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Michael Fitzsimmons

 
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  • StatOil: How Big Is The Bay Du Nord Discovery? [View article]
    The STO ADR is traded on the NYSE....not sure what you meant by "noted"...
    Aug 28 10:01 AM | Likes Like |Link to Comment
  • StatOil: How Big Is The Bay Du Nord Discovery? [View article]
    Nice analysis Kyle. But if you take the entire play into account, we could easily be looking at 500 million barrels -> $50 billion.

    If it's just Syria and the oil price, why is XOM only up 1% when STO is up 3%

    When did large oil discoveries not matter? This play could be huge considering the distance between the 3 discoveries and the middle one was "light, high quality" crude and the most northern discovery (Mizzen) was estimated to be 100-200 million barrels.
    Aug 28 10:00 AM | 2 Likes Like |Link to Comment
  • StatOil: How Big Is The Bay Du Nord Discovery? [View article]
    What I tried to show in the article (apparently not very successfully....) is that it is the entire play that is moving the stock. A 20 kilometer area with 3 discoveries, with the middle discovery having "light high-quality crude", I find all this together as potential for a very significant development. It is not inconceivable the entire play may have more than 500 million barrels of recoverable oil. But we don't know - STO is very slow and quiet on estimates. But clearly, shareholders in Norway (and Europe) were buying this morning.
    Aug 28 09:57 AM | 5 Likes Like |Link to Comment
  • Green Vision: A Solar Powered Desalination Plant With CAES Backup [View article]
    Hi darnaud - thank you. I think you hit on a key point - man has the technology and know-how to do many things in a more environmentally way. But it's the enrichment thing that's the problem. Here in the US, lobbyists control Congress to the point where almost all policies are for corporate enrichment, which increasingly funnels to the select few executives who run these companies. If the planet has any chance of reducing the current trend of rapid global warming, this "enrichment at all cost" paradigm must change.
    Aug 28 09:51 AM | 2 Likes Like |Link to Comment
  • Green Vision: A Solar Powered Desalination Plant With CAES Backup [View article]
    Hi Rick - Yes, I have. I sure hope the graphene filter can be commercialized because it would significantly reduce the pressure required which would, of course, reduce power requirements and thus cost. The use of graphene filters would make the design proposal in this article even more attractive.
    Aug 28 09:19 AM | Likes Like |Link to Comment
  • StatOil: How Big Is The Bay Du Nord Discovery? [View article]
    With respect to your $2.1 billion figure, what if the entire area were to be estimated to hold 500 million barrels of light-sweet crude? This is not out of the question considering Mizzen alone was 100-200 million barrels and the other two discoveries are 10-20 km away. 500 million barrels of light sweet crude could easily explain a $2 billion increase in the value of the stock.
    Aug 28 09:11 AM | 3 Likes Like |Link to Comment
  • StatOil: How Big Is The Bay Du Nord Discovery? [View article]
    By the way, why is it improbable that more information on well data isn't circulating among Norwegian shareholders? Considering many employees of the company work and live in Norway, it seems quite probable to me that well data is moving by word of mouth.
    Aug 28 09:09 AM | 2 Likes Like |Link to Comment
  • StatOil: How Big Is The Bay Du Nord Discovery? [View article]
    If it is only due to Syria, then why aren't all the other oil stocks up 3%?

    Here is a Bloomberg article on the subject:

    http://bloom.bg/1aPBOro

    Quote:

    “The discovery is particularly positive for the Harpoon and Mizzen discoveries made earlier in 2013, as the commercial potential of these increase,” Swedbank First Securities analyst Teodor Sveen Nilsen said by e-mail today. Bay du Nord and Harpoon are valued at about 1 kroner per share, he wrote.

    Statoil’s share price is also being helped by rising oil prices, Bank of America Merrill Lynch said in a note to investors. The bank raised its rating on the stock to buy.
    Aug 28 09:01 AM | Likes Like |Link to Comment
  • StatOil: How Big Is The Bay Du Nord Discovery? [View article]
    You may have missed the point: the Mizzen (by itself) was estimated to have 100-200 million barrels. The two discoveries this year in the same general area increase the commercial value of the first discovery.
    Aug 28 08:56 AM | 2 Likes Like |Link to Comment
  • Green Vision: A Solar Powered Desalination Plant With CAES Backup [View article]
    Thanks Rock. 80% would be great, but even with today's panels, solar arrays to power SWRO plants could make a lot of sense in some regions of the world. But 80% would certainly be a game changer if they could be manufactured economically.
    Aug 28 07:09 AM | 1 Like Like |Link to Comment
  • Green Vision: A Solar Powered Desalination Plant With CAES Backup [View article]
    Hi Jake: Yes, that would be a distributed solar power system, which is a bit more complicated and less efficient, but in theory could work. As for the waste water treatment, this is what they are doing in Singapore. Not sure if you have seen the documentary "Last Call At The Oasis", but I think it would interest you. They discuss the bottled water phenomenon, Las Vegas' approaching problem, in addition to Singapore's waste water treatment plant.
    Aug 27 09:03 PM | Likes Like |Link to Comment
  • Green Vision: A Solar Powered Desalination Plant With CAES Backup [View article]
    Hi experienced: I won't debate the what company has the highest efficiency solar panels, but I will say that great strides have been made in both efficiency and cost over the last decade and it is the concept in general that is important rather than the specific vendor chosen. Wrt China, if you read my first article on SWRO plants (the one on Consolidated Water, you will see many links in that article pointing to exactly how bad the problem is in China - it is horrific. Check out this map on ERII's website and look at all the installations on China's east coast:

    http://bit.ly/17MRV3I

    This is a great map - you can zoom in at different regions around the world and check out what is happening. SO, there are more SWRO units needed now and for a long time into the future (imho).

    As for your last comment, I think there is a need for an SWRO to be completely self sufficient. If we generate yet more CO2 to solve a fresh water problem that is partly because of all the CO2 already generated, well, it kind of defeats the purpose. That said, I would certainly agree it makes sense to integrate any solar array system into the grid and make use of the power in the most cost efficient way.
    Aug 27 06:18 PM | Likes Like |Link to Comment
  • Green Vision: A Solar Powered Desalination Plant With CAES Backup [View article]
    The desal plant, in effect, IS the water treatment facility...
    Aug 27 06:10 PM | Likes Like |Link to Comment
  • Green Vision: A Solar Powered Desalination Plant With CAES Backup [View article]
    vwdiesel10: Yes, I believe I commented on the large size of the array needed. But of course we are talking about the largest SWRO plant in the western hemisphere, so the example was illustrative. At the same time, I am sure you realize that many places that need fresh water - such as the Middle East and North Africa for example - have hundreds of thousands of square miles of desert which, even if we take some transmission losses, is still better than a power plant running on coal, oil, or even diesel (no offense). As for tidal power, all for it as long as it is economic and meets the power generation specification and constraints. The CAES systems are not cheap - one well designed unit should be sufficient. As for thermal, when I was a young engineering student at Ga Tech there was a thermal plant, using computer controlled mirrors to track the sun, on the campus. That was in the late 1970s. It has never seemed to catch on like solar arrays made from panels. Thanks for the thought provoking comment.
    Aug 27 06:09 PM | 3 Likes Like |Link to Comment
  • Mobile LNG Delivery Fueling Chart Industries' Growth In China [View article]
    Thank you Mudbug. If I get around to it, I'll ask an SA editor to correct it.
    Aug 27 03:08 PM | Likes Like |Link to Comment
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