steve Ward

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    • Thu Sep 11th 09:08 AM | Rating: 0 0
      Commented on:
      Bronco Energy Can't Meet Production Targets; Stock Drops
      bronco's management stated 1.5 to 2.0 years ago that in one stretch of the First Nationss' Land they had license to that they could plant up to a 1,000 wells.

      That drove the stock up to 11 Canadian. Obviously that well spred concentration is now comming at a higher cost not announced or understood with the previous announcement.
      Investors may find this stock attractive somewhere in here provided we no longer have big cost surprises and another re-write of the contract between Bronco and the Cree Nation.
      View article »
    • Wed Sep 10th 08:58 AM | Rating: 0 0
      Commented on:
      Time For Another Look At Geothermals?
      It is now accepted knowledge that geo thermal power plants for reasons still unknown cause minor earthquakes. In fact, France stopped a geo thermal drill due to earthquakes in Basil Switzerland across the border. Drilling stopped and so did the earthquakes. But as they say, Californians are used to earthquakes.
      View article »
    • Tue Sep 9th 08:38 AM | Rating: 0 0
      Commented on:
      Royalty Trusts: Maintaining Income in a Volatile Market
      On a fundemental basis I see a strange paradox in investor opinion on gas stocks in general. We have energy portfolio managers in Canada and the US loading up on gas stocks, primarily those that have an increase in productio, but they gladly acknowledge that a tremendous amount of new supply is comming on stream in the US next year.

      Also, industry journals have sounded alarm bells on the few LNG port facilities we have in the US for the import of LNG may well be underutilized for several years due to the large volumes of gas comming on stream next year and in 2010.

      Due we expect a hard winter? Do we expect CNG to be widely implemented? To we expect a global price for gas like oil? That would eliminate any fears of over supply and lower royalty payouts.
      Is that realistic? I just find it ironic that experts are plowing into gas all the while warning of large increases in volumes.
      View article »
    • Tue Sep 9th 08:20 AM | Rating: 0 0
      Commented on:
      Royalty Trusts: Maintaining Income in a Volatile Market
      To Fitzman: My word of caution to nbvestors was soley based on a narrow view of the investment itself not a macro view of tax amd monetary policy.

      The reason we are all getting these lush dividends as compared to Treasuries is the risk factor of changing commodity prices. There is risk here beyond what I see in the Blogs. Yes, I own some of these as well but I'm not loading up--yet.
      Dems need money pure and simple. The FICA witholding on W-2's will not hold up. They will sooner or later repeal tax incentives for Trusts as they wish to repeal such incentives for oil companies. Trusts will be next.Additionally, expect FICA witholding on trademark, copyright and other royalty streams of income as well as rent.

      If that strengthens the dollar so be it. It's just going to happen in my opinion.
      View article »
    • Sun Sep 7th 16:33 PM | Rating: 0 0
      Commented on:
      Royalty Trusts: Maintaining Income in a Volatile Market
      The 600 pound gorilla in the room on all income oil and gas stocks is this year's election. The Dems need money and they are already opposed to drilling, next will be non-W-2 income streams, such as Royalty Trusts.Wait and see first then move.
      View article »
    • Sun Sep 7th 12:50 PM | Rating: 0 0
      Commented on:
      Whither Oil Prices?
      $70 dollar oil without corresponeding decrease in drilling costs could be a problem. However, Rex Tillerson, of XOM clearly believes that 1 billion plus barrel finds and an enevitable rise in oil, due to a lower cost, which makes consumption grow again is feasible even if costs outstrip economic benefit for a few years.
      Gives every investor pause to calculate flowing barrel costs, recycle ratios and reserve life for their current holdings. Very Interesting article. Need more like it.
      View article »
    • Sun Sep 7th 12:43 PM | Rating: 0 0
      Commented on:
      Seven Montana Stocks
      Who cares about where Yellowstone is or isn't. For the geographically impaired it might be relevant. But, most of these stocks have very, very high PE's with no prospect of growth to match the PE.
      So we need an article on the PE impaired, I guess.
      Or at the least, how these stocks will, not can, raise eatrnings wothout wild and un-realistic scenarios.
      View article »
    • Sat Sep 6th 15:45 PM | Rating: 0 0
      Commented on:
      Canadian Hydro Developers: High-Powered Alternative Energy Stock
      It is stocks such as this one that gives me pause to reflect inclusion into an investment portfolio along with Canadian REITS doing business in Canada's oil patch.
      My interest is raised when I see no comments posted.
      Alternatives to oil and gas maybe more wider spread than oil service and drill stocks.
      I need to get to know more companies in these categories.
      View article »
    • Sat Sep 6th 15:38 PM | Rating: 0 0
      Commented on:
      The Most Important Fact To Know About Oil Investing
      If T. Boone Pickens suffered a 20 percent loss in his investment portfolio lately, which it seems he did on some elements in the portfolio, then no one does know where oil is headed.

      View article »
    • Sat Sep 6th 15:34 PM | Rating: 0 0
      Commented on:
      Why Buy MLPs?
      On the natural resource MLP's, you may want to wait after the election and if Obama wins beware of US Congressman Markey, (D. Mass.), who is a dedicated Marxist/Lenninist striving to destro capital accumulation by rich man and poor man alike.

      He has introduced leggislation to cancel the US tax credit given to US investors on their Canroy dividends from the Canadian witholding.

      His next attempt will be to knock down tax benefits for the MLP share holders.
      This election is the 600 pound gorilla in the room no one is talking about.
      Wait and see, you'll be better off.
      View article »
    • Sat Sep 6th 15:26 PM | Rating: 0 0
      Commented on:
      Seven Canadian Energy Stock Picks
      Right now some of the best Canadians are not listed on the NYSE. Go to the TSX and pick up a Gallieon, a Prospect Ex, an Ithaca etc. NYSE are the big caps and like toomuchgas said 'fully priced" at todays levels.
      The others are undervalued even today based on future production gains.
      View article »
    • Sat Sep 6th 15:19 PM | Rating: 0 0
      Commented on:
      Baytex Oil Sands Tests Look Promising
      Another fine example of a Canroy with increased production prospects. The others being Crescent Point, Advantage, ARC, Daylight and Vermillion.

      Instead of chasing higher yields investors should pursue these trusts as with more production their future plans of paying high dividends or going corporate will do them well.
      View article »
    • Wed Sep 3rd 19:58 PM | Rating: 0 0
      Commented on:
      Megaprojects Predict Decline of Oil Production
      How about some fantasy speculation: such as Brazil having made 5 more whopping discoveries adjacent to Tupi and that Petrobras' chief of exploration and drilling has calmly stated in private that 100 billion barrels are there to be extracted.

      How about the Bakken where the amount extracted will get larger and larger with each techno advamcement til the point of 50 billion barrels available.

      The west coast of Mauritania going all the way down to Namibia, one giant oil laden arc with many blank spots to be explored.

      How about an oil arc stretching from Brazil going due North in the Atlantic all the way to the Coast of the USA,just like in Africa and in very deep water.

      How about the deep GOM under the salt blnket yielding similar quantities as Brazil.

      How about the Arctic, the Falklands, the Taranaki Basin of New Zealand and anywhere in the deep blue sea and, believe it or not the Himalayas, yes, the Himalayas supposedly contain billions of barrels of oil according to the geologist that discovered oil in the Indian Rajistan Desert when no one else belived him.

      Well, all of it might be true and some of it is true already and some will be proven to be true. But none of it in time to help from here on to 10 to 15 years out.

      It is possible that Peak Oil, while true, may not be of a lasting nature beyond 2022 to 2026.
      All that man creates does not last--including shortages.
      Forgive the philisophical tone.
      View article »
    • Tue Sep 2nd 20:01 PM | Rating: 0 0
      Commented on:
      Chesapeake Energy Called the Market's Bluff
      Any opinions out there on XTO? Is it as good as CHK?
      XTO is also in a stock price downward path. Any buy entry points? Again, how does it stack up to CHK?
      View article »
    • Tue Sep 2nd 10:31 AM | Rating: 0 0
      Commented on:
      Chesapeake Energy Called the Market's Bluff
      The real problem for CHK and others like her is the use of water in the fracturing process. The amounts are huge and already a water shortage is developing in Denison County Texas, heart of the Barnett Shale,for 2010 and that comes from the local water commiisioners who have been, obviously, pro drilling and pro development.

      This problem will come to the forefront regardless of who is President. The drillers will have to go back to gel packs which will raise the cost substantially. This should reduce supply which will drive up prices.
      The water issue is worsening and it can no longer be overlooked as well as waste water disposal which is just as serious.
      I own tar sands and Bakken shale stocks who also have their pollution problems but this specific issue will come down harder on the investor.
      I predict fratracide warfare amongst the Dems. will be fun to watch.
      View article »
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