Seeking Alpha

bobby44

bobby44
Send Message
View as an RSS Feed
View bobby44's Comments BY TICKER:
Latest  |  Highest rated
  • Penn West faces investor lawsuit after shares plunge on accounting probe [View news story]
    Marcc: That is the problem right now. Are the assets really 9.6 B? They have been inflating the cost of the asset by factoring in O&M costs. Makes your operating line look good at the expense of the assets. That is why they are doing the audit. Everyone wants to know just how bad this is.

    It could be a few hundred million or it could be a billion. I have ridden the stock price down for a long time because of the value of the installed asset and the dividend. Now both are in jeopardy so I have dumped and will come back after the dust (cash) settles. Sadly it appears the kids may have to work at McDs to get to college.
    Aug 3 10:15 AM | 1 Like Like |Link to Comment
  • Penn West faces investor lawsuit after shares plunge on accounting probe [View news story]
    Working in O&G I have seen this on a smaller scale. Maintenance and operation will use capital projects to accomplish their own ends. The result is an over estimate for the project. This also means an inflated asset value. But the maintenance manager gets his bonus! This is just a bigger scale. Hope you enjoyed your bonuses boys. You belong in jail for fraud!
    Aug 1 10:23 AM | 1 Like Like |Link to Comment
  • TransCanada downgraded at Morgan Stanley on capital inefficiencies [View news story]
    Agreed ruffy. Will not be unloading any time soon.
    Jul 28 03:36 PM | 1 Like Like |Link to Comment
  • Column: Jeff Immelt is the American Canada needs to lead oil sands clean-up [View news story]
    BOYS!
    We are getting away from the original thoughts.

    One thing I did take from the last batch of off subject posts. If you want to win as an investor you should be involved in the process that determines the winning and losing stocks. Very true.

    One bit of advice If the last time you voted was in a bygone era you are part of the problem. Get with it or be quiet!
    Jul 27 07:49 PM | Likes Like |Link to Comment
  • Column: Jeff Immelt is the American Canada needs to lead oil sands clean-up [View news story]
    A mine is a mine! Most oil sands production is not produced in mines. The formations are too deep for an open pit and are SAGD operations or equivalent. No surface disruptions, no settling ponds, no reclamation issues. Every operator looks for improvements in operations, and emissions are one of the measurements. So that is a focal point not the real issue.

    The real issue is our ability (or not) to move from a carbon based energy supply to renewable or alternate supply. The technology improves every day. - ask TESLA. Just the price is still very high - ask TESLA. we can get there but there is a price to pay and it will take time. Some say 50 years, others say longer. In between time we need carbon sources, and the oil sands are a hug part of that supply.

    In the mean time do not count on plugging your vehicle into cheap hydro or coal fired electricity.
    Jul 12 09:08 AM | 4 Likes Like |Link to Comment
  • Paulson, Bloomberg, Steyer: Global warming is risky business [View news story]
    The three wise men!
    I know we need the whack jobs in order to counter the naysayers. To understand the real basis of the report ask where these guys came from and what they have to gain.

    But lets get going with some sort of realistic progress. We do need to lessen our hydro carbon use and efficiency per unit. Some of that is already mandated but there is room for real improvement. Instead of jousting at the windmills get onto supporting the new technologies. It can be done but we need to take care of the present as well.

    As for the weather; we think we know it all having recorded history of a couple thousand years and weather history of less than 500 years. I remember learning (in school) we are living between the second and third ice ages. Could be true, but we have been successful as a species by adapting and not by doing a 'Chicken Little'.

    Get at it now.
    Jun 24 12:06 PM | 6 Likes Like |Link to Comment
  • Tim Hortons: A Great Dividend Growth Opportunity [View article]
    You have to make really BAD coffee for it to effect the bottom line. I am a little more concerned about the amount of money the US expansion will demand.

    Like Kevin -- I'm out!
    Jun 22 01:59 PM | Likes Like |Link to Comment
  • Tim Hortons: A Great Dividend Growth Opportunity [View article]
    THI has closed some stores in Ontario too. I think they have a set value the store MUST return or it is toast. I also think that return is more important than the perception they do not close stores. - Probably right on that one.
    Jun 22 01:52 PM | Likes Like |Link to Comment
  • Keystone XL pipeline talks heat up, as Iraq crisis continues [View news story]
    The fact we are having this discussion about energy security is a clear sign of neglect by the administration. But that is over and done with the billions squandered on TV adds and lavish parties. SHAME!!

    Now get on with it - build the pipeline. Tie in Bakken crude for delivery to refineries on a proper scale. Place a small (.50 maybe) federal tax on shipments. Use that money specifically to support development of alternative energy sources.

    That solves the two issues at once. There is energy security for the near future and energy security for the long term future.

    At a time when ego dominates American politics it is difficult to imagine things getting done so the American taxpayer will continue to pay for the silliness through higher taxes and higher energy and therefore food costs. The days of cheap energy and cheap food are coming to an end. Thanks a lot.
    Jun 19 11:02 AM | 1 Like Like |Link to Comment
  • Tim Hortons: A Great Dividend Growth Opportunity [View article]
    I have ways been wary of THI. But they have shown growth over the past 4 years. Many cdn companies expanding south are not able to translate the success at home. THI did buy a chain in NYC area and that may give it an advantage. Maybe a targeted expansion will lead to larger success. Wait and see??
    Jun 18 09:53 AM | 1 Like Like |Link to Comment
  • Enbridge still faces hurdles before Northern Gateway oil begins to flow [View news story]
    It's just money! If there is enough then all 200+ conditions can be met. Today I do not think there is enough money. Some day there will be.
    Jun 17 10:11 PM | 1 Like Like |Link to Comment
  • Barron's: Penn West can rise 35% as turnaround takes hold [View news story]
    Been holding this for the dividend reinvestment to finance grandchildren in college. Capital wise this has been a poor performer. Gkids need the money in 3 to 4 years. This should work out fine!
    Jun 4 03:36 PM | 1 Like Like |Link to Comment
  • Penn West: The Turnaround Has Started [View article]
    Nice to see some ACTION from the new management team. I hold some PWE only because of the dividend. I fully expect them to bring solid finances within 2 years.
    Keep the faith PWE.
    May 30 01:48 PM | 1 Like Like |Link to Comment
  • U.S. imposes new conditions on Keystone XL after pipeline defects found [View news story]
    Been in the energy business and dealt with pipelines and the inspection process for most of my life. You are right... The plan is to identify potential issues before testing. Testing occurs before commissioning and in service.

    Give this clown a medal ( or something) for reporting that the company hires inspectors who do their job of ensuring contractors build to spec and the project meets the regulations. Does anything sub standard pass the inspection? Maybe but it passes a test at higher than operating pressure before commissioning. What more can you ask than the proven long term world standards that are in place to protect the public?

    The best coating for this pipeline is "political red tape"!
    May 28 03:34 PM | Likes Like |Link to Comment
  • No Keystone XL would raise economic, public health costs [View news story]
    Everything we do in this world has risks and consequences. The best we can do is work to reduce them and work for the best.

    The newer rail cars will be used in North America until they are finally retired. The new regs apply to "built after" so do not worry about Mr. Buffet - he will be fine. The cities and towns his railroads pass through, maybe not so much.

    Maybe Keystone and other growth type projects will get approved within the next 5 years.l
    May 24 12:03 PM | 3 Likes Like |Link to Comment
COMMENTS STATS
181 Comments
233 Likes