Sat, Jul 26, 2014, 5:46 AM EDT - U.S. Markets closed

Recent

% | $
Click the to save as a favorite.

Linn Energy, LLC (LINE) Message Board

sollid_companiess_only 30 posts  |  Last Activity: Jun 22, 2014 11:41 AM Member since: Aug 24, 2012
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • sollid_companiess_only by sollid_companiess_only Jun 22, 2014 11:41 AM Flag

    NEW YORK—Natural gas will cost more this year, on average, than previously expected, government forecasters said Tuesday.

    The U.S. Energy Information Administration said natural gas will average $4.74 per million British thermal units, up 6.8% from its forecast last month, as supplies are likely to stay tight.

    The country's shale boom is encouraging power plants and industrial consumers to use more gas than expected, but the boom hasn't produced as much supply as expected this year, the EIA said. The agency's short-term forecast predicts the gas industry will need to produce more in November and December to catch up and match consumer demand of 72.3 billion cubic feet a day in 2014, up 0.22 billion cubic feet a day from last month's forecast.

    Gas prices have been rising this spring as investors question whether even record production could match unrelenting demand. Forecasters now say average prices from April through June will be 10% higher than they expected just a month ago, pushing the average price up for the whole year.

  • COP shareholders/investors are in the right place, at the right time. GLTA COP'ers!:

    NEW YORK—Natural gas will cost more this year, on average, than previously expected, government forecasters said Tuesday.

    The U.S. Energy Information Administration said natural gas will average $4.74 per million British thermal units, up 6.8% from its forecast last month, as supplies are likely to stay tight.

    The country's shale boom is encouraging power plants and industrial consumers to use more gas than expected, but the boom hasn't produced as much supply as expected this year, the EIA said. The agency's short-term forecast predicts the gas industry will need to produce more in November and December to catch up and match consumer demand of 72.3 billion cubic feet a day in 2014, up 0.22 billion cubic feet a day from last month's forecast.

    Gas prices have been rising this spring as investors question whether even record production could match unrelenting demand. Forecasters now say average prices from April through June will be 10% higher than they expected just a month ago, pushing the average price up for the whole year.

  • To enhance its energy security, China has been pressing forward with its Strategic Petroleum Reserve plans amid its feverish race to secure oil and gas deals worldwide. In July, the country’s state-run Sinochem Corp. started expanding a facility that will become the country’s largest strategic oil reserve site. The site on Aoshan island, just off the manufacturing hub of Zhejiang province in east China, will eventually hold 50 million barrels, or roughly ten days of China’s current rate of net crude imports, after adding a 19-million-barrel farm to its existing 31-million-barrel base.

    This news follows China National Petroleum Corporation’s (CNPC) March disclosure that it had started construction on a SPR facility in Jinzhou City. Both projects are part of eight facilities planned for China’s Strategic Petroleum Reserve Phase Two (SPR II). The Jinzhou site it expected to begin operations by 2015. It is expected to store 3 million cubic meters (18.9 million barrels) of oil, and will cost Chinese Yuan 2.26 billion ($357.4 million), according to Xinhua News Agency.

    How this will play out in international oil markets and even geo-politically is already being seen. While it’s no secret that oil price increases in the last ten years are partly due to increased Chinese demand, China’s filling of its oil reserve facilities will take that to the next level, making China an oil shaker and mover on par with the United States. In fact the US, who can influence the price of oil with releases from its massive 700 million barrel reserves, will have even stiffer competition from China who is projected to have 500 million barrels once it completes its SPR facilities by 2020. By then, the world’s number one and number two oil importers will have over a billion barrels of oil in reserve. Added to the mix is a January disclosure by Goldman Sachs that within a year and a half China is due to overtake the US to become the world's largest oil importer.

  • To enhance its energy security, China has been pressing forward with its Strategic Petroleum Reserve plans amid its feverish race to secure oil and gas deals worldwide. In July, the country’s state-run Sinochem Corp. started expanding a facility that will become the country’s largest strategic oil reserve site. The site on Aoshan island, just off the manufacturing hub of Zhejiang province in east China, will eventually hold 50 million barrels, or roughly ten days of China’s current rate of net crude imports, after adding a 19-million-barrel farm to its existing 31-million-barrel base.

    This news follows China National Petroleum Corporation’s (CNPC) March disclosure that it had started construction on a SPR facility in Jinzhou City. Both projects are part of eight facilities planned for China’s Strategic Petroleum Reserve Phase Two (SPR II). The Jinzhou site it expected to begin operations by 2015. It is expected to store 3 million cubic meters (18.9 million barrels) of oil, and will cost Chinese Yuan 2.26 billion ($357.4 million), according to Xinhua News Agency.

    How this will play out in international oil markets and even geo-politically is already being seen. While it’s no secret that oil price increases in the last ten years are partly due to increased Chinese demand, China’s filling of its oil reserve facilities will take that to the next level, making China an oil shaker and mover on par with the United States. In fact the US, who can influence the price of oil with releases from its massive 700 million barrel reserves, will have even stiffer competition from China who is projected to have 500 million barrels once it completes its SPR facilities by 2020. By then, the world’s number one and number two oil importers will have over a billion barrels of oil in reserve. Added to the mix is a January disclosure by Goldman Sachs that within a year and a half China is due to overtake the US to become the world's largest oil importer.

  • sollid_companiess_only by sollid_companiess_only Jun 21, 2014 11:15 PM Flag

    To enhance its energy security, China has been pressing forward with its Strategic Petroleum Reserve plans amid its feverish race to secure oil and gas deals worldwide. In July, the country’s state-run Sinochem Corp. started expanding a facility that will become the country’s largest strategic oil reserve site. The site on Aoshan island, just off the manufacturing hub of Zhejiang province in east China, will eventually hold 50 million barrels, or roughly ten days of China’s current rate of net crude imports, after adding a 19-million-barrel farm to its existing 31-million-barrel base.

    This news follows China National Petroleum Corporation’s (CNPC) March disclosure that it had started construction on a SPR facility in Jinzhou City. Both projects are part of eight facilities planned for China’s Strategic Petroleum Reserve Phase Two (SPR II). The Jinzhou site it expected to begin operations by 2015. It is expected to store 3 million cubic meters (18.9 million barrels) of oil, and will cost Chinese Yuan 2.26 billion ($357.4 million), according to Xinhua News Agency.

    How this will play out in international oil markets and even geo-politically is already being seen. While it’s no secret that oil price increases in the last ten years are partly due to increased Chinese demand, China’s filling of its oil reserve facilities will take that to the next level, making China an oil shaker and mover on par with the United States. In fact the US, who can influence the price of oil with releases from its massive 700 million barrel reserves, will have even stiffer competition from China who is projected to have 500 million barrels once it completes its SPR facilities by 2020. By then, the world’s number one and number two oil importers will have over a billion barrels of oil in reserve. Added to the mix is a January disclosure by Goldman Sachs that within a year and a half China is due to overtake the US to become the world's largest oil importer.

  • sollid_companiess_only by sollid_companiess_only Jun 21, 2014 8:20 PM Flag

    To enhance its energy security, China has been pressing forward with its Strategic Petroleum Reserve plans amid its feverish race to secure oil and gas deals worldwide. In July, the country’s state-run Sinochem Corp. started expanding a facility that will become the country’s largest strategic oil reserve site. The site on Aoshan island, just off the manufacturing hub of Zhejiang province in east China, will eventually hold 50 million barrels, or roughly ten days of China’s current rate of net crude imports, after adding a 19-million-barrel farm to its existing 31-million-barrel base.

    This news follows China National Petroleum Corporation’s (CNPC) March disclosure that it had started construction on a SPR facility in Jinzhou City. Both projects are part of eight facilities planned for China’s Strategic Petroleum Reserve Phase Two (SPR II). The Jinzhou site it expected to begin operations by 2015. It is expected to store 3 million cubic meters (18.9 million barrels) of oil, and will cost Chinese Yuan 2.26 billion ($357.4 million), according to Xinhua News Agency.

    How this will play out in international oil markets and even geo-politically is already being seen. While it’s no secret that oil price increases in the last ten years are partly due to increased Chinese demand, China’s filling of its oil reserve facilities will take that to the next level, making China an oil shaker and mover on par with the United States. In fact the US, who can influence the price of oil with releases from its massive 700 million barrel reserves, will have even stiffer competition from China who is projected to have 500 million barrels once it completes its SPR facilities by 2020. By then, the world’s number one and number two oil importers will have over a billion barrels of oil in reserve. Added to the mix is a January disclosure by Goldman Sachs that within a year and a half China is due to overtake the US to become the world”s biggest oil importer.

  • sollid_companiess_only sollid_companiess_only Jun 21, 2014 10:13 AM Flag

    "Without the spectrum, DISH is worthless"

    I agree, without the spectrum Dish will be in a slow decline as the 'pay for tv' business is in decline. However, I don't believe that Dish's CEO, Ergen, will let the spectrum go without insuring the future of DISH.

  • sollid_companiess_only by sollid_companiess_only Jun 21, 2014 10:07 AM Flag

    COP has certainly rewarded it's shareholders over the last 12 months. In those 12 months, the PPS has risen from $60 to $85+ a share, a gain of 42%. And that gain doesn't include the generous dividend payout. What is even more important is that Management foresees continued success over the next five years at least, with gains forecasted in the double digits, annually.

    Good luck to all COP shareholders, I believe that you have invested in the right place at the right time.

  • Excerpt from the article/blog:

    Ensco plc (ESV)

    Ensco maintained a strong financial position in the first quarter of 2014:
    •$10 billion of contracted revenue backlog excluding bonus opportunities
    •Long-term debt-to-capital ratio of 27%
    •Fully available $2 billion revolving credit facility
    •$123 million of cash and cash equivalents

    ESV's payout ratio is relatively low at 42.29%, and it maintained a strong financial position. Furthermore, the demand for new oil and gas exploration is increasing, and the earnings growth prospects of the company are strong. All these factors lead me to believe that the company can continue to raise its dividend payments.

  • Verizon Wireless is very interested in buying Dish Network’s spectrum, The Post has learned.

    A top Verizon executive told a group of insiders in the last few weeks that the country’s No. 1 wireless carrier was eyeing the lucrative spectrum owned by Charlie Ergen’s satellite-TV company, a banker with direct knowledge of the conversation said.

    Analysts have estimated Dish’s spectrum could be worth as much as $17 billion.

    A second source close to the companies said the two companies have held informal, early talks about the spectrum.

    Verizon’s appetite comes only weeks after it tried to quiet deal rumors.

    CEO Lowell McAdam on May 20 said during an investor conference that Verizon was not interested in buying the $27 billion Dish.

    “I don’t think owning a satellite company is something I’m interested in at this point,” McAdam said.

    The CEO did not address Dish’s valuable spectrum.

    Acquiring the bandwidths would help Verizon better stream videos in urban areas.

    Plus, much of Dish’s spectrum is complementary to spectrum Verizon presently owns, a source said.

    Much of Dish’s spectrum is important for short-range Wi-Fi communications.

    The pressure may be building for Verizon to act soon.

  • Reply to

    Chevron Take Out MRO?

    by theville4ever_1972 Jun 19, 2014 8:49 AM
    sollid_companiess_only sollid_companiess_only Jun 19, 2014 9:36 AM Flag

    A Chevron buy out of MRO sure wouldn't be good news for MRO shareholders, even if Chevron offered a 50% premium for MRO shares. I've owned MRO shares for almost exactly 2 years, in my Fidelity IRA account. During that time period the pps of my MRO shares have gained over 60% in value, from $25 to $39. During the same two year period, Chevron only gained 20% in value.

    The only thing that MRO shareholders would gain from such a buyout is a short term premium on their shares. MRO is an up and coming energy company that can grow it's output and shareholder wealth dramatically and quickly. Chevron is a behemoth that can't.

  • sollid_companiess_only by sollid_companiess_only Jun 17, 2014 10:29 AM Flag

    In 2013, about 18 months ago, I bought 250 shares of YY at $16.28 per share, a cost basis of $4071. The good news is that these shares have multiplied 4.5 times in value to $74.13, $18.5k. The bad news is that I only bought 250 shares. I feel that the current pps is too high to buy any more shares. But, all in all, YY has been great to me!

  • This bodes well for ESV investors:

    According to the International Energy Agency, the global community must invest $48 trillion by 2035 to meet the world's energy needs. Of that, $23 trillion will need to be spent on fossil fuel extraction, transportation, and oil refining. This investment will help to offset declining oil and gas wells, as well as help to meet the growing demand for energy in emerging nations. Needless to say, this is a supertrend that deserves a place in nearly every portfolio.

  • sollid_companiess_only by sollid_companiess_only Jun 16, 2014 8:40 AM Flag

    By Lior Cohen | More Articles
    June 15, 2014 | Comments (0)

    Coal has been in the news for the past couple of weeks after the announcement of new restrictions on carbon emissions, which are likely to reduce U.S coal consumption in the coming years. But this year the coal market is actually expected to slowly improve. CSX (NYSE: CSX ) , a transporter of coal, could benefit from the rise in coal demand.

    Elevated natural gas prices have driven the demand for coal in the past several months. Moreover, in 2014, the U.S Energy Information Administration expects coal consumption to increase by 5% year over year. This higher consumption is likely to result in an increase in inventory buildups for coal.

    Coal productionanies is projected to drop this year: Arch Coal estimates its annual coal sold (in tons) to fall by 3.5% compared to 2013. Alliance Resource Partners expects to produce 4% less in 2014 than in 2013.

    But on a larger scale, the expected rise in demand for coal is likely to benefit coal transporters such as CSX. The company's executive vice president and chief financial officer projects CSX's earnings will grow by single-digits in 2014, and by double-digits in early 2015. Part of the rise in sales is due to an increase in the amount of coal transported: "...volume growth has picked up strongly, and we have visibility to several million new tons of domestic coal as inventories are normalizing and natural gas prices have risen."

    Despite the expected rally in coal volume, CSX's revenue from coal declined by 8% in the first quarter of 2014. Most of this drop is due to lower coal exports. Looking forward, however, the ongoing rally in the U.S. coal market could keep driving up the company's revenue in the coming quarters. In the first five weeks of the second quarter, the company's volume transported increased by 9%. if coal consumption picks up by 5%, as the EIA estimates, this could mean a 1% rise in CSX's revenue.

  • TPLM's shareholders/investors will benefit from this investment in the long term:

    According to the International Energy Agency, the global community must invest $48 trillion by 2035 to meet the world's energy needs. Of that, $23 trillion will need to be spent on fossil fuel extraction, transportation, and oil refining. This investment will help to offset declining oil and gas wells, as well as help to meet the growing demand for energy in emerging nations. Needless to say, this is a supertrend that deserves a place in nearly every portfolio.

  • OXY's shareholders/investors will benefit from this investment in the long term:

    According to the International Energy Agency, the global community must invest $48 trillion by 2035 to meet the world's energy needs. Of that, $23 trillion will need to be spent on fossil fuel extraction, transportation, and oil refining. This investment will help to offset declining oil and gas wells, as well as help to meet the growing demand for energy in emerging nations. Needless to say, this is a supertrend that deserves a place in nearly every portfolio.

  • sollid_companiess_only by sollid_companiess_only Jun 14, 2014 1:41 PM Flag

    According to the International Energy Agency, the global community must invest $48 trillion by 2035 to meet the world's energy needs. Of that, $23 trillion will need to be spent on fossil fuel extraction, transportation, and oil refining. This investment will help to offset declining oil and gas wells, as well as help to meet the growing demand for energy in emerging nations. Needless to say, this is a supertrend that deserves a place in nearly every portfolio.

    GLTA TPLM shareholders.

  • According to the International Energy Agency, the global community must invest $48 trillion by 2035 to meet the world's energy needs. Of that, $23 trillion will need to be spent on fossil fuel extraction, transportation, and oil refining. This investment will help to offset declining oil and gas wells, as well as help to meet the growing demand for energy in emerging nations. Needless to say, this is a supertrend that deserves a place in nearly every portfolio. While a number of companies will benefit from this megatrend, I think ConocoPhillips (NYSE: COP ) , Anadarko Petroleum (NYSE: APC ) and Chevron (NYSE: CVX ) are among the best positioned to profit.

    These three companies have energy assets spread around the world, and all three have a plan in place to grow production. ConocoPhillips expects 3%-5% compound annual production growth through 2017, with major growth opportunities beyond that. Anadarko Petroleum expects even higher 5%-7% compound annual production growth through 2020. Finally, Chevron anticipates 20% total production growth from 2013 to 2017, with post-2017 growth projects beginning to emerge.

  • •By holding the dividend at $2.64 after spinning off Phillips 66, Conoco raised its payout ratio from 30% of net profits to 44% of net profits.
    •Most likely, Conoco will try and lower this payout ratio to the 25-30% range over the long term to allow for the capital projects necessary to fund growth.
    •The implication is that, for the next several years, earnings per share may be increasing faster than dividends as the company recalibrates to a more appropriate long-term payout ratio.

    After spinning off Phillips 66 (PSX) in 2012, Conoco (COP) management made an important decision: they chose to keep their dividend at $2.64 per share. This was significant because the removal of Phillips 66 from the Conoco corporate umbrella reduced Conoco's earnings per share from $8.76 in 2011 to $5.91 at the time of the spinoff. In other words, by keeping the payout steady without Phillips 66 on the balance sheet, Conoco effectively raised its dividend payout ratio from 30% in 2011 to 44% after the spinoff.

    Now that Conoco is an exploration and production company, there can be an inclination to get the payout ratio more in line with the 25-30% range rather than the nearly 40-50% range that the company has been in since divesting Phillips 66.

  • sollid_companiess_only sollid_companiess_only Jun 12, 2014 6:27 PM Flag

    Unclelarry, a lot depends on how old you are, over 59 1/2 or not. Here are the guidelines for borrowing from a Roth IRA account:

    Borrowing Money

    While you technically cannot "borrow" money from a Roth in the form of a loan like you can from a 401k, you can withdraw and subsequently replace funds prior to reaching age 59 1/2. However, certain restrictions apply to the transaction. The money must be replaced in the account or rolled into another Roth IRA within 60 days of the withdrawal. You are also limited to one transaction of this type within a 12-month period. Unlike a loan, you do not need to pay interest on the amount you withdraw.

    Ramifications

    It is important that you replace the money you borrow within the 60-day window. If you fail to do so and you are under the age of 59 1/2, you may owe a 10 percent penalty and taxes on any earnings you withdraw. The same rules apply if you make more than one withdrawal within a 12-month period; even if you replace these funds within the 60-day window, you will incur the penalty and tax for the second and subsequent transactions.

    Considerations

    As an alternative to borrowing money from your Roth, you can consider taking a straight withdrawal. The IRS allows you to withdraw the full amount of your Roth contributions at any time without taxation or penalties. You can only withdraw the earnings without penalty after you've reached the age of 59 1/2 and if the account has been funded for at least five years, unless you qualify for certain exceptions. For example, if you have a disability or are purchasing a first home, you may be able to withdraw the earnings earlier without penalty.

LINE
31.17-0.20(-0.64%)Jul 25 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.