Mmarrkk

Total Rating:
+3 / -2

257 Comments

    • Tue Sep 18th 12:08 PM | Rating: 0 0
      Commented on:
      Is $150 a Barrel Coming Sooner Than We Think?
      No student drivers....Is that such a bad thing???
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    • Fri Sep 7th 09:34 AM | Rating: 0 0
      Commented on:
      Is Chesapeake Energy Selling Assets For More Drilling?
      I don't think you have it figured out. If you look at their balance sheet and income statements, you'll see that CHK really does need to raise cash to fund the drilling programs. In the past they've floated debt or issued shares. And they have been hammered on Wall Street. This is an ingenious way of raising the money by selling assets that are going to fetch a very high premium to their market value. Read the transcript of their investor call the other day. Its actually pretty clear and a great way to do this.

      They are shutting in production due to overall market prices and storage overhang. It has absolutely nothing to do with a "lack of customers" on a regional level. CHK doesn't sell into a retail base where they have to hunt for 'customers'. The problem right now is we have an overhang of storage and that is driving all gas prices down. And why produce gas at $5 when you believe it will be at $8 in a few months? And, again if you listen to their investor call, you'll note that they won't be shutting in production in the Northeast. It will mostly come from shutting in "high rate" wells in other areas. The Appalachian wells are very very very low rate wells and they'd have to shut in hundreds to get this kind of impact. Or, they can shut in less than 50 wells in other basins and get the same impact.

      Need to pay closer attention to the details and understand the NG biz a bit more.
      View article »
    • Fri Sep 7th 09:32 AM | Rating: 0 0
      Commented on:
      Is Chesapeake Energy Selling Assets For More Drilling?
      I don't think you have it figured out. If you look at their balance sheet and income statements, you'll see that CHK really does need to raise cash to fund the drilling programs. In the past they've floated debt or issued shares. And they have been hammered on Wall Street. This is an ingenious way of raising the money by selling assets that are going to fetch a very high premium to their market value. Read the transcript of their investor call the other day. Its actually pretty clear and a great way to do this.

      They are shutting in production due to overall market prices and storage overhang. It has absolutely nothing to do with a "lack of customers" on a regional level. CHK doesn't sell into a retail base where they have to hunt for 'customers'. The problem right now is we have an overhang of storage and that is driving all gas prices down. And why produce gas at $5 when you believe it will be at $8 in a few months? And, again if you listen to their investor call, you'll note that they won't be shutting in production in the Northeast. It will mostly come from shutting in "high rate" wells in other areas. The Appalachian wells are very very very low rate wells and they'd have to shut in hundreds to get this kind of impact. Or, they can shut in less than 50 wells in other basins and get the same impact.

      Need to pay closer attention to the details and understand the NG biz a bit more.
      View article »
    • Fri Sep 7th 09:28 AM | Rating: 0 0
      Commented on:
      Is Chesapeake Energy Selling Assets For More Drilling?
      I don't think you have it figured out. If you look at their balance sheet and income statements, you'll see that CHK really does need to raise cash to fund the drilling programs. In the past they've floated debt or issued shares. And they have been hammered on Wall Street. This is an ingenious way of raising the money by selling assets that are going to fetch a very high premium to their market value. Read the transcript of their investor call the other day. Its actually pretty clear and a great way to do this.

      They are shutting in production due to overall market prices and storage overhang. It has absolutely nothing to do with a "lack of customers" on a regional level. CHK doesn't sell into a retail base where they have to hunt for 'customers'. The problem right now is we have an overhang of storage and that is driving all gas prices down. And why produce gas at $5 when you believe it will be at $8 in a few months? And, again if you listen to their investor call, you'll note that they won't be shutting in production in the Northeast. It will mostly come from shutting in "high rate" wells in other areas. The Appalachian wells are very very very low rate wells and they'd have to shut in hundreds to get this kind of impact. Or, they can shut in less than 50 wells in other basins and get the same impact.

      Need to pay closer attention to the details and understand the NG biz a bit more.
      View article »
    • Fri Sep 7th 09:28 AM | Rating: 0 0
      Commented on:
      Is Chesapeake Energy Selling Assets For More Drilling?
      I don't think you have it figured out. If you look at their balance sheet and income statements, you'll see that CHK really does need to raise cash to fund the drilling programs. In the past they've floated debt or issued shares. And they have been hammered on Wall Street. This is an ingenious way of raising the money by selling assets that are going to fetch a very high premium to their market value. Read the transcript of their investor call the other day. Its actually pretty clear and a great way to do this.

      They are shutting in production due to overall market prices and storage overhang. It has absolutely nothing to do with a "lack of customers" on a regional level. CHK doesn't sell into a retail base where they have to hunt for 'customers'. The problem right now is we have an overhang of storage and that is driving all gas prices down. And why produce gas at $5 when you believe it will be at $8 in a few months? And, again if you listen to their investor call, you'll note that they won't be shutting in production in the Northeast. It will mostly come from shutting in "high rate" wells in other areas. The Appalachian wells are very very very low rate wells and they'd have to shut in hundreds to get this kind of impact. Or, they can shut in less than 50 wells in other basins and get the same impact.

      Need to pay closer attention to the details and understand the NG biz a bit more.
      View article »
    • Thu Aug 23rd 09:42 AM | Rating: 0 0
      Commented on:
      Why Energy Efficiency Is A Difficult Sell
      When one looks at the "carbon footprint" (argghhh...I hate that term already) of a Prius on a cradle-to-grave basis, this is anything but a "green" car. It does more damage to the environment than a Hummer. ABC did a special report on this that shows when you include the impact of building the battery, shipping it for assembly, shipping the car, running the car, generating the power to charge the car, etc. etc. etc. it would be just as enviro-friendly to have bought and operated the Hummer.

      And, the more Al Gore talks, the more I will do EXACTLY THE OPPOSITE of what he says. The guy is a loon and I don't put spit into anything he says. He's also the world's biggest hypocrite. Environmental damage this, carbon that. Then, look at his freaking house! It is an environmental disaster. His flights on private jets??? Get real.
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    • Tue Aug 14th 09:57 AM | Rating: 0 0
      Commented on:
      House OKs Alternative Energy Incentives, $16B in Taxes on Oil Industry
      Thanks for the update. I stand corrected on that point. However, I still don't understand why some "DEMAND" that oil and gas companies invest in alternative energy. Why must they? That's not their business. Their job is to find, produce, refine and sell oil, natural gas and gasoline and other assoicated products, then to return as much profit as legally possible to their shareholders. That's the business. Not to go off and invest in wind farms, cow farts, etc.
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    • Tue Aug 7th 09:10 AM | Rating: 0 0
      Commented on:
      House OKs Alternative Energy Incentives, $16B in Taxes on Oil Industry
      If the government came out and said we will tax red cars 25% more than green and blue cars, owners of red cars would lobby their congressmen to overturn that action. Same thing with oil companies. Discriminatory taxes don't work and that's why they are fighting this. Haven't we learned that taxing an industry does not grow an industry? The 1970's windfall profits tax drove capital investment out of the US and into foreign countries. And that's just what this fool hearty move will do. Not enough oil/gas being produced in the US?? Why don't we over tax the only people investing money trying to find and produce more of it! That will get them to spend more and produce more!! The mindset of the left side of the aisle just cracks me up!
      View article »
    • Tue Aug 7th 09:06 AM | Rating: 0 0
      Commented on:
      House OKs Alternative Energy Incentives, $16B in Taxes on Oil Industry
      These companies are OIL and GAS companies. Why don't we suggest that GM and Ford start building bicycles? Its stupid. A key to being successful is to know what you do and do it best. oil and gas companies are wind/solar/nuclear companies. Their staff are not trained for these other industries. They are trained for the oil and gas industry. That industry will be around for a while, even as supplies go down and prices continue to rise.

      Why don't some of these big money guys start solar/nuclear/wind energy companies?? Buffett, that crook Soros, Michael Moore and John Edwards (snicker), etc. Bill GAtes? Why hasn't Gates invested his BILLIONS into wind/solar/nuclear?
      View article »
    • Mon Aug 6th 09:45 AM | Rating: 0 0
      Commented on:
      Chesapeake Post Earnings: On the Stupid Side of Cheap
      CFPS - cashflow per share
      NGL - natural gas liquid

      he's writing for investors. if you don't know what these stand for, his recommendations aren't for you. these recommendations are risky and should only be considered by someone who understands them. The jargon is used daily by accredited investors in oil and gas. but you are asking the right questions. a bit of a google would have yielded same.
      View article »
    • Mon Aug 6th 09:39 AM | Rating: 0 0
      Commented on:
      House OKs Alternative Energy Incentives, $16B in Taxes on Oil Industry
      blah blah blah

      W is right...this bill will do nothing to increase our supply of energy. In fact, when you single out one industry for additional taxation (above the already excessive rates) there will be a predictable outcome...they will stop investing in the U.S. Instead, oil companies will spend their investment capital in other parts of the world and secure other countries' energy futures, putting ours at additional risk. The 1970's windfall profit tax was the same way...once it hit, oil companies started diverting money to other countries where the taxation policies weren't discriminatory and confiscatory.

      Thankfully, this bill will never see the light of day. Even if the Senate approves it, which I doubt, W will veto it. He really doesn't care what you think. He does what is right. That's what ticks you guys off.
      View article »
    • Wed Jul 25th 08:39 AM | Rating: 0 0
      Commented on:
      Value Created By Transocean-GlobalSanteFe Merger Greater Than the Headline Numbers?
      You say you'd be careful with drilling companies and would have a quick trigger finger with the offshore guys. Can you give more insight into why you are worried about the offshore drillers? Just don't see any reasons in your writing to warrant the statement and wanted a bit more insight. I see long backlogs in the offshore drillers, multi-year contracts already signed at very high dayrates and utilization at close to 100%. Many companies cannot get a rig to drill their wells and have potential lease expiration problems due to the inability to find a rig that can be contracted. That would say demand is far outstripping supply, which is usually good for a supplier.
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    • Thu Jul 19th 13:22 PM | Rating: 0 0
      Commented on:
      ConocoPhillips: Grit Your Teeth and Sell
      Check again...COP makes about 50% of its profit from oil production and oil refining. About 50% in natural gas. these are very rough figures but directionally correct. DEFINETLY NOT a pure natural gas play. Look at their reserves; no where near dominated by natural gas.
      View article »
    • Sat Jul 7th 22:01 PM | Rating: 0 0
      Commented on:
      The Grand Nigerian Oil Scam
      Whether you and a bunch of others believe that refineries are bad investments isn't my problem. I can tell you that when you crunch the economics, the return on investment is well below anything acceptable to any industry, EXCEPT Government. Government doesn't need to make a return; everyone else does. When you factor in the capital cost and the operating costs and the raw products that feed a refinery, then yes, they are horrible investments. That is why no one is building them. Not the state run oil and gas companies who definetly have the skills and capabilities.

      Two other points: the cost of running the refinery has definetly gone up. Labor costs and materials are all going up. Plus the cost of the raw product, crude oil, has skyrocketed. Second, there are a lot of folks with the expertise to build refineries. Call any number of major engineering firms (none owned by Big Oil) and they can design one. And call the big construction groups and they will build you one. Call the big contractors and they will run it for you. All you need is CASH. And Soros, Gates, etc. all have lots of that. But they won't make the investment because it is very poor. Believe it or not. That's not my problem. I've seen the numbers and I understand the economics. You and many others obviously do not.

      Nat Gas prices have languished?? Are you really kidding? They've gone from under $2 to over $7 in the last 3-4 years. Man, what languishing!!

      No its not coincidence that refineries adjust their product mix during spring break. It's when the new product is needed. If they didn't do it then, there would be worse problems. Earlier than that and the supply of heating oil would be curtailed and you'd have little old Yankees freezing in the Northeast. Any later and there would be serious supply disruptions as we enter the summer driving season. Do a bit more research.

      You guys can claim foul and you can claim collusion and all the other crappola. But you can't prove it and you can't show it and all you have is circumstantial evidence. Again, there will never be any conviction or indictment because there is no "there" there. Stock buybacks are a way of life and as a stockholder, I love them. They are giving me some of my investment back. Instead of griping and complaining, why not buy some XOM stock.

      Oh, and while you're researching, go try and find out how much of XOM's profit comes from the U.S. and more specifically, U.S. refining and marketing. I think you'll be amazed at how small that portion really is. Care to guess?? I know the number and its quite small. So, they could stop selling gasoline altogether and let valero, Citgo, etc. refine and sell the gasoline and guess what? They would still make b-b-b-b-billions of dollars. BooYahhhhh.
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    • Fri Jul 6th 14:27 PM | Rating: 0 0
      Commented on:
      The Grand Nigerian Oil Scam
      Oh, have you rounded up those investors for the super big money making investment in a new refinery?

      Didn't think so.
      View article »
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