Seeking Alpha

bitter-bob

bitter-bob
Send Message
View as an RSS Feed
View bitter-bob's Comments BY TICKER:
Latest  |  Highest rated
  • Medallion Financial Trouble Brewing Quickly [View article]
    ** In all my years as a New Yorker, taxi medallions have never dropped and are always increasing...always. Like a seat on the NYSE. **

    The same "always" like housing prices across the nation, that 'always'? The housing bubble would like to have a word with you.
    Dec 22 09:46 PM | 2 Likes Like |Link to Comment
  • Cobalt International Energy Is Taking A Bloodbath, AK Steel Holding And The Bon-Ton Stores Will Follow [View article]
    I have found many of MS's "Best Ideas" to be lacking. This seems to be especially true in the energy sector.
    Dec 20 08:52 AM | 2 Likes Like |Link to Comment
  • Why Exxon Can't Afford To Let Shell Steal InterOil Or Its Resources [View article]
    ** Russell Searancke Wellington, arguably Papua New Guinea's (PNG) most connected oil and gas journalist, reported in an article titled "Shell joins battle for InterOil's gas output" **

    So much for the sources of PNG's "most connected oil and gas journalist".
    Dec 7 04:51 AM | 1 Like Like |Link to Comment
  • Nuverra Environmental: A Sinking Ship With Default Risk [View article]
    If the water is being used in fracturing then TSS isn't as big a concern. Frac water is going to include a lot of solids anyway via the proppant.

    TSS is a big worry when you are doing a clear-brine completion.
    Aug 31 07:06 AM | 2 Likes Like |Link to Comment
  • Nuverra Environmental: A Sinking Ship With Default Risk [View article]
    I doubt NES is providing the treatment services otherwise they would have said so in the press release announcing the JV. All that was mentioned from the NES side was they would provide "the logistics, transportation, storage, and overall fluid management." There is no mention of treatment in their own press release; probably for a reason.

    Now why would HAL contract out the logistical aspects? Simple really, it reduces their risk exposure. What are the most likely types of accidents or incidents that can be experienced in this type of operation? Motor vehicle accidents and environmental spills. Contract out the handling portion of the process to a third-party and let them take that risk. Even better if you retain the higher-margin treatment portion of the work.
    Aug 31 07:04 AM | 1 Like Like |Link to Comment
  • Why Exxon Can't Afford To Let Shell Steal InterOil Or Its Resources [View article]
    IOC was almost $90 the last time the author proclaimed a takeover battle was about to ensue earlier this month. I just skip to the comments as they are more entertaining and worthwhile than these articles.
    Aug 26 01:04 PM | 3 Likes Like |Link to Comment
  • Nuverra Environmental: A Sinking Ship With Default Risk [View article]
    I want to focus on my "adjusted salary" of $10,000,000 and see how far that gets me. Probably not very far.
    Aug 26 12:51 PM | Likes Like |Link to Comment
  • Nuverra Environmental: A Sinking Ship With Default Risk [View article]
    EBITDA is not accelerating nicely. As a matter of fact it has dropped 10% over the last two quarters and is roughly the same as it was this time last year. This despite revenues more than doubling over the same time. Revenue growth doesn't mean much if it doesn't translate to profits. Many an investor has been buried chasing the supposed holy grail of revenue growth.
    Aug 26 12:49 PM | 2 Likes Like |Link to Comment
  • Nuverra Environmental: A Sinking Ship With Default Risk [View article]
    ** our whole Energy sector is stifled by the anti-corporate policies of the Obama Adm **

    No it's not. In 2007, US oil production was 5.0 MMbopd. Last year it was 6.5 MMbopd representing an increase of 30%. Over the same time period natural gas production increased from 20,196 Bcf to 25,319 Bcf which is a 25% increase. Production of both has increased every year that Obama has been in office. The same cannot be said for his predecesor's term.

    I realize it's easy to blame Obama for a lot of things but stifling the energy industry isn't one of them.
    Aug 25 10:32 AM | 2 Likes Like |Link to Comment
  • The Best Part Of Growth For C&J Energy Services Is Over [View article]
    ** HAL etc are way too diversified for fracking to make much difference in their stock price. **

    Ha. Did you not notice the ~50% drops in SLB, HAL, BHI from mid 2011 to late 2011 with only a bit of recovery since? That was directly because of fracking.
    Jun 24 12:28 PM | Likes Like |Link to Comment
  • Miller Energy: Faulty Reserve Assumptions And Poor Cash Flow Leave Little Equity Value [View article]
    ** the reserve estimates were done by a third party with 30 years experience in the business, and if this author had any investigation experience at all, he would have called up the people doing the estimates and checked with them because they have one heck of a good reputation **

    Just because you say they have a good reputation doesn't mean it's true. Go take a look at their client list on their web site. It's a veritable who's who of dodgey, fly-by-night, oil and gas companies.

    Heck, the word "Enron" shows up four times.
    Jun 22 02:25 PM | 2 Likes Like |Link to Comment
  • 5 Reasons Hydrogenics Could Triple [View article]
    No worries. I'll need to set aside a few hours (well maybe not that much) to read through your write up. Good luck with your position.
    May 26 09:13 PM | Likes Like |Link to Comment
  • 5 Reasons Hydrogenics Could Triple [View article]
    So much for the "elevator pitch".
    May 24 11:09 AM | 4 Likes Like |Link to Comment
  • InterOil And Pacific LNG Group Enter Into Exclusive Negotiations With ExxonMobil On Development Of The Elk And Antelope Resource [View article]
    If this press release scares you, you need to find another line of work. There are absolutely no details, nothing firm, nothing period in there that wasn't already built into the stock price yesterday.
    May 24 11:05 AM | Likes Like |Link to Comment
  • Why Royal Dutch Shell Is Likely To Bid For InterOil Imminently [View article]
    Actually it's nine months since the imminent bid was supposed to happen. Perhaps Shell had the audacity to ask for an extended well test?
    May 24 08:14 AM | Likes Like |Link to Comment
COMMENTS STATS
261 Comments
273 Likes