Steven Ward

Fadel Gheit: Oil Prices to Remain Inflated but Don't Pass on Gas

I don't think it matters one whit whether Gheit is wrong or right on the financial manipulation theory. Fact is: he stated it will keep prices high for quite some time.

Demand or manipulation, oil prices will remain high.
So invest accordingly.

Is ConocoPhillips a Potential Multi-Bagger?

With what CVX and XOM and even BP has comming on -line I simply do not see COP's advantage here. COP needs gas to go up alot and soon with her Burlington purchase.
CVX and XOM have huge supplies of gas comming on stream over the next 5 years and signed contracts to boot.
BP cost cutting, discarding of silly "green" projects and current and future deep water discoveries coupled with the dividend is better choice than COP.

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.

Natural Gas Bargain Justifies Obama's Stance

This article and the Petro China article listed in today's email, simply confirms a growing trend in higher taxes on oil and gas by the free world and the dictators alike.
It will now be impossible to drill, drill, drill, like T. Boone advocates. It will only be drill. Sometimes.The cure of course, seems that everytime a tax goes up, so does the price of oil.

Energy Companies Follow the Big Pharma Model for R&D

R&D can be frustratingly elusive in results. Look at Apple and Microsoft, initially startups. Apple in a garage with only two guys. Then look at IBM and their vast amounts poured into their OS and PC harware.
We all know who is left standing.
That maybe the model we are liikoing at instead.

T. Boone Pickens' Stocks Struggle

I was not aware one whit that T. Boone held so many engineering and oil service stocks in his portfolio.

Whither Oil Prices?

$70 dollar oil without corresponeding decrease in drilling costs could be a problem. However, Rex Tillerson, of XOM clearly believes that 1 billion plus barrel finds and an enevitable rise in oil, due to a lower cost, which makes consumption grow again is feasible even if costs outstrip economic benefit for a few years.
Gives every investor pause to calculate flowing barrel costs, recycle ratios and reserve life for their current holdings. Very Interesting article. Need more like it.

Canadian Oil Sands: Gates and Buffett Visit

You get three things from oil sands development: 1. environmental problems that are significant, 2. Jobs, alot of jobs, 3. You also get oil.

I wonder what Buffet and Gates were looking at: environment or jobs or oil?
I think they were looking at the color of money.

Energy Stocks: Which Horse To Ride for Income?

I sold BP at higher prices and bought BG Group last year. As good as BP is on the value side I believe BG Group is the "integrated" oil and gas company of the future and the future is now.