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marpy

marpy
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  • Oil Doomsayers Were Wrong In 2009: 4 Reasons Why They Are Wrong Now [View article]
    Shale well decline rates mean they will be pumping half or less in a years time unless they drill more wells.
    Jan 4, 2015. 04:57 PM | 1 Like Like |Link to Comment
  • Germany prepared to let Greece leave euro zone [View news story]
    Not all shale gas players are in the same boat. Even in the same plays, some operators are in way better shape than others. In the Haynesville Shale for example, my understanding is that Encana (ECA) is re fracking wells resulting in production that is profitable at $1 / MCFM . They also have most of their 2015 production hedged at $4 plus / MFCM. I am sure their are others in a similar situation as well. I am long ECA.
    Jan 4, 2015. 03:10 PM | Likes Like |Link to Comment
  • Germany prepared to let Greece leave euro zone [View news story]
    The problem is that the first currency devaluation will be 90% in one day!!!
    Jan 4, 2015. 02:54 PM | Likes Like |Link to Comment
  • Germany prepared to let Greece leave euro zone [View news story]
    What this would spell for Greece is a move to 3rd world status. Their currency would be worthless and as such they would have to pay for anything they import with gold, Euro's, U.S. dollars or other world currencies, all of which would be in very short supply as far as Greece is concerned. This would lead to hyper inflation and a very reduced standard of living for all its citizens and also lead to Chaos, riots and possible revolution. Not a very good out come. Germany is probably hoping that Greece does decide to exit as the end result would be a very strong message to some of the other problem Countries.
    Jan 4, 2015. 02:52 PM | 1 Like Like |Link to Comment
  • U.S. Senate puts Keystone pipeline bill on fast track [View news story]
    If its not needed, then why do you think all the big oil producing and refining states want it??? Because it is that's why.;-)
    Jan 2, 2015. 05:49 PM | 3 Likes Like |Link to Comment
  • U.S. Senate puts Keystone pipeline bill on fast track [View news story]
    The Pipeline is definitely needed and a positive for America and North American energy security. Without 67 votes, Obama will veto it but that just means that it will then be packaged with legislation that Obama will grudgingly pass. They are just setting the stage this time around.
    Jan 2, 2015. 05:45 PM | 7 Likes Like |Link to Comment
  • Why Saudi Arabia Doesn't Care If Oil Hits $20 [View article]
    To say the battle is against shale producers is to narrow a view. I do not think that the Saudis and their allies really care about where the cuts come from and logically it will be from the high cost producers around the world. There are also other plus factors for the Saudis such as the impact on Russia, Iran and others they consider threats. I suspect that they view the current situation as short term pain for long term gain and they have many reason for following their current course.
    Jan 2, 2015. 09:05 AM | 6 Likes Like |Link to Comment
  • Valero Energy: Cheap Oil Doesn't Stop Refiners [View article]
    A company the owns refining assets in the current oil market has a big plus. One such company that I own is Cenovus Energy (CVE) an oil sands producer with 50% interests in to US refineries. JMO
    Dec 30, 2014. 11:01 AM | 1 Like Like |Link to Comment
  • 50 Oil And Gas Companies And Their 2015 Capital Expenditures [View article]
    Putting this information in table form or at the very least putting the companies in alphabetical order would have made for a much more presentable article. As for who is cutting and who is not an by how much, you can IMO get ready for revisions to these numbers based on how the price of oil moves as time goes forward.
    Dec 30, 2014. 10:48 AM | 1 Like Like |Link to Comment
  • TransCanada Adds Eighth Solar Facility to Power Portfolio [View article]
    Good for the TRP shareholder but bad for the Ontario rate and tax payer. The 20 year power purchase agreement guarantees TRP makes a profit but the rates the province pays for the power is about 5 times the current rate of electricity. The Ontario government = a government gone astray and blinded by ideology.
    Dec 29, 2014. 10:46 AM | Likes Like |Link to Comment
  • Obama pooh-poohs Keystone pipeline benefits [View news story]
    No one believes much of what his "liar and chief" says anymore.
    Dec 28, 2014. 10:12 AM | Likes Like |Link to Comment
  • Is Saudi Arabia Targeting U.S. Shales? [View article]
    Shale is very capital intensive on an ongoing basis. You have to continually sink capital into it just to maintain production. When you look at decline rates, over half the wells being drilled are required just to maintain production.
    Dec 26, 2014. 11:52 AM | Likes Like |Link to Comment
  • Is Saudi Arabia Targeting U.S. Shales? [View article]
    The Saudis do not care where the cuts come from as long as its not from them or their allies. The news services are reporting a sizable build in US inventories. Its real easy for the Saudis and Gulf coast states to manipulate those numbers. All they have to do is send a couple of large tankers to Texas and put them it storage. The news services reporting is very shallow as they are all reporting the increase but no one is reporting the source of the oil. Those trying to drive this market do know how to pull strings.
    Dec 26, 2014. 11:46 AM | 2 Likes Like |Link to Comment
  • If You Own A Tesla Model S, Just Don't Dent It! [View article]
    No new technology in the tail lights. It reply was in answer to someone who used Prius tail lights as an example. The Tesla though has by far more new technology than most other cars though and although not clear, that was my point.
    Dec 26, 2014. 12:05 AM | Likes Like |Link to Comment
  • Natural Gas: Recent Move Provides A Great Contrarian Play [View article]
    Nothing in this world is perfect and with any extraction process like Fracking, you need safeguards. If fracking was so problematic, then large areas in places like Texas where it has been practiced extensively should by now be waist lands which they are not. When you look at problems in this industry, what we have are isolated incidents where some wells have caused problems and other incidents that amount to a farce or a fraud (area where the water problems were present before the first well where ever drilled). People need to wake up and see the reality of the situation and see the narrow minded, narrow focused green anti fracking lobby and the politicians that support it for the clowns that they really are.
    Safety - Yes, Stupidity - No about sums up where we need to go.
    Dec 25, 2014. 09:20 AM | Likes Like |Link to Comment
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