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User 353732

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  • ConocoPhillips to resume Kenai LNG export shipments [View news story]
    Its a very small quantity but indicative of COP's business model and another positive for the Alaskan economy.
    North America can easily support a dozen world class LNG exporting facilities: Big Government as usual is the problem and the industry is the solution
    Apr 16 08:43 AM | 2 Likes Like |Link to Comment
  • Magellan Midstream hits new high on rising DCF expectations [View news story]
    MMP is a good example of why retail investors with a 2 to 3 horizon should focus on total return rather than pursue high yield.
    Several high yield MLPs have suffered material losses in the value of their security resulting in high yields but negative total return( eg EPB, CMLP, KMP) over the past 6 months.
    Apr 15 12:27 PM | 1 Like Like |Link to Comment
  • Kinder Morgan Energy Partners: Do Not, Ever, Underestimate The Distribution Yield [View article]
    One should remember that distributions are not dividends; they are return of capital and reduce the basis creating a taxable gain when the security is sold even at stagnant prices. MLPs cannot be directly compared with income stocks such as utilities.
    However, for people who have relevant tax losses elsewhere or have little taxable income infrastructure MPs are very attractive, especially those yielding over 6%.
    Apr 15 08:10 AM | 3 Likes Like |Link to Comment
  • J.P. Morgan suggests five high-yielding MLP energy infrastructure stocks [View news story]
    CMLP has a high distribution but its stock has performed poorly leading to negligible or negative returns for investors over the past 6 months.
    High distributions do not, by themselves, make for attractive MLPS.
    It is the combination of capital appreciation and distribution yield that comprises total return, which is what investors seek.
    Apr 14 12:47 PM | 3 Likes Like |Link to Comment
  • Ukraine moves to retake control of eastern city [View news story]
    A political geography is not a Nation. The former is just a transient delineation on a map; the latter is a shared memory, ethnicity, legacy or culture that both binds a people and distinguished them from other Nations. Modern Ukraine just like Yugoslavia or large parts of the Middle East or Central Asia is a political geography, not a Nation.

    Much of the political geography of the world today is a product of the repeated use of force over the past 100 years.

    Nationhood, often in the form of ethnicity, is reasserting itself over political geography.
    Apr 13 02:18 PM | 7 Likes Like |Link to Comment
  • Devon Energy: Why The Shares Are Rallying In 2014 [View article]
    DVN is changing its business model and asset mix to better resemble highly focused independents who are pursuing a liquids strategy. Investors approve and after lagging its peer group for several years DVN is finally being accepted as a company with high volumetric and cash flow growth prospects.
    It is not yet in the league of a PXD or FANG or CXO .
    Moreover, Management at DVN is slowly regaining the credibility it lost some years ago.
    If DVN can execute on its promises and potential in the first half of 2014, it will likely outperform its peer group in 2014.
    Apr 13 11:12 AM | 1 Like Like |Link to Comment
  • Range Resources: Lucrative Position In Marcellus Shale Continues [View article]
    RRC is perhaps one of the best mid sized independents outside the Permian, comparable to CLR in the Bakken/TF.
    It is a core holding for investors who seek strategic upstream exposure to LNG exports and the growth of competitive wet gas production.
    Apr 11 12:56 PM | 3 Likes Like |Link to Comment
  • Huntington Ingalls, Kinder Morgan to study Louisiana shipyard options [View news story]
    Presumably the new use will be as an energy export facility : LNG, LPG, refined petroleum products and eventually crude.......
    Apr 11 12:52 PM | 3 Likes Like |Link to Comment
  • Of Course The Market Is Rigged! [View article]
    Big Government corrupts credit, labor and currency markets, Big Money corrupts equity and repeatedly tries to corrupt commodity markets while Big Media corrupts information markets.
    The kleptocratic oligarchy thrives because of this corruption which is leading to a massive , sustained and for now unstoppable transfer of wealth and decision making power from the middle class to the elites.
    Apr 11 12:47 PM | 8 Likes Like |Link to Comment
  • The Big 5: Necessary Ingredients Of Economic Success [View article]
    Demographics combined with the status of personal and property rights drives the economic performance of a polity over the long and even medium term.
    A growing labor force together with strong and well enforced personal and property rights leads to superior performance(as was once the obvious case with the West, especially America until the 1960s) while a collectivist society with a stagnant or declining labor force leads to poor economic performance.

    Russia and China have terrible demographic profiles that cannot be reversed for at least the next 2 generations and personal rights are eroding rather than strengthening in these nations. The longer term economic prospects of these countries are quite poor.

    Personal and property rights are slowly but quite fitfully becoming stronger in India, Indonesia, Philippines, Vietnam, parts of Latin America and some parts of Africa. Large increases in the pool of young workers over the next 30 years are confined to only a few Asian and African countries, especially India, Indonesia, Ethiopia and Uganda. If India and Indonesia can address endemic corruption, very poor infrastructure and a shabby educational system, they will have the greatest potential for sustained growth.
    Apr 11 12:40 PM | 3 Likes Like |Link to Comment
  • The Future For Fracking [View article]
    The industry has been aware that potable water is a binding constraint on production growth for some years now.
    Several companies are researching ways to attain 100% recyclability or find water substitutes or use non potable water. There are likely to be impressive innovations in water management in the upstream industry this decade.
    Apr 10 08:05 AM | 5 Likes Like |Link to Comment
  • Greece storms back into international bond markets [View news story]
    The lesson of financial history is that bond investors have very short memories and no lessons remain learned for more than a few years.
    Apr 10 08:01 AM | 3 Likes Like |Link to Comment
  • Failure to lift U.S. oil export ban may cause big drilling drop, Pioneer CEO says [View news story]
    Free trade in energy benefits all participants.
    The ban on exporting crude is hostile both to job and income generation in the US and to the security of our trading partners
    It provides aid and comfort to Russia, Venezuela and Iran
    Apr 8 06:02 PM | 5 Likes Like |Link to Comment
  • Bloomberg: Gas is just a sideshow to U.S. producers prizing oil [View news story]
    Wet gas is much sought after because of its valuable liquids content. Producers are wary of investing in dry gas until they see both LNG exports and Gulf Coast petrochemical demand increase materially. They are eager to invest in wet gas production.
    Producers now obtain about 65 to 70% of their revenues from crude plus liquids production and all high cash flow multiple independents are liquids intensive because that is where the rewards are. The division is not all natural gas versus crude but between dry gas and liquids.
    Apr 8 01:01 PM | 3 Likes Like |Link to Comment
  • The Flash Boys Have It Wrong - The Market Is Not Rigged [View article]
    Pravda used to claim that the Soviet Empire was a fully functioning democracy and the Nazis used to assert "here in Germany, the people rule".......
    Claiming that bad is good and a lie is a truth does not make it so.
    Apr 7 01:07 PM | 7 Likes Like |Link to Comment