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marpy

marpy
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  • Higher crack spread could cut Cenovus Energy funding gap, analyst says [View news story]
    My understanding is that the 2 big projects they are working on are over 70% finished which means that next year, funding requirements can go way down and stay their till the oil price co operates.

    JMO
    Mar 19, 2015. 05:51 PM | Likes Like |Link to Comment
  • EIA Petroleum Inventories [View news story]
    Oil pumpers getting more desperate as they keep digging a deeper hole by pumping more!!!
    Mar 18, 2015. 08:59 PM | 1 Like Like |Link to Comment
  • Encana - An Energy Company Looking For An Identity [View article]
    With respect to "Encana does not have an extensive hedging program." - That is correct for oil but they have most nat gas hedged at over $4.00 for 2015 and a sizable amount at over $4 in 2016 as well.
    Mar 18, 2015. 08:54 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Markets Await Fed Policy Decision [View article]
    "Athens is likely to run out of cash by the end of the month and may then default on its debt, potentially forcing itself out of the euro zone." I suspect that that may be what the "new clowns" in Athens had in mind all along. They keep saying something different every day but it is evident that they do not want to pay their bills and really do not want to do what it takes to remain in the monetary union. The smart citizens have already pulled their Euros out of the bank and put them under the mattress.
    Mar 18, 2015. 09:46 AM | 6 Likes Like |Link to Comment
  • Hennessy Gas Utility fund, up 21% last year, highlights six energy favorites [View news story]
    You are giving him credit where he deserves none. The market gains had nothing to do with Obama and his administration and would probably had been that much more if someone else were in the oval office. As for 15 million more Americans having health care, it would have been 30 million more if they had some one who was capable of making a deal. Bottom line is that anything he has accomplished is mediocre compared to what should have been and was so mired in controversy because of his inability to make a deal that the next administration will probably overturn most of it.
    you are dealing with a president where ideology comes first, second and third and everything else comes after that. Even Warren Buffet has spoke out against his actions on Keystone and he is the first president that I can recall where business and other leaders have actually apologized on behalf of the American people for his actions - Pretty sad to say the least. I will also say that when he was first elected, I was a fan and had great hopes - they quickly faded when the reality of his hidden agenda and inability to make a deal or care much about what the American people wanted came to light!!! - Pretty sad to say the least.
    Mar 17, 2015. 04:14 PM | 11 Likes Like |Link to Comment
  • Hennessy Gas Utility fund, up 21% last year, highlights six energy favorites [View news story]
    Hopefully the insanity around Keystone ends when Obama's time in Office ends if not before. Remember that the Republicans have a majority in both houses so Keystone could be part of some legislation that Obama may not be willing to veto. Regardless - with both houses in Republican hands, Obama is more or less snookered. I also do not get all the press on this "legacy stuff". A legacy tends to be something that is long lasting and in his case most of what he got passed has been controversial to say the least and will be likely be negated by the next administration regardless of who gets in. Other than breaking the color barrier which is a big legacy in itself, he will not have much of one. To put it another way, the biggest legacy a president could leave behind is that he did an excellent job of serving the people. In Obama,s case he has failed miserably in this regard - with the exception of some rich minority greens that pander to him, he chooses to ignore or not have a clue as to what the people want.

    JMO
    Mar 17, 2015. 12:30 PM | 20 Likes Like |Link to Comment
  • Rogers Communications: Undervalued Canadian Large-Cap Cable Co. With 40% Upside [View article]
    Canadians do not love big Telco - look no further than the comments section on any story on Canadian Telco in Canada's major news papers. The comments/ votes are negative by a ratio of around 100 to 1 and the 1 probably works in the industry.
    Mar 17, 2015. 10:18 AM | 2 Likes Like |Link to Comment
  • Rogers Communications: Undervalued Canadian Large-Cap Cable Co. With 40% Upside [View article]
    Rogers has some big issues - Lousy customer service and a company that very few in its service area have any use for describes what Rogers is to a lot of Canadians. The Canadian public and the CRTC are constantly on Rogers and Canadian Telco's case. Even though most Canadians live in fairly dense population centers , Canadians pay among the highest rates in the world for Telecom services and many are fed up with this and the CRTC is aware of this. When you look at changes in technology like video streaming, this also means big changes for Canadian telco where people currently are forced to pay for "welfare channels" no one watches as a means of supporting Canadian content. Their are big changes in the wind for Telecom in general and the changes will be even bigger in Canada as technology makes the current government imposed model obsolete.
    Canadian telco may not be the good investment many think going forward.

    JMO
    Mar 17, 2015. 10:14 AM | 1 Like Like |Link to Comment
  • Crude oil tumbles, ignoring OPEC's warning on U.S. oil boom [View news story]
    Yes - that is the OPEC plan. The only wild card is - how long will it take??
    Mar 16, 2015. 03:18 PM | 3 Likes Like |Link to Comment
  • Crude oil tumbles, ignoring OPEC's warning on U.S. oil boom [View news story]
    OPEC is not embracing anything. The powers in Opec decided that other producers were producing to much and that it would not be to their benefit to allow this to continue and so lower prices were in order. And that is what they did. The message now can be translated as - all you overextended under financed companies that think you can pump your way out of this are wasting your time - you will be toast by year end.

    JMO
    Mar 16, 2015. 03:17 PM | 8 Likes Like |Link to Comment
  • Exxon statement says U.S. needs to adjust energy policies [View news story]
    BS Tom - Technology always makes existing technology obsolete - no different than the use of steam engines and whale oil are now obsolete. This will happen on its own and be driven by new technology and necessity without trying to push a rope as the greens are now doing. The cycle will be no different than it has been for hundreds of years and all the greens are doing with their current stand are promoting economic chaos for no good reason as the one consistent factor is that all the green models on climate change have been 100% wrong. I am not saying that promoting better standards to reduce environmental impact is wrong - it is very much the right thing to do. What I am saying is that the green sky is falling bunch are the wrong people to be listening to here. They are just driven by a blind narrow ideology and do not see the bigger picture and their science does not work.
    Reality and a balanced approach has been and will continue to be the only solution that really works. Attacking your neighbors and your citizens by focusing on a narrow ideology as Obama and the greens have choose to do does not get anyone very far.
    Mar 15, 2015. 11:57 AM | Likes Like |Link to Comment
  • Exxon statement says U.S. needs to adjust energy policies [View news story]
    Let me guess - you own one share. ;-) I suggest that you lead buy example - sell your share and quit using any fossil fuels or anything derived from them. Oh and by the way - driving an e-cat does not count unless you are completely off grid as most of the grid is fossil fuel generated.
    If you greens advocated for better accountability and standards rather than just attacking anything fossil with junk science, you may actually gain a little credibility.;-)
    Mar 15, 2015. 11:36 AM | Likes Like |Link to Comment
  • A Major Inflection Point Is Coming For Crude Oil... But It's Not Here Yet [View article]
    The banks that these guys own a lot of money to will look to maximize what they get back which means that they will keep them on a very short and tight rope (lowest possible capital investment that maximizes cash flow to repay the bills). When they are done with that, then whats left over gets put on the auction block. This will take a while and when they finally do sell, the buyers will be picking what they want as a lot of the lower quality acres have negative worth - no one will be buying those and they will revert back to the original land owners.
    Mar 15, 2015. 11:25 AM | Likes Like |Link to Comment
  • Bill Gross: Going To The Dogs [View article]
    The planet is still paying the price for Greenspan's policies. I am surprised that you at times see article based on what his views are on current economics and world events.
    Mar 15, 2015. 11:16 AM | 4 Likes Like |Link to Comment
  • Rig count keeps falling, down 46% from October [View news story]
    I suspect that many companies have been speeding up the bringing on line of these so called frack log wells as a means of paying the bills and keeping the lights on. North Dakota oil is going for less than $30 which makes most production uneconomic - hence its its just a race to get as much cash as you can to keep the creditors at bay. JMO
    Mar 14, 2015. 08:16 AM | Likes Like |Link to Comment
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