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marpy

marpy
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  • TransCanada mulls rail bridge if Keystone delays continue [View news story]
    Obama is to stuck in his ideology for common sense to mean anything. Depending on who's numbers you use, oil sands crude results in anywhere from 4% to 14% more green house gas intensive than regular crude and some of the heavy crude's produced elsewhere are way worse than Canadian oil sands crude. With the steady improvements being made, the producers are all moving towards that 4% number and better. When you think about it, 4% is not at all a big deal and really shows you how blinding the greens ideology is. There are far bigger sources of green house gas emissions out there and yet they put such a huge focus on the oil sands. As they say, always follow the money and so the question is - Who benefits from reduced oil sands production - Arab oil producers, Venezuela , Russia - just to name a few. The green's anti oil sands lobby is a business just like any other business and the anti oil sands stand is a much bigger money maker than all the other more worth while causes combined.
    Dec 18 02:02 PM | 3 Likes Like |Link to Comment
  • Falling iron ore, recovering steel bad news for ArcelorMittal, Nomura says [View news story]
    i need more analysts to downgrade MT so that I can buy more cheaper! ;-)
    Dec 17 08:43 PM | 1 Like Like |Link to Comment
  • Rep. Ryan floats tying Keystone XL to raising debt ceiling [View news story]
    How could a large project like the keystone pipeline not be related to the deficit and debt??? A go ahead on this project would increase income tax and other tax receipts for all levels of government and last I heard, one of the keys to reducing debt and deficits was to increase revenue.
    Dec 17 06:14 PM | 3 Likes Like |Link to Comment
  • Commodities Today: Foreign Diplomacy And America's Need For Energy Exports [View article]
    ECA is definitely being overlooked - huge potential there as they have huge deposits in Canada as well as America. Canada seems to be less restrictive as far as exports are concerned and have already approved a number of very large projects.
    Dec 17 03:43 PM | 1 Like Like |Link to Comment
  • Commodities Today: Foreign Diplomacy And America's Need For Energy Exports [View article]
    While Russia produces natural gas for well under a dollar/ MCFM, off shore transport of North American natural gas needs at least $10 per MCFM to make sense so as far as using it to influence, there is a bit of a leverage problem price wise. Also Russia can reach a huge number of Markets by pipeline (cheep preferred method of delivering natural gas) while the America can only ship to Mexico and Canada by pipe and both are large energy producers as well.
    Dec 17 03:39 PM | 1 Like Like |Link to Comment
  • Encana Announces the Production Acceptance Notice at Deep Panuke Offshore Project [View article]
    Note that this 300 million cubic feet per day (MMcf/d) is currently sold at premium prices of well over $10/ mcfm.
    Dec 17 03:27 PM | Likes Like |Link to Comment
  • Keystone pipeline loses support from key customer [View news story]
    Tight oil is very expensive to produce (twice as expensive as the lowest cost oil sands producers). So if oil goes down to the $70/ barrel area, a lot of this type of oil becomes uneconomic. It is always best to ensure as many sources of supply for a product as possible as this ensures that it will always be available and keeps prices competitive. For these reasons, Keystone makes sense. As for Hamm, I suspect that at $70 oil his company may be in deep du-du! ;-) JMO
    Dec 17 03:18 PM | 2 Likes Like |Link to Comment
  • How Low Will Turquoise Hill Go? [View article]
    With respect to "The fact that Turquoise Hill surpassed projected first-phase costs by about $2 billion, shows something unexpected happened, or those working on the estimate didn't do an accurate survey of the overall costs." I would have to disagree. First of all, my understanding is that the 2 billion number is the GOM estimate and has nothing to do with reality. Secondly - if you look at all the other major mining projects that were being built at the time, they all went over budget and many, percentage wise, by way more than even the GOM estimate for OT. With respect to OT, the cost over runs and the possible cost over runs for phase 2 are only issues because the GOM needs an excuse to try and justify their actions. It should also be noted the TRQ and Rio Tinto also have a very solid investment agreement enforceable in Courts outside of Mongolia. Monetarily, this may currently not be worth much with a country that is more or less insolvent as Mongolia but as the future is very long, it does IMO give TRQ and Rio Tinto a great deal of leverage. I am long TRQ and IMO if the situation does not improve with the current government, the next election is in 2016. By then the people may have grown tired enough of the poverty and currency depreciation caused by the current government to vote for a more pro western government. JMO
    Dec 17 11:32 AM | 2 Likes Like |Link to Comment
  • Falling iron ore, recovering steel bad news for ArcelorMittal, Nomura says [View news story]
    Analysts have many reasons for making the calls they do and many times the investors best interest is not one of them. Lower raw material prices tend to mean increased margins on the finished product side and as such, I do not see this as that big a deal. We are also looking at improvement in China, North America and Europe which should be positive for steel. JMO - Long MT
    Dec 17 09:34 AM | Likes Like |Link to Comment
  • Cowen upgrades U.S. Steel, ArcelorMittal on rising steel prices [View news story]
    Picked up some MT yesterday - In it for the longer term as short to medium term is anyone's guess. I will buy more if it drops.
    Dec 13 03:14 PM | Likes Like |Link to Comment
  • Cenovus to cut capex 13%, expects oil production to rise 10% [View news story]
    The article in link below gives you a good idea of where CVE is heading.

    http://bit.ly/1kG1ze2
    Dec 13 09:28 AM | Likes Like |Link to Comment
  • Cenovus to cut capex 13%, expects oil production to rise 10% [View news story]
    Good move by CVE to stay ahead of the game by focusing on keeping costs low and their most promising assets and still increasing production. Any surprises should be on the up side. I am long CVE.
    Dec 12 09:50 AM | Likes Like |Link to Comment
  • Encana to spend $2.4B-$2.5B in 2014, grow liquids production by 30% [View news story]
    When it comes to production and earnings,Encana generally issues conservative plans and the surprises positively.
    Dec 11 02:04 PM | Likes Like |Link to Comment
  • Vapor Corp.: An E-Cigarette Company With 85% Upside [View article]
    E-cigs are an excellent concept - It makes no sense at all for nicotine addicts to smoke regular cigarets with all the carcinogens when e-cigs are available. I suspect that they will be regulated just like regular cigarets all over but again for those that have to smoke, they are far better than the regular cancer sticks! JMO
    Dec 9 05:07 PM | 2 Likes Like |Link to Comment
  • Costco's Earnings Preview: Rise In Membership Will Lead To Steady Growth [View article]
    On line sales to a certain extent tend to cannibalize warehouse sales. I know a lot of the time I ordered on line from Costco what I would have otherwise bought at the warehouse. It was actually cheaper on line and they take credit cards other than American express. They also delivered to the door saving me the trip. Which brings another problem with on line as people tend to buy other things not on their list when in the store. I do think Costco is a great company though - good prices, pay higher wages and very profitable - win all around! JMO
    Dec 9 05:02 PM | 1 Like Like |Link to Comment
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