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PalmDesertRat

PalmDesertRat
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  • Crude Oil: EIA Report Sends A Bearish Signal [View article]
    total daily production for the week increased a mere 5k. that's not a decline, but it's heading in the right direction.
    Feb 26, 2015. 08:25 AM | 1 Like Like |Link to Comment
  • The Bakken, What The Data Tells Us [View article]
    EIA's Drilling Productivity Report shows some interesting data for the Bakken and Eagle Ford.

    they segregate Production Growth from New Wells vs Production Declines from Legacy Wells. In recent months the rate of New Well Growth has been de-celerating while the rate of Legacy Well decline has been accelerating.

    So far the net is still positive, but it's likely to turn negative in the next 2-3 months.
    Feb 26, 2015. 08:24 AM | Likes Like |Link to Comment
  • Substantial Oil Price Declines Coming - Myths And Realities [View article]
    How much "sweet spot oil" is there, does anyone have an idea?

    If everyone drills in sweet spot counties, the day grows nearer when there will be no more sweet-spot oil left to produce.
    Feb 26, 2015. 08:10 AM | 1 Like Like |Link to Comment
  • Add First Trust Low Duration Mortgage Opportunities ETF To Your Watchlist [View article]
    that's a good point: low duration should mean low duration
    Feb 25, 2015. 09:05 AM | Likes Like |Link to Comment
  • Oil Prices Finally Find Some Support [View article]
    i have no idea if we've seen the bottom or not, only the gods know.

    But we're closer to a bottom than a top. So I've been trading my energy portfolio in an accumulation mode.
    Feb 25, 2015. 08:03 AM | Likes Like |Link to Comment
  • Add First Trust Low Duration Mortgage Opportunities ETF To Your Watchlist [View article]
    Very interesting, thanks.

    Why do you consider that duration to be too high? Are you expecting a major move soon?
    Feb 25, 2015. 07:59 AM | Likes Like |Link to Comment
  • DGI Portfolio Update - Being Patient Is Frustrating To New Investors [View article]
    Fear and greed drive the market. The time to buy oil is when everyone is afraid of it. Like now.

    i've been adding to my SLB position as well as eog, oxy, mro, cop, and ohters

    One approach I take is that I add a fixed amount every Monday to the sector which was the weakest the prior week. Last week that was XLE, so I bot some MRO. but the prior week, the weakest was xlu, so I bot some WEC.
    Feb 24, 2015. 08:19 PM | 1 Like Like |Link to Comment
  • Restaurant stocks continue hot streak [View news story]
    Is there a restaurant etf out there? haven't been able to find one myself.
    Feb 24, 2015. 11:36 AM | Likes Like |Link to Comment
  • Reuters: U.S. shale oil crash diet likely to bring forward lower production [View news story]
    Look at EIA's Drilling Productivity Report and track the data from the charts which separate production Growth from New Wells and Declines from Legacy Wells. Do that for six months for the Eagle Ford and the Bakken, and you'll see a clear trend. As of the Feb 9 report, growth had almost stalled and will likely go negative in the next 2-3 months.
    Feb 23, 2015. 10:51 PM | 3 Likes Like |Link to Comment
  • BHP's H1 profit cut nearly in half, costs nearly 25% lower [View news story]
    Not as bad as I feared
    Feb 23, 2015. 05:41 PM | 3 Likes Like |Link to Comment
  • Texas RRC Oil And Gas Production Report [View article]
    this confirms what is shown in EIA's Drilling Productivity Report for the Eagle Ford. Growth of new well production is de-celerating and the decline of Legacy Well production is accelerating. The net is still positive but not by much. It will turn negative in 2-3 months.

    It's surprising to see TRC so slow in reporting data.
    Feb 23, 2015. 07:52 AM | Likes Like |Link to Comment
  • Tsipras declares victory [View news story]
    this guy is beginning to sound a bit like the Greek Hugo Chavez.
    Feb 22, 2015. 04:57 PM | 1 Like Like |Link to Comment
  • Examination Of The Halliburton, Baker Hughes Merger: Part 3 [View article]
    sorry for the dumb question-I found the proxy statement at edgar and got all the info I need. thanks anyhow.
    Feb 22, 2015. 08:44 AM | 1 Like Like |Link to Comment
  • What Can You Expect From A Greek Exit From The Euro? [View article]
    If Greece exits the Euro, it's probably prudent to assume that they will also default on their debts to their Euro creditors.

    What impact would a Grexit and default have on European companies? It could provide a great buying opportunity in some of them.
    Feb 22, 2015. 08:00 AM | 1 Like Like |Link to Comment
  • Ruth's Hospitality's Steaks Get Your Mouth Watering But Maybe Not Its Stock [View article]
    Two or three times a year we pig out with a New York strip at our local Ruth's Chris.

    The last two times we've been there we had the distinct impression that the quality of the meat has gone down. So we've been going to some of their competitors since then.

    Have they decided to cut corners, or was it just a happenstance for us?
    Feb 22, 2015. 07:53 AM | Likes Like |Link to Comment
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