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jarco

jarco
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  • AT&T to record $10B in charges for Q4 [View news story]
    This "write off" needs some clarification. T previously floated billions in relatively high interest rate Preferred Stock to bring the pension program in compliance with funding level requirements. The "income" was to be directed into the underfunded programs balance sheet.

    Not sure how this announcement relates to that move and/or other issues. Has anyone seen the details, have a handle on this transaction?
    Jan 18, 2015. 08:04 AM | Likes Like |Link to Comment
  • Plains All American - An Undervalued MLP Opportunity [View article]
    Thanks for the reply. Two points if I may. First, there were two recent oil leaks in Canada raising the proverbial question of environmental safety at a pivotal time in this industry. Beyond that, Keystone will essentially blend Tar Sands and U.S. multi-sourced crude by the time any of it hits the Gulf Coast thus defacto violating the current 1974 ban on oil exports. Lifting the ban will most assuredly cause domestic gasoline back to $3 a gallon. Our good U.S. citizens rarely hit the streets protesting anything. Keystone approval on this non-environmental basis alone will surely set a new precedence in this regard. The streets will be clogged.
    Jan 16, 2015. 08:44 AM | 1 Like Like |Link to Comment
  • A Closer Look At Plains All American Pipeline's Q3'14 Distributable Cash Flow [View article]
    grantr01 - Your comment <The IEA has stated that the proven reserves from fracking equal about one and a half years of supply for the US. My concern is what happens when those reserves are exhausted.> just caught my attention.

    The IEA data appears correct but one must remember its based upon the life of the reserve IF it's the sole supply. In other words, turn off ALL other sources and drain the fracted oil entirely. This, of course, would never happen. So, assuming, for example, the new oil represents 10% of the total reserve, it would last 16 yrs. If 20%, it would be exhausted in 8 yrs.

    The same measure has been misinterpreted numerous time in the past especially when noting, for example, the reserve possibilities in Alaska's ANWAR.
    Jan 12, 2015. 12:01 PM | Likes Like |Link to Comment
  • Plains All American - An Undervalued MLP Opportunity [View article]
    Ernie Mac writes: <Does anyone know how much of PAA's revenues is related to the flow of Alberta oil into the US? >

    Great question. It would also be interesting to obtain an assessment on the impact of Keystone approval, or not, upon PAA.
    Jan 10, 2015. 08:26 AM | 1 Like Like |Link to Comment
  • ConocoPhillips Valuation For Different Oil Prices [View article]
    But how about Albert Alfonso's comment relative to COP's significant Natural Gas component?
    Jan 8, 2015. 03:51 PM | Likes Like |Link to Comment
  • WSJ: Dividends threatened at global oil majors [View news story]
    Get real guys (oops, sorry gals). Crude was $50 just 5-6 yrs ago and everything was just peachy. The only companies to fret about are the die hard BP holders, several small caps, drillers, and eng. cos doing related infrastructure.

    Beyond that, as a COP holder, I worry the big and expensive Tar Sands project about to be turned on will look like quite an anchor.
    Jan 8, 2015. 03:43 PM | 1 Like Like |Link to Comment
  • U.S., Russia, Saudi Arabia: Who Is Going To Win In The Oil Price Stand-Off? [View article]
    Orangemike - As an anti-science Republican, what's your take on the Keystone Pipeline project?
    Jan 7, 2015. 01:47 PM | 3 Likes Like |Link to Comment
  • The Crash In Oil Prices Raises Questions And Opportunities For A Lifetime [View article]
    The explanation is simple, they're selling more of their own oil and handling less, if any, imports from elsewhere. It's a volume thing. Less margin but huge increases in volume at otherwise fixed overhead.
    Jan 7, 2015. 01:42 PM | Likes Like |Link to Comment
  • Church Of Starbucks: Belief Required [View article]
    SBUX aside, your airport is in the top ten list of the most challenging to land at, especially with a fog cover.
    Jan 7, 2015. 01:04 PM | Likes Like |Link to Comment
  • Church Of Starbucks: Belief Required [View article]
    Thanks for your comment. Couldn't have said it better myself; very astute and well written.

    Where approximately are you located? Aside from a stock position, are you a "regular" at SBUX? If so, are you interested in sharing your cafe visit experiences. I'm attempting to expand a small circle of investors whose periodic input within the U.S. can be shared among the group.
    Jan 7, 2015. 01:00 PM | Likes Like |Link to Comment
  • BPZ Resources: Positive Operational Update - Time To Buy? [View article]
    derralh - Glad to see a recent comment on BPZ. My cost basis is 1.12 but only after doubling up at 0.38 and adding another 25% at 0.18. It's a mixed bag this dollar cost averaging especially when there's so little color compared to my other adventures. This is in my Jim Cramer type "mad money" account so prepared for the risks involved.

    That aside, the falling oil prices are a challenge to the best of the bigger operators and may send this one to the bottom. They made a huge mistake buying the GE turbines which was recently written off mandated by the accounting standards.

    Cash is king. Not sure if Rubiuales, the off shore only partner, is willing or able to infuse more money without a horrendous BPZ dilution. One option, of course, is a 50% sale of the onshore acreage. This would be my preference as it keeps the partner "in the game".

    Good luck!
    Jan 5, 2015. 12:48 PM | Likes Like |Link to Comment
  • Bob Evans: It's Not All Farm Fresh Goodness [View article]
    A recent and welcomed interior re-do in the cafe in our locale was nice to see but the menu continues to favor the older generation. Sausage and gravy is blatantly unhealthy and sends a wrong message. While breakfast lovers can escape the temptation, aside from select salads which weren't too fresh and wholesome, this chain's offerings needs a start over.
    Jan 5, 2015. 12:27 PM | 1 Like Like |Link to Comment
  • My 4% Dividend Yield Portfolio: Expanding Diversification [View article]
    I disagree with the absolute need for diversification especially when the portfolio is an income orientation which must return a certain income stream. Risk is manageable, in my view, for those with sufficient confidence in their ability to pick stocks in the first place being able to read the market trends and move assets when necessary. You and I did the same thing rotating from CVX to COP.
    Dec 30, 2014. 07:23 PM | 1 Like Like |Link to Comment
  • COP: A Great Stock For Income Oriented Investors [View article]
    poipu1946 - But what happens to the 24% of COP in Canadian Tar Sands? Lots of upramp investment $ about to be turned on in the face of yet another problem in addition to environmental concerns . . . falling crude prices
    Dec 30, 2014. 07:56 AM | 1 Like Like |Link to Comment
  • DirecTV hiking prices ahead of AT&T deal's closing [View news story]
    Compared to the service one has come to expect from AT&T, Direct is almost 180 degrees out of phase in terms of timelessness to restore complete outages, in my experience. Should become quite a cultural shock to T folks as they initiate integration. My prime retention rationale is the sports package. My only option is a local CATV which private, reasonably well run and well below Cox, et al
    Dec 30, 2014. 07:45 AM | Likes Like |Link to Comment
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