i wonder about all the experienced shorters, that were holding 30% of the float short. How they liking life right now?
amazing. they spend a gazillion dollars ( CAD) and they cant get more than 4 MB/d production from Kearl. Exxon, is amazing.
never sell out too early when there is a short squeeze in progress. this thing may overshoot way on the high side before we come back to reality. The majors are at break even and WNR is still making $25/bbl.
Time to post another special dividend to show how much cash this thing is generating.
Pick at fat amount of cash, and throw off everything above that every quarter!!
you cant use logic to argue politics with an envirnomentalist single issue voter. same for ( abortion, union rights, secure borders, etc.) obama has a real problem. He needs to approve the pipeline on a long weekend when all the reporters and pundits have been thrown several large bones to be chewing on instead.
Valero announced that the new EPA rule on Mogas S is going to cost them lots of capital and huge ongoing operating costs.
Which is totally bogus. Even if it did, there is not going to be a comparitive disadvantage to other refiners.
And they will find some way to ship the high S stocks into export gasoline which they want to do anyway. And that will decrease inventory and raise margins. This is a huge buying opportunity.
the current write down is only about $0.10/share. not a big deal, and will get lost in Q1 earnings upward surprise. No major operational problems in Q1 and product realizations have been high.
they are saying April is looking like a normal March. That means we sell more in the Spring Qtr. and maybe the earnings estimates are about to be updated to show both more heating degree days plus impact of record low purchase price of C3.
i bought may calls @40 after the announcement. it will have all washed out by then. cant believe the price i was able to get.
OK, so those are the trends. You seem to understand it perfectly, and youre not being paid to analyize it. Either they start getting it right, and raise the estimates, or the market figures it out and starts place a rational PE ratio on the actual earnings potential. i can easily see a 9 PE on $10/share 2013/2014 earnings. that is a 90 pps if i did the math right.
Yeah, well preach on brother, I am with you. I still own a few shares after being stopped out this morning during the crazy down opening that lasted about 12 seconds.
the game is messed up.
Not unless you really like to root for underdogs. I don't, haven't pulled for Cal since they were taking out Trombone players in the Big Game.
Wow, can large portfolios really be given to idiots? Amazing. I have 250 shares, recently bought in a price trough. And I've actually been to Ft McDucky, and stood next to those big ore moving trucks. I think being in the oil bus with unlimited reserves at 40$/bbl recovery cost and $80/bbl selling price, is a business I would be willing to own for a long time.
I don't like change, I'm still trying to get over losing those short skirts on the stews and seeing flying as sexy. weve gone from alluring sexiness to molestation in three short decades.
We have been using high pressure pipelines made of carbon steel in the refining plants for 40 years. No heat, no problem.
But moving H2 in the same pipe designed for Nat Gas, makes little sense. The energy density of H2 is a small fraction of Methane, so you would need a line much larger in diameter to carry the same amount of energy at the same pressure. So, forgetaboutit.
Yeah, great track record with SSL, Shell, other gasification and FT. They will design a top notch plant, but who is going to buy the equipment? We need a Fed Handout, or JV with a Shiek
With all good wishes to the good folks in Iowa, this is just more of the same mindless overspending of public money, and this time its by the Republican. And the Senator from Louisanna only wanted 100MM$ for her favorite cause. This industrial subsidy thing needs to stop now. It would be more effective to just have the Treasury send a package of $50 bills to each post office in Iowa, and instruct the postmaster to put one in every PO Box. Too many small business people are hurting to have individual senators going around and asking for massive handouts for one endlessly unprofitable business. This needs to STOP.