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Michael Fitzsimmons

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  • Tesla Motors Vs. Clean Energy Fuels [View article]
    Hello spielman: I quizzed Toyota as to why this vehicle was not being made available. After many phone calls, I finally talked to a spokesperson in California who implied the reason the car was not going forward in the US was because the government was not supportive. Can you imagine that? A car that solves all the economic, environmental, and national security problems the US has and the gov wants none of it. Hmmmm. Could it be that SuperPAC control of Congress wants to maintain the status quo (gasoline, oil, coal)? And this is exactly why they are pushing EVs - they know it won't actually fix the problems, but it will maintain the status quo. As for FSYS, I contacted them and TM and suggested they market the two products together so they be bundled when the vehicle was bought and could be financed together. It would be great news for FSYS and its "Phill" product line, and the added volume would likely bring the cost of the home nat gas refueling appliance way down. Any relation to the OSU football player?
    Apr 25 02:24 PM | 1 Like Like |Link to Comment
  • Whiting Petroleum: Q1 Production Up 10%, Net Income Down [View article]
    I haven't considered that because it doesn't compute to me. Other companies seem to be able to grow earnings....stock prices usually follow earnings higher. Without the earnings, I don't see how WLL goes up unless it is taken over.
    Apr 25 01:13 PM | Likes Like |Link to Comment
  • Exxon's (XOM -1.1%) headline earnings beat isn't holding up to investor scrutiny, as shares slide on concerns about declining production, lower profits and a reduction in money set aside for share buybacks. Earnings for XOM’s bread and butter upstream E&P business were lower. The earnings beat was mostly focused in the corporate segment with modest outperformance from operational segments. [View news story]
    From the earnings report, the beat was due in part to excellent performance in both the US refining and chemicals segments. This is why investors should take a look at Phillips 66 (PSX), which not only has extensive domestic refining operations, but also is 50% owner in CPChem, the Chevron Phillips chemical company.
    Apr 25 12:55 PM | Likes Like |Link to Comment
  • Whiting Petroleum: Q1 Production Up 10%, Net Income Down [View article]
    Yeah - that's what I thought - production growth would drive earnings which would drive the stock. I got the production growth I was looking for, but not the earnings (and not the stock price appreciation). Maybe a white knight will come in and swoop up the company (and my shares).
    Apr 25 12:45 PM | Likes Like |Link to Comment
  • Exxon Mobil: Buyback Heavy, Dividend Light [View article]
    As I have said many times, XOM has its shareholder return priorities backwards: dividends directly to shareholders should be at least on par with share buybacks. XOM has a 2:1 ratio in the wrong direction (in 2012: $20 billion in buybacks, $10 billion in dividends).
    Apr 25 12:35 PM | 1 Like Like |Link to Comment
  • Exxon Mobil: Buyback Heavy, Dividend Light [View article]
    That used to be the case. But over the last 5 years, it seems to me that CVX has taken over as the leader. Indeed, their per barrel metrics are the best in the industry. That is one reason why I wrote this article on why CVX is the best integrated oil company in the world:

    http://seekingalpha.co...

    the other reasons are CPChem (50-50 JV with Phillips 66), the best chemical company in the world, and CVX's production growth profile going forward.
    Apr 25 12:33 PM | Likes Like |Link to Comment
  • Whiting Petroleum: Q1 Production Up 10%, Net Income Down [View article]
    washutoo: yes, I am not surprised the analysts don't question the company on the matter (which so obviously needs to be questioned...). I have noticed on alot of various company conf calls, the analysts seem to just go along with things. Either that, or they expected and fully understand the reasons for these results.
    Apr 25 12:22 PM | 1 Like Like |Link to Comment
  • Whiting Petroleum: Q1 Production Up 10%, Net Income Down [View article]
    Paulus - thanks for those valuation metrics. I think the low valuation is a result of the company not being able to grow earnings while production is moving nicely higher.
    Apr 25 12:18 PM | 1 Like Like |Link to Comment
  • Cobalt Energy (CIE +1.8%), which has doubled in value since going public in 2009 but still trades at a substantial discount to the value of its underlying assets, is turning into a takeover target for energy companies attracted to its oil finds from Africa to the Gulf of Mexico, Bloomberg writes. CIE’s assets are "a needle mover" for a large international player, Guggenheim says. [View news story]
    For a review of Cobalt's properties:

    http://seekingalpha.co...
    Apr 25 10:50 AM | 1 Like Like |Link to Comment
  • U.S. LNG Exports - No Cause For Alarm [View article]
    The alarm bell should be rung because US policymakers, despite the lowest natural gas prices in the world and a still hefty foreign oil import bill, refuse to adopt a strategic long-term comprehensive energy policy centered on natural gas transportation to solve the economic, environmental, and national security the country faces as a result of its decades long reliance on foreign oil. Exporting natural gas to the EU and China (which despite 3x the nat gas price of the US) so they can use it to implement their strategic nat gas transportation policies, while we are still importing foreign oil, is ridiculous.
    Apr 25 10:34 AM | 14 Likes Like |Link to Comment
  • Exxon, Chevron, Conoco: Q1 Earnings Preview [View article]
    Yes, I expect CPChem to deliver excellent results. Since PSX got ~20% of its net income in 2012 from CPChem, I think it will goose the stock a bit.
    Apr 25 09:46 AM | Likes Like |Link to Comment
  • Exxon, Chevron, Conoco: Q1 Earnings Preview [View article]
    XOM delivered very good results from its US downstream and chemical operations. This bolds well for both CVX and PSX due to their refining operations and CPChem, the best chemical company in the world and a 50-50 joint venture between CVX and PSX.
    Apr 25 08:54 AM | Likes Like |Link to Comment
  • Exxon Mobil: Buyback Heavy, Dividend Light [View article]
    Q1 2013: another $5 billion on buybacks. Looks like XOM is on track for another $20 billion dollar buyback year.
    Apr 25 08:47 AM | Likes Like |Link to Comment
  • Exxon, Chevron, Conoco: Q1 Earnings Preview [View article]
    COP reports earnings of $1.42/share - below last year (because of PSX spin-off and dispositions) but in-line with estimates:

    http://bit.ly/15Jn3nv

    XOM reports earnings $2.12/share, a $0.07 beat. A quick glance shows the beat was because of better performance in the chemicals sector:

    http://exxonmobil.co/1...
    Apr 25 08:37 AM | Likes Like |Link to Comment
  • Exxon Mobil: Buyback Heavy, Dividend Light [View article]
    That is one good reason - especially considering XOM's credit rating is better than the US government. But there is another reason: geopolitics. If there were to be a significant disruption of oil production/transport in the Persian Gulf, XOM would act like an insurance policy. Lastly, if the world economy ever begins to grow again, XOM's chemical, refining, and oil production operations would benefit and its earnings would grow as well.
    Apr 25 08:29 AM | Likes Like |Link to Comment
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