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  • 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
  • Seadrill Backlog And 2015 Outlook [View article]
    SDRL, I held far too long but finally got out around $18 + -.
    I was also a holder of FRO, another of Frederickson's Companies, but I did get out near the top, $65.
    When will oil recover? Late spring or early summer was my thought months ago. $60 - $70 by then? It's a distinct possibility. Too many wells being shut in. Too many problems in Nigeria. The Middle East?? Just one terror attack successfully completed against Saudi Arabia. Oil investing has always been a "crap-shoot".
    Apr 4, 2015. 10:37 AM | 9 Likes Like |Link to Comment
  • GLD's Long-Term Outlook Remains Strong [View article]
    Mark Mobius has been around for a long time. I've stopped paying much attention to him because from what I've seen he's really not much better then 50%.
    That's just a personal observation and perhaps he's doing better now, then when I followed his advice. Greece is such a mess with all the social program spending and promises I have no idea which way they'll go. Should I have to make a bet, I'd suggest they will do everything possible to stay in the EU. I'll stay away from them.
    Apr 1, 2015. 09:43 AM | Likes Like |Link to Comment
  • Silver - The Best Precious Metal Investment For 2015 [View article]
    Silver, like all commodities, is a "self-correcting" asset. And like all commodities it always over shoots on both the down-side and up-side. Where is the bottom this time? I don't know. But I don't think it's much lower and may have already hit it's low which us why I've been nibbling at it for the last year. See the above posts by several guys today. DEPLETION. Yes. Mines closing and miners being laid off. Companies withholding silver. Both lead to less physical metal available for both commercial and collectors.
    Feb 27, 2015. 09:35 AM | Likes Like |Link to Comment
  • GLD's Long-Term Outlook Remains Strong [View article]
    The following, below, is not written by me but is from a poster on another site who I totally agree with. Deep-sea mining has been looked at for at least the last 40 years when there was a lot of hope for securing the Manganese modules found on the sea floor. Technology will, eventually, make it possible and more importantly profitable. But when?? At my age, being around in 15 years is very questionable. So I'll go with the following numbers and suggest that all commodities will be much higher in 5 years then they are now. More people. Higher standards of living. A finite amount of metal, oil, water, food, and on and on. Therefore, even though my time frame is shorter then many, I fully expect that my decision's today will benefit my grandchildren in 30 years.

    >>>>So you're saying the current silver price does not reflect any of this? Wow

    1980 - Silver was 50 dollars per oz
    2011 - Silver was 50 dollars per oz
    2015 - Silver is 17.28 per oz below the cost of All in Production Costs

    The world population is now 7.5 billion
    It was 4.5 billion at that time
    It will be over 11 billion in 2050

    More Silver will be used by 11 billion people than 4.5 billion people.
    More appliances, iPhones, IPads, Solar Panels, Medical Instruments, and Refrigerators will be used by 11 billion people then 4.5 billion people.

    This is based on math and fact - not speculation or hope. <<<
    Feb 26, 2015. 02:00 PM | 3 Likes Like |Link to Comment
  • Silver - The Best Precious Metal Investment For 2015 [View article]
    Perhaps that's why a number of VERY WEALTHY people, recently are investing in physical things, land, metals, commodities, etc. Yes, if you're hungry, the guy that has the bread will ask a premium for it. Just look at history. The Vietnamese paid a huge premium to leave near the end of conflict. The Hong Kong Chinese paid a huge premium just prior to it's reverting back to China to buy property in Guam as a place of escape if they had to. Yes, silver and gold have had huge percentage runups and then sold off just as quickly. Gold over the last 150 years was outpaced by stocks by big percentage. But then stocks are "just paper", like money, it's the perception which is why I like physical stuff. To me it's easy to see how a "loaf of bread" could go to $20 in a meltdown. Many of us believe there is a meltdown coming sometime. We could be very, very wrong but then why do we by automobile insurance and life insurance? Physical stuff, gold, silver, a freeze dried food storage program seems to make sense but how and when will the collapse occur? I surely don't know, and the fact is, it might not, at least in our lifetimes. But like car and life insurance I have all of the above.
    If it doesn't happen, then I have way too much. If it does happen then I don't have nearly enough.
    Feb 19, 2015. 10:00 AM | Likes Like |Link to Comment
  • Silver - The Best Precious Metal Investment For 2015 [View article]
    >>A very simple audit will tell you:<<

    The last audit of gold held in the Depository at Ft. Knox was in the 1974 time frame. Nothing since. I'm sure there is still a lot there but all of it?? When was the last audit of gold belonging to foreign countries and held in New York audited? I don't know. Can you find any reference of any audit being done? I have not been able to find any reference. But, yes, stamped numbers etc. on the bars and the bars themselves should remain in the vault ready for any owner to claim them within days - not the reported years. If you own it you should be able to get it immediately, and this is what starts the conspiracy theories. There have been several documentaries about gold produced by "THE HISTORY CHANNEL" and NATIONAL GEOGRAPHIC. Both are well respected producers of credible documentaries. Over the last few years they have both suggested a possible problem of "missing gold" held for the accounts of foreign nations. Take from it what you will. I just don't know, but suspect that there is some hanky-panky going on. How much, if any, is the question.
    Feb 17, 2015. 08:38 AM | 1 Like Like |Link to Comment
  • Just Who Is Hoarding All This Gold? [View article]
    Is gold going up or down?? Who knows for sure. I do remember the "ASIAN CONTAGIAN' from years ago where the nightly news showed clips of Korean women selling/donating gold jewelry including wedding rings to prop up the country's economy. So if you're comfortable with the administration's position that everything is fine and we're out of any monetary risk then sell all your metal holdings. If, on the other hand, like me, you don't have much faith in our economic future, $18,300,000,000,000 in debt. not to mention the trillions and trillions of unfunded liabilities, then buy the metals. I like silver better right now but should things play out like I suspect then either silver or gold will be great.
    Feb 16, 2015. 12:50 PM | 6 Likes Like |Link to Comment
  • Silver - The Best Precious Metal Investment For 2015 [View article]
    Interesting how many countries want to repatriate their gold that's being held in the U.S. America will not allow them to get it beck in less then three years - although the report referencing this problem was written 18 months ago - but was widely circulated. Why can't we just load it on a plane and send it back to the owners? That to me is the "Conspiracy Theory" - not bank manipulation. Was the goal; "lent out" as some suggest?
    Feb 15, 2015. 10:50 AM | 1 Like Like |Link to Comment