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  • Commodities Today: After Calling Distribution Cuts For MLPs, What Now? [View article]
    The CEO of Core Labs said a few days ago that he also thinks crude will be $70 by years end. He used figures similar to ones Boone Pickens used. Year end? That's only 5 months away. But it will sure help me if it can get back there.
    Aug 1, 2015. 09:56 AM | Likes Like |Link to Comment
  • Commodities Today: After Calling Distribution Cuts For MLPs, What Now? [View article]
    I really dropped the ball! I have a rule to get out if a holding drops by 15%.
    I didn't for LNCO and VNR and am really in a tough spot with both of them. . BUT, and I have no way of believing this feeling is right, I really believe the bottom is near for oil and NG price declines. "TIGHT OIL" from the shale plays has a high depletion rate. Off-shore drilling has collapsed. Yes, land drilling has shown a few extra rigs working but certainly not enough to replace what is being lost through depletion. And it's been reported that the SAUDIS are prepared to cut back a little on production. OPEC has been pumping full-out. I was surprised that oil has dropped $10 in the last month, but still believe $60 - $70 by DEC. But obviously, I've been wrong recently.
    Jul 31, 2015. 01:20 PM | Likes Like |Link to Comment
  • Commodities Today: Continue To Avoid Precious Metals [View article]
    Two years ago I thought SLV hit a bottom around $25 and I started to nibble. Wrong move then - so where is the bottom now? Or is it close enough to start buying or wait until it moves up $2 - $3 dollars??? I've done well with silver over the last 60 years but the last 3 years have really spooked me. I really don't understand but I don't buy into the manipulation theory either.
    Jul 17, 2015. 03:59 PM | Likes Like |Link to Comment
  • Linn Energy Death Watch Count Down [View article]
    CROOKINESS IS IN THE EYE OF THE BEHOLDER. Just look back in history. The Egyptians killed their brothers to claim the title. Greece with Alexander did the same by maybe killing his father. Romans killed their mothers and sisters to retain the thrown. Now today, the guy gets to work and takes home a company pen. What a crook - wouldn't you say? I just get sick of all the finger pointing at business and people that are trying to help others out by posting their opinions. Next time you call in sick and stay home for a "mental health day" wouldn't that be considered a form of being crooked? Just wondering and "venting" at all the bad-mouthing going on sometimes on these boards. The guy is putting up his "Best Faith Opinion?
    Jul 14, 2015. 11:49 AM | Likes Like |Link to Comment
  • Linn Energy Death Watch Count Down [View article]
    >>> Until then, any comments about Linn's future will be speculation. <<<
    Remember, Hedgeye bad-mouthing along with Barrons because of a SEC investigation which, frankly was bogus, but which drove the price down. This is not to say management did not have some responsibility because of Berry - why anyone would want to risk so much with a business in California is beyond me. A major energy company last week said they were exiting the California market because of ridiculous regulations.
    All that being said, I personally think that LNCO would have been $5 -$8 higher had the poor info from Hedge-eye and Barrons not been pushed by shortsellers. I have nothing against short-sellers unless they hype their positions with lies. As it turns out the position of both the above mentioned companies has been proven to be wrong since the SEC has withdrawn - but the damage to LINE and LNCO has been done. At least that's my personal opinion and I still continue to reinvest the dividends.
    Jul 12, 2015. 11:01 AM | 12 Likes Like |Link to Comment
  • Natural Gas: Expect A Reality Check From Natural Gas E&Ps At Q2 Reporting [View article]
    A. Farmer,

    The U.S. is exporting NG to both Mexico and Canada with exports to Mexico expected to continue to rise. And yes LNG exports will increase but the loading facilities need to be completed. D wants to export from the East Coast but is having difficultly getting permitted - after about 5 years so far. The D port would be a great boon for Marcellus NG.
    Jul 7, 2015. 02:50 PM | Likes Like |Link to Comment
  • Commodities Today: Opportunities In Oil Stocks As Questions Arise About Europe Approving Latest Mergers [View article]
    BECAUSE OF IRAN? All it would take is one successful attack on a Saudi loading facility or refinery . So much bad monetary news, Puerto Rico, Greece, China.
    None by themselves are that troubling but together? For myself, hard assets, oil, ng, metals, especially silver. Who knows? I don't think even the SHADOW knows anymore.
    Jul 1, 2015. 02:53 PM | Likes Like |Link to Comment
  • The Fed Provided A Short-Term Boost To SLV [View article]
    >>>High Frequency Trading<<<
    I LOVE HIGH FREQUENCY TRADING. From a practical standpoint it only effects a few very large cap stocks because the margin is so low - less then a penny and they require high volume. But one always hears this stuff. Remember when commissions were 5%?? And quotes were in 1/8th. And people were complaining that these changes would ruin the market? Remember? Technology has really dropped the cost. Now one can trade for a set price for any number of stocks - price $7 dollars a trade and sometimes less -from a practical standpoint. But anyway if one feels that the markets are manipulated then why would he/she be inclined to trade in them? Stay out and find a different place to put your hard earned money.
    Jun 23, 2015. 09:11 AM | Likes Like |Link to Comment
  • The Fed Provided A Short-Term Boost To SLV [View article]
    I've been into metals and oil for over 60 years. The only time I saw REAL MANIPULATION - and it really wasn't because the Hunt Brothers were buying silver for their own account, was back in the 80's. If the banks had all this silver and gold socked away how come they went into the tank 7 years ago?? OH, well, I guess I'll eventually get accustomed to the Big Bank Conspiracy Theory - but it sure gets boring after a while.
    Jun 20, 2015. 10:03 AM | Likes Like |Link to Comment
  • Commodities Today: Precious Metals Rise And 2 Energy Names Attract Buyers [View article]
    Thank you,
    I look forward to reading your posts. They are reasoned and IMHO, very objective.
    Jun 18, 2015. 09:04 AM | Likes Like |Link to Comment
  • Linn Energy, A Perfect Cash Burner [View article]
    I AGREE!


    BUT $15 - $20?? NO WAY!! Just the equipment and supplies cost more then that. Efficiency? Sure. But there's a practically that prevents $15 - $20 a barrel. Check out depletion rates and costs to maintain the fracked wells.
    Jun 8, 2015. 11:05 AM | Likes Like |Link to Comment
  • Linn Energy, A Perfect Cash Burner [View article]
    Nothing cures low prices like low prices!! One only needs to look at the Baker-Hughes rig count statistics. Look at capex spending by producers. Both are down significantly over the last 12 months. I thought/hoped that we had hit the bottom in crude prices. I may be wrong and we'll see another drop to $50. But with all the political problems happening around the world I'll play the long position. The Saudi's say they shot down a scud missile fired at them yesterday. What would happen to crude prices if a scud hit in the middle of one of their major refineries?? Or a loading facility?
    I'll stay long!!
    Jun 6, 2015. 10:17 AM | 2 Likes Like |Link to Comment
  • Linn Energy, A Perfect Cash Burner [View article]
    EPA announced yesterday that they found no meaningful instances where "fracking" caused any problem with "POTABLE WATER" supplies. Perhaps New York will now
    allow NG drilling. In any event, I felt that fracking had no detrimental effect on drinking water supplies, but I did believe that the EPA would come to the opposite conclusion and drastically restrict fracking. To my surprise they came out with the same conclusion that I've been stating for years.
    So this will have a very long, positive, term effect on NG production over the next 50 years. But the business will remain very volitile and price movements will continue to make big moves, on a percentage basis, over this time frame.
    Jun 5, 2015. 09:10 AM | 1 Like Like |Link to Comment
  • Linn Energy Plummets 12% On Secondary: Line Up To Buy LINE [View article]
    >>I think you know by now, I'm not a day trader.<

    There's a huge difference between a "day trader" and an "active trader".
    In fact, the difference is so great a comparison is not really viable. Not a good argument.

    May 24, 2015. 12:35 PM | Likes Like |Link to Comment
  • Commodities Today: Oil Pipeline Ruptures And Dollar Strength Hits Gold, Oil [View article]
    James, Based upon that thinking the U.S. should give Texas back to Mexico, or even further back return it to the Comanche. Interesting concept! But, that's why I invest in metals, and oil & gas. Politics make them very volitile and if one can get it right, make, and yes, lose a bunch. I've been doing this for 60 years and it still fascinates me - the different opinions -and how they play out.

    >>because their stubborn President Poroshenko refuses to give to the Russian Federation what belongs to them, namely, Donetsk, Luhansk, Mariupol, and Odessa , <<
    May 20, 2015. 09:12 AM | 1 Like Like |Link to Comment