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  • Obama: "Extraordinarily dirty" oil extraction is reason for Keystone concern [View news story]
    Obama again shows his ignorance by just repeating what his green leftie handlers feed him. The Alberta oil sands industry is a regulated industry that is focused on environmental improvement and is steadily making environmental improvements unlike Venezuela and the other places that America currently gets its oil from. It looks like Obama would rather send Americas dollars to it enemies rather than to its friends and the American companies that have a very large presence in the Canadian oil sands.

    Just plain nuts!!!
    Mar 7, 2015. 08:30 AM | 6 Likes Like |Link to Comment
  • Commodities Today: Another Train Derailment, Oil Stocks Rally On News [View article]
    Hello Obama!! Are you their!!! Have you got the cob webs out of between your ears yet!!! Pipelines are safe, do create jobs, help America be more energy independant and are far less green house gas intensive than shipping by rail. Your green buddies are leading you up the garden path!!!!!
    Mar 6, 2015. 09:21 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: All Eyes On Jobs [View article]
    They will dispute anything that does not support the cause - right or wrong, true or false, the reality of how they will stay warm or get to work in the morning is not relevant to them. You are dealing with extreme ideologies here.
    Mar 6, 2015. 09:15 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: All Eyes On Jobs [View article]
    The biggest problem here is Obama who is heavily influenced by a small minority of vocal greens and does not seem to care much about what most Americans want or think.
    Mar 6, 2015. 09:11 AM | 8 Likes Like |Link to Comment
  • Regulator asked to cover climate issues in Energy East pipeline review [View news story]
    Green stall tactics - everybody says the same thing and repeats it over and over. In other words, the 1800 amount to about 200 valid applications.
    Mar 5, 2015. 11:33 AM | 1 Like Like |Link to Comment
  • Here's Why You Should Go Long In Ford [View article]
    My understanding is that the Aluminum bodies F150 is not doing as well as projected. This is Fords biggest seller in North America and the move to Aluminum was a gamble - more expensive to build and more expensive to repair and other truck manufacturers that stuck with conventional steel claiming better millage.
    The move to aluminum was a big gamble that should have been tried out and refined on a model of less importance to Ford. They are building vehicles , not airplanes,

    Ford is under the gun for a reason!

    JMO
    Mar 5, 2015. 08:53 AM | 3 Likes Like |Link to Comment
  • Encana in C$1.25B bought deal offering [View news story]
    They are shoring up the balance sheets in this low oil price environment and will be using the proceeds to retire more costly debt. The share price is what it is but overall, I see this as a positive.

    JMO
    Mar 5, 2015. 08:37 AM | 1 Like Like |Link to Comment
  • Crude futures decline after inventory data [View news story]
    Without knowing how much of this inventory build comes from domestic production and how much comes from imports, the number is really useless. The Saudis landing or holding back a couple of boatloads would sway it one way or the other big time.

    Till you know where the oil is coming from its Garbage In = Garbage Out! ;-)
    Mar 4, 2015. 03:15 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Greek Optimism Boosts Stocks Higher [View article]
    Look at Cable and Telecom in Canada where the government has allowed 3 or 4 big companies to carve out Monopoly areas and make it extremely difficult for foriegn competition and you will see that it is a very poor situation for the consumer. This is not to say that their are no problems with these industries in America, only that its bad in Canada.
    Mar 1, 2015. 10:47 AM | 1 Like Like |Link to Comment
  • Iron Ore Prices Continue To Weigh In On ArcelorMittal With No Relief In Sight [View article]
    As far as Iron ore prices are concerned, the worst is behind it for MT and accounting aside, their iron ore production would be profitable at $60 per ton. The big 3 producers are in control of Iron ore prices and something tells me that they do not want a price much lower than $60 per ton as this allows them to be very profitable while meeting their goals of growing market share and having the higher cost producers cut capacity. Also, a lot of MT's North American Iron Ore capacity is in Canada giving them a 20% advantage due to the exchange rate.
    With US steel shutting down its Canadian operations, MT is the only game in town as far as Canada is concerned and has a very profitable Canadian operation. In America, the almost new Calvert facility purchased for 10 cents on the dollar will allow them to streamline and re-organize considerably as they have old inefficient mills that could now be shut down. They have also done a lot of work in reorganizing the European division which is already paying off.
    The biggest threat for MT and most steal producers in 2015 is Chinese steel over production which is looking for a home anywhere it can find it. This should work itself out as China transitions to a consumer led economy and the over supply is dealt with.

    With MT, its a case of buying it when no one else wants it and waiting it out. Worlds largest steel company is selling for bargain prices.

    JMO - Long MT
    Feb 28, 2015. 08:37 AM | 3 Likes Like |Link to Comment
  • GoPro Is A Football Stock - Cramer's Lightning Round (2/26/15) [View article]
    Exactly - he makes a dollar here and losses it there = zero. Also a dart board has been proven to give you a similar record. ;-)
    Feb 27, 2015. 04:43 PM | Likes Like |Link to Comment
  • Oil drops nearly $1 as pace of rig count declines slows [View news story]
    If the Saudis are not happy, then a couple of more tanker loads landing in Texas will adjust the price of oil and rig count going forward. Its their game and everyone else can just watch and see what they do. ;-)
    Feb 27, 2015. 04:39 PM | 2 Likes Like |Link to Comment
  • GoPro Is A Football Stock - Cramer's Lightning Round (2/26/15) [View article]
    I suspect that this guy makes most of his money in the entertainment business as his investment advice does leave a lot to be desired!! ;-)
    Feb 27, 2015. 10:42 AM | Likes Like |Link to Comment
  • When To Buy Energy Financings - And When Not To [View article]
    Risky move to make for CVE - Not!! Its a no loose situation as if oil prices drop, they have secured the ability to pay the dividend and execute the capital program for the next two years and if oil prices increase, no one will care about 9% dilution in shares outstanding and the share price will follow oil up.
    The projects that CVE are completing are something like 75% complete and so it makes sense to finish them as once the capital has been spent, these plants are cash cow money generating machines.
    As for the dividend - better to maintain it than tank the share price by cutting it. Especially so when you are a year or two away from a large increase in production and cash flow.
    As for the over allotment option on the share issue, I see no problems here as the 2 large Canadian banks leading this effort also have large holdings in CVE in funds that they manage and with the dividend being considered secure due to this issue of shares, I suspect that they will find a home for every share they can get. Income is in big demand in this low interest rate environment.
    CVE has historically been a very conservatively run company and what they are doing fits the bill.

    JMO and Long CVE
    Feb 26, 2015. 10:58 AM | Likes Like |Link to Comment
  • Texas Oil Producers' Shuffle 2014: Global Oil's Direction? [View article]
    Of all these companies, I like ECA the most and my reasoning is quite simple. ECA has acquired some of the best acreage in the Eagle Ford and the Permian and its early days in the Texas oil business for them. This means that they do not have a bunch of wells that looked real good at $100 oil which do not look so good at $50 oil. What they bought (although the timing could have been better) was premium acreage and they are growing in the $50 oil environment and will be picking their drill targets accordingly. They have also used their expertise to lower costs substantially over a short period of time and we should see more gains on this front.
    They are also sizable natural gas producers owning among the best acreage here as well and have adjusted to the low cost natural gas environment well. They are re fracking wells in the Haynesville play and my understanding is that the results are natural gas produced for around $1/ MCFM and have sold a large part of this years production forward at $4.18.
    They have developed a strong operational base from which they should be able to grow considerably.

    JMO - Long ECA
    Feb 26, 2015. 10:42 AM | Likes Like |Link to Comment
COMMENTS STATS
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