Yael Pipano

Oil: The Inconvenient Truth

Brian you must have info re global warming that no one else has.

ConocoPhilips Screams Past Street Estimates

Floyd Brown quote: Conoco (NYSE: COP) is the cheapest of the large integrated oil companies. COP is trading just over 10 times earnings. Conoco has had year-over-year quarterly revenue growth of almost 30%. Return on equity is 14%, but cost-cutting and consolidation of past acquisitions is paying huge benefits. Because of a larger exposure to cracking spreads from refining, Conoco will remain healthy even if oil prices slide somewhat.

Filling Up on Natural Gas

nearly 80% of world oil reserves are controlled by state-owned firms

ConocoPhillips Submits $30 Billion Proposal for Major Natural Gas Pipeline

did it go forward with pipeline?

Recession Stock Picks From Morgan Stanley's Douglas Cohen

I certainly agree with you about Suncor (SU), and Conoco (COP). This is a portion of an article I read today, from seeking alpha, quoting Byron Wein (I copied short bio on him for you readers out there): " My view is that people underestimate the seriousness of the energy situation. We are only finding oil at a rate equivalent to replacing the oil production that erodes every year as a result of the existing wells getting tired.

In addition to that, China and India are consuming less than two barrels of oil per person per year while we consume 26 barrels, Western Europe consumers 13 to 15 barrels, Japan, Korea the same amount. As China and India increase their consumption, even if the two and a half billion people there only increase their consumption a quarter of a barrel of oil per year, there's no way the world can meet that demand. So I think the price of oil is going a lot higher."

"Oil is going to probably $125 a barrel. I forecast that it would go to $80 last year. "

Byron Wein's updated bio a/o 9/27/07:
Westport’s Pequot Capital Management, Inc., today announced that Byron R. Wien, managing director and senior investment strategist at Morgan Stanley, will join the firm Dec. 1 as chief investment strategist.

Wien will work closely with Arthur J. Samberg, Pequot chairman and CEO, and the firm’s investment team to develop global macro-investment strategies, an announcement said. He Mr. will work out of Pequot’s New York office.

Wien is a seasoned strategist who brings over 40 years of experience in the global financial markets. Prior to joining Morgan Stanley in 1985, he was a portfolio manager for 20 years, primarily at Weiss, Peck and Greer, where Samberg was also a partner.

Oil & Gas Industry Leaders, Investment Opportunities

This is a portion of an article I read today, that just says it all, from seeking alpha, quoting Byron Wein (I copied short bio on him for you readers out there):
" My view is that people underestimate the seriousness of the energy situation. We are only finding oil at a rate equivalent to replacing the oil production that erodes every year as a result of the existing wells getting tired.

In addition to that, China and India are consuming less than two barrels of oil per person per year while we consume 26 barrels, Western Europe consumers 13 to 15 barrels, Japan, Korea the same amount. As China and India increase their consumption, even if the two and a half billion people there only increase their consumption a quarter of a barrel of oil per year, there's no way the world can meet that demand. So I think the price of oil is going a lot higher."

Byron Wein's updated bio a/o 9/27/07: Westport’s Pequot Capital Management, Inc., today announced that Byron R. Wien, managing director and senior investment strategist at Morgan Stanley, will join the firm Dec. 1 as chief investment strategist.

Wien will work closely with Arthur J. Samberg, Pequot chairman and CEO, and the firm’s investment team to develop global macro-investment strategies, an announcement said. He Mr. will work out of Pequot’s New York office.

Wien is a seasoned strategist who brings over 40 years of experience in the global financial markets. Prior to joining Morgan Stanley in 1985, he was a portfolio manager for 20 years, primarily at Weiss, Peck and Greer, where Samberg was also a partner.

Oil & Gas Industry Leaders, Investment Opportunities

Everything stated here is true, especially the Asia factor. Oil production has been essentially flat - about 85 million barrels a day - for the past two years, despite soaring prices. Strong demand growth in India and China was accommodated only because poorer African and Asian countries were priced out of the market. There is a growing realization that it's not going to be cheap or easy to grow either capacity or production much beyond the present rates.