steve Ward

158 Comments

    • ON: Fri Oct 10th 10:10 AM
      Commented on:
      Roger Wiegand: Oil to Reach New Highs by Year-End
      Better yet, make it 20 pounds, this could be a long lousy market. Anybody see China's electrical demand figures, down they are.What's the backbone of the Chinese Treasury, T-Bonds, CDO's, sub prime debt and exports to the USA, which are down as in down large. Just ask the Mayor of Long Beach California, he keeps numbers on this stuff.
      Asia will revatalize itself, but not until they go through export hell.
      View article »
    • ON: Fri Oct 10th 10:03 AM
      Commented on:
      Roger Wiegand: Oil to Reach New Highs by Year-End
      I have been involved with oil and oil companies since 1975 when I went to work for Amoco. The history of OPEC is a complete inability to sustain high oil prices. True, OPEC had in the past un used production leadfing to cheating but the point is the same. OPEC needs as much money as they can get their hands on. Development projects delayed could lead to civil strife as many of these regimes are buying off the populace, ala Saudi Arabia, Algeria and Iran and Venezuela. Historically, OPEC hasn't been able to sustain high pricing.
      However, OPEC is good at dragging low prices off the floor but only after several years of effort amongst its members.
      $149.00 barrel oil? I want 10 pounds of what the Goldman guys are smoking.
      View article »
    • ON: Fri Oct 10th 09:50 AM
      Commented on:
      Geothermal Energy Poised to Increase Market Share
      It is now established that EGS causes earthquakes. No more than magnitude 3.3, so far. But France had to cancel her EGS drilling due to the quakes in Basil Switzerland across the border.
      Inm California they are used to earthquakes. In Illinois they're not.
      Until the Richter Scale stops moving on EGS the political fallout from John Q. Public will force the government to shelve EGS in areas not use to earthquakes.
      View article »
    • ON: Mon Oct 6th 13:45 PM
      Commented on:
      Canadian Oil Sands Looks Attractive Despite Near Term Risk
      Added note: I own Crescent Point energy trust and I'm now wondering why I didn't follow my own maxim of "if you have 5 years woth of non-compounded yield in cap gains, always sell." No matter what.
      I guess I'll ride it down with everbody else.
      View article »
    • ON: Mon Oct 6th 13:32 PM
      Commented on:
      Canadian Oil Sands Looks Attractive Despite Near Term Risk
      Wulf should be hailed for conjuring up his Mcdep ratio. However, like all measurements it is a snapshot in time. The weakness in McDep ratio is an assumption of the price of a barrel of oil. This assumption is somewhat static, as it needs to be, for investment valuations.
      The weakness is the volatility of oil itself as well as gas.
      I think after today, the "theoretical"... price of oil will have to change for valuation purposes. The 6 year futures will change as well.
      Thus, a lower Mc Dep ratio, which is usually a
      "'buy" may actually become a "sell" or a "neutral", like COS is now due to a re-adjustment of the price of a barrel of oil.
      Additionally, all Canroy's will face the possibility of lowering their payouts if oil continues to slide, increasing debt or shareholder dilution if they do not lower payouts.
      Gentlemen, you are not alone in stretching for yield, the whole world wants higher yield. But it has a price if un-successful in the economic fundamentals. For Canroy's that is the price of oil vs. their costs. One is comming down and the other is not.
      View article »
    • ON: Mon Oct 6th 13:17 PM
      Commented on:
      Two Exciting Brazilian Oil Stocks
      Added note: yes I own BG, but it is not a major holding.
      View article »
    • ON: Mon Oct 6th 13:16 PM
      Commented on:
      Two Exciting Brazilian Oil Stocks
      BG is the better stock based on earnings from around the world and a strong diversification into NG. It will remain a question for sometime if the Lula Administration practices a severe confiscatory policy now or later.
      One thing to bear in mind, with a global credit crisis, Lula maybe slow or refuse to do any changes that kill investment in Brazil's oil fields or Brazil itself.
      On the other hand, whipping up nationalist fervor maybe an irresistable object and dumb things happen under that scenario.
      On the whole, BG is the better selection.
      View article »
    • ON: Sun Oct 5th 12:36 PM
      Commented on:
      Five Energy Companies That Spell Opportunity
      With all the bubble manias paultaut mentioned I know eagerly await the "Carbon Credit" bubble mania that will pull Wall Street out of its slide.
      Anyone for a carbon credit collar or a collateral carbon debt instrument.?
      View article »
    • ON: Sat Oct 4th 11:09 AM
      Commented on:
      Five Energy Companies That Spell Opportunity
      Wulff has to be empasizing "somewhere down the road" when it comes to jumping in and taking new positions in these stocks. But he should have said that instead ofleaving it open ended.
      View article »
    • ON: Thu Oct 2nd 08:59 AM
      Commented on:
      Cameco Corp. Shares Continue to Fall
      There are two drags here, uranium and the Fort Hills project which leaves CCJ in the lousy position of a lower price for her money making commodity and a lousy return on a future commodity that has yet to earn a penny.
      CCJ is a falling knife. Not only should you wait and see where the bottom is, but you can afford to wait to see if and when it starts to move up and that isn't now.
      View article »
    • ON: Mon Sep 29th 11:47 AM
      Commented on:
      The Long Case for Canada's Petrobank
      If you had to own only one or two Canadian companies it is hard to say Petrobank shouldn't be one of them.
      View article »
    • ON: Thu Sep 25th 10:40 AM
      Commented on:
      Spain Considers Raising Solar Installation Cap
      Spain is one of the few countries that can make large strides in these efforts. But again, we have either a government subsidy or a forced purchase at un-competitive prices. For any alternative energy to succeed sooner or later they must stand or fall on their own. This includes the conventional; oil and gas industries as well. Any subsidies to them should have ended long ago in the US after oil crossed 40 dollars a barrel.
      View article »
    • ON: Thu Sep 25th 10:34 AM
      Commented on:
      Patriot Coal: Death Rattle or New Birth?
      I think coal becomes an investment again wholly dependent on the new administration's, whoever that might be, tax policy, carbon credit scheme ( emphasis on 'scheme"), funding and acceptance of Clean Coal Technologies, and maybe, just maybe an initial coal to transportation fuels contract with a government agency.

      Until then, I prefer to watch and wait.
      View article »
    • ON: Thu Sep 25th 10:27 AM
      Commented on:
      U.S. Offshore Oil Ban to Expire
      Question: The original drill bill permitted offshore drilling only 50 miles off the coast. did this change or are we stilllooking at an off shore drill bill with a 50 mile exclusion zone. Anybody know:?
      View article »
    • ON: Thu Sep 25th 10:22 AM
      Commented on:
      Is Eni Becoming Gazprom's European Twin?
      The Italians have had a history of industrial co-operation with the Russians going all the way back to the Fiat built Togliati truck and tractor plant that upset Italy's NATO partners in the 70's. So, in some ways, nothing new here.
      My one question is: Can Eni make money off this arrangement and if yes, how much?
      View article »
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