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  • Procter & Gamble: How Will Brand Consolidation Change Future Outlook?  [View article]
    A great CEO doesn't wake up one day and suddenly decide to sell 100 brands and refocus the company, just as a great CEO doesn't wake up one day and suddenly start to focus on cost-efficiency. A great CEO is constantly vigilant on costs and products lines. I'm not surprised Buffett would rather be on the other side, exchanging shares to pick up one of their sold-off brands/Duracell
    Mar 29, 2015. 09:22 AM | 1 Like Like |Link to Comment
  • Whiting Petroleum Corporation - A Company On The Move  [View article]
    Thanks for the article Marko!

    For what it's worth, I like WLL longer-term, but wonder if limited hedging for 2015 puts them at risk of curtailing 2015 drilling / production outlook near term.
    Nov 23, 2014. 08:55 PM | Likes Like |Link to Comment
  • Recent Buy - Deere & Co.  [View article]
    What's not to like about DE. A great American company. Nice dividend too. I guess my worry would be on the shorter-term outlook, that bumper crops and falling commodity prices might weigh on sales in the near-term
    Nov 23, 2014. 07:28 PM | 1 Like Like |Link to Comment
  • H-P shakes up enterprise management ahead of split  [View news story]
    "Rearranging the deck chairs" at HP doesn't justify an overall pay increase; hopefully compensation will be split along with the company. Maybe Meg's doing a good job, I don't know, but the trail of bad M&A deals seems VERY long at HP. And the last deal moving them into "cloud" space doesn't bring me any new found comfort; it made for a very trendy headline -- but doesn't that mean HP will be competing more directly with Amazon, a company happy to operate at a loss? Ugh.
    Nov 21, 2014. 09:13 PM | 1 Like Like |Link to Comment
  • The Death Of Oil Is Highly Exaggerated  [View article]
    Thank you Michael! Another good and thought provoking article.

    I particularly like your points regarding potential for natural gas upside, elasticity of tight oil, and references to stepped-up Libyan production. It'll be interesting to see how the various countries play their cards.
    Oct 31, 2014. 01:14 PM | 1 Like Like |Link to Comment
  • Liar's Poker In The Oil Patch  [View article]
    I enjoyed your article. Thank you.

    One thing about rig counts is that I think rig efficiency has been improving dramatically, making it less indicative of drilling activity. A good supplement to Baker Hughes might be EIA's "Drilling Activity Report". It has Bakken Region new-well Oil production per rig hitting highs at 537 bbl/day -- vaguely 75% higher in ~2yrs. Permian is also hitting highs -- albeit much lower highs -- at 176 bbl/day. Factoring in efficiency gains, Bakken activity might be up a good bit
    Oct 25, 2014. 06:26 PM | Likes Like |Link to Comment
  • Liar's Poker In The Oil Patch  [View article]
    Taking a quick look at Bakken/Permian margins... I get FANG claiming peer-leading Permian margins, with Midland county Wolfcamp B type-curve at 65% ROR @90 oil. Kodiak, as a proxy for Bakken core, with 63% for 800 EUR at 90$ oil assuming 10$ differential. WLL doesn't appear to include a Bakken IRR, only Niobrara at 85%. EOG lists both Bakken and EF over 100%, along with some parts of Permian.
    Oct 23, 2014. 09:17 PM | Likes Like |Link to Comment
  • Liar's Poker In The Oil Patch  [View article]
    "Bakken oil is low-margin oil. Permian oil is high-margin oil." ?
    Oct 22, 2014. 09:37 PM | Likes Like |Link to Comment
  • Report: U.S. crude could fall $30 below international prices without exports  [View news story]

    Normally cheaper crude translates into cheaper gasoline. But, if surging production exceeds domestic refining capacity, and the crude can't be exported / refined elsewhere, might the ban hurt the economy without lowering gas prices ?
    Sep 26, 2014. 10:32 PM | 1 Like Like |Link to Comment
  • The New Bill Barrett: Smaller, More Focused, Asset-Rich, Well Capitalized - Waiting On Strong Execution  [View article]
    An excellent pair of articles!! Very timely too. Thank you Richard!
    Sep 20, 2014. 06:01 PM | Likes Like |Link to Comment
  • Bakken Update: Recent Kodiak Completions Model 1000+ MBoe  [View article]
    Congratulations Mike!
    Apr 5, 2014. 11:28 PM | 2 Likes Like |Link to Comment
  • Concho's Mad Shale Oil Skills In The Permian's Delaware Basin  [View article]
    Nice article. Thank you! You make a strong case for CXO. For what it's worth, I like your take on "effective acreage" potentially being misleading.
    Mar 20, 2014. 08:13 PM | Likes Like |Link to Comment
  • What Company Found The Most Oil And Gas In 2013?  [View article]
    Thanks Mike for another interesting article !!

    Note first slide sourced from "HIS Global" (IHS Global?) and "300-600 mboe" (mmboe?) recoverable
    Jan 21, 2014. 11:30 AM | Likes Like |Link to Comment
  • U.S. Banking Stocks: Positioning For Increasing Interest Rates  [View article]
    Thanks for the article! Good information & interesting analysis.
    I guess I'm left wondering about international operations...
    if Citi has more of it, and might be a little less exposed to domestic rates.
    Jan 20, 2014. 03:38 PM | Likes Like |Link to Comment
  • EOG, Continental rank among top oil and gas picks at Barclays  [View news story]
    zorro2828, In hindsight, that last comment reads a bit harsh. My apologies. I do respect modeling and also own some EOG. I think ChuckXX is strong on the E&P side.
    Jan 19, 2014. 08:40 AM | Likes Like |Link to Comment