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Inergy, L.P. Message Board

ousaouparis 22 posts  |  Last Activity: Apr 22, 2016 11:22 PM Member since: Mar 19, 2010
  • Reply to

    Going to be a bad year for refiners

    by dingkusbaringus Apr 20, 2016 11:10 AM
    ousaouparis ousaouparis Apr 22, 2016 11:22 PM Flag

    The over supplied of crude is starting to be an argument that may no longer be right. There is an analysis of the world production of crude, including OPEC that sees South America as the place that will see a 1MMBD drop in production. The producers having problems are: Venezuela, Colombia, Mexico, Equator and Brazil. Venezuela is on the verge of default. Brazil is in the midst of a political Armageddon. The others are having a hard time to find financing. The index price does no longer provide a profit after all expenses are paid. The crude price has seen bottom and will be in the high $40s if not $50s by Q4. The refiners crack spread is getting higher, in the teens. Patience is required?

  • Reply to

    Pull The Trigger

    by oliviaavaww27580 Mar 10, 2016 9:32 AM
    ousaouparis ousaouparis Apr 12, 2016 8:29 AM Flag

    It is quite interesting, I read that we have bottom out and we should see crude prices back to the high 40s or low 50s. I also read that a recession is coming so sell, sell, sell??
    My guess is that the Saudis will not get their ways; the LTO-Shale will do better than expected. As for the recession it will all depend on the November election. If elected the democrats will tight the hands of business some more! Seems to be what they do best!

  • Reply to

    What is the future

    by ousaouparis Apr 9, 2016 2:35 AM
    ousaouparis ousaouparis Apr 10, 2016 5:05 AM Flag

    In the semiconductor manufacturing industry polarity is all important, so wash water has of negative polarity. Therefore water piping is in inert material; Teflon is the choice so as not to modify the polarity of the water. Another important quality of Teflon is that because it is inert no chemical part of the piping material leach at room temperature. Semiconductors circuits are washed clean because any particle in the micron size can disable the circuit. Negative water polarity removes all impurities.
    Another application where Electrolysis process is used is at the Palo Alto accelerator cooling water. The water must be of negative polarity. The electrical potential is very important in controlling the test elements in the center of the accelerator core. Water cooling piping is in Teflon.
    Up front, I do not know but my guess is Excelyte is of negative polarity water that once injected kill or neutralize H2S and others undesirable elements. The degree of polarity as to be what makes Excelyte so effective. The Excelyte batch delivered to drilling site are in Teflon tanks, this is what I observed on IEVM photos. I guess they want the polarity of Excelyte to be max upon delivery. Excelyte is undetectable after 30 days, another indication that the polarity is lost once in contact with ground polarity.
    I suppose it is difficult to sale the idea that Excelyte is polarized water that will kill H2S and more. I guess Chlorine is seen as better because at least you can smell it, you can smell the money you spent!! Ha! Ha!

  • Reply to

    What is the future

    by ousaouparis Apr 9, 2016 2:35 AM
    ousaouparis ousaouparis Apr 9, 2016 2:36 AM Flag

    Continue from above:
    The distillate water is fresh water but cost is prohibitive unless you sale the water as fresh water for $200 per ton. Excelyte has a decontaminant permit the drilling mud, once reconditioned, to be reused at will. The
    Fracking liquid which comes back with the FTO production is separated and can be reused once reconditioned.
    Excelyte will become the ultimate decontaminant once the O&G prices go back to the $40/$50 per barrel. The FTO-Shale industry has cut its prices by half, and prices at $20 per barrel cannot stay much longer. Several OPEC members cannot live unless the Brent price gets back to $50, it will happen very soon.

  • ousaouparis by ousaouparis Apr 9, 2016 2:35 AM Flag

    IEVM IPO took place the 30th August 2000, or 4 month short of 16 years. Excelyte the product that is IEVM at first was a disinfectant for hospital, slaughter houses and restaurants. Early on it was approved by the FDA, not a small achievement. Excelyte cannot be patented; I think I know why because this electrolytic process has been used, with success, by at least, two industries that I am familiar with, semi-conductor and industries requiring the water polarity control. I may be wrong but let it be as that!
    I became interested by Excelyte subsequent to reading an article on “RigZone” an O&G upstream internet website. I spent the last 30 years of my carrier in the O&G business, designing drilling offshore rigs. I know first-hand the problems that H2S can do from a health and safety point of view but also the oxidation of steel used in drilling. The H2S corrode very quickly the steel pipes and failure is catastrophic. The drilling and production industry deals with high pressure in the thousands of PSI. When a failure occurs it is a big deal and the personnel exposure is deadly. The standard procedure to deal with H2S in the drilling environment is to flow the return mud through a separator and burn the H2S gas as far downwind from the rig. The mud cleaning, for reuse become expensive, and all personnel must use gas masks. H2S is heavier than air, so very dangerous to handle, 5 PPM is already too much.
    Upon reading the article I realized Excelyte potential and purchased shares of IEVM. The management of IEVM had just discovered the potential of Excelyte. This was 2 years ago today; the old IEVM management had no experience with the O&G industry and that for 14 years! Excelyte cost to produce is inexpensive as compared with the competition. Chlorine is probably 10 times more expensive, but still requires other treatment if ecologically discharged. The other competition is even more expensive as it requires distillation by evaporation. The distillate water is fresh wa

  • Reply to

    The "big" picture

    by zzg123 Apr 5, 2016 2:37 PM
    ousaouparis ousaouparis Apr 6, 2016 9:06 AM Flag

    I goof up, I like this comment. Excelyte has little competition at this low discontinuation cost. The market is rough, patience!

  • Reply to

    Everyone's updated thoughts here?

    by zzg123 Mar 31, 2016 11:38 PM
    ousaouparis ousaouparis Apr 2, 2016 9:48 PM Flag

    I look at IEVM as a poker hand. I believe Excelyte to be a good product competitive in the H2S O&G market. The competition is many times more expensive. Chlorine is one the other is decontamination through evaporative condensation. Excelyte can become the principal decontaminant for H2S what is holding it back is the WTI price. My guess is that Excelyte treatment is less than $1 per barrel. Many EPs are just about under, so a $1 per barrel expense is too much, they prefer to shut down the well.
    The question is, has the index price bottom out, I would prefer to say: is OPEC capable to keep its members in line. The Saudis can keep up the price that low, but the members like Nigeria which get 70% of their budget from crude oil revenue, cannot stay alive with these kinds of prices. By the end of the year, 2016, the bottom will be behind us.

  • Reply to

    Difficult market

    by ousaouparis Mar 31, 2016 10:45 PM
    ousaouparis ousaouparis Apr 1, 2016 7:21 AM Flag

    A shut down well must be work over to be back in production. That is true for standard reservoir wells. In a LTO-Shale well, the production start out as IP than after a year or two get in the EUR volume. Shutting down these wells means to forgo the fracking fluids which provide the pressure to not only frack but bring the crude of gas to the surface. A EUR well will slowly lose production volume. At some point the cost of maintaining the well head equipment does not cover the cost of the production of that well, so shut down is SOP. The other alternative would be to refract the well, but the geological formation must still be viable. This is up to the EP. In general I would assume that a new IP well would be preferable. I know that the cost of a new FTO well ready to produce is argumentative. In general today the cost is halve what it was 3 years ago. Some where between 2 or 3 millions dollar, including fracking. This investment over 3 years is profitable with crude oil at $25/$30 per barrel. This is assuming that large loans where not taken on 3 or 4 years ago.

  • ousaouparis by ousaouparis Mar 31, 2016 10:45 PM Flag

    This K-10 just publish state basically the same as the last one. IEVM is paying its permanent employees with stocks. As in the last K-10 IEVM has 3 month of cash to cover all expenses.

    If you get paid in stocks, would you keep on working knowing that IEVM may go bankrupt? I still believe IEVM is a good product that must live and compete in a very difficult market.
    I believe that several new developments will make Excelyte more acceptable: 1. the man made earthquake in Oklahoma and other states will make fracking flow back more difficult to pump in disposal wells. The flow back will have to be decontaminated prior disposal. 2. IEVM will be used in at least gathering pipeline networks.
    The down side is that wells contaminated may be shut down all together. This market may just call for that.
    Excelyte may interest a major which has or is going to have contaminated H2S production. Than IEVM could become a subsidiary of a major or bought out altogether. For us the best option would be a buy out with stocks not cash.

  • Reply to

    Question on employees

    by zzg123 Mar 31, 2016 1:15 AM
    ousaouparis ousaouparis Mar 31, 2016 10:26 PM Flag

    I am sure IEVM has contract employees. A contract employee from an accounting point of view is an expense just like buying a pencil.

  • Reply to

    Next quarterly distribution

    by nevrindoubt Mar 29, 2016 6:24 AM
    ousaouparis ousaouparis Mar 29, 2016 9:44 AM Flag

    If I remember well, MSB mine is shut down while the locks are closed. There may be several boatload waiting to pass the locks. But these will be the first in 3 months or there about. If there is a distribution in Q1, it will be may be $0.01 per units. The biggest problem for MSB iron ore is that it only customer is the great lake area. The economy of the great lake area is not good at present!!

  • Reply to

    What will the 10-k bring?

    by zzg123 Mar 19, 2016 1:58 AM
    ousaouparis ousaouparis Mar 29, 2016 4:02 AM Flag

    IEVM own Excelyte which is specifically used to decontaminate water based fluids containing H2S. IEVM has added another product that eliminates other parasites. There is little competition for water decontamination, but this process does not take fracking return fluids and makes it fresh water or even potable water. Fountain Quail NOMAD™ process is a proprietary water distillation technology. It works as thermal evaporator desalinated return water from hydraulic fracturing into distilled freshwater system.
    Before fracking can take place the well as to be drilled. Drilling mud is not fracking liquid and is used to keep the drill bits clean and cool and return the shaving to the surface. In standard drilling the water is mixed with ingredients that enhance the drill bits cutting. The drilling mud flow through the drill pipe and return through the annulus. Another important function of the drilling mud is the produce enough hydraulic resistance by been heavier that water such as, for example, 15 pound per gallon. The drilling mud should the drill bits perforate a high pressure crude oil or gas pocket, the mud will control or stop any possible blow out. The returned drilling mud may have H2S, therefore Excelyte is used to neutralize the H2S and many other potential dangerous parasites. Excelyte does not produce fresh water but the drilling mud goes through a process that eliminate sand, silica and any other matter found in the return mud. Than the drilling mud is recondition to the wanted weight and reused. Aside from the initial water input, the reconditioning requires little water.
    Fracking fluid requires lots of fresh water and is used to fracture the geological formation. This is performed after the drilling is completed and the perforations between the horizontal inner-outer production tubing are lined up. The fluid will return to top side with the liberated crude and/or gas. Once separated from the crude oil the fracking fluid will have to be process and water

  • Reply to

    What will the 10-k bring?

    by zzg123 Mar 19, 2016 1:58 AM
    ousaouparis ousaouparis Mar 28, 2016 6:00 AM Flag

    he bottom line is:
    1. Companies are not spending money unless they have to.
    2. Not all wells have H2S
    3. Many H2S well have been shut down especially if they are in the EUR life spend
    4. New IP wells are not call for yet, the WTI index price is not high enough.
    5. New spending will match new quarter, so watch for Q3. Q2 is done.

  • Reply to

    Key product exports are down verses 2015

    by dingkusbaringus Mar 7, 2016 1:50 PM
    ousaouparis ousaouparis Mar 14, 2016 2:00 AM Flag

    The export of diesel in Europe and to France in particular has for competition Russian diesel. France does not produce enough diesel and converting French refineries is a risky investment. Until a couple years ago, France exported its over production of gasoline to the US east coast. Several French refineries have closed down for not been competitive. Today diesel car are no longer wanted by the French government. You get a sizable discount if you buy a gasoline or electric car.
    The US should view Europe, in general, as a good potential market, for political reason. Europe has the choice of buying Russian or Middle East. The US offers a better political solution. This reasoning extend to LNG as well which compete with Russian natural gas. Qatar gas has 2 LNG terminals in Europe, 1 in Italy and the other in England.

  • Reply to

    ALDW can compete

    by ousaouparis Mar 11, 2016 9:25 PM
    ousaouparis ousaouparis Mar 13, 2016 7:59 AM Flag

    Trading from within a IRA or 401-K has the advantage that you are not taxed. You can be taxed on the amount of your distribution, or you are taxed on the total earning, your retirement income plus any distribution you may decided to give yoursef. So far, for the last 6 years, I do not excide the minimum taxable income. I have enough deductible to manage a zero tax. I am at an age where by the younger pay what I used to pay. My turn to enjoy being tax free.

  • Reply to

    ALDW can compete

    by ousaouparis Mar 11, 2016 9:25 PM
    ousaouparis ousaouparis Mar 12, 2016 5:49 PM Flag

    Nothing messy, you have to monitor the daily trading. MLPs, at least this one, distribute the left over cash flow. Therefore this is not a MLP that you buy and forget!

  • ousaouparis by ousaouparis Mar 11, 2016 9:25 PM Flag

    I have been a trader of ALDW since the crash in November 2014. I have traded NTI, CVRR but believe ALDW to have a better earning potential. Wanting to compare ALDW with VLO, XOM, CVX, does not make sense. The attraction in ALDW is the location and its market.
    ALDW location is smack in the middle of the Texas LTO-Shale market. The Big Spring refinery location is very close to the production areas and far enough from the GOM Houston refineries. It can take advantage of the pipeline fees and any possible discount should pipeline bottleneck develop.
    Big Spring refinery location is in a semi urban or rural market. Gasoline and diesel are delivered to its market with less cost than the gasoline or diesel produced in the Houston corridor. ALDW competition comes from refineries located and San Antonio, El Paso or those located in New Mexico.
    ALDW is competing for the Arizona market until recently a California supplied market. All refineries located in California are supplied with Brent or ANS crudes more expensive to start with. The cost of running these refineries is strapped in California regulations that render distillates production more expensive. ALDW can take advantage of its location and crude supply cost and expand in Arizona. The Big Spring refinery can use WTI or WTS and can produce high octane distillate. The new standards will impose the use of higher octane gasoline for better millage and cleaner burning. Gasoline will require to be of high octane quality. Big Spring is ready for this situation.

  • Reply to

    I'm frustrated

    by bcsliker Mar 1, 2016 8:29 PM
    ousaouparis ousaouparis Mar 6, 2016 8:14 AM Flag

    It is fair to say that the WTI crash is the reason Excelyte is not taking off as it should be. Drilling is one aspect of the Excelyte treatment, but when re-fracking is done, once the IP become an awful EUR, Excelyte treatment is again used. It is also true that there are hundreds of wells waiting to be fracked to start to produce IP rate. Some believe that 1600 wells are on stand by for the WTI index to make it profitable to add wells to production.
    Managing LTO-Shale is very much different that standard reservoir production. Many LTO EP’s keep on drilling but do not frack. Excelyte is used in the drilling side of LTO, but once the drilling is achieved the fracking has to take place for the production to start. Excelyte neutralize the H2S of the crude or gas produced. Excelyte treats the drilling mud from H2S for easy disposal.
    Bottom line the WTI index has to stabilize around high $40s for Excelyte to take off. Patience is not an easy practice. My guess, 4th quarter 2016 is the earliest possible IEVM bump, up to $0.03 max. Could go to $.05 or $.06 should the WTI index stabilize in the high $50s. I am not including the new pipeline treatment.

  • ousaouparis by ousaouparis Mar 2, 2016 9:36 AM Flag

    ALDW has expanded its refinery reformer and alkylation units that produce high-octane components. The main reason for these refineries improvement is the growth in premium gasoline sales. The high octane as to do with average fuel economy (CAFE) standards enacted by Congress in 1975. That mandate increases the average miles per gallon required to be achieved by new cars and trucks. One of the most significant technologies for greater fuel efficiency is the use of turbocharged engines to improve fuel economy and engine performance. That means, for example, your Ford F350 V6 pickup truck engine comes with an “EcoBoost” option that is a turbocharger. Manufacturers of turbocharged engines generally either require or recommend the use of premium gasoline because it contains higher octane that helps the engine run smoother and more efficiently. ALDW is ready to provide high octane premium gasoline. ALDW is staying competitive; the high octane gasoline will fetch higher retail prices.

  • Reply to

    I'm frustrated

    by bcsliker Mar 1, 2016 8:29 PM
    ousaouparis ousaouparis Mar 2, 2016 12:08 AM Flag

    I cannot blame you, 10 years is a long time. My investment is 18 months old and happen in 3 purchases to lower my share cost bases. I am afraid that the drilling market will see an upside with crude oil above $50. I call my IEVM investment my poker hand. I only want the shares to go to $0.1 than I will have to decide, take my profit or double up?? Until than, I can live with the volatility.