Dennis ZH Jiang's List: Investing

• it was highly unlikely that prices would move above $55 per barrel through the first half of 2009.
• The oil ministers well remember that prices dipped below $10 per barrel as recently as the late 1990s.

• At this point net asset values and debt covenants are on the eyes of investors
• Even shipping companies with long-term charters and virtually no spot exposure, such as Eagle Bulk Shipping  (nasdaq:  EGLE -    news  -    people  ), Genco Shipping & Trading  (nyse:  GNK -    news  -    people  ) and Star Bulk Carriers  (nasdaq:  SBLK -    news  -    people  ), are at risk as the rates continue to fall because as demand slows defaults become more likely.
• Genco Shipping & Trading has an aggressive new building program, with six Cape-size vessels set for delivery through 2009. One Cape-size is expected to be delivered in the fourth quarter of 2008 and three smaller Handy-size vessels are expected to be delivered in the fourth quarter. These vessels are already built and paid for. Meanwhile, Genco’s debt is among the highest in the industry at $989.3 million.
• It will also assume $216.3 million of existing debt and $262 million in remaining shipyard installments.

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• Ultra Financials
• Ultra Oil & Gas
• Ultra Real Estate

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• A more complete sales picture of how the Thanksgiving weekend fared won't be known until Thursday, when the nation's retailers report November same-store sales, considered a key indicator of retailer's health.

• In short, demand in China, India and elsewhere in the developing world is probably going to roar back and outstrip supply in 2011 or beyond.