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Panhandler1949

Panhandler1949
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  • Seadrill: Why I Don't Care About Mr. Market's Knee-Jerk Reaction [View article]
    I think Mirfuerte (above) is correct. The financial markets probably forced him to suspend the dividend to reduce debt, in order to allow him to re-finance his hefty debt load at a reasonable cost.
    Nov 27, 2014. 12:10 PM | 4 Likes Like |Link to Comment
  • Rail is no longer seen as just a stopgap for transporting oil until pipelines are built. Case in point: Kinder Morgan Partners' (KMP) proposed 277K bbl/day Freedom pipeline would be the first to bring light, sweet oil from Texas' Permian Basin to California, but refiners Valero (VLO), Tesoro (TSO) and Phillips 66 (PSX) won't sign contracts to use Freedom, preferring the flexibility of rail cars and barges. [View news story]
    More like $0.20/gal.
    May 26, 2013. 04:11 PM | Likes Like |Link to Comment
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