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chazsf

chazsf
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  • Apache - Accumulate Energy While There Is Blood In The Streets [View article]
    These guys have had a lot of asset write downs:
    2012: $1.9 B
    2013: $1.0 B
    2014: $4.4 B
    2015: " If oil prices do not recover significantly from the current futures market price indication, the Company expects further write-downs of the carrying value of its oil and gas properties, which may be material to the Company’s consolidated financial statements, throughout the remainder of 2015."

    http://bit.ly/1yakncN

    Good luck to those who take the plunge.
    Mar 26, 2015. 12:41 AM | Likes Like |Link to Comment
  • The Future Of Seeking Alpha [View article]
    Of the authors I have read here on SA, there are two who I think are worth money, and they both offer subscription services already.

    What would be their incentive to sell through SA?
    Mar 25, 2015. 01:02 PM | 8 Likes Like |Link to Comment
  • Linn Energy: A Bold Move [View article]
    "I don't that's so clear. If it were, Whiting wouldn't have had to sell 35 million shares yesterday."

    Perhaps it is a seller's market when it comes to leveraged shares, and a buyer's market for individual assets. Which over-leveraged company will offer what assets tomorrow?

    The Line deals strikes me as neither. I see them as a way for Line to keep busy and to earn some sort of kicker or upside.
    Mar 25, 2015. 12:43 PM | 3 Likes Like |Link to Comment
  • Very Large Aircraft Market Analysis: Why The Mini-Jumbos Are Closing In On The Superjumbos (Part 1) [View article]
    "For Airbus, however, the A380 is a disaster. The airplane is a prestige project and is not generating any profit for Airbus."

    Agreed, so why spend even more money on this project?
    Mar 24, 2015. 07:23 PM | Likes Like |Link to Comment
  • Icahn increases Chesapeake Energy stake to nearly 11% [View news story]
    "billionaires tend to not lose money over the long term"

    True, but Chesapeake has not traded this low since 2004.
    Mar 24, 2015. 02:15 PM | 1 Like Like |Link to Comment
  • Crude Oil: Why A 'Storage Crisis' Might Not Be So Bad After All [View article]
    "Why do we import oil?"

    Because we use more than we produce.
    Mar 23, 2015. 12:59 PM | 1 Like Like |Link to Comment
  • Crude Oil: Why A 'Storage Crisis' Might Not Be So Bad After All [View article]
    "An affordable electric car with a range of 50 to 75 miles has the possibility to wipe out most of the oil industry."

    Hilarious.
    Mar 23, 2015. 12:44 PM | 7 Likes Like |Link to Comment
  • Crude Oil: Why A 'Storage Crisis' Might Not Be So Bad After All [View article]
    "@Lucky - http://bit.ly/1GHDCz9"

    I think artfull, comment prior, is talking about stripping condensate out of crude oil production, keeping the crude and re-injecting the condensate.

    The articled referenced by TR, just above, is talking about stripping condensate out of natural gas production, keeping the condensate and re-injecting the gas.

    In one case the condensate is re-injected, in the other case the condensate is kept.
    Mar 22, 2015. 06:54 PM | Likes Like |Link to Comment
  • Better 4% Dividend Stock: ConocoPhillips Or Occidental Petroleum? [View article]
    Oxy spun off +/-80% of CRC, still owns the balance of shares.
    Mar 20, 2015. 02:10 PM | 1 Like Like |Link to Comment
  • Chevron Stock At The Magic 4% Yield Mark [View article]
    Exxon is the original Standard Oil although Sohio liked to claim that.

    Major spinoffs include Chevron, Mobil and Amoco (BP North America). Other spinoffs include Sohio (BP Alaska), Marathon, Atlantic (ARCO).
    Mar 20, 2015. 01:52 PM | 1 Like Like |Link to Comment
  • BHP outlines plan to spin off South32 [View news story]
    Why would you expect two separate companies of different sizes and holding different assets with different managements to trade for the same price?
    Mar 20, 2015. 01:06 PM | Likes Like |Link to Comment
  • Oil And Gas Stocks - That Evasive Inflection Point [View article]
    In the "Correction Scorecard", the author counts a change in Suncor from $43.08 to $28.59 as a +46% change instead of -46%. (I also calculate the change as -34% using the numbers shown.)

    The error also invalidates the average group change, as the -19% it shows is less than any of the number that go into that average.
    Mar 19, 2015. 08:05 PM | Likes Like |Link to Comment
  • EXCO Resources: Weathering The Storm [View article]
    The comment on strip pricing was made by the article author. (Notice the quotation marks.)

    My comment was on SEC PV-10 pricing.
    Mar 19, 2015. 07:44 PM | Likes Like |Link to Comment
  • BHP Billiton: Increasingly Attractive For Dividend Investors After The Demerger [View article]
    "the ratio is mentioned in the Shareholder Circular (link provided in the article) on page 9"

    The ratio is on page 23 in Table 3.1. The math does work:
    1 BHP receives 1 South share, however
    1 BHP share = 0.5 BHP ADR
    1 South share = 0.2 South ADR
    They just did an odd thing in setting a different ADR values.

    You can elect to receive cash instead of South shares (unless you own 10,000 shares or more).
    Mar 18, 2015. 07:36 PM | Likes Like |Link to Comment
  • Allied Nevada Gold files for Chapter 11 [View news story]
    "they have Assets of $1.392 billion and liabilities of about $640 million. Does that get taking into account by the judge?"

    Yes. However, net assets is not the only test for bankruptcy. Another test is running out of cash.
    Mar 15, 2015. 01:57 PM | Likes Like |Link to Comment
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