Visualizzazione post con etichetta production. Mostra tutti i post
Visualizzazione post con etichetta production. Mostra tutti i post

domenica 9 febbraio 2014

Utopia

Utopia





via Early Retirement Extreme:



In our brave new world, progress is the process of inventing and creating products and services that can be sold at a profit to the consumer. Here, profit takes precedence over all other values, and so marketability is the primary form of aesthetic value. Thus, the product that sells the most IS the best. Therefore products are offered in a narrow and censored range that appeals to the widest possible number of people; not because they were superior but because that is where the crowd converged. Status is measured in the sheer volume of generic products a person has bought. The crowd, which always exhibits the lowest common denominator of human behavior, and which is easily manipulated is somehow thought to be wise. Individuals become authorities simply because they are famous. Popularity is a virtue and appearance is everything. Brand names dominate because they confirm the fantasy world inhabited by the consumers. Everything becomes a matter of opinion: People are guided by what they “feel”, not by what they think. And they are judged by what they say, and not by what they do, and mistakes are always somebody else’s fault. Maturity is measured by conformity. Professionalism is measured by productivity rather than independent and sound judgment.


Hmm…


Progress should be the process of inventing products and services that make life better for consumers and producers alike. Here, sustainability and viability takes precedence over all other values. After all, what does it matter if our grand children inherit an unlivable word? Production becomes an art rather than an automated science, where quality is an inherent factor and exquisite craftsmanship is offered in a wide range of works. Decadence and human expression is treasured. Conformity is dead. Status is bestowed in terms of the quality of the craft, the wisdom of judgment, and the soundness of character rather than image, brand, and quantity of consumption. Individuals are recognized based on merit and character rather than popularity and marketing. People think! There is a distinct difference between facts and beliefs. Judgments are reached by reason. Maturity is measured by wisdom, and character is not defined by what is said but by what has been done.




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Utopia


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martedì 4 febbraio 2014

Cenovus Crushes The Fundamental Approach To Valuation

Cenovus Crushes The Fundamental Approach To Valuation





via StockCharts.com – Blogs:



Every now and then a stock comes along that just drives you crazy. Cenovus has to be one of those story stocks. Given the keys to the oil empire in the split from Encana, Cenovus looked promising from every aspect. As a large Canadian company with the ability to produce major growth rates in production from the Christina Lake and Foster Creek projects, the investing community came to expect great things from this company.


I reviewed their January 2014 Presentation to find out the Oilsands technology they are using has a $45/bbl production cost. They have mitigated 85% of the Heavy oil discount. They have grown the oil production by 50% in the last 2 years! This presentation makes you feel like their should be a rocket attached to the stock price. They own two US refineries and would love to put their oil on the Keystone XL pipeline. So that appears to be holding them back.


OK, so this should be a monster stock. Let’s look at the chart. Starting at the top. The RSI has been trapped under 65 for most of 3 years. The relative performance to the SP500 in purple (SPURS) is showing underperformance for 2 years. The SCTR ranking shows Cenovus as being a below 50% stock for the last year. The recent news is it just crashed in relative ranking to every other $TSX stock to become the bottom 15% technically. That sounds like last quartile performance which can only be construed as poor.


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Cenovus Crushes The Fundamental Approach To Valuation


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