| xiaotinp | Date: Tuesday, 2013-11-12, 00:00:28 | Message # 1 |
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| So our view on Energy XXI is that its core business of keeping production relatively flat and therefore cash flow flat has been good, and we've been very positive on the bonds for Energy XXI. But for the equity call, the progress being made on McMoRan and the extent of Energy XXI's participation in those programs is the material driver. In fact, we find this relatively small and really still fairly unknown name one of the more exciting stories in the sector.
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Another index that has an effect of winter weather in the United States is the Arctic Oscillation. This index fluctuated between positive and negative values. Positive values tend to keep much of the cold air locked across Canada. The index has turned negative recently and this could mean cold air will have an easier time moving southward. There are all sorts of combinations of both the NAO and AO that affect our weather. Last year both indices were negative and most likely heavily contributed to our rough winter. While we are gaining a better understanding of these indices, there is much more we can learn. There are other oscillations as well like the Pacific Decadal Oscillation (PDO) and the Madden Julian Oscillation (MJO) each playing a role in our weather. With so many combinations of the various indices you can quickly see why it can be hard to predict the future. Then there are El Nino and La Nina both of which have tremendous impacts on our weather. We have seen a double El Nino over the past few years. These phenomena are cycles of warming and cooling of ocean water in the Equatorial Pacific.
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I've noticed as the days grow longer and the sun shines brighter, my mood has lifted. I'm not as short with the kids, and the stack of papers on my desk doesn't seem quite as daunting. As a family, we walk the dog after school, shoot some hoops or head to the beach.
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