North Dakota Oil Production Growth Is Slowing - Is This Temporary Or Will It Continue? [View article]
Although I enjoyed the article, I could not agree with the analysis done on the 6 month comparisons. You just cannot compare July vs Jan production and draw any type of logical conclusion. It would be expected that the winter months would be lower and the summer months much higher. You would have to do a year over year comparison and when you do that, you will see that the percentage is going down (due to a much larger denominator) but that the difference in volume of growth is still growing or staying about the same. This winter was tougher than last winter so even that comparison could not really be relied upon.
Paul Krugman: "The austerity agenda looks a lot like a simple expression of upper-class preferences, wrapped in a facade of academic rigor. What the top 1% wants becomes what economic science says we must do." Ken Langone responds: Runaway deficits are the older generation "stealing" from the young, and Paul Krugman has never met a payroll and doesn't have to worry about profit margins. [View news story]
Nicely said. Krugman has equated austerity to something that is bad while slamming anyone that is fiscally responsible. When you spend 1T more than the previous guy, you need to shut it down right away. Unfortunately, since BO came into office, I am afraid that doing what is best for the country is exactly opposite to his way of thinking. Interesting that most local governments have figured it out as have business and most individuals.
North Dakota Resumes Record-Setting Oil Output In February, Quietly Becomes 'Economic Hot Spot' [View article]
Well said and wouldn't it be nice if the governments at both the national and local levels in other parts of the country would show the same level of support that the state of North Dakota does. Maybe, they could wind up with similar results.
FDA Designation May Accelerate Palbociclib Timeline But Not Increase Approval Probability [View article]
Sounds like sour grapes to me. Don't think we will be seeing too much of $24 unless there is a 15-20% correction in the market as a whole. IF we get there, I will be buying.
Cheap energy from the U.S. shale gas boom is often touted as a "game changer" for manufacturing, but despite the cost benefits, the game hasn't changed dramatically. International Paper's (IP) strategy illustrates the thinking of many global firms: "Our investments are really driven by demand, not costs." Trade figures also don't yet show an overall improvement in U.S. competitiveness. [View news story]
The chemical, oil companies seem to think it is a game changer as they are constantly announcing new plants that they are going to build. It will eventually filter down to other companies as well. In fact there are not too many companies that are not benefiting from the reduction in nat gas prices in both their heating and electrical costs..
You don't have a clue. I could cite hundreds of examples but go read one of Michaell Fitzsimmons articles as just one example of what nat gas can do for the US. This President has done absolutely nothing to promote drilling on federal lands, in the gulf or even help us to convert the country over to nat gas transportation. I noticed you ignored any reference to the many billions spent on absolutely worthless solar power and battery projects. Let's see at last count, 5 companies that we invested in (paid off cronies) have gone belly up. Stop getting your news from MSNBC or one of the major networks. Study after study from even our government and many others all recognize that non-renewables or going to be nothing but a bit player in the next 30 years.
Finally, BO does not have a comprehensive energy policy at all, period.
My reference is to the fact that billions were spent by BO on renewables and we have nothing to show for it. If even 30% of that money had been spent on building out nat gas infrastructure, we would be well on our way to using natural gas as an important part of our transportation needs.. The EU and China have laid out road maps to get there, why haven't we? Other countries already use nat gas routinely for transportation and yet we continue to "invest" in renewables. If the admin was really interested in seeing this happen, they would have helped it along by now.
There is another alternative to oil besides renewable which will not increase for years. It is called natural gas and if were to convert our transportation needs over to it, wew ould all be better off. More jobs, cleaner air, reduced trade deficit and cheaper price...hard to beat but not what BO wants.
New Flyer Industries: Big CNG Bus Contracts And A 19.99% Interest By Marcopolo [View article]
On an equivalent unit basis, in 2010 they built 2,023, 2011 it was 1,800+. However, 36 a week will get you 1,836 over 51 weeks. If they have any unexpected downtime, they will have a hard time exceeding 1,800 which is why I asked. The 36/week comes from the two links you provided which is up to date information(2/8). There may be something I am not seeing but outside of that, this company looks ready to significantly increase their sales and earnings. They certainly seem to be in the exact right industry and I am glad more and more government agencies/transportation authorities are seeing the light on CNG.
New Flyer Industries: Big CNG Bus Contracts And A 19.99% Interest By Marcopolo [View article]
Michael, Another good article. On the surface this looks to be a growing company that is sitting in the sweetspot on building nat gas buses. They have an increasing backlog in a growing industry. However, when I looked at their estimated build schedule, it looks as if they are limited in what they can manufacture a quarter. In fact, it looks as if they can only build about 460-470 a quarter which is similar or less than they what they built in previous years. Outside of price increases, where is the growth coming to come from?
Energy Secretary Chu's Overdue Departure Could Be Bullish For Natural Gas Transportation [View article]
Mike, I agree totally on points 2 &3. I too have been telling anyone who will listen and (even those who wont) that natural gas is the way to go. In the industry I am involved in, it it important that my company recognizes but I have not got many believers yet. I also think refineries will do well for another few years (especially in the center part of the country) so we are in agreement there as well. Finally, I do not want to export nat gas at the expense of jobs or a lower cost structure in our country which is why I think they should be promoting the use of nat gas here.
However on point 1, I just believe the future in nat gas is now and do not understand why XOM is not behind it. Even if they lost money by promoting nat gas now (in comparison to oil) while the country builds out infrastructure to support nat gas transportation, they would be setting the stage for a huge windfall down the road where nat gas would be the cheapest resource and (best in many respects) fuel for transportation. Personally, I think they are being short sighted and not looking at the bigger picture down the road. So it makes me think what do they know that I do not. Anyway, thanks for the article and comments. They are always well done.
Energy Secretary Chu's Overdue Departure Could Be Bullish For Natural Gas Transportation [View article]
Mike, appreciate your comments. I remember reading your article about XOM and I have been a shareholder for years. I also recognize that they know their financials a whole lot better than I do but your comments raise a couple of interesting questions...
1) Why buy XTO which made XOM the #1 nat gas producer if you are not going to support it? Nat gas financials have held back XOM's share price since they bought the company.
2) With the price of nat gas so high overseas, there seems to be a superb opportunity to make boatloads of money shipping it assuming you can get thru the regulatory issues and get permitted to ship LNG overseas. RDS seems to be making that bet and doubling down world-wide.
3) And although refinery profits are big now and most probably will continue to be in certain parts of the country in the near future, they won't always be good. It would seem that nat gas is their ace in the hole and they are not using it.
Energy Secretary Chu's Overdue Departure Could Be Bullish For Natural Gas Transportation [View article]
You are right, nothing but positives yet we continue to be so dumb. Usually when these things go on and they don't make much sense, money is heavily involved and the amounts must be huge to keep to keep the status quo...
Energy Secretary Chu's Overdue Departure Could Be Bullish For Natural Gas Transportation [View article]
I couldn't agree with you more Mike. One thing I cannot understand, who are the people that want the status quo to remain the same? I know many people blame "Big Oil" but big oil stands to gain in many ways if we switch over to natural gas. If it is some middle eastern country, why do we feel that we have to support the Middle East countries by buying their oil?
North Dakota Oil Production Growth Is Slowing - Is This Temporary Or Will It Continue? [View article]
North Dakota Oil Production Growth Is Slowing - Is This Temporary Or Will It Continue? [View article]
Paul Krugman: "The austerity agenda looks a lot like a simple expression of upper-class preferences, wrapped in a facade of academic rigor. What the top 1% wants becomes what economic science says we must do." Ken Langone responds: Runaway deficits are the older generation "stealing" from the young, and Paul Krugman has never met a payroll and doesn't have to worry about profit margins. [View news story]
North Dakota Resumes Record-Setting Oil Output In February, Quietly Becomes 'Economic Hot Spot' [View article]
FDA Designation May Accelerate Palbociclib Timeline But Not Increase Approval Probability [View article]
Cheap energy from the U.S. shale gas boom is often touted as a "game changer" for manufacturing, but despite the cost benefits, the game hasn't changed dramatically. International Paper's (IP) strategy illustrates the thinking of many global firms: "Our investments are really driven by demand, not costs." Trade figures also don't yet show an overall improvement in U.S. competitiveness. [View news story]
Oil Refiners - The Sweet Spot [View article]
You don't have a clue. I could cite hundreds of examples but go read one of Michaell Fitzsimmons articles as just one example of what nat gas can do for the US. This President has done absolutely nothing to promote drilling on federal lands, in the gulf or even help us to convert the country over to nat gas transportation. I noticed you ignored any reference to the many billions spent on absolutely worthless solar power and battery projects. Let's see at last count, 5 companies that we invested in (paid off cronies) have gone belly up. Stop getting your news from MSNBC or one of the major networks. Study after study from even our government and many others all recognize that non-renewables or going to be nothing but a bit player in the next 30 years.
Finally, BO does not have a comprehensive energy policy at all, period.
Oil Refiners - The Sweet Spot [View article]
Oil Refiners - The Sweet Spot [View article]
New Flyer Industries: Big CNG Bus Contracts And A 19.99% Interest By Marcopolo [View article]
New Flyer Industries: Big CNG Bus Contracts And A 19.99% Interest By Marcopolo [View article]
Energy Secretary Chu's Overdue Departure Could Be Bullish For Natural Gas Transportation [View article]
However on point 1, I just believe the future in nat gas is now and do not understand why XOM is not behind it. Even if they lost money by promoting nat gas now (in comparison to oil) while the country builds out infrastructure to support nat gas transportation, they would be setting the stage for a huge windfall down the road where nat gas would be the cheapest resource and (best in many respects) fuel for transportation. Personally, I think they are being short sighted and not looking at the bigger picture down the road. So it makes me think what do they know that I do not. Anyway, thanks for the article and comments. They are always well done.
Energy Secretary Chu's Overdue Departure Could Be Bullish For Natural Gas Transportation [View article]
1) Why buy XTO which made XOM the #1 nat gas producer if you are not going to support it? Nat gas financials have held back XOM's share price since they bought the company.
2) With the price of nat gas so high overseas, there seems to be a superb opportunity to make boatloads of money shipping it assuming you can get thru the regulatory issues and get permitted to ship LNG overseas. RDS seems to be making that bet and doubling down world-wide.
3) And although refinery profits are big now and most probably will continue to be in certain parts of the country in the near future, they won't always be good. It would seem that nat gas is their ace in the hole and they are not using it.
Energy Secretary Chu's Overdue Departure Could Be Bullish For Natural Gas Transportation [View article]
Energy Secretary Chu's Overdue Departure Could Be Bullish For Natural Gas Transportation [View article]