The well heads aren’t the only thing freezing off around here , It was -10 this morning in Denver and we won’t see any temps above freezing until next week. I guess we will see if Payton Manning can play in the cold this weekend , Go Broncos……………..
It was -12 in Denver this morning , if this cold air mass moves east to the populations centers we will see larger draws in the next few weeks.
Not to mention below zero the next three nights........
The United States is spewing 50 percent more methane — a potent heat-trapping gas — than the federal government estimates, a new comprehensive scientific study says. Much of it is coming from just three states: Texas, Oklahoma and Kansas.
That means methane may be a bigger global warming issue than thought, scientists say. Methane is 21 times more potent at trapping heat than carbon dioxide, the most abundant global warming gas, although it doesn't stay in the air as long.
Much of that extra methane, also called natural gas, seems to be coming from livestock, including manure, belches, and flatulence, as well as leaks from refining and drilling for oil and gas.
Now if the EPA could just regulate flatulence problem solved…………………..
Defduluth , The theme song to The X Files comes to mind every time I read your post , I suppose you see black helicopters over your house too , It might be time to build an underground bunker and sandbag food and ammo and prepare for your last stand………….
Energy earnings news
The big earnings news today came from Chesapeake Energy (NYSE: CHK ) , which posted a profit of $156 million, or $0.24 per share, after losing $2.06 billion a year ago. Chesapeake is focusing on growth in the liquids space and is showing progress, increasing oil output 23% last quarter.
What investors weren't excited about was a prediction that production will fall 9,000 barrels per day next quarter. This is the downside of cutting costs and capital expenditures: There's simply less production taking place.
All in all, it wasn't a terrible report from Chesapeake Energy, and I think investors looking at the company should view the drop in shares as a discount after swinging back to a profit.
Douglas Miller [XCO] in the last CC also said it was cheaper to buy existing wells than to drill them , And they did . CHK needs to reevaluate their asset sales. No real reason to give the farm away.
I think I saw that one Defdulth , I am thinking it was X-Files episode #39.
Douglas Miller [XCO] in the last CC also said it was cheaper to buy existing wells than to drill them , And they did . CHK needs to reevaluate their asset sales.
DTV lost 85k subs last quarter in the US market , I can’t think of any cable company that gained any, Echo’s inventory build might be a clue to Dish’s upcoming quarter .
Remember that aggregate numbers such as inventory balances often mask situations that are more complex than they appear. If you want to get a better feel about what’s up with Dish , dig a little deeper into EchoStar and their inventory numbers and in-production numbers. work-in-progress inventory was the fastest-growing segment, up 62.8%. , this is suggesting that management sees increased demand on the horizon.
"The In-Between Number
With an average break-even price of $7, natural gas drillers are going to have a tough go of it. That's because high gas prices generally lead electric utilities to switch from gas to cheaper coal. For example, BP's annual energy review highlighted that natural gas consumption grew in the United States in 2012, but fell in Europe.
The reason is that natural gas is more expensive in the Old World. However, that trend is one that investors need to watch closely. For example, Peabody Energy reported that through the first four months of the year, natural gas use by utilities declined 14% and coal use increased 11%. The rise in natural gas prices was the reason, as utilities switched to the lowest cost fuel source to protect profit margins.
So, companies like Peabody and Alliance Natural Resource Partners will also benefit from increasing gas prices. Alliance, however, is particularly well positioned. Almost all of its coal comes from Northern Appalachia and the Illinois Basin, two areas that produce coal competitive with natural gas, priced as low as $3."
Electricity generation is tricky when it comes to natural gas , The trucking industry I think is our best bet for growth…………….
I have never seen a #$%$ whipping in bonds in such a short period and rates have not gone up yet. It has another buck or two downside from here when the Fed starts raising............