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PennyMac Mortgage Investment Trust T.PMT


Primary Symbol: PMT Alternate Symbol(s):  PMT.PR.A | PMT.PR.B | PMT.PR.C | PMTU

PennyMac Mortgage Investment Trust is a specialty finance company. The Company invests primarily in mortgage-related assets. The Company conducts all its operations, and makes investments, through PennyMac Operating Partnership, L.P. and its subsidiaries. The Company's segments include credit sensitive strategies, interest rate sensitive strategies, correspondent production, and corporate. The credit sensitive strategies segment represents its investments in credit risk transfer (CRT) arrangements, subordinate mortgage-backed securities (MBS), distressed loans, and real estate. The interest rate sensitive strategies segment represents its investments in MSRs, excess servicing spread (ESS) purchased from PFSI, Agency and senior non-Agency MBS and the related interest rate hedging activities. The Correspondent Production segment serves as an intermediary between lenders and the capital markets by purchasing, pooling and reselling credit quality loans.


NYSE:PMT - Post by User

Post by drdjmon Sep 24, 2010 3:22pm
345 Views
Post# 17490192

T Boone Pickins

T Boone PickinsI listened this AM to Mr Pickins on CBC, a 1/2 hour interview with a Vancouver host. It may be achived in the CBC vault. The gist of the conversation was how Mr Pickins is estimating the energy uses and resourses of the USA. The overriding part was his thinking that the US has 100 years of natural gas reserves  and they should be using them to replace the "dirty" oil from the middle east. His thinking on Albertas dirty oil was sure, yeah its dirty but what can we replace it with. With Alberta supplying 15% or so of the oil to the USA its obvious that solar, wind and other green power sources cant replace it, at least not for decades. The cheap technology needed isnt cheap yet. Replace Alberta dirty oil? With what dirty oil from the middle east?  I am thinking his is dirty political oil. 50% of US oil comers from countries on our dont visit list. These are Mr. Pickins quotes loosly translated.

Solar power cant be cost effective until natural gas hits 6.00. unless its heavily subsidized. Again his quotes.

Derek
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