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Dr. George W. Barclay Jr.

Dr. George W. Barclay Jr.
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  • The One Sector You Must Own for the Next 10 Years [View article]
    I have made money in oil--integrated, producers, and service. I have written much in previous comments. Beauty is in the eyes of the beholder, and whether the current price is "cheap" or expensive depends on the future price of crude oil and, importantly, natural gas. Alternate fuels are uneconomical if crude is plentiful and inexpensive. To have kept up with inflation crude should be $60+ a barrel and gasoline should be $2.50 at the pump. In the past I have not discussed the Complexity and Chaos theories on this board. But both apply since factors act on price and oil industry in every day life. Catastrophes and catastrophic changes can occur in a hurry, and we go from complexity to chaos in a very brief time. The same can happen to the stock market. NOBODY can accurately predict the future. All we can rely on is our past experience. No two people on this board have the exact same world view. It helps to know from where the advisor is coming and his agenda, if possible. There is no truth, only opinion and all opinions are biased. I loved the lead article, but it didn't tell me anything I didn't already know. Thanks. GWBJ.
    Feb 27 01:14 PM | 18 Likes Like |Link to Comment
  • Epic Changes Coming for Electric Power, Transportation and Energy Storage [View article]
    I got lost reading all . I vote for fossil fuels to generate electricity, mainly natural gas. I think the fear of global warming is way overblown, VP AlGore is Buffoon, and it would be nice to have inexpensive long lasting battery. Natural gas is plentiful and cheap, and compressed LNG can be used safely in automobiles and trucks. As they say down here,"it's all politics." Cheers! I'm just crazy old man. GWBJ.
    Mar 18 09:44 AM | 10 Likes Like |Link to Comment
  • Jim Rogers Is Insanely Bullish About These Stocks [View article]
    I believe I heard (I'm partially deaf) Mr. Jim Rogers say on Kudlow to," sell the NASDQ( tech stocks) and US Dollar, and buy the Commodities and Renembi (Chinese Juan). There's no new drilling in NG in East Texas. I too am worried about chemical fracturing since I live in oil patch and drink well water and am heavily invested(relatively) in O&G stocks. XOM bought TXO. With the exception of the Valdese oil spill in Prince William Sound XOM very seldom does any thing stupid. I own CHK, DVN, WFT. I missed HAL and BHI, and they are into Chemical fracturing. I have never made any money in either, but I could be wrong. Thanks! GWBJ.
    Mar 6 11:28 AM | 8 Likes Like |Link to Comment
  • Exxon Not Making Quite Enough Profit, Says Exxon [View article]
    Shades of Jimmie Carter and the obscene profits tax! XOM and MCD have the cleanest rest rooms, and Best Western with its Continental breakfast, free computer room, and washatiera is the best bang for your buck.

    My three biggest holdings in my IRRA are XOM, PFE, and GF. "I'm goin' to daince with the one that brung me." They all made money this year. XOM has never let me down. They gave me my first job. I bought my first house using my HUMBLE stock, and I have collected nice dividend and never lost money on XOM. I have used their credit card and put a "tiger in my tank" since I went to work for them as engineer on June 1, 1951. Their stock has about 20% left before they split, and you can sell half and ride it up again. Oil is a cyclical business, and the price of oil stocks rise and fall accordingly with price of a barrel of Snyder,Texas crude (LWT). However, because of the blind stupidity of the anti-oil crowd in Washington, we have lost control of our own destiny, and the emerging markets(China,etc.) with co-operation of the Saudi and Russians are now controlling the cost of a barrel of crude on the world market. Don't tax XOM. Tax that Obama behind the tree. Ole' , Hasta LaVista, GWBJ.
    Apr 28 10:25 AM | 7 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Now is your chance to load up on NOK and MSFT "cheap." GWBJ. There will always be cheating in Medicare and Medicaid. Go to any private or public hospital emergency room and examine the hospital and physician charges, especially if they use a private billing service and have a clerk check off the procedures and diagnoses. That's why I cast suspicion on any public company that claims they can treat Medicaid and Indigent patients and make a profit, pay big salaries, and have earnings to pay stock holders. It's impossible with all the unintended consequences of debt and bankruptcy of the government. UNLESS, the government enforces triage and says who lives and who dies. Been there and done that! GWBJ.
    Apr 12 07:56 AM | 7 Likes Like |Link to Comment
  • Imperial Oil: King of the Wild Frontier [View article]
    I am long XOM. It owns 80% of IMO stock and has lower P/E. I think IMO is overbought due to over exuberance. If it drops down to $30 we are in deep doo doo. I love the company, but the stock is overbought. Buy XOM at about 60-70. That's what I did. Cheers. Imperial was our affiliate when I was engineer for Humble back in the early 50's. GWBJ.
    Mar 22 03:46 PM | 7 Likes Like |Link to Comment
  • Bank Of America: Tremendous Upside Potential Despite Analyst Negativity [View article]
    When AIG, BAC, C, and Wachovia plus others went down, I lost about $75,000-$100,000. I lost $40,000 on Worldcom.. My portfolio shrunk to about half it's usual size, and for the first time in 2008 I didn't give out big Xmas bonuses to my 5 kids just for being born. I was scared for the first time since the Cuban missile crises when I was on call from the Dallas Veterans Hospital and the 94th US Army General Hospital at the same time and left my wife and three toddlers home alone.

    I want revenge. E. Stanly Oneal brought Merrill Lynch down and received a big severance pay of tax payer's dollars. So far, he hasn't received his subpoena from the US Marshal or the US justice Department. He is probably hiding in a woodpile some place. I heard he was on the Board of AA. That stock has gone nowhere. I think he ought to join Bernie Madoff and Raj Gupta at the Federal Country Club so they would make a threesome for Golf or whatever.

    I am long BAC. Baron Rothchild said, "you must buy when the blood is in the street." Thanks! GWBJ.
    Oct 30 05:40 PM | 6 Likes Like |Link to Comment
  • 7 Telecom Companies to Watch [View article]
    Dear Dr. Osman: I was attracted by the author not the title. A pop up flashed your credentials in front of me, and I suspected it was Jesus sending me a message. Jesus speaks to the common folk in Woodville all the time. In fact, our caretaker told me this morning that I may get my predictions of the future from reading the Ric Report off mlol, but he got his directly from Jesus. I'm not lying one little bit.

    I own T, VZ, Frontier, VOD,, and Q. I bought Qwest when they were Bell West (Northwestern Bell in Seattle), and my son went to work with them as telephone salesman and was almost fired when he refused to slam on customers and pad their bill. The union saved him, and when their stock crashed and burned, he was the only salesman left in his cubicle but he went right on working trying to sell 'call back' etc. and all the add on's they came up with to make money. He was out there during the dot-com crash, recession, and the hey-day of the equity home mortages. Which was nothing more than a new idea to steal from the poor. According to Trey, my son, he never worked for an outfit except Four Seasons who didn't ask him to cheat, and then he was working weekends for tips. He gave up trying to be screen writer and movie star, got a Masters' degree, and is now full time AL-GEBRA teacher in Dallas, a much wiser man.
    I didn't understand everything you said above. The last university I attended none of the PhD Professors would address us lowly retired medical specialists as "doctor". At the university, physicians weren't doctors. I could elaborate, but I need to ask you something about economics and business that requires vision and extrapolation beyond the curves.
    Merrill has some smart people too. They believe that mobile payments will replace credit and ATM cards. They predict that VISA, Mastercard, and the banks associated will eventually lose business and get out of the business. It will occur much sooner than anybody can imagine. Why??The retailer accepting a credit card has to pay the credit card company 2% service charge on the purchase. Wow! They resent the monopoly. Next to labor, it's their largest expense. Most people don't know that. What is more convenient than just paying with your iPod or the latest mobile cell phone.???? The more important factor is the central US government. President Obama and most of Congress truly resent the large interest charged on the Credit Card balances by the Banks. I do too, and I'm Republican. What do you anticipate? Thanks. GWBJ.
    May 1 03:50 PM | 6 Likes Like |Link to Comment
  • Brief Thoughts on the World's 10 Biggest Companies [View article]
    FUTURE ENERGY: "Eureka We've found it!" (Archimedes 220 bce) I have to go slow on this because it's going to take some thought and recollection of technical nature. About 15 years ago I still had my stock in Exxon Employees plan, and they were sending me periodic research reports The company secret was the catalyst which is still a secret, Probably Platinum, but I don't know. The process to make pure gasoline (heptanes and octanes) from purified Methane had progressed through laboratory, pilot unit study. and a full size plant was in operation in the Baton Rouge EXXON Refinery and successful. It was a controlled cold fusion catalytic exothermic reaction that produced heat which was used as byproduct to make steam for turbine driven generator that would supply enough electricity to run the whole refinery and the city of Baton Rouge. When I last read about it they found several flaws which were correctable but not impossible. 1. They needed to separate the Methane from Hydrogen sulfide and carbon dioxide which occur naturally in Natural Gas. 2. They needed to locate in an area containing large inexhaustible supply of natural gas.

    Last year they bought out largest gas producing company in USA with big holding in Bakken Shale in North Dakota. Quite independently they ran commercial on TV showing their new process of cold separation of carbon dioxide from natural gas to produce pure methane. Then they announced they would spend $600,000,000 to build a new plant in North Dakota using their freezing process to purify Natural gas. Now, what are they going to do with purified Methane??I'll let you guess.

    They are going to convert pure methane to pure high octane gasoline that will burn with no toxic emissions and generate enough electricity to supply the whole USA as byproduct. How's that for long range planning and genius. You have to worry about cost, and we'll still need oil for all the other things we do with it.

    To produce crude costs $8/Bbl in Okla and about $12/Bbl in Texas. It's cheaper off shore about $3.50 Bbl. At $110 a barrel you can still pay taxes and make money. These are just ball park figures. Thanks! GWBJ.
    Apr 26 05:11 AM | 6 Likes Like |Link to Comment
  • Cramer's Lightning Round - I Don't Want to End on Cisco (2/15/11) [View article]
    I bought 500@18.6. According to Jim, I goofed.. Time will tell. GWBJ. ML, MS, and S&P all have a buy. I try to diversify. Free advise like free love is the most expensive of all. Thanks. GWBJ.
    Feb 16 05:19 AM | 6 Likes Like |Link to Comment
  • Value Pharma Stocks in Overpriced Market [View article]
    Chat room! I have been following drug companies for at least 50 years and drug stocks since 1982. Since about 2000-2001, I would be hard put to say I've made any money buying and selling drug stocks. About all I did was collect dividends. I lost big on Upjohn and about 2 years ago sold at a loss on MDT. I have 3000+shares of PFE and have lost money in spite of dividends. I recently sold the last of my J&J at a slight loss after 15 years of dead money except for dividends. I sold GSK 5 years ago at a sizeable loss and it's changed very little. At the present I have positions in ABT, COV, MDT, MRK, NVS, PFE, SYK, WAG, BSX, HMA. WAG is drug store, and it is up about 30%. HMA is for profit small town hospitals, and it's up a little bit. The rest are BAD NEWS BEARS. Of the Group ABT is best gamble. (Disclaimer: My son is top salesman for ABT. He survived the recent cut of 1500+ pharmaceutical representatives and received a bigger slice of Houston as reward.) I really can't passionately recommend any drug stock unless you enjoy kissing your sister. The best are : Faith, hope and charity, and of these the most important is charity. Hasta La Vista! GWBJ.
    Feb 5 04:33 PM | 6 Likes Like |Link to Comment
  • Oil Services Companies to Consider for Long-Term Investment [View article]
    I have been speculating in Oil Drillers for about 25 years. I have made money on SLB, APC, APA, and NE I have lost money on BHI and HAL. You have to buy them when blood is running the streets and sell when they are ridiculously high. When the market nose dives it may be too late to sell. At the present time I hold positions in SLB, RIG, DVN, CHK, WFT, NBR, APA. SLB, RIG, and APA may go up with the price of oil. NBR will go up with increase in land drilling. DVN and CHK will go up with GAS drilling which is quite low right now. I live in an oil patch(East Texas). Everything is real slow right now, but it will pick up when the price of gas goes up. Sometimes you have to hold them 5 years or more before you double or triple your money. Same for the Integrated except they pay you a modest dividend for waiting. Recommendations: Buy dirt cheap and hold five years and triple your money. It's either boom or bust. Always has been. Cheers Dr. George W. Barclay Jr. MD FACC.
    Jun 6 02:03 PM | 6 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]

    To date everything and everybody has been blamed. In the American system juries determine facts. BP has accepted the blame as Captain of the Ship. NOBODY has blamed the GUSHER. Not knowing the future it's possible nothing could have prevented the blow out, and nothing we do will change its course until it plays itself out. Even that cannot be predicted. One lesson for sure, deep water drilling is not risk free even in the best of hands. It's probably the underwater equivalent of sending a manned space station to mars. The risks are great, but the rewards may be disproportionately greater. I don't think we should stop deep water drilling. We are on the steep portion of the learning curve and must learn from our misjudgment and mistakes. We didn't stop sending space shuttles into orbit after one burned on re-entry. I think we should stop pointing the blame finger, stop the well from gushing, and get on with technological progress. Dr. George W. Barclay Jr. MD, FACC.
    Jun 2 12:35 PM | 6 Likes Like |Link to Comment
  • Is Exxon Mobil the Berkshire Hathaway of the Oil Patch? [View article]
    I worked for Exxon(Humble) as engineer, and they are the best. Lee Raymond was an example of the kind of engineer Exxon hires. If our president (USA) and government were anywhere close to Exxon's care and effeciency, they'd be paying a dividend instead looking for more ways to tax. I own Exxon Stock. It's safer than 30-year US bond and pays more. I predict Exxon will revolutionize the search for alternate fuels. e.g. Cold fusion of methane to heptanes and octanes with by product of steam for power generation. Gene transplant of Algae to mass produce gasoline and diesel additives, and Yes! Design of long charging batteries to use in hybrid vehicles. You name it, and Exxon has the scientists and money to do it, and make it economical. We had a policy of showing a two year pay out on any new idea or design we recommended for change. Exxon has always hired the top engineers from the top engineering schools, and they did not waste any talent. They payed better than the rest of industry, and demanded the best or Hasta La Vista. George W. Barclay Jr Texas A&M Class 51.
    Apr 13 12:30 AM | 6 Likes Like |Link to Comment
  • Oil Stock Bargain: 4 Reasons To Buy Baker Hughes For 70% Upside [View article]
    Woodville, Texas 6/3/2012 .I'm an East Texas Barclay, and I am long BHI. Merrill B-1-7 BUY Morningstar BUY S&P BUY. In 1947, Walter Kimmey, James Hunter, Max Griner and I drove from Beaumont to Hull, Texas in the rain over those muddy roads and paid 50 cents to see Jane Russell and John Huston in tent show of THE OUT LAW produced by Howard Hughes whose Dad invented the rotary drilling bit. BHI has just about got a monopoly on fracking equipment which will have world wide appeal. They need skilled workers. They have a notice for 740 openings in Beaumont, Texas advertised on their web site. VLO has doubled refinery to 600,000 Bbl/Day in Port Arthur. Cheneir and XOM are building large import/export LNG and NG for export and XOM is enlarging and adding to Light Ends units in Baytown. They are building the Keystone from Cushing to Houston, Baytown and Port Arthur. I think they ought to close down the Harvard and MIT Business and Law Schools and trained some Engineers. Fossile fuels, wireless communication, and Molecular Biology are growth industries. They aren't that hard if you are intelligent. Thanks! GWBJ.
    Jun 3 01:41 AM | 5 Likes Like |Link to Comment
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