Thursday, August 26, 2010
Investors: Overview of Companies in the Bakken
A reminder of a nice overview of the Bakken as it relates to investing.
Investopedia: CLR, NOG, AEZ, HES
A nice little analysis of CLR, NOG, AEZ, and HES in an article dated yesterday, August 25, 2010. Coincidentally I purchased a few shares of NOG and CLR today but did not see this article until after making that transaction. Pure coincidence. But with price of oil holding above $60 in this economy, the market must be telling us something.
Another Nice Newfield Well: Bluefin 1-13H --1,869
Another nice Newfield well in Siverston field; an IP of 1,869.
File number 18689.
The Siverston is about 20 miles west of the Fort Berthold Indian Reservation. This is a fairly active area with a number of oil fields often in the news.
File number 18689.
The Siverston is about 20 miles west of the Fort Berthold Indian Reservation. This is a fairly active area with a number of oil fields often in the news.
Railcars: Another Indication That Things Are Not As Bad As They Seem
Another reason why I remain bullish for the long term.
This is from the print edition of The Oregonian, August 26, 2010.
Greenbrier Companies, one of Portland, Oregon's, mainstay industry employers will hire 260 new employees and shift 175 current employees all for the purpose .... drum roll ..... for building railcars.
Greenbrier has done a fair amount of bidding over the past two years but these are their first new orders in that time. The new work will consist of 1,000 new double-stack intermodal platforms as well as 700 new covered hopper cars. The company will also modify 1,100 double-stack platforms, lengthening them to 53 feet, allowing shippers to increase cargo volumes and better compete with truckers for freight traffic (it should be noted that there is no comparison between trucks and rails for long-haul transport, or for grain and automobile transport).
Earlier this summer I posted that the Port of Los Angeles set a record for railcars loadings ...the historical record for the month of June, not simply a record for past five years or past decade, but the historical record. Yes, there was a Port of Los Angeles during World War Two.
This is from the print edition of The Oregonian, August 26, 2010.
Greenbrier Companies, one of Portland, Oregon's, mainstay industry employers will hire 260 new employees and shift 175 current employees all for the purpose .... drum roll ..... for building railcars.
Greenbrier has done a fair amount of bidding over the past two years but these are their first new orders in that time. The new work will consist of 1,000 new double-stack intermodal platforms as well as 700 new covered hopper cars. The company will also modify 1,100 double-stack platforms, lengthening them to 53 feet, allowing shippers to increase cargo volumes and better compete with truckers for freight traffic (it should be noted that there is no comparison between trucks and rails for long-haul transport, or for grain and automobile transport).
Earlier this summer I posted that the Port of Los Angeles set a record for railcars loadings ...the historical record for the month of June, not simply a record for past five years or past decade, but the historical record. Yes, there was a Port of Los Angeles during World War Two.
Natural Gas Prices at Low For The Year
Despite wonderfully low natural gas prices -- wonderfully low for the consumer -- there are folks who still want to pay for much higher-priced and government-subsidized ethanol, wind, and solar energy. Whatever.
Meanwhile, great opportunities exist for long-term investors. Shares are very, very cheap for some good companies (not that they might go even lower).
Good luck to all; it seems to be quiet out there for the moment.
Meanwhile, great opportunities exist for long-term investors. Shares are very, very cheap for some good companies (not that they might go even lower).
Good luck to all; it seems to be quiet out there for the moment.
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