fx maven's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/233824/comments http://seekingalpha.com/article/176733-revealing-halliburton-s-treuhand?source=feed#comment-793005 793005 PEMEX) reduced its forcast spend some weeks ago. So maybe there is an explanation after all, if people would bother to do a little research ?]]> Sun, 06 Dec 2009 15:42:59 -0500 PEMEX) reduced its forcast spend some weeks ago. So maybe there is an explanation after all, if people would bother to do a little research ?]]> http://seekingalpha.com/news/market_currents/post/20812?source=feed#comment-444881 444881 Mon, 30 Mar 2009 07:19:11 -0400 http://seekingalpha.com/article/107248-defensive-stock-opportunities-excluding-healthcare?source=feed#comment-311515 311515 Fri, 21 Nov 2008 07:52:38 -0500 http://seekingalpha.com/article/106644-market-stress-leads-to-more-smoking-switch-to-cheaper-brands?source=feed#comment-309182 309182 Tue, 18 Nov 2008 14:59:19 -0500 http://seekingalpha.com/article/96422-forget-about-a-v-shaped-recovery-maybe-a-w-or-l-and-what-about?source=feed#comment-260070 260070 Sat, 20 Sep 2008 13:01:25 -0400 http://seekingalpha.com/article/95623-russian-oil-is-worth-the-risk?source=feed#comment-257169 257169 Wed, 17 Sep 2008 13:38:58 -0400 http://seekingalpha.com/article/95623-russian-oil-is-worth-the-risk?source=feed#comment-256891 256891
Russian petroleum production overall is declining. The easy oil in Western Siberia is already extracted and the money is in Putin's hidden accounts. The Sakhalin energy and Exxon projects on Sakhalin are the worst managed projects I have seen in my 25 years in Finance. There is oil as well in offshore Kamchatka but it would be a logistical and financial nightmare to try to manage these projects - that's why almost no body is there despite the recent $145 oil price. There is alot of Natural Gas, but the Sakhalin Gas has yet to reach market, and it will continue to be delayed as it always has for the last 5 years. And then compare that to sticking a pipe in the ground in the Middle East and selling the oil and gas at a gigantic profit. The Iraqis are piggybacking on American wartime expenditure and hoarding their easy-to-extract-oil. As they have almost no marginal costs they are the new 800 pound gorilla in the oil and gas business, Sakhalin and offshore Kamchatka are completely uncompetitive by comparison. To say nothing of the onerous Russian oil taxes (that even Gazprom and Rosneft complain about). Please, go to Kazakhstan and the Russian Far East and take your lumps in the oil business before you lead people to a certain mauling in the angry bear's claws.....]]> Wed, 17 Sep 2008 09:58:13 -0400
Russian petroleum production overall is declining. The easy oil in Western Siberia is already extracted and the money is in Putin's hidden accounts. The Sakhalin energy and Exxon projects on Sakhalin are the worst managed projects I have seen in my 25 years in Finance. There is oil as well in offshore Kamchatka but it would be a logistical and financial nightmare to try to manage these projects - that's why almost no body is there despite the recent $145 oil price. There is alot of Natural Gas, but the Sakhalin Gas has yet to reach market, and it will continue to be delayed as it always has for the last 5 years. And then compare that to sticking a pipe in the ground in the Middle East and selling the oil and gas at a gigantic profit. The Iraqis are piggybacking on American wartime expenditure and hoarding their easy-to-extract-oil. As they have almost no marginal costs they are the new 800 pound gorilla in the oil and gas business, Sakhalin and offshore Kamchatka are completely uncompetitive by comparison. To say nothing of the onerous Russian oil taxes (that even Gazprom and Rosneft complain about). Please, go to Kazakhstan and the Russian Far East and take your lumps in the oil business before you lead people to a certain mauling in the angry bear's claws.....]]> http://seekingalpha.com/article/86448-dividend-paying-stocks-don-t-discount-them-just-yet?source=feed#comment-217156 217156 Tue, 29 Jul 2008 07:06:17 -0400 http://seekingalpha.com/article/87370-has-the-dollar-bottomed?source=feed#comment-216959 216959 Mon, 28 Jul 2008 20:03:57 -0400