During the conference, Steven Karpel from credit Suisse asked a question on the economic return on those eagle ford well.
Production for 23 well first year cash flow is $58 million. It is about $2.5 million per well, subsequent year after 73% decline is $0.7 million but it takes $2 million to finance the buyback. The production will keep on declining.
It seems it is not economical to finance those well. The total cash flow is less than the cost. What am I missing?
China, which currently uses coal for about 65 percent of its energy, should reduce that ratio by two percentage points per year, according to Li. The comments come as Beijing’s air pollution reached eight times levels the World Health Organization says raise health risks yesterday. China’s environmental protection regulator has sent inspection teams to the capital and surrounding areas to monitor local authorities’ efforts to fight pollution.
The world’s second-biggest economy needs to reduce reliance on heavy industries to curb air pollution, as well as cutting coal’s share in its energy mix, Ma Jun, chief economist for greater China at Deutsche Bank AG, said at the same conference.
I want to buy RT stock. I went to RT website and look at its menu. I could find price for most items. How can people shop if there is no price. Management should pay more attention if they want to increase its sales.
Barclay downgraded KWK in July 2013 from equal weight to underweight with a price target $1. The stock went down from $2 to $1.44. Four to five months later the stock went up 100% to over $3. Go figure. This is the fact. Check them out yourself.
Left hand to right hand driving price down shake shake shake weak hand out big player accumulate at low eventually up high too late for the retail mm always win
CLIMATE AND ENERGY: Set new fuel efficiency standards for trucks. Introduce first-of-its-kind emissions limits on power plants. Work with states and communities on climate change resiliency and cutting pollution. Cut red tape to help states build factories that use natural gas. Propose new incentives for trucks that use alternative fuels like natural gas. Urge Congress to end tax benefits for the oil industry and use revenues to invest in advanced vehicles that use cleaner fuels.