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  • Crude closes below $92 on demand woes, energy shares hit [View news story]
    Refiners benefit only if the price of refined products hold up. Gasoline and diesel. The reason the refiners are getting his today is that Larry Summers came out in support of ending the oil export ban. Which would deprive our refiners of the value added processing from exporting products.
    Sep 10 04:09 PM | Likes Like |Link to Comment
  • Chipotle's turn for an employee protest [View news story]
    Support the employees. They're the ones doing all the work. Assistant manager at CMG turns out to be the sme job as the people on the line but no overtime. CMG now has lots of "assistant managers".
    Sep 10 03:51 PM | 1 Like Like |Link to Comment
  • Alaska LNG project moves forward with FERC ruling [View news story]
    British Columbia would certainly be closer. might not be cheaper after all interested parties get done fooling around, if they ever do. Australia is certainly closer but is having huge cost problems. As is evident with the continental US projects that are approved and signing contracts, the pricing scheme is critical. Henry Hub (or whatever) plus or oil linked. Insistence on oil linked pricing has badly hurt Kitimat and several Australian projects. Pricing scheme for this Alaskan concept is not presently known.
    Sep 8 07:46 PM | Likes Like |Link to Comment
  • Enterprise, Kinder Morgan to gauge demand for new pipelines [View news story]
    Badly needed takeaway for the Utica and Bakken. The only relationship to the XL is the XL failure just exacerbates the need for a dedicate Bakken pipeline. A change in the administration won't affect either of these projects.
    Sep 6 01:36 PM | 2 Likes Like |Link to Comment
  • Q&A: Should I Leave Chicago Bridge & Iron Alone? [View article]
    The problem with your article and comment is that you continue to inject inflammatory and incorrect innuendos like "creative accounting". GAAP purchase accounting is not creative. It's straightforward and required under generally accepted accounting principles as set by the FASB. It's not "unethical" or "misleading", and doesn't indicate that "management is not as experienced or ethical as first presumed." Enough with the innuendos.
    Sep 1 08:01 PM | 3 Likes Like |Link to Comment
  • EU to draw up next round of Russian sanctions [View news story]
    Sold; If you don't like democracies maybe you should be somewhere else! Vladimir would be happy to have you.
    Sep 1 06:02 PM | 1 Like Like |Link to Comment
  • Russia, Ukraine to hold new gas talks [View news story]
    This is more than just oil/gas money, which is cerainly inhvolved. Russian nationalism, fear of NATO, Russia's only warm water port, Putin's aspirations. A major factor is continually losing influence to NATO aligned countries, ala Poland. In particular, Putin and co. fear the Russian navy being hemmed in by NATO in the Black Sea. Take a look at the map of the Black Sea. Crimea is the Russians only warm water (doesn't freeze over in the winter), Moldova, Bulgaria, Romania are at risk here.
    Sep 1 03:50 PM | 3 Likes Like |Link to Comment
  • Shale producers' improving finances lift growth hopes [View news story]
    They become self funding, not dependent on the debt markets, equities become more attractive as growth vehicles, stable cash generators. more attractive as targets for larger oil companies looking to make profitable investments like COP, APA etc. and other shale drillers trying to emulate PXD, WLL etc., consolidation more likely, lease valuations rise on derisked properties. All made possible by new completion techniques bringing falling well costs and rising production rates. Longer laterals, more proppant, slick water fracs. More demand for pressure pumping, optimized rigs and proppant. PTEN, HAL, SLCA etc.
    Aug 26 09:40 PM | Likes Like |Link to Comment
  • Q&A: Should I Leave Chicago Bridge & Iron Alone? [View article]
    Another silly article on CBI. There is no accounting problem except that Prescient et. al don't understand accounting. They do have an audit committee and do meet with outside auditors. There are two issues with CBI. 1) Have all the big LNG projects that are likely to be built been already contracted? CBI was percieved as an LNG play at one point. and 2) Did CBI overpay for Shaw? #1) CBI does a lot more than LNG but the bulge of contracts is likely past, as expected. That's not news and should be in the stock at this point #2) Shaw does maintenance for 40% of US reactors. They do have a troubled US project, which was troubled when CBI bought the company. That's not news either. They are building 5 reactors for the Chinese and there's probably more business there. This seems ignored by the market. Being short CBI doesn't make sense at this price. At minimum it's a good trade on the long side.
    Aug 26 09:23 PM | 10 Likes Like |Link to Comment
  • Chevron's Gorgon LNG project struggles to lock in buyers [View news story]
    Gorgon is having problems, Wheatstone is having problems, Apache wants out of Kitimat. Cheneire looks better all the time. Legendary value investor, Seth Klarman (Baupost) bought a bunch more last Q.
    Aug 25 08:40 PM | 2 Likes Like |Link to Comment
  • Ending oil export ban would mean cheaper gasoline, Conoco exec says [View news story]
    Better we capture the value added in downstream operations rather than have someone else capture that value, avoiding the resource economic trap.
    Aug 25 08:35 PM | 2 Likes Like |Link to Comment
  • Update: Penn Virginia - Revises Production Guidance [View article]
    PVA also has a new presentation on the website. It has the controversial EUR's from the independent reservoir analyst. Nobody can accuse managenebt of being promotional, quite the reverse, actually. I wouldn't mind knowing what is delaying the completions.
    Aug 25 03:31 PM | Likes Like |Link to Comment
  • Chicago Bridge pops as Berkshire adds to stake [View news story]
    There are no accounting discrepencies, and never were. That's what Berkshire just explained to you. So far Prescient has a perfect track record. Perfectly wrong. Zero batting average.
    Aug 20 01:10 PM | 1 Like Like |Link to Comment
  • Weighing The Week Ahead: Time For Central Bankers To Unwind? [View article]
    Inflation=wage/price spiral. Janet watches wages, underemployment etc. very carefully. No wages, no price inflation. Like trying to get blood out of a stone. Wall Street is always in a hurry to get everything over and done. "Life does not start and stop at your convenience." From Walter in the big Lebowski. Fading the Fed will continue to be an exercise in frustration.
    Aug 17 01:17 PM | 1 Like Like |Link to Comment
  • Reports of escalation in Ukraine send markets south [View news story]
    Every time you see a headline that tensions have eased and Putin is concillatory ignore it. This situation has a long ways to go. Vladimir isn't going to just walk away. Same with Iraq, things are just getting started there.
    Aug 15 04:09 PM | Likes Like |Link to Comment