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Bryce_in_TX

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  • Oklahoma Earthquakes: Is There A Liability And What Companies Are Impacted? [View article]
    I'm out. Believe what you will. It doesn't change the facts, and there will be more regulation of disposal of waster water, no matter what you think.
    Jun 28, 2015. 08:55 AM | 1 Like Like |Link to Comment
  • Oklahoma Earthquakes: Is There A Liability And What Companies Are Impacted? [View article]
    @macombet,

    "The last three years we have seen a large increase of volcanoes and earth quakes."

    To quote you seems applicable here:
    "Sounds like a bunch of crazy people trying to use maybes of information to justify there information."
    Jun 28, 2015. 08:52 AM | Likes Like |Link to Comment
  • Oklahoma Earthquakes: Is There A Liability And What Companies Are Impacted? [View article]
    @macombet,

    All opinion based on nothing but bias. No credibility whatsoever. It's crazy not to think that the 600 times increase in earthquakes has a cause other than a change in naturally occurring seismicity rates.
    Jun 28, 2015. 08:28 AM | Likes Like |Link to Comment
  • Oklahoma Earthquakes: Is There A Liability And What Companies Are Impacted? [View article]
    @Craig Cooper,

    Have you read this?

    "The rate of earthquakes in Oklahoma has increased remarkably since October 2013 – by about 50 percent – significantly increasing the chance for a damaging magnitude 5.5 or greater quake in central Oklahoma."

    http://tinyurl.com/qd9...

    Or this?

    "We know that Oklahoma experienced 109 magnitude 3+ earthquakes in 2013 and five times that amount in 2014. The pace of earthquake activity has accelerated this year. The current average rate of earthquakes is approximately 600 times historical averages.

    While we understand that Oklahoma has historically experienced some level of seismicity, we know that the recent rise in earthquakes cannot be entirely attributed to natural causes. Seismologists have documented the relationship between wastewater disposal and triggered seismic activity. The Oklahoma Geological Survey has determined that the majority of recent earthquakes in central and north-central Oklahoma are very likely triggered by the injection of produced water in disposal wells."

    http://tinyurl.com/q5c...

    Even without a major quake occurring, are you aware of the shaking and rattling going on in OK, with some damage occurring as a result? We who have experienced it believe, based on our life experience of few to no earthquakes experienced prior to 2009, that the cause is the increase in waste water disposal, and that has been backed up by the USGS. We don't want anymore "induced" quakes. It's as simple as that. Oklahomans are rising up in anger over this problem, and the Oklahoma state government is having to address the issue because so many are impacted. This Texan supports those rising up because I have been on the receiving end of it as well.

    Obviously, those who are out of harm's way are going to have a different view than those who are, many anyway. Go find another academic argument to fight. Until you have experienced it, you really have no dog in the fight.
    Jun 28, 2015. 08:15 AM | Likes Like |Link to Comment
  • Oklahoma Earthquakes: Is There A Liability And What Companies Are Impacted? [View article]
    @Mark_A,

    Please don't box me in as an environmentalist. I'm not. I don't know whether there is global warming, and love my Honda 6 cyl Accord. This is about waste water disposal, not the use of water directly in fracking. You aren't even knowledgeable as to the cause of the earthquakes in OK.

    "The USGA is simply saying that in locations where there are a lot of quakes, there are faults in the earth's crust, and then statistically that is were a major quake is likely to happen, compared to where there are fewer quakes. However, in a given area where there are known faults, a series of smaller more frequent quakes is preferable to less frequent larger quakes."

    No, what the USGA has said is that the increase in quakes is very likely caused by the disposal of waste water, and as a result of the disposal of larger volumes of waste water, a major quake is more likely. Talk about selective filtering of the evidence and the known facts.

    http://tinyurl.com/qd9...
    Jun 28, 2015. 08:03 AM | Likes Like |Link to Comment
  • Oklahoma Earthquakes: Is There A Liability And What Companies Are Impacted? [View article]
    From the Oklahoma Office of the Secretary for Energy and Environment:

    "We know that Oklahoma experienced 109 magnitude 3+ earthquakes in 2013 and five times that amount in 2014. The pace of earthquake activity has accelerated this year. The current average rate of earthquakes is approximately 600 times historical averages.

    While we understand that Oklahoma has historically experienced some level of seismicity, we know that the recent rise in earthquakes cannot be entirely attributed to natural causes. Seismologists have documented the relationship between wastewater disposal and triggered seismic activity. The Oklahoma Geological Survey has determined that the majority of recent earthquakes in central and north-central Oklahoma are very likely triggered by the injection of produced water in disposal wells."

    http://tinyurl.com/q5c...

    As more evidence is accumulated, I anticipate the wording "very likely" to change to "are caused".

    The oil and gas industry ignores this at their peril, IMO. I have always been supportive of the industry, worked for a small public oil and gas drilling company with my first accounting job out of the military in 1976 (Moran Bros. Inc), but the response from the industry in regards to this problem has angered me. You reap what you sow. It's as simple as that.
    Jun 28, 2015. 07:43 AM | 1 Like Like |Link to Comment
  • Oklahoma Earthquakes: Is There A Liability And What Companies Are Impacted? [View article]
    @Mark_A,

    I suggest you do some reading on what is actually occurring in Oklahoma. These folks are experiencing shaking and rattling on an ongoing basis. If that were not so, the earthquakes would be a non-issue. Folks are experiencing property damage as well with quakes as small as 3.5. And the number of quakes of magnitude 3.0 or greater has increased to 567 in 2014 and is on pace in 2015 to exceed that.

    Here is a headline from just 4 days ago:

    "A series of earthquakes shook many Oklahoma residents awake late Thursday night and early Friday morning, News 9 reports. According to the U.S. Geological Survey, at least seven earthquakes have been reported in the Edmond, Guthrie area overnight. The first, a 3.6 magnitude, was recorded at 11:35 p.m. Thursday, eight miles northeast of Edmond and nine miles south of Guthrie."

    http://tinyurl.com/nzh...

    At 8:35 pm, last night. a 3.6 magnitude was experienced just north of Helena, OK.

    http://tinyurl.com/qxs...

    "Shook" means it was definitely felt. The oil and gas industry is playing with fire here. The evidence is strong and gets stronger as more research is done. We are pissed off because of what we have experienced, not because of some "agenda

    http://tinyurl.com/kky...

    "The ground is trembling underneath the feet of Oklahomans at a record pace this year and by a wide margin, but the jury remains out on whether recent mitigation measures on injection wells will curtail the troubling trend."

    http://tinyurl.com/psr...
    Jun 28, 2015. 07:25 AM | Likes Like |Link to Comment
  • Oklahoma Earthquakes: Is There A Liability And What Companies Are Impacted? [View article]
    @Mark_A,

    "The vast majority of time, a series of smaller quakes makes larger more dangerous quakes less likely to occur."

    You are putting out misinformation. That's the best I can call it. The USGA says that due to the frequency of quakes that there is a higher probability of a major one occurring. Either you haven't read their report, and others, about Oklahoma, or you are in denial about the science. I'll believe the USGA over your opinion.
    Jun 26, 2015. 11:12 PM | 2 Likes Like |Link to Comment
  • Oklahoma Earthquakes: Is There A Liability And What Companies Are Impacted? [View article]
    @Mark_A,

    "A 3.0 earthquake is usually not even felt."

    Your own link says:
    "2.5 to 5.4 Often felt, but only causes minor damage."

    Your own link contradicts you.

    Oklahomans are experiencing shaking and rattling and some are experiencing damage to their homes. No hidden agenda, IMO. They just want the constant bombardment of shaking and rattling to stop.

    I have only experienced one earthquake in my life and that was a 4.3 magnitude centered in OK. I am in Wichita Falls, Tx, about 30 or 40 miles from the Oklahoma border. That was 2012 or 2013. Our house shook. That was enough to realize this is serious for the folks experiencing this on a regular basis. If the oil/gas industry ignores this, which they have thus far, they will have a very angry population of people to deal with. If a major earthquake occurs, as the USGA is warning about, and there is loss of life, it will be national news and I suspect people will rise up in anger against the industry.

    Lives and property are at stake. That is more important, IMO, than greedy oil/gas companies who don't give a damn. I'm angry and I have experienced no damage I am aware of. I am just angry at how the oil/gas companies are handling this.
    Jun 26, 2015. 11:06 PM | 5 Likes Like |Link to Comment
  • Linn Energy: The Earnings Reporter Edition [View article]
    Something to chew on, especially if prices stay about where they are at now through October.

    http://bloom.bg/1LnmoM9
    Jun 24, 2015. 10:57 AM | 1 Like Like |Link to Comment
  • Linn Energy: The Earnings Reporter Edition [View article]
    BTW, a working interest means LINE will share in the costs of the venture. So, the 15 to 50% working interest does not mean a 15 to 50% share in revenue with no costs to LINE.
    Jun 24, 2015. 03:53 AM | 1 Like Like |Link to Comment
  • Linn Energy: The Earnings Reporter Edition [View article]
    @Kirby,

    " Again WHY does the company have to pay the bonds and loans back under your short term schedule."

    You simply lie and distort the truth.

    Lie: Linn is paying down debt,

    Truth: Linns' long term liabilities balance has increased every year, with the exception of 2009, since going public.

    Long term liability balance:
    2005 $241,198,000
    2006 $447,337,000
    2007 $1,538,335,000
    2008 $1,723,504,000
    2009 $1,678,947,000
    2010 $2,829,824,000
    2011 $4,077,819,000
    2012 $6,200,926,000
    2013 $9,360,804,000
    2014 $10,897,359,000

    Nine years of increasing debt is not "short term".

    Some of your "facts" are lies, and other "facts" distort the truth so to mislead, such as your statement that Linn has $2.1 billion worth of hedges. The full truth is that it has $2.1 billion worth of hedges which offset the $2.1 billion in losses on its hedged production. The net result is a big fat zero as far as profit is concerned. The hedges simply provide for stable cash flow. Then you have posted LINE's distribution history for different periods a number of times which only show the history since LINE cut the distribution. That is misleading. Then you have posted that LINE's production increased 2% in the 1st quarter, but fail to point out that such increase is due to past efforts which don't reflect the current 65% cut back in capital expenditures which will inevitably result in production decline in future quarters. Again, misleading. Then you state, several times that I am short on LINE, which is a total lie. Then you call me a "negative nelly" by pointing out LINE's debt history and show financial ratios as it pertains to that debt and say that nine years of ever increasing debt is "short term".

    You say LINE has great management, but when they don't look good with performance measures they, themselves, have established, they do away with the measure. I have to question whether management really knows what they are doing.

    http://bit.ly/1dforDO

    Your "facts" exposed for what they are: lies and distortions of the truth.

    The Acquisition Co agreement was made, for the first time in Linn's history, because Linn doesn't have the capital itself to acquire more assets. Its debt load is too high and its cash flow too low. Linn will only receive a working interest in this joint venture of between 15 to 50%. Investment hurdles must be met before Linn gets anything above this.

    http://bit.ly/1LlAQEe

    This is not a resounding vote of confidence in the company, but a sign of a company under significant stress which doesn't have the capital by itself to make further acquisitions.
    Jun 24, 2015. 03:16 AM | Likes Like |Link to Comment
  • Linn Energy: The Earnings Reporter Edition [View article]
    @Kirby,

    I already know your opinion, I was asking Raw Energy.

    LINE's long term debt increased in 1st Qtr. It did not decline. Look at the balance sheet and cash flow statement, if you can read them.

    Talk about a cheerleader. The author has rightly pointed out the relentless posting of some bears. However, there is also relentless and useless posting by Kirby. Repeating the same junk (LINE is paying down debt, which is a lie, its distribution history, etc) over and over. It is old, already.
    Jun 23, 2015. 09:17 AM | 1 Like Like |Link to Comment
  • Linn Energy: The Earnings Reporter Edition [View article]
    Raw Energy,

    What do you think the odds are of the distributions being suspended with the credit and asset value redetermination in October if oil and gas prices stay about where they are at now?

    Is it a likely scenario for creditors to require LINE to focus on paying some debt off, rather than using that cash to pay the distribution?
    Jun 23, 2015. 07:26 AM | Likes Like |Link to Comment
  • Linn Energy: The Earnings Reporter Edition [View article]
    Thanks Raw Energy. You saved me a post and stated it better.
    Jun 23, 2015. 07:19 AM | Likes Like |Link to Comment
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