Poor positioning by portfolio managers is suggesting a near-term market pullback may be on the way, says BMO's Brian Belski. Right now he says they're inundated with questions from portfolio managers who are "clearly under-performing the market." When that happens, you know that managers are straying from their discipline. "When they stray," Bielski warns, "bad things happen, the market rolls over, you do emotional things and sell stock." [View news story]
Portfolio managers that are under- performing the market! ??? Last time I checked that was something like 90% of them!!!!! Nothing new there!!!
Jeremy Grantham Believes In High Oil Prices: Thinks Oil Sands Producers Are Bad Investments [View article]
In the production of the oil, 15% is the accepted number. It should be also noted that the producers are focused on improving this number and so it should be a lot less in the future.
TransCanada’s (TRP -0.4%) Keystone XL pipeline enjoys backing from a majority of Canadians and Americans polled by Ottawa-based Nanos Research in conjunction with a D.C.-based think tank. Respondents suggest securing a stable energy supply for North America should be a bigger priority than reducing carbon emissions. [View news story]
The reality of this pipeline is that it posses minimal risk and large rewards for America! Coal burning plants and tail pipe emissions pump out many times more green house gasses that the oil sands ever will. - Cheap feedstock for US refineries - meaning cheap gasoline and other products. -Will help move North America towards energy independence by displacing Venezuelan and Middle Eastern oil. - Sets a new standard and high marks for environmentally sound pipelines with the latest in leak detection and high strength steel. - Will create thousands of high paying construction jobs. - Will be built with steel and parts sourced in America. - Will create maintenance jobs and supplier jobs for the life of the pipeline. - will pay landowner royalty and state taxes in America for the life of the pipeline. - The oil comes from Alberta and Canada where improving environmental performance is standard practice and important and America has influence. - Many of the companies and shareholders developing the oil sands are American and Canadian. - The oil sands development will pump billions into the economies on both sides of the boarder helping to maintain standards of living and pensions and other programs that society relies on.
Overall - A very good deal for America, Canadians and Americans regardless of what the Ideologically driven greens may claim!!! Get it Built!!!
I suspect that one of the issues is that investors question whether the industry will stay disciplined enough to keep production at a level that will sustain prices. In this regard I believe Encana fired a shot across the bow of those who may take market share at any cost during their last yearly meeting. what Encana said was that they would be going back into the Haynesville and other plays and drilling the sweat spots where they can produce profitably at very low cost. What the bigger players like ECA and CHK have over a lot of the other players is lots and lots of cheap land which comes with being a "first mover" in a lot of the plays that they are in and this translates into lots of sweat spots. What this means for those who may be thinking of chasing market share is that the likes of ECA are in a very good position to keep their market share and still stay profitable. This is a strategy change for ECA who had previously looked at riding the low prices out while charging head strong into oil and liquids. The new strategy seems to based around ensuring profitability and prosperity over the long term based on developing their cheap gas and expanding into liquids and oils as the plays are proven profitable. This should be telling the rest of the industry something as a large producer like ECA can single handily drive Volumes in any direction they feel is needed to protect market share and their long term viability. JMO But I think the biggies have gotten tired of waiting and are now prepared to play a much harder game. ;-)
Jeremy Grantham Believes In High Oil Prices: Thinks Oil Sands Producers Are Bad Investments [View article]
Grantham is missing some important points - a couple of them being: -Technology and other improvements is steadily reducing the environmental impact of the oil sands based plants. - Technology and other improvements is also steadily reducing the cost of producing oil from the oil sands. (look at CVE's number for an example) - The most efficient oil sands producers can produce oil at around $30 per barrel verses $60 plus for a lot of the shale oil developments. - A successful North American energy strategy will require that all sources of energy be included in the mix - this means natural gas, conventional oil, oil sands, unconventional oil and renewable. JMO
The Keystone XL (TRP) pipeline would increase greenhouse gas emissions by the equivalent of 46 coal-fired power plants or 34M vehicles, groups fighting the project claim in a report. The finding, at odds with the environmental review by the State Department, says the project to carry ~830K bbl/day of Canadian tar sands oil would add 181M metric tons of gases tied to global warming. [View news story]
you are absolutely correct - they are selling junk so that it will break down and they can sell you more junk. My first furnace was a gas furnace and it ran for almost 40 years before I changed it. It was still running when I changed it actually. I replaced it with a medium efficiency furnace that was rated at over 80% efficiency and had to fix it 3 times in its first 15 years of operation. I also did not notice any difference in my energy bills either - so much for being more efficient. The additional costs of repair and shortened life spans of these products means that they greatly add to green house gasses and pollution in general. - Manufacturing process, delivery process, installation technicians and service technicians burning fuel to get to your house and the list goes on!!!,
Hope For Barrick Gold's Pascua Lama Project, Guidance On Gold Prices And Miners [View article]
IMO - The current situation is a "blip or correction" on the way up. A sizable one but still a "blip or correction". I do not understand why the miner do not wake up and learn to play it safe. Companies like Detour and Osisko could have used forward gold sales to do so and would have now been sitting pretty. Yes they may have given up some profitability down the road but they would have bought a much more secured future. There are many factors that can drive the price of a commodity wild in both directions in the short and even medium term. A lot of these factors are manipulated and fed upon by entities looking to profit from them and the week hands generally get caught in the cross fire and pay the price. When you look at Cyprus selling all its gold, you are not talking a lot of gold here. Governments in the past have announced way larger gold sales. Also when you look at Portugal, Spain and Italy, it is doubtful that they would sell all their gold and most certainly not at fire sale prices. I have also read that other central banks are looking at using the price drop to beef up their gold positions and IMO when push comes to shove, there are a lot more buyers than their are seller out there. The current situation will also put a crimp on future production as projects are cancelled and financing becomes very difficult to obtain. Most juniors have not been able to get any decent financing for some time now. The bottom line is that today's events will just drive future prices higher. JMHO
The Keystone XL (TRP) pipeline would increase greenhouse gas emissions by the equivalent of 46 coal-fired power plants or 34M vehicles, groups fighting the project claim in a report. The finding, at odds with the environmental review by the State Department, says the project to carry ~830K bbl/day of Canadian tar sands oil would add 181M metric tons of gases tied to global warming. [View news story]
Your head has been filled by the "junk science clowns" . Why don't you focus on coal burning power plants and tail pipe emissions - (by far the worse sources of green house gases). The Keystone pipeline displaces heavy oil from places like Venezuela and the middle east that have no environmental standards and will never improve anything (never mind the fact that these places have no use for Americans) with oil form Alberta where environmental standards are in place and improving every year and has a government that is committed to improvement of environmental standards. Doing something for the sake of blind ideology (the case for many of the greens) will not make America a better place. It will actually make it worse.
Although the article has some inaccuracies such as ECA still owning part interest in a 1.4 bcf/d LNG project at Kitimat, (this was sold) the article does have merit. When you look at their cash flow and the fact that nat gas has moved up in price, they have more than adequate money to continue to pay the dividend. Also ECA has recently changed its dividend policy offering a 2% discount to those in a DRIP plan (why bother doing this if planning to cut the dividend). yes it will help conserve cash that can be used for corporate purposes and IMO that is a good thing. The company has also changed strategy and is now focusing on its high return assets and sweet spots rather than a mad rush into more liquids or trying to maintain market share - in other words they are focusing on profitability. This IMO is the right thing to do as they have a huge land position with huge reserves in the ground and can easily switch to focusing on growth quite quickly when markets dictate. I hold ECA and definately agree that it is an excellent way to play the long term growth in nat gas while collecting a good dividend. JMO
The Keystone XL (TRP) pipeline would increase greenhouse gas emissions by the equivalent of 46 coal-fired power plants or 34M vehicles, groups fighting the project claim in a report. The finding, at odds with the environmental review by the State Department, says the project to carry ~830K bbl/day of Canadian tar sands oil would add 181M metric tons of gases tied to global warming. [View news story]
More greentard junk science. The oil will be produced with or without Keystone and so the pipeline has zero effect on greenhouse gasses. One could also argue that it will reduce green house gasses as it would displace oil being moved by diesel belching locomotives, places like Venezuela and the middle east with no environmental standards and oil delivered to the U.S. by diesel belching tankers!
Environmental Decision: Natural Gas Transportation Or Keystone-XL? [View article]
The pipeline would create many construction jobs in the US, maintenance jobs and supplier jobs for the life of the pipeline, pay US taxes and royalties to land owners for the life of the pipeline, and help with North American energy independence. Also - many of the companies developing the Alberta oil sands are American and even the non American companies have lots of American shareholders. The pipe line will also be moving oil produced in the American Midwest. So the bottom line is that there is a lot of benefits to Americans with this pipeline.
Environmental Decision: Natural Gas Transportation Or Keystone-XL? [View article]
5 or 6 years ago, the price of natural gas was up quite a bit and as such the economic incentive to convert was not there for most users. Another problem is that as soon as you get the government involved, then the price of conversion becomes 3 times what it should be - certification fees and all kinds of other crap that just drive the price up just like what happened the last time natural gas became a little popular as a vehicle fuel. The government should IMO promote the installation of the required filling stations and let the car manufacturers/ conversion shops do the rest in a competitive way. America needs both to happen if they are going to move towards energy independence - many millions of barrels per day over and above 830K are still being imported. JMO
How President Barack Obama's Economic Policies Could Impact The Market [View article]
The question is - Will Obama do the right thing for America and move towards jobs and energy independence or will he be swayed by the lefties and turn his back on America, its largest trading partner and best friend. The state department has already said that keystone will have zero environmental impact as the oil will be produced regardless but the greens are only driven by blind ideology and common sense seems to mean nothing to them. Canada like America is also committed to improved environmental performance and has made stride in this regard every year for some time. Will Obama leave a legacy behind or just a disaster of a poorer America more dependent on its enemies for energy???? North American nat gas and oil coupled with renewable s are the key here.
Poor positioning by portfolio managers is suggesting a near-term market pullback may be on the way, says BMO's Brian Belski. Right now he says they're inundated with questions from portfolio managers who are "clearly under-performing the market." When that happens, you know that managers are straying from their discipline. "When they stray," Bielski warns, "bad things happen, the market rolls over, you do emotional things and sell stock." [View news story]
Jeremy Grantham Believes In High Oil Prices: Thinks Oil Sands Producers Are Bad Investments [View article]
TransCanada’s (TRP -0.4%) Keystone XL pipeline enjoys backing from a majority of Canadians and Americans polled by Ottawa-based Nanos Research in conjunction with a D.C.-based think tank. Respondents suggest securing a stable energy supply for North America should be a bigger priority than reducing carbon emissions. [View news story]
The reality of this pipeline is that it posses minimal risk and large rewards for America! Coal burning plants and tail pipe emissions pump out many times more green house gasses that the oil sands ever will.
- Cheap feedstock for US refineries - meaning cheap gasoline and other products.
-Will help move North America towards energy independence by displacing Venezuelan and Middle Eastern oil.
-
Sets a new standard and high marks for environmentally sound pipelines
with the latest in leak detection and high strength steel.
- Will create thousands of high paying construction jobs.
- Will be built with steel and parts sourced in America.
- Will create maintenance jobs and supplier jobs for the life of the pipeline.
- will pay landowner royalty and state taxes in America for the life of the pipeline.
- The oil comes from Alberta and Canada where improving environmental performance is standard practice and important and America has influence.
- Many of the companies and shareholders developing the oil sands are American and Canadian.
- The oil sands development will pump billions into the economies on both sides of the boarder helping to maintain standards of living and pensions and other programs that society relies on.
Overall - A very good deal for America, Canadians and Americans regardless of what the Ideologically driven greens may claim!!! Get it Built!!!
Will Natural Gas Reach $5? [View article]
Jeremy Grantham Believes In High Oil Prices: Thinks Oil Sands Producers Are Bad Investments [View article]
-Technology and other improvements is steadily reducing the environmental impact of the oil sands based plants.
- Technology and other improvements is also steadily reducing the cost of producing oil from the oil sands. (look at CVE's number for an example)
- The most efficient oil sands producers can produce oil at around $30 per barrel verses $60 plus for a lot of the shale oil developments.
- A successful North American energy strategy will require that all sources of energy be included in the mix - this means natural gas, conventional oil, oil sands, unconventional oil and renewable.
JMO
Marcellus And Utica: Will 2013 Deliver A Major Breakthrough In The Plays' Northern Extension? [View article]
http://bit.ly/ZBNsLG
Buy The Low-Dividend Yield And Sell The Higher-Yielding Stock ... Really? [View article]
The Keystone XL (TRP) pipeline would increase greenhouse gas emissions by the equivalent of 46 coal-fired power plants or 34M vehicles, groups fighting the project claim in a report. The finding, at odds with the environmental review by the State Department, says the project to carry ~830K bbl/day of Canadian tar sands oil would add 181M metric tons of gases tied to global warming. [View news story]
Hope For Barrick Gold's Pascua Lama Project, Guidance On Gold Prices And Miners [View article]
The current situation will also put a crimp on future production as projects are cancelled and financing becomes very difficult to obtain. Most juniors have not been able to get any decent financing for some time now.
The bottom line is that today's events will just drive future prices higher. JMHO
The Keystone XL (TRP) pipeline would increase greenhouse gas emissions by the equivalent of 46 coal-fired power plants or 34M vehicles, groups fighting the project claim in a report. The finding, at odds with the environmental review by the State Department, says the project to carry ~830K bbl/day of Canadian tar sands oil would add 181M metric tons of gases tied to global warming. [View news story]
The Keystone pipeline displaces heavy oil from places like Venezuela and the middle east that have no environmental standards and will never improve anything (never mind the fact that these places have no use for Americans) with oil form Alberta where environmental standards are in place and improving every year and has a government that is committed to improvement of environmental standards.
Doing something for the sake of blind ideology (the case for many of the greens) will not make America a better place. It will actually make it worse.
Encana: The Future At A Glance [View article]
The Keystone XL (TRP) pipeline would increase greenhouse gas emissions by the equivalent of 46 coal-fired power plants or 34M vehicles, groups fighting the project claim in a report. The finding, at odds with the environmental review by the State Department, says the project to carry ~830K bbl/day of Canadian tar sands oil would add 181M metric tons of gases tied to global warming. [View news story]
Environmental Decision: Natural Gas Transportation Or Keystone-XL? [View article]
Environmental Decision: Natural Gas Transportation Or Keystone-XL? [View article]
How President Barack Obama's Economic Policies Could Impact The Market [View article]