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Mike Maher  

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  • Phillips 66, Spectra Energy to pump another $1.5B into DCP Midstream [View news story]
    Is that in the news anywhere or is that just speculation on your part?
    Sep 8, 2015. 10:08 PM | 1 Like Like |Link to Comment
  • Fasten Your Seatbelt - Natural Gas Is Ready To Blast Off [View article]
    I basically agree with your thesis, my only concern is that the new infrastructure coming online in the Marcellus/Utica in the next 18 months allows a bunch of the drilled but not yet completed wells to be frac'd and begin producing. I've seen estimates that there are over 1,000 wells that could come online fairly quickly if there was adequate takeaway. The midstream in PA, WV, and OH is still a few years behind where the drillers want it to be.
    Sep 4, 2015. 12:47 PM | 9 Likes Like |Link to Comment
  • Enterprise Products Partners - A Tricky Situation [View article]
    "Dividends" and "stock" instead of "distributions" and "units." Says the pipeline they bought in the Eagle Ford shale was purchased "from Eagle Ford." No mention of the large distribution coverage. Compares EPD to Dynegy, which I guess is technically Yahoo's fault, but to be clear I don't think EPD owns power plants and I dont think DYN owns oil or gas pipelines or related infrastructure. A 3 sentence reference to renewable energy is basically the crux of the article, and that is not explained or well founded. Natural gas usage in power generation is at an all time high this year!
    Sep 2, 2015. 06:30 PM | 17 Likes Like |Link to Comment
  • Post-Acquisition Vanguard Natural Resources At $30, $50, And $70 Oil [View article]
    Great job with the analysis, I really liked it. One question though. In the narrative you say you're increasing the natural gas prices 50 cents, but it only goes up to $2.75 for Q3 2015 of the $70 a barrel scenario. Is this an error or am I missing something?
    Aug 31, 2015. 01:04 PM | Likes Like |Link to Comment
  • Crude inventory shows an unexpected build [View news story]
    Yea I believe it was the PES refinery thats owned by Delta. The BP refinery sources a lot of Canadian tar sands oil, not sure the slate the PES refinery runs. And for all the conspiracy theories out there, these facilities arent designed to run at 97% all year, so they;ve been having issues since they've been running too hard. Trust me BP would rather be running full speed with the great crack spreads they've already had than be half shut down with bigger spreads.
    Aug 19, 2015. 01:47 PM | 3 Likes Like |Link to Comment
  • Crude inventory shows an unexpected build [View news story]
    There's issues at a few, but BP's Whiting Refinery in Indiana is the largest new issue. Theres also a refinery in Philly running at lower capacity due to an unplanned outage. I'd guess the increase in imports is oil coming from the tar sands in Canada at $20/barrel since prices there have been crushed due to losing a key customer with the Whiting outage.
    Aug 19, 2015. 11:09 AM | 3 Likes Like |Link to Comment
  • Oil Setting Up For Another Leg Down [View article]
    WTI at $42. We're likely to see more builds in inventories as the refinery outages take away demand, and expect a lot of refinery turn arounds this fall because they've been running so hard. Add to that the fact rigs are coming back in the Permian and Bakken, and its hard for me to get excited about oil prices until we really start to see production declines.
    Aug 18, 2015. 10:53 PM | Likes Like |Link to Comment
  • Mechanical fault cuts output at Chevron S. Africa refinery [View news story]
    Jumpn you realize that refineries going down lowers oil demand and therefore lowers oil prices right?
    Aug 18, 2015. 11:04 AM | Likes Like |Link to Comment
  • Atlantic Power +2.6%; director buys 42.7K shares [View news story]
    Don't they have a poison pill in place, which takes away the chance of a hostile takeover. 34% of their PPA's roll off in the next 5 years, which will likely either be negotiated to lower rates, or start selling merchant into weak power markets. If you're long this stock you're essentially long natural gas, since natural gas prices set the marginal cost of electricity here in the US.
    Aug 18, 2015. 09:21 AM | Likes Like |Link to Comment
  • Atlantic Power +2.6%; director buys 42.7K shares [View news story]
    interesting buys
    Aug 17, 2015. 01:59 PM | Likes Like |Link to Comment
  • Pipeline Consolidation Could Be Coming For Spectra Energy [View article]
    Looks like Spectra is actually involved in the bidding process for Williams. Maybe they're trying to get bigger to fend off becoming a target themselves. Should be fun to watch.
    Aug 17, 2015. 09:22 AM | 1 Like Like |Link to Comment
  • Spectra takes aim at Williams buyout [View news story]
    Spectra has its own MLP as well, but yea I'd imagine that they'd have to use all 3 entities to do a deal that big.
    Aug 17, 2015. 09:21 AM | 2 Likes Like |Link to Comment
  • Freeport McMoRan could double on copper, oil recovery, analyst says [View news story]
    A whole lot of words to say that if copper goes up, FCX goes up. Great work by that analyst!
    Aug 12, 2015. 08:45 PM | 4 Likes Like |Link to Comment
  • SunEdison, Dominion to create JV for Utah solar project [View news story]
    The IRR looks better when you consider the ITC and the fact that because of the PPA the cash flow is locked in for 20 years. All of the value of these projects is in the tax breaks and the PPAs.
    Aug 12, 2015. 08:43 PM | 4 Likes Like |Link to Comment
  • Canadian oil sands price nears $20/bbl, cut in half since July 1 [View news story]
    Wouldn't more leveraged companies keep pumping in order to try to service debt?
    Aug 12, 2015. 12:54 PM | 3 Likes Like |Link to Comment