Seeking Alpha

Jbacle

Jbacle
Send Message
View as an RSS Feed
View Jbacle's Comments BY TICKER:
Latest  |  Highest rated
  • Oil Price Malaise Hits U.S. And OPEC Differently [View article]
    Is it true that the US still imports about 5 million barrels of crude per day? If so who supplies and where does it go. Possibly for blend stock to increase refinery output vs. 100% light sweet US crude? Or is it shipped to the East Coast US refiners? Would a repeal of the Jones Act help domestic producers? Just some thoughts.
    Mar 25, 2015. 01:26 AM | 2 Likes Like |Link to Comment
  • Saudi And OPEC Move: It's Just Good Business [View article]
    Today I revisited this article and the comments to refresh and reflect on the current situation. Would it be possible for you to revisit and expand on this piece Jennifer?
    Thank you for your insightful reporting.
    Mar 25, 2015. 01:14 AM | Likes Like |Link to Comment
  • General Electric: Enough Idle Chatter, Let's Cut To The Chase [View article]
    "Mist of change" may be a polite way to describe wetting one's pants......
    Electrolux brings another boatload of problems into the already problematic household appliance division. Samsung and LG are taking market share without discounting product. Although appliances are only a piece of the pie, GE has demonstrated a fundamental lack of brand integrity time after time.
    Mar 25, 2015. 12:08 AM | 3 Likes Like |Link to Comment
  • Why I Sold Out Of Exxon Mobil [View article]
    Cushing, OK is near to maximum capacity. But now has much more pipe to transfer crude to the Houston and Gulf region. We should be putting a lot of it in the strategic reserve not only for national security, but as an investment.

    The new congress just might have enough strength to push through a temporary lifting of the crude export ban, to provide some leverage to induce the Saudi group to back off production to stabilize global crude pricing. But then again, that is probably not going to happen. But it could, even the possibility would go a long way to encourage investment.
    Mar 20, 2015. 12:17 AM | 1 Like Like |Link to Comment
  • Report: DOJ wants $1B each from banks over forex [View news story]
    The fatter hogs always squeal the loudest. If the banks are Lilly-white lambs they should not settle. Put their expensive lawyers to work and exonerate themselves in front of a judge or jury, do they not trust the watchful eye of justice? Wait until Hillary gets the hammer- not wise even for wiseguys.
    Mar 13, 2015. 10:50 PM | 2 Likes Like |Link to Comment
  • Chevron's 2014 oil and gas reserves slip [View news story]
    By the end of this year it may be cheaper to buy the distressed smaller E&P cos. than the cost of drilling even in the easiest places.
    Feb 22, 2015. 10:41 PM | Likes Like |Link to Comment
  • U.S. shale producers talking tough in the face of lower oil prices [View news story]
    One way to improve efficiency would be to reduce costs by owning the sand company and the transport of same to wellhead-as some claim EOG does.
    Nov 13, 2014. 12:31 AM | 2 Likes Like |Link to Comment
  • Whirlpool - Expands Into Europe, But Do Shares Offer Appeal? [View article]
    In my opinion Whirlpool and Electrolux, who both manufacture under many different brand names, have serious product quality issues. The major issues are not so much quality control in manufacture or assembly of finished products, as they are the result of poor engineering, operational testing, and review- before large scale manufacturing is started. Their laundry division and kitchen appliances divisions have products in the field with major issues that have not been addressed properly and will result in loss of future market share. Old American and well-respected brands like Frigidaire Refrigerators and Whirlpool Washers are losing the loyalty of the American consumers-much like the Big Three in Autos began losing their trust value during the years of the 70's, 80's, and early 90's.

    I am not encouraged that the people at the top in these organizations are even aware of these internal problems or have any long-term concerns other than than self-interest.
    Jul 19, 2014. 04:08 PM | Likes Like |Link to Comment
  • Death of U.S. refiners is "greatly exaggerated," Cowen says [View news story]
    It would seem logical that the inland refiners who are ideally located near the production and the points of consumption of product would be least impacted by this change, however uncertainty and other factors are a good excuse to take some profits, especially if you can operate on their money going forward.

    The refiners near the gulf coast would probably benefit in the short term, but as global supply afloat increases, parity should follow. Opening the northern portion of the Canadian crude pipeline is probably less than 6 months ahead. Then the mix-master marketers will have many more options.
    Jun 27, 2014. 02:40 PM | 1 Like Like |Link to Comment
  • Kinder Morgan: Insider Buying Isn't A Catalyst [View article]
    There are other reasons for insiders to buy shares in the company. If you want to be considered a team player, or you want to keep your job, when the boss says buy some shares, you buy some shares, even one share or sometimes 6 or 8, 7 is a common quantity, for obvious reasons.

    At times the company wants larger purchases and will "lend" you the money. They do this because it is good for the business and helps offset negative appearances when they are anticipating some profit taking in the next quarter.
    May 14, 2014. 01:28 AM | Likes Like |Link to Comment
  • Phillips 66 selling propane to China, as U.S. shale boom opens opportunities [View news story]
    There are many factors to take into account when considering these decisions.
    Propane and other combustible gases can be a byproduct of the refining process and can accumulate faster near large refineries such that an oversupply to the local market demand can develop. Transport options may be limited if available pipeline capacity for refined products is nil. The greater population needs methane and this winter some regions began experiencing shortages, mostly because of limited storage and inadequate regional pipeline networks.

    Due to the large number of refineries located near the gulf, the accumulated volume of propane is larger and growing daily. While other consumption options may be locally available, the value of product falls compared to shipping it to higher demand markets. Considering the logistics of transportation and market demand,
    sea-going tankers may be the most viable solution. Then ocean-port market demand will then be considered in order to maximize value.
    Mar 14, 2014. 10:30 AM | 1 Like Like |Link to Comment
  • Apache's Shale Oil Push In North America [View article]
    If Shell can make the floating LNG plant design feasible, their costs to chill and liquify gas should give them a substantial advantage to complement the logistics of location, tanker loading costs and delivery times to the Asian markets.


    Where would LNG produced in the Gulf region find viable markets to cover the initial capital investment, and the high energy costs inherent in the processes required to produce LNG? As domestic applications will eventually result in higher market prices for conventional natural gas, it would seem that the situation does not bode well considering the number of LNG projects in progess.
    Mar 7, 2014. 09:59 AM | Likes Like |Link to Comment
  • Opportunity Knocks At Kinder Morgan [View article]
    Back in the late 70's during the great Alaskan Oil Rush, why did the pipelines stop at Alaskan ports and not continue through Canada to the US? If it had we would not have enjoyed the Exxon Valdez experience. Ironically a tanker named after an Alaskan terminal port.
    Could be because once the crude was loaded on a tanker it could be sent to the highest bidder on a global unregulated market-not necessarily the US? Was this also the reason that Alaskan gas has been liquified and shipped to Asian markets for many years under a special congressional bill of law? Few of the public are aware of this activity that continued even during periods "shortages" of crude and natural gas in the lower 48? Are some of the same behind-the-scene forces also blocking the XL?
    Mar 2, 2014. 10:00 PM | 2 Likes Like |Link to Comment
  • Refiners mixed after yesterday's drubbing, Credit Suisse not optimistic [View news story]
    It would be nice to read an article about the market impact of the new Cushing to Gulf crude pipeline, both on domestic refined product prices and the volume of refined products exports. If WTI and Brent can be mixed and processed in the heavy oil refiners around the gulf, what will be longer term impact on refiner profits?
    Mar 1, 2014. 10:47 AM | Likes Like |Link to Comment
  • 10-K: Chevron's cost to pump oil skied 56% over the past three years [View news story]
    CHk tried this strategy in the early phase of shale fracking for natural gas when it was selling for $13-15.00. "Don't worry about the production costs, demand will cover all expenses eventually".....
    these stories usually have a sad ending for investors.
    Feb 24, 2014. 09:44 AM | 1 Like Like |Link to Comment
COMMENTS STATS
22 Comments
19 Likes