Seeking Alpha

Truthiness

Truthiness
Send Message
View as an RSS Feed
View Truthiness' Comments BY TICKER:
Latest  |  Highest rated
  • Pacific Drilling Is Well-Positioned To Weather The Industry Downturn [View article]
    Look at free cash flow -- for 12 months ending 12/14

    cash from operating activities $396 M
    Capital ex (ie cost to drill) -$1,136 M

    and that was a 1/2 year at $90+ oil

    'Nuff said
    Mar 21, 2015. 06:29 PM | 1 Like Like |Link to Comment
  • The Media Is Dead Wrong About Oil Supply And Demand [View article]
    Here is a link to a comprehensive study of fracking plays http://bit.ly/16z5o4V

    Drilling Deeper reviews the twelve shale plays that account for 82% of the tight oil production and 88% of the shale gas production in the U.S. Department of Energy’s Energy Information Administration (EIA) reference case forecasts through 2040.

    This report finds that tight oil production from major plays will peak before 2020. Barring major new discoveries on the scale of the Bakken or Eagle Ford, production will be far below the EIA’s forecast by 2040. Tight oil production from the two top plays, the Bakken and Eagle Ford, will underperform the EIA’s reference case oil recovery by 28% from 2013 to 2040, and more of this production will be front-loaded than the EIA estimates. By 2040, production rates from the Bakken and Eagle Ford will be less than a tenth of that projected by the EIA. Tight oil production forecast by the EIA from plays other than the Bakken and Eagle Ford is in most cases highly optimistic and unlikely to be realized at the medium- and long-term rates projected.
    Feb 5, 2015. 02:32 PM | 1 Like Like |Link to Comment
  • The Best Oil Opportunities: What To Avoid And What To Embrace [View article]
    US uses ~ 19 MBD, so if you just want to look at that then we have ~21 days supply. -BFD - I have more cat food stored in my pantry.

    BTW, this is an example of MATH, not confirmation bias.
    Feb 2, 2015. 05:57 PM | 2 Likes Like |Link to Comment
  • The Best Oil Opportunities: What To Avoid And What To Embrace [View article]
    If the world uses 94Million B/P/D of oil, 400 Million barrel stockpile is less than FIVE DAYS SUPPLY.

    So this is "awash with oil" means?
    Feb 2, 2015. 12:38 PM | 4 Likes Like |Link to Comment
  • These Oil Companies Will Suffer The Most [View article]
    According to Google Finance, for the first 9 months of 2014
    KWKA CASH FROM OPERATING ACTIVITIES was $-4.98 M; and their CAP EX was $-111.44 M USD.

    It seems to me that they spent a lot to not make anything.
    Jan 12, 2015. 11:28 AM | Likes Like |Link to Comment
  • Understanding The Oil Price War [View article]
    I think the author missed a huge point.

    Poll after poll demonstrated that the American people and the Obama Administration aren't interested in continuing to be involved in events in the Middle East. Saudi Arabia, whose government's continued existence RELIES on US power -- does not want the US to leave the Middle East. The best way to keep the US involved is to keep them DEPENDENT on cheap oil. THe only place that exists is from the Middle East. Destroying the US domestic shale industry will keep the US dependent on Middle East oil for decades to come.
    Dec 23, 2014. 12:36 PM | 5 Likes Like |Link to Comment
  • Update: Seadrill's Partner Rosneft Will Postpone Drilling Of Several Arctic Projects [View article]
    It seems to me that Rosneft is in a mucher BETTER position under these conditions.

    Oil trades in USD, yet Rosneft pays most its bills in Rubles.

    So with the steep decline of the Ruble to the Dollar, Rosneft prospers.
    Dec 23, 2014. 08:33 AM | Likes Like |Link to Comment
  • Seadrill Limited: Complete Fleet Status And Third Quarter Results Analysis [View article]
    Remember for every share sold by someone that thinks its rotten, there is a buyer that thinks its golden
    Nov 28, 2014. 10:26 AM | 3 Likes Like |Link to Comment
  • The Ticking Time Bomb Under The World Economy [View article]
    The people don't care & the oligarchs like money printing.

    What more can one say....
    Jan 3, 2014. 10:49 AM | Likes Like |Link to Comment
  • The Chinese steel sector seems to be recovering, with prices for 63.5% iron ore fines to Qingdao hitting $117 a metric ton, up 29% from a multi-year low on Sept. 7. In mid-September, 29 vessels were chartered to transport iron ore to China, the largest weekly volume since late March. The trends come after the government OKs major infrastructure projects. Stocks that could benefit include BHP, [RIO, VALE, CLF. (previous[View news story]
    Watch BDI
    Oct 15, 2012. 11:14 AM | 1 Like Like |Link to Comment
  • The Supreme Court healthcare opinion: The individual mandate survives as a tax. You can read the full opinion here.  [View news story]
    Well, now you will have healthcare.
    Jun 28, 2012. 10:49 AM | 6 Likes Like |Link to Comment
  • Cheap Natural Gas Provides Domestic Comparative Advantage For U.S. Production [View article]
    Problem is, cheap nat gas not sustainable.

    For most shale gas plays, break even costs is $6 per mmbtu
    Feb 27, 2012. 09:39 AM | 2 Likes Like |Link to Comment
  • Natural Gas Continues Its Epic Fall [View article]
    The gas companies are so profitable, they are cutting back drilling 70%.
    Jan 24, 2012. 05:38 PM | Likes Like |Link to Comment
  • Natural Gas Continues Its Epic Fall [View article]
    You a gas storage tank in your backyard.
    Jan 21, 2012. 12:22 AM | Likes Like |Link to Comment
  • Debt Downgrade Drama: You Ain't Seen Nothin' Yet [View article]
    Apparently George is NOT a student of history.

    China has been the world's dominant economy for 18 of the last 20 centuries. What we are seeing is simply a statistical reversion to the norm.
    Jul 31, 2011. 10:51 AM | 1 Like Like |Link to Comment
COMMENTS STATS
19 Comments
48 Likes