These 2 Things Could Give DryShips 33% Upside

Jun. 9, 2014 9:23 AM ET | About: DryShips Inc. (DRYS), Includes: ORIG by: Quoth the Raven

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. (More...)

Summary

  • DryShips has been clipped      20% in the last three months.
  • Ocean Rig, majority owned      by DryShips, recently signed a significant drilling contract for 2015.
  • I continue to swear that      shipping rates cannot stay this low forever, and the Baltic Dry Index      continues to make

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Ethanol Producer Green Plains Has Plans to Feed Its Own Cattle

 

 

Green Plains Inc. (GPRE), which just became the first major ethanol producer to buy its own cattle-feed yard, has plans to milk it for more -- by buying the cattle too.

The fourth-largest ethanol maker in the U.S. bought the assets of Supreme Cattle Feeders from Agri Beef Co., including a feed yard and a grain storage facility near Kismet, Kansas, for $15 million. The move marks a shift for the Omaha, Nebraska-based company from selling distillers grain, a byproduct of ethanol production known as DDGS, to directly feeding it to cattle that the company plans to eventually buy, Todd Becker, Green Plains’ chief executive officer, said in a telephone interview today.

“As some of

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Where is liner shipping heading?

 
It could be an industry with mega-vessels or a monopoly

THERE are two incompatible but widespread views on today's liner shipping industry. One is that it is a highly efficient money-making machine that is increasingly dominated by a few players, to the detriment of cargo owners and, ultimately, consumers - PHOTO: BLOOMBERG

 

THERE are two incompatible but widespread views on today's liner shipping industry. One is that it is a highly efficient money-making machine that is increasingly dominated by a few players, to the

detriment of cargo owners and, ultimately, consumers. The other is that, despite continual efficiency gains, unregulated competition and resulting overcapacity prevent the

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Oryza White Rice Index - Holds Steady as Market Watches Thailand Political Crisis, El Nino Impact

 

The Oryza White Rice Index, a weighted average of global white rice export quotes, ended this week at $462 per ton, unchanged from a week ago, up about $7 per ton from a month ago and down about $17 per ton from a year ago. ThailandThailand 5% broken rice (new crop) is today shown at about $385 per ton, up about $5 per ton from a week ago, up about $10 per ton from a month ago and down about $110 per ton from a year ago. The Thai Rice Farmers Association is asking the current military government to consider alternatives to assist rice farmers after the rice pledging scheme ended in February 2014.  In addition to recommending financial assistance in the

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China Steel Game Changer ‘Good News’ Says World’s Biggest Mill

 

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ArcelorMittal (MT), the world’s largest steelmaker, welcomed the potential removal of a near 10-year block on overseas takeovers in China’s steel industry.

ArcelorMittal is one of the few foreign steelmills with investments in China since the ban on overseas control was imposed in 2005. The world’s top producer and consumer is considering scrapping the ban which may be a catalyst for global mills to revive a push into China’s $423 billion steel sector where demand is seven times greater than in the U.S., the next biggest market.

“It’s good news that the government is moving forward on reforms and liberalization on foreign investment,” Lakshmi Mittal, the billionaire chief executive officer of ArcelorMittal, said in an interview

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