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Bob de'Long

Bob de'Long
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  • Asia: 3 Warning Signs Of A Potential Bloodbath Ahead [View article]
    As many above point out, it is a question of timing. I've lost money in the past by assuming my bearish predisposition was correct. Currently, I'm over 50% cash, because the U.S. markets are setting records, not because of some tiny county like Australia.
    Nov 10, 2013. 05:03 PM | Likes Like |Link to Comment
  • Meramec Shale Oil Play Unveiled By Newfield Exploration [View article]
    I have about 30% of my money in NFX stock. But don't be fooled.

    NFX calls this an oil play; their presentation show 40% oil. "Liquids" are not worth much.

    NFX STACK economics shows only 35% ROR, hardly tier 1. NFX's Uinta Basin play has marginal aspects and little market growth exists for the exploding oil volumes being produced by NFX and other E&Ps there.

    NFX has one block in the Eagle Ford that is barely above marginal, but is mass of acreage down there is just rattlesnake pasture (so far).

    NFX's remaining Bakken acreage is excellent, but NFX sold its Williams county acreage to CLR where wildcatter Jack Hamm already had pioneered the new completion techniques that will make this acreage boom.

    NFX CEO Lee Boothby is not proactive; instead over the last few years, he's had to be dragged, screaming and kicking, to do the obvious (examples: sell the offshore Gulf properties and put the Asian offshore properties up for sale).

    I'm still think the stock is underpriced.
    Nov 8, 2013. 03:26 PM | 1 Like Like |Link to Comment
  • Halcón Resources: Why Is The Stock Down Again? [View article]
    Yes, and it reflects on his upbringing.
    Nov 8, 2013. 05:05 AM | Likes Like |Link to Comment
  • Halcón Resources: Why Is The Stock Down Again? [View article]
    I bought yesterday at $4.74 and today at $4.50, because, in spite of terrible management, I think HK is a buy.

    HK's CEO is arrogant and uses foul-mouth language in front of ladies. Hopefully, he'll be driven out of the oil patch and spend his days with forced retirees Tom Ward and Aubrey McClendon.
    Nov 7, 2013. 12:38 PM | 1 Like Like |Link to Comment
  • Westwood Holdings Group Inc. - Flying Below The Radar With A Clear Growth Path [View article]
    "...Byrne founded Westwood in 1983 out of a fierce personal commitment to give investors a trustworthy investment solution."

    J R Ewing said, "I want to give the American people what they deserve."
    Nov 6, 2013. 05:04 PM | Likes Like |Link to Comment
  • Cummins' New 12-Liter Natural Gas Engine Is A Game Changer For Clean Energy [View article]
    Cummins is a huge company. This is just one product of one size in one of their markets. In any event, other firms, CAT for example, have been making natural gas engines for decades. So you have to ask, how will competition react (assuming this engine will sell)? I doubt this engine will move the needle.
    Nov 6, 2013. 02:42 PM | Likes Like |Link to Comment
  • Forest Oil: Fighting An Uphill Battle [View article]
    Good article, Richard. It looks like FST doing its dying-swan dance. At least when FST had the Texas Panhandle acreage there was the possibility of something exciting.

    No doubt technology will eventually make the light blue into green for someone, but I doubt that it will be FST stockholders.
    Nov 5, 2013. 10:06 AM | Likes Like |Link to Comment
  • Oil's Shocking Stock Market Accommodation [View article]
    Oil prices are at $94, because Netanyahu and is marionettes in North America and Europe have chosen to attack, destabilize, weaken, and or/embargo oil producing countries like Iraq, Iran, and Libya (just to mention the big ones). A minor factor is the inherent chaos in places like Nigeria and Sudan.

    Baring these problems, oil would collapse to $60 or less then gradually rebound to $75 or $80.

    I invest in North American E&P oil stocks because I know that politicians will continue to kill and destroy.

    Oil price is controlled by real factors, expanding demand and unstable supply. The Fed is criminal, but to credit them with oil prices is a borderline conspiracy theory.
    Nov 5, 2013. 06:18 AM | Likes Like |Link to Comment
  • Why Chesapeake Energy Isn't A Takeover Target [View article]
    CHK is an unlikely acquisition target because:

    Most buyers want a focused resource play (one or two producing areas). CHK is as unfocused as you can get.

    CHK has so much scattered acreage that it’s hard to evaluate what it is worth.

    CHK as too many joint ventures. CHK’s remaining net ownership in many of its ventures is rather small. In some respects, CHK has become an indentured contract operator for its JV partners. Experienced engineers are not a commodity.

    There is not much stupid money left.

    That rag-picker Carl Ican is involved is evidence that CHK is garbage.

    Big firms do not want to buy bad publicity. We may have seen only the tip of the iceberg of revelations from the McClendon era of CHK.

    My experience is that most oil patch acquisitions come as a bolt out of the blue and are not preceded by rumors started articles from the clownish media.
    Oct 28, 2013. 06:40 AM | 4 Likes Like |Link to Comment
  • U.S. Shale Oil: Service Equipment Surplus To Sustain Cost Advantage [View article]
    There was a dramatic shortage of pressure pumping units, but not only did the number of units increase but also the capacity to fabricate the units increased.

    Short of a very major oil supply disruption, costs for services will be flat. It's a non-factor.

    The only real scarcity that determines which oil firms will be the most profitable is the scarcity of top tier oil/gas reservoirs in politically stable areas.

    Oct 28, 2013. 05:05 AM | 4 Likes Like |Link to Comment
  • 20 Bcf Per Well: New Operating Standard In The Marcellus Shale? [View article]
    User 353732, is correct. And the U.S. E&P men have done this despite a hostile federal administration. The decrease in oil imports has made us less dependent on foreign undependability and improved our balance of payments. Cheap natural gas and gas liquids has fueled a much stronger U.S. industries, especially plastic, glass, chemicals, and even iron & steel.
    Oct 27, 2013. 07:04 PM | 11 Likes Like |Link to Comment
  • Libya said to block Marathon effort to sell oil venture [View news story]
    Investments in Third World countries is a "Hotel California," you can check out but you can never leave.

    MRO has some fantastic assets in North America, buts its interests in Libya are liabilities.
    Oct 26, 2013. 05:46 AM | 1 Like Like |Link to Comment
  • $5T Permian Basin boom threatened by falling crude prices [View news story]
    Lower oil prices mean less drilling; higher oil prices mean more drilling. But it's a gradual change in both directions - a schedule of available drilling opportunities that vary by oil price.

    Overall the Bloomberg article is stupid and naïve, bordering on childishness. Maybe it will panic some into selling E&P stocks, driving down stock prices, and making opportunities for those who don't take oil advice from creatures in NYC. I'm 60% cash; make my day.

    I think oil stocks (and the whole market) are too high for my blood; I'll wait until the NYC crowd panics and runs.
    Oct 26, 2013. 05:40 AM | 9 Likes Like |Link to Comment
  • SandRidge trusts sink after sales volumes fall short of estimates [View news story]
    Trust are just a major financing tool for E&Ps. SD will not be able to use the tool again and it damages other E&Ps. As I type, SDR is down 15.6% today.
    Oct 25, 2013. 01:47 PM | Likes Like |Link to Comment
  • 2 Things I Like About Southwestern Energy Company [View article]
    Good article. I agree. SWN along with WLL and CLR (and only a few others) is one of the very best exploiters of petroleum deposits. Unfortunately, SWN doesn't have much to exploit.

    If the Brown Dense had hit (it may yet do so), SWN would have exploded upward. They have some other oil wildcards but I'm not holding my breath.
    Oct 25, 2013. 06:12 AM | Likes Like |Link to Comment