Well-known investor and CEO of Loews Corporation (L) James Tisch was on CNBC to discuss the U.S. economy, his outlook, his views on business environment, natural gas and offshore drilling. Loews has good view into the U.S. economy as they operate a portfolio of businesses ranging from offshore drilling to hotels, to insurance.
-- U.S. economy is bumping along.
-- There is an inflation story that still needs to unfold. He thinks inflation is coming.
-- Demand for offshore drilling is growing as demand for natural gas is improving.
-- Day rates are up from $4,000 per day from couple of years ago to $6,000 per day.
-- Natural gas spot prices are close to $4, way up versus where they have been. Though natural gas prices will not go beyond this as there is so much supply.
Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC.
Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.