Exxon's Secrets
- Thread starter Cobster
- Start date
looks like a 10 year old made the site
andit opens with JUNK SCIENCE. That makes for a good place to close it.
andit opens with JUNK SCIENCE. That makes for a good place to close it.
Serious answer to a serious question(?)
There are many different types of public company, but to meet the basis criteria, any person who can come up with the $ for at least one share has the right to buy in.
The largest cos have literally millions of retail (i.e. people) shareholders, ranging from tiny investors of modest means to the very wealthy. However in recent times huge chunks of shares are often controlled by private equity funds (usually but not always the rich), mutual funds (again often small investors) and, PENSION funds (often theoretically 'owned' by small pensioners).
In most jurisdictions if one investor (group) gets >90% control, they can squeeze out the small shareholders and take the firm private (a periodic cause of litigation).
In some areas (i.e. Canada) there are different classes of stock. While the small shareholders share in the profits, only the controlling family gets to vote with their 'special' shares (i.e. Canadian Tire).
papasmerf said:
There are many different types of public company, but to meet the basis criteria, any person who can come up with the $ for at least one share has the right to buy in.
The largest cos have literally millions of retail (i.e. people) shareholders, ranging from tiny investors of modest means to the very wealthy. However in recent times huge chunks of shares are often controlled by private equity funds (usually but not always the rich), mutual funds (again often small investors) and, PENSION funds (often theoretically 'owned' by small pensioners).
In most jurisdictions if one investor (group) gets >90% control, they can squeeze out the small shareholders and take the firm private (a periodic cause of litigation).
In some areas (i.e. Canada) there are different classes of stock. While the small shareholders share in the profits, only the controlling family gets to vote with their 'special' shares (i.e. Canadian Tire).
So from what you are saying people with retirement accounts might be one of those benifiting from the high oil prices.Bear669 said:
Where the profits go
Yup.
Over the last several years pension funds have become huge, and they could not find enough pure 'safe' fixed income investments (govt & corporate bonds, real estate) to meet their need to invest and get the kind of return that is needed to meet their long term pension payment obligations.
Given the long term positive returns in the stock markets, the funds were allowed (rules were changed in some jurisdictions) to invest in equities.
Indeed the biggest players (i.e. Ontario Teachers Pension Plan) have gone beyond the public market, and made many astute private investments ($billions).
However its a sad fact that despite excellent results, OTPP (& others) still cannot create enough cash to meet their estimated long term requirements.
AND if we experience a major market crash, the funds, and therefore the pensioners will get hammered.
papasmerf said:
Yup.
Over the last several years pension funds have become huge, and they could not find enough pure 'safe' fixed income investments (govt & corporate bonds, real estate) to meet their need to invest and get the kind of return that is needed to meet their long term pension payment obligations.
Given the long term positive returns in the stock markets, the funds were allowed (rules were changed in some jurisdictions) to invest in equities.
Indeed the biggest players (i.e. Ontario Teachers Pension Plan) have gone beyond the public market, and made many astute private investments ($billions).
However its a sad fact that despite excellent results, OTPP (& others) still cannot create enough cash to meet their estimated long term requirements.
AND if we experience a major market crash, the funds, and therefore the pensioners will get hammered.
goodtime
Travelaholic
That was fund manager for OTPP's response when interviewed on ROB, tough to please members. Like OTPP, Caisse owns tons of biz, trying to get into seaports, airports, etc. Some consider them and hedge funds help hype the high commodity prices with speculation.
