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marpy

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  • Obama does not sound receptive to quick action on Keystone pipeline [View news story]
    Same old problem - Obama is so controlled by the greens in his party that what the rest of America wants means nothing to him. That is why he has been unable to get anything done - no ability to make a deal which has resulted in a ZERO presidency during his time in office. The people spoke loud and clearly during the mid terms an d yet he refuses to listen!!! Looks like if the senate democrats who want keystone are really serious, they need to pass the measure with enough votes so Obama does not matter. If this is not in the cards, then the Republicans need to call it for the charade that it is and act accordingly.
    So far Obama has ZERO for a legacy (other than being the first black president) and if he keeps going the way he is Zero is all it will be. Lots of people including myself had lots of hope when he first got elected. This quickly dissipated when the reality of his focus on green and leftie issues with the exclusion of giving on issues important to the rest of America set in.
    Sad in dead - eight years a dud will sum it up!!!
    Nov 14, 2014. 11:25 AM | 7 Likes Like |Link to Comment
  • Encana's Value Drive Also Offers Volumes From Texas Oil Plays [View article]
    Not so sure about buy at the top as oil was higher than it is today but not at the peaks that it had reached in the last 2 years. Also the Saudi's were telegraphing their intentions and $80 oil well before they acted and you would think all parties involved would have known this and taken it into account. JMO
    Nov 14, 2014. 10:02 AM | Likes Like |Link to Comment
  • What Happens When Solar Costs Go Below Fossil Fuels? [View article]
    What Happens When Solar Costs Go Below Fossil Fuels? Well we will then start a transitional evolution from fossil fuels to solar rather than the costly upheaval that the green clowns are now trying to ram down everyone's throat! :-)
    Nov 11, 2014. 03:46 PM | 22 Likes Like |Link to Comment
  • Positive reviews for the 2015 F-150 pile up [View news story]
    Grand reviews but just give it time until the bugs start to surface. More expensive to build and more expensive to repair for starts and to that add all the problems that surface when the North American Auto Manufactures try to introduce some thing new. I would definitely wait a while before buying one of these or Ford Stock. Also note that all the steel manufactures and especially Arcelor Mittal have been introducing new steel grades aimed at lighter and stronger and so the improved weight and millage over the competition will not what many are expecting.
    Nov 10, 2014. 02:51 PM | Likes Like |Link to Comment
  • ArcelorMittal's (MT) CEO Lakshmi Mittal on Q3 2014 Results - Earnings Call Transcript [View article]
    Another thing that is weighing on MT's share price is their continued interest in the Teranto steel plant. This plant has been a perpetual money loser and has many problems from operational to environmental to corruption. MT has a history of buying distressed plants and turning them around but this one is worrisome as the problems are quite entrenched. I would suppose it all depends on what kind of deal they can get from the Italian government and unions and what leeway they are given to restructure it. The Italian unions are another big problem with their entrenched thinking and zero flexibility. They do have their backs against the wall and so this may give MT some flexibility but I suspect that it would be temporary. JMO
    Nov 10, 2014. 10:00 AM | Likes Like |Link to Comment
  • Why You Should Invest In The Canadian Oil Sands [View article]
    Good article - Low cost oil sands producers like CVE and CNQ do have the staying power to ride out the current low cost of oil and prosper. Once their plants are built, the operating costs of the better producers can be quit low and the reserves are very long life - 40 - 50 years. Long CVE.
    Nov 10, 2014. 09:46 AM | Likes Like |Link to Comment
  • Delamaide: Oil prices, not Obama‚Äôs veto, may doom Keystone XL [View news story]
    The oil sands producer have been through low priced oil before. Yes some of the higher priced projects will get cancelled but those with good economics will still go ahead. Maybe a little slower but they will still go ahead. A slow down in the industry has also historically brought decreased labor and material rates for projects that do go ahead. It should also be noted that the better oil sands producers have operating costs in the $30 per barrel range. When you look at the decrease in the Canadian dollar (their costs are mostly in Canadian dollars),the improved spreads between bitumen and west Texas intermediate, and the inroads that the oil sands producers have made in diversifying their markets, IMO they are in very good shape to ride out the low oil price environment we are currently in. I would be way more concerned about some of the shale oil producers. JMO
    Nov 7, 2014. 11:52 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: BHP Billiton To Export Condensate Without Permit [View article]
    No - he is a bad president - to blinded by the lefties and greens that have his ear and not capable of making a deal to get things done - In other words - zero for leadership. When he first got in, I though he had the potential for being a great president, that was quickly proven wrong.
    Nov 5, 2014. 08:19 AM | 15 Likes Like |Link to Comment
  • Wall Street Breakfast: BHP Billiton To Export Condensate Without Permit [View article]
    Obama spent to much time listening to the special interest groups that have his ear rather than to the people who in the end collectively have the ultimate power. Lets hope the Republicans do not make the same mistake.
    Nov 5, 2014. 08:15 AM | 7 Likes Like |Link to Comment
  • Update: Antofagasta Takes Over Duluth Metals [View article]
    Management short comings sunk this company. Who ever herd of a junior buying back its own shares and issuing interest bearing debt before these guys came along??? A junior has few good friends so to speak with cash and zero debit being two of them. Duluth management actions meant Antofagasta had Duluth over a barrel as Duluth had no ability to raise funds to pay their obligations and would quickly be running out of cash. Yes the pre feasibility study did leave a fair bit to be desired here but Antofagasta obviously see's something of value or they would not be spending a penny more than the 200 million they already sunk into this project. And Duluth has no options other than taking the offer as they are more or less sunk being unable to raise capital and pay their obligations. JMO
    Nov 4, 2014. 01:26 PM | Likes Like |Link to Comment
  • How Much Does It Cost To Produce 1 Barrel Of Oil From Oil Sands? - Part II [View article]
    Its what the enviro boys call bitumen or oil sands derived oil. Its a big red flag with respect to anyone using the term. But I will bet you already new that. ;-)
    Nov 1, 2014. 02:43 PM | Likes Like |Link to Comment
  • How Much Does It Cost To Produce 1 Barrel Of Oil From Oil Sands? - Part II [View article]
    without getting into details and having looked at the info supplied by some of these companies, I think that your numbers are way out to lunch on the high side.
    Nov 1, 2014. 09:08 AM | 3 Likes Like |Link to Comment
  • FP's Cattaneo: Energy East shows absurdity of Canada's energy regulations [View news story]
    They are doing what they need to do to get the job done. Nothing less would be acceptable.
    Oct 31, 2014. 01:00 PM | Likes Like |Link to Comment
  • Energy East project could open new route amid Keystone delays, Girling says [View news story]
    All the greens have done is made it way worse from any perspective that you may look at it from.
    - More options than ever for shipping bitumen.
    - Soon it will be shipped to both coasts for export anywhere in the world.
    - Rail shipping when from zero to substantial amounts with prices coming down as companies buy their own rail cars and dedicated shipping terminals come on line.
    Obama will soon be history as his term comes to an end and all these shipping options including Keystone means even more oil sands production and less say for any government outside of Canada.

    Good job greens. ;-)
    Oct 29, 2014. 10:56 AM | 3 Likes Like |Link to Comment
  • Keystone XL decision may come soon, Kerry hints [View news story]
    If they loose the senate, it will come real quick;-)!!!!!!!!!!!!!!... can only hope!!!!!
    Oct 28, 2014. 07:32 PM | 1 Like Like |Link to Comment
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