Just today, Chevron publicly announced that it expects future oil prices to go much higher!
John Watson, the CEO of Chevron, told analysts “bullish on oil” because of output declines at mature fields, political constraints on production in many parts of the world, and the rising cost of finding and developing new oilfields.
Chevron raised the price assumption it uses for its projections from $79 per barrel for internationally traded Brent crude to $110 per barrel... That is significantly higher than what is implied by the futures market, which shows that the price of oil is expected to fall.
The combination of 95% Oil and 5% Nat Gas doesn't sound too bad right now; in fact, with recent drops one might say that Denbury is becoming an attractive investment idea.
Sentiment: Strong Buy
Doesn't this company supply both oil and nat gas?
If so then this is about the only company whose price has fallen while the demand for Nat Gas has gone up!
Tis something to think about????
Sentiment: Strong Buy
I put in a order to buy a block of shares and a fraction of a second later the computers decided they wanted those shares... Don't believe it can happen that way... Watch really closely on level 2 the next time you place an order for a block of any real size... Personally I find it amazing how stupid some software programs are; then again, they are designed to determine if investors will chase a price then buy and sell for a few pennies gained here and there... Yep, I know it sounds crazy but I watch a lot of level 2 and see it happen all the time :)
For awhile that sounded like Zagg's best hope for a bright future, but delay after delay and only a few silly customers makes one wonder if HzO might have too much competition... I see no potential for HzO unless cell phone manufacturers, camera manufacturers, wearable manufacturers, laptop manufacturers or Apple adopts the technology. Thus far they have one or two customers (whose products look like they should already be waterproof) claiming to use the technology... Big whoop!
From last year's press...
Ships sailing north from Chile are bringing an unusual cargo to the U.S.: chemical factories. Methanex (MEOH), the Canadian company that’s the world’s largest producer of methanol, is spending $1.1 billion to disassemble two of its Chilean factories and rebuild them in Geismar, La. The first plant is scheduled to open next year. A second will be relocated by early 2016.
Scores of other companies including ExxonMobil (XOM), Chevron (CVX), and Sasol (SSL) plan to spend about $100 billion to build or expand chemical plants in the U.S., according to a tally kept by Dow Chemical (DOW), the biggest U.S. chemical maker by sales. Dow is spending $4 billion to build factories in Freeport, Tex., and reopen a plant in Hahnville, La., creating 500 manufacturing and 5,000 construction jobs. Five years ago the company was closing U.S. plants and moving production to the Middle East to gain access to cheaper raw materials and be closer to Asian markets.
The resurgence of the U.S. chemical industry can be explained in two words: natural gas. The shale boom has made the U.S. the lowest-cost chemical producer outside the Middle East. Gas prices have fallen by three-fourths since 2005, a boon for chemical makers that use it as a raw material and to power factories. Employment in chemicals is rising, after falling 29 percent over the previous three decades, according to Kevin Swift, chief economist at the American Chemistry Council, a trade group. The U.S. logged a trade surplus of $800 million in chemicals in 2012, its first since 2001. Swift expects the surplus to swell to $46 billion by 2020. “If anyone asked me even four years ago, ‘Would you ever see world-scale commodity chemical plants being built in the U.S.?’ I would have said categorically ‘no,’ ” says Paul Harnick, global chief operating officer for chemicals at KPMG.
The whole idea of setting up shop in Spain appeared like a good one when it became clear that parts of Europe were more environmentally friendly than the US and that Europe wanted biodegradable plastic bags, but with the problems at Antibioticos and the development of performance additives and biobased chemicals… I believe that one could make a very good case to either partner with a domestic chemical manufacturer or use a shuttered facility (probably somewhere in Michigan or nearby) to mass produce products for the Americas… Don’t get me wrong, I think plastic bags are a very important part of the business yet the Americas have mile after mile of ocean fronts and this is where biodegradable plastics need to be sold… We should be looking to partner with environmental groups all over the world to make sure they know of the alternatives and how companies like Metabolix can help to make a cleaner healthier future. There’s zero pressure to make the big plastic companies move to environmentally smart choices like Mirel; sure many are making products that are recyclable but those products don’t break down when accidentally blown or washed into our oceans.
LOL, I bet that caught your attention! IMHO, Metabolix makes a product that could be used by many 3D companies and their scientists should certainly be looking closely at that market.
I’ve been letting this one ride for awhile and focusing on my other investment, but I have to say, the addition of Shaulson to the executive team is the most promising sign I've seen in years… Miracles aren't going to happen overnight yet his addition (and Eno's retirement) appears to be a huge step in the right direction. Time will tell if I’m right yet I believe now is the time for shorts to cover and go long.
Good luck to all investors here! May 2014 finally be our year!!!
Sentiment: Strong Buy
Hmm, there's nothing in the press about that and the company says they aren't talking. So where does one go to find info about this? By the way, are they raising funds at 30% to 40% above prior market prices (which were below or near 10) or are they spinning off part of the business at the price you mentioned or are they being relisted or ??? Not sure what you're hinting at...
Here’s one to think about, back on October 22nd Sprott’s investment in Long Run was valued about that same as Sprott’s market cap after today’s close… Long Run is one of those long term investments that has the ability to drive Sprott to much higher levels. If the current investors in Long Run ever realize that they can diversify and gain so much more by simply investing in Sprott then they might start moving their funds here.
Anyone think this will turn around in the new year after year end tax-loss selling is over?
Okay, mathematically the sale of Long Run would only net them about $1.87 per share and after commissions, extra accounting, etc. they might be able to give shareholders a $1.80 per share dividend (unless they want to break into the $24 million or so cash they currently have saved up)... regardless this would unlock a bit of value and give others something to think about.
Personally, I'd like to see them sell their shares of Long Run for about $186 Million, give investors a one time special dividend, at around $1 per share, and keep the remaining $110 million (or so) for making new investments.
This company is being treated as if it is worthless whereas it's worth-much-more. I'm pretty sure that even after giving investors a special dividend (of around a dollar) the remaining assets would be worth more than today's market cap.
Sentiment: Strong Buy
That or they should sell their investment in Long Run, give current shareholders a $2 dividend, and let everyone keep the rest of their outstanding investments as a Christmas gift.
Their investment in Long Run (35.7 million shares) currently stands around $186Mil and after the gold sale & elimination of debt they had zero debt and around $24Mil in the bank (that sums to $210Mil). Their market cap is currently around $213.5Mil so investors are getting a whole lot for about $3Mil.
Those additional investments include farmlands, potash, oil and gas, and more… I realize that a lot of their investments have dropped in value over the last few months but this is still one heck of an asset play and should be an excellent long term investment.
The current market cap treats Sprott as if the following are only valued at $3Mil… Clear the sum of the parts are currently much greater than the sum of the whole.
One Earth Farms (controlled subsidiary of SRC)
One Earth Oil & Gas Corp (controlled subsidiary of SRC)
Union Agriculture Group (3.4 million shares)
Virginia Energy (9.4 million shares)
Potash Ridge (21.2 million shares)
Stonegate Agricom (71 million shares)
Independence Contract Drilling, Inc (2.5 million shares)
Sentiment: Strong Buy