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marpy

marpy
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  • Report: Keystone XL rejection could come by Labor Day weekend [View news story]
    I suppose rail that runs through major population centers makes more sense to him than a far safer pipeline built to the highest standards.
    Aug 27, 2015. 02:24 PM | 1 Like Like |Link to Comment
  • Report: Keystone XL rejection could come by Labor Day weekend [View news story]
    I agree and as long as they are transporting Huge amounts of oil by rail, it is needed as it is far safer and avoids going through major population centers like the rail roads do.
    Aug 27, 2015. 02:21 PM | 3 Likes Like |Link to Comment
  • Report: Keystone XL rejection could come by Labor Day weekend [View news story]
    Regardless of the outcome, 7 years of waiting is a total joke! Obama has been totally pathetic on this one so why would he even bother making a decision - just keep on punting and the next administration will make a decision - rather quickly at that.
    Aug 27, 2015. 02:19 PM | 2 Likes Like |Link to Comment
  • China Is Still A Success Story (And Jim Chanos Was Wrong) [View article]
    People need to realize that you only lose money when you sell at a loss. If you are holding quality stocks that are paying a decent dividend, then there is no need to sell when the market is correcting if you missed getting out early - you can wait.
    As far as China is concerned, a lot of the numbers coming out of China really do not mean much but some sources of information do give some good insight. I noticed while reading in Platts today that China's purchase of base metals (nickel and copper) are ramping up considerably. from other sources, i notice that they are still purchasing a lot of gold and iron ore and oil purchases are up considerably.(These sources have one thing in common - they are not dependent on data from China)
    As for all the problems being related to the switch from an export to internal consumption based economy - I do not buy this for the following reasons. A lot of the export markets that they sell to have been in the economic dog house (think Europe, resource producers and are's where we have political turmoil). As such, China's exports were bound to take a hit and their move to being more focused on internal consumption would lower the impact and actually be positive overall.
    What people need to remember is that the talking heads that they listen to every night all repeat the same thing and generally have no clue as to the validity of the script they are reading. The best that can be said about them is that they are entertainment.
    What China's increased purchases of the raw materials that drive their economic engine is telling me is that they are taking advantage of low prices and getting ready for the next leg up as the wold sorts out the problems that have created the current slump ;-)
    JMO
    Aug 26, 2015. 10:11 AM | 2 Likes Like |Link to Comment
  • What Every Investor Must Know About China [View article]
    good article! People need to realize that you only lose money when you sell at a loss. If you are holding quality stocks that are paying a decent dividend, then there is no need to sell when the market is correcting - you can wait.
    As far as China is concerned, a lot of the numbers coming out of China really do not mean much but some sources of information do give some good insight. I noticed while reading in Platts today that China's purchase of base metals (nickel and copper) are ramping up considerably. from other sources, i notice that they are still purchasing a lot of gold and iron ore and oil purchases are up considerably.
    As for all the problems being related to the switch from an export to internal consumption based economy - I do not buy this for the following reasons. A lot of the export markets that they sell to have been in the economic dog house (think Europe, resource producers and are's where we have political turmoil). As such, China's exports were bound to take a hit and their move to being more focused on internal consumption would lower the impact and actually be positive overall.
    What people need to remember is that the talking heads that they listen to every night all repeat the same thing and generally have no clue as to the validity of the script they are reading. The best that can be said about them is that they are entertainment. ;-)

    JMO
    Aug 26, 2015. 09:49 AM | 2 Likes Like |Link to Comment
  • Encana: Haynesville Transaction Is One Of The Best In Energy TTM [View article]
    ECA does have Alberta exposure but a lot of ECA's plays are in BC and the US.
    Aug 25, 2015. 07:14 PM | 1 Like Like |Link to Comment
  • Encana to sell Louisiana natural gas assets for $850M [View news story]
    http://bit.ly/1UaTzn2

    Its a good deal for ECA
    Aug 25, 2015. 10:26 AM | Likes Like |Link to Comment
  • Encana to sell Louisiana natural gas assets for $850M [View news story]
    Haynesville is a very deep field and ECA still has a huge amount of natural gas lands if needed going forward. They are using the cash to pay down debt which puts them in a much stronger position.
    Aug 25, 2015. 10:05 AM | 1 Like Like |Link to Comment
  • Encana to sell Louisiana natural gas assets for $850M [View news story]
    My understanding is that the cash will go towards further paying down debit. Money already slated to be spent on Haynesville will go towards other plays.
    Aug 25, 2015. 10:01 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Panic In China Reverberates [View article]
    lots of places have "lemon laws" that should be of some help to them.
    Aug 24, 2015. 08:34 AM | 3 Likes Like |Link to Comment
  • The Keystone XL Pipeline, Derailed? [View article]
    Obama will be history next year and hopefully the next administration will have more common sense about sums up the situation on Keystone and many other issues facing America!
    Aug 21, 2015. 10:04 AM | 3 Likes Like |Link to Comment
  • The Keystone XL Pipeline, Derailed? [View article]
    You are confused. Look at ownership in the oil sands and you see many American companies and share holders. I suppose you prefer the oil you get from American hating Venezuela and the middle east over getting oil from you historic partners and friends.

    Lots of very confused greens out there!!!!
    Aug 21, 2015. 10:02 AM | 4 Likes Like |Link to Comment
  • The Keystone XL Pipeline, Derailed? [View article]
    Not correct - most refineries want the heavy oil for 2 reasons. 1) they are configured to handle it. 2) they get it for cheap enough so that it is more profitable to process than the lighter oil.
    Aug 21, 2015. 09:57 AM | 1 Like Like |Link to Comment
  • The Keystone XL Pipeline, Derailed? [View article]
    Your numbers are not correct - Many producers of Canadian heavy oil have costs under $40 / barrel.
    Aug 21, 2015. 09:54 AM | 1 Like Like |Link to Comment
  • Crude Oil: Where Is The Bottom? [View article]
    The wild card is the Saudis - will we see $20 oil?? the question really is - do the Saudis want $20 oil?
    Aug 21, 2015. 09:47 AM | 2 Likes Like |Link to Comment
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