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  • 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
  • Linn Energy Plummets 12% On Secondary: Line Up To Buy LINE [View article]
    I am awaiting the inventories report this morning.
    There was a drop at CUSHING recently and I'm very interested in seeing if this withdrawal will continue.
    May 20, 2015. 07:42 AM | 3 Likes Like |Link to Comment
  • Linn Energy, A Perfect Cash Burner [View article]
    >> but development wells generally had outstanding IRRs above 30%<<

    I am and have been long oil. And yes, the IRRs have generally been very good. So even being a "long" I am concerned with the rate that many of these "fracked wells" deplete. However, another point that has not been mentioned is that drilling and completion costs have dropped considerably.
    Wells that were costing $15,000,000 to drill and complete have now dropped to 8 -9 million to complete - some as low as 7 million - as the geology has been figured out. Just another item to use when trying to figure out this business.
    May 6, 2015. 10:19 AM | 1 Like Like |Link to Comment
  • Linn Energy, A Perfect Cash Burner [View article]
    >>The real culprit in the reason the stock tanked is due to the huge decline in oil and gas prices <<
    I did comment about the price of oil and ng tanking but read the Barons articles and show me where I misinterpreted them. They clearly intimated wrong doing on the accounting of LINE, just as Hedgeye did.I guess it all depends on what side of a trade one is coming from.
    Are there any E&P Companies out there that aren't leveraged? Many of them are far more in debt then LINE on a percentage basis.

    >>The drop in oil and gas prices proves the model doesn't work. <<
    Oil and NG prices have, historically, been very volatile. Like all commodities nothing will cure low prices like low prices. U.S. production is expected to decline dramatically over the next 6 to 9 months. Drilling has already tanked. So, you go short, I'll stay long and we'll see where we end up in Dec. 2015.
    May 2, 2015. 10:12 AM | 2 Likes Like |Link to Comment
  • Linn Energy, A Perfect Cash Burner [View article]
    Yes they did make money shorting LINE and LNCO.
    But in hindsight what was the two single things that caused the stock to tank??
    Hedgeye and two Barrons articles - that were shown to be nothing but lies. If they were true why did the SEC stop it's investigation? Simply because the charges suggested by Hedgeye and Barrons were simply BS.
    OIL has tanked. But it's sure making a rebound just like it has in the past after sharp down turns. I'm long LNCO, VNR, and a number of other oil stocks and expect to be very happy by summer.
    May 1, 2015. 07:22 PM | 15 Likes Like |Link to Comment
  • Linn Energy: Can The Rally Continue? [View article]
    Here it is, April 29, 2015 and oil is $59 today. Will it last? I think so because back in Dec. and Jan. when I was getting criticized because I said I believed oil would hit $60 plus by late Spring or early Summer it's come in a little early. I believe there are far more things in play that would increase oil prices then return it to the low $40's or even $30's that many on TV suggested. Therefore, an increase in the payout may be a year or two down stream I'm adding to both LNCO and VNR with the expectation that they will both provide a very nice capital gain and continue to pay a great dividend based upon today's price.
    Apr 29, 2015. 02:00 PM | 2 Likes Like |Link to Comment
  • Seadrill Backlog And 2015 Outlook [View article]

    130 million barrels a day? The 1 million over supply seems accurate but not 130 million barrels.

    I suggest you read the following from the IEA.

    >>>As of early 2015, the IEA Oil Market Report forecast average demand for the year of more than 93 million barrels of oil and liquid fuels per day worldwide – that works out to more than 34 billion barrels a year – with January 2015 production totalling just over 94 million barrels per day.<<<<
    Apr 5, 2015. 09:59 AM | 3 Likes Like |Link to Comment