adamnb

11 Comments

    • Will Drilling Offshore Affect World Oil Prices? [view article]
      Since when has it become the policy of major oil companies to increase production and bring prices down? If so, that would be news to investors. Aug 19 04:46 PM
    • Move Over Exxon-Mobil, Here Comes Gazprom [view article]
      Hi Kathi: I too made a lot on Gazprom and Lukoil. I also took a flyer on Surgut and Surgut pref, based on rumors that Putin was the largest single shareholder and because they were very cheap. Can't say I've had any good results as yet with these, but am still holding. Aug 05 06:29 PM
    • Gazprom Woos Libya in Attempt to Corner Gas Market [view article]
      The article is extremely biased. Both Ukraine and Belarus like most of the former Soviet satellite were subsidized by Gazprom at prices far below market prices. When these countries opted to join NATO, the Russian government decided that if they want to join Europe, they should pay European prices (by the way, they still don't). As the conservative Economist put it, "this was an financial, not an political act." Of course Gazprom wants to be dominant in every market. So does every major international oil company. So? Jul 14 07:42 PM
    • Can Gazprom Realistically Meet Its Natural Gas Projections? [view article]
      Dear Randy:

      I think you're batting one thousand. I'd like to contact you personally to talk business. How do I go about it? By the way, beside Gazprom, I also own Lukoil and Surgutneft.       May 16 08:14 PM
    • Can Gazprom Realistically Meet Its Natural Gas Projections? [view article]
      My compliments on an excellent and well thought out article. One question: what's the potential for Sakhalin?

      I'm also a GZP shareholder.       May 13 06:31 PM
    • Natural Gas Sold Out: Stage Set for Long-Term Price Doubling [view article]
      The former comment makes my point; don't expect the Alaska/Canada gas pipeline to be built, but an all Alaskan pipeline could be and should be built. There is no shortage of gas at the North slope, and expect enormous reserves coming on stream in the next few year from the new federal leases in the Chugach Sea. May 09 03:44 PM
    • Natural Gas Sold Out: Stage Set for Long-Term Price Doubling [view article]
      Great discussion, folks. Only want to add one thing. ANWAR is insignificant compared to building a natural gas line from the North Slope, Alaska, with staggering reserves that until recently was flared and now is still being pumped back into original mines. It's incredible that the gas pipeline wasn't built in the '80's as originally planned to parallel the 700 oil line to Valdez . Now we're talking about piping gas across the Canadian Yukon, some 3,500 miles to Alberta, at an estimated cost of $12 billion. My guess, it will cost much more and likely never be built. May 08 06:20 PM
    • BP Could Lose $20 Billion to Gazprom [view article]
      Dear Patient:
      Good points. I too bought Gazprom in '98 after the Russian ruble collapse, when a friend who worked for Cargill in Russia, told me that Russia would never see business come back again and it was all over. I immediately went on a search for how I could buy Russia's mineral assets, and believe me in those day, it wasn't easy. My Merrill Lynch broker laughed at and actually suggested I buy WorldCom, a company that he believed belonged in everyone's portfolio. My belief then as now is that no matter whether the Kremlin falls into the sea, the world will still have to buy Russian oil and gas. Proven reserves are all that matter in the marketplace. I also bought in below a dollar, also the same for Lukoil.

       Apr 09 06:30 PM
    • Gazprom: Ideally Positioned on Its Price Chart [view article]
      I agree that Gazprom is seriously undervalued. The same is true for nearly all Russian energy stock when compared to its peers. Consider Rosneft with reserves equal or greater than PetroChina, with shares selling at only one eighth the price. Lukoil also is a great bet. Mar 31 06:04 PM
    • Should We Buy the PetroChina Stock Buffett Sold? [view article]
      My problem with PTR is that with reserves of slightly over 20 billion b/o, its prices and market cap is nearly is over 15 times that of competitors like giant Russian oil company Rosneft, with nearly equal reserves. Rosneft also has far more potential for discovery within in home country, while PTR is trying to acquire reserves in foreign countries at a time when oil prices are sky-high. Mar 25 02:32 PM
    • The Green Investor: Choosing An Alternative Energy ETF [view article]
      The Saudi's are talking about increasing oil production, targeting a price of $85p/b. If so, energy prices will fall, with alternative energy falling even harder. I know of a number of inverse etfs that play on falling oil and gas prices but am not aware of any inverse etf targeting falling prices on alternative energy. Any answers? Mar 25 02:18 PM
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