Seeking Alpha

optionsgirl

optionsgirl
Send Message
View as an RSS Feed
View optionsgirl's Comments BY TICKER:
Latest  |  Highest rated
  • Testing [View instapost]
    SA is trying to retrieve the chat. If they can't do it, I will have to retrieve the stocks listed from scratch, and the comments will be gone. So let's give them a little time.
    Nov 2 05:20 PM | 4 Likes Like |Link to Comment
  • Testing [View instapost]
    I lost the quick chat insta started 11/1/09. I think it was my own fault. I was going to update the insta and probably hit delete. I emailed Mick Weinstein to see if SA can restore it. Hoping someone reads this!
    Nov 2 02:31 PM | 6 Likes Like |Link to Comment
  • Stiglitz: Don't Forget Role of Jobs Growth in Recovery [View article]
    Very good article and clever conclusion. How can the government create jobs? By giving tax credits to businesses of all sizes so that they can go out and hire. If it's a case of "pick your poison", that's the one I'd reach for. Too bad nobody asked me!
    Nov 2 01:30 PM | 3 Likes Like |Link to Comment
  • What Happens If Roubini Is Right? [View article]
    I'm selling some miners, too. Looks a little toppy here.


    On Nov 02 10:01 AM Graham and Dodd Investor wrote:

    > I am selling my positions one by one. Except my gold stocks, and
    > some dividend payers.
    Nov 2 01:25 PM | 1 Like Like |Link to Comment
  • Nucor: 'The Segment of the Economy We Serve Is Not Improving' [View article]
    You are right, NUE is falling. For those of us who are thinking industrials look good for the 4th quarter, here's the flip side.

    Additionally, they made a statement regarding climate control legislation a few days ago. Here it is:
    News Story
    US Steelmakers Say Senate Climate Change Bill Is Unacceptable
    4:31 PM EST October 27, 2009

    DOW JONES NEWSWIRES

    U.S. steelmakers warned Tuesday that the Senate's revised climate change bill would lead to further erosion of America's manufacturing base unless significant changes were made before it was enacted.
    "Unless the Senate makes important modifications in the areas of emission allowances, energy cost impacts and border adjustment, U.S. steelmakers and our workers will be at a significant competitive disadvantage in the global marketplace, which will result in extensive job loss and emission migration to overseas markets," said Thomas Gibson, president of the American Iron and Steel Institute, in a statement.
    After months of delays, Democratic Sens. Barbara Boxer of California and John Kerry of Massachusetts unveiled Friday a more detailed version of their climate legislation. The version of the bill, which would seek to cut greenhouse-gas emissions by 20% below 2005 levels by 2020, includes new provisions intended to hold down costs to consumers and certain industries.
    Democratic Sens. Arlen Specter of Pennsylvania and Amy Klobuchar of Minnesota have worked to increase the percentage of allowances available to energy-intensive industries in the first two years of the cap-and-trade emissions program and for creating an allowance reserve for intensive energy industries, but Gibson said it wasn't enough.
    Steelmakers would still face stiff competition from their peers who produce steel in countries where environmental rules are less stringent; U.S. steelmakers would face a barrage of cheap imports as a result, he added. Furthermore, the cap-and-trade emissions program would lead to higher energy costs for steelmakers since utilities and energy companies are likely to pass on the additional emission costs to their customers.
    "The Senate's revised Boxer-Kerry bill does not contain sufficient allowances to address the costs associated with emissions that our industry would face under the bill," Gibson said. "In fact, the Senate bill provides fewer allowances than in the" House of Representatives bill.
    He said much more work needs to be done to make the bill acceptable.
    "If we don't get climate legislation right, the economic burden would be borne by American manufacturers and American workers," Gibson said.
    The cap-and-trade provisions of the House climate bill would cut the nation's gross domestic product by as much as 0.75% by 2020 and between 1% and 3.5% by 2050 and lead to substantial job losses in energy-intensive industries, the AISI said, citing comments from Congressional Budget Office Director Douglas Elmendorf who testified before the Senate Energy and Natural Resource Committee.
    AISI's members represent about 75% of U.S. and North American steel capacity and include steelmakers such as the US Steel Corp (X) and Nucor Corp. (NUE).

    Company Web Site: www.steel.org

    -By Alex MacDonald, Dow Jones Newswires; 44 20 7842 9328; alex.macdonald@dowjone...
    Nov 2 01:19 PM | Likes Like |Link to Comment
  • What Happens If Roubini Is Right? [View article]
    Time to go to cash?
    Nov 2 08:51 AM | 5 Likes Like |Link to Comment
  • Swine Flu News Concentrator (November 1 - 4 2009 - Part 1) [View instapost]
    Thanks HTL. I did it several times!

    NVAX is reporting Friday 11/6 after 8 am.
    Nov 2 12:36 AM | 3 Likes Like |Link to Comment
  • Swine Flu News Concentrator (October 2009 - Part 3) [View instapost]
    You're welcome. Hope you don't need to take any!


    On Nov 01 02:50 PM Mayascribe wrote:

    > OG: Thanks for the Tamiflu/Relenza post. That's vital information
    > for my fam, as well as everbody elses.
    Nov 2 12:33 AM | Likes Like |Link to Comment
  • Swine Flu News Concentrator (October 2009 - Part 3) [View instapost]
    NVAX reports Friday, 11/6 after 8:00 am.
    Nov 2 12:30 AM | 1 Like Like |Link to Comment
  • UNG: The Effects of Contango [View article]
    Sorry to bother you with this, it's just so freaky. Did you see this? Been happening for 2 yrs and I never heard of it before!

    ap
    Colorado county copes with methane mystery
    Exploding wells: Colo. county sits atop natural gas bonanza, awaits outcome of methane mystery

    * By Judith Kohler, Associated Press Writer
    * On 7:19 pm EST, Sunday November 1, 2009


    WALSENBURG, Colo. (AP) -- Bernice and Jerry Angely like to show visitors the singed T-shirt a friend was wearing when their water well exploded and shot flames 30 feet high.
    AP - In this photograph taken on Monday, Aug. 10, 2009, Ben Bounds stands next to a pipe that vents ...

    AP - In this photograph taken on Monday, Aug. 10, 2009, Ben Bounds stands next to a pipe that vents ...
    Related Quotes
    Symbol Price Change
    EGAS 8.88 -0.03
    Chart for Energy, Inc.
    {"s" : "egas","k" : "c10,l10,p20,t10","o" : "","j" : ""}

    The friend wasn't hurt. But that and an explosion at another home weeks earlier forced Colorado to suspend natural gas drilling around this southern plains town until someone could find out why dangerous levels of methane were getting into the groundwater.

    Two years later, Walsenburg and surrounding Huerfano County are still waiting, its residents caught in a collision between two of the West's vital resources: Water and natural gas.

    "The water is so saturated with methane and other chemicals it is not to be used for human consumption," said Bernice Angely, who's had water trucked to her home 10 miles west of town since her well blew up in July 2007.

    Petroglyph Energy Inc., a Boise, Idaho-based firm that has worked the rolling plains of the Raton Basin since 1999, suspended drilling until it can stem the methane. Colorado also is rewriting rules that had allowed Petroglyph to discharge water runoff from its drilling into streams and creeks.

    But Petroglyph says it's not clear the drilling caused the methane leaks or prompted other area water wells to run dry. Eying what it calls an extremely promising natural gas field, it believes a shallow water formation tapped by area homeowners isn't connected to a deeper one pumped by the company for its drilling operations.

    Petroglyph chief operating officer Paul Powell also believes a growing number of new homes in the area could explain some of the dry water wells.

    "We'll do what we need to do," Powell said, stressing that his firm is working with the state on a solution.

    Petroglyph has a plan to prevent the flow of methane into water wells by creating a hydraulic barrier. The company has proposed pumping water from an underground formation and injecting it into a row of wells where gas drilling occurs. Powell said gas will migrate into a void, and "if the void is full of water, there isn't room for gas to migrate through it."

    State regulators say the plan is plausible but that Petroglyph needs to prove it works. Democratic U.S. Rep. John Salazar, who farms in the nearby San Luis Valley, has asked the U.S. Geological Survey to weigh in by evaluating the area's water quality and formations to determine if the gas drilling is to blame for the problems.

    Water coursing through porous rock and streams has allowed farming, ranching and new subdivisions to thrive in the semiarid area about 160 miles south of Denver.

    It also helps trap methane gas in the vast coal seams that once made the area a mining hot spot. The coal mines are gone, but the methane that made digging for it dangerous is a valuable resource. Companies like Petroglyph pump huge volumes of water out of the ground to relieve the pressure trapping the natural gas.

    Steve Gunderson, director of Colorado's water quality control division, said Petroglyph will have to build a water treatment plant before it gets a new permit to discharge water. The old permit allowed Petroglyph to release up to 8 million gallons of water daily.

    Fourth-generation dairy farmer Brett Corsentino blames the discharges into the Cucharas River for ruining his corn crops. He uses river water to irrigate his crops just a few miles east of the homeowners having problems with their wells. He says the high levels of sodium in the wastewater has diminished his soil's ability to absorb water and stunted the corn's growth.

    "They say, `Well, there's no proof,'" Corsentino said. "Well, we'd been getting along for generations just fine until they started pumping 8 million gallons out of this country."

    Corsentino also says his herd suffered abnormally high birth and death rates and now numbers 400, down from 650. He believes the cows consumed too much sodium from the water and corn grown from it. His corn used to produce 6,000 tons of silage; this year's crop yielded 1,500 tons.

    However, Corsentino says his herd is healthier and milk production has increased since drilling stopped.

    "There's an obvious direct, substantial impact to Brett Corsentino's dairy," the state's Gunderson said of the drilling.

    Petroglyph paid for soil tests on Corsentino's farm. They showed high levels of sodium but that it also needed more calcium, Powell said. Petroglyph and Corsentino are discussing possible treatments.

    "We still don't believe we have liability for the situation," Powell said. "But we were willing to help him fix his land and get back to productivity."

    Ten miles west of Walsenburg, a rushing sound emanates from a pipe that vents methane from Ben and Melanie Bounds' water well. The pipe was installed after a June 2007 explosion blew off a shed roof covering the well.

    The Bounds had moved from Dallas to build what they call their dream home atop a hill with a breathtaking view of the Spanish Peaks. They say their problems started when Petroglyph began drilling nearby. They're suing the company and haul water from town to their cistern.

    "If I could run the clock back, we'd have never tried this," Ben Bounds said.

    "I had more methane coming out of my water well than they had out of any of their gas wells. It sounded like a locomotive going down the road," said Kent Smith, who also has a methane detector in his house. "The damage and the problems they've caused have got to be addressed, and they keep getting pushed aside and forgotten about."

    Petroglyph insists it's a good neighbor. Despite the methane mystery, it's trucking water to 14 area homes and has supplied 15 homes with methane alarm systems.

    Petroglyph Energy Inc., tinyurl.com/ybfpcco
    Nov 1 10:34 PM | 2 Likes Like |Link to Comment
  • Richard Gray on the Two Real Drivers Behind Gold Price [View article]
    Good interview, thanks for publishing. Now on to read more about First Majestic!
    Nov 1 07:18 PM | 3 Likes Like |Link to Comment
  • If Goldman Is Selling, Are You Buying? [View article]
    GS finds the loopholes and a way to profit. You can thank our legislators, regulators and enforcers for creating a system with these results. It is a far cry from private property and capitalism. To associate this mess with capitalism is the perversion.


    On Nov 01 05:12 PM Ricard wrote:

    > When I first read the title to this article, I felt a tinge of panic
    > run through my spine (I am still long).
    >
    > After reading the article, I recalled Blankfein stating how Goldman's
    > line of business did not necessarily have to produce a social good.
    >
    >
    > It seems that indeed the opposite is true...they keep everything
    > that is good and discard the ills onto society. I suppose this is
    > a perverse outcome of private property and our capitalistic system.
    Nov 1 07:11 PM | 3 Likes Like |Link to Comment
  • Testing [View instapost]
    that's gold carts to you!


    On Oct 30 06:03 PM yellowhoard wrote:

    > Swash,
    >
    > Yeah, I think someone burned me sometime on Sunday.
    >
    > I was very depressed so I bought a couple golf carts to cheer myself
    > up.
    Nov 1 10:00 AM | 3 Likes Like |Link to Comment
  • Swine Flu News Concentrator (October 2009 - Part 3) [View instapost]
    more vaccine to come:
    health.yahoo.com/news/...
    Nov 1 09:50 AM | 2 Likes Like |Link to Comment
  • Testing [View instapost]
    This is not h1n1, it is african swine flu, not transmitted to humans, but now there is an international push to get a vaccine to save swine herds:
    www.meatpoultry.com/ne...
    Nov 1 08:23 AM | 3 Likes Like |Link to Comment
COMMENTS STATS
5,045 Comments
21,061 Likes