tybs
everyone is sure "they" called it
kek
the stupidity in there now is beyond extreme
it's a pretty dismal looking place imo
right up next to the airport and looks like it needs a pressure wash
Trafigura Boosted Oil Tanker Fleet by 70% as Crude Went Negative
Trafigura Group boosted its shipping fleet by 70% in April last year to profit from the wild price swings in the oil market caused by the pandemic, the company’s CEO said.
As government-ordered lockdowns destroyed about a quarter of normal oil demand, Trafigura secured as many oil tanker ships as it could to store the excess, Jeremy Weir, Trafigura’s chairman and chief executive officer said at the Future Investment Initiative conference in Saudi Arabia. “We anticipated the demand destruction so we were able to ensure we were able to move the cargoes and buy the cargoes,” Weir said.
U.S. oil futures briefly plunged below zero in April as monthly contracts expired and holders desperately sought tanks to store the oil. Trafigura didn’t foresee negative prices but “what we did expect to see was an issue around storage and an issue around supply chains,” said Weir.
At one stage last year, the market was so glutted that Trafigura was using everything from giant supertankers to tiny barges to hold barrels, Ben Luckock, the firm’s co-head of oil trading said at the time. The unprecedented volatility proved a boon for traders such as Trafigura, who had access to ships and tanks to fill with crude. They were able to take advantage of a market structure known as contango that allowed them to sell forward futures contracts to lock in profits and deliver the oil later at higher prices.
Trafigura posted its best ever trading profits in its fiscal 2020 year, which runs to the end of September. It earned a record $5.3 billion in gross profit from oil trading, a threefold surge from the year before. April, when oil prices went negative, was the busiest in the closely held company’s 27-year history even as most employees were working from home, Weir said.
“It really was an extraordinary time,” he said.
https://www.bnnbloomberg.ca/trafigura-boosted-oil-tanker-fleet-by-70-as-crude-went-negative-1.1555662
from May 31 2020
Trafigura investigated for alleged corruption, market manipulation
https://www.theguardian.com/world/2020/may/31/trafigura-investigated-for-alleged-corruption-market-manipulation
it's baaaack…..
WeWork in talks to go public through SPAC deal
Office-sharing startup WeWork is in talks to go public through a merger with a special purpose acquisition company (SPAC), the Wall Street Journal reported here on Thursday, citing sources familiar with the matter. WeWork did not immediately respond to a Reuters request for comment.
https://www.reuters.com/article/wework-spac/wework-in-talks-to-go-public-through-spac-deal-wsj-idUSL4N2K34KV
UPDATE:RH is automatically selling shares
https://twitter.com/primordial_oops/status/1354865278111404036
‘You’ve got to have a cop on the beat’: Elizabeth Warren slams SEC over GameStop chaos
Sen. Elizabeth Warren lambasted the Securities and Exchange Commission on Thursday, blaming the regulator and its failure to act for a chaotic dayslong blitz of market speculation.
“We need an SEC that has clear rules about market manipulation and then has the backbone to get in and enforce those rules,” Warren said.
She joined CNBC after wild swings in a handful of stocks forced popular trading app Robinhood to restrict access to the high-flying stocks at the center of the controversy.
The SEC did not immediately respond to CNBC’s request for comment.
Warren, a longtime critic of Wall Street, spoke to CNBC’s “Closing Bell” as individual traders took to Reddit, Twitter and other social media platforms to protest Robinhood’s move to curb trading. The public outrage came after the California-based brokerage announced earlier on Thursday that it would bar customers from buying additional shares of companies including GameStop and move theater operator AMC Entertainment. It still allows customers to sell those stocks from their current portfolio.
Investors on the irreverent WallStreetBets Reddit led an effort to “squeeze” short sellers to cover their bets in such stocks and, as a result, have sparked a frenzy of volatile trading in recent sessions. Many of those retail investors sparked the short squeeze through Robinhood’s popular trading app. Videogame retailer GameStop is up 250% so far this week, AMC is up 145% and headphone maker Koss, another “squeeze” target, is up a whopping 1,100%.
But Robinhood’s decision, which it says was motivated by “extraordinary volatility in the markets,” sparked criticism from both sides of the political aisle. Rep. Ro Khanna, D-Calif., a progressive who represents Silicon Valley, called for “more regulation and equality” and questioned the fairness of preventing individuals from buying.
“While retail trading in some cases, like on Robinhood, blocked the purchasing of GameStop, hedge funds were still allowed to trade the stock,” Khanna said. By buying GameStop or AMC equity or call options, retail investors have forced investors betting against the stock, known as short sellers and oftentimes hedge funds, to cover their positions by buying back shares in an effort prevent further losses.
When this occurs en masse, it can lead to a feedback cycle and a spike in a stock’s price.
https://www.cnbc.com/2021/01/28/elizabeth-warren-gamestop-robinhood-market-manipulation.html
the effing Hubris here..wut did you do about it pocahontas??
Elon disingenuous with this.
He had the short bus attack him on Tesla and he cried like a pussy.
from today BI Oz edition so date in Jan 29
Elon Musk tried, and failed, to throw out a defamation suit filed against him by an outspoken Tesla critic and short-seller
A judge has denied Elon Musk’s request to toss out a defamation lawsuit filed against him by an outspoken Tesla critic. Randeep Hothi, a Tesla short-seller, claimed in a lawsuit filed last August that Musk defamed him and injured his reputation by writing in an email that Hothi had “almost killed Tesla employees.”
Musk tried to overturn the lawsuit, but his attempts were unsuccessful. Judge Julia Spain of Alameda County Superior Court in California rejected Musk’s claims that the lawsuit was baseless and an attempt to stifle his free speech.
In a ruling published on Wednesday, the judge said there were grounds for a trial, adding that Hothi could win. Spain ruled that Musk’s statements about Hothi were not protected under California’s Anti-SLAPP statute, which allows lawsuits to be dismissed quickly if they interfere with the defendant’s free speech, as Tesla did not demonstrate that Musk’s statements were made in connection with a matter of public interest.
Tesla did not immediately respond to Insider’s request for comment.
dis wud help
https://www.businessinsider.com.au/musk-hothi-failed-throw-out-tesla-critic-defamation-lawsuit-legal-2021-1
SAM663 USAF G5 west from JBA
99-6143 USAFSOC C-32B departed Ft. Campbell, KY after quick ground stop and heading to Bragg
Looks like someone getting some seat time in tail #18-1942 as VENUS62 and back at JBA from Nashville and Atlanta.
SAM621 USAF C-40B State Dept AC ne from Dyess AF, Abilene TX ground stop
SAM601 USAF C-32A departed Lake Charles, LA after ground stop -origin Lackland AFB overnight and at Grand Junction Colo. the day prior
SAM663 and 646 wn from JBA
99-6143 USAFSOC C-32B sw from Bragg ground stop
RUFF01 US Navy E-6B Mercury on final at Pax River from Tinker AFB
SpaceX valuation to hit at least $60 bln in new funding round
Elon Musk's rocket company SpaceX could be valued at a minimum of $60 billion as it finalizes a funding round expected to close in February, Business Insider reported on Thursday, citing three people familiar with the matter. The latest round is expected to price each share between $325 and $350, the report said. The report added while details of the deal are still being ironed out, it is possible that SpaceX's valuation could reach as much as $92 billion, up from a $46 billion valuation in a funding round in August.
https://www.nasdaq.com/articles/spacex-valuation-to-hit-at-least-%2460-bln-in-new-funding-round-business-insider-2021-01-28
Robinhood is said to draw on credit lines from banks amid tumult
Robinhood Markets, the trading app that’s popular with investors behind some of this month’s wildest stock swings, has drawn down some of its credit lines with banks, according to people with knowledge of the matter.
The firm has tapped at least several hundred million dollars, one of the people said. Lenders include JPMorgan Chase & Co. and Goldman Sachs Group Inc. A representative for Robinhood declined to comment.
https://www.bnnbloomberg.ca/robinhood-is-said-to-draw-on-credit-lines-from-banks-amid-tumult-1.1555809
Vid. segment at linky
Look out for the SAM flights, I think there may be one still over.
If you see moar than 3 C-17's going somewhere is one
Since we've had the BUFFS up the last few weeks keep eye out for those too.
Those not too easy to catch but you can look for the tankers that refuel them just south of eastern spain with QIDXX id's-they come from Mildenhall in england.
TIMER is a heavy Recon/SIGINT AC
and being visible is not too common
Usually see tankers and on rare occasions you catch a fighter or hawkeye (most recent) coming off a carrier
cap
Joint STARS
https://www.af.mil/About-Us/Fact-Sheets/Display/Article/104507/e-8c-joint-stars/