 Posts
damn the s&p's couldnt hold 1050, i guess its gonna drop some more
Jackwimmer is offline   Reply With Quote
Old 07-01-2010, 09:26 AM   #2324
I *Fwap* *Fwap* *Fwap* to RS
 
Join Date: Aug 2007
Location: Internet
Posts: 1,564
Thanked 572 Times in 130 Posts
Failed 154 Times in 35 Posts
good news came out from CTIC today!
van_driver is offline   Reply With Quote
Old 07-01-2010, 05:37 PM   #2325
WOAH! i think Vtec just kicked in!
 
Join Date: Oct 2005
Location: Vancouver
Posts: 1,650
Thanked 348 Times in 165 Posts
Failed 127 Times in 56 Posts
Quote:
Originally Posted by ws6ta View Post
thoughts on BP? anyone looking at buying and if so when?
It's pretty easy trade for BP actually. You can buy like at around $29.50 right now and set your stop at $26.50 which is the low recently. You risk 10% but if BP do get taken out by Exxon or Royal Dutch Shell or just any good updates regarding the 2 relief wells, I think your gains will be a lot more than that.

However, remember it's hurricane season which will affect the clean-up effort and introduce a lot of volatility to the stock itself. Which is why I like RIG and HAL a lot more than BP.
Carl Johnson is offline   Reply With Quote
Reply


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off



All times are GMT -8. The time now is 03:15 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
SEO by vBSEO ©2011, Crawlability, Inc.
Revscene.net cannot be held accountable for the actions of its members nor does the opinions of the members represent that of Revscene.net