blanco-dee

13 Comments

    • Study: U.S. Has 118 Year Supply of Natural Gas [view article]
      I like the idea of using nat gas as a fuel for transportation, and I find it incredible that even the head of Sempra on Mad Money tonight wasn't sure how it would be distributed as a transportation fuel. (I forgot his name) - but they are a midstream distributor. They send it off to end users by getting it to the utility companies.

      I use nat gas every day, and as a heating fuel in the winter. If only I had a compressor in my garage I could top off my tank when I needed to, and then drive to a nat gas station when I needed alot for a longer trip than going to work.

      There's plenty of basic infrastructure that could be beefed up in 10 years, and I looked into it 12 years ago to see what it would take to get a Ford E-150 van converted. The saddle tanks were overpriced at $600, but the whole conversioo was pretty easy, and most I could have done myself (carburated vehicle). That's about when BP opened their first CNG filling station in Farmington, NM mostly for fleet use(may have been (BP-Amoco at the time)

      I do love the algae idea in the long term, I think of coal fired power plants with adjacent carbon sequestratioon facilities growing mass quantities of algae. Oil getting squeezed for bio-diesel, and the cellulose converted to ethanol (or liquor)

      And I have 220 volt power at my house too - for a daily use commuter vehicle I could charge at home, it would be great except for the fact that GM will want to charge me $20K for one in 3 years.

      I should mention I'm an investor in Canroys, because I work for the government getting involved in too many energy issues, so I have a conflict of interest in most US nat gas E&P/oil companies, and pipeline companies, and soon it will be solar and wind and the larger scale project's footprints on the land are pretty hideous. I am consideriing solar on my rooftop, , but that's another utility company fiasco, even with tax breaks it is a large investement and break even in the long run.

      Right now my carbon footprint is awesome - and that's fun until gas gets over $5, I only have 3 gas guzzlers and an electric or nat gas 2 seater would help alot.

      Does anyone know if T. Boone Pickens actually said "If you don't rush the monkey, you'll get a better dance" ?

      have a good one,

      BDO       Aug 12 01:51 AM
    • Canadian Superior Energy: On the Brink of Hitting the Jackpot? [view article]
      SNG also has onshore assets in western Canada which folks often overlook, T&T is the big play and their success so far has largely been ignored in the market. We are all wairting for the bounty results, and most expect something very impressive,

      This stock has great potential, even considerng the time it will take to get these wells online. Their partnership with BG Group is a very important component of their future success, and we all hope the existing gathering system will be able to accomodate the volume these 2 wells are likely to bring.

      DTBL,

      BDO       Aug 04 09:24 AM
    • China Raising Fuel Prices Unlikely to Cool Red Hot Oil Market [view article]
      It is never a matter of rejecting obsolete technology, only of embracing new...

      Its is all a matter of style, and Americans will simply purchace an additional vehicle. I have 3 now, but considering daily driving, i'll just get another to reduce my daily carbon footprint, for commuter use.

      I will still have a vehicle to tow my sloop to the lake, and a serious 4-wheeler, and a styling porsche for a road groove - I'll just change my habits, and today I saw a freakn' Tata motors go-cart in Santa Fe NM and I'll steal one if I have to. The way commuter traffic goes, who needs an air bag? Just drive something moore substantial on the freeway. And save your Hummer for weekends.

      Plus, with the money to be made working the crack spread I've already made enough gazz $$ to sponsor a fun summer - at $4.89 a gallon for premium. At 18 MPG

      Chill out and expect that the market can work for you, just don't turn your back on it for a single minute. Work it like a cheap date and forget about marriage - buy and hold is just too dangerous, and the divorce could kill you!

      Communism and third world oppression were the best thing the US had going for it - but we'll adapt, we're investors!


      Survive - and flourish!

      DTBL

      BDO       Jun 20 10:15 PM
    • David Einhorn/Lehman Brothers: Another NYT Hatchet Job [view article]
      I admit there are better analysts than the in-bred crew who rule the stock world. However, I believe even a blind squirrel finds some nuts from time to time, and in a financial market where lies and obfuscation by leading international financial concerns continue to drive dollars into pennies, there are many more nuts out there,

      squirreled away. Friday's enthusiasm for financials might just be more of the same old "buy on the rumour - sell on the news"

      I promise to steal Einhorn's book - it is not worth a dime.

      Death to Bin Laden!       Jun 14 11:38 AM
    • Banks: Systematic and Non-Systematic Risk [view article]
      Another quite reasonable alternative is to just give up on the financials and go short by buying XKF.

      The world economies are heading for trouble with commodity demand and inflation is a very real concern, stagnation and poor performance in domestic banks will probably follow.

      Good luck.       May 26 03:21 AM
    • Banks: Systematic and Non-Systematic Risk [view article]
      Another quite reasonable alternative is to just give up on the financials and go short by buying XKF.

      The world economies are heading for trouble with commodity demand and inflation is a very real concern, stagnation and poor performance in domestic banks will probably follow.

      Good luck.       May 26 03:20 AM
    • Financials Back to Oversold [view article]
      Why bother with financials right now? I don't think we'll misss the boat on these companies, run by scumbags, they won't raelly come back until after the election results are in. and maybe not even then.

      SKF and SRS are the way to go in the meanwhile,

      I hate banks!

      BDO       May 23 09:41 AM
    • Countrywide CEO Finds Struggling Homeowners “Disgusting” [view article]
      What is important to see in Angelo Mozilla is that he looks like a thug - next time you see him on TV take a close look, he looks like an enforcer for the mob!

      sometimes instinct is important, I think he looks and acts like a sleazy guy, so I'm not surprised he's taken alot of people for alot of money. Bank of America already has plans to get rid of him, though not involving cement galoshes i'm sure

      BDO       May 22 02:29 PM
    • Penn West Energy Trust: My $50 Price Target [view article]
      Jack - what do you think of the prospect of PWE or PGH being likely buyout candidates by the major integrated? I wasn't too surprised when Conococo-Phillips bought Burlington Resources, however I was surprised at the premium they paid.

      ( Conococo - I type poorly, but it sounds great, I think I'll just start calling them that from now on, it has a nice "commodity bubble" sound to it)       May 22 08:49 AM
    • Oil Is Up Due to Fundamentals, Not Speculation [view article]
      Harus's posted links are recent and critical to understanding the current situation we are in with futures markets which are completely un-regulated by the CFTC.

      In particular the Masters testimony to the Commitee on Homeland security and Government Affairs Senate comitee is beyond compelling - its the plain truth.

      So what happens even if the CFTC starts regulating these markets? will an international effort follow to regulate international markets, or is it just the final resort of getting the UN involved, something I don't generally like, or even like thinking about.

      So much for free markets, the rich and powerful are still manipulating markets based on unsustainable greed - at everone's else's expense, and ultimately their own.       May 21 10:39 PM
    • Peak Oil and Climate Change: Re-Tooling Transportation [view article]
      An excellent summary of the current and future for irresponsible citizens like myself - my carbon footprint is even bigger than last decade, and I intend to squander as much petroleum as I can before all of those ex-communist countries bring their citizens out of poverty and use up the rest of the available oill!

      An excellent reminder to buy/overweight E&P companies, oil servicecompanies, and also whatever companies milk international consumers without many dimes lft to spend.

      The social impacts of the current fuel pricing situation is bound to make for further class struggles betweeen the have-less and the moderately affluent so-called middle class, somehow i think the notion of community will become even more of a stretch in the good ole USA, and other countries without subsidized transportation fuels.

      Communism and oppression of the third world by their own leaders was the best thing the US had going for it, I agree with the author that things are going to get very interesting in the next 4 years - and I'm not referring to politics.       May 19 10:42 PM
    • The Importance of Stock Picking, Illustrated in Oil [view article]
      To take it one step further, despite the fact that refiners are doing so poorly, in times of extensive over-speculation on oil exploration and production companies, and oil sector ETFs, the refiners make sense as a hedge.

      buy low, sell high - selling oil stocks higher was last weeks play,

      good luck to the posters, with GW talking to the Saudis this week I expect some excitement over E&P companies this week and next - hold on to your hats!       May 12 03:11 PM
    • Penn West Energy Trust: An Underappreciated Gem [view article]
      I began investing in the pre-cursor of this company over 8 years ago, as it was NCE Petrofund, later becoming Petrofund, and merging a couple years ago as PrimeWest, spilling back an incredible amount of $ per share as a result of the merger. I've spent to much time in the San Juan Basin in New Mexico, where nat gas prices ran at 2-3 bucks an mcf in the late 90's, and conflict of interest issues kept me from investing in the domestic plays. It was just osmosis, all my neighbors were drillers, and I dealt with lease development issues every day. At any rate, it turned out to be a triple when I sold out at the end of 2006, and I bought back in in 2007 - but when the Canadian Finance minister, Jim Flaherty announced that Canadian Trusts would be no longer after 2010 (the announcement was on Haloween 2006), the entire Canroy sector/group lost 30 billion of market capitalization in a single day.

      Alberta wants to raise provincial taxes on these Canroy E&P companies, and this is one factor which has held them back. I consider them all takeover candidates by the majors, and even if they aren't bought outright, they will probabaly find some "master limited partnership" structure to morph into another suitable investment for high yield investors.

      Just the fact that there are so few comments to this article/blog is an indication of how few investors really follow these. When I consider how many mortgage payments I've made off the dividends its no wonder I just can't stay away.

      Some investors just can't invest in the great domestic nat gas plays - I spend too much time promoting responsible energy development, I just can't buy Anadarko,Apache,BP,COP... - and many other in the alphabet that have done incredibly well. As soon as the masses discover these canroys they'll just grow quicker in share price.

      Enjoy the ride.       May 08 12:21 AM
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