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Bob de'Long

Bob de'Long
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  • Kinder Morgan And U.S. Pipeline System Age, Maintenance And Incidents [View article]
    lol, looks like a paid PR article.
    Sep 21, 2013. 06:27 AM | Likes Like |Link to Comment
  • EPA's new carbon rules hurt coal, could accelerate shift to natural gas [View news story]
    It takes 5 to 7 year to build the "proposed plants" that this article discusses. The PV of cash flow 5-7 years out is zero.

    The rules might affect some firms that sell or construct the plants, otherwise the investment value is zero.
    Sep 21, 2013. 06:24 AM | Likes Like |Link to Comment
  • Frank Curzio: How To Play The Diesel/Natural Gas Switch And U.S. LNG Exports [View article]
    "... where almost every major trucking fleet is planning on switching from diesel to natural gas." This is news to me.
    Sep 20, 2013. 01:49 PM | 2 Likes Like |Link to Comment
  • Newfield Exploration's CEO Presents at UBS Houston Energy Symposium (Transcript) [View article]
    I was shocked at CEO Boothby's admission that: "The Uinta has been hampered ... they probably have averaged 20% (ROR) or something like that."

    A 20% return is sub-marginal in the oil patch. 30% is marginal theses days. When Boothby bragged back when the play was new, he was talking about 50%-80% returns. Furthermore, he strongly hinted that these would improve.

    NFX under Boothby has been a big zero.
    Sep 20, 2013. 08:35 AM | Likes Like |Link to Comment
  • Linn Effectively Admits To Misleading Investors And Announces Key Accounting Changes [View article]
    With the market at an all-time high, and LINE way down on a year chart, something is rotten.

    Oil firms that grow by acquisition, are to be avoided.
    Sep 19, 2013. 11:59 AM | Likes Like |Link to Comment
  • Bill Powers: Give Up The Shale Gas Fantasy And Profit When The Bubble Bursts [View article]
    Mr. Bill Powers is wrong, stupidly wrong.
    Sep 18, 2013. 06:54 PM | 1 Like Like |Link to Comment
  • Possible Acquisition Targets For Repsol In The Oil Patch [View article]
    If Repsol is looking for management as well as exploration acreage, then WLL is the clear answer. WLL has outstanding properties in North Dakota and Colorado's Wattenberg. WLL also has an acceptable west Texas property and three "stealth" plays.

    KOG has wonderful and narrowly focused activities. It is a one-trick pony. OAS would be another good focused pick. CXO, another great focused firm, is probably too large for Repsol's budget.

    If Repsol is looking for a dog at a bargain price but that has potential, NFX might be a choice.
    Sep 18, 2013. 06:40 PM | 1 Like Like |Link to Comment
  • Companies mentioned as potential Repsol targets posted gains today [View news story]
    1.6% (KOG) is about the average for oil E&Ps yesterday. CRZO was very strong. WLL is just recovering ground. I believe an acquisition only when there is one.

    PS WSJ writers have a habit of pump and dump ...... and then jail time.
    Sep 18, 2013. 07:44 AM | Likes Like |Link to Comment
  • Oasis Petroleum Increases Williston Basin Position By Nearly 50% [View article]
    Thanks O&G 360. Good article and a comprehensive update.
    Sep 16, 2013. 08:14 PM | Likes Like |Link to Comment
  • Whiting Petroleum Expects 5-To-1 Return On Its Redtail Niobrara Wells [View article]
    I've done well on WLL. When WLL announced the natural gas plant at Redtail, I bought more.

    I still think WLL is undervalued relative to CLR, EOG and the rest of the pack.
    Sep 12, 2013. 07:47 PM | 1 Like Like |Link to Comment
  • Natural Gas And Dry Gas Producers Are Years From A Recovery [View article]
    Natural gas is used for many things besides electric generation: heating, refining, plastics, glass and iron & steel.

    CHK’s and Encana’s problem has been management, and to a lesser extent, they are too big and cumbersome to be nimble.

    Oil stocks have benefited from the embargo on Iran and people blowing up pipelines in more than a half dozen unstable countries.

    Low natural gas prices are here to stay, but low gas-prices for a few years out are “price-in.”
    Aug 20, 2013. 11:52 AM | Likes Like |Link to Comment
  • Newfield China divestment plans slowed [View news story]
    NFX's Lee K Boothby continues to blunder. He and his CFO should be removed. They took extraordinary risks to earn marginal profits (at best). The potential liabilities for error offshore Red China in a river mouth are unlimited.
    Aug 15, 2013. 09:14 AM | Likes Like |Link to Comment
  • Coal Has Officially Bottomed: How To Play The Rebound [View article]
    Major averages are near their all-time high, and BTU is still below its 2008-9 bottom.

    Coal firms have a residual value but a the thermal coal business in the US will be, at best, static.

    The tsunami of cheap natural gas is just starting.
    Aug 14, 2013. 05:23 AM | 1 Like Like |Link to Comment
  • Charlie Munger Thinks Oil Is Absolutely Certain To Become Incredibly Short In Supply [View article]
    I glad good old "Charlie" can predict the stability of a dozen oil producing countries, and whether in a dozen or so countries pipeline terrorism and theft will increase or decrease.

    Either way that you bet on oil, it's a gamble
    Aug 13, 2013. 02:08 PM | 3 Likes Like |Link to Comment
  • Bakken Update: Bonanza Creek's Q2 Horizontal Wells May Be Killing Its Conventional Production [View article]
    Wattenberg stocks are exciting, but like the rest of the market they seem over-priced. There is too much downside risk. I’m holding about 40% cash.

    In addition to those concentrated players mentioned by Mr. Fillon, I would add BBG.

    WLL is my only exposure to the Wattenberg. 25% of WLL’s 2014 CapEx be on their concentrated Redtail project in the Wattenberg; this includes a natural gas plant under construction.

    WLL is manufacturing wells (exploitation phase) by moving in two dedicated pad-drilling rigs. No one better knows how to quickly and efficiently exploit a lease play than Whiting. Two more rigs will soon arrive.

    WLL CEO James Volker says Retail is a good as the best of the Bakken with a 5:1 to 6:1 of CapEx. That’s hot.
    Aug 12, 2013. 06:06 AM | Likes Like |Link to Comment
COMMENTS STATS
701 Comments
998 Likes