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chazsf

chazsf
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  • Putting An Estimated Yield On The Distribution Restart Of Eagle Rock Energy Partners [View article]
    "•Minus quarterly maintenance capex guidance of: $13.5 million"

    According the company, maintenance capex is half of that at $6.75 million.

    http://bit.ly/1nad3Id

    If I "correct" the maintenance capex, that should increase the author's DCF from $9.6 million to $16.35 million, or from $0.06 to $0.10 per share quarterly, a 67% increase.

    At a current price of $4.25 per unit, that indicates a 9.4% yield.
    Aug 20 12:02 PM | Likes Like |Link to Comment
  • The Italian Runaway Train [View article]
    Very well written, thank you.

    If passing German scrutiny means treating all Eurozone countries equally, then that means free money for all.
    That would be the same as we currently have in the USA, free money for all 50 states.

    You can roll debt forward a long time at a +/-0% interest rate. And if the Eurozone goes into deflation, a 0% rate might be the economically correct call or programme.
    Aug 18 04:53 PM | 1 Like Like |Link to Comment
  • Boeing: Stabilizing Operating Margins Through Timed R&D Expenses? [View article]
    "I don't think they will have enough money left to fund the growth"
    Aug 18 03:03 PM | Likes Like |Link to Comment
  • Halcón Resources: Eagle Ford Update And Latest TMS Data Points [View article]
    The story going around is the money comes from wealthy Arabs and the weapons were abandoned by the Iraqi army.
    Aug 18 12:45 AM | Likes Like |Link to Comment
  • Occidental Petroleum: A Smooth Operator With Slow-Moving Alpha Speeding Up [View article]
    "But I think overall, OXY fits a certain investment approach that has some yield one can live with."

    Originally, I thought you were saying something more definitive.
    Aug 15 11:24 PM | Likes Like |Link to Comment
  • Lynden Energy - Unknown Permian Basin Pure Play Could Triple [View article]
    The US government's Energy Information Administration publishes forecasts of oil production and consumption. Their "reference (best) forecast is that the US will continue to get 25% or more of its crude oil from imports. However, the forecasts have a wide range widely, from 0% to 40%.
    Aug 15 06:30 PM | 1 Like Like |Link to Comment
  • Occidental Petroleum: A Smooth Operator With Slow-Moving Alpha Speeding Up [View article]
    "with OXY, this attribute of mini-conglomerate, in comparison to mega-conglomerates Exxon Mobil (NYSE:XOM), Shell (NYSE:RDS.A) (NYSE:RDS.B) and BP (NYSE:BP), is highly salient"

    Is this an argument in favor of integrated oils generally?
    Aug 15 06:19 PM | Likes Like |Link to Comment
  • Halcón Resources: Eagle Ford Update And Latest TMS Data Points [View article]
    "if you belive oil will appreciate over the next couple of years -------it is a buying opportunity."

    Probably true for many of the E&P companies.
    Aug 15 06:14 PM | Likes Like |Link to Comment
  • Halcón Resources: Eagle Ford Update And Latest TMS Data Points [View article]
    "During the month of June, Halcón Resources' (NYSE:HK) average daily gross oil production in El Halcón (Eagle Ford) in East Texas declined by approximately 16% month-on-month. The decline is explained by the trough in the company's completions schedule that I wrote about in my previous note. The latest state data indeed confirms my estimate that no new wells were connected by the company in El Halcón in June.

    Are you saying that existing well production declined by 16% in one month?
    Aug 14 04:07 PM | Likes Like |Link to Comment
  • Look To Canadian Banks For A Strong Financial Exposure [View article]
    Such a scheme violates the United Nations Convention on the Law of the Sea, 1982, which provides in part:
    "Article 26
    Charges which may be levied upon foreign ships
    1. No charge may be levied upon foreign ships by reason only of their
    passage through the territorial sea.
    2. Charges may be levied upon a foreign ship passing through the
    territorial sea as payment only for specific services rendered to the ship.
    These charges shall be levied without discrimination."

    http://bit.ly/1rsX6j6

    Since Canada ratified UNCLOS, such a scheme also violates Canadian law - unless Canada decides to renounce UNCLOS.

    http://bit.ly/1rsX6j7

    Frankly, I don see that happening.
    Aug 13 08:00 PM | Likes Like |Link to Comment
  • Look To Canadian Banks For A Strong Financial Exposure [View article]
    "climate change allows Canada to take advantage of controlling the shipping lanes"

    Neither will Canada deny innocent passage to any vessel, nor will there be a control advantage.
    Aug 11 10:04 PM | Likes Like |Link to Comment
  • Natural Gas, Natural Gas, Natural Gas [View article]
    I expect natural gas in storage to recover before year end.

    That said, I appreciate the potential for LNG exports to boost natural gas prices.
    Aug 11 07:26 PM | Likes Like |Link to Comment
  • Richmond's Goodwill Is Worth $2 Billion For Chevron Annually [View article]
    Just to clarify ...

    The $2.2 billion in downstream earnings for 2013 was Worldwide.

    US downstream earnings for 2013 was $0.8 billion.

    Per the Chevron Annual Report, pages 15 and 16: http://bit.ly/1sz5uOM

    Richmond refinery is not separately broken out, but the author is probably off by a factor of 20X.
    Aug 9 07:27 PM | Likes Like |Link to Comment
  • Canada's Housing Bubble Is Primed To Pop [View article]
    "Did the housing bubble not result in ludicrously high home prices relative to historic trends?"

    In some places -yes, in other places -no. "All real estate is local".
    Aug 9 06:42 PM | Likes Like |Link to Comment
  • MLPs - Yes, They're Okay In Your IRA And Other Tax Questions Answered [View article]
    "If no distribution received, no K1 tax issue."

    Not sure I agree. The MLP is still earning income, taking depreciation, etcetera. All those tax items need to be allocated to the unit owners, and apportioned in the case of a partial year.

    (However, I have no personal experience with that particular wrinkle.)
    Aug 7 06:26 PM | 1 Like Like |Link to Comment
COMMENTS STATS
633 Comments
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