Approving the Keystone XL (TRP) pipeline could boost U.S. global warming emissions by as much as 0.3%/year, a CRS report says - not exactly "game over" for the climate but still like putting 4M extra passenger cars on the road. But it's not just Keystone XL; there are plans to send 3.1M bbl/day of oil sands from Alberta to export markets, ~5x as much as Keystone XL. [View news story]
CRS is a biased green group with no real credibility. The oil will be produced i suspect that shipping it to China would produce a lot more green house gasses than pumping it to Texas. Shipping it to China will also have the added negatives of Reduced US energy security, higher gasoline prices, and losr American jobs but these clowns never mention these things do they.
5 Reasons Why Chesapeake Shares Should Be Sold [View article]
Natural gas longs holding Chesapeake should consider Encana. Large natural gas producer making many of the same moves as CHK without the management headaches. I am Long eca.
I Want A Change In Leadership At Chesapeake Energy [View article]
I would look at Encana ECA - same situation as CHK (Huge unconventional undervalued North American natural gas play) without the management headaches. I am long ECA.
Mexican President Calderon sees no need to investigate allegations of bribery at Wal-Mart's (WMT) Mexican unit (WMMVF.PK) as this sort of thing is standard operating procedure in the country. OK, the President didn't say that, but did say the issue is a local matter. Meanwhile the DOJ rolls into action. [View news story]
Right on Kevin - If we condon corruption in places like Mexico, then it will not be long till the rest of North America becomes just like Mexico. As for Calderon's comments - well it all starts from the top does it not!!
Goldcorp's Bad Community Relations Could Sink Stock [View article]
definitely a "greenie" article here! In the case of IVN - they have not even started mining yet and the water they will be using will be coming from very deep aquifers that the people have no access to. As well, they will be making some of this water available to the people actually increasing water availability. Not familiar with the others but if it is as accurate as the IVN Info I would have to describe it as biased and incorrect.
Forget Chesapeake, Try Encana - If You Dare [View article]
For the contrarian Investor, ECA is the place to be. As stated in the article: Encana is one of the most efficient producers in North America. Although natural gas prices are hitting new lows, 60% of Encana's 2012 production is hedged at $5.80/mmbtu level. It also does not suffer the same management risk as Chesapeake. It provides an attractive yield of over 4%, but faces sustainability questions if natural gas prices continue downward. Also note that the big Producers like ECA have the ability to make deals with Foriegn companies that take a longer term view on natural gas. These deals are all structured to lower costs and ECA has done a number of large deals with more to come. This gives them as sizable edge over the smaller players. Long ECA
Investors Overreact To Chesapeake CEO Loan Scandal [View article]
As I have said before - In natural gas, I would by Encana (ECA) over Chesapeak. ECA is way better governed, has over 50% of 2012 and 25% of 2013 production hedged and has a similar strategy to CHK in making deals with 3rd parties, lowering costs and moving to liquids. Yes I am a holder of ECA shares.
SouthGobi/Chalco/Ivanhoe Deal Possibly Blocked: Is Mongolia's Investment Climate Ready For The Global Stage? [View article]
As RF will now be just a large minority share holder, the latest changes should make it easier for him to sell his shares to a player other than RIO. This sis adouble edged sword as it tells us that RIO may not have been willing to pay what RF wanted for his stake while at the same time making it easier for one of the other large miners to get a foothold in OT and perhaps put an offer on the table to the other minority holders. JMO
All Chesapeake Bulls Can't Be Right [View article]
natural gas will not stay down for ever as the cheap price is attracting a lot of petro chemical plants, electricity generators are switching, we are starting to see conversion of transportation fleets and drilling is dropping off. Having said this, it could take a while for the prices to rebound and this could be more problamatic for chesapeak than other producers as my understanding is that they are completely unhedged. As such, I prefer Encana (ECA) as they are taking a lot of similar steps to CHK but are heddged for over 50% of production this year and 25% next year. JMO
Natural Gas Might Produce A Fracking Miracle In 2013 [View article]
Since fraccing as those wells in waiting amounts to one big losing proposition, what makes anyone think that the compannies will spend the money to fracc even half of them?
"What we've observed in the employment figures is not recovery, but desperation," writes John Hussman. Of the 1.84M gain in payrolls since the recession's "end," 2.96M jobs have gone to workers 55+, while employment for those under 55 has shrunk by 1.12M. By shorting savers of interest income and promoting repeated booms/busts - but no durable returns - "the Fed has successfully provoked job growth of the obligatory, low-wage variety." [View news story]
Greenspan was the big easy money disaster. Bernanke is just trying to put Humpty Dumpty together again.
"What we've observed in the employment figures is not recovery, but desperation," writes John Hussman. Of the 1.84M gain in payrolls since the recession's "end," 2.96M jobs have gone to workers 55+, while employment for those under 55 has shrunk by 1.12M. By shorting savers of interest income and promoting repeated booms/busts - but no durable returns - "the Fed has successfully provoked job growth of the obligatory, low-wage variety." [View news story]
And the biggest employers are - Walmart, MacDonaldsand Burger King. This worked for a while when the logic of living in a fools paradise ruled and you could buy a 300k house while earning minimun wage or having no job at all but those times are over. These carpet baggers have screwed savers and investors for a long time and now this traditional back bone of the ecomony is fed up and not willing to play the game any more!!!!
Ivanhoe Mines' Share Price: Should It Go Down Like This? [View article]
Lots of politics at play here. This project has had the crap drilled out of it and so I would expect that grades and production costs were well known before any recent report. Also well known is that this ore body is a lot bigger than what is currently stated. More details are needed here such as who issued the report, why was it issued prior to Tinto approval etc. Still long IVN and view this as a buying Opportunity.
5 Mega-Cap Stocks Being Sold Off By Hedge Funds [View article]
I read an article the other day that basicly said that Buffet had made a million dollar bet related to hedge funds vs a regular fund. So far Buffet is kicking hedge fund arse!!!!!!!! ;-) Small potatoes for Buffet (entertainment money) but still interesting.
Approving the Keystone XL (TRP) pipeline could boost U.S. global warming emissions by as much as 0.3%/year, a CRS report says - not exactly "game over" for the climate but still like putting 4M extra passenger cars on the road. But it's not just Keystone XL; there are plans to send 3.1M bbl/day of oil sands from Alberta to export markets, ~5x as much as Keystone XL. [View news story]
These Oversold Stocks Have Earnings Next Week [View article]
5 Reasons Why Chesapeake Shares Should Be Sold [View article]
I Want A Change In Leadership At Chesapeake Energy [View article]
Mexican President Calderon sees no need to investigate allegations of bribery at Wal-Mart's (WMT) Mexican unit (WMMVF.PK) as this sort of thing is standard operating procedure in the country. OK, the President didn't say that, but did say the issue is a local matter. Meanwhile the DOJ rolls into action. [View news story]
Goldcorp's Bad Community Relations Could Sink Stock [View article]
Forget Chesapeake, Try Encana - If You Dare [View article]
Encana is one of the most efficient producers in North America. Although natural gas prices are hitting new lows, 60% of Encana's 2012 production is hedged at $5.80/mmbtu level. It also does not suffer the same management risk as Chesapeake. It provides an attractive yield of over 4%, but faces sustainability questions if natural gas prices continue downward.
Also note that the big Producers like ECA have the ability to make deals with Foriegn companies that take a longer term view on natural gas. These deals are all structured to lower costs and ECA has done a number of large deals with more to come. This gives them as sizable edge over the smaller players. Long ECA
Investors Overreact To Chesapeake CEO Loan Scandal [View article]
SouthGobi/Chalco/Ivanhoe Deal Possibly Blocked: Is Mongolia's Investment Climate Ready For The Global Stage? [View article]
All Chesapeake Bulls Can't Be Right [View article]
Natural Gas Might Produce A Fracking Miracle In 2013 [View article]
"What we've observed in the employment figures is not recovery, but desperation," writes John Hussman. Of the 1.84M gain in payrolls since the recession's "end," 2.96M jobs have gone to workers 55+, while employment for those under 55 has shrunk by 1.12M. By shorting savers of interest income and promoting repeated booms/busts - but no durable returns - "the Fed has successfully provoked job growth of the obligatory, low-wage variety." [View news story]
"What we've observed in the employment figures is not recovery, but desperation," writes John Hussman. Of the 1.84M gain in payrolls since the recession's "end," 2.96M jobs have gone to workers 55+, while employment for those under 55 has shrunk by 1.12M. By shorting savers of interest income and promoting repeated booms/busts - but no durable returns - "the Fed has successfully provoked job growth of the obligatory, low-wage variety." [View news story]
Ivanhoe Mines' Share Price: Should It Go Down Like This? [View article]
5 Mega-Cap Stocks Being Sold Off By Hedge Funds [View article]