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Mike Maher  

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  • Natural Gas Exports Ramping Sooner Than Expected [View article]
    Several things. First, those are Proved Reserves, which do not take into account probable or possible reserves, which are huge. Second, according to page 20 of that report, which is where you are getting the 13.6 number, in 1983 the US had proved reserves of 4.6 trillion cubic meters, which increased to 5.4 trillion cubic meters at the end of 2003, 8.7 at the end of 2012, and 9.3 at the end of 2013. Each of these numbers increased, yet each year the US consumed more and more natural gas.

    In 2012 BP reported a R/P number of 13, the 2009 report said 11.6, and the 2002 report said 9.2. Notice how the number goes up each year, even though we consume more and more natural gas each year. You can't take the R/P number and make the claim that "BP reports the US has 13.6 year supply of natural gas" That isn't what the number means. IF that was true, based on the 2002 number, the US would have ran out of natural gas in 2011.
    Jul 1, 2015. 10:45 AM | Likes Like |Link to Comment
  • Natural Gas Exports Ramping Sooner Than Expected [View article]
    No its not LNG but it will run from Clarington, Oh to Ontario, so it will allow for increased pipeline exports to Canada from the Marcellus and Utica. Here's the Spectra website on NEXUS

    http://bit.ly/1JueSg4
    Jul 1, 2015. 07:39 AM | Likes Like |Link to Comment
  • Will Magnum Hunter Finally Make A Big Deal? [View article]
    Haha yea it did rip into the close. The SEC is a bad headline but a non-event in my opinion. They've beaten all the shareholder lawsuits, so if a judge hasn't found wrong-doing in the civil cases, it'll be hard for the SEC to prove criminal wrong doing.
    Jun 30, 2015. 07:19 PM | Likes Like |Link to Comment
  • Natural Gas Exports Ramping Sooner Than Expected [View article]
    Yea I had read a few of the older articles referenced there but hadnt been on that website in a while. Thanks again, its a great source of info.
    Jun 30, 2015. 04:36 PM | Likes Like |Link to Comment
  • Coming Higher U.S. Natural Gas Prices Should Help Low Cost Producer Chesapeake Energy [View article]
    Good article, I completely agree on the surge in natural gas exports via pipeline to Mexico being a huge relief valve for US producers. US natural gas pipeline exports to Mexico just hit a record last week, and are already running over 3.5 Bcf/d in June. I'm interested to see what a hot summer down there does to that number.

    Here's my piece for those ineresting in the EIA data that supports David's thesis on Mexico: http://seekingalpha.co...
    Jun 30, 2015. 03:41 PM | 3 Likes Like |Link to Comment
  • Natural Gas Exports Ramping Sooner Than Expected [View article]
    This is a great article! Very informative on that project. Good find!
    Jun 30, 2015. 03:13 PM | Likes Like |Link to Comment
  • Will Magnum Hunter Finally Make A Big Deal? [View article]
    And another 8%, good job not chasing.
    Jun 30, 2015. 01:03 PM | Likes Like |Link to Comment
  • Natural Gas Exports Ramping Sooner Than Expected [View article]
    Its likely that its easier to reverse pipes on the eastern side of the continent to take advantage of the cheap gas in PA and OH as it goes north through NY. I also know there are plans to go west through OH and then up into Michigan and into Canada (Mariner West), and that the LNG facility up by Nova Scotia would be connected to take US natural gas up through the north east.

    Its all about production costs. Canada has some great natural gas fields, but if its faster/cheaper to connect pipelines to the Marcellus and Utica than it is the Horn River Basin, for example, thats what will get done. Shale gas is re-shaping the way energy flows all across the world.
    Jun 30, 2015. 01:02 PM | Likes Like |Link to Comment
  • Puerto Rico governor calls for bankruptcy [View news story]
    The World Bank puts PR's labor force participation rate at 42.6% and a population of ~3.6 million
    Jun 30, 2015. 12:12 PM | Likes Like |Link to Comment
  • Natural Gas Exports Ramping Sooner Than Expected [View article]
    Any thoughts on SE here? I like the name but cant figure out why its trading so close to a 52 week low.
    Jun 30, 2015. 09:24 AM | Likes Like |Link to Comment
  • Natural Gas Exports Ramping Sooner Than Expected [View article]
    Cheniere secured take or pay contracts with foreign companies, so they'll get paid either way. I agree that there will be a lot of LNG floating around the world come 2020, but some historical exporters (Egypt) are turning into importers, and I'm sure for security reasons the EU would prefer to buy US LNG vs Russian gas. So we'll see where prices end up.
    Jun 29, 2015. 01:03 PM | 1 Like Like |Link to Comment
  • Penn Virginia -8% as WSJ punctures takeover talk [View news story]
    The Wall Street Journal is posting what anyone who took 5 minutes to look into the rumor figured out on Thursday.
    Jun 29, 2015. 11:42 AM | 2 Likes Like |Link to Comment
  • Will Magnum Hunter Finally Make A Big Deal? [View article]
    There's a quick 10% discount for you.
    Jun 29, 2015. 10:37 AM | Likes Like |Link to Comment
  • Natural Gas Exports Ramping Sooner Than Expected [View article]
    SWN is certainly interesting with all that acreage they just acquired from CHK in southwest PA and northern WV. I'm not a fan of CHK based on the fact production isnt growing, and ECA has shifted a lot of their focus towards more liquids-rich plays.

    The increased demand from industrial uses and power burn is coming, its just a slow march as new facilities and plants are built.
    Jun 29, 2015. 10:15 AM | 1 Like Like |Link to Comment
  • Will Magnum Hunter Finally Make A Big Deal? [View article]
    You may get a chance tomorrow if the Greek situation slams everything.
    Jun 28, 2015. 08:32 PM | Likes Like |Link to Comment
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