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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 oldrancheron Mar 08, 2013 10:41pm
158 Views
Post# 21103477

Using pipelines makes most sense:

Using pipelines makes most sense:

Just think of the high labor costs and inefficientcy of breaking your potential flow of oil in a pipeline by seperating the oil into containers like train cars; and then having to empty each one at the destination;

so it is only one step worse to ship oil in smaller containers yet like tanker trucks; and only one step worse if most private vehicles going to the west coast, or whereever, could put a few pails of oil in their trunk, and when they get to the west coast, or wherever, then climb up a ladder and dump the pails into a vat or tank;(and get paid a few dollars for hauling); of course that gets more and more absurd, doesn't it.

The ONLY way to move any decent volume of oil accross land is by using a pipeline and pumping stations;

not stupid trains.  (although i do own a few shares of Canadian Pacific; so, go ahead and ship your oil by train; but it is economic nuts in the long run).

Agree that building a refinery on limited land on west coast has some risks; but if Mr Black can swing it, then thank goodness that B.C. is getting off the pot and doing something useful for a change.

 

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