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Michael Fitzsimmons  

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  • Open Letter To Exxon's Board: It's Time To Sell Assets To Reward Long Suffering Shareholders [View article]
    You are exactly right - and for an executive that holds a huge block of restricted stock, what is a better way to increase the value of those shares before they are vested? Answer: share buybacks. As for the dividend, other than BP (for obvious reasons), name me a peer that has reduced its dividend. STO's changes year-to-year based on earnings, but it has beaten XOM's every year by a very wide margin.
    Nov 5, 2013. 08:53 AM | 3 Likes Like |Link to Comment
  • Open Letter To Exxon's Board: It's Time To Sell Assets To Reward Long Suffering Shareholders [View article]
    Methinks you haven't calculated your 5 year total return on XOM.
    Nov 5, 2013. 08:50 AM | 3 Likes Like |Link to Comment
  • Open Letter To Exxon's Board: It's Time To Sell Assets To Reward Long Suffering Shareholders [View article]
    Thank you darvant. I am happy this article received your first Seeking Alpha comment. As a long-term XOM shareholder, I am sure you have been as frustrated as my family has been since T-Rex took the helm.
    Nov 5, 2013. 08:48 AM | 1 Like Like |Link to Comment
  • Open Letter To Exxon's Board: It's Time To Sell Assets To Reward Long Suffering Shareholders [View article]
    pemdas1: Over the time frame the article covers, XOM has spent close to $100 billion on stock buybacks. Considering the stock has gone nowhere during this time, I think the burden of proving it has been beneficial to ordinary shareholders falls on you, not me.

    As for your argument that one should simply "sell stock" to make up the difference in a poor dividend, you did not consider taxes. Many XOM shareholders have been long-term stockholders and held the stock during the glory years. Selling a share that has a cost basis of $10 when the stock is $90 isn't much of a solution for a poor dividend.
    Nov 5, 2013. 08:45 AM | 3 Likes Like |Link to Comment
  • 5 Natural Gas Transportation Stocks For 2013: October Update [View article]
    semxxx: yes, China is where the action is and note in the GTLS conference call CEO Thomas said (in a question about capacity):

    "Yes. The capacity -- the total E&C brazed aluminum heater capacity add is on the order of 10% to 12%. Building capacity to add more than that in the future. In terms of D&S, it probably opens up an additional 10% to 15% capacity capability, particularly for vehicle fuel tanks as we make the transition of the E&C equipment over to the new building. We are still very carefully looking at capacity additions in China for D&S."

    D&S = "Distribution & Storage"
    Nov 4, 2013. 03:01 PM | Likes Like |Link to Comment
  • 5 Natural Gas Transportation Stocks For 2013: October Update [View article]
    On GRLS: I just listened to the Q3 conference call and it appears one issue wrt China is due to the pollution issues in the northern part of the country, and winter coming on, there is a concern that more natural gas will be used for electric power generation and heating than originally expected, and therefore there is concern that, perhaps, less of China's natural gas supplies will be available for transportation, which obviously might affect GTLS's LNG business.
    Nov 4, 2013. 01:18 PM | Likes Like |Link to Comment
  • 5 Natural Gas Transportation Stocks For 2013: October Update [View article]
    semxxxxx: One good pick would be Chart Industries, which I profiled here:

    http://seekingalpha.co...

    Chart recently disappointed on Q3 earnings and had a sharp correction. You should read the transcript here:

    http://seekingalpha.co...

    and review the earnings announcement here:

    http://bit.ly/18TamCW

    The company appears to have missed primarily due to costs increases and slowing or delayed sales. As a result, they reduced previous guidance. All that said, I think GTLS is in an excellent position to profit not only in China, but sales momentum is building in the US as well. The stock is still richly priced, even after the recent selloff. That said, the growth prospects for 2014 are very good.

    A safer way to play the nat gas transportation boom would be to invest in suppliers. From that standpoint, big dividend paying companies like Conoco (COP) & Chevron (CVX) have very large scale LNG export facilities coming online in Australia. So these are some options you. Please read my disclaimer.
    Nov 4, 2013. 01:05 PM | Likes Like |Link to Comment
  • 5 Natural Gas Transportation Stocks For 2013: October Update [View article]
    Randall - the amount of natural gas being used in the long-haul trucking, fleet, bus, and refuse sectors in the US completely swamp and benefit of Tesla's and Leaf'. The amount of emissions and foreign oil imports being saved by fully electric EVs are a rounding error on the saving natural gas transportation is providing *today*. And this is remarkable because it is in spite of the billions the US government has thrown at EV and battery manufacturers - most of which, I might add, went bankrupt and were bought out by the Chinese for pennies on the dollars. So much for the "EV solution" pipe dream. Fully electric EVs are simply another distraction to keep the vast majority of Americans addicted to the status quo: gasoline and diesel. Don't take my word for it, just look at the numbers.

    Lastly, while Greenspan and Bernanke might have talked about the balance of payments, when did you ever hear either of them call out foreign oil imports as the major problem? When have either of them given a major policy speech about how this is a threat to the American economic system? Answer: never. How these two heads of the Federal Reserve could result to printing money out of thin air (now its just $85 billion a month...) to pay for our $33 billion a month (plus interest on the previous decades worth of imports..) is just beyond me. And of course Congress looks the other way because they are paid off to look the other way.
    Nov 4, 2013. 11:05 AM | 1 Like Like |Link to Comment
  • 5 Natural Gas Transportation Stocks For 2013: October Update [View article]
    Yeah, I read an old quote from McConnell today: "There is no education in the second kick of a mule." I wonder how many times he has been kicked? The man just loves coal.
    Nov 4, 2013. 10:38 AM | 1 Like Like |Link to Comment
  • 5 Natural Gas Transportation Stocks For 2013: October Update [View article]
    Randal - just one comment: despite being the #1 producer of natural gas, Exxon does not support it as a surface transport fuel (unfortunately). T-Rex is on record opposing natural gas transportation, but of course supporting natural gas for electric power generation. As an XOM shareholder, this is one problem I have with Rex (among many...): he buys XTO right before the bottom falls out in nat gas prices, and then fails to support a demand source (NGVs) that could help him dig out of the hole he has dug himself. So, in your last sentence, you cannot put big oil in a list of supporters for nat gas transportation. And you can strike the environmentalists too - they support on EVs as my article on Gore's hypocritical position illustrates:

    http://seekingalpha.co...

    And now that I am on a roll, you can take out the economists too: when did you ever hear Greenspan or Bernanke discuss the 1,000 lb gorilla in the room (foreign oil imports) or the benefits of natural gas transportation? When have you seen an article in the WSJ or Economist magazine publish an in depth analysis of the benefits of natural gas transportation?
    Nov 4, 2013. 08:44 AM | 3 Likes Like |Link to Comment
  • 5 Natural Gas Transportation Stocks For 2013: October Update [View article]
    MoreBob - thank you Bob. Yes, the I no longer think the US government will support natural gas transportation in any meaningful way. And that has been a bi-partisan effort. The special interests control Congress, and the most powerful of them (oil, refiners, coal, railroads, electric utilities) all are against natural gas transportation for obvious reasons. As such, the US is lagging the EU, China, Russia, Brazil, and many other countries in the buildout of nat gas refueling infrastructure and deployment of NGVs. Too bad we cannot find a candidate with the backbone to stand up and state the obvious: nat gas transportation can solve the economic, environmental, and national security problems the US has due to its decades long addiction to foreign oil imports. That said, it's going to happen anyway due to the over-whelming advantages of the fuel. It's just going to take much longer than in other countries, which is sad considering all the technology was developed here! The Chinese are running circles around the US:

    http://seekingalpha.co...
    Nov 4, 2013. 08:41 AM | 1 Like Like |Link to Comment
  • 5 Natural Gas Transportation Stocks For 2013: October Update [View article]
    Uain53: You welcome and thanks for reading. However, wrt production and nat gas transportation, I would point out that the Northeastern US is ripe for adopting natural gas transportation. Not only is the region close to the prolific Marcellus shale gas production, but the many concentrated urban centers nearby are perfect for a buildout of CNG refueling stations because of the potential for heavy traffic.

    I am glad to hear your are seeing more than Teslas in the Valley.

    WPRT: you are right, clearly Cummins, being a much bigger and established company, got the better end of the deal as it, basically, found a way to enter a new business (nat gas engines) on favorable financial terms. Can't argue with CMI as your nor with GE. GE has found its way back to its industrial roots with Immelt in charge. Thankfully, "Mr. Finance", Jack Welch is gone. It's amazing that CNBC worships him and that he has a "management school" after almost singlehandedly wrecking an iconic American company like GE. Immelt has been a godsend and is all over the energy assets the company has, and how big a role natural gas can play in the company's future. The oil & gas segment continues to be the fastest growing in the company's portfolio.
    Nov 4, 2013. 08:35 AM | 2 Likes Like |Link to Comment
  • 5 Natural Gas Transportation Stocks For 2013: October Update [View article]
    bob: you just don't get it do you? GE wants to be a big player in natural gas transportation because not only do they make valves, pumps, instrumentation, compressors etc. etc. for the natural gas drilling, transportation, and delivery business, but they also make the make products like Micro-LNG plants:
    http://bit.ly/1843Bi3

    So, what they are doing is teaming up with CLNE to buildout the natural gas refueling infrastructure and making it easier for truckers to own NGVs. After that, you can expect GE and CLNE to go after the CNG market for cars and trucks. So what you are witnessing is a strategic long-term investment plan being made by two companies who are betting that the days of dirty and expensive gasoline and diesel are coming to an end, and a future of clean, cheap, and domestic natural gas is going to win out because it is simply a superior fuel.
    Nov 3, 2013. 09:48 PM | 4 Likes Like |Link to Comment
  • 5 Natural Gas Transportation Stocks For 2013: October Update [View article]
    bob the investor: I will address your issues one-by-one since you seem to need a bit of hand-holding:

    1) If you will simply go to CLNE's IR webpage, you will see that for the first six months ended June 30, 2013, natural gas gallons delivered for CLNE totaled 102.5 million gallons, up from 92.3 million gallons for the six months ended June 30, 2012. So they not only operate stations, they deliver the natural gas to NGVs.
    2) not sure of your point here
    3) Had you clicked on the "strategic alliance" link provided in the article, you could have read the details of the GE/CLNE alliance yourself. Instead, I helped you in the article by noting (and I quote from the article):

    "Together with GE Capital, we're breaking down the barriers to entry that may have prevented some fleet owners from making the transition to natural gas. Our goal is to work with fleet operators to achieve a one-year payback on the incremental cost of natural gas heavy-duty trucks"

    I'll stick to engineering once you actually take the effort to read the article and perhaps click on a link or two and take the initiative to learn something on your own without being spoon-fed.
    Nov 3, 2013. 09:44 PM | 4 Likes Like |Link to Comment
  • 5 Natural Gas Transportation Stocks For 2013: October Update [View article]
    mypoorlife: If you are asking about Chart's mobile LNG delivery vehicles, I am quite certain Chart manufacturers the storage tank. Here is their product line:

    http://bit.ly/1cyzUx8

    If you are talking about NGVs in general, there are quite a few suppliers and it depends on whether you are storing LNG or CNG, and the size of the vehicle. You can get alot of information just googling "CNG storage tanks" or "LNG storage tanks". Thanks.
    Nov 3, 2013. 07:57 PM | Likes Like |Link to Comment
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