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Stun57

Stun57
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  • Statoil (STO +1.4%) is scolded by Norway regulators for failing to report a leak of pollutive chemicals on the seafloor beneath its Njord field until more than two years after it was discovered. ~3,400 metric tons of chemicals and oily water leaked into the reservoir of the Norwegian Sea field during 1999-2006 from an injection well; STO was aware of the findings in 2011, but it didn't report them before last month. [View news story]
    It is reasonable to think that the leak had been detected in 2011. The accumulated volume only recently reached the reportable event threshold. Just as a reference, 2 tons of water per month would be approx. 600 gallons. 20 gallons per day. >1 gallon/hour
    Jul 8 05:41 PM | 1 Like Like |Link to Comment
  • BHP Billiton (BHP): H2 profit before items -35% to $7.16B vs. consensus of $6.96B. Abandons $20B Olympic Dam copper expansion and will look at a "less capital intensive option." Won't approve any new projects until at least mid-2013. It's the biggest sign of how China's slowdown has stalled the global mining boom. (PR[View news story]
    Develop the mine and drive copper towards 3. Shut it and copper trends towards 4.
    Aug 22 06:49 PM | Likes Like |Link to Comment
  • A panel of Norwegian oil and gas experts says the costs of offshore drilling are too high and calls for easing safety rules to save up to 1T kroner ($167.5B) and allow greater volumes of oil and gas to be produced. Without action, there's a "grave danger" that vast resources may remain in the ground forever. Norway's petroleum production fell 4% in 2010 and 5% in 2011. [View news story]
    This problem can only be solved one way. The Norwegian's allow the costs to be passed onto the consumer. Long STO
    Aug 16 08:03 PM | 1 Like Like |Link to Comment
  • NovaGold: Putting My Money Where My Mouth Is On This Gold Miner [View article]
    Are mercury levels in the evaluation report? Do you know of a comp currently up, running and dealing with mercury?
    Aug 7 08:36 PM | Likes Like |Link to Comment
  • NovaGold: Putting My Money Where My Mouth Is On This Gold Miner [View article]
    One reason behind the ABX press release....is anyone talking about the troubles at ABX. Now THAT is a burn rate.
    Aug 7 08:30 PM | Likes Like |Link to Comment
  • NovaGold: The Most Contrarian Gold Investment [View article]
    Zvi,
    Thought provoking article. Thank you. I think the dollar has a small chance of getting much stronger. I am right there with you
    Aug 6 10:12 PM | Likes Like |Link to Comment
  • Is NovaGold A Long-Term Buy At These Levels? [View article]
    ABX's new CEO is in the hotseat over Pascua-Lama's capex. He blew NG up for some cover.
    Jul 29 09:04 AM | Likes Like |Link to Comment
  • Is NovaGold A Long-Term Buy At These Levels? [View article]
    SLC,
    A few near term catalysts to get you started. With a bit of your own DD, you'll be able to add more. NG sells other assets. (Galore Creek) The permit procedure begins and goes well. NG finds someone to replace ABX. ABX gets their act together.
    Jul 29 08:50 AM | Likes Like |Link to Comment
  • Siemens (SI) expects the market for industrial software, which helps companies develop aircraft, robots and other complex products, to grow in the "high single digits" over the next few years, executive board member Siegfried Russwurm says. "We are counting our revenues in this segment in the billions (of euros) rather than millions," Russwurm says.  [View news story]
    These guys have pretty much been right on since 2007.
    Jul 10 10:01 PM | Likes Like |Link to Comment
  • The Norwegian oil workers' strike has shut down 240K bbl/day, or 15%, of the country's oil production, and 11.9 mmcf/day, or 7%, of its natural gas output, a significant cut which could push oil prices higher. The strike has affected Statoil (STO) the most; the Norwegian company shut down four new installations and says it is losing ~$25M/day.  [View news story]
    The only reason STO would lose 25M/day is if they know they will gain at least 30M/day once the strike is settled. Bullish.
    Jun 27 04:51 PM | Likes Like |Link to Comment
  • Siemens: 1 European Stock You Should Be Buying [View article]
    OSRAM. SBS. Both units have been sold over the last two years. SI withdrew from a nuclear project in Finland and I think they reduced their stake in Nokia Siemens Networks. Q4 of '07 they were already in the process of downsizing (sp). We all know what happened to GE in '08. Been long SI since '06. Synergy and focus, you sound just like Loescher! Also, GE has a finance unit. If the finance unit is able to "make things work" other units revenue look good. I believe the financing behind SI projects are more sound.
    Jun 15 10:28 PM | Likes Like |Link to Comment
  • Good Dividend, Great New Discoveries, Great Prospects Make Oversold Statoil A Great Buy [View article]
    We do have choices for power generation.. Diesel, fracked nat gas, strip mined coal or nuclear. The way I see it...pick your poisons and make some money as you go. STO has an outstanding safety record and a worldwide reputation for superior technical abilities. Been long STO for 3 years..
    Jun 15 10:02 PM | 3 Likes Like |Link to Comment
  • SandRidge: Best Positioned For Industry Challenges [View article]
    I'm with you. SD is well hedged for the next three years. (95-98bbl) Another point, their shallow wells lead to lower production costs. Falling oil prices should hurt other producers a lot sooner than SD.
    Jun 5 10:12 PM | 1 Like Like |Link to Comment
  • Halliburton: A Potentially Great Entry Point, Or The Chance To Earn 8% In 5 Months [View article]
    Good point. I'm new to this so I appreciate hearing a downside. So I understand this strategy, would this be the thing to do? Own the stock at 23, sell naked puts at a 15 strike three months out. Should it hit 15 you're in at near book value, one half enterprise value and with a near 3% dividend . Would buying further out 20 puts protect you also?
    Jun 2 10:12 PM | Likes Like |Link to Comment
  • Brazil's Consumer Boom Is About To Blow Up In Investors' Faces [View article]
    To protect its' own economy Brazil been trying to devalue its currency for a while. My thought is that the efforts have finally taken hold. They have recently stymied off shore drilling with a court case against Conoco and Exxon has pulled out of a JV with Petrobras. I suspect Santander has recently had to move some assets back to Spain also. As a result, Brazil should now have a bit more control over its local economy and the ability to cut consumer credit rates to maintain GDP. Sounds bullish to me. Am I nuts?
    Thanks for the article.
    May 22 09:28 PM | Likes Like |Link to Comment
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