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johnybutts

johnybutts
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  • On the hour [View news story]
    I've noticed the same, probably pulling LLS or something rather than Cushing WTI.
    Mar 18, 2015. 02:01 PM | Likes Like |Link to Comment
  • Crude tumbles ahead of stockpiles data, Fed decision [View news story]
    Most operators are realizing capex savings by putting severe pressure on their service companies. This changes that breakeven analysis, despite production/acreage remaining constant.

    The breakeven price can be assumed to be a loose function of commodity prices.
    Mar 18, 2015. 08:20 AM | 4 Likes Like |Link to Comment
  • Natural gas loses decades-old tie to oil in landmark deal [View news story]
    I think that's apples and oranges Stone Fox. The discussion above is France buying gas from Azerbaijan. The U.S. LNG Export is completely untapped on a material scale with very little of the "proposed" exports actually being contracted.

    I think Chenierre and Freeport are both fully contracted, but probably not too much more.
    Apr 11, 2014. 11:10 AM | Likes Like |Link to Comment
  • AIG bonuses exceed targets on improving results [View news story]
    I'd bet money he didn't get a $6B bonus. Probably meant $6M
    Mar 14, 2014. 09:23 AM | Likes Like |Link to Comment
  • Three Sunday reads [View news story]

    @The Geoffster:

    I strong disagree that the lesson young people are learning is socialism doesnt work.

    I'll give you 2 examples - my own personal story and a reddit article. Here's a reddit article comment section from today (12/15/2013) http://bit.ly/1hUZE8q

    Browse through the comments and see what the common consensus is. Generally they are woefully uninformed on how the financial industry works and (most of the time) creates value for our nation/world.

    I'm a 29 year old male. Graduated from a top engineering school in 2007. Went to work in academia for 4 years (2 of which were as a Neuroscience PhD student before i saw the light and quit), worked retail for 5 years as a second job. Then I switched from academia to work for a small oil and gas operator, and now have just switched to the energy finance. Starting school back up part time to get a masters in petroleum engineering next month. - All this to say that I've covered quite a bit of the american economy in the last 8 years. I am the exception.

    My generation generally feels betrayed by the US economy, US government, and by the uselessness of many college degrees. I am still paying student loans off and have JUST managed to start saving for retirement. I see two trends. 1) People working in "persecuted" industries - financial and energy - see regulation standing in the way of economic progress. 2) People working in other industries - academia, retail, service, governemtn, etc - have a mental disconnect between regulation and economic progress. These are the people who think if you have $10 million you can simply put it in a mattress. They don't understand the fact that if you're in the top 1% you're forced to re-invest your money.

    Anyways that's my take on it. It's a divided america. The TSA wasn't a security program, it was an employment program.
    Dec 15, 2013. 11:02 AM | 1 Like Like |Link to Comment
  • Short Halliburton And The Slowing Shale Boom [View article]
    Me too.
    Sep 11, 2013. 09:53 AM | 1 Like Like |Link to Comment
  • COMEX Gold Inventories Plummet: Shorts May Be Forced To Cover Fast [View article]
    I'm not 100% educated on the mechanics of COMEX operation, but your article doesn't seem to address input to COMEX.

    For example: it's totally possible the drawdown on gold supplies stored by COMEX could be stable/steady or even declining; however, the input - delivery from miners - is declining.

    What are your thoughts on this? I'm not sure it actually changes any of your conclusions, but I wouldn't immediately jump on the bandwagon that "selling is increasing", as that might not be the case.
    Jul 22, 2013. 10:51 AM | 1 Like Like |Link to Comment
  • Sandstorm CEO Nolan Watson's Exclusive Interview For Seeking Alpha [View article]
    I respectfully disagree with Nolan on the point that the juniors are intrinsically worthless without capital funding. Reason being, at some pricing level, the big players *should* step in to buy projects for pennies on the oz. This should provide a floor for prices at some point.

    Of course if a junior isn't holding economically mineable projects... then yeah, it's worthless in either scenario.
    Dec 21, 2012. 02:24 PM | 1 Like Like |Link to Comment
  • The Treasury sells $29B in seven-year notes at 1.045%. Bid-to-cover ratio of 2.81, vs. a recent average of 2.65; indirect bidders take 39%, vs. a recent 39.5%. Direct bidders take 19.7%, vs. a recent 15%. [View news story]
    Please explain to us ignorant people on the sidelines.
    Nov 29, 2012. 01:12 PM | Likes Like |Link to Comment
  • Jeff Lacker's down vote today means he's dissented (12 times) from FOMC decisions more often than he's joined the majority (11). He's also on track to dissent at every FOMC meeting this year, a record matched by Thomas Hoenig in 2010. His actions may earn him the ire of his colleagues, but the thumbs-up from those uncomfortable with overwhelming consensus. [View news story]
    "down vote"? Someone's spent too much time on reddit.
    Oct 24, 2012. 03:46 PM | Likes Like |Link to Comment
  • More on Nike-Lance Armstrong: The former world-class athlete's resignation from the Lance Armstrong Foundation could bolster the chances that Nike (NKE +0.3%) sticks with its Livestrong brand of clothing and shoes. More than just a sideshow for Nike, the flareup over Armstrong's doping has forced the company to strongly deny an accusation it bribed an exec with a governing cycling body $500K to cover up a positive drug test. [View news story]
    You're wasting your breath on him.
    Oct 19, 2012. 11:29 AM | 1 Like Like |Link to Comment
  • More on Nike-Lance Armstrong: The former world-class athlete's resignation from the Lance Armstrong Foundation could bolster the chances that Nike (NKE +0.3%) sticks with its Livestrong brand of clothing and shoes. More than just a sideshow for Nike, the flareup over Armstrong's doping has forced the company to strongly deny an accusation it bribed an exec with a governing cycling body $500K to cover up a positive drug test. [View news story]
    A few things.
    1) this is not a criminal investigation. There is no "burden of proof".
    2) LA has already made his career. His net worth is north of 100 $million.
    3) The statements the riders made were originally made under oath as part of a federal investigation. If they lied then, they are goign to jail.
    4) Every american rider who has ever raced with LA has now admitted to doping and admitted LA doped along with them, and that JB and MF helped them dope.
    5) Every rider who's stood on a TDF podium with LA is a convicted doper.
    6) Lance Armstrong was given the chance to tell his story along with everyone else. He chose not to.

    If you're waiting for a smoking gun - pictures of LA with a needle in his arm, you can keep waiting. I realize plenty of people are emotionally invested in LA and Livestrong which makes it hard to give up "hero" status he has.

    As always, this is a free country you can believe what you want. I simply urge you to put all the testimony into context. Some of it is weak, but some of it is also very strong.
    Oct 18, 2012. 08:45 AM | Likes Like |Link to Comment
  • More on Nike-Lance Armstrong: The former world-class athlete's resignation from the Lance Armstrong Foundation could bolster the chances that Nike (NKE +0.3%) sticks with its Livestrong brand of clothing and shoes. More than just a sideshow for Nike, the flareup over Armstrong's doping has forced the company to strongly deny an accusation it bribed an exec with a governing cycling body $500K to cover up a positive drug test. [View news story]
    Oh boy...

    You are woefully misinformed. My explanations will likely not convince you. I urge you to read a little bit here: http://bit.ly/Tv9NaC
    Oct 17, 2012. 04:44 PM | Likes Like |Link to Comment
  • More on Nike-Lance Armstrong: The former world-class athlete's resignation from the Lance Armstrong Foundation could bolster the chances that Nike (NKE +0.3%) sticks with its Livestrong brand of clothing and shoes. More than just a sideshow for Nike, the flareup over Armstrong's doping has forced the company to strongly deny an accusation it bribed an exec with a governing cycling body $500K to cover up a positive drug test. [View news story]
    That link is Nike's statement that it is dumping Armstrong, but maintaining its Livestrong support.
    Oct 17, 2012. 11:43 AM | Likes Like |Link to Comment
  • More on Nike-Lance Armstrong: The former world-class athlete's resignation from the Lance Armstrong Foundation could bolster the chances that Nike (NKE +0.3%) sticks with its Livestrong brand of clothing and shoes. More than just a sideshow for Nike, the flareup over Armstrong's doping has forced the company to strongly deny an accusation it bribed an exec with a governing cycling body $500K to cover up a positive drug test. [View news story]
    http://bit.ly/RCEAT7
    Oct 17, 2012. 11:43 AM | 1 Like Like |Link to Comment
COMMENTS STATS
64 Comments
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