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Eric Fox

 
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  • Statistical Review of World Energy: Investment Trends to Watch [View article]
    Yes, I agree. If there was any chance of moving U.S. production higher over the next decade, the Gulf of Mexico was a big part of that.
    Jun 11 09:08 AM | Likes Like |Link to Comment
  • White Mountains and Berkshire Hathaway-Backed Symetra Financial Goes Public [View article]
    One interesting part of the Symetra IPO is that neither Berkshire or White Mountains is selling shares.
    Jan 21 11:59 AM | Likes Like |Link to Comment
  • Are There Any Real Bargains Left? [View article]
    Edward,

    Check out Weis Markets (WMK) - a story similar to ARDNA with high family ownership and no debt.
    Jan 7 06:30 AM | Likes Like |Link to Comment
  • Motorola Keeps Destroying Value [View article]
    Perhaps Motorola management should have considered that the sector was overvalued at the time due to investor hysteria over the Internet, instead of listening to short term oriented investors and analysts who kept telling them they had to get into this business.
    Nov 12 09:57 AM | 2 Likes Like |Link to Comment
  • Why Central Securities Corporation Looks Attractive [View article]
    Let's try it again:

    www2.bc.edu/~holderne/

    click on research and then on article entitled:

    Concentrated Ownership and Discounts on Closed-End Funds
    Nov 4 09:33 AM | Likes Like |Link to Comment
  • Why Central Securities Corporation Looks Attractive [View article]
    Here's the link, it didn't go through on the previous message:

    www2.bc.edu/~holderne/ConOwnershi...
    Nov 4 09:31 AM | Likes Like |Link to Comment
  • Why Central Securities Corporation Looks Attractive [View article]
    Investors interested in CET should read this article. It is very old but mentions a lot about CET and Wilmot Kidd, its manager.

    www2.bc.edu/~holderne/ConOwnershi...
    Nov 4 09:30 AM | Likes Like |Link to Comment
  • Why Central Securities Corporation Looks Attractive [View article]
    George...it's interesting that CET was probably one of the Closed end funds that were part of the 1929 mania that you wrote about here:

    quantinvestor.wordpres.../

    I wonder how many others besides CET are still around.
    Nov 4 09:21 AM | Likes Like |Link to Comment
  • Why Central Securities Corporation Looks Attractive [View article]
    Question - you say that the fair value is $3265 a share. What is the tangible book value per share of PRAC? Liquid publicly traded insurers will usually trade at a multiple of tangible book value.
    Nov 4 09:18 AM | Likes Like |Link to Comment
  • Expect Oil Prices to Rise: Three Major Oil Exporters Warn About Production [View article]
    It is a myth that the cost to find and develop oil and gas resources is continually moving higher. All the cost inputs into this process are intensely cyclical - this includes the cost to lease acreage, the cost to lease a rig, and other oil service costs.
    Sep 3 06:25 AM | Likes Like |Link to Comment
  • Expect Oil Prices to Rise: Three Major Oil Exporters Warn About Production [View article]
    Other facts about the OXY discovery - the 150-250 million BOE estimate is only based on the area delineated by six test wells ("We believe that there are between a 150 million and 250 million gross BOE of reserves within the small producing area delineated by the six wells drilled to date.")

    OXY has 1.1 million acres that are potential for this.
    Sep 3 06:22 AM | Likes Like |Link to Comment
  • Expect Oil Prices to Rise: Three Major Oil Exporters Warn About Production [View article]
    To isaac - just speaking about the OXY discovery - the finding and development costs will be less than $10 a barrel ("The combined finding, development, and lifting costs are expected to be significantly less than $10 of BOE.")
    Sep 3 06:17 AM | 1 Like Like |Link to Comment
  • Expect Oil Prices to Rise: Three Major Oil Exporters Warn About Production [View article]
    Occidental just found a new oil field that contains 150-250 million barrels of oil. They found this in California, a mature area where supposedly there is no oil left.
    online.wsj.com/article...
    Sep 2 05:59 PM | 1 Like Like |Link to Comment
  • Expect Oil Prices to Rise: Three Major Oil Exporters Warn About Production [View article]
    (Bloomberg) -- BP Plc, Europe’s second-largest oil company, reported a “giant” discovery at the Tiber Prospect in the U.S. Gulf of Mexico that may contain more than 3 billion barrels, sending its shares higher.
    Sep 2 03:53 PM | Likes Like |Link to Comment
  • Expect Oil Prices to Rise: Three Major Oil Exporters Warn About Production [View article]
    Any out there ever heard of BP and the Lower tertiary??
    Sep 2 03:44 PM | 1 Like Like |Link to Comment
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