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  • Vaca Muerta output to double by 2018, Wood Mackenzie says [View news story]
    The Vaca Muerte formation at this point is the best shale play outside of the USA.

    The Argentine politicians think that they can drive and control this play.

    As we all know, those people are not competent.

    Vaca Muerte is an isolated event that will never go anywhere.
    Nov 21, 2015. 12:19 AM | Likes Like |Link to Comment
  • Report: ConocoPhillips approves $900M Arctic reserve project [View news story]
    If COP wanted 30,000 bopd they could simply drill 30 new Eagle Ford wells or 40 Permian basin wells. The cost would be a lot less.

    What they are not saying is that the NPR wells will have a lot more reserves and reserve extensions than shale wells. Long life, low decline, plus secondary.

    Besides, someone needs to put oil in the TAP. They may get paid to do that.

    Their PE guys and girls are a lot smarter than us SA geniuses.

    Long, real long.
    Nov 19, 2015. 11:23 PM | Likes Like |Link to Comment
  • Q3 Results And Outlook For Vanguard Natural Resources - Bonds Remain The Best Choice [View article]
    If I were running VNR, I would cut capex to zero tomorrow. No more non-op Piceance gas wells, period. I would cut LOE on operated oil properties to the bone. They might need to shut-in some leases. The distribution would be history.

    Then the company would survive and prosper. Hedges would not necessarily control future revenue. The stock should rise.

    Unfortunately, they forgot to call me.
    Nov 19, 2015. 12:00 AM | 1 Like Like |Link to Comment
  • Ford gives first look at next-gen MKZ [View news story]
    Not sure that this grill is an improvement.

    Funny, after the third slide a GM ad popped up. Some hacking going on here?
    Nov 18, 2015. 10:37 PM | Likes Like |Link to Comment
  • Tesla Model X Price Should Not Worry Investors [View article]
    There is a lot of talk about Tesla cars being very expensive. They are high performance cars and those are usually expensive.

    I was in Tulsa yesterday and the Chevy dealer was advertising a Z-28 Camaro for $75,000 MSRP. A pony car for Pete's sake!

    Speed costs money. How fast do you want to go?
    Oct 6, 2015. 10:59 PM | 2 Likes Like |Link to Comment
  • JPMorgan throws in the towel on Banco Santander [View news story]
    Are you certain about this??
    Oct 1, 2015. 10:52 PM | Likes Like |Link to Comment
  • Retirement Strategy: Tesla Has Low Horsepower For My Retirement Portfolio [View article]
    Elon Musk is at war.

    So many people look at Tesla as a company that has this problem or that problem, which demonstrably is true.

    But they overlook the fact that he is at war. He has declared war on the entire ICE industry. And he intends to win.

    Will he win? That is still to be determined. But when you are at war, your success is usually determined by your ability to raise enough money to fund your warlike activities. So far, it is clear that Elon has no problem raising money and spending it as fast as possible.

    An analogy would be what the United States did in WWII. We raised the money in, at that time, what were some very unusual ways. We spent it, and won the war. We may still be paying the bill.

    Will Elon win his war? Not for sure right now. But you can bet he will push his plan until it succeeds or fails.

    The premise is that Tesla is not a stock for anyone thinking about retirement. That seems reasonable. He might lose the war.
    Oct 1, 2015. 10:32 PM | Likes Like |Link to Comment
  • Retirement Strategy: Tesla Has Low Horsepower For My Retirement Portfolio [View article]
    There was a great book written in the 80's titled "The Sporty Game". It dealt with the bet the company investments required to develop a four engine jetliner. As I recall, Convair built their 880, Douglas built their DC-8 and Boeing built their 707. Lots of money was spent developing three airframes that were all basically the same. Convair and Douglas got hurt.

    Fast forward. Tesla has the idea, product and drive. Apple wants to be in the business and they have the money.

    It would be a waste for big egos to disrupt disruption.
    Oct 1, 2015. 10:08 PM | 1 Like Like |Link to Comment
  • America‚Äôs Work Truck Reinvented: All-New Ford Super Duty Is Toughest, Smartest, Most Capable Super Duty Ever [View article]
    I bought my new 2008 F-250 LWB crew cab 4x4 diesel 6 speed manual for $29,500 out the door.

    I would like to get a replacement for something just a bit more. Thoughts?

    OOPS! I missed the late next year sales date. Will keep driving old reliable a little while longer.
    Sep 24, 2015. 01:10 AM | Likes Like |Link to Comment
  • Shell's Arctic drilling plan too risky, ex-BP boss Browne says [View news story]
    Browne was busy politicking and forgot to remind his drilling engineers TO PUMP CEMENT BEHIND THE CASING at Macondo. So you get what you get.

    Shell will be fine in the Beaufort. My guess is that it will be a big discovery. And with a real good cement job.
    Aug 18, 2015. 12:07 AM | 2 Likes Like |Link to Comment
  • North Atlantic Drilling names Sevan Drilling CEO McReaken as new CFO [View news story]
    You are right, the Saudis will not be bankrupt in two years. However, four years of $40/bbl oil and they will be in the same boat as all the U.S. oil producers that are tanking right now.

    It would be a classic case of Mutually Assured Destruction.

    Since the Saudis are no fools, it is clear that the current oil price scenario will not continue until that time. For a long term investor four years is nothing. Pick your entry point.
    Aug 17, 2015. 11:24 PM | 4 Likes Like |Link to Comment
  • The Oil Price War Might Have A Surprising Loser [View article]
    The Saudis knew that if the U.S. shale production incline curve continued on its unprecedented rise that there would be too much oil for the market to accept. They knew that somebody was about to lose market share, and they made the decision that it would not be themselves. I'm sure that when they first saw 1200 U.S. rigs laid down they thought that their plan was working. But apparently, the resilience of the domestic industry has been somewhat unexpected. Their plan will work in time, but I think it is clear now that it may cost them more than they expected.
    Aug 6, 2015. 07:37 PM | 4 Likes Like |Link to Comment
  • ConocoPhillips - 'The Dividend Is Safe' [View article]
    What I like about COP management is that they are adjusting to the rapidly changing price situation in real time. They are not asleep at the wheel.
    Aug 4, 2015. 02:19 AM | 7 Likes Like |Link to Comment
  • When The Fed Begins To Tighten, Quality Stocks Matter [View article]
    If you think I will sell my oil at $10.00/bbl you are nuts.

    I will turn the HOA switch off and take a vacation.
    Aug 3, 2015. 02:43 AM | Likes Like |Link to Comment
  • Rude Awakening For Those Who Ignored The Energy Markets' Warning Signs [View article]
    In the 70's and 80's the Saudis sold lots of barrels for $20 to $30 that cost them maybe $5/bbl to produce. Sweet for them. Margins, OMG!!!

    Times have changed.

    Incremental Saudi barrels now cost the same as anywhere else in the world, like $30 to $40/bbl.

    Why they are posturing that they can continue to deliver cheap barrels when they cannot is a political issue, not an engineering issue.
    Jul 27, 2015. 01:02 AM | 1 Like Like |Link to Comment