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  • RPC, Inc.: When Oil Is At $30, It Helps To Be Debt Free And In The Permian  [View article]
    There was a good article in one of the finance mags, Fortune maybe?, two or three years ago that detailed how the company was set up. As I recall it is largely family owned, was established as a diversification to an existing business and had some intrigue as regards to the individuals involved.

    I'll post the link if I can find it.
    Feb 7, 2016. 10:51 PM | Likes Like |Link to Comment
  • The Parts Are Greater Than The Whole  [View article]
    GPC branches like NAPA sell quality parts at a fair price. Real mechanics know this to be true.

    Quack dealers like AZO sell cheap parts to poor people at inflated prices.

    Quality is the best place to be for the long run.
    Feb 1, 2016. 03:33 AM | Likes Like |Link to Comment
  • Here's What ConocoPhillips Might Do If Oil Prices Stay Low Throughout 2016  [View article]
    Amen. We are 16 months into this oil bust and unemployment in Midland is still around 3%. This is my fourth oil bust but it sure doesn't act like previous ones.
    Jan 29, 2016. 09:11 PM | Likes Like |Link to Comment
  • Grandma Got Run Over By A Rate Hike  [View article]
    I've got two light bulbs that been reliable for the 23 years that we've lived in this house. I thought it was some kind of record. Now I am truly disappointed, I can't live long enough to see if it matches your mother's bulb.

    Jan 17, 2016. 10:29 PM | 1 Like Like |Link to Comment
  • Royal Dutch Shell: A Good Bet Despite The Challenges?  [View article]
    I'll bet you $100 that the Burger J well was no dry hole. I'd love to see the logs.

    Shell management saw the hand writing on the wall. Tough production environment, tough political and environmental environment and tough low price environment.

    Too much tough. The big boss said "We are all in and all done."

    The oil however, is still there.
    Jan 10, 2016. 11:06 PM | 2 Likes Like |Link to Comment
  • Ford highlights impact of UAW deal  [View news story]
    Pigs get fat, hogs get slaughtered is a phrase used every day in business.

    The theory is pigs get by OK by not being too greedy. Hogs, trying to get too fat, end up being butchered.

    Sure, the UAW was trolling for some help for their members. They got it, barely, and are now pigs. Had the unruly hogs prevailed, the auto cycle could have turned down right while they were trying to renegotiate. That would have been ugly.

    I agree. This looks like a win/win.
    Dec 1, 2015. 12:47 AM | 1 Like Like |Link to Comment
  • Shell to proceed with expansion of Louisiana chemicals plant  [View news story]
    Does this imply that Shell expects a resurgence in "cooler deep water applications" for oil based mud? Seems unlikely in the short term. Must be other applications.
    Dec 1, 2015. 12:30 AM | Likes Like |Link to Comment
  • 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 | 1 Like 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 | 2 Likes 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