steve Ward

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    • Fri Sep 19th 19:35 PM | Rating: 0 0
      Commented on:
      Fort Hills Project - Another Debacle for Teck Cominco
      Our government is so out of touch as to what needs to be done that either candidate gor president leaves us wanting.
      On one side are the enviro jihadists, on the other the crony capatalists. Nothing will get done quickly or correctly. Yes, a good comment and should be an article. But what does it have to do with Teck sucking eggs on an oil sands project?
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    • Fri Sep 19th 09:47 AM | Rating: 0 0
      Commented on:
      UBS Analyst: UTS Energy Ready for Takeover
      The barrier to entry AND development for oil sands projects has no end in sight unless that end is throwing in the towel on the project itself.

      ROI's are hurting because costs are rising faster than IRR's. At this rate, Alberta may want to re-think its oil and gas royalty hikes. At the rate it is going oil sands development may not get to 4 million BOED by the projected dates.
      Best investment advice, look for low cost current production or current producers who can throttle back at a moments notice development.
      View article »
    • Thu Sep 18th 09:12 AM | Rating: 0 0
      Commented on:
      Energy Companies Follow the Big Pharma Model for R&D
      R&D can be frustratingly elusive in results. Look at Apple and Microsoft, initially startups. Apple in a garage with only two guys. Then look at IBM and their vast amounts poured into their OS and PC harware.
      We all know who is left standing.
      That maybe the model we are liikoing at instead.
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    • Thu Sep 18th 09:08 AM | Rating: 0 0
      Commented on:
      Insiders See Value in Slippery Oil Patch
      The entire market is re-evaluating risk. Six months ago it underestimated risk to an extreme in all product categories: LP's, MLP's, stocks, Royalty Trusts, etc.
      Now it will slide the other way in an over-estimation of risk. Best buying is on the up swing. Add onlt to positions based on 5 straight trading days above the stock's 50 day MA.
      Don't try to pick thre bottom. Who knows where it's at.
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    • Mon Sep 15th 12:14 PM | Rating: 0 0
      Commented on:
      Commodity Sector Companies Fight Back With Buybacks
      Commodity company stock buybacks can also indicate a lack of expansion opportunities or additional investment opportunities for that particular company, hence the buyback to raise per share growth. Interesting article.
      View article »
    • Sun Sep 14th 13:28 PM | Rating: 0 0
      Commented on:
      Grand Energy Debate Warms Up in Washington
      On a geo-physical note to this article and the blog commentary permit me to point out the radically new discovery of pre salt oil. The best analysis prior to Chevron's discovery in theGOM and PBR'sdiscovery in the Santos Basin is that all oil has been thought to be unavailable below 16, 000 to 20,000 feet. We now know in the deep blue sea this is no longer true. The other MYTH is that we cannot drill our way out of this mess.All parties involved agree we cannot drill our way out. No one holds a contrarian view, politician or geologist. Yet here we are with huge finds in pre salt layers.
      If the Dem controlled House insists on severe limitations in new territory then we can no longer hope to have a successful bridge of oil to get us to re-newable fuels. God forbid that mega discoveries occur in these new territories and we can drill our way out.
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    • Sun Sep 14th 13:10 PM | Rating: 0 0
      Commented on:
      Brazil and Petrobras Are Awash in New Oil
      Uncertainty is a market's black shadow. Uncertainty is what plagues PBR with Lula's pronouncements of increased oil wealth to alleviate poverty.
      He will do this but under what model, that is still uncertain.However, Lula's biggest fear is inflation. He stated this in a recent interview with Bloomberg.
      Lula meets with his finance Minister twice a week just to go over the inflation numbers.This could nean a silver linning in what new model Lula picks. Not theChavez model which is clearly confiscatory but also inflationary. Until we know why buy PBR. BG Group would be a better choice for the obvious reasons of lower exposure to the Santos mega filds and profits commig from elswhere around the world. The other choices are deep drillers and subsea systems companies but not yet PBR. It's value is only compelling at current pricing if Lula doesn't give it a big whack.
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    • Sat Sep 13th 11:32 AM | Rating: 0 0
      Commented on:
      T. Boone Pickens' Stocks Struggle
      I was not aware one whit that T. Boone held so many engineering and oil service stocks in his portfolio.

      View article »
    • Sat Sep 13th 11:24 AM | Rating: 0 0
      Commented on:
      Which Energy Trusts are More Vulnerable to Distribution Cuts?
      Balance sheets are important but a so so balance sheet can be maintained without serious consequence if commodity prices hold up well or production increases continue to come on stream.

      Vermillion, Crescent Point, Daylight, ARC and Advantage Incine Trust as relative standouts for production increases. Vermillion has the added kicker of owning a chunk ov Verenex which is probably sitting on a 4 billion BOE oil discovery in Libya.

      View article »
    • Fri Sep 12th 09:48 AM | Rating: 0 0
      Commented on:
      Petrobras Looks More Compelling Than Ever
      Lula is not nutty like Chavez.Lula the Lefty isn't so left at all. He told the municipal workers unions that there will be no raises in wages. these unions are his biggest supporters. Lula has run a rather firm fiscalpolicy.
      Additionally, Lula voted no on Venezuela's entrance into the economic union in the cone of south america thus freezing Chavez out.

      Reports indicate that Lula is beefing up the military to make sure Chavez doesn't interfere with Brazilian stability.

      Lula is not Chavez and wants foreign investment in other areas. He's treading carefully,but we still don't know what he's going to do.
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    • Fri Sep 12th 03:06 AM | Rating: 0 0
      Commented on:
      San Juan Basin Royalty Trust: Long Term Natural Gas Income
      Gas pricing is worse to predict than oil pricing. Something is up because Canadian juniors are folding their tents up on increased capital spending for gas and switching over to oil.
      Alot of shale gas is comming on stream in 2009 and 2010. Where's the shortage?
      View article »
    • Fri Sep 12th 02:59 AM | Rating: 0 0
      Commented on:
      Petrobras: Brazilian Oil Takes One Step Closer to Nationalization
      To mixterP:stats are stattic, rigid. If I make 100 bucks a year over the poverty line I'm no longer considered in poverty at least by the statisticians. But your point is well taken on illegalimmigration. Estimates are that 20 billion is sent back to Mexico from illegals here,so maybe poverty is truly down for several reasons, not just oil wealth.

      Big problems now and in the near future. Cantarell is dropping at 37 percent a year in production which will lead to major budget cuts in education and housing spending.
      Mexico could become a pressure cooker with less welfare spending and increased border security.
      Mexico has had two revolutions in her history: one for independence, the second to remove one man despots. If she has a third revolution all I will say is that this time they had better get it right.
      A little revolution now and then is not a bad thing.
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    • Thu Sep 11th 11:42 AM | Rating: 0 0
      Commented on:
      Maxwell's Oil Analysis
      One problem with peak oil is political in the sense of increased nationalization through taxes from the English speaking countries of the world, the US, the UK, Canada and Australia.
      As oil goes higher politicians seem to deal with voter anger not by expansion programs for drilling but punitive measures against those who still have reserves in the ground thus compounding the problem Peak Oil will have an artificial " Price Peak" to it based on the political policies.

      Already, pressure mounts on PM Brown to tax the oils again. Australia is removing subsidies, a much milder form and one that has merit based on today's pricing, but how much longer can the Aussies wait when billions of barrels of LNG equivalent start running off their shores to an energy starved Asia at the highest gas prices in the world.
      They won't wait long for an extra tax bite.
      Nor will Canada and the US. Canadian Provinces of B.C. and Saskatchewan will develop oil and gas at their current tax rates then move in when development is near a certain level. The US will grab more in royalties no matter who is President. The trend is clear, Peak Oil also has a Political Price Peak, as well adding additional burden.
      View article »
    • Thu Sep 11th 10:25 AM | Rating: 0 0
      Commented on:
      Petrobras: Brazilian Oil Takes One Step Closer to Nationalization
      To slige: I can only offer insight into BG Group on the possible takeover or nationalization of the Santos Basin oil.
      BG management always played down the discoveries as compared to the other two entities, Petrobras and Galpa. In fact, they seemed non-plussed about the whole matter and turning their corporate attention to the coal bed methane gas of Australia instead and so much so that they are engaged in a takeover battle with Origin. BG's stock never rose as far and as high as Petrobras or Galpa either. Again as a result of Bg's down playing of the discoveries. As to the American oils such as Hess I do not know as I do not follow them.

      But as for BG, they are far flung and excitingly profitable without the Brazilian oil and will have continuing profit streams comming on elswhere in the next 5 years. In fact, BG is in the position to say to Brazil: "Give us a few billion dollars and we are out of here."With no effect on the stock.
      View article »
    • Thu Sep 11th 09:22 AM | Rating: 0 0
      Commented on:
      Petrobras: Brazilian Oil Takes One Step Closer to Nationalization
      Lula is caught up in the "Russian Disease", where actual ownership of the oil is more important than the money gotten from the oil.

      Mexico used her oil successfully to cut their poverty level in half in 17 years, Lula wants to do the same.

      But all he has to do is raise taxes or alter roduction sharing agreements.Whatever it takes to increase the development of the oil ala Libya rather than Venezuela.Major companies are flocking to Libya where Libya is only offering up to 13 percent for oil and 25 percent for gas to the drilling companies. Yet, BP, Chevron, XOM and many others are biting. Why? Verenex,in her first attempt at Libyan oil has discovered 4 billion barrels, tht's why?
      Petrobras suffers immeasurably, BG Group (my top international integrated pick prior to the Brazilian discoveries), along with Galpa and the others suffer as well but ironically, not as much as Petrobras due to that companies majority shares in all the projects.

      There is enough for everybody depending on Lula's model, Mexico, Venezuela or the Libyan or Malaysian models. The latter two seem to not suffer from a shortage of drillers wanting in.
      View article »
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