Claymore/SWM Canadian Energy Income Index ETF (ENY)

All Comments on ENY

  • commenter
    steve Ward
    Jul 22 07:34 PM
    Oil Sands: Will the 'Greens' Cause Us to Miss Out? [view article]
    Regaedless of the return on investmentn of "Bit" it is clear that the Conservative Party of Alberta pre-empted the Liberal Party of Alberta on beating them to the punch on raising Royalty Tax for the purpose of more dollars for government spending.

    It is equally clear that the current Albertan regime favors oil sands production over conventional production for the simple reason of longevity of the resource and hence a long cash flow to the government. The current Albertan regime does not mind one whit about conventional gas production moving to B.C. and the former Northwest Territories and conventional oil production moving to Saskatchewan and the Arctic. In fact it encouraged it by the tax whack they gave the conventional producers and by the agreement reached with Suncor.
    Conclusion: Political climate favors bit producers and bit producers will pay the higher tax due to the long life resource. Albertan population will stabilize and stop sucking every skilled worker out of the rest of Canada, thereby putting to rest the other Provinces penchant for wanting to declare a break up of the Canadian Federation, thereby assisting their conservative Brothers in Ottawa with final reason to explore the arctic and start to receive revenues in the Federal Treasurury and therby put money into the hands of the other provinces as witnessed by the record millions of land sales in B.C. and Saskatchewan. The Bit extra income will begin to satisfy the Albertans with more social services, tax holidays, more housing, more education, and more concerts in the park and a bigger dinosaur museum and probably a $5.00 per barrel whack on the Bit producers who will gladly go along with it for Enviro peace, for the Albertan Eviro Fund, where all of Alberta will buy carbon credits thus satisfying the religous based enviro jihadists, all over the world. It couldn't have been planned better, in fact it was.

    Buy, buy buy more oil sands stocks. Everything is OK. QAll is right with the world.     Reply
  • commenter
    billp37
    Jul 22 12:43 PM
    My Website
    Oil Sands: Will the 'Greens' Cause Us to Miss Out? [view article]
    EROEI for Canadian tar [not oil] sands may be unfavorable.

    "EROEI % net Representative Source
    100:1 99 Early oil
    50:1 98 Mid 20th century
    33:1 97 Late 20th century
    25:1 96 Turn of 21st
    20:1 95 Century oil
    15:1 93 Oil now?
    10:1 90
    9:1 89 Deep water oil?
    8:1 88
    7:1 86 Tar sands?
    6:1 83
    5:1 80 Polar oil?
    4:1 75
    3:1 67 Biodiesel
    2:1 50
    1.5:1 33 Oil shale?
    1.33:1 25 Ethanol best
    1.25:1 20
    1.1:1 9
    1:1 0
    1:.7 -43 Ethanol worst"

    www.prosefights.org/oi...


    Use of natural gas to extract bitumen may not be a good idea. See Dave Hughes plots.

    www.prosefights.org/ga...



    Reply
  • commenter
    Popska5125
    Jul 22 10:43 AM
    Oil Sands: Will the 'Greens' Cause Us to Miss Out? [view article]
    Does anybody believe that new technology will negate much of the negatives of the oil sands production as we know it today? Check out Petrobank and Ivanhoe for potential new technologies. Reply
  • commenter
    pockyclips
    2020
    Jul 22 10:25 AM
    Oil Sands: Will the 'Greens' Cause Us to Miss Out? [view article]
    Get over it! Oil is a 19/20th century fuel. Staying addicted to oil is like bloodletting to cure disease. I doubt that the Canadians are going to continue to use up most of their clean burning natural gas and fresh water to provide for our lust of gasoline.

    I was an early supporter of oil sands. Once you've seen those lagoons of contaminated water, coal looks clean by comparison.
    10 barrels of wastewater for every barrel of oil produced. MS should be so lucky to have beach front property on this lake.
    That would be balance. Let's use the fuels we have instead of coveting those we don't. We shouldn't expect others to pay the price for our inability to adapt.

    And get serious about renewables. For every tax dollar used to subsidize big oil and nuclear, an equal amount should be spent elsewhere on our future, not on our past.

    There is no free market when it comes to energy. It's been rigged since the 1870s. How the heck is a $100 million company supposed to compete with $200 billion giants and their inside supporters on
    Capital Hill?

    This can be an opportunity for America, just as genetic research was before the Neanderthals took over.


     Reply
  • commenter
    MSmailbox
    Jul 22 08:46 AM
    Oil Sands: Will the 'Greens' Cause Us to Miss Out? [view article]
    The viridity (the quality or state of being green; naive) of the environmentalists, is often appalling... While it is true, that we must do all we can to reduce environmental impact, we must never allow simple-mindedness to take over, e.g., switching to an environment-friendly product or process, which in the bigger picture, may increase other forms of pollution, or impact the quality of our lives, significantly. It's all about balance, something which environmentalists should understand... Balance is most often obtained, when the free-market is allowed to show us what works. Attempting to legislate that balance, is to arrogantly imply that, "I know what's best for my limited area of concern and I don't care how it impacts, equally important areas of the big picture!" Reducing the speed limits to 40 mph, may save hundreds of lives on the road, but the resulting impact, millions of people starving to death in a destroyed economy, outweighs this. We cannot allow narrow-mindedness, either by the "greens," or by industry, itself, to influence our decisions... Simply put, it's called being reasonable. Reply
  • commenter
    john s.
    gordon
    Jul 22 08:29 AM
    Oil Sands: Will the 'Greens' Cause Us to Miss Out? [view article]
    i was informed that some of the 911 suicide crowd were egyptians, the same crowd that murdered sadat. none were iraqi. so we bomb iraq but don't bomb saudiland or egypt. who's in charge here - darth cheney?
    > jack     Reply
  • commenter
    longoil
    Jul 21 03:15 PM
    Oil Sands: Will the 'Greens' Cause Us to Miss Out? [view article]
    Let's see,

    Ban buying oil from a country (i.e. Canada) that was the first to help the United States minutes after the 9/11 attacks.

    But continue buying oil from a country (i.e. Saudi Arabia) that supplied 18 of the 19 9/11 suicide bombers and routinely funds terrorist groups around the world.

    Jim, I agree with you, congress is stupid !!!
    They really don't know the difference between their friends and their enemies.     Reply
  • commenter
    AlexS
    Jul 21 02:15 PM
    My Website
    Oil Sands: Will the 'Greens' Cause Us to Miss Out? [view article]
    Congress has already done this. In the 2007 energy bill as passed there is an item that forbids the military from buying fuel made from crude oil that has a CO2 life cycle footprint greater than that from the production of conventional crudes. Since many northern tier refineries use high-CO2-emission syncrude from Canada, this means the military is out their sources of jet fuel from those refineries. The military is fighting it although unfortunately they haven't used any of their heavy stuff on Congress. No nukes, power plants stopped, no Canadian oil sands - this Congressional leadership is the most pathetic I've ever seen. What will become of our country if we have to stop new energy production, except burning our own food, of course? Reply
  • commenter
    User 229640
    Jul 21 12:20 PM
    Oil Sands: Will the 'Greens' Cause Us to Miss Out? [view article]
    Jim,

    One can ignore the carbon and more general environmental impacts, until legislation changes the rules. But one cannot ignore the fact that in addition to the oil sands themselves, two other resources are required to produce syncrude from bitumen: water and natural gas. There is an unlimited supply of neither. Have you done the math to project the total amounts of those resources required to produce the syncrude supposedly available in Alberta's oil sands?

    I suspect the financial viability of the oil sands resource will be limited by the cost to procure water, rather than oil sand. When transport and desalination of seawater are eventually required, it may be impossible to produce syncrude at a net energy gain. (I know that isn't stopping the corn-to-ethanol business - but absent subsidies it would, and in the meantime few involved are making money at it). And good luck maintaining water pipelines that cross the thawing tundra...
     Reply
  • commenter
    Ernie
    Montague
    Jul 21 11:08 AM
    Oil Sands: Will the 'Greens' Cause Us to Miss Out? [view article]
    There are some serious green questions about oil sands. Production is incredibly dirty. NO doubt production will increase. But let's not just write off the hundreds of millions of barrells of toxic unclaimable water and hundreds of millions of tons of dirty sand as meaningless. Reply
  • commenter
    bakken2008
    Jun 11 08:01 AM
    The Bakken Trend: Lost Dutchmen Mine of the Oil Patch? [view article]
    Other good bakken stocks listed at www.bakkenstocks.com Reply
  • commenter
    User 206257
    Jun 06 02:45 PM
    The Bakken Trend: Lost Dutchmen Mine of the Oil Patch? [view article]
    any comments on hte? I can't figure out how they pay 15% with the
    numbers they have.     Reply
  • commenter
    steve Ward
    May 25 01:27 AM
    The Bakken Trend: Lost Dutchmen Mine of the Oil Patch? [view article]
    The USGS has released their report, finally, and it states 10 billion boe. Way, way to conservative. This is the same figure geologists came up with in 1978.
    The only reason Bakken reserves got higher in the 80's and 90's is that alot more data and computer analysis were added from the original 10 billion report.
    Conclusin: as the years past by and more extensive data was collected the range went higher not lower.The USGS is not conservative, they are just plain wrong.     Reply
  • commenter
    steve Ward
    May 24 01:55 PM
    The Bakken Trend: Lost Dutchmen Mine of the Oil Patch? [view article]
    Also for the very hearty risk taker, ( I love an adventure) you can look at American Oil and Gas, AEZ, trades Amex @3.86 per share with 87,000 Bakken acres called "Goliath, where Whiting Pete, (WLL) made a discovery in the middle of the "Goliath".

    Or look at Painted Pony Petroleum, trades TSX @ 7.65 per share. Symbol, PPY.A. PPY scored enough dough to drill in the Saskatchewan Bakken for several wells and bought some wild wooly acreage in Northern B.C. Up alot this year, but I like it for at least a little investment.

    Happy Returns     Reply
  • commenter
    steve Ward
    May 24 01:36 PM
    The Bakken Trend: Lost Dutchmen Mine of the Oil Patch? [view article]
    To Mr. Platt;
    sorry for the late reply but I've been busy.
    Here is my breakdown for the Bakken Investment at 100G's.

    Continental Resources, (CLR): 800 shares @60.00 per share, $48,000
    Northern Oil and Gas (NOG): 2.000 shares @ $10.00 and change per share, $22,000
    Crescent Point Energy Trust, (trades on the TSX, CPG.UN) 800 shares @ $37.00 and change, $29,600

    Note: last week CLR discovered a well with a larger than expected flow rate. The significance of the well lies in the fact that it was drilled in one of Geologist's Julie Lefever's "other Bakken Zones"
    Good Investing     Reply
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