Statoil ASA (STO)
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- StatoilHydro: Well-Prepared for the Future [view article]
- Rearranging an Energy Portfolio Geographically [view article]
- Five Energy Companies That Spell Opportunity [view article]
- Oil: The Inconvenient Truth [view article]
- Brazil and Petrobras Are Awash in New Oil [view article]
- Big Oil Companies Could Lose Out on Exploration Deals [view article]
- 4 Ways to Fight "Oil-flation" [view article]
- In Light of Peak Oil, Financial Diversification Is a Bad Idea [view article]
- The Economics of Political Spin [view article]
- Oil Will Only Fall So Far [view article]
- The 'Peak Oil' Myth: New Oil Is Plentiful [view article]
- Stagflation and Peak Oil: How Related Are They? (Part II) [view article]
loading ...Recent STO Articles
- Five Storm Tested Energy Stocks
- StatoilHydro: Well-Prepared for the Future
- Five Energy Companies That Spell Opportunity
- What You Should Do Right Now - Roger Nusbaum
- Rearranging an Energy Portfolio Geographically
- Brazil and Petrobras Are Awash in New Oil
- Big Oil Companies Could Lose Out on Exploration Deals
- Oil: The Inconvenient Truth
- 4 Ways to Fight "Oil-flation"
- The Economics of Political Spin
- Full List of Articles »
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StatoilHydro: Well-Prepared for the Future [view article]
What we "maybe" facing is a depression of different and similar effects of the 1930's. In that depression many commodities fell below the cost of production for years without the beneficial effect of enough shortages to encourage price hikes.I too thought the markets would stabilize oil pricing and therefore less investment would produce oil shortages much faster than later. Now I wonder if my own scenario is valid or even reflects a scentilla of the comming reality.
The whole world was and still is based on unsustainable debt growth, this includes China and Asia more than is being generally commented on.
China now has announced that they will keep growth going with internal projects. Japan tried the same thing in the 90's and it went nowhere.
I now view oil (not gas so much) as in a secular bear market until 2012. Oil will not see the likes of 147 dollars until then. Reply
StatoilHydro: Well-Prepared for the Future [view article]
Agree completely. In the commodities businesses, rising prices are their own enemy, as they lead to more production and lower prices. Falling prices are their own friend, as they lead to postponement of projects, falling inventory, and so higher prices. The U.S. political scene has helped with higher prices by keeping offshore off limits and proposals of a windfall profits tax, which will further hurt E&P in the United States (including lost jobs that the politicians claim to care about so much). This will shorten the time to the next rise in prices. ReplyAltendorf
Rearranging an Energy Portfolio Geographically [view article]
I agree with X-15 on dividends and multinationals. Avoid Canadian tar sands and small cap Bakken crap. Actually, there's no reason to invest or remain invested in oil for the foreseeable future. ReplyRearranging an Energy Portfolio Geographically [view article]
Peak Oil still applies.Throwin the baby out with the bathwater is now ragin-
Go for dividend play with good prospects.
Iran, Nigeria, declining fields of major reserves aka Mexico, Prudoe Bay, NorthSea Oil, et al -perhaps even Saudi reserves gives rise to big returns somewhere down the road.
Canadian Oil might provide a currency appreciation also.
If you have testes of steel Reply
Rearranging an Energy Portfolio Geographically [view article]
Does anyone have any insight into why PGH has been dropping? I haven't been able to find any news on this matter and the stock is just continuing to plummet. This appears to be affected by MASSIVELY DEFLATIONARY forces here. Anyone care to share insight? ReplyRearranging an Energy Portfolio Geographically [view article]
Kurt,Do you have a comparison of the various Canadian Trusts and US MLPs in terms of dividend yield, % of FCF devoted to dividends, hedged book...? I'm trying to determine what energy companies have the safest dividends. Thanks. Reply
Five Energy Companies That Spell Opportunity [view article]
and use caution when investing. ReplyFive Energy Companies That Spell Opportunity [view article]
A wise investor once told me , don't ever enter your position unless you know your exit strategy from the start. Make sure you are always protected with a strategy that's continually adjusting. ReplyFive Energy Companies That Spell Opportunity [view article]
Agreed, Petrochina (PTR) is astoundingly cheap right now. Their dividends have generally been over $2 per share, I don't see this changing; PTR will continue to pay to wait. Here are some more stats on PTR (pardon the formatting):Total Returns %, 2003, 2004, 2005, 2006, 2007, YTD
Stock, 205.8, -1.4, 60.9 ,79.1, 29.2, -43.0
+/- Industry, 171.3, -21.5, 36.0, 58.6, 2.2, -11.0
+/- S&P 500, 179.4, -10.4, 57.9, 65.4, 25.7, -17.8
They are down over 60% from their 52-week and 5-year highs. Global recession, mild correction, major correction, upcoming depression--whatever your viewpoint is, China isn't going to stop growing. It may slow somewhat, but it will not stop. McKinsey's findings:
"By 2025, an additional 5 million buildings — including up to 50,000 skyscrapers, or the equivalent of 10 New York Cities — could be built in China, the McKinsey Global Institute, a U.S. consulting firm, predicted in a March report.
China could end up with as many as 221 cities that each have a population above 1 million, as a result of hundreds of millions of farmers moving to urban areas."
Add to this fact that a few hundred new vehicles (300M+) will be added to Chinese roads by 2015--this growth story may slow, but it WILL NOT stop. We are looking at the world's new super power jockeying for position.
Disclosure: I'm long platinum (ELR.TO, the commodity itself, and a few ETF's; catalytic converters will still be in heavy demand going forward), I'm long Petrochina for the reasons stated above, and I'm long steel and infrastructure (MT is strategically positioned to service China's growing demand).
In my view, this global market meltdown--though seemingly severe right now--will look like a hiccup when viewed in context in five years from now.
The world is not ending. We are just about to commence the biggest bull market in the history of civilization.
Bottoms are violent.
Reply
Five Energy Companies That Spell Opportunity [view article]
With all the bubble manias paultaut mentioned I know eagerly await the "Carbon Credit" bubble mania that will pull Wall Street out of its slide.Anyone for a carbon credit collar or a collateral carbon debt instrument.? Reply
Five Energy Companies That Spell Opportunity [view article]
Of The countries mentioned two are all natural resource endowed, as the US once was. Apples to apples please. (New Zealand entered into a recession last week.)The last 8 years have had The Internet Bubble, 9-11, a recession, Iraq/Afganistan, the Housing Bubble, a massive unrecognized inflationary food and energy bubble, the ongoing Credit Crunch/Bailouts and Recession in the offing. Toss in hundreds of Billions for Pork, Homeland Security, the Defense Budget, Medicare/Medicade and a few natural disasters like Ivan, Rita, Katrina and now Ike, its a wonder that the past 8 years haven't tripled the National Debt.
Deficits as a percentage of GDP are almost double that of the US, unemployment in the EU averages 7.5%. A few countries like Denmark, Norway, Finland, and Sweden are on the verge of Bankruptcy because of their social programs. Need ultra expensive Medical treatment, fly to Denmark. Free of charge regardless of citizenship.
The EU has its own problems.
Using 7 1/2 years for some items and 5 for others seems like an attempt to skew figures. From their respective lows, both the DOW and S&P almost doubled before their peaks a year ago. Besides, there really is no direct comparision. The usage of percentages on Country Indexes having only a hundred stocks or less vs hundreds or more is simply not viable. The US has more stocks in some sectors than some countries have public companies.
Life is hard and then you die.
Reply
Five Energy Companies That Spell Opportunity [view article]
Stronger dollar = lower energy pricesHas the US Govt done anything recently that strengthens the dollar? Hmmm.... Reply
Five Energy Companies That Spell Opportunity [view article]
Stronger dollar = lower energy pricesHas the US Govt done anything recently that strengthens the dollar? Hmmm.... Reply
Hawthorne
Five Energy Companies That Spell Opportunity [view article]
finmah! Your claim to "Take a look at New Zealand stocks to see what happens under the big government" begs for some investigation...Yes, let's take a look at New Zealand.... The NZ50 index has risen about 28% over the last 5 years as compared to the S&P500's 12% over the same time period!
Want to try Canada? Okay, the S&P/TSX is up a whopping 57% over the past 5 years!
Want to try Sweden? Okay, the Stockholm OMXS All Share is up 48% over the last 5 years...
Both New Zealand and Canada instituted "emergency" goods and services taxation 15-20 years ago to tackle what they perceived as a HUGE National Debt problem. At the time, this measure was met with doom and gloom prognostications that it would sink their respective economies. Today, the Canadian National Debt is just over $800Bln or about $18,000 per person, and they're still worried! The USA National debt is running between $33,000 and $37,000 per person depending on just when you choose to cut off the numbers.
I'm not blaming him for the entire problem, but on the day President Bush took office, the national debt stood at $5.727 trillion. The latest number from the Treasury Department (if you choose to believe it) shows the national debt now stands at more than $9.849 trillion. That’s a 71.9 percent increase over the last 71/2 years.
Amazing! It would at least appear on the surface that New Zealand, Sweden and Canada, all countries of "Big Government" are reducing their debt while enjoying eye-popping stock market returns because they actually produce and export more "things" than they import. (Yes, they enjoy a trade surplus).
Our major export appears to have been Treasuries, and it looks like there will be fewer and fewer buyers of our debt.
If we're good traders, we'll make good trades; regardless of who is in the White House!
I would dearly love to be proven wrong here, but I'm having a real hard time understanding your arguments, finmah! Reply
Five Energy Companies That Spell Opportunity [view article]
Simply amazing that no one in the media wishes to admit that there are vast differences in how an investment in oil/gas will be under the rule of a Democratic White House, Senate, House of Rep and judges to soon be filled.People are in denial - they just snuck a carbon tax in a nonrelated bailout of a runaway govern mort program.
He is right that oil might rise in the future - but that is only because as a nation we will be poorer under currency strain and the crush of poor energy planning. When the emerging markets decouple than there will be a real explosion in oil prices - 5 years out. But again that is only because we will backwardize by capping our growth (the most against) all other nations who are going nuclear or building soverign wealth funds from our Treasury - and of course drilling like mad (Norway, Russia).
The oil and gas execs will probably pack up and move their headquarters to Dubai (tax free) like Haliburton where the Fed govern will lose their tax receipts because of the lecture series held by the party of trial lawyers and labor. Seems to me that there is more time before the intergrated oil ever pull ahead . You are better off playing the fake and fast pop in solar coming as the media whips up people for string fans across the Rockies to catch wind or solar panels. Like ethanol that will collapse as it isn't "perfect enough" - someone will find a problem.
It should be a better ride - leave the integrated to migrate to countries with pragmatic and serious electorate - who still aren't debating drilling after 35 years.
Take a look at New Zealand stocks to see what happens under the big govern tent. Reply