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Spyglass Resources Corp. Message Board

nolaloha 6 posts  |  Last Activity: Jul 25, 2014 12:19 PM Member since: Aug 2, 2008
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  • Reply to


    by nolaloha Jul 25, 2014 11:17 AM
    nolaloha nolaloha Jul 25, 2014 12:19 PM Flag

    As a former political appointee, I try not to apply rational approaches to political decisions. However, this one is against so many people's pocket books, at so many levels, I do not think it will pass - even in California.

  • Read the linked announcement:

    This initiative and other related legal actions have resulted in a drop of the price of ROYT from an initial offering price of $20 to the current price of $10.47. At this price the income from ROYT is 15.85%.

    The Initiative will fail:
    1. It adversely affects a broad group of people
    2. It adversely affects the county's revenues
    3. It infringes on the ability of the State of California to create energy policy.
    4. It is against the goals of the US government.

    The current real value of ROYT is closer to the original offering price, and will continue to raise, since developments planned will result in increased production.

    I am long and just increased my position.

    Sentiment: Strong Buy

  • nolaloha nolaloha Jul 9, 2014 11:23 PM Flag

    pddane: the NAT fleet appears to be in tip-top shape, and you are right, the price of tankers fom the yards today is much higher than the value of the ships on the water. While it is highly unlikely that accounting rules will allow NAT to "Mark to Market" their floating assets, you can bet that those values exceed the book. So focus on the cash generating ability of those assets. roughly, a tanker operatin g 300 days pet year will generate, at $25,000 per day, revenue of $7,5000,000, while, in NAT's case, costing $3,600,000 to direct operating cost. While rates averaged about $26,500 in the first quarter, they only averaged about $16,500 in Q2. So NAT will show a LOSS for Q2, though it will continue the dividedn from positive cash flow.

    Sentiment: Hold

  • Reply to

    Is NTI affected by Export Ruling?

    by rdravin Jun 25, 2014 10:21 AM
    nolaloha nolaloha Jun 25, 2014 11:09 AM Flag

    Since NTI uses Canadian and North Dakota Crudes, none of which is NGL , their cost of production should not be affected. I would be buying now, at about 26.25. It's on sale. Yes, it might go lower, so? It's on sale now. Can't buy more or I would.

    Sentiment: Strong Buy

  • nolaloha nolaloha Jun 25, 2014 10:23 AM Flag

    The decision to allow export of unrefined NGL (Natural Gas Liquids) which is what most "Ultra-Light Crudes" are will affect refiners that use a lot of NGL in their refineries. I do not believe that either NTI or ALDW are in that catagory. In any event the increase in the price of Bent relative to WTI and WTS will increase crack spreads more than the eport of NGL will. I think this is a way overblown reaction and purchased 8000 shares of NTI, to go with my 2000 ALDW.

    Sentiment: Strong Buy

  • Reply to

    Now We Export Oil, Import Oil?

    by fred357mag2000 Jun 25, 2014 7:59 AM
    nolaloha nolaloha Jun 25, 2014 10:18 AM Flag

    About time! NGL has been way low in price due to over supply! Should be good for the gas producers with wet gas. Will affect some refiners but NTI should not be affected.

    Sentiment: Strong Buy

1.2610.000(0.00%)Sep 17 3:55 PMEDT

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