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  • The Global Race To Secure Natural Gas In Emerging Markets [View article]
    With respect to "EnCana acquired a 30% stake in the proposed LNG terminal in Kitimat, British Columbia." Note that ECA sold this stake and now has no stake in any proposed LNG export facility. Having said this, they have huge reserves and land holdings in North America amounting to around 11 million acres and so are positioned to benefit handsomely from natural gas exports and natural gas price gains.
    Jan 27, 2014. 09:37 AM | Likes Like |Link to Comment
  • Base Metal Miners Analyst Watch: January Edition [View article]
    The way I see it - The big question with TRQ is the government of Mongolia. The GOM has has done an about face and burned investors a number of times since it gained independence from the old soviet system. While the GOM has lately tried to say the right things and pass laws that are designed to lure foriegn investment, most investors are still awaiting positive action that shows they mean what they are saying. TRQ and Rio Tinto are the test case here. TRQ when fully built and operating will be responsible for 30% of Mongolian GDP but so far the GOM has not been able to agree to terms including honoring the Investment Agreement they have with TRQ and Rio Tinto. As such Rio Tinto has put phase 2 development at TRQ on hold. Phase 2 is the underground development which unlocks 80% of the deposits value.
    From a foriegn investors perspective, if a large and well experienced company like Rio Tinto can not make a go in Mongolia, then others really do not stand much of a chance. Also with such a large percentage of GDP dependent on TRQ, as TRQ goes Mongolia goes. As such most investors are sitting back awaiting the outcome with TRQ before committing any real money to Mongolia.
    Jan 27, 2014. 09:14 AM | Likes Like |Link to Comment
  • WSJ: Keystone pipeline decision on collision course with midterm elections [View news story]
    How many pipelines already run under the ground in Texas? IMO - There is no relation between being conservative and support or lack of for Keystone or the laws around eminent domain. Also - what land grab?? for the most part the line is buried and after construction the land owner can go back to using it as before and is compensated for the use of property. I suspect that what we have in many cases amounts the "not in my back yard syndrome". IMO the laws as they are on eminent domain only amount to common sense that allow America to function.
    Jan 24, 2014. 01:48 PM | 1 Like Like |Link to Comment
  • New Pipelines Should Bring The Pipeline, Refining, And Production Businesses More Profits [View article]
    So in other wards all the "green focus" on Keystone XL has done nothing as far as keeping oil sands production from reaching the Texas refineries as the industry has found other means of getting their product to market. As well, this extra supply of oil benefits the American people by ensuring that the refineries can stay very competitive, maximizing through put, keeping prices to the consumer down, providing jobs and paying America taxes on every barrel shipped and processed in every state it travels through. ;-) JMO
    Jan 24, 2014. 11:49 AM | Likes Like |Link to Comment
  • WSJ: Keystone pipeline decision on collision course with midterm elections [View news story]
    Obama will probably punt again as it seems that that is all he knows how to do. He is kind of in a pickle this time though as oil by rail is showing that it has a lot of problems and a non decision may actually cost him votes. He may actually have to man up for once and make a decision! ;-)
    Jan 24, 2014. 11:38 AM | 3 Likes Like |Link to Comment
  • WSJ: Keystone pipeline decision on collision course with midterm elections [View news story]
    Hello! Hello - its the same rules that they use for any and all infrastructure projects that will have to cross private and public lands. Without these rules the nation would be paralyzed and you could not get anything done and I will bet the you can not find one project running thousands of miles over land that did not have to use this law. You have lots to pick from as America has many thousands of miles of pipelines cris-crossing it as well as hydro lines roads and rail ways.
    Jan 24, 2014. 11:35 AM | 6 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    With Europe and America on the mend and China restructuring its economy towards a rely more on internal consumption, I suspect that any weakness we are seeing is only a short term blip. We should soon seem some real positive results for China as internal consumption and exports both pick up. On a side note, Canada should also do well as a result of the 90 cent Canadian dollar helping resources and manufacturing. The Canadian resource industry just got a 10% increase in prices and lower in country costs (in Canadian dollars) with no change in the world price of the resource. JMO
    Jan 24, 2014. 11:27 AM | 1 Like Like |Link to Comment
  • TransCanada spent $1M lobbying the U.S. on Keystone last year [View news story]
    1 million is a drop in the bucket when compared to the amount of money organizations like TIDES spent fighting this pipeline. As for this pipeline delay stalling oil sands development, de Margerie is way behind the times as the increase in rail transport (from almost zero 5 years ago to way more than this pipes capacity), expansions of other pipelines and other options are more than making up for the delay of this line. As well, Canada is moving along with lines both east and west.
    Jan 23, 2014. 09:57 AM | Likes Like |Link to Comment
  • Loonie dives as BOC leans dovish [View news story]
    I think the low Canadian dollar will fix any Inflation problems the bank thinks they have. I think that they are also focusing on the wrong thing and if the focus was on the housing bubble that is occurring and lack of quality jobs outside the resource industry, they would be miles ahead. JMO
    Jan 22, 2014. 01:31 PM | Likes Like |Link to Comment
  • Real Chance Natural Gas Storage Dips Under 1 Trillion Cubic Feet [View article]
    With nat gas, The surprise is likely to be on the upside than the down side. Another large producer that should benefit is Encana (ECA). A bonus with ECA is the fact that about half of its production is in Canada which benefits from the lower Canadian Dollar as costs are in Canadian dollars while a lot of the gas gets sold for U.S. dollars. I hold ECA - JMO
    Jan 21, 2014. 10:17 AM | Likes Like |Link to Comment
  • Appeals court strikes down net neutrality rules [View news story]
    You are 100% correct - the service providers need to provide people what they are paying for and not blame other users. the analogy to trucks on the road makes no sense at all!
    Jan 20, 2014. 06:48 PM | 2 Likes Like |Link to Comment
  • Kerry: No rush to decide fate of Keystone XL pipeline [View news story]
    What are you smoking? Green energy is nothing more than a subsidy game where the tax payer or rate payer has to pay most of the costs to support a non competitive industry and most of the manufacturing jobs go to China or elsewhere.
    Jan 18, 2014. 08:34 AM | 7 Likes Like |Link to Comment
  • Kerry: No rush to decide fate of Keystone XL pipeline [View news story]
    The reality is that OPEC can make most tight oil in the US uneconomic by lowering the price by $20 per barrel. Tight oil is among the most expensive oil to produce and wells have higher depletion rates than conventional oil. North American energy independence by 2020 or even 2030 is very much pie in the sky without the Huge reserves in Canada's oil sands and even then it will be a stretch. American energy independence just will not happen unless there is a huge shift form oil to natural gas. JMO
    Jan 18, 2014. 08:29 AM | 2 Likes Like |Link to Comment
  • Kerry: No rush to decide fate of Keystone XL pipeline [View news story]
    Ya - I will bet it is just like the story on the burning water taps - They had the same problem 100 years ago before any oil and gas development. Nothing is perfect but the risks are a lot smaller than the the enviro crowd that like to use partial or miss information. Even with the oil sands - The natives had been using tar ball retrieved from the Athabasca river to water proof their canoes for 100's of years and yet the enviro crowd wants to blame the producers for water pollution. Hello - that oil has been sittings on the surface for thousands if not millions of years and the river has had related issues for that long as well. You need to get your facts straight and never mind about fear mongering.
    Jan 18, 2014. 08:22 AM | 6 Likes Like |Link to Comment
  • Kerry: No rush to decide fate of Keystone XL pipeline [View news story]
    They are - Building a line west as well as east as well as substantially increasing rail transport as well as increasing capacity on existing lines. I suspect that Obama keeps getting the answer he does not want to here so he keeps punting. A couple of years and he will be history and then we will hopefully get some one who can make decisions.
    Jan 17, 2014. 06:45 PM | 6 Likes Like |Link to Comment