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  • What's Going On With GASFRAC? [View article]
    New article on the future of CO2 gas fracking:

    http://bit.ly/112BN1e
    Nov 7, 2014. 01:17 PM | 2 Likes Like |Link to Comment
  • Is Himax A Buy After The Plunge? [View article]
    Here's a little DD from Digitimes. The date was October 7, 2014, 6 days before Chris' article was published (it pays to do a little research):

    http://bit.ly/Zrj0uA

    Cage Chao, Taipei; Steve Shen, DIGITIMES [Tuesday 7 October 2014]
    Some Taiwan-based LCD driver IC vendors, including Himax Technologies, Sitronix Technology and ILi Technology (Ilitek), have begun ramping up shipments of non-LCD driver IC products, which are expected to contribute significantly to sales and profit growth for the companies in 2014, according to industry sources.

    Himax has been ramping up shipments of its LCOS modules to international brands after it managed to ship the modules to Google for Google Glass, said the sources.

    Himax has also been landing more orders for its CMOS sensors, touch-controller ICs and TV ASIC devices, the sources added.
    Oct 14, 2014. 08:55 PM | 4 Likes Like |Link to Comment
  • Is Himax A Buy After The Plunge? [View article]
    This analysis is lacking in far too many ways. The first untruth is that "Much of Himax's upside rests on Google Glass". Himax's business is far more than Google Glass, which at present, provides little to no revenue stream. It's IC driver business is the workhorse with plenty of room to grow as are several other business lines. No mention of any other aspect of the business has been incorporated in your analysis, therefore your article must be dismissed as a simple hit piece. Perhaps you are being paid by a market-making short? Additionally, over the past few weeks 4-6 analyst upgrades on the stock have been issued (Credit Suisse and BofA/Merrill Lynch among them) yet you make no mention of this fact. Am I to believe that your reliance on a PC Magazine article, itself based solely on an admitted speculation, is the extent of your "market research" and "due diligence"? Perhaps "Google Glass" has "disappeared" is because after a thorough beta-test by Google, the engineers have gone back to the lab to create a much better product and at a lower price point. That is just as likely (perhaps more so) as your speculation that the device was a failure. Knowing the folks at Google makes me believe the idea of a better product in development is probably the sounder conclusion.
    Oct 13, 2014. 03:06 PM | 5 Likes Like |Link to Comment
  • Update: Himax Earnings [View article]
    I look forward to reading your future pieces on HIMX. I do mean "as of late" to include the past few months as well as since ER. Might be interesting to explore the relationship (if any) between the frequency of negative attacks, the rise or fall in short positions, and the increase or decrease in institutional ownership. It is my belief that HIMX has been under attack to allow large institutional investors to make bear raids and increase ownership in a stock that may be expected to make outsized gains in the years ahead.

    It is unfortunate that the NDAs tie the hands of management, but some of the shenanigans could be tempered by HIMX adopting a monthly dividend payment instead of the once-a-year format now in place.

    I remain extremely bullish on this security for the long run. I am now following you. Nice work.
    Aug 11, 2014. 01:19 AM | 4 Likes Like |Link to Comment
  • Update: Himax Earnings [View article]
    Devin, well done and well written. I would have liked to see your thoughts on why HIMX may have been subjected to such negative attacks of late. Perhaps fodder for a future article?

    Long HIMX and a core holding.
    Aug 10, 2014. 12:49 AM | 1 Like Like |Link to Comment
  • Greenland courting Alcoa to build smelter [View news story]
    And not coincidentally, Alcoa today announced the permanent closure of the remaining two pot lines at the Massena (NY) East smelter. This closure brings the total US closures to a near match of the capacity of the proposed new smelter in Greenland. Massena is a small town of just some 11,000 residents. The 300+ jobs at stake will drive a stake through the heart of this dying town. And all on the heels of a juicy new deal Alcoa struck with the New York Power Authority for cheap electricity from the St. Lawrence Seaway that US taxpayers paid for. On the news tonight it was announced that the Massena Mayor, New York Governor, and Alcoa brass were to have an emergency meeting in New York City tomorrow. Just another example of large international corporations wresting lucrative financial deals from local governments, then taking the jobs overseas. And they wonder why America is crumbling and the middle class is nearly gone.
    Jan 15, 2014. 09:10 PM | Likes Like |Link to Comment
  • What's Going On With GASFRAC? [View article]
    Jeb, yes that is correct. But the "Petroleum Gas" they use is mostly propane and having to write Liquefied Petroleum Gas gel and explaining what that is repeatedly gets to be a mouthful. For the purposes of the article it wasn't necessary to get into the exact chemistry. Most readers are familiar with the term propane. They use it in their outdoor grills, for example. Similarly, many readers are familiar only with the term "natural gas" and do not understand that natural gas is a very complex mixture of many gases as pointed out by reader bhanes, above. Not only would most readers not need such precision, it could become confusing and the point of the article be lost in the process. It's tough enough trying to get the idea across that fracking with propane is vastly different from fracking with water.
    Dec 13, 2013. 09:13 PM | 5 Likes Like |Link to Comment
  • What's Going On With GASFRAC? [View article]
    PWSB84, Terrace Energy is a privately-held LLC operating out of Fort Worth, Texas. As such, they are not required to disclose much information about their financial standings (or even who the corporate officers or board members are). A quick look at the company on Bloomberg/Businessweek confirms this. Their shares trade on two Canadian exchanges and in Germany. That's about all I know of Terrace (beyond what they post on their website). They, like many hundreds of other small E&P companies (often called wildcatters), are benefiting from the explosion in US-based exploration and drilling that hydraulic fracturing technology has brought to the industry. Their prospects for future profitability will depend on the expertise of their employees, their ability to strike profitable deals on land prospects, and, their good fortune.
    Dec 13, 2013. 08:52 PM | 2 Likes Like |Link to Comment
  • What's Going On With GASFRAC? [View article]
    bhanes, great comment (and accurate!). It's amazing how little the public seems to know about the energy industry in the USA and how important it is to our national well-being.
    Dec 10, 2013. 10:55 AM | 3 Likes Like |Link to Comment
  • What's Going On With GASFRAC? [View article]
    Bakken gas is being flared off (burned into oblivion) for several reasons. First, the price of natural gas is too low (due to the boom in nat gas drilling in the US) in the United States to make it profitable to collect, process, and store the natural gas in several areas. Second, the US has insufficient pipe capacity to get the nat gas from remote areas to where the gas is needed. Third, there is insufficient storage capacity to store the gas until needed. In the past year or two, the US actually used 100% of our nat gas storage facilities. This was in large part responsible for the dramatic decrease in the price of natural gas. Much of the rest of the world pays 3-4 times what we do for natural gas. That is why efforts to get permits for and then to build additional facilities to export natural gas are underway.

    As for rig counts, the best information is kept by Baker Hughes Investor Relations. You can access that information on their website
    or through the U.S. Energy Information Administration website at http://www.eia.gov
    Dec 9, 2013. 04:09 PM | 4 Likes Like |Link to Comment
  • What's Going On With GASFRAC? [View article]
    Bechler7734, I've been a share owner for even longer and have wondered the same thing. The technology they own is their best asset. But they have had issues with management from the beginning. This is often a problem with start-ups; they have a great idea but lack the managerial background and/or skill to successfully operate the company or shepherd its growth. The company will need to address this issue soon or face the likelihood that a bigger fish will swallow them up, patents and all. As for trained personnel, no doubt there is a training curve new hires must go through even if they have a conventional drilling background. There are new safety precautions that must be undertaken because, let's face it, propane gel is not water. Luckily, GasFrac has a very good safety record and have been approved by regulators where they operate.
    Dec 9, 2013. 03:45 PM | 4 Likes Like |Link to Comment
  • What's Going On With GASFRAC? [View article]
    joemark, there are technologies that use CO2, but as the delivery vehicle for the proppants. CO2 is not a proppant. Proppants are specially-treated sands and ceramic materials used to keep "propped open" the cracks or fractures in the rock and to allow the oil and natural gases trapped within to escape up the well head.
    Dec 9, 2013. 03:32 PM | 3 Likes Like |Link to Comment
  • What's Going On With GASFRAC? [View article]
    Thanks for the kind words. Monterey is coming. E&P companies are already fast at work on shale in California. Please feel free to forward the article to whomever you wish. The growth of natural gas usage in the USA will be a game-changer as we are now the lowest-cost energy economy in the world. That's the foremost driver of the change-over. But the environmental pluses that go hand-in-hand with that change should not be ignored. And to top it all off, the jobs are created here and the money stays here. The reason chemical and fertilizer companies are relocating and expanding into the US is proof of the long-term benefits.
    Dec 9, 2013. 03:29 PM | 5 Likes Like |Link to Comment
  • What's Going On With GASFRAC? [View article]
    The technology is the future; it has little to do with how well a start-up company is run. GasFrac has some issues with their management that if they don't correct, and soon, will almost certainly play into the hands of a larger, better-run, company who will buy GasFrac up at a bargain price, even if it's multiple time higher than today's share price.
    Dec 9, 2013. 03:21 PM | 6 Likes Like |Link to Comment
  • What's Going On With GASFRAC? [View article]
    Yes, the original frack (hydro- or gas-based) can be the source of tremors, but tremors can also be triggered when the hydro-frack driller forces the now salt-laden disposal water back into the rock formation using disposal wells. It is also not beyond conjecture that after a frack is completed, the sheer compression force on the fractured rock could squeeze shut some or all of the fractures despite the presence of proppants (sand or ceramic) causing further minor seismic events.
    Dec 9, 2013. 03:11 PM | 2 Likes Like |Link to Comment
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