steve Ward

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184 Comments

    • Mon Sep 1st 13:36 PM | Rating: 0 0
      Commented on:
      Energy Firms Should Look to U.S. Shale - Barron's
      Extraction of gas from shale like the Barnnet is water consuming intensive. I'm no enviro nut but in Denton County Texas, the heart of the Barnnet gas play, the water table is dropping like the proverbial rock and the water commission estimates water shortfall for everyone, consumer and drilling companies in 2010.
      Get this: the leader of the opposition tio the drillers is a former oil and gas prospector.

      Water usage and pollution is a huge issue that Mac and O'Bama will have to face.
      I just wonder what the greenies are going to do with O'Bama if he goes against them

      This is (water) the big boogey man in T. Boone'splans od self suffiicency that no on's talking about.
      View article »
    • Mon Sep 1st 03:53 AM | Rating: 0 0
      Commented on:
      Obama's Green Promise
      Most of ole T. Boone's gas for our future transportation fuel,-that frees us from the clutches of OPEC and Russia, comes from un nvebntional resources that require alot of water to produce.
      Will be interesting to see the O'Bama Administration
      pick through the minefield of enviro nuts as to what they are going to do, Enviro nuts don't like oil and gas men messin with the water.

      But have no fear--after a couple of indecisive years in office the Republicans take over Congress again and justlike Clinton a Republican Congress will resurrect O'Bama and suddenly O'Bama is a big advocate of drilling and a big advocate of liberal this and liberal that as well.
      And just like Clinton he gets re-elected with the help of a Republican Congress that saves his butt, just like Clinton.
      The R's will give him direction and something to say he accomplished and something to oppose.
      Gee, sounds like the roaring 90's all over again.
      View article »
    • Mon Sep 1st 03:42 AM | Rating: 0 0
      Commented on:
      Will Brazil Really Nationalize Oil?
      To Social: Can't let Brazil be. Why? They are holding American money investments that they asked for us to do.

      President Lula da Silva gave Bloomberg News a HALF HOUR INTERVIEW and it is clear that they are going to change the rules that are currently in place. Rules that wanted outside investment.

      No big deal though. All the big oil companies are flocking to Libya even though the Libyans are demanding 85 to 90 percent of the take. That hasn;t stopped the likes of BP and Oxy and XOM from wanting a piece of the action. At least the Libyans have been upfront in what they want before companies spend money for exploration.
      View article »
    • Sun Aug 31st 14:25 PM | Rating: 0 0
      Commented on:
      Will Brazil Really Nationalize Oil?
      Just because it doesn't make any economic sense doesn't mean Brazil won't do it. Poilitics trumps rational thought. Brazilprobably will let infrastructure be builtout and then whack everybody.

      The US should do the same to countries who confiscate US properties. Chavez has 4 newly upgraded refineries here in the US, give them to XOM, Chevron etc.

      If Brazil whacks US explorers then tax the bees wax out of Petrobras holdings as a "nationalization global trend", when the Brazilians complain.
      View article »
    • Sun Aug 31st 14:14 PM | Rating: 0 0
      Commented on:
      The Top 10 Lowest Standard Deviation MLPs
      The article is good but only hints at a real problem faced by all Trust and MLP investors--Total Return.

      It does little good to receive a whopping yield when the unit price drops from purchase point that results in a lower return. MLP and Trust investors seem to chase yield with no regard for total return. Nevertheless, a good article.
      View article »
    • Sat Aug 30th 15:10 PM | Rating: 0 0
      Commented on:
      Ominous for the Globe but Good News for Oil Bulls
      Say what you like,pro or con. But to me it looks like a lousy 10 to 20years on the transportation fuel front until a technological breakthrough or infrastructure is as ubiquitous as the gas station currently is now.
      We already have alternatives to conventionalpower generation,it's now transportation fuel that is and will remain the ongoing issue.
      View article »
    • Fri Aug 29th 12:22 PM | Rating: 0 0
      Commented on:
      Oil Price Helps Trusts Sustain Current Rate of Distribution
      Regardless of PWE's reasons for selling she is having trouble raising production and the dividend payout.
      An estimate by CIBC WorldMarkets places an additional 300 to 400 million a year over the next 5 years over and above the current 900 million in development drilling and exploration PWE currently expends. People are just fascinated by the dividend in this stock when more viable and profitable alternatives exist in Crescent Point Energy Trust, ARC Trust, Advantage Trust, Triliogy Trust and Daylight energy Trust where all habve raised production and payouts the last year and have strong projections going forward as well.

      Most have had significant to good price appreciation over PWE on unit prices as well. this is where PWE is losing ground on total return.
      View article »
    • Sun Aug 24th 12:12 PM | Rating: 0 0
      Commented on:
      Rentech: Homegrown Synthetic Fuel On the Near Horizon
      Resourceman, you are making too much sense. Remember you are dealing with Congress.
      View article »
    • Sun Aug 24th 11:55 AM | Rating: 0 0
      Commented on:
      Ten Shining Arizona Stocks
      I like New Mexico,how about some touting there.
      View article »
    • Sun Aug 24th 11:52 AM | Rating: 0 0
      Commented on:
      Schlumberger: The Switzerland of Oil
      Increasingly, my own portfolio is being made up of oil service providers and E&P's that have large volumes of oil comming on stream over the next 5 years where the market doesn't recognize that fact.

      A good article in all ways.
      View article »
    • Sat Aug 23rd 12:53 PM | Rating: 0 0
      Commented on:
      Geologist: In Terms of Supply and Demand, the Oil Peak Is Past
      I still see in the Blogs people confusing power generation with transportation fuel. Mention oil shaortages and people start hollering for more solar and wind power, especially the politicians. Here is a fact: of all the 20 million barrels a day of oil consumed by this country, only 1.5 percent goes to power generation, the rest goes to transportation fuels and chemicals.
      People continually want to blow sunshine up our exhaust pipes by using wind power. Gentlemen, we are investors and as such we are experts in the fields of energy as compared to the average American. Let us start acting and Blogging as such.

      Please, no more solar/wind chatter etc. when the discussion is on Peak Oil. It does not apply. Mr. Brown knows this. That is why his comments on suburbia are poignant and worrying when he discussed Peak Oil--its transportation fuel and nothing more or less.

      Anybody for a garden of tomatoes in the back yard?
      View article »
    • Sat Aug 23rd 12:37 PM | Rating: 0 0
      Commented on:
      Q2 2008 Portfolio Moves: David Winters, T. Boone Pickens, Jim Puplava
      Hey guys, I got an idea: why don't we find out if Picken's is sincere on the "Wind to Energy" idea or just an elaborate ploy for water sales. Which if true is brilliant.

      Write your Congressman, US Senator, tell them we should build a pipeline from the Grat Lakes to the Mid continent Prairie to ensure wheat and corn productiion due to changing weather patterns.

      Then see what happens. A movement could be started.
      View article »
    • Sat Aug 23rd 12:28 PM | Rating: 0 0
      Commented on:
      Natural Gas Fund Is Flaming Out
      NG is a tough market to invest in due to a lack of worldwide pricing versus oil. I see this fund as only a trading vehicle and not a stock type investment for even a short term. The problem is that the management of the fund may have not touted the fund as an invest and hold entity but it sure sets it up as one where all the pricing profits and losses are comming from a volatile commodity based on a futures price that supposedly will match a spot price where both entities violently flucuate.

      The structure of the fund does not offer any leverage in the true sense of the word for the upside and only offers declines if its major thesis doesn't work out which it isn't.

      Investors are better off directly investing in the futures contract itself if they want volatility or if they seek an investment like an equity stake to purchase some of the larger Australian Oil and Gas stocks where LNG train building is going on and where Korea and Japan are paying the highest NG prices in the world. And will continue to do so for the next 3 years.
      View article »
    • Sat Aug 23rd 12:06 PM | Rating: 0 0
      Commented on:
      Three Charts To Ponder: Oil Services, Oil, and the Pound
      To paultaut: British Pound has been historically since 1974 a "petro currency". That maybe why they used it.however,the Pound is less and less a "petro currency" due to a declining North sea production base.

      So your point is well taken,the article does not explain the use or reasoning behind the Pound's inclusion here.

      A better currency is the Canadian Dollar with a CadJpy ratio. The Canadian Loonie vs. the Japanese Yen. That would have been far more appropiate here.
      View article »
    • Sat Aug 23rd 11:59 AM | Rating: 0 0
      Commented on:
      Canadian Oil Sands: Gates and Buffett Visit
      You get three things from oil sands development: 1. environmental problems that are significant, 2. Jobs, alot of jobs, 3. You also get oil.

      I wonder what Buffet and Gates were looking at: environment or jobs or oil?
      I think they were looking at the color of money.
      View article »
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