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The Patient Investor

 
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  • How Much Oil Does the U.S. Have in the Ground - What Does It Mean for Investors? [View article]
    Thanks for the comment I knew the sun was shrinking but not at that fast a rate. At least the important things in this world the wings and beer are still available at a reasonable cost.
    Mar 5 02:14 AM | 1 Like Like |Link to Comment
  • How Much Oil Does the U.S. Have in the Ground - What Does It Mean for Investors? [View article]
    I am following a solar company Nanosolar, a private company, they are using a regular printing machine with special ink to make solar panels. Many big names in silacon valley have finaniced it. They may be able to come close to producing panels that can compete with oil prices at a little higher level. They also automated the production of the panels themselves but I think maybe having financial problems brought in new management last year. Here is a link www.nanosolar.com/comp... .

    I have invested in a china solar company jaso around $7 - PE of 4.4 so far not making any money but earnings were great last quarter. I plan to do an article or two on solar. I think it will only be a small part of our energy production for quite a while but who knows for sure with what is happing in middle east. Thank you for the interesting comments
    Mar 5 02:11 AM | 1 Like Like |Link to Comment
  • SandRidge Energy: Exploration and Production Company Positioned to Succeed [View article]
    The key is going to be the royalty trusts if it sells and they can sell another one in the fall. I think they go to 15 to 20 rigs in the Mississippian by winter and probably 25 to 30 next year with follow on royalty trust sales. I have read the Merrill info and the Merrill analyst doesn't appear to understand that management is going put the peddle to the metal as far as drilling is concerned. Having said that this company's share price could decline a little for a period of time, until the summer run up in oil prices, if the middle east settles down. On the other hand it could also go much higher if the middle east doesn't settle down. Longer term if the economy holds it is a buy for at least 5 years.
    Mar 4 12:20 AM | 1 Like Like |Link to Comment
  • SandRidge Energy: Exploration and Production Company Positioned to Succeed [View article]
    No I haven't changed my opinion it is a positive event for shareholders. The interest rate is lower and they have more money with which to drill. The bond holders will receive $30 for tendering their bond and consenting to the to new terms which reduces the covenants on the bonds. So if you don't tender the bonds but over 50% of the bonds are tendered their is less security on your bonds if you own these bonds. If you hold other bonds of SD then they should be about the same. Here is a link regarding the company announcement. phx.corporate-ir.net/E...
    Mar 3 03:29 PM | 1 Like Like |Link to Comment
  • SandRidge Energy: Exploration and Production Company Positioned to Succeed [View article]
    I would expect about 80%, they are currently around 90% but I expect the actual production to be higher than their projected production, they raised their production forecast by about a million barrels a year last week from their first projection in late November. I think they will add more rigs if and when the trust units are sold.
    Mar 3 07:57 AM | 1 Like Like |Link to Comment
  • 5 Canadian Oil and Gas Stocks to Invest In [View article]
    They are a much larger company so they will grow, but just more slowly than the smaller companies. They are almost all oil so they won't make additional money from converting from a natural gas to oil company like some of the other companies will. Also they are paying a high dividend which means they won't be able to reinvest the dividends into more production. So that is why their rate of growth is going to be lower, but they are still a very good company and worth investing in for the long haul. They do have a very good acreage position as you point out in your comment in various oil plays.
    May 18 08:57 AM | Likes Like |Link to Comment
  • How to Structure an IRA or Retirement Account [View article]
    Thank you everyone for your comments
    Apr 3 04:40 PM | Likes Like |Link to Comment
  • How to Structure an IRA or Retirement Account [View article]
    You and I have differences of opinion on how inflation is caused. My point is demand increases faster than the supply of goods because of the Asian modernization/expansion. For instance the the supply of copper has barely kept up with demand and the price has increased by three to four times since the early 2000's. If we didn't have the demand from Asia the price would be $1.25 to $1.50 lb or less versus over $4.25 a lb. This is also true of many other commodities as the demand increases supply will increase but not as fast as demand so prices increase and the demand slows over what it would be if the price stayed at $1.25 to $1.50.

    Money supply plays a part but generally a much smaller part than the basic demand - supply equation.

    Thanks for the comment and I hope you found the article helpful.
    Apr 3 04:25 PM | Likes Like |Link to Comment
  • SandRidge Energy: Exploration and Production Company Positioned to Succeed [View article]
    They actually do frac their wells but they use low pressure fracing which costs a small fraction of what it costs in the shale plays (high pressure). The low pressure equipment and crews are readily available but the high pressure equipment and crews are in short supply. The high pressure fracing also takes much longer to perform. They also use the smaller horse power drill rigs. These rigs are readily available while the higher horse power rigs which cost a lot more are in short supply. They don't have to drill as deep and their horizontal laterals are shorter. That is why they can use the smaller rigs and reduce drilling costs which increases the rate of return and makes this such a good investment.
    Mar 25 09:28 PM | Likes Like |Link to Comment
  • What Apple's Valuation Could Be in 4 Years [View article]
    Go to msn.com stock section. Enter any of the symbols below then click on chart symbol and then click on splits selection below the graph, this will show the splits, then enter max for time period and redraw the chart. Enter any of the following AAN, MSFT, INTC, ORCL, AMZN or ORLY. Before these stocks IBM and Xerox would be good examples. In the last five to ten years there haven't been as many splits because the market hasn't gone up like it did in the 1990's.

    Many of the institutions would react just like individuals although as the P/E increased the more conservative would sell their stock, particularly if growth started to slow. See the Microsoft information in the 1990's and early 2000's. That is one of the reasons I suggested that the P/E and stock price would start to decline when the earnings growth started to slow in 2013 and 2014; if in fact that is what happens.
    Mar 25 09:03 PM | Likes Like |Link to Comment
  • What Apple's Valuation Could Be in 4 Years [View article]
    Your right, I should have said 3 for 2 or 1 additional share for every two shares outstanding. Thank you for clarifying that.
    Mar 25 08:07 PM | Likes Like |Link to Comment
  • What Apple's Valuation Could Be in 4 Years [View article]
    I don't know about borrowing but a stock buy back would make sense to me depending on what they want to do with the cash. They could actually have much more cash than shows on their balance sheet because they have 32 billion in long term investments. They may have a lot of gains that haven't been reported as income in those investments.
    Mar 24 10:30 PM | Likes Like |Link to Comment
  • 5 Canadian Oil and Gas Stocks to Invest In [View article]
    Exxon Mobil bought XTO and got 300,000 or so acres in the U.S. Bakken but that appears just to be a throw in as far as Exxon Mobil is concerned. It appears they were after the Natural Gas lands that XTO controlled.
    Mar 22 08:04 PM | Likes Like |Link to Comment
  • 5 Canadian Oil and Gas Stocks to Invest In [View article]
    The major problem with the Bakken and other oil shale plays is the decline curve of the production. No one is certain that reserves will hold as predicted. There are large declines the first three years then production is suppose to level off and they are suppose to produce for 20 to 25 years at the reduced level, but there is no actual production yet over a long period of time.

    The oil is also waxy in the Bakken and some geologists think it will clog up the pores in the rock and stop producing after 7 to 10 years and the wells will just be natural gas wells after that period of time.
    Mar 21 10:01 PM | Likes Like |Link to Comment
  • 5 Canadian Oil and Gas Stocks to Invest In [View article]
    You are right I couldn't find anything that stated 15 - 18 only 13 -15 in all of their information.
    Mar 15 11:24 AM | Likes Like |Link to Comment
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