steve Ward

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184 Comments

    • Fri Aug 22nd 10:23 AM | Rating: 0 0
      Commented on:
      Buffett, Gates Help Bid Up Canadian Natural Resources
      I think Ernie could be right on this one. However, there is one caveat: Buffet may come tothe conclusion that there is no viable alternative for transportation fue for decadesl and go ahead and invest in an oil sands project or projects.
      View article »
    • Thu Aug 21st 09:41 AM | Rating: 0 0
      Commented on:
      Four Unique Oil Sands Plays You've Never Heard Of
      Larry, good article on the old principle of "Selling the miners the shovels,picks and food and booze" made more millionaires than the gold itself.

      Saskatchewan is the real hot area with the Bakken going strong and will get stronger. That's the area where an impossible crunch for living quarters will occur. Not enough hotels and not enough rentals near the oilfields.
      Any news on NPR increasing its holdings there??
      View article »
    • Sat Aug 16th 15:05 PM | Rating: 0 0
      Commented on:
      Mechel Trouble Spells Buying Opportunity for Gazprom
      Ah yes, a return to the Czars and the Boyer Classes with the enevitable 21 st Century technology and government structure.

      Please the Czar and you get the momopoly in a certain business, displease the Czar and you are out of business. no matter the substance of your reward or the proof of your crimes, just please the Czar and join the Boyer Classes of 21 Century Russia.
      The more things change the more they stay the same.
      View article »
    • Fri Aug 15th 09:22 AM | Rating: 0 0
      Commented on:
      Why Is Petro-Canada Such a Bargain?
      PCZ's oil sands project in partnership with Tec Cominco and UTS will go over budget like CNR's did. However, once up and running Katie bar the door.

      PCZ is the cheapest integrated on the market today. But in the last two days I've seen numerous articles advocating its purchase. This is a temporary contrarian signal, so don't buy for several months because it will get cheaper than higher.
      View article »
    • Thu Aug 14th 11:51 AM | Rating: 0 0
      Commented on:
      Bargain Hunting in the Canadian Energy Market
      Talisman's new CEO is actively looking for longer life reserves and obviuosly feels un conventional resources are it, particularly on the gas side where the Alberta Royalty increase bites the least.

      PCZ on the other hand appears to be the cheapest integrated oil company, other than Lukoil, in the world. when PCZ gets its Bit operations going then it's Yahoo. Chevron and BG Group also fit nicely for an investor with a 5 year time horizon on an integrated oil company investment.

      both are good picks and I find that the admonision of TLM being a bit speculative very good advice.

      One of the best, succinct and accurate articles I've ever read.
      View article »
    • Thu Aug 14th 11:43 AM | Rating: 0 0
      Commented on:
      Penn West Energy Q2 Earnings Update
      Crescent Point Energy Trust is a Canroy that knows how to Hedge. They use a complex formula of hedges and collars and puts which they put in theirannual report.
      Dave, what is the purpose of PWE's hedge-meeting principal or interest payments or the dividend??
      Has management ever stated the purpose of the hedges?
      View article »
    • Tue Aug 12th 16:58 PM | Rating: 0 0
      Commented on:
      What the New Interest in Saskatchewan Oil Sands Means For Oilsands Quest
      I don't think BQI is in the driver's seat at all, whether it is 1.5 or 6.6 billion barrels of bit. At the current price and at already 220 million plus shares, BQI had better see 22.00 a share or better in order to fund anything.
      Like it or not, Big Oil has the cash and is the driver here, particularly with skilled labor shortage, upgrading bottlenecks, etc.
      BQI has too many shares, too low of a price to be a driver. Expect Saskatoon to do something if BQI gets stubborn and doesn't deal. Like put timeline on development such as use it or lose it.

      However, an interesting speculative play.
      View article »
    • Tue Aug 12th 00:47 AM | Rating: 0 0
      Commented on:
      Goldsource Mines: Stock Jumps on Positive Drilling Results
      Small cap may account for the wild price action but the company poo pood any leaks on the drill results. Difficult to believe in its entirety.
      By bubble, I mean the price people are willing to pay for something that's not even a going concern.

      this is one of the wildest price actions I ever seen.
      there is a manicness to it as well as some other energy stocks that are now being touted without a viable financial or production profile or projection.
      That's the bubble.
      View article »
    • Tue Aug 12th 00:33 AM | Rating: 0 0
      Commented on:
      Hydropower: The Renewable Energy Elephant in the Room
      There was or still is a publicly traded, on the TSX, hydro company that had facilities in Canada and Maine. If it is an L.P., we Americans can't buy it. However, anyone out there know the name and symbol. It used to pay a very good dividend.

      Of course enviros hate hydro. What do you expect out of religous zealots. Only solar and wind power works for them.

      the faster we put the enviro zealots in power the faster they will beat the American people like a rented mule and the faster the American people will get rid of them at the polls when they see the impracticalness of their zealotry.
      View article »
    • Fri Aug 8th 14:25 PM | Rating: 0 0
      Commented on:
      Rentech: Homegrown Synthetic Fuel On the Near Horizon
      Coal to liquids, solar, wind power, NG to liquids all need gov't subsidies for the next 3 to 5 years if not longer in order to compete. Additionally, the current science on all the alternatives is at its infancy.Improvements in the sciences will have to be made. But you gotta start somewhere.

      Asd an investor I would look for what the Congress over the next 4 years will do in the subsidy area, who will get the most. Invest there.

      Also, some unconventional methodologies are eco unfriendly. Shale gas uses a tremendous amount of water. In the Barnett a few years ago, ranchers were making more money selling water to gas producers than raising cattle or crops. Also, coal is still dirty no matter its process and sequestration needs big bucks for infrastructure.

      We should all get a kick out of the enviro jihadists in Congress the next 4 years fighting over their pet project "clean fuel" ideas. Seeing fratracide amongst the tree huggers will be entertaining.

      But the sad fact is before it's over the American People will be beat down like a rented mule until some sensible energy plan is acheived.

      A fine example of this is when Speaker Pelosi was asked by George Stepanopolous of ABC news why she doesn't permit a vote in the House up or down on expanded off shore drilling. Her reply, "We must save the planet". She said it with all the wild eyed zealousness of a religous fanatic. No, I'm not exaggerating, see the interview for yourself.

      Fun times for the Dems when they get into fights over how much to subsidize coal vs. solar etc.
      View article »
    • Fri Aug 8th 13:58 PM | Rating: 0 0
      Commented on:
      Encore Acquisition Takes Itself Off the Market
      Encore has a classic problem, lower energy prices and not enough production to bolster earnings regardless of oil and gas pricing. Additionally, she has all her future potential in unconventional plays. Lower oil and gas pricing always favors conventionally produced oil and gas.

      Someday this stock goes somewhere, but when the market doesn't seem to know.
      View article »
    • Wed Aug 6th 22:18 PM | Rating: 0 0
      Commented on:
      Energy May Not Be the Top Performing Industry
      I understand that an equal weighting is necessary to show an "absolute", pure median. But if one ran a fund that way one would expect to get fired by ignoring your winners equaly with your losers If you know what I mean..
      View article »
    • Wed Aug 6th 22:13 PM | Rating: 0 0
      Commented on:
      Oil Approaching Bear Market Territory
      Oil down 20 percent is still OIL DOWN 20 percent, bear market indicator or not.This doesn't seem like the pause that refreshes.

      The whole commodities blow up has centered around oil and the industrial metals, natural gas is still the step child of the commodities world and it isn't going anywhere without a government backed carbon credits scheme, emphasis on scheme.

      A true commodities squeeze would have more "stuff" higher in price. But, yet that may come about over the next 4 to 5 years, but not the next 6 to 12 months.
      View article »
    • Mon Aug 4th 09:37 AM | Rating: 0 0
      Commented on:
      Is Ormat About to Close a Billion Dollar M&A?
      But with the so called "Clean Energy" Presidents, McCain and Obama, they'll conjure up a government subsidy to assist in waste brine disposal.

      All the government subsidies for so called re-newable resources will be on the table in return for legislation that opens up drilling.
      View article »
    • Sat Aug 2nd 19:22 PM | Rating: 0 0
      Commented on:
      Rick Rule's Rules on Energy: Best Management Team, Risk-Adjusted Value
      It is remarkable to see absolutely no blog comments for this article. I take that as a complete contrarian indicator. BUY, BUY BUY, geothermal. Otherwise I know nothing else about them.
      View article »
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