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marpy

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  • U.S. rig count dives by another 98, crude oil prices up sharply [View news story]
    Something tells me that oil is rising a little to fast for the Saudis and their allies. They want to make sure that the trend of decreased production from high cost producers is well cemented in and I do not think that these producers have yet felt enough pain for this to be the case. i could be wrong as they say, the proof is always in the pudding. If we keep seeing cutbacks on capital spending and reduced rig counts going forward, then the Saudis and friends will not be to concerned. If the spending starts to increase, then I suspect that we will see the Saudis put down ward pressure on prices. They have made it fairly clear that they will protect market share at all costs.

    JMO
    Feb 13, 2015. 04:40 PM | 1 Like Like |Link to Comment
  • Commodities Today: Oil Stocks Rising Again, Utilities Report Mixed Results [View article]
    I would expect that the bill for Keystone should clear both houses as the Republicans have a majority. Obama though will turn it down as he would not gain anything politically for passing it and would loose with his green buddies. I will though just show up again attached to some other piece of legislation that will be much more difficult for him to turn down. If he still keeps managing to stall it, well 2016 is not to far away.
    Feb 13, 2015. 04:30 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Tesla Punished As Q4 Results Fall Short [View article]
    "The bill passed by at least 270-152 in the GOP-controlled House, marking the 11th time since 2011 the chamber has approved some sort of Keystone legislation."

    The Question really is - "Will Obama keep ignoring the will of the people and keep pandering to that small but vocal minority of leftie greens that send his party a lot off money????
    Feb 12, 2015. 10:04 AM | 6 Likes Like |Link to Comment
  • Thomson Reuters declines 3.2% after revenue miss [View news story]
    Considering the state of affairs with a lot of their clients, this was actually a positive quarter for TRI regardless of what the market may think. They have turned the corner and results should show so as the year progresses.
    JMO
    Feb 11, 2015. 02:51 PM | Likes Like |Link to Comment
  • TransCanada rebuts EPA comments on Keystone XL [View news story]
    EPA= Obama patsies!!!
    Feb 11, 2015. 02:32 PM | 1 Like Like |Link to Comment
  • Case For A Crude Oil Boomerang [View article]
    Make no mistake about it - The Saudis and their Gulf State allies are dead serious about maintaining market share and will do what ever they have to to do so. I suspect that as far as the impact on future production, they see the current low price moving the needle in the right direction and as long as they continue to see this, they will allow the price to stay at current and even possibly higher levels. If they start to see drilling increases and projects getting put back on the books, then they will force a lower price. A gradual increase in price from here is possible as long as the other producers do not get carried away and think that the sky is again the limit and there is endless thirst for oil. The last thing the Saudis are is dumb - they are trying to achieve their goal while maintaining the highest possible price for oil that will allow them to do so. As for the price of oil, the actions of the non Opec producers is what will dictate which way the Saudis and allies drive it.
    Feb 7, 2015. 03:16 PM | Likes Like |Link to Comment
  • Canadian Oil Sands: Evaluating A Takeover By A Fellow Syncrude Partner [View article]
    With Respect to "Canadian Oil Sands could also receive interest from two Chinese state owned enterprises, either Sinopec (NYSE:SNP) or CNOOC (NYSE:CEO)." This is a no go under current Canadian foriegn investment rules. Government entities are not allowed to bid if the result is a controlling position and Sinopec and CNOOC would have a controlling position..
    Feb 7, 2015. 03:01 PM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: RadioShack Declares Bankruptcy After Years Of Losses [View article]
    "Anthem stored the social security numbers of 80M customers without encrypting them" - Looks like federal law needs to be changed. This just shows you that some companies will act stupidly till forced not to.
    Feb 6, 2015. 09:58 AM | 4 Likes Like |Link to Comment
  • TransCanada's Girling: "Are we a resource-based nation or not?" [View news story]
    You have to play the cards you have been dealt and Canada has lots of resources. This does not mean that you ignore other industries but it does mean that where ever possible you use your resources to enhance other industries. Enhance can mean anything from using the income from resources to benefit other industries and the population to processing more resources in Canada. Resource industries do provide high paying jobs and lots of government revenue. Resources can be a huge gift and it is stupid for Canadians to look a gift horse in the mouth!!!
    As for leaving extraction behind, California did not do that as they still produce lots of oil as well as mine lots of minerals - you need to get your facts straight.
    Feb 5, 2015. 03:57 PM | 2 Likes Like |Link to Comment
  • Stocks give up gains as ECB rejects Greek paper as acceptable collateral [View news story]
    Russia is headed for broke and anyone throwing money at that country is just throwing more good money after bad!!
    Feb 4, 2015. 05:40 PM | Likes Like |Link to Comment
  • Stocks give up gains as ECB rejects Greek paper as acceptable collateral [View news story]
    Having your own currency does little to change the terms. Those that put up the bailout money will still demand to be paid in Euro's. And at something like 10,000 drachma to the Euro, that will be way worse than if they bit the bullet, paid their bills and stayed with the Euro.
    Feb 4, 2015. 05:39 PM | 3 Likes Like |Link to Comment
  • Can Turquoise Hill Overcome Consequences From Mongolia's Divided Leaders? [View article]
    The current GOM has been nothing but a thorn in the side of business and the people of Mongolia since it was elected.Actually, a total disaster would be a good description of the current GOM's economic accomplishments. TRQ had a deal to sell South Gobi To a Chinese company for well over a billion dollars. The GOM turned the issue into a nationalistic political issue and scuttled the sale even though South Gobi's deposit is far from being a major deposit of national importance. The sale would have actually helped pave the way for the development of Tavan Tolgoi (the huge mother of coal deposits that exists in Mongolia). The GOM was though to tied up in their stupidity to realize this.
    The GOM's negative and nationalistic/ populist approach towards foriegn investors/ investment has resulted in a stalled economy that is on the verge of needing to be bailed out by the IMF with the population paying a big price in lower living standard.
    This nationalistic/ populist approach is now backfiring on anti business elements in the GOM and it looks like the new leader realizes this and the poll results of the non-binding referendum also indicate this as the people vote for development. If the new leadership can turn this vote into action, then this could be the beginning of a very positive and overdue move for companies doing business in Mongolia.

    Nice to see someone at SA covering Mongolia

    Time will tell!
    JMO
    Feb 4, 2015. 01:25 PM | 3 Likes Like |Link to Comment
  • Can Turquoise Hill Overcome Consequences From Mongolia's Divided Leaders? [View article]
    Wrong! Rio Tinto and TRQ paid for most of the required infrastructure as part of the deal. If you were waiting on the GOM to build anything, you would be waiting a very long time.
    Feb 4, 2015. 09:23 AM | 2 Likes Like |Link to Comment
  • Oil Stocks May Be A Big Win In 2015 [View article]
    Not sure about the statement "$250 billion in 2014, but my guess is that $100 billion of that went to natural gas drilling." Based on the # of rigs drilling for gas that year and the low price, I suspect a figure closer to 50 billion spent on natural gas drilling.
    As for oil being a winner in 2015, I am betting on that as well.
    Feb 3, 2015. 07:11 PM | 3 Likes Like |Link to Comment
  • 'The Turn' Is Near For Natural Gas Pricing, Buy UGAZ [View article]
    Nice to see an Author that puts his money where his mouth is. I also think you are right. Nat gas is trading at a price that is not profitable for a lot of producers and so it is only a matter of time before it goes up. JMO
    Feb 3, 2015. 02:09 PM | 4 Likes Like |Link to Comment
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