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rv3lynn

rv3lynn
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  • Until inventories increase on the U.S. east coast, refiners are likely to continue making handsome profits and their share prices likely will continue rising, Paul Ausick writes. Eastern refinery closures are contributing to a short supply of gasoline; the difference is made up by gasoline imports from Europe, where refiners are bidding up the Brent spot price to acquire crude to refine and send to New York. [View news story]
    The refiners are killing oil producers. They pay $15-20/bbl discount to NYMEX and look you in the eye and say "It's the market".

    Drilling and production may slow in the future.
    Feb 21, 2013. 11:40 PM | Likes Like |Link to Comment
  • Ford (F -3%) says it will increase motorhome and commercial chassis production by 35% to meet surging demand for recreational vehicles in the U.S. According to the Recreational Vehicles Industry Association, consumer demand for motorhomes bucked the trend of cautious consumer spending to rise 43% Y/Y in Q4. If the trend continues, Winnebago (WGO +2.9%) might put in another stellar quarter after the company smashed estimates in its recent FQ1. [View news story]
    Plus, all those retired and nearing retirement baby boomers are finally back in the market!
    Feb 20, 2013. 10:10 PM | Likes Like |Link to Comment
  • Sandstorm Gold Announces Metal Credit Purchase Agreement with Entree Gold [View article]
    Nolan Watson would not make this trade if if it did not make financial sense. Even in a declining gold market.

    I am long Nolan Watson.
    Feb 18, 2013. 12:03 AM | Likes Like |Link to Comment
  • Observers say an Argentine's court decision last week to uphold a $19B embargo against Chevron's (CVX) local subsidiary makes it unlikely the company will pour money into the country. CVX's agreement to team with Argentina's YPF to invest ~$1B to explore the Vaca Muerta shale formation, with the prospect of $15B in investments in coming years, now seems doubtful. [View news story]
    YPF will have to partner with the Mafia to get these wells drilled.

    But you know what happens when you steal from the Mafia!
    Feb 4, 2013. 09:45 PM | Likes Like |Link to Comment
  • Five Unloved Oil Plays For Contrarian-Minded Investors [View article]
    Yes Michael,

    I reluctantly put my PSX for sale today and it sold like a house on fire.

    Sorry to see it go but I think it is a little over heated.
    Feb 1, 2013. 09:53 PM | 2 Likes Like |Link to Comment
  • Phillips 66 Hits A Grand Slam [View article]
    What a difference a month makes.

    WTI/Midland vs WTI/Cushing sucked last month. Wellhead price in west Texas was $75.00/bbl. Due to new pipe some crude is now moving out of Cushing and a bit is moving out of Midland. WTI is now over $90.00. The WTI/Brent spread is decreasing but there is still a LOT of stranded crude in the heartland.

    Clearly, the refiners margin is decreasing, but is still large. They will post large profits for the rest of the year.
    Jan 30, 2013. 10:09 PM | Likes Like |Link to Comment
  • RPC Surges On Earnings But Necessitates A Deeper Look Into Natural Gas [View article]
    RPC companies like Cudd and Thru Tubing are well represented here in the Permian basin which is 90% oil.

    They repositioned some of their assets here when gas drilling took a dive.

    The company seems to be OK now, and when gas recovers, should have a lot of upside.

    And if the old guy sells, well double, double, double.

    Also long.
    Jan 29, 2013. 10:56 PM | 1 Like Like |Link to Comment
  • Royal Dutch Shell (RDS.A) and Kinder Morgan (KMI) will team up to export liquid natural gas from the Elba Island LNG terminal near Savannah, Ga. Financial terms were not disclosed. El Paso Pipeline Partners (EPB), a KMI unit, will own 51% of the new entity and Shell will own 49% through affiliates and subscribe to 100% of the liquefaction capacity, expected at ~350M cu. ft./day. [View news story]
    OK, now I see it. This is Gulf Coast gas that is looking for a home since the Marcellus is backing out that market. Didn't realize the pipe was so close to Georgia.

    http://seekingalpha.co...
    Jan 29, 2013. 10:37 PM | Likes Like |Link to Comment
  • After A Big Run, Ford Looks Like A Sell And Headed Back For $12 [View article]
    But where were you
    When the stock was two
    And all the family
    Was so blue?

    Even today at ten plus three
    There is a total lack of glee
    But plan to hold for a little while
    Then you'll see ten plus ten plus three
    Jan 29, 2013. 10:09 PM | 1 Like Like |Link to Comment
  • Royal Dutch Shell (RDS.A) and Kinder Morgan (KMI) will team up to export liquid natural gas from the Elba Island LNG terminal near Savannah, Ga. Financial terms were not disclosed. El Paso Pipeline Partners (EPB), a KMI unit, will own 51% of the new entity and Shell will own 49% through affiliates and subscribe to 100% of the liquefaction capacity, expected at ~350M cu. ft./day. [View news story]
    Why Georgia? There isn't any gas close to there. Pipeline from the Marcellus?
    Jan 29, 2013. 09:45 PM | Likes Like |Link to Comment
  • Wait A Second - An American Boom? [View article]
    stockbroker,

    I hate rudeness, and try to avoid it all cost.

    But at times, when you deal with people that are somewhat less informed, you can appear to be rude.

    Let me restate my comment.

    Oil shale is not currently economical nor commercial. All oil shale deposits in Colorado, Utah and Wyoming are not commercially viable. These rocks are thermally immature and moveable hydrocarbons are not present.

    Shale oil is different. It is present in mature oil source rocks and is currently producible in horizontal wells that are multi-staged fraced. In fact, the many shale oil plays currently being exploited have completely changed the oil drilling business in this country. It is a genuine paradigm change. We no longer look for reservoir rock, now we look for source rock. It is a game changer for those of us in the industry in the US and probably for the entire world.

    So I suggest that if you don't know the difference between oil shale and shale oil, you should put in a little study also.

    Politely submitted.
    Jan 25, 2013. 10:35 PM | Likes Like |Link to Comment
  • Wait A Second - An American Boom? [View article]
    Arne,

    Oil shale is not shale oil. It is a completely different resource and concept. Please study the difference.

    The shale oil production now coming on line in the Eagle Ford, Bakken , Niobrara and Utica are game changers. Horizontal drilling and hydraulic fracturing are driving these plays.

    And there are other shale plays in the wings.

    We will back out imported crude. I hope that there will be a foreign home for what we back out. Shale oil production requires $75/bbl to be economic. Hope this is less than OPEC base cost. If so, we will stay in business.
    Jan 24, 2013. 11:49 PM | Likes Like |Link to Comment
  • RPC, Inc.: 20% Growth At A Significant Discount [View article]
    Service companies like RPC are working hard but earning 40% margins. Lots of profit to go here and there
    Jan 23, 2013. 12:39 AM | Likes Like |Link to Comment
  • El-Erian On The Coin [View article]
    I have the press. I can buy the dies. I have the platinum and also titanium, just in case.

    Can I produce a coin also??

    Perhaps I should cut back and only mint $1 Billion coins. That would hardly be competition for the Treasury.
    Jan 14, 2013. 12:27 AM | Likes Like |Link to Comment
  • The Herbalife Distraction [View article]
    Let me assure you from personal experience. The HF distributors that believe in, sell and use the products will not fault the company, even if the distributor NEVER MAKES A DIME. They are true believers. This stock will never go to zero.

    Ackman will eat this.
    Jan 14, 2013. 12:21 AM | Likes Like |Link to Comment
COMMENTS STATS
489 Comments
707 Likes