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Michael Fitzsimmons

 
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  • Canadian Heavy Crude Prices Are Rising: Suncor Rakes In The Dough [View article]
    Yes it would. Last quarter MRO had over 50,000 boe in oil sands production.
    Jun 9 11:49 AM | 1 Like Like |Link to Comment
  • Chevron Is A Strong Buy [View article]
    You may be right Coolblue. But if Oxen waits for a 15% correction from here to obtain a position in CVX, they may never get into the stock. But as you said, there are rumors of "too much oil" (which kind of makes me smile - can the world ever have too much after $150/barrel prices?), and a significant decline in oil prices would affect all oil companies, including CVX.
    Jun 7 03:44 PM | 1 Like Like |Link to Comment
  • Chevron Is A Strong Buy [View article]
    Thanks Mark and so far your buy is looking non-allergenic. The $1/share quarterly dividend may also help build up your immune system.
    Jun 7 01:13 PM | 1 Like Like |Link to Comment
  • Chevron Is A Strong Buy [View article]
    Good action Tortoise and it proves the old adage that slow and steady sometimes does indeed win the race.
    Jun 7 01:08 PM | 1 Like Like |Link to Comment
  • Chevron Is A Strong Buy [View article]
    I still think the odds are CVX sees a 15% upside ($138) before a 15% downside ($102). While we wait to see, we can bank the $1/share quarterly dividend.
    Jun 7 06:47 AM | 1 Like Like |Link to Comment
  • Chevron Is A Strong Buy [View article]
    TraderFx(1): Can you explain to me the technical analysis leading you to think the stock will trade to down to $108-109?
    Jun 7 06:31 AM | 1 Like Like |Link to Comment
  • Permian Basin Royalty Trust: The Merry Merry Month Of May [View article]
    Thanks for the info Pablo. My understanding is that COP, as the operator, bills PBT for its share of the cap-ex. At the same time, COP has alot of Permian acreage and I'd be surprised if COP did not have a WI in some of the wells - otherwise, how would they have ended up as the operator?
    Jun 5 07:14 PM | 1 Like Like |Link to Comment
  • Phillips 66's Midstream Business Is Poised For Impressive Growth [View article]
    Thank you goldseal. All I can say is I believe PSX will have excellent earnings this year, I think the MLP IPO later this year will be a success, and I think PSX dividend growth will be impressive.
    Jun 3 06:21 PM | 1 Like Like |Link to Comment
  • Dresser-Rand: This Mid-Cap Could Easily Double In 2 Years [View article]
    1sd: The company announced Q1 earnings in late April and posted sales and net income up 16% and 39%, respectively. Sales were a bit disappointing, but if you read the transcript, the company said some sales didn't close in the quarter, they would be lumpy, and they would be backend loaded. Shortly after, the stock rallied nicely in May from $54 to $65. There was some profit taking recently during a few rocky market sessions. But I view it as a buying opportunity:

    *** Full Disclosure: I bought DRC shares this morning.

    Honestly, I cannot believe this company has not been bought out. They have a great business. If Siemens let's GE gobble up DRC, they will be in a real tough competitive position going forward.
    Jun 3 03:54 PM | 1 Like Like |Link to Comment
  • Dresser-Rand: This Mid-Cap Could Easily Double In 2 Years [View article]
    Thank you TnT. My Dad actually worked for Clark Brothers, and then Dresser Clark, many decades ago. They were real pioneers in this industry. Interesting history of DRC on their website going back to the late 1800's.
    Jun 3 12:40 PM | 1 Like Like |Link to Comment
  • Intel Puts The Final Nail In The ARM Cost Myth Coffin [View article]
    I remember reading a very negative article written by you in the summer or fall of 2012. The stock was about 25 then. Its over 40 now. Hopefully your short position in the stock was taken recently!
    Jun 3 08:55 AM | 1 Like Like |Link to Comment
  • 5 Natural Gas Transportation Stocks For 2013: May Update [View article]
    Another recent and very positive development: Cabot Oil & Gas (COG), one of the biggest Marcellous producers, used field natural gas for the first time to fuel a CAT engine performing the frack:

    http://bit.ly/ZkI8QS

    The article says typically, 100 – 150 gallons of diesel fuel are used per frack stage (depending on location/equipment/well). The CAT nat gas setup is replacing ~70% of the diesel normally used. This saves fuel costs, emissions, the cost of trucking in diesel, and less road traffic for the locals to put up with. Good action!!
    Jun 1 09:56 AM | 1 Like Like |Link to Comment
  • 5 Natural Gas Transportation Stocks For 2013: May Update [View article]
    Right on Ernest! If WRPT and Cummins' nat gas engine sales are any indications, LNG trucks are being deployed - so keep your eyes peeled for them.
    Jun 1 08:17 AM | 1 Like Like |Link to Comment
  • EOG And ConocoPhillips: The Top 2 Eagle Ford Producers [View article]
    Thanks Chuck - you've got the leaders in both the Eagle Ford and the Bakken plus KOG, which has a couple very interesting pilot projects that could lead to a big step function in production:

    http://seekingalpha.co...

    I'm looking forward to the results of KOG's Smokey and Polar projects even though I don't have a position in the stock. The results could have reserve increase ramifications for all the major Bakken players.
    May 29 07:33 PM | 1 Like Like |Link to Comment
  • EOG And ConocoPhillips: The Top 2 Eagle Ford Producers [View article]
    Thanks tealone - glad you found the article informative and that you're doing some research before buying. It's funny how many people will really do alot of research before buying a refrigerator or a car (for example), but will spend just as much money (or more) on a stock without doing much at all or just on a tip from a friend.
    May 29 06:15 PM | 1 Like Like |Link to Comment
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