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marpy

marpy
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  • Quebec energy board gets behind Energy East pipeline [View news story]
    It only makes sense as Quebec has a number of refineries that could be configured to refine this oil rather than the lighter imported oil now processed. The project would be a net plus for Canada and the provinces the line would cross.
    Jan 8, 2015. 04:13 PM | Likes Like |Link to Comment
  • U.S., Russia, Saudi Arabia: Who Is Going To Win In The Oil Price Stand-Off? [View article]
    When ever government tries to get involved in the market place, all that happens is that it gets screwed up. Alternative energy will come but not until it makes economic sense.
    Jan 7, 2015. 04:43 PM | 1 Like Like |Link to Comment
  • FP's Corcoran: Canada can kiss oil superpower dreams goodbye [View news story]
    100% CORRECT mark - This article is just wishful thinking on the part of greens.
    Jan 7, 2015. 03:36 PM | 1 Like Like |Link to Comment
  • Cenovus Energy - Resilient Amid Carnage In Sector [View article]
    Their is no comparison between the old ECA and CVE as they have been operating completely independently and with different approaches since the companies went their separate ways. CVE is mostly an Oil producer while ECA is mostly a gas producer transitioning towards a lot more oil production. Even with ECA they have done considerable restructuring to reduce costs and refocus towards more balanced production between oil and gas including installing a new CEO about a year ago.
    Jan 7, 2015. 03:30 PM | 1 Like Like |Link to Comment
  • Cenovus Energy - Resilient Amid Carnage In Sector [View article]
    Cenovus has made steady improvements with their Foster Creek steam/ oil ratio problems and one must also not that before the issues arose, they were among the best in the industry. Cenovus also produces more natural gas than it uses to generate steam in its oil sands operation and also has interests in 2 U.S. refineries that should help smooth things out in this low oil price environment. They also have considerable conventional oil production in Canada. They are a conservative cash cow that should be able to ride out the low oil prices better than most producers. I am long CVE.
    Jan 7, 2015. 03:24 PM | 2 Likes Like |Link to Comment
  • White House says Obama would veto Keystone pipeline bill [View news story]
    I would suggest you check your facts as most of the oil in Canada is produced by American corporations and TRP also has a lot of American shareholders. TRP also operates 100% legal based on American law and so your ranting about Foreign and ROW is just that - A Rant! As far as calling other people ignorant, I suggest you look in the mirror. ;-)
    Jan 6, 2015. 04:28 PM | 5 Likes Like |Link to Comment
  • White House says Obama would veto Keystone pipeline bill [View news story]
    Pipe lines and how many jobs they create are not rocket science as America has tens of thousands of miles of pipelines already in place. They do create so very good long term well paying jobs not only directly but also indirectly in the service industries and in the refineries and processing industries that use the oil or the refined products. This is on top of the 1000's of construction jobs and manufacturing jobs required to build the pipes, and infrastructure that go along with it. They also pay taxes and fees to land owners in every State they cross. The numbers are far closer to what the Republicans are claiming than what the Dems and greens are claiming. You really should educate yourself before posting green propaganda.
    Jan 6, 2015. 04:19 PM | 7 Likes Like |Link to Comment
  • White House says Obama would veto Keystone pipeline bill [View news story]
    Nothing unexpected here - Obama is run by the greens and lefties and the rest of America does not count to him. He is also just playing politics here. With the Republicans controlling both houses, Obama knows that he will eventually have to give on Keystone so all he is doing now is holding out for more. Keystone will eventually be attached to a bill that he has to pass but you can be sure that he extracts his chunk of flesh before he does so.
    In the mean while, America pays the price. US Steel just announced 800 lay offs in its mills - 800 workers that could have been rolling steel for Keystone if it was being built.
    Jan 6, 2015. 04:08 PM | 13 Likes Like |Link to Comment
  • House plans Friday vote on Keystone XL bill [View news story]
    Nothing new here, Obama is beholden to the greens and nothing else matters. Keystone will just get packaged with some other legislation Obama has no choice but to pass. 2016 and he will be history anyway.
    Jan 6, 2015. 02:05 PM | Likes Like |Link to Comment
  • U.S. Steel to lay off 600 Ohio workers, citing low oil prices [View news story]
    600 jobs that would have probably been saved if they were rolling steel for the Keystone pipeline Obama keeps stalling!!!!
    Jan 6, 2015. 02:01 PM | 3 Likes Like |Link to Comment
  • 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
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