steve Ward

Total Rating:
+1 / 0

184 Comments

    • Tue Jul 29th 21:05 PM | Rating: 0 0
      Commented on:
      Beyond Petrobras: Value and Growth in the 'Other' South American Oil Companies
      Good job Harry. The cheapest oil companies in the world are producing and exploring in South America.
      Risk is overdone except for Venezuela. Maybe South America can feed itself and paydown debt.
      Bolivia should take note of what is happening in Peru, Columbia and Brazil. With some exceptions, all comers are welcome and the rule of law seems to be prevailing.
      View article »
    • Tue Jul 29th 21:00 PM | Rating: 0 0
      Commented on:
      Gulf Island Fabrication Offers Investors Growth and Value
      Dead cat bounce. Nothing here for an equity investor yet. The best thing is for the investor to buy and pray a buyout occurs. Good possibility of that. Otherwise the chart looks lousy and the stock would have to finish above 45.00 for 5 consecutive trading days.
      View article »
    • Tue Jul 29th 20:50 PM | Rating: 0 0
      Commented on:
      Goldsource Mines: Stock Jumps on Positive Drilling Results
      If this stock isn't an example of an energy bubble I don't know what is. This is more than a "jiggle". Something's not right and it just maybe a harbinger, a warning, if you will, on an overall energy bubble. This price action should be investigated. Oversold reaction my foot, with apologies to Mr. Cooper.
      View article »
    • Tue Jul 29th 20:46 PM | Rating: 0 0
      Commented on:
      How to Buy Alternative Energy for Free
      The shareholders need to revolt and install management with a better performance option or new management entirely.
      View article »
    • Tue Jul 29th 20:44 PM | Rating: 0 0
      Commented on:
      How to Buy Alternative Energy for Free
      This fund is 100 percent speculation and the market discount to NAV is proof. But so what, who wouldn't want to own 100 to 200 shares as a "flyer". My only problem is that management isn't wedded to to the shareholder via pain and performance. That's why I'm not buying. The risk part I like, its fun, win or lose.
      View article »
    • Mon Jul 28th 14:40 PM | Rating: 0 0
      Commented on:
      Northern Oil May Be Headed South - Barron's
      Crescent Point Energy Trust is the best "Blue Chip" Bakken play, in my not so humble opinion. Others are speculative, even XTO's large position. BEXP is partnered with Northern Oil so fallout may hit BEXP, but Marathon Oil is also partnered with Northern.

      NOG is expensive compared to others because of the rapid growth, which may stallout here somewhat. Could be a buy at lower levels.

      New technology will come about, and guys whi run oil producers like XTO know it. The idea is to grab the land and start some production and wait until newer technologies help you out.
      NAL Oil and Gas Trust, recently paid $120,000 per flowing barrel for Bakken oil. That's up about 50 percent from the purchase before that on the Canadian side.

      Maybe NOG is over valued, maybe at lower oil it is, maybe at higher oil it isn't. One thing for sure, there are several humdred billion barrels out there and at 60, 80 or 100 or higher, somebody will get it out.
      Bakken Trend is an invest and hold.
      View article »
    • Sun Jul 27th 16:18 PM | Rating: 0 0
      Commented on:
      The Benefits of Shifting to CNG for Fuel
      Based on USG numbers, only 1.5 percent of oil is used for power generation in the US. Yes, my references also point to 20 million barrels of oil aday in the US.

      Natural gas increases will have to come from unconventional sources, such as shale. That's the big one right now. But here again, the limitations are a heck of alot of water usage. Empasis on "heck of alot"
      Enviro hawks will probably stop alot of unconventional gas recovery as well. Like it or not, we still need more domestically produced oil, which ironically, has the lowest enviro footprint if conventionally produced.of all the natural hydro carbons.
      But the enviro nuts can't or won't talk about that.

      for confirmation of water usage in shale and tight sands gas extraction see Argonne National Labs Report on same, either late last year or early this.
      View article »
    • Tue Jul 22nd 19:34 PM | Rating: 0 0
      Commented on:
      Oil Sands: Will the 'Greens' Cause Us to Miss Out?
      Regaedless of the return on investmentn of "Bit" it is clear that the Conservative Party of Alberta pre-empted the Liberal Party of Alberta on beating them to the punch on raising Royalty Tax for the purpose of more dollars for government spending.

      It is equally clear that the current Albertan regime favors oil sands production over conventional production for the simple reason of longevity of the resource and hence a long cash flow to the government. The current Albertan regime does not mind one whit about conventional gas production moving to B.C. and the former Northwest Territories and conventional oil production moving to Saskatchewan and the Arctic. In fact it encouraged it by the tax whack they gave the conventional producers and by the agreement reached with Suncor.
      Conclusion: Political climate favors bit producers and bit producers will pay the higher tax due to the long life resource. Albertan population will stabilize and stop sucking every skilled worker out of the rest of Canada, thereby putting to rest the other Provinces penchant for wanting to declare a break up of the Canadian Federation, thereby assisting their conservative Brothers in Ottawa with final reason to explore the arctic and start to receive revenues in the Federal Treasurury and therby put money into the hands of the other provinces as witnessed by the record millions of land sales in B.C. and Saskatchewan. The Bit extra income will begin to satisfy the Albertans with more social services, tax holidays, more housing, more education, and more concerts in the park and a bigger dinosaur museum and probably a $5.00 per barrel whack on the Bit producers who will gladly go along with it for Enviro peace, for the Albertan Eviro Fund, where all of Alberta will buy carbon credits thus satisfying the religous based enviro jihadists, all over the world. It couldn't have been planned better, in fact it was.

      Buy, buy buy more oil sands stocks. Everything is OK. QAll is right with the world.
      View article »
    • Fri Jul 18th 11:09 AM | Rating: 0 0
      Commented on:
      UBS Analyst: Energy Trusts Offer Exceptional Value
      The trusts are inly " pink sheeted" because they refuse to pay thge fees for Amex or NYSE listings. That is not a reason to avoid them as most are multi-billion in assets.

      Stretching for higher yield will be a problem down the road for those who blindly go for yield. It is best to purchase those that have true growth comming on-line like Advantage, Vermillion, Crescent Point and Peyto.
      It will be hard to beat Vermillion as most of its assets are overseas and therefore avoids the Alberta Royalty hike as well as Crescent Point where all there growth assets are also not in Alberta.

      View article »
    • Wed Jul 16th 09:32 AM | Rating: 0 0
      Commented on:
      Barrick's Bid for Cadence Energy a Sign of Things to Come
      Oil qand gas seem to have replaced the gold as an inflation and cap gains vehicle.

      Is this a contrarian indicator on the price of oil? I doubt it, but it is interesting that oil has soared 50.00 a barrel while gold has done nothing.
      View article »
    • Tue Jul 15th 22:25 PM | Rating: 0 0
      Commented on:
      RBC Upgrades Canadian Natural Resources; Downgrades Nexen
      The Nexen execution risk has been exagerated to a fairly un-realistic degree. The product is there and at depths financially favorable. The execution will be slower, but will see 29,000 boed at worst 9 months longer than anticipated.

      With the advent of the gassifier technology, Nexen will produce 39 to 40 API oil at only half the gas consumption and far less water consumption and hardly any remediation expenses as compared to the miners of bit, such as Suncor.

      Nexen has been dissapointing in execution but will deliver. I see no need to switch out to CNQ. Add money to develop a position in CNQ but don't sell Nexen to get it. Nexen is better diversified than CNQ and it's Buzzard field is the proverbial "company maker".
      View article »
    • Tue Jul 15th 22:14 PM | Rating: 0 0
      Commented on:
      Duvernay Oil Agrees to Takeover Bid from Shell Canada
      Increasingly, buyouts will occur for Canadian companies that have their assets in one bucket, that is one country, ruled by law with a respect for property rights.This l;eaves out the Talisman's and Nexen's as their properties are widely scattered and to sell off the foreign assets to time consuming.
      Other possible buyouts of the one bucket company are Crescent Point Energy Trust, like Duvernay, a rising production profile and long lived assets as well as Tri star Oil and Gas.

      Now the premiums are starting to bite and are in larger dollar amounts with significant upside to the last quote before the buyout offer. It appears some majors, such as Shell, are believing the high prices are here to stay. The others will follow and the investor in the independent oil and gas company will finally reap the rewards of higher buyout prices, finally.
      View article »
    • Mon Jul 14th 19:50 PM | Rating: 0 0
      Commented on:
      The Long Case for Canadian Oil Sands Trust
      Amen, brother.
      View article »
    • Sun Jul 13th 11:08 AM | Rating: 0 0
      Commented on:
      The Long Case for Canadian Oil Sands Trust
      Fact is, COS has made alot of people money over the last 5 years, far more than expected. COS is beset with management and enviro problems that will be on-going for years. Expect the Albertans to get richer and the Provincial government to reap more money to plow into social services.; When it reaches a relative saturation point ten that is when the Albertan public and government will turn full attention to enviro problems and safety problems and drug related problems. Then sell, all of of COS and don't let the door hit you in the backside on the way out.
      Until then hold and you could argue buy even more.
      However, I favor Nexen and OPTI over COS but COS will make even more money until the social change regime takes over. Remember, Liberals need lots of money to work their "magic" COS can supply the lucre.
      View article »
    • Fri Jul 11th 09:57 AM | Rating: 0 0
      Commented on:
      Four High-Yielding Canadian Oil Income Trusts
      High oil and somewhat higher gas prices are bailing alot of Canroys out of a difficult decision as to float more shares or to borrow more for production increases or to at least maintain production.

      Most Canroy's have over-hedged and will not enjoy the full benefit of these prices.

      According to Penn West Annual Report, US investors can expect an additional Canadian with holding of up to 23 percent starting in 2011.
      Also, Mr. Kurt Wulff jas dropped the NAV of PWE by 11 to 12 percent due to the higher Alberta Royalty Tax. You can only wonder what other Canroys Mr. wulff doesn't cover will have the same done to them. So much for PWE poo pooing the higher tax as not significant.

      View article »
Loading...
Symbols:
Authors:
Quick Links:
Contribute an Article Become a Seeking Alpha Contributor

Transcripts

More Transcripts»