richjoy

Loading...
Symbols:
Authors:
comments126
  • Positive ratings 0
  • Negative ratings 0
  • Net rating 0
Filter comments by:
Highest rated Latest comments
Or filter by symbol:

Latest Comments
126 Comments

    • Fri Jul 4th 11:02 AM
      |
      Rating: 0 0
      Commented on:
      Petrohawk and Chesapeake Fly on Haynesville Shale News
      There are many good NG investments (and oil investments also).

      I like CHK--the chairman is buying huge amounts of stock;, all USA sourced, so there is no terrorism premium; company owns vast acreage in all the major new NG finds, so not dependent upon one geographic area; and finally, NG is still cheap compared to oil, and is in growing demand.

      I also am careful not to allow any one company (or industry) to become too large a part of my portfolio.
      View article »
    • Thu Jul 3rd 20:48 PM
      |
      Rating: 0 0
      Commented on:
      Oil: Time for Caution
      blah, blah, blah. OK...the world has a serious LIQUID FUELS problem. Econ 101 follows:

      Worldwide oil demand has nudged or even exceeded supply. That means prices rise, and keep rising, to squeeze out the marginal buyers.

      At the moment, oil is subsidized in many countries where oil demand is growing far faster than in the USA (though with about 5% of population, for years we have consumed about 25% of the world's oil...now billions more want what we have). Therefore, even if we decrease our oil demand by 5 or 10%, that savings will soon be lost against a much faster growing world demand among the other 95% of the world's population.

      Reducing oil to $100/barrel and below is on the horizon, and $50 or less, is just over the horizon. It is quite likely there will be much more demand destriction than most can visualize. Because:

      As gasoline reaches $6, $8, and $10, worldwide demand destruction will grow rapidly as fuel consumes a larger and larger portion of incomes, resulting in tens of thousands of large and small businesses are elimated, and millions of jobs lost. That tipping-point (and severe recession/worse) is more likely than we like to think. We may well see $2 gasoline...and wish we hadn't.

      Unfortunately, it will be about 10 years before new oil fields and new liquid fuels, or enough hybrids, are in place to add substantially to today's supply...if we can ever agree to start, and what needs to be done!

      It is that simple...and that serious to your economic future (and sadly, that of your children and grandchildren). This goes FAR beyond the bankruptcy of car companies, airlines hotels/resorts, state and city governments. Gasoline is life to billions!...wars have been fought for less!
      View article »
    • Wed Jul 2nd 10:04 AM
      |
      Rating: 0 0
      Commented on:
      Expensive Commodities and the Stock Market
      Sorry, that was an honest mistake...

      If OTOH, BO does not stop all wars...
      View article »
    • Wed Jul 2nd 09:49 AM
      |
      Rating: 0 0
      Commented on:
      Expensive Commodities and the Stock Market
      Seems like a useful article to me...the only investment I here I'm not participating in is defense--my assumption being that in a few months (February) BO will stop all wars, bringing a new era of peace to the world (consequently no need for new weapons). The idea we may have to replace weapons used in Iraq and Afghanistan is interesting, but would be short term.

      If OTOH, BM does not stop all wars...
      View article »
    • Tue Jul 1st 14:46 PM
      |
      Rating: 0 0
      Commented on:
      Listen to the Companies, Not the Government Reports
      Had your position been "Listen to companies IN ADDITION to the government reports", I might have been convinced of your credibility; as you seem to neglect to understand that companies have an agenda (insert "also" if it makes you feel better).

      A close reading of this post (actually a waste of time) reveals that it is a collection of disconnected thoughts and attacks on analysts (at least as much as government). Overall, it does little to develop a central theme in a coherent manner.
      View article »
    • Tue Jul 1st 14:34 PM
      |
      Rating: 0 0
      Commented on:
      WSJ Trots Out Same Fed Policy Axiom
      For my money, the Fed did just what it had to do to preserve our economic system in the face of an almost certain financial meltdown in this country (and very likely a worldwide meltdown).

      It is therefore possible for critics to have the privilage of lambasting the fed in the comfort of an operating financial system.
      View article »
    • Tue Jul 1st 14:27 PM
      |
      Rating: 0 0
      Commented on:
      Compton Petroleum: Asset Sales Misses Target
      Steve-- you may be correct. Maybe I'll compromise and sell 1/2 my position.
      View article »
    • Tue Jul 1st 09:17 AM
      |
      Rating: 0 0
      Commented on:
      Compton Petroleum: Asset Sales Misses Target
      Frankly, I was hoping for a sale of CMZ at a price at least 50% greater than $15.
      View article »
    • Mon Jun 30th 09:21 AM
      |
      Rating: 0 0
      Commented on:
      Oil at New Highs: Heading to the Exit Lane
      I get confused when authors say it is not like...(the 70s in this case), and than proceed to make a gloom/doom case that it is.

      Frankly, I share the fears of most investors who are moving a major share of their investment assets to the (cash) exits.

      However, the problem with moving on fear is that it is a weak conviction. We are quite likely to start buying again at the first sign of 'maybe it ain't so bad/there are bargains out there/you can't time the market, so buy & hold is best'.
      View article »
    • Mon Jun 30th 09:08 AM
      |
      Rating: 0 0
      Commented on:
      Southwestern Energy: Outlook Provides Compelling Valuation
      Mr. Filloon has presented a very well focused case for SWN...I like natural gas stocks, and had not previously thought of the dollar angle, which will likely affect oil stocks when it finally recovers some.
      View article »
    • Mon Jun 30th 09:02 AM
      |
      Rating: 0 0
      Commented on:
      XTO Energy: Natural Gas Can Expect Over 100% Further Upside
      BTW, how is it that we get an article from May 29th on June 30th without reference to an update?...a month is an eternity on the stock market!
      View article »
    • Mon Jun 30th 08:58 AM
      |
      Rating: 0 0
      Commented on:
      XTO Energy: Natural Gas Can Expect Over 100% Further Upside
      Fueling (non-comercial) cars with compressed natural gas is already done in some other countries (and a 'early adaptor') folks here.

      However, most Americans are afraid to sit on a bomb of compressed gas...it may happen, but it will take much higher gasoline prices or lack of gasoline availability. When America gets to either of those points, we will have such a broken economy, no one will want to go anywhere anyway.
      View article »
    • Sun Jun 29th 18:40 PM
      |
      Rating: 0 0
      Commented on:
      Nokia: Bargain of a Lifetime - Barron's
      Thanks Egg...I like your style.

      We do need to hold analysts accountable for hyperbole. You might have also added that 9x earnings is not necessarily cheap...and certainly not "Bargain of a lifetime" cheap.
      View article »
    • Sun Jun 29th 17:01 PM
      |
      Rating: 0 0
      Commented on:
      Petrobras: Set to Become a Global Oil Major - Barron's
      1. I like Ken Hebner, but he has also made bad calls.

      2. I'm not comfortable with the "like Saudi Arabia 40 yrs ago" call; as 40 yrs from now, oil will probably be cheap again because of new source fuels are cheaper.

      3. It will be many years before PBR can bring those new finds to market.

      4. PBR absolutely MUST have high oil prices to justify the huge cost of oil recovery at those depths and other technical challenges.

      5. At PBR's present P/E, there are likely many more attractive opportunities.
      View article »
    • Sun Jun 29th 16:49 PM
      |
      Rating: 0 0
      Commented on:
      Solar and Wind Will Drive Natural Gas Up
      Thanks Jim for another fine article. I continue to like natural gas more than I like oil (though I invest in both).
      View article »