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marpy

marpy
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  • U.S. rig count plunges in past week but still exceeds year-ago count [View news story]
    If the decline rate stays the same, you will be down to zero in a year!;-) Its all relative!!!!:-)
    Jan 5, 2015. 05:35 PM | 4 Likes Like |Link to Comment
  • U.S. rig count plunges in past week but still exceeds year-ago count [View news story]
    Based on the decline rates of shale wells, reduced drilling will impact sooner than later. The rig count reduction will speed up as the contracts roll off. JMO
    Jan 5, 2015. 05:33 PM | Likes Like |Link to Comment
  • Energy stocks shellacked as Nymex crude drops below $50 [View news story]
    Encana (ECA) which is listed in this article is actually a large natural gas producer that has started moving into oil. Most of their natural gas production is hedged at around $4.18 and the oil properties they are cranking up development on are in the Permian and Eagle Ford formations. Early days of oil for ECA and so they will do quit well when oil comes back. JMO - Long ECA
    Jan 5, 2015. 02:35 PM | 2 Likes Like |Link to Comment
  • Energy stocks shellacked as Nymex crude drops below $50 [View news story]
    Its an engineered price drop and so it really does not indicate much as far as the economy or demand is concerned.
    Jan 5, 2015. 02:30 PM | 7 Likes Like |Link to Comment
  • Comparing North America's 3 Largest Oil And Gas Drilling And Exploration Companies [View article]
    I like CVE and own some. Its a low cost oil sands producer with 50% interest in two U.S. refineries. It also produces more natural gas than is used by its Oil Sands operations. The biggest expense for an SAG oil sands producer is the cost of energy (natural gas) used to heat the oil so that it will flow and so having its own natural gas production is a big positive IMO. Having ownership in refineries is also a big plus as the refineries provide a captive outlet for a lot of CVE's oil and refinery margins are a buffer that help CVE get through the low oil prices. As all production is in Canada, the low Canadian dollar also helps with a lot of costs being in Canadian dollars. CVE also has some conventional oil production in Western Canada but is mainly an oil sands producer. JMO
    Jan 5, 2015. 02:25 PM | Likes Like |Link to Comment
  • Oil hits fresh five-and-a-half-year lows [View news story]
    For to many shale producers, drill baby drill = bankruptcy. They spent $1.35 for every $1 they produced and this was at $80 plus oil.
    Jan 5, 2015. 09:05 AM | 4 Likes Like |Link to Comment
  • Oil hits fresh five-and-a-half-year lows [View news story]
    Russia trying to play tough cranks up production by 200,000 barrels and looses at least $2 per barrel on the 10 million barrels in normally produces. The math tells you this will not last and actually, I doubt that Russia will not be able to maintain its current production for much longer. The low prices and sanctions will have an impact on its oil production. JMO
    Jan 5, 2015. 09:03 AM | Likes Like |Link to Comment
  • Germany prepared to let Greece leave euro zone [View news story]
    sorry wrong board.
    Jan 4, 2015. 05:24 PM | 1 Like Like |Link to Comment
  • 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
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