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PaulretiredinAR

PaulretiredinAR
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  • Natural Gas: What A Difference A Year Makes - Analysis, Outlook, Statistics, Catalysts [View article]
    MOMZ,
    I like your Economics 101. You would probably love my favorite economics classic: "A Treatise on Political Economy" by Jean-Baptiste Say ~1800.
    Apr 5 10:15 AM | Likes Like |Link to Comment
  • The True Cost To Mine Silver - Complete 2012 Figures [View article]
    Of interest to many silver investors is the question of "Can I buy silver bullion or a bullion backed ETF, like SLV in my IRA?" According to IRS publication 550 for 2012, p.70 chap. 4, it would be a "collectable" if held for more than a year, and could trigger a taxable distribution. I am not an expert on this.

    Here is an excerpt from the IRS cited above:

    "Collectibles gain or loss: This is gain or loss
    from the sale or trade of a work of art, rug,
    antique, metal (such as gold, silver, and plati-
    num bullion), gem, stamp, coin, or alcoholic
    beverage held more than 1 year."
    Mar 29 11:58 AM | Likes Like |Link to Comment
  • U.S. LNG Exports: Increasingly A Reality [View article]
    Richard,
    Thanks for your excellent article. As you pointed out, activity by major international oil companies validates the economic viability of LNG shipments from N. America to world markets, because all of the same majors have big LNG investments around the world and understand the world market.
    Feb 20 04:19 PM | 3 Likes Like |Link to Comment
  • Marcellus Shale: What Do Gas Producers Say About The Play's Economics? [View article]
    > "The $3.50-4.00/MMcf Nymex price that appears to be the threshold for economically sensible drilling for the majority of Marcellus's dry gas areas today may evolve into $3.00/MMcf already in one or two years from now."

    I assume you mean Mcf rather than MMcf.
    Jan 31 12:22 PM | Likes Like |Link to Comment
  • A Long-Term Look At Inflation [View article]
    Good article. I have always been skeptical of the BLS use of "equivalent rent" for a big part of the CPI. I wish someone would publish a CPI adjusted by removing the "equivalent rent" component, and in its place use an index of new apartments rent per square foot.
    Jan 17 08:28 AM | Likes Like |Link to Comment
  • S&P 500 Market Valuation And Historic Returns [View article]
    Past is not a great indicator for the future. The USA is gradually changing to a third-world country and it cannot be reversed.
    Jan 8 10:50 AM | 3 Likes Like |Link to Comment
  • The 'Real' Goods On The Latest Durable Goods Data [View article]
    >>>"What percent of the nominal GDP dollar amount is contributed by Durable Goods? As of the most recent GDP report, it's a mere 1.36 percent."

    I would have thought the percent to be much higher -- maybe 13.6 %.
    Dec 25 11:01 AM | Likes Like |Link to Comment
  • 2 Measures Of Inflation: New Update [View article]
    Good article. The cumulative change of the two measures is good to reference in case the Government ever issues inflation protected Treasury bonds tied to PCE rather than CPI.
    Dec 4 10:31 AM | Likes Like |Link to Comment
  • Chesapeake Reports Major Q3 Losses [View article]
    A buying opportunity in my non-humble opinion.
    Nov 3 01:03 PM | 1 Like Like |Link to Comment
  • Another Data Point In Determining What Canadian Oil Sands Is Worth [View article]
    On the subject of cash flow for any company, one needs to understand that the depreciation component is a business expense that reflects capital consumed in the process of production.
    Nov 3 11:32 AM | Likes Like |Link to Comment
  • Hurricanes Do Not Have A Silver Lining [View article]
    Good article. Most people, including economists, confuse production, wealth, and money. The best writings on these subjects can be found in the classic treatise "A Treatise on Political Economy" written ~1800 by Jean-Baptiste Say -- pure logic!
    Oct 31 10:41 AM | 3 Likes Like |Link to Comment
  • An 'Off The Radar' Way To Play The Coming West Coast LNG Boom [View article]
    In the USA, there will be political pressure to restrict exports of LNG, but in Canada exports will be encouraged because of the ability to produce much more nat-gas than the country needs. The USA now gets about 10% of its nat-gas supply from Canada, but demand from Asia for LNG will probably reduce Canadian exports to the USA to near zero after 2020.
    Oct 28 11:45 AM | 1 Like Like |Link to Comment
  • The Petronas/Progress Deal Was Blocked, But The Montney Shale Consolidation Continues [View article]
    A proposed LNG exporter, like the one at Kitimat in BC in which Encana plans to have a 30% ownership, will not begin construction until they have contracts from long term buyers AND contracts with long term suppliers. At Kitimat, suppliers will be in proportion to their ownership of the LNG facility. For Kitimat LNG, there are no signed contracts from buyers that I am aware of, but I expect there will be contract announcements within the next 12 months. The LNG price will probably be tied to a N. American futures market price at the time of shipment. If the first shipment is in 2017, front month futures will probably be around $6/mmbtu and the price earned by Encana may be $7. Of course shipments from several LNG facilities on the west coast of BC are years away, but firm contracts will quickly boost the stock price of a supplier like Encana.
    Oct 26 04:43 PM | Likes Like |Link to Comment
  • The Petronas/Progress Deal Was Blocked, But The Montney Shale Consolidation Continues [View article]
    You said: "And the only real way to gather the size of reserves the LNG players need is by making acquisitions."

    There is another way: Long term contracts with major producers, like EnCana. I figure long term contracts will yield a net-back to producers of ~$7/mmbtu in today's US $.
    Oct 24 12:15 PM | Likes Like |Link to Comment
  • Median Household Incomes: The Grim Reality [View article]
    Good article. I do not believe government data estimating median household income of ~ $50,000/year. I would guess that in the southern USA only 10% of households have over $50,000/year income, and the remainder of the country only 20% of households have income over $50,000/year. It has been widely reported that about half of adults pay no federal income tax!!
    Oct 5 10:30 AM | Likes Like |Link to Comment
COMMENTS STATS
72 Comments
61 Likes