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  • Obama: "Extraordinarily dirty" oil extraction is reason for Keystone concern  [View news story]
    Marpy, no disagreement on demand for Canadian select, a lot of refineries are optimized for it, but it doesn't displace the Venezuelan or Saudi heavy.
    Mar 8, 2015. 11:36 AM | Likes Like |Link to Comment
  • Stocks slide as jobs report ups fears the Fed may raise rates as soon as June  [View news story]
    So the Fed needs to slow down the "overheated" economy because too many citizens are finding work? Bond traders, real or algo, panic as always, and as always, prematurely. Reality is a lot less dramatic.
    Mar 6, 2015. 07:12 PM | 4 Likes Like |Link to Comment
  • Obama: "Extraordinarily dirty" oil extraction is reason for Keystone concern  [View news story]
    The Venezuelan government owns Citgo, on of our largest refineries. Citgo imports Venezuelan crude and will continue to do so, XL or not. Another major refinery. Motiva, is half owned by Saudi Aramco. Obviously they use Saudi heavy. There won't be a lot of displacement from the XL. Maybe some Mexican crude.
    Mar 6, 2015. 07:03 PM | Likes Like |Link to Comment
  • Yields heading south, but nobody wants REITs  [View news story]
    Good question cp. rates on Govt issues won't be competitive with REITs for an awfully long time.
    Feb 24, 2015. 03:49 PM | 4 Likes Like |Link to Comment
  • Crude Oil: EIA Report Not As Bad As It Might Seem, But Still No Inflection Point  [View article]
    Unsustainable because the cash flows from drilling new wells is negative and a company can only do that for a limited period of time. Even the best drillers, like EOG and APA are cash flow negative now. Production drop has to do with the nature of decline rates in shale. 70% in the first year. Fewer new wells drilled, the decline rates come into play. APA, for instance is cutting their rig count by 70%. For now, companies will drill only their best prospects, but won't be exploring away from their core properties. What would make shale production sustainable at $75 or $50 or whatever is a dramatic drop in drilling and completion costs. rig rates, pressure pumping, proppant costs, cementing, gathering etc.
    Feb 21, 2015. 10:10 AM | Likes Like |Link to Comment
  • Crude Oil: EIA Report Not As Bad As It Might Seem, But Still No Inflection Point  [View article]
    $10-20-30.....doesn't really matter because everyone knows it is unsustainable....$75 is what the market is using to value oil companies now.....with the ferocity of the cutbacks on capex; EOG, APA etc. when shale production does slow it's likely to decline a lot faster than most expect due to decline rates, curtailed drilling and practically no exploration.....keep buying dips.
    Feb 20, 2015. 01:27 PM | Likes Like |Link to Comment
  • GM recalls +81K cars for power steering problem  [View news story]
    These cars are 8-9 years old.
    Feb 15, 2015. 09:15 AM | 3 Likes Like |Link to Comment
  • Zeits Crude Oil Review: February 11 EIA Report Was Neutral, But Failed To Instill Optimism  [View article]
    Markets look forward, right or wrong. Cutting rigs eventually cuts production.
    Feb 15, 2015. 09:12 AM | 2 Likes Like |Link to Comment
  • Cybersecurity stocks rally after Anthem breach (updated)  [View news story]
    Buy the dip on earnings, if that's what happens.
    Feb 9, 2015. 09:20 PM | Likes Like |Link to Comment
  • Stratasys: Major Warning Sets Up Future Buying Opportunity  [View article]
    So you sprung for a 3-D printer on your desk top. What are you doing with it?
    Feb 3, 2015. 04:28 PM | 2 Likes Like |Link to Comment
  • Stocks turn lower as Fed hints at possibility of speedier rate hike  [View news story]
    Hasn't anyone noticed all the layoff announcements in the last couple of weeks?
    Jan 28, 2015. 06:41 PM | 6 Likes Like |Link to Comment
  • Oil prices could rise sooner than expected, Hamm says  [View news story]
    Companies and finance are pulling back very quickly, particularly financing. No financing, no drilling.
    Jan 28, 2015. 06:31 PM | 2 Likes Like |Link to Comment
  • OPEC official says crude prices may have bottomed, warns of spike to $200  [View news story]
    He's from Libya, not Saudi Arabia.
    Jan 26, 2015. 06:03 PM | Likes Like |Link to Comment
  • MicroStrategy -6.7% on revenue miss, license plunge  [View news story]
    Welcome to software as a service.
    Jan 26, 2015. 05:56 PM | Likes Like |Link to Comment
  • U.S. rig count down another 43 units for eighth straight week of losses  [View news story]
    If the Saudi's keep this up long enough to damage the producers sufficiently, economically and physically through forced asset neglect. they can guarantee themselves 10 years of $100 crude when they are done.
    Jan 24, 2015. 07:59 PM | Likes Like |Link to Comment