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JPMorgan Chase & Co. Message Board

moshenfreke 15 posts  |  Last Activity: May 22, 2015 6:57 AM Member since: Dec 29, 2000
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  • Reply to

    NatGas demand will skyrocket

    by myartcraft May 21, 2015 8:37 PM
    moshenfreke moshenfreke May 22, 2015 6:57 AM Flag

    The reason it will rise is very simple: A million btu of NG costs $3.00. A million btu of diesel/heating oil costs around $20.00 (130,000 btu/gallon at $2.50/gallon). Every energy using entity in the world is at work figuring out how to switch petroleum based energy use to natural gas. That is also what LNG is all about, not to mention the ECO benefits. When my family started benefiting from NG extraction from our Marcellus acreage I told them that this would be the ultimate inflation protected income source for us.

  • Reply to

    Broken oil line off California

    by moshenfreke May 20, 2015 9:03 AM
    moshenfreke moshenfreke May 21, 2015 7:34 AM Flag

    Thanks, see that on news wire this morning. Said line was inspected in 2012. Will be interesting to see cause of failure. Also reported that spill is in range of 100,000 gallons with 56k flow per hour in pipe. My reaction to this is what kind on instrumentation do they think they have on a line that loses all its flow at termination for two hours while the pumping still goes on? Differential measurement should be SOP on all these to eliminate this level of fluid loss.

  • Pictures of oil slick look like crude and not a refined product. Does anyone know who owner of the broken oil line is North of Santa Barbara? Not going to be good for product transmission with California citizen reaction.

  • Reply to

    Unusual option activity

    by ndibari73 May 15, 2015 11:23 AM
    moshenfreke moshenfreke May 18, 2015 8:05 AM Flag

    Story of my investing as well. I am in big at 22.82 and wouldn't add either. I have a large position in chk and cbi as well. I held cbi through sell off into the thirties with cost in mid fifties. Market sell offs in specific securities are huge now and bottoms fall out to absurd levels.

    Sentiment: Hold

  • moshenfreke by moshenfreke Apr 25, 2015 8:41 AM Flag

    I am getting burned out from the rapid news cycle and large day trading in the market. I held my position because I thought and still think that this is not material to the company. They even stated on the conference call that they see no reason to make a provision for potential expenses beyond their normal allocation for legal costs. For this stock to drop 20% in a few days over this issue, considering the senator behind this, is over the top in my opinion. I am coming to the conclusion that you can't invest in these smaller cap companies due to the market trading realities today unless you can sit at your screen every trading minute.
    The company has outlined a strong year, but this shadow is very likely to stay over this for months due to the litigation time frame. To me the charges look like bullsheet. Guess I saw that another ambulance chasing legal firm is now ready to launch on the company when a proven liar senator is the one at fault....remember the service in Viet Nam lie. Small cap market is a mind field. I have had enough of this. For those who will tell me to put my money in a CD, save your breath as I am going to a much more defensive portfolio of balanced funds and some munis. This #$%$ ruins small cap investing.

  • Reply to

    Are Owners Performing Proper Maintenance?

    by jim+long+iii Apr 22, 2015 1:20 PM
    moshenfreke moshenfreke Apr 22, 2015 1:56 PM Flag

    Good post. If damaged then it can't perform as designed. Considering the maintainers are public highway departments, it doesn't surprise me that damage to these could be a factor. I don't know just what their system is, but I have often seen these made up of collapsible drums where they are hit and partially collapsed and don't get repaired. This dovetails precisely with the fact that these passed all of the recently reported certified tests.

  • Reply to

    "People familiar with the matter"

    by scquick48 Apr 22, 2015 9:46 AM
    moshenfreke moshenfreke Apr 22, 2015 12:20 PM Flag

    The release cites a company spokesman saying they have not been contacted. What kind of criminal investigation goes on without the company even knowing of it?

  • moshenfreke moshenfreke Apr 19, 2015 4:40 AM Flag

    It's a reality lesson. Paraphrasing Winston Churchill...those unwilling to learn from history are destined to repeat it. This president will definitely go down as the most destructive president in our history. I now understand how we got into WWII. Putin is setting up Iran so they can't be effectively air attacked. Puttin is setting about undoing what Reagan freed in Eastern Europe. The middle east is a ticking bomb due to Obama backing completely off. Only good thing here is domestic fracking and energy production. It seems very likely that the middle east will slide further and further into chaos as Obama appeases our Iranian haters. Now watch the trolls who lurk here put the negs on this post. Our only satisfaction is to position in companies like this NOW and wait for the oil equation to turn completely around. I personally think that we could see a buyout here pushing this stock up into the upper twenties.

  • Reply to

    FORGET LL lawsuits CHK

    by mike_masin Apr 16, 2015 9:51 PM
    moshenfreke moshenfreke Apr 17, 2015 5:56 AM Flag

    I haven't seen a structural based discussion of this notion that fracking causes earthquakes. Before Chesapeake locked landowners out of their pad operations here in NE Pennsylvania, I was allowed to observe one fracking cycle conducted by the major oil service company in the business. The process involves inserting a carefully graded sand mixture into tiny fissures which are opened up in a very very narrow band of shale rock. This is done by forcing the fissures open very slightly with hydraulic pressures above 10,000 psi in the case of wells on my property. So say you have a 50 foot band of shale and you place a 4 inch pipe in it which has perforations along its length allowing a gas path into the pipe from millions of tiny sand packed openings in the shale kep open by sand packed tighter into the rock tighter than you can ever imagine. Do you know what they have done to that rock? Well I'll tell you,. They have forced a media into its smallest fissures so tightly that the rock has become an even more tightly consolidated formation. Sand you know is not the material that bearings are made of. The notion of fracking causing quakes will be totally debunked when the knowledge of a geologist and that of a mechanical or civil engineer.............I am a ME is combined. When the earth starts shifting around it isn't from a 50 foot layer of shale which couldn't be moved from whatever force you could apply to it.

    Injection wells may be a factor, but fracking definitely will never be tied to earthquakes.

  • Reply to

    State Income Tax Question

    by midyearcrisis64 Apr 10, 2015 9:05 AM
    moshenfreke moshenfreke Apr 11, 2015 5:44 PM Flag

    It would be really helpful if we had a data base to find out the minimum level of taxable income that the various states must see for filing to be required. I doubt that it is in the single digit amounts I typically see on my mlp returns.

  • Reply to

    The Chinese are loading up CHK

    by t_danniel_forever Apr 7, 2015 2:52 PM
    moshenfreke moshenfreke Apr 7, 2015 3:40 PM Flag

    Sorry, I was too quick to note your sarcasm. They own way too much of us already. Its time to pay our way and stop the printing.

  • Reply to

    what price

    by ayc9889 Apr 3, 2015 9:41 PM
    moshenfreke moshenfreke Apr 4, 2015 6:22 AM Flag

    You are the only one who can answer that question. If you are a trader and can watch the price action minute by minute, you should have your finger on the sell button as this kind of run up always puts price at risk. If you are a long term investor who believes that this has a great future and much more up side, then hold as I am doing.

  • Reply to

    Help! Schedule K-1

    by alokachal Mar 22, 2015 7:58 PM
    moshenfreke moshenfreke Mar 22, 2015 9:34 PM Flag

    I have LINE (LNCO in one) as well in two retirement accounts. First, if you have held LINE or LNCO for any time, please accept my condolences. I am in that boat as well. There is a type of earnings, forget the name, that is a no no in retirement accounts if over $1000. I wish I had them with LINE. Have losses instead. So I don't report my K-1's for these and haven't for years. NO one from IRS has knocked on my door yet. IRA earnings are not reportable until you take them out as you say. That's my two cents.

  • Reply to

    Harman declares Bankruptcy

    by nortini Mar 17, 2015 7:43 PM
    moshenfreke moshenfreke Mar 22, 2015 7:59 AM Flag

    You should at least take a look at Porter Stansberry's position. Your third paragraph also defines me. I would put government's present grabbing of about 36 percent of our GDP (taking it from you and me) up from 24 percent twenty years ago as the biggest threat we face. If Stansberry's predictions come true and I think they have to in some form, look for the government to come to people like you and me to grab our savings. Progressive thinking will finish you and me because we are the only potential source for propping up the government once this maddening debt explosion hits the wall. I, frankly, think we are cooked.

    Sentiment: Buy

  • Our new administration is wasting no time making it more expensive for gas development in PA. We have a new extraction fee in our proposed budget and now the reorganized DEP is proposing additional regulations that the gas companies are expressing strong opposition to. As a royalty owner in upstate PA, I have observed the development of hundreds of wells and associated infrastructure build out with close to flawless execution. I post this because this governance change in PA couldn't be more ill timed for CHK when the industry is experiencing a severe cash flow squeeze . Could it be that the California billionaire anti energy activist and other greeners who gave millions to the Wolf campaign are getting their expected return on investment?

    Sentiment: Hold

JPM
65.73-0.74(-1.11%)May 26 4:00 PMEDT