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  • Economic activity in the manufacturing sector contracted for the second month  [View news story]
    Obama needs to start supporting American manufacturing against foriegn government subsidized competition.

    http://bit.ly/1mv8mzD
    Jan 4, 2016. 10:43 AM | 2 Likes Like |Link to Comment
  • The Game Changer: Saudi Arabia And Oil  [View article]
    - The Saudis and their allies have no choice but to do what ever they have to too win this oil war. If they stop now, they will lose all credibility most of the power that they do have over the oil market.
    - The Saudis are also trying to make it as least attractive as possible for Iran to pump more oil. Simple game plan here - pumping more will mean less income - a game the Saudis can currently afford and Iran can not.
    - The Saudis are looking for the highest price for oil that will let them achieve a complex set of goal - both from a political perspective as well as a long term income perspective.
    - The Saudis also realize that under the current world economic and political situation a price of oil that is to high will be counter productive to all their long term goals. A to high price for oil would mean steady erosion of Saudi market share and income. It would put extra income in the hands of their enemies as well as benefiting their oil market competitors including renewable s at a great expense to the Saudis. More importantly, they have come to the conclusion that any market share these competitors/ other sources of energy capture will not easily if ever be reversed.
    - When it comes to oil, the Saudi oil ministry is well armed with the best data and research and as everyone knows they have the highest oil reserves with among the lowest cost production.
    They can not afford to lose and they know it.
    JMO
    Jan 1, 2016. 01:25 PM | 3 Likes Like |Link to Comment
  • Energy stocks see more pain after EIA data arrives  [View news story]
    Expectations are always wrong with this bunch - nothing new there!! 2.6 million barrels = one more good sized OPEC tanker docking somewhere in Texas than they were expecting.
    Dec 30, 2015. 07:50 PM | 2 Likes Like |Link to Comment
  • The Next Recession? You Just Missed It  [View article]
    Thinking about it, my phrase "extremely well" should have read " moved forward" . Politically I have never been strongly in either camp (democrat or republican) as which way I lean greatly depends on what I think is suitable for the times we are in and will get the best results for America. IMO - The current administration has been more of a drag on the overall economy than anything else.
    Dec 29, 2015. 11:09 AM | Likes Like |Link to Comment
  • Energy stocks sell off as oil falls below $37/barrel  [View news story]
    Pollution is not BS - you are right - but the way those clowns in Washington and much of the rest of the world are dealing with it is. They totally ignore Human ingenuity, the power of the marketplace and necessity being the mother of invention - These principles have guided man for most of his time on the planet and will continue to do so in the future despite what these clowns may preach.
    For example any success that they may claim to have had during the recent conference on global warming has nothing to do with the green preaching clowns that were their and everything to do with the fact that the pollution in China, Asia, India and even parts of Europe was getting so bad that those nations had to act. Why do you think that the very same nations stone walled any real change at the very last conference? Because the problem was manageable for them then - that's why.
    Coal was replaced in many applications during the 1800's and 1900's not because of the pollution and damage that it was causing although this was a huge problem. It was replaced because human ingenuity resulted in the development of substitutes that were cheaper, less harmful, and easier to use. Nothing to do with a bunch of ideological nut bars!!
    Their are many other examples as well. The green clowns may go around feeling good and patting themselves on the back but reality is that their impact on anything changing is really closer to zero than anything else and economically they are nothing more than a big drag on their fellow man and society in general.
    If there is one constant in history it is that the ideological nut bars (be it to the right or left) keep screwing up and making matters worse for everyone else.
    JMO Based on History!!!
    Dec 28, 2015. 03:26 PM | 2 Likes Like |Link to Comment
  • The Next Recession? You Just Missed It  [View article]
    LMAO - Recession!! We are in the tail end of it as far as oil, commodities, Asia and Europe are concerned and most people do not realize it. Obama's administration with its green colored glasses on have been a big part of it. When you think about it, America has actually done extremely well despite the Obama administration. 2016 should be a positive year if for no other reason than many investors looking forward to almost anything but that administration.

    JMO
    Dec 28, 2015. 03:04 PM | 14 Likes Like |Link to Comment
  • Energy stocks sell off as oil falls below $37/barrel  [View news story]
    Uncle Saud and pals keep driving those coffin nails into other producers. Many hanging on by their finger nails will not last long into the new year. Sad but it is the realities of the market. Those thinking that the Saudis will run out of money better think again. They are cutting subsidies and tightening budgets and should be good for around 10 years even at sub $40 oil. Hanging on and waiting for a price recovery is for many a fools game as they have not intentions of letting it recover till enough other producers have shut down to make the recovery meaningful to OPEC. Those with strong balance sheets and low cost production will survive while many of the others will be toast.

    JMO
    Dec 28, 2015. 02:52 PM | 4 Likes Like |Link to Comment
  • Cenovus Gives 2016 Guidance: No Surprises, But Big Decisions Ahead  [View article]
    Cve - One of the best in the industry!
    Dec 23, 2015. 04:15 PM | Likes Like |Link to Comment
  • Hopes for a labor deal?  [View news story]
    3 years of labor peace would be the best thing all round in this steel market. Especially so for the workers at MT's plants as MT has more flexibility than most other steel companies due to their global presence and various sources of production in North America. MT's approach has always been one of being firm but trying to make a reasonable deal rather than trying to kill labor though. Based on the latest changes in the structure of their North American operations, it looks like they are getting ready to do a major restructuring - something that is definitely needed and will make them more efficient. They have lots off room to maneuver now that they have Calvert in the mix.
    Agreement wise, nothing much will happen in the rest of the industry till they see if the deal goes through at US Steel.
    JMO
    Dec 22, 2015. 11:40 AM | Likes Like |Link to Comment
  • Encana: Time To Go Long  [View article]
    ECA will survive this oil price rout and prosper coming out of it. They are focused on paying down debit, lowering costs and have some of the best properties to produce from.

    JMO - Long ECA
    Dec 22, 2015. 10:45 AM | 5 Likes Like |Link to Comment
  • What Does BP's 'First Major Acquisition In 7 Years' In Lower 48 Onshore Signal?  [View article]
    They are in the same boat as most of the rest of the industry and almost everyone's share price is heading in the same direction so whats your point??
    Dec 21, 2015. 06:09 PM | 2 Likes Like |Link to Comment
  • Shale Is Dead, Long Live Shale!  [View article]
    IMO - The low prices will lead to a number of things happening in the industry when it comes to takeovers and consolidation.
    1) As pointed out the weak over extended companies will have to restructure and file providing a lot of cheap assets free of debit and other obligations.
    2) It will also lead to many of the quality companies being taken over by the bigger players with good balance sheets. The quality companies (those with prime land positions and decent balance sheets) are not going into distress anytime soon but are getting cheaper by the day along with the rest of the industry and so provide good buying opportunities for majors looking to expand.
    3) Some smaller to medium sized players will decide to merge (combine strengths and minimize weakness's) where it makes sense to do so. For example - company a may have a quality land position but be cash strapped while company B may have some cash and B looking for acreage in company A's area of land holdings. A friendly deal may be viewed as better than fighting over the scraps afterwords or watching someone else come in with a friendly deal.

    It will definitely be an interesting 6 months!!!
    Dec 21, 2015. 05:58 PM | 1 Like Like |Link to Comment
  • Alberta to delay energy royalty review until next year  [View news story]
    Rach - I guess we can add spite to your biased oil sands views! ;-)
    Dec 21, 2015. 11:25 AM | Likes Like |Link to Comment
  • Alberta to delay energy royalty review until next year  [View news story]
    I would not confuse state budgets with cost of production as their is no relationship between the two. Just like western companies are lowering their costs to produce, I am sure that the Saudis and OPEC in general are doing the same. As for Saudi budget balancing, I suspect that they are reducing their budgetary requirements but even so it will not be a big deal for as long as their cash pile can make up the difference (an easy 5 years and possibly 10).
    Dec 21, 2015. 11:24 AM | Likes Like |Link to Comment
  • What Does BP's 'First Major Acquisition In 7 Years' In Lower 48 Onshore Signal?  [View article]
    WPX holdings are mostly in the gassy part of the basin while ECA's are mostly in the oily part. You would think that they would appeal to different purchasers. Also ECA is re focusing on oil and so may want to hang on to its acreage for future development.
    Dec 21, 2015. 07:46 AM | 2 Likes Like |Link to Comment
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