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Michael Fitzsimmons

 
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  • Is This End Of The Line For Energy Bulls? [View article]
    The IEA's World Energy Outlook 2013 predicts the global oil demand to reach 101 million bpd by year 2035 from today's around 87 million bpd. That seems like a pretty bullish outlook for long term oil prices:

    http://bit.ly/17oVU9m

    That said, in the US, we have refining industry that re-tooled for heavy oil from Venezuela, Saudi, and Canada. So if the US cannot export light sweet tight oil, what is going to happen to mid-continent oil prices in the short term? It will be interesting to see. That said, recently we have seen more pragmatic energy policies - like the EPA's desire to reduce the ridiculous ethanol mandates. Who knows, perhaps the gov will get ahead of the curve (for once) and look into the potential over-supply of light sweet tight oil and craft smart energy policy to enable intelligent management of this supply. Otherwise, there is the possibility of a big disruption in the refining industry to re-tool (again).
    Nov 20, 2013. 09:06 AM | 2 Likes Like |Link to Comment
  • Energy Recovery Inc: Squeeze Likely Over, It's Back To Fundamentals [View article]
    Yes, I saw that purchase and I agree SWRO will be a long-term growth industry, especially for China and the Middle East, but also right here at home for California and Florida.
    Nov 20, 2013. 08:44 AM | Likes Like |Link to Comment
  • Permian Basin Royalty Trust: High Yielder Is Growing Distributions, Production, And Reserves [View article]
    I agree. There was a huge uptick in cap-ex this month reducing net production to the trust. I think the trust needs to smooth out the month-to-month expenditures such that the distribution is a bit more consistent. I like the production growth the cap-ex is delivering, but I don't care for the volatility of the trust price on a month-to-month basis.
    Nov 20, 2013. 08:13 AM | Likes Like |Link to Comment
  • Phillips 66: Texas LPG Export Terminal Means Dividend Growth For Shareholders [View article]
    Thanks Wally and rednose - I appreciate you guys' readership.
    Nov 20, 2013. 08:11 AM | Likes Like |Link to Comment
  • Phillips 66: Texas LPG Export Terminal Means Dividend Growth For Shareholders [View article]
    aero - ah, you caught that. good eye. As defined by the EIA, xTL refers to liquid fuels that are created from biomass, as in biomass-to-liquids (BTL); from natural gas, as in GTL; and from coal, as in CTL.
    Nov 20, 2013. 08:09 AM | Likes Like |Link to Comment
  • King Coal Takes Another Blow To The Head [View article]
    An article from The Economist magazine on why a warmer planet doesn't necessarily mean more storms, but that the storms that are created will be likely be much more severe:

    http://bit.ly/18nw5r4

    And I believe this is exactly what common sense observations are showing.
    Nov 20, 2013. 08:04 AM | 1 Like Like |Link to Comment
  • Phillips 66: Texas LPG Export Terminal Means Dividend Growth For Shareholders [View article]
    Thanks Bobco23 - glad you found the article worthwhile. I didn't pay too much attention to the LPG export terminal announcement. But when I read the expected returns from the CEO's statements in the Q3 transcript, my eyes popped out. The fact that the company already owned the land where the export terminal is be located, along with its proximity to existing midstream infrastructure, well, it all adds up to some very nice long term ROI.
    Nov 19, 2013. 06:30 PM | 6 Likes Like |Link to Comment
  • Why Did Buffett Reduce ConocoPhillips Stake And Add Exxon Mobil? [View article]
    So you are looking for businesses a fool can run? Does Google or Apple qualify? I am not sure that is "THE" question to ask when looking for a company to invest in. Besides, if anything, Buffet's trading of COP is a contrarian indicator. Adios COP? Ha! COP isn't going anywhere - they are thriving. In case you missed it, COP had much better Q3 earnings than did XOM. Lastly, it's not like Buffet sold all his COP - only ~44% of his position. Good thing too, COP is up about 20% more than XOM in 2013.
    Nov 19, 2013. 05:10 PM | Likes Like |Link to Comment
  • Enerplus: Out Of The Woods And Yielding 6% [View article]
    Thanks guys. Luckily, with or w/o a flashlight, ERF not only found the Bakken, but recently a new completion technique that appears to be a very positive catalyst going forward. I'm also eagerly looking forward to their downspacing results early next year.
    Nov 19, 2013. 03:24 PM | 1 Like Like |Link to Comment
  • Petroleum & Resources: A 7.2% Yield, A 14.7% Discount To NAV, And A Big Slug Of Exxon [View article]
    Yes, I believe I pointed that out in the article (see chart). I also pointed out that the two investments have different objectives: PEO is more oriented toward an energy and resource investor who wants more income with less risk than an ETF like XLE can provide.
    Nov 19, 2013. 12:12 PM | 1 Like Like |Link to Comment
  • Petroleum & Resources: A 7.2% Yield, A 14.7% Discount To NAV, And A Big Slug Of Exxon [View article]
    So you don't see a benefit in the distributions being primarily long-term capital gains as opposed to ordinary dividend income?
    Nov 19, 2013. 11:59 AM | 1 Like Like |Link to Comment
  • King Coal Takes Another Blow To The Head [View article]
    Article in the WSJ saying new EPA regulations will effectively ban new coal-fired plants:

    http://on.wsj.com/1h0kSkH
    Nov 19, 2013. 08:24 AM | 2 Likes Like |Link to Comment
  • King Coal Takes Another Blow To The Head [View article]
    McGonicle: I think you missed my point. I am not arguing that nat gas does not have an organic origin (or biogenic as you put it). That is obvious to anyone that eats Mexican food on a regular basis. My point is that natural gas is so prevalent and abundant in the universe because there is strong evidence suggesting it also has an "inorganic" origin - i.e. the big bang.
    Nov 19, 2013. 08:23 AM | Likes Like |Link to Comment
  • King Coal Takes Another Blow To The Head [View article]
    Bill - put it all together. A couple years ago the US had more tornadoes in one day (ONE day), then the entire full year average. Put it together with everything else we are seeing. Try to be objective and look at all the data with an open and unbiased mind.
    Nov 19, 2013. 08:21 AM | Likes Like |Link to Comment
  • King Coal Takes Another Blow To The Head [View article]
    It's amazes what nature can show you if you just take the time to observe it with an objective and open mind.
    Nov 19, 2013. 08:19 AM | Likes Like |Link to Comment
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