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Enerplus Corporation Message Board

lionelman17 84 posts  |  Last Activity: 2 hours 53 minutes ago Member since: Feb 20, 2004
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  • lionelman17 by lionelman17 2 hours 53 minutes ago Flag

    Run up in PPS and volume begins anew at 3:50 PM today.

  • lionelman17 lionelman17 6 hours ago Flag

    Super intelligent!!!!!

  • lionelman17 lionelman17 6 hours ago Flag

    I am talking about the term DORK.

  • Reply to

    So why are we up so much?

    by curious0662 6 hours ago
    lionelman17 lionelman17 6 hours ago Flag

    Not even close to being funny.

  • Reply to

    Should open over $8

    by georgia_stock_investor 10 hours ago
    lionelman17 lionelman17 6 hours ago Flag

    Pretty funny. My opinion has been proven to be a fact and some #$%$ gives me a thumb's down.

  • Reply to

    Took Profits at $7.80

    by twoblackcats88 7 hours ago
    lionelman17 lionelman17 6 hours ago Flag

    Proven FOOL!!!!!!

  • lionelman17 lionelman17 9 hours ago Flag

    Just love them technical terms...LOL!

  • Reply to

    Should open over $8

    by georgia_stock_investor 10 hours ago
    lionelman17 lionelman17 9 hours ago Flag

    Before the "bad" news hit the PPS was over $11.00.
    Anyone bailing out for less than that is short sighted..

  • Reply to

    Should open over $8

    by georgia_stock_investor 10 hours ago
    lionelman17 lionelman17 9 hours ago Flag

    8 bucks is a stretch but not out of the question.

  • Reply to

    maybe I should sue myself

    by mikecline3 Sep 17, 2014 12:31 PM
    lionelman17 lionelman17 10 hours ago Flag

    I REALLY don't understand what happened with the release. It wasn't suppose to be, was it?
    Oh Well, on to bigger and better things!

  • Reply to

    Should open over $8

    by georgia_stock_investor 10 hours ago
    lionelman17 lionelman17 10 hours ago Flag

    As I said on 09/04:
    "Isn't the $400M just a matter of timing? (An expense or a capital expenditure-spread of how many years). If so it has no effect on the overall balance sheet (valuation)."

  • Reply to

    maybe I should sue myself

    by mikecline3 Sep 17, 2014 12:31 PM
    lionelman17 lionelman17 22 hours ago Flag

    Seeking Alpha is just "releasing" headlines that they wrote months ago.
    There will be NO earnings reported tomorrow.

  • Reply to

    Enbridge Flanagan South Update

    by georgia_stock_investor Sep 15, 2014 5:01 PM
    lionelman17 lionelman17 Sep 15, 2014 5:48 PM Flag

    billions of dollars in consuming more Canadian heavy crude.
    This will be the first full winter for BP Plc's revamped 405,000 bpd Whiting, Indiana, refinery, which has been upgraded to process 80 percent Canadian heavy grades.
    RAIL TO THE RESCUE
    The larger factor is the emergence of the oil-by-rail industry, with a host of operators building new terminals to help mop up barrels that would otherwise be stranded in Alberta.
    National Energy Board data shows Canada exported 163,000 bpd of crude by rail in the second quarter of 2014, a 22 percent rise on the same period a year earlier. That figure does not include shipments to major refineries in eastern Canada.
    The Canadian Association of Petroleum Producers estimates current rail loading capacity is much higher at around 800,000 bpd and could hit 1.4 million bpd in 2016.
    Certainly, there is a risk that current firm prices will pull back. Supply outages as a result of planned maintenance currently taking place in the oil sands will come to an end, and demand from linefills on Enbridge Inc's new Flanagan South and reversed Line 9 pipeline is finite.
    Jackie Forrest, analyst at ARC Financial, said if there are no big outages on pipelines, WCS differentials should widen to reflect the cost of rail transportation from Alberta to the Gulf Coast. Right now they reflect the cost of moving a barrel by pipeline.
    Forrest said if differentials widen to reflect rail economics WCS would trade around $15 per barrel below Maya, or $20 per barrel below WTI.
    "With more market options via new pipe connections and rail, we expect large discounts to be less in number and duration than compared to the past," she added. (Editing by Jonathan Leff and Alden Bentley)
    Share or comment on this article

    Read more: http://www.dailymail.co.uk/wires/reuters/article-2756962/Canada-oil-train-boom-thwart-winter-crude-price-slump.html#ixzz

  • Reply to

    Enbridge Flanagan South Update

    by georgia_stock_investor Sep 15, 2014 5:01 PM
    lionelman17 lionelman17 Sep 15, 2014 5:46 PM Flag

    Thus far, Canadian crude is holding up well around $13.50 per barrel under WTI, which fetched about $93 a barrel on Monday. That was the narrowest differential since July 2013.
    Some traders say WTI minus $20 per barrel is now a realistic floor for discounts - with the dark days of minus $40 a thing of the past.
    A $20 discount would improve the economics of crude-by-rail. In Calgary they say a rule of thumb is WCS should trade around $15-$20 per barrel below WTI to be worth railing to the U.S. Gulf Coast, where it competes with Maya, a Mexican blend of similar quality.
    "There may be periods of lower differentials in which rail is less profitable than pipeline, but there are still benefits to transportation by rail including new market development," said Cenovus spokeswoman Jessica Wilkinson.
    WINTER WOES
    Some of the factors behind the winter slump in Canadian crude prices remain: North American refiners still shut down for maintenance in the autumn, diminishing demand for crude. Road construction also tends to ebb, limiting the need for asphalt, a significant by-product of refining heavier oil sands crude.
    Seasonal discounts are exacerbated by congestion on Canadian export pipelines that can leave crude bottlenecked in Alberta, sparking wild price swings. TransCanada's Keystone XL pipeline, which was proposed more than five years ago to help relieve congestion, has been repeatedly delayed by the Obama Administration amid fierce environmental opposition.
    Congestion can be worse during cold weather, which makes oil sands bitumen even more viscous than usual and forces producers to blend in a higher proportion per barrel of ultra-light oil known as condensate so the bitumen can be shipped through pipelines, according to traders. This means there are higher volumes of diluted "dilbit" crude squeezing through an export network already pumping flat out.
    But several important factors have changed, including the expansion of key North American refiners that have invested bill

  • Reply to

    Enbridge Flanagan South Update

    by georgia_stock_investor Sep 15, 2014 5:01 PM
    lionelman17 lionelman17 Sep 15, 2014 5:43 PM Flag

    CALGARY, Alberta, Sept 15 (Reuters) - Each winter for the past four years, Canadian oil sands producers have watched in dismay as local crude prices slumped.
    Limited export pipeline capacity coupled with the end of the U.S. summer driving season led to oil gluts in Alberta, sending prices tumbling and depriving producers of billions in potential revenues.
    Not this year, predict industry players.
    Revamped U.S. refineries are absorbing heavy Canadian crude and new oil-rail terminals built by companies like Gibson Energy Inc and Canexus Corp are loading trains to deliver crude to markets across North America, and potentially abroad, limiting the downturn and keeping prices buoyant compared to the past seasons.
    Thanks to the emergence of these "train pipes", the market is "unlikely to get that deep of a squeeze on the deliverability side," said Bart Melek, head of commodity strategy at TD Securities.
    Shipping crude by rail can be up to twice as expensive as by pipeline, roughly $14-$21 per barrel to the Gulf Coast. But just a small volume of such shipments could help avoid the short-term supply overhangs that have burdened the market for years.
    In recent winters, the price of Western Canada Select (WCS) heavy blend crude has fallen to fetch between $33 and $42 per barrel less than the U.S. benchmark WTI crude, far cheaper than the typical discount of around $20 per barrel during the rest of the year.
    With oil sands production at just under 2 million barrels per day, each $1 increase in the discount equates to some $2 million a day in lost revenues for producers like Cenovus Energy and Suncor Energy, and wipes billions of dollars a year off Alberta government revenues.
    After U.S. oil tumbled to its lowest prices in nearly two years this month, a sudden slump in prices this winter would be particularly unwelcome. At around $79 per barrel, the absolute price in Canada is getting nearer the break-even cost for major new developments.

  • lionelman17 by lionelman17 Sep 15, 2014 3:04 PM Flag

    Holy cow batman, look at the volume.

  • lionelman17 lionelman17 Sep 13, 2014 7:32 PM Flag

    SO true, everything has been taken into account (n the PPS) many times over. Just forget the present manipulation and look FORWARD!

  • Reply to

    no news

    by maceeman Sep 9, 2014 5:42 PM
    lionelman17 lionelman17 Sep 9, 2014 7:08 PM Flag

    "INTENTIONAL - FRAUDULENT". YEAH RIGHT. You have just earned a place of honor on my ignore list.

  • Reply to

    Covered Calls

    by gk10012001 Sep 8, 2014 2:09 PM
    lionelman17 lionelman17 Sep 9, 2014 7:04 PM Flag

    Good thinking.
    I am short 20 Oct 50 covered calls for which I got $1.12
    and 10 Jan 52'5 for which I got $.65.
    Its the 3rd time since I bought the shares that I have sold calls at various strikes and NOT been called. Love the dividends in the interim.

  • Reply to

    You are demonstrating goodwill

    by papra Sep 9, 2014 10:11 AM
    lionelman17 lionelman17 Sep 9, 2014 5:09 PM Flag

    " I don't see what the big deal is as most serious investors discount goodwill when valuing a company"
    CORRECT!
    May I call your attention to an article in/on CNN today. The title is - "More US families own cats than stocks". Take it as you will. Hopefully LOL!

ERF
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