Why I Am Sticking With Patriot Coal [View article]
Robert - "Oil and Coal's days are numbered"...are you high? Do you have a clue how many products are derived from petroleum?
"...staying far away from Oil, but mostly because I don't keep up on Oil." - perhaps you should do a little research before you open your trap.
We will never be able to go 100% green...whatever the hell that really means. it';s just some pie-in-the-sky make believe utopia being pushed by the environmentalist wackjobs who want to impose their belief system on us.
btw - I just bought a new SUV over the weekend. Gas mileage? 14mpg in the city. i live 5 miles from the office, so fuel cost is not an issue. if gas goes to $8/gal, it makes my ride that much better, because all the people in the burbs are taking the park-n-ride bus. when it rains in Houston, the surface streets temporarily flood. By big gas guzzling SUV can get me from the parking garage to my house. A Prius would not. Also, if i get in a wreck with that Prius, I get to go home and hug my wife and kids. Not sure that would happen in a Prius and its not a risk I'm willing to take.
The Long Tail Of Natural Gas Production [View article]
Mark - both natural gas and power are sold in the day ahead/next day/spot markets.
Today's Platts European Gas Daily is showing ":Day-Ahead" prices between US$9.11-US$10.34/MMBtu and US$24.85-US$27.70 Eur/Mwr for UK, Dutch, Belgian, Frnch, German, Austrian, and Italian delivery points. Forward curve out a couple years looks flat.
Why I Am Sticking With Patriot Coal [View article]
What do we need to drive coal and gas prices higher? Economic activity, weather, and sharp reductions in supply/production. We've seen the headlines on the halted production and mine suspension. We've seen a brief period of hotter than normal temps. Jury is still out on economic activity. The result? Nat gas is back to few ticks below $3. Is it sustainable? My view is that we don't see sustained prices north of $4 for quite a while. As gas crosses the $3 threshold and we close in on $3.50, production ramps up and keeps prices below the $4 level. Higher gas prices are good for coal. In general, I'm long energy commodities. But trading on names like PCX is a risky proposition.
If you want to dabble in a few thousand shares each week and make enough money to cover your groceries, electric bill or MA's prescription meds, have at it and good luck to you. The reality is, the long term outlook for PCX is dim. BTU will not buy them. The lenders are increasingly skittish. But the post retirement benefit obligations are a cancer on PCX that will ultimately result in its demise. Why do you think PCX was spun off in the first place?
JPMorgan's Troubles Multiply: Firm Hit With Energy Manipulation Probe And LIBOR-Fixing Investigation [View article]
It's the same story from multiple sources. Of course the reports are going to say "power market manipulation". Its an attention grabbing headline. Not sure how material the inproper payments are. We dont know over what time period, MW volume, specific utilities, rates bases, etc. Its a bit premature to send them to the gallows.
IF its proven to be true, I agree with you that its not good news for JPM at all.
JPMorgan's Troubles Multiply: Firm Hit With Energy Manipulation Probe And LIBOR-Fixing Investigation [View article]
What you said was different. JPM owns merchant tolling agreements whereby the offtake is sold to regulated utilities. I think we should just wait and see how this plays out before jumping to conclusions and saying JPM is maniuplating power markets.
JPMorgan's Troubles Multiply: Firm Hit With Energy Manipulation Probe And LIBOR-Fixing Investigation [View article]
JPMorgan Ventures Energy Corp controls 1/3 of all the power in the LA basin though tolling agreements and a total of 7500 MWs of merchant generation they acquired when JPM bought Bear Stearns. Bear Energy purchased the Williams Power Company in 2007 which at the time was the Energy Risk deal of the year. All it takes is a couple Google searches to pull it up. JPMorgan had a very small and underperforming energy trading business until they bought Bear.
Why I Am Sticking With Patriot Coal [View article]
Why I Am Sticking With Patriot Coal [View article]
"...staying far away from Oil, but mostly because I don't keep up on Oil." - perhaps you should do a little research before you open your trap.
We will never be able to go 100% green...whatever the hell that really means. it';s just some pie-in-the-sky make believe utopia being pushed by the environmentalist wackjobs who want to impose their belief system on us.
btw - I just bought a new SUV over the weekend. Gas mileage? 14mpg in the city. i live 5 miles from the office, so fuel cost is not an issue. if gas goes to $8/gal, it makes my ride that much better, because all the people in the burbs are taking the park-n-ride bus. when it rains in Houston, the surface streets temporarily flood. By big gas guzzling SUV can get me from the parking garage to my house. A Prius would not. Also, if i get in a wreck with that Prius, I get to go home and hug my wife and kids. Not sure that would happen in a Prius and its not a risk I'm willing to take.
Coal Substitution Is Temporary [View article]
Mark and I finally agree on something
The Long Tail Of Natural Gas Production [View article]
great reference
Why I Am Sticking With Patriot Coal [View article]
Why I Am Sticking With Patriot Coal [View article]
Why I Am Sticking With Patriot Coal [View article]
The Long Tail Of Natural Gas Production [View article]
Today's Platts European Gas Daily is showing ":Day-Ahead" prices between US$9.11-US$10.34/MMBtu and US$24.85-US$27.70 Eur/Mwr for UK, Dutch, Belgian, Frnch, German, Austrian, and Italian delivery points. Forward curve out a couple years looks flat.
Why I Am Sticking With Patriot Coal [View article]
If you want to dabble in a few thousand shares each week and make enough money to cover your groceries, electric bill or MA's prescription meds, have at it and good luck to you. The reality is, the long term outlook for PCX is dim. BTU will not buy them. The lenders are increasingly skittish. But the post retirement benefit obligations are a cancer on PCX that will ultimately result in its demise. Why do you think PCX was spun off in the first place?
JPMorgan's Troubles Multiply: Firm Hit With Energy Manipulation Probe And LIBOR-Fixing Investigation [View article]
IF its proven to be true, I agree with you that its not good news for JPM at all.
JPMorgan's Troubles Multiply: Firm Hit With Energy Manipulation Probe And LIBOR-Fixing Investigation [View article]
JPMorgan's Troubles Multiply: Firm Hit With Energy Manipulation Probe And LIBOR-Fixing Investigation [View article]
JPMorgan's Troubles Multiply: Firm Hit With Energy Manipulation Probe And LIBOR-Fixing Investigation [View article]
The Long Tail Of Natural Gas Production [View article]
Why I Am Sticking With Patriot Coal [View article]