steve Ward

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184 Comments

    • Mon Oct 6th 13:32 PM | Rating: 0 0
      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.
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    • Mon Oct 6th 13:17 PM | Rating: 0 0
      Commented on:
      Two Exciting Brazilian Oil Stocks
      Added note: yes I own BG, but it is not a major holding.
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    • Mon Oct 6th 13:16 PM | Rating: 0 0
      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 »
    • Sun Oct 5th 12:36 PM | Rating: 0 0
      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 »
    • Sat Oct 4th 11:09 AM | Rating: 0 0
      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 »
    • Thu Oct 2nd 08:59 AM | Rating: 0 0
      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 »
    • Mon Sep 29th 11:47 AM | Rating: 0 0
      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 »
    • Thu Sep 25th 10:40 AM | Rating: 0 0
      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.
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    • Thu Sep 25th 10:34 AM | Rating: 0 0
      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 »
    • Thu Sep 25th 10:27 AM | Rating: 0 0
      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 »
    • Thu Sep 25th 10:22 AM | Rating: 0 0
      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 »
    • Tue Sep 23rd 00:52 AM | Rating: 0 0
      Commented on:
      Why TransCanada Wants a Palin Victory
      I can only assume the NY Times does not favor a pipeline for natural gas out of A;aska to the lower 48.
      I can only further assuime that the NY Times has no other hidden agenda on the Palin /pipeline proposal than other to say that the NY Times needs to point out as to what alternative does have an immediate value. And by immediate I guess we mean NOW.
      It is incumbent of the NY Times to profer the "immediate solution".
      View article »
    • Mon Sep 22nd 10:38 AM | Rating: 0 0
      Commented on:
      Oil Will Continue to Trend Higher
      We have had a S & L bubble, a High Tech/ Internet bubble, a Housing/ Sub prime bubble and now we will have a Carbon credits bubble.
      No sense in fighting it makes some money on it. Just get out in time.
      I wonder how Wall Street will collarterilize the carbon credits. Anybody for carbon credit swaps or bonds or side bets off the books?
      View article »
    • Mon Sep 22nd 10:33 AM | Rating: 0 0
      Commented on:
      Why TransCanada Wants a Palin Victory
      The article misses the point. That point being: Nothing was being done at all on the pipeline front, until Palin started a defined bidding process. now look what happens: BP and CP both are now enthusiastic. Palin doesn't care one whit, in reality, who builds the pipeline. But as long as Trans Canada is there then you have competition which is what is needed.And that's the point.
      View article »
    • Mon Sep 22nd 10:27 AM | Rating: 0 0
      Commented on:
      Natural Gas Bargain Justifies Obama's Stance
      This article and the Petro China article listed in today's email, simply confirms a growing trend in higher taxes on oil and gas by the free world and the dictators alike.
      It will now be impossible to drill, drill, drill, like T. Boone advocates. It will only be drill. Sometimes.The cure of course, seems that everytime a tax goes up, so does the price of oil.
      View article »
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