Steven Ward

The Case for Cairn Energy

Good article and a fine example of US investors not paying enough attention to foreign oil stocks if they don't trade on an American Exchange.

One could easily add BG, Premier Oil, Tethys, Serica for a choice as well. These are the potential stocks that are a 10 bagger as Cairn once was and could be again.

The Crude Oil Collapse Is Coming

Let me add my vote to an excellent article. You have hit the nail on the head when you cite deleveraging as the prime culprit in the new down turn.

A Capitol Idea: Adding D.C.-Focused REITs to Your Portfolio

Dr. Kris you hit the nail on the head when you cited defense spending cuts affecting the REITS. The money moved from defense to other areas probably will not be concentrated in DC but be spread around the country.

$35 Oil: Steve Forbes Was Off by Two Years

Churchill once said that public figures should always prognosticate. That way they get into the public eye twice, Frst their original prediction, the second: explaining why their prediction did not come true.

OPEC's Power to Influence Oil Price Slips Away

It takes OPEC 18 to 24 months to get the price off a floor. That's been the history. They can't keep the price high but they can drag it off the floor. give it two years.

Venezuela and Iran will cheat like crazy until the saudis put it to them.

Short of a Sale, Oilexco Will Go Bankrupt - Tristone Capital

Nexen or Talisman would be a good buyer here or maybe a Dana with another partner.Endeavour Internationalkeeps looking for opportunities but probably too big for them.
Maybe they wait to pick the bones in a BK.

EOG's Hat Trick

The Bakken may not be as expensive to drill as previously thought to be. Particularly with an established field developed at higher oil prices.Here EOG has an advantage.

UTS Energy Financially Solid, But Needs Help With Fort Hills - UBS

UTS does not control its destiny. At best it is a warrant on higher oil prices. OPTI maybe a better such "warrant", it at least has production, but what are all these late comers costs for oil sands, maybe as high as 80 a barrel.

Canadian Energy Trusts Look Cheap: Harvest Is Well Positioned

The market discounts 6 months out to a minimum. HTE's
price is a reflection of further dividend cuts.

Expect OPEC to Cut Production

Saudi's have 2 fields comming on stream with a total of 45 billion barrels. Not easy to cut back. Politically, the Saudis want to push the Iranians to the wall.

I'll go with smurphy right now. Georealist maybe in 18 months.

Analysts Ecstatic Over Baytex Energy

BTE's biggest "value potential" is in her heavy oil with the wild discount swings heavy oil has seen the last 3 years.

Her Seal assets are like PWE's oil sands assets, management brings it out and talks about the potential and little gets done.BTE lives and maybe dies with her Frontier Refinery contract. Watch how that goes.
BTE should eliminate the dividend and get on with the E&P operations. The shareholder will be better off in the long run.

King Coal or King Saud?

I am now considering my first investment in coal. Why? Because of all the negativity and the falling prices.
Congress has not treated coal well. If that's not contrarian than I don't know what is.

I love bankrupt utilities. Most recover and do well such as LILCO and Columbia Gas.
Obama can make us a fortune if we just think in reverse.

The Loonie - A Petro-Currency

Canada's political problems do not seem to be easily resolved. Harper wants fiscal responsibility and the majority in Parliament don't.

The well managed Canadian dollar could go the way of the Dodo if the majority has its way.

Where Is Penn West Energy Trust Going?

With 600 management people on a so called Trust structure, Obama should look at this for full employment opportunities in the US.

Is an Oil Rebound Imminent?

I worked for Amoco oil Co. for 20 years and all through the process, except for the North Sea production in the 90's, OPEC, particularly Saudi Arabia, held the keys on the supply side.
Since inception OPEC has never been able to maintain a consistent high price level. In that way it is a failure as acartel.But OPEC has been able to demonstrate a remarkable ability to drag the price of oil off the floor. But here it has always taken them 18 to 24 months to get that done. The result was to put in a higher floor, not a ceiling. Thus prices moved up slowly.
Now the Saudis are no longer willing to be the swing producer and they have no desire to see any further of their investments tank to zero in the West, so low oil prices maybe with us alot longer than expected.