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mac1943

mac1943
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  • Clean Energy Fuels Remains A Buy Despite Stock Price Stagnation [View article]
    @ Sneha. You touched on this in your article, but not enough.
    Natural gas is supplied to the transportation industry in two formats, LNG and CNG.
    CLNE is committed to the development of the LNG side, which involves significant investment, and offers better margins on sales of LNG. They are also selling CNG, presumably to boost their volumes, but this is a low margin, competitive business.
    As far as trucks are concerned, the growth appears to have been largely on the CNG side. Truck engines and fuel systems are configured differently for CNG and LNG. Converting from one to the other in the aftermarket is not a viable option.
    It would be interesting to see the breakdown of LNG and CNG volumes, with their respective profit margins, and the historical and projected growth rates for each. An breakdown of how much has been invested for each type of fuel would also be interesting.
    I suspect this might show why I am cautious about CLNE stock.
    May 19, 2015. 11:52 AM | Likes Like |Link to Comment
  • Enerplus's Cautious Moves In Difficult Times Position It For Long-Term Gains [View article]
    Your diatribe against Enerplus is unwarranted. They are not involved in the oil .sands. While they do have properties in Alberta, two of their four core production areas are the Bakken and the Marcellus. The last I heard, North Dakota and Pennsylvania were still in the U.S. Nowhere in the SA article does it suggest that Enerplus is planning to leave Alberta. And while I don't like the new provincial government, I 'll wait and see what happens. I would suggest that oil and gas prices are a more direct threat.
    May 14, 2015. 12:02 PM | 1 Like Like |Link to Comment
  • A Few Thoughts On Pengrowth Energy [View article]
    What is the projected Capital $$ required for Lindbergh Phase 2 ? and the corresponding production ? i realise it's on hold pending a better price environment. (and presumably that Phase 1 is performing according to plan)
    mac
    May 12, 2015. 11:44 AM | 1 Like Like |Link to Comment
  • How Caterpillar Can Quickly Improve Its Financial Situation [View article]
    @Daniel; while selling the Resources segment may make financial sense to you, perhaps for the short term, this is the "Flagship" division. It is also cross linked to the construction industry which management said did very well last year. Presumably the Bucyrus acquisition product lines largely fall into this division, and I imagine they are still being integrated into the Cat organisation, with some synergistic savings still to come. Cat is also inextricably linked to their numerous dealers around the world that service the equipment, a big dollar revenue item to them.
    I would take issue with your comment under "Takeaway" ~~"By simply selling~~" SIMPLY ???????
    Mar 28, 2015. 08:24 PM | Likes Like |Link to Comment
  • Noble Corporation Could See 50%+ Upside Over The Next 12-18 Months [View article]
    @Ryan,
    Re paragraph Future Price of Oil you state "~~offshore drillers need the price of oil to be~~~ to be competitive"
    Drillers need contracts to be viable. I don't believe there is a magic number oil price that will suddenly make NE, plus RIG, SDRL, DO etc profitable again. E & P companies, including majors and NOCs, have to commit to capex in the offshore sector, to ensure the ongoing financial health of the drillers. Shale oil and gas is a competitive alternative especially in the North American geographical arena, and this could well delay the E & P companies from committing to new offshore capex.
    Mar 27, 2015. 08:16 PM | Likes Like |Link to Comment
  • Why Clean Energy Fuels Can Continue Beating The Market Despite Certain Challenges [View article]
    @Harsh
    Natural Gas for transportation is used in two formats; ;Liquefied Natural Gas (LNG) and Compressed Natural Gas (CNG).
    My understanding is that CLNE has invested in both the LNG and CNG sectors, however LNG involves substantially greater investment, and provides better margins on sales. CNG stations require little more than a supply of Natural Gas,and some, not a lot, electrical power, and hence there is no "moat" and a fair amount of competition, thus margins on CNG sales are much less lucrative, especially if the CNG is supplied from expensive LNG. However the vehicle fleet sales you refer to in your article are all CNG vehicles.
    Can you provide a breakdown of the split between LNG and CNG regarding CLNE's investment, their sales, and margins ?
    Mar 27, 2015. 05:24 PM | 1 Like Like |Link to Comment
  • Seadrill Should Make An Acquisition [View article]
    In my opinion, the biggest competitor to deep offshore oil is North American shale oil, and that's because the response time of the shale operators is much faster than the deep sea drillers. When the price of oil goes back up towards the $100 level, the shale boys will be back drilling; the deep sea operators will be somewhat more cautious. And that will inhibit demand for deepwater rigs for quite some time. Who will survive ? I don't know, but I do not think any of the offshore drillers will be looking to buy anything until there are some contracts out there at decent prices. I really think we are seeing a shift in the drilling industry.
    Mar 21, 2015. 01:26 PM | 1 Like Like |Link to Comment
  • EXCO Resources: Weighing The Pros Against The Cons [View article]
    How much did each of the 425 bpd wells cost to drill and complete ?
    What are their hedges ?
    When is their debt due ?
    Mar 19, 2015. 04:01 PM | 1 Like Like |Link to Comment
  • AutoZone: Our Favourite Large-Cap Stock [View article]
    I have a problem with a company that "squeezes their suppliers" with an average 4 month payables. To be fair, AAP seems to do the same thing. Is this standard prctice in this industry ? If the suppliers squeeze back, their financing model goes out the window.
    Mar 14, 2015. 03:17 PM | Likes Like |Link to Comment
  • Tesoro Corporation: A Downstream Monster [View article]
    Any comment on refinery complexity (Nelson index) which you give as 11.5.? And the supply / mix of crude supply ? I would think the surge in shale oil availability compared with heavy oil sources might be to their advantage with some of their refineries. Grade and price surely must have a material effect on the crack spread.
    Mar 3, 2015. 11:31 AM | Likes Like |Link to Comment
  • Pengrowth Energy: 6 Takeaways From The Recent Quarter [View article]
    I apologise for being picky, but the use of the word " Takeaways" in the title is misleading in that it implies negatives, at least to me. Instead I find pleasant confirmation of my understanding of the PGF situation. Long PGF and underwater but optimistic.
    Mar 3, 2015. 11:13 AM | Likes Like |Link to Comment
  • Comparing North America's Next 3 Independent Oil & Gas Companies [View article]
    The author apparently doesn't recognise the difference between an oil rig and an oil well. Focusing on the Baker Hughes Rig Count, yes very important, says nothing about the number of wells being operated or for that matter shut down (very few) but says much about future supply.
    I didn't read past that point.
    Feb 22, 2015. 10:53 AM | 2 Likes Like |Link to Comment
  • Enbridge Q4 results boosted by new pipelines to key U.S. markets [View news story]
    @young
    try looking at the 20 or 25 year chart
    Feb 21, 2015. 01:10 AM | Likes Like |Link to Comment
  • Zacks' Bull Of The Day: Cree [View article]
    Cree makes some good products, but it has failed to make much money for its investors. Their projections in the past have been overly optimistic on numerous occasions. Is it different now? I, for one, will wait on the sidelines.
    Feb 20, 2015. 06:57 PM | 2 Likes Like |Link to Comment
  • Seadrill: Is It Finally Time To Start Buying? [View article]
    @djh~~~ i am with you. I believe it will be some time before we see a significant expansion in the deep sea drilling market. The capex required is frequently so large and the hoped for returns so far in the future that the financial gurus are keeping the padlock on the cash box. The sector will come back, but will require higher oil prices, continuing well into the future.
    Feb 17, 2015. 12:16 PM | Likes Like |Link to Comment
COMMENTS STATS
62 Comments
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