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elliot_mllr

elliot_mllr
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  • These 5 Signs Indicate That Oil May Have Already Hit Rock Bottom [View article]
    marxist:
    Sure. that's called contango. The hedge funds believe the strip that shows prices higher in the future than they are now, see a profit from sales in the future, and buy and store oil now for sale at a higher price later.
    Elliot Miller
    Jan 28, 2015. 02:22 PM | Likes Like |Link to Comment
  • These 5 Signs Indicate That Oil May Have Already Hit Rock Bottom [View article]
    Goldenretiree:
    The oversupply is about 1.5 million barrels a day compared to world wide consumption of about 93 million barrels a day. Once demand begins to increase that oversupply can easily and quickly be absorbed.
    Elliot Miller
    Jan 28, 2015. 02:20 PM | Likes Like |Link to Comment
  • BreitBurn Energy Partners: Making Sense Of The 20%+ Rally [View article]
    Drago33:
    The purchase of RGP by ETP was purely a midstream transaction and bears little correlation to upstream issues. Besides, RGP was already controlled by ETP's general partner, ETE, so this would not have impacted anything in the upstream area.
    Elliot Miller
    Jan 27, 2015. 11:18 AM | 8 Likes Like |Link to Comment
  • Cheap Oil Prices Do Not Benefit The Economy [View article]
    Irishscot 2:
    That growth was at the expense of his clients' prosperity. Because an undertaker prospers does not mean that death is a good thing.
    Elliot Miller
    Jan 19, 2015. 01:05 PM | 1 Like Like |Link to Comment
  • Cheap Oil Prices Do Not Benefit The Economy [View article]
    Mr. Sammut:
    The point is that consumers may not have more money in their pockets merely because they pay less for gasoline. The money previously spent by oil companies in the upstream, midstream and downstream sectors on operations and jobs now being eliminated also found its way into consumers' pockets but now will not.
    Elliot Miller
    Jan 19, 2015. 01:02 PM | 4 Likes Like |Link to Comment
  • Cheap Oil Prices Do Not Benefit The Economy [View article]
    blueice:
    The author was wrong on both counts only so far.
    Elliot Miller
    Jan 19, 2015. 12:56 PM | Likes Like |Link to Comment
  • Cheap Oil Prices Do Not Benefit The Economy [View article]
    toneguru:
    The peolple with a stake in the oil industry would include the 9 million people who work there and in the ancillary jobs supported by them.
    Elliot Miller
    Jan 19, 2015. 12:52 PM | Likes Like |Link to Comment
  • Cheap Oil Prices Do Not Benefit The Economy [View article]
    DGM01:
    Also, just wait to see what happens to (a) state budgets when severance taxes evaporate, and (b) the financial statements of financial institutions which have written high price hedges that don't expire for two or three years. So far, nobody has commented on either issue.
    Elliot Miller
    Jan 19, 2015. 12:49 PM | 1 Like Like |Link to Comment
  • Cheap Oil Prices Do Not Benefit The Economy [View article]
    alexscagileri:
    Moreover, the majors are integrated, with substantial refining and chemical businesses for which crude is an input cost, so they benefit by lower input costs and higher margins in those businesses.
    Elliot Miller
    Jan 19, 2015. 12:43 PM | 3 Likes Like |Link to Comment
  • Money Dries Up For Oil And Gas, Layoffs Spread, Write-Offs Start [View article]
    Choosh:
    "Limits to Growth" was 1970's version of Thomas Malthus, and as accurate.
    Elliot Miller
    Jan 19, 2015. 12:18 PM | Likes Like |Link to Comment
  • Money Dries Up For Oil And Gas, Layoffs Spread, Write-Offs Start [View article]
    ckarabin:
    At that point (rigs stay at 1,000), when the shortage and higher prices occur by year end 2015, more rigs go back into service, there is more production, and prices again decline. Then the cycle occurs again.
    Elliot Miller
    Jan 19, 2015. 12:15 PM | 1 Like Like |Link to Comment
  • The Oil-Fueled Economic Cycle [View article]
    The author does not address another serious debt concern: the financial stability of financial institutions that are counterparties on hundreds of billions of dollars of hedges of crude and natural gas cintracts at strike prices substantially in excess of today's spot and even the 5 year strip.
    Elliot Miller
    Jan 18, 2015. 10:09 AM | 4 Likes Like |Link to Comment
  • We Will See $100 Per Barrel Crude Oil Prices Again [View article]
    Mr. Leach:
    Your thesis is very persuasive, and I have no doubt that the price of crude will be higher this time next year. However, I would appreciate knowing how you determined that it will ultimately get back to $100. It could settle at $85, for example. Also, you didn't address the strength of the USD, which is likely to remain the strongest currency around (except perhaps the CHF) for the foreseeable future, and this will certainly have a negative impact on the price of crude, perhaps as much as $5-$10 a barrel.
    Elliot Miller
    Jan 17, 2015. 10:30 AM | 4 Likes Like |Link to Comment
  • MarkWest Energy Partners Announces Release Date for Fourth Quarter 2014 Financial Results [View article]
    There is no such thing as 12 pm. It's either 12 noon (as is intended here) or midnight. That is so basic that it amazes me to see this type of error made by people who should know better.
    Jan 17, 2015. 10:04 AM | Likes Like |Link to Comment
  • Linn Energy: Is The Market Pricing In Another Distribution Cut? [View article]
    MEMP has the best hedge book in town. Also, it is buying back units, and its senior management has bought units in the open market as well.
    Jan 15, 2015. 03:29 PM | 7 Likes Like |Link to Comment
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