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Symbol Contract Month Time Last Chg Open High Low
GC U7 [30] GOLD Sep '07 13:43:25 673.0 s
8.0 672.5 672.8 672.5
GC V7 [30] GOLD Oct '07 16:53:36 675.8
7.8 667.0 677.9 667.0
GC X7 [30] GOLD Nov '07 13:43:25 678.8 s
678.8 670.9 670.9
GC Z7 [30] GOLD Dec '07 17:14:58 681.9
8.0 673.3 683.9 673.0
GC G8 [30] GOLD Feb '08 15:29:02 687.8
8.1 679.1 688.3 679.1
SI U7 [30] SILVER Sep '07 16:49:08 12.063
0.272 11.770 12.110 11.770
SI V7 [30] SILVER Oct '07 13:34:21 12.107 s
0.270 12.110 12.110 12.030
SI X7 [30] SILVER Nov '07 13:34:21 12.162 s
12.162 11.892 11.892
SI Z7 [30] SILVER Dec '07 17:13:59 12.230
0.270 11.945 12.275 11.930
SI F8 [30] SILVER Jan '08 13:34:21 12.281 s
0.271 12.281 12.281 12.281
HG U7 [30] COPPER - HIGH GRADE Sep '07 16:38:24 341.10
5.75 336.75 342.50 336.65
HG V7 [30] COPPER - HIGH GRADE Oct '07 14:36:31 340.90
5.55 336.60 342.50 336.60
HG X7 [30] COPPER - HIGH GRADE Nov '07 14:37:24 340.30
5.10 341.15 341.15 338.70
HG Z7 [30] COPPER - HIGH GRADE Dec '07 17:14:16 339.70
4.90 333.00 342.00 333.00
HG F8 [30] COPPER - HIGH GRADE Jan '08 13:39:20 338.90 s
4.70 340.10 341.00 340.10
PL U7 [30] PLATINUM Sep '07 13:25:09 1271.6 s
11.5 1271.6 1271.6 1271.6
PL V7 [30] PLATINUM Oct '07 13:25:09 1271.6 s
11.5 1266.8 1279.5 1261.0
PL F8 [30] PLATINUM Jan '08 13:25:09 1281.6 s
11.5 1282.9 1282.9 1275.0
PL J8 [30] PLATINUM Apr '08 13:25:09 1293.0 s
11.5 1293.0 1293.0 1293.0
AL U7 [30] ALUMINUM Sep '07 13:33:34 1.0900 s
0.0075 1.0900 1.0900 1.0900
AL V7 [30] ALUMINUM Oct '07 13:33:34 1.0975 s
0.0075 1.0975 1.0975 1.0975
AL X7 [30] ALUMINUM Nov '07 13:33:34 1.1050 s
0.0075 1.1050 1.1050 1.1050
AL Z7 [30] ALUMINUM Dec '07 13:33:34 1.1125 s
0.0075 1.1125 1.1125 1.1125
AL F8 [30] ALUMINUM Jan '08 13:33:34 1.1125 s
0.0075 1.1125 1.1125 1.1125
PA U7 [30] PALLADIUM Sep '07 13:23:25 333.50 s
2.80 329.75 334.30 329.75
PA V7 [30] PALLADIUM Oct '07 128.10 y
PA Z7 [30] PALLADIUM Dec '07 15:32:16 337.75
2.15 333.00 338.95 333.00
PA H8 [30] PALLADIUM Mar '08 13:23:25 342.50 s
2.15 342.50 342.50 342.50
PA M8 [30] PALLADIUM Jun '08 13:23:25 347.25 s
2.15 347.25 347.25 347.25
YG U7 [10] MINI GOLD Sep '07 16:03:14 672.9 s
8.4 665.9 672.0 665.9
YG V7 [10] MINI GOLD Oct '07 16:03:14 675.8 s
8.0 668.0 677.8 667.6
YG X7 [10] MINI GOLD Nov '07 16:03:14 678.7 s
8.0 678.7 678.7 678.7
YG Z7 [10] MINI GOLD Dec '07 16:03:14 681.8 s
8.1 673.8 683.8 673.2
YI U7 [10] MINI SILVER Sep '07 16:02:36 12.059 s
0.267 11.816 12.128 11.813
YI V7 [10] MINI SILVER Oct '07 16:02:36 12.126 s
0.258 11.887 12.150 11.887
YI X7 [10] MINI SILVER Nov '07 16:02:36 12.160 s
0.255 12.160 12.160 12.160
YI Z7 [10] MINI SILVER Dec '07 16:02:36 12.228 s
0.261 11.965 12.290 11.947
Delayed data retrieved on Sep 01 04:06:59 GMT • All quotes are in exchange local time • Data provided by FutureSource
s - Settlement Price y - Yesterday's Settlement Price e - Estimated
http://futuresource.quote.com/markets/market.jsp?id=energy
CL V7 [30] LIGHT CRUDE OIL Oct '07 17:13:22 74.04
0.68 73.60 74.44 73.40
HO U7 [30] HEATING OIL Sep '07 14:50:29 2.0422 s
0.0138 2.0405 2.0590 2.0320
XRB U7 [30] NY HARBOR RBOB GASOLINE BLENDSTOC Sep '07 14:58:31 2.0519 s
-0.0282 2.0790 2.1049 2.0239
PN U7 [30] PROPANE GAS Sep '07 13:27:32 1.2400 s
0.0125 1.2400 1.2400 1.2400
NG V7 [30] NATURAL GAS Oct '07 17:14:12 5.468
-0.167 5.696 5.762 5.414
JM U7 [30] CLEARPORT: PJM FINANCIALLY SETTLE Sep '07 16:27:58 54.25 s
-0.25 54.25 54.25 54.25
"60 Minutes" documentary -
Here's the link -
http://content.thewebvideo.com/Vidz/Oilsands.wmv
BQI is only in the beginning of the large discoveries -
the largest oil tar sands land res. in the free world -
dd....BQI....
http://investorshub.advfn.com/boards/board.asp?board_id=6668
----
btw..fys....
its very little left -
don't lose out on great health -
and wellness -
http://tinyurl.com/3792st
http://tinyurl.com/368bzx
God Bless
RE: see the message for update.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=22506732
#board-6568
Sen. Orrin Hatch (R-Utah) -
RE: Colorado and Utah, there is more recoverable oil than in the Middle East?" -
Ex....Grace Gratia Gratus....
Sen. Orrin Hatch (R-Utah) -
was asked to testify today in front of the Senate Energy
and Natural Resources Committee on his efforts to
develop fuel from a vast untapped domestic oil reserve
in tar sandsand oil shale --
a large part of which sits in eastern Utah.
"Who would have guessed that in just Colorado and Utah,
there is more recoverable oil than in the Middle East?"
Hatch said....
"We just don't count it among our nation's oil reserves
because it is not yet being developed commercially.
I find it disturbing that Utah imports oil from Canada
tar sands, even though we have a larger tar sands resource
within our own boundaries that remains undeveloped."
According to the U.S. Department of Energy, recoverable oil
shale in the western United States --
located mainly in Utah, Colorado and Wyoming --
exceeds one trillion barrels and is the richest --
and most geographically concentrated oil shale and tar sands
resource in the world.
Hatch noted that Canada recognized the potential of the
large tar sands deposits in the province of Alberta
and developed a government policy to go promote
their development -- increasing its oil reserves
by more than a factor of 10.
Hatch is working with Senators Bennett (R-Utah),
Allard (R-Colo.), and Salazar (D-Colo.) to develop a bill -
that would encourage development of commercially -
viable oil from oil shale and tar sands.
http://www.freerepublic.com/focus/f-news/1388012/posts
U.S. HAS MASSIVE OIL RESERVES -
http://www.americanfreepress.net/html/u_s__has_massive_oil.html
dd....
http://www.ru308.com/
http://investorshub.advfn.com/boards/read_msg.asp?message_id=22363420
http://investorshub.advfn.com/boards/board.asp?board_id=7773
TO Bob, thank you very much. it will go into the ibox now.
To 'mick' on 'Russell Industries ' -
thanks mick, its my pleasure -
to give out the info to 888 -
before the nss666-bolshevikz rob it -
God Bless America -
http://investorshub.advfn.com/boards/read_msg.asp?message_id=22380546
Ps.
America one day every 666nss-terrorist will get 100yrs in jail -
long overdue!
Amen
Colorado and Utah, there is more recoverable oil than in the Middle East?" -
http://www.freerepublic.com/focus/f-news/1388012/posts
U.S. HAS MASSIVE OIL RESERVES -
http://www.americanfreepress.net/html/u_s__has_massive_oil.html
dd....
http://www.ru308.com/
http://investorshub.advfn.com/boards/read_msg.asp?message_id=22363420
http://investorshub.advfn.com/boards/board.asp?board_id=7773
i updated the ibox americano.
we are adding americano to our directors. welcome to our energy palace.
handskakes from all of u.
this is a great forum. would ya have time to
be a director here?
hi dallas, i like that. love when they uptick.
the germany exch does hurt many companies with the naked short.
Mick, Looks Like Powder River PRVB.OB is Poised for a Strong Move
Getting off the Berlin Exchange Soon
Up Nearly 9 Percent Today
this is an important agreement by alaska,
Alaska OKs Natural Gas Pipeline Bill
Saturday May 12, 2:13 AM EDT
JUNEAU, Alaska (AP) — Both houses of the Alaska Legislature on Friday approved a bill establishing a path for a multibillion dollar natural gas project designed to tap a huge heating fuel supply and transport it to the rest of the country.
The bill, called the Alaska Gasline Inducement Act or AGIA, will now go to the Senate Finance Committee to work out slight differences in versions passed by the Senate and House.
Under AGIA, producers and independent pipeline companies can vie for rights to build the pipeline that lawmakers hope will ship trillions of cubic feet of North Slope natural gas to market.
The bill is designed to stimulate competition through inducements, but also has requirements that BP PLC, Exxon Mobil Corp. and ConocoPhillips opposed.
The three major oil companies had warned they would not submit a bid unless such stringent requirements were removed.
Newly elected Republican Gov. Sarah Palin held firm, saying this week if lawmakers watered down her bill, she'd veto it.
"This bill represents the direction the new governor wants to take in moving a natural gas pipeline forward," said Rep. Mike Chenault, R-Nikiski, who served as co-chair of the House Finance Committee.
Lawmakers say the next move belongs to oil and pipeline companies.
"There is risk in the project," said Sen. Charlie Huggins, R-Wasilla. "It is a risk worth taking."
Palin has long warned that the state and the nation can't afford to let the natural gas supplies — estimated at about 35 trillion cubic feet on the North Slope — sit untapped any longer.
The bill continues to put distance between Palin's ideas and a failed attempt last year to negotiate a deal with the North Slope producers by former Gov. Frank Murkowski.
Murkowski settled in principle with BP, Exxon Mobil and ConocoPhillips on fiscal terms for producing North Slope gas.
It did not guarantee a pipeline would get built, but the hope was it would enable producers to move forward with a pipeline from the North Slope through Canada and into the Midwest.
The line would ultimately have delivered 4.5 billion cubic feet of natural gas a day, which is about 7 percent of the current U.S. demand.
But state lawmakers felt the deal had too many giveaways for big firms, including locking in tax rates for several decades. The Legislature never voted on the deal.
The multibillion dollar pipeline has implications for North America's long-term energy supply for heating homes and businesses. It also is considered to be a potential boon to the state's economy, not unlike that of Prudhoe Bay's oil production at its peak.
related quotes
Symbol Last Trade Change
BP
66.60
+0.60
XOM
81.23
+1.84
related stories
· Alaska OKs Natural Gas Pipeline Bill - (AP Financial)
· What a Week: Upbeat Finish - (TheStreet.com)
· Real Story: Buy the Dip - http://www.TheStreet.com
· Friday's Daily Blog Watch - http://www.TheStreet.com - [External]
· Goldman Sachs: Lord Browne resigns from board - http://www.MarketWatch.com - [External]
More...
hi G.S. , good afternoon.
Oil Prices Slip Below $60 a Barrel
Friday October 27, 8:37 am ET
Oil Prices Fall Back Under $60 a Barrel, Extending the Previous Day's Decline
LONDON (AP) -- Crude oil futures retreated back under $60 a barrel Friday as traders took profits for a second day after a runup earlier in the week.
Light, sweet crude for December on the New York Mercantile Exchange fell 48 cents to $59.88 a barrel in electronic trading by midday in Europe. Brent crude fell 42 cents to $60.35 a barrel at London's ICE Futures exchange.
ADVERTISEMENT
Norway's state-controlled oil company Statoil ASA also announced Friday that the 200,000 barrel per day Snorre A and Vigdis offshore oil platforms have been restarted after defective lifeboats were upgraded to meet Norwegian safety standards.
Statoil had been forced to shut down Snorre A and the linked Vigdis platform on Oct. 13 because an industry study found defects in lifeboats essential to evacuating crew in a crisis.
Traders said prices could climb with winter demand for heating oil and natural gas expected to buoy energy prices in coming months. Cold weather increases demand for both natural gas and heating oil. Heating oil is most prevalent in the U.S. Northeast, where nearly one-third of households use it as their primary heating fuel.
But November heating oil slipped 1.5 cents to $1.6852 a gallon, while unleaded gasoline rose 0.13 cent to $1.5650 per gallon. Natural gas dropped 2.2 cents to $7.459 per 1,000 cubic feet.
Tom Bentz, a trader at BNP Paribas in New York, said that movement of money from the front-month contracts to later months was partly behind the crude drop Thursday, when the contract fell $1.04 a barrel.
It had settled Wednesday at $61.40 a barrel, the highest close since Sept. 29, after the U.S. Department of Energy said inventories unexpectedly shrunk last week amid the highest demand for oil products since last December.
Adding to support for crude oil prices is a growing view the Organization of Petroleum Exporting Countries will implement more of the 1.2 million barrels of output cuts announced last week than previously thought.
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Set News Alert
Print Story
China's Top Offshore Oil Producer Sees Profits Soar
By Claudia Blume
Hong Kong
04 September 2006
China's biggest offshore oil producer and the country's second-largest bank have reported soaring profits.
China's top offshore oil and gas producer, CNOOC, has posted a 38 percent jump in earnings for the first half of the year. The better-than-expected results were driven by soaring energy prices and higher output.
Oil and gas production at the state-owned company increased by more than seven percent in the first six months of 2006 compared to a year earlier.
CNOOC's chairman Fu Chengyu says the company achieved breakthroughs in its overseas business development. Fu says CNOOC completed the acquisition of a 45 percent stake in a Nigerian oil block and also extended its exploration activities to Equatorial Guinea, Australia and Kenya.
China's second-largest lender, the Bank of China, also posted positive interim results. Higher lending in the booming Chinese economy was the main driver behind the bank's 28 percent rise in first-half earnings.
In other banking news, the Bangladesh government has agreed to sell control of the country's fourth largest bank to a Saudi prince. Prince Bandar Bin Mohammad Bin Abdul Rahman offered $330 million for a 67 percent stake in state-owned Rupali Bank. The bank has almost 500 branches across Bangladesh.
And the consumer finance unit of U.S. company General Electrics has bought a 25 percent stake in Thailand's Bank of Ayudhya. G.E. Money will pay close to $600 million for the shares. Bank of Ayudhya is Thailand's sixth largest bank
hi GS, i'd like to share this for black gold.
August 17, 2006
Fellow Investor,
Thanks to the truce between Israel and Hezbollah, oil prices are dropping and the fallout could quickly blindside investors.
So please—before you even think of investing another dime in the oil markets—consider this:
1. The initial effect of the Middle East truce has been an easing of supply concerns from this volatile region removing one leg of support for $75+ prices.
In addition…
2. Prices continue to back off from record highs now that BP announced it wouldn’t completely turn off its Prudhoe Bay oilfield pipelines—opting to keep half its pipelines pumping while completing repairs.
What’s more…
3. Reduced air travel worldwide as a result of the London terror alert has also combined to reduce demand, also contributing to a 41 cent price drop last week.
When you add to that the fact that countries are quietly piling up inventories… Canadian oil sands are expected to reduce foreign dependence by 10%… and Brazil projected to declare energy independence next year…
…you can begin to see conditions are forming for an oil pullback...as $3 a gallon gas prices are beginning to make deep cuts in demand.
Is a major oil collapse inevitable...or, as many suggest, could this simply be forming the foundation of $100-a-barrel oil prices?
My answer will shock you.
Oil prices are about to take a turn that could easily split Wall Street into two separate camps:
Those who get rich...and those who lose their shirts.
I realize this sounds hard to believe, as just about any oil-related stock you may have thrown money at has handed investors major gains.
But hidden behind the scenes are far-reaching implications that will affect everything you own for years.
Could Oil Drop Below $60 Anytime Soon?
I'm Louis Navellier, and I'm not going to predict that kind of a pullback. That would be foolish. But I am worried, and you should be, too.
After all, with North Korea still flaunting its missile muscle, Iran continuing to stall on its own nuke talks, and demand from China and India growing exponentially, the odds are better than 2-to-1 that you’ll never again see $60 oil in your lifetime.
How can I be so sure?
TWO REASONS:
1. As you’ll read in a moment, the oil supply simply can’t keep pace with growing demand not only from China and India, but also from right here in the United States.
2. The oil powers saw how the U.S. economy continued to power through $70-a-barrel oil prices and are going to use the world's stage to keep oil prices high and pile on the profit for themselves.
And if you play it right, you can profit along with them as we enter a new era of higher energy prices.
For the past 18 months, as I've been telling my readers how oil and energy stocks would continue to rise higher, my readers have more than doubled their money in a handful of select oil companies:
Imperial Oil, up 175.6%
Valero Energy, up 275.9%
Occidental Petroleum, up 231.1%
Canadian Natural Resources, up 197.2%
However, even these great gains pale in comparison to what lies ahead, as the next phase of the oil boom shifts to reward a new set of oil companies.
Why Supply Simply Can't Keep Pace.
Please don't be fooled by the recent fall in oil prices to under $75. The era of cheap oil is over.
If you believe those who say the oil bubble is about to burst, my friend, you're simply going to get blindsided.
Here's why:
Most Americans don't realize this, but there have been no gasoline refineries built in the United States since 1976—30 years ago!
That's when gasoline was just 60¢ a gallon, gas-guzzling SUVs weren't even on the drawing boards, and the technology revolution hadn't even begun. The thought of China and India growing faster than 6% a year for a decade and draining the world's energy supplies was, well, unthinkable.
So it's no wonder why American refineries are working at 99% of capacity… Why oil refinery shutdowns in Louisiana, Texas, California and around the U.S. continue to squeeze gas prices higher and higher.
For these reasons, increased demand and limited refining capacity have left U.S. gas inventories 2.5% lower than last year—which is pushing pump prices higher. At current trends, in just four years—as hard as it is to believe—we could easily be looking at $5-a-gallon gas.
These conditions can only get worse, as no American city wants an ugly, stinky and potentially toxic refinery in its backyard. And even if a city wanted a refinery, tough environmental standards have made the cost of building new refineries in the U.S. prohibitive.
That's just in the U.S.
On a global scale, the gas problem is even worse. According to the world's largest oil consulting firm, in order for refining capacity to keep pace with demand, the world needs to build, count 'em, 50 to 70 refineries in the next five years.
With only four refineries under construction around the world that I know of, I can tell you that this isn't going to happen.
The bottom line is: We stand at the dawn of the greatest gasoline supply/demand squeeze the world has ever seen, as demand for refined gasoline products is exploding... while refining capacity continues to shrink.
The result will not only put powerful upward pressure on gas prices at the pump, but also under the stock prices of the world's refineries and drillers.
The Second Big Reason
Why Global Demand for Oil is Exploding.
In addition to a lack of refining capacity, the second powerful factor increasing demand for oil is coming directly from China and India, which are both projected to consume as much oil as the United States in less than 50 years.
And they're already on their way.
Most Americans don't realize this, but in just 20 years, China's energy needs will double, requiring 14.2 million barrels a day to keep their economic engine humming... while India's economy is expected to burn through 5 million barrels a day in just 15 years.
This is why China tried so desperately to buy Unocal. Why both China and India wanted to own PetroKazakhstan. And why they continue to slug it out all over the globe—from Siberia to Sudan—to secure fuel for their exploding economies.
While experts disagree on when oil supplies will be exhausted, they do agree on one thing: If demand continues to grow by as little as 2% annually, in five years supplies could fall short by two million barrels a day.
That's equivalent to Kuwait's daily production.
But Won't Canadian Oil Sands Make Up the Difference?
There's no denying that an estimated 1.7 to 2.5 trillion barrels of oil are trapped in a complex mixture of sand, water and clay.
That's second only to Saudi Arabia's vast oil reserves.
However, turning oil sands into a reliable source of oil is another thing. Most investors don't realize this, but unlike conventional crude oil you just pump from the ground, oil sands must be mined like coal and then the oil must be extracted through an expensive and complicated process.
What's more, it takes two tons of oil sands to produce just one barrel of oil. Add to that the fact that only 20% of the Canadian sands lie near the surface, and you can see why Canadian oil sands current production capacity of 2.5 million barrels isn't going to explode anytime soon.
And why I'm convinced that we won't be seeing $60 a barrel oil again.
This is why if you can take an ownership position—even a small one—in any of my top oil plays right now, you'll grasp your share of the even-bigger boom that lies ahead.
THE OIL SANDS SWEEPSTAKES
Companies are fleeing the overheated economy of Fort McMurray in search of cost-friendly alternatives, PATRICK BRETHOUR finds. But will the great escape just cause another bottleneck?
PATRICK BRETHOUR
CALGARY -- To understand the latest surge in the oil sands boom, break out your favourite Three Stooges flick.
At some point, the Stooges rush to leave a room, only to end up with all three wedged in the door frame. It is the Moe-Curly-Larry dilemma: What might work for one is defeated when everybody follows suit.
The Stooges' dilemma is now hitting the oil sands, as the sector searches for an escape hatch from the escalating cost of building upgraders, those massive industrial complexes that turn low-value bitumen into pricey crude oil. Companies have begun to flee the overheating economy of Fort McMurray, at the heart of northern Alberta's bitumen deposits, for the industrial land north of Edmonton. Some are eyeing Lloydminster to the east, while others are beginning to look at the United States as a refuge.
There are advantages and drawbacks to each, but all have two things in common for the firms involved. One is a determination to avoid the mistakes of the previous rounds of upgrader construction this decade, which were plagued by budget overruns in the billions. The other is the certainty that if a new location confers a competitive edge on one player, other companies are sure to follow, with the resulting pile-up blunting that edge.
Synenco Energy Inc. has been caught up in the Stooges dilemma, although it doesn't quite use that vocabulary to describe the situation. "I don't think anyone would qualify as stooges," laughs Todd Newton, Synenco's president and chief operating officer. "We all went into this with our eyes open."
In December, the company chose Sturgeon County, near Edmonton, as the site of the upgrader for its Northern Lights project, scrapping a strategy to build the facility at its mine hundreds of kilometres to the north. Petro-Canada followed suit three months later, saying it too plans to build an upgrader in the area. And more companies are likely to crowd in shortly, including Total SA, which has bought property in the area as a possible upgrader location for its recently acquired project. "It's keeping that option open so we don't get squeezed out of the market," spokesman Paul Floren says.
The doorway is filling up. Mr. Newton insists that the advantages of Sturgeon County -- including better rail infrastructure and more ready access to skilled workers -- will endure. But he admits that competition for resources will intensify. "It's all happening at once," he says, going on to draw a parallel with a crowded shipping lane. "It will create congestion, when it comes to the owners who are trying to bring their assets on line."
It is that situation that has led oil and gas analyst Tom Ebbern to conclude that the resulting traffic jam is now becoming the main barrier to growth in the oil sands. "The upgrader will become the bottleneck," says Mr. Ebbern, executive managing director of institutional research at Tristone Capital Inc. in Calgary.
It's unlikely that any one approach will be a magic solution, he says. Instead, Mr. Ebbern advises investors to think about the divergent strategies of the oil sands firms as they would their own portfolio: A variety of approaches -- diversification -- reduces the overall risk for the sector. As with stocks, each strategy has its own peculiar combination of risks and benefits.
OUT OF THE FRYING PAN
STURGEON COUNTY & EDMONTON
About 450 kilometres to the southwest of Fort McMurray is Sturgeon County, a swathe of industrial land within an easy drive of Edmonton. This is the first refuge that the oil sands have sought from the heated construction environment of Fort McMurray. Shell Canada Ltd. was the first, when it retooled its Scotford refinery earlier this decade to handle output from the Athabasca Oil Sands Project. Smaller companies, including BA Energy Inc. and North West Upgrading, followed later with plans to construct upgraders to process bitumen purchased from others. More recently, Synenco and Petrocan have joined in.
The hope is that workers will be easier to find in Edmonton than in Fort McMurray, where poaching of skilled hands is rampant. Some of the complex, and enormous, manufactured parts needed to build an upgrader will be put together in Edmonton rather than having to be constructed in the field or shipped over long distances, as is the case with the projects to the north. And the area has better transportation links, most notably railways.
In a recent presentation to investors, Petrocan put a price tag on how much it will save by building its upgrader away from Fort McMurray: a billion dollars, according to Brant Sangster, the executive in charge of its oil sands efforts. Impressive as that number is, it actually understates the size of the savings, since it represents only today's value of a much larger total of avoided future costs. The company says those savings stem from lower capital costs, operating expenses and the expectation of reduced risks.
Synenco is not releasing its figures, but Mr. Newton says the magnitude of the savings is not a surprise. "The Petro-Canada number is not a shocking number," he says
But there are drawbacks, the biggest of which is the need to ship bitumen in a pipeline to the upgrader. That involves either an extra outlay of capital, or higher operating costs if the company opts to use someone else's line. The other debit on the ledger is the prospect of increased competition for resources, specifically labour.
Materials typically make up around two-thirds of a project's cost, but those expenses are largely beyond a firm's control. That makes the remainder -- labour costs -- all the more important to contain. Synenco, for instance, is already steeling itself for this, as it assembles a training program that is predicated on a high turnover of workers and is aimed at putting green tradespeople to work more quickly.
And the hope of big savings might end up being a mirage. Shell Canada, after all, did not escape massive cost overruns, even though its upgrader is in the Edmonton area.
DUE SOUTH
THE UNITED STATES
Faced with the certainty of escalating costs throughout Alberta, some companies are already looking farther afield, to strike partnerships with U.S. companies, including refiners in the American Midwest looking for new sources of supply. The heart of this approach is twofold: escape the bidding war for labour in Alberta, and share the risk of the needed capital investment. Husky Energy Inc. and EnCana Corp. have both said they are interested in this strategy, although neither has yet struck a deal. Any such arrangement is likely to come with a built-in marketing arrangement, an added positive at a time when the oil sands production of bitumen is already depressing prices.
However, Stephen Paget, an energy research analyst at FirstEnergy Capital Corp., says the hope of companies that they can reduce cost pressures by heading south flies in the face of some statistics, including from Imperial Oil Ltd., that show that the capital expenses for refineries in the Midwest are not significantly different than in Edmonton. Another pressure comes from the drain of workers to the U.S. Gulf Coast oil industry, still recovering from last year's devastating hurricane season.
Even if there are enough workers, there remains a question of whether they are experienced enough in the industry. Suncor Energy Inc. discovered this painful fact first hand after maintenance work on its refinery in Denver dragged on longer than expected, crimping its profit. President and chief executive officer Rick George said his company has come to the realization that the local work force is not as well suited to extensive industrial projects as is the case in Alberta.
EYE OF THE STORM
FORT McMURRAY
Despite the concerns over mounting costs, some companies are continuing to move forward with plans to build new upgraders in the middle of the oil sands. Suncor, for one, plans to do so with the third upgrader that will be at the heart of its Voyageur expansion. To the north, Canadian Natural Resources Ltd. is still on budget with its Horizon project, although it has taken numerous steps to insulate itself from the competition for labour, including flying its workers in and out of the construction site.
However, in the south, Nexen Inc. and partner OPTI Canada Inc. are getting hit by rising labour costs. Two weeks ago, the partners said productivity is 20 per cent below projections. Contingency funds, plus savings in other areas, mean that the Long Lake project is still on budget, but it is clear that Nexen and OPTI have not been able to avoid the results of the bidding war for labour -- even though their construction effort is taking place in a relative lull.
IN THE RAW
NO UPGRADER
When Synenco was debating where to build its upgrader, one option being seriously considered was -- nowhere, with the company instead selling raw bitumen to a third party. Ultimately, the company concluded it was worth risking billions to build.
But others, including giant Imperial Oil, are clearly leaning the other way. Today, Imperial does not own an upgrader in Alberta, although it is a partner in the consortium that owns Syncrude Canada Ltd.
The company ships about two-thirds of the bitumen production from its Cold Lake project to refineries in the United States, including one owned by its parent, Exxon Mobil Corp.
Tim Hearn, Imperial's chairman, president and CEO, was one of the first to give voice to the concern that rising costs in Fort McMurray were undermining long-term profitability.
The first phase of its new project, Kearl, will not include an upgrader. While the company has not made a decision for subsequent phases, Mr. Hearn has made it clear that Imperial's focus is on achieving high rates of return on capital (as opposed to capturing the higher profits from synthetic oil).
Analysts believe that many small companies will follow in Imperial's footsteps, but for different reasons. Small-scale projects are not likely to reach production levels that allow them to justify the massive capital investment. However, the success of this approach depends on other firms building upgraders, and reducing the otherwise enormous glut of bitumen that would result.
So, the do-not-build-it strategy works -- but only if the rest of the industry doesn't rush for the same strategy and, like the Stooges, end up in the same old jam.
The upgrader game
The decision to build an upgrader puts billions in capital at risk, but a call
to not build can prove equally costly, as companies give up billions in future revenue from selling synthetic crude. The following analysis from Scotia Capital Inc. of four theoretical projects of 100,000 barrels of daily production shows the numbers behind those billion-dollar decisions - and why some companies might be better off by staying out of the upgrader game.
A: A costly start
Initial investment costs, or capital per flowing barrel, are much higher for projects that include upgraders, with the spread widest for SAGD* projects ($/barrel)
$55,000 UPGRADED MINING
$23,000 NON-UPGRADED MINING
$47,000 UPGRADED SAGD*
$15,000 NON-UPGRADED SAGD*
B: A richer barrel
But that spending results in a much higher selling price per barrel - more than twice as much - in a world in which the Canadian dollar trades for 75¢ U.S. and oil costs $42 a barrel
$54.23 UPGRADED MINING
$25.07 NON-UPGRADED MINING
$54.23 UPGRADED SAGD*
$25.07 NON-UPGRADED SAGD*
C: Plump profits
And the operating margin spread for projects with upgraders is even greater, three times as much as for those without
$33.14 UPGRADED MINING
$10.36 NON-UPGRADED MINING
$35.17 UPGRADED SAGD*
$12.39 NON-UPGRADED SAGD*
D: Balanced returns
But for the investment criterion that companies use, their internal rate of return, the picture is much more balanced, as the current cost of investment offsets the future benefit of added revenue and profits
17.4% UPGRADED MINING
16.2% NON-UPGRADED MINING
17.0% UPGRADED SAGD*
19.9% NON-UPGRADED SAGD*
Fort McMurray
To date, most upgraders have been built in Fort McMurray,
in the heart of the oil sands sector. Companies with facilities built or under construction
here include: Suncor Energy Inc., Syncrude Canada Ltd., Canadian Natural Resources Ltd., and Nexen Inc. with
OPTI Canada Inc.
Edmonton/Sturgeon County
The industrial lands of Sturgeon County are emerging as the next investment hot spot for the oil sands, with nearby Edmonton offering access to a larger work force. Companies that have built or are looking at building
in this area include:
Petro-Canada, Synenco Energy Inc., Shell Canada Ltd., BA Energy Inc., North West Upgrading Inc., and Total SA
Lloydminster
Husky Energy Inc. is contemplating an expansion of its Lloydminster upgrader, saying it could benefit from by adding capacity outside of Fort McMurray.
United States
Some companies are looking at striking partnerships with U.S. firms, including existing refiners, to build upgrading capacity south of the border. On the hunt: Husky
and EnCana Corp.
*SAGD is steam-assisted gravity drainage, in which bitumen is melted underground and pumped to the surface
SOURCE: SCOTIA CAPITAL INC.
$1-trillion energy bonanza still buried
Oil and gas left in old wells can be extracted by using new technology, experts reveal
Gordon Jaremko
The Edmonton Journal
Tuesday, June 13, 2006
EDMONTON - A new energy treasure map drawn by industry and government experts points the way to a $1-trillion oil and gas bonanza buried in aging wells in Western Canada.
The astronomical added wealth can be reaped chiefly in Alberta by investing $12 billion to $15 billion over the next 15 years to tap oil and gas left behind by conventional production methods, the new guide estimates.
Gains of six billion barrels of oil and 22.5 trillion cubic feet of gas can be made by using known technology to improve recovery of discovered resources to 36 per cent of the amount in the ground from the current western Canadian average of 27 per cent, the experts predict.
"We're saying that is do-able," Eric Lloyd, president of Petroleum Technology Alliance Canada, said in an interview Monday as the study team led by his group and a government-industry information partnership known as EnergyINet launched efforts to ensure production improvements are made.
Hitting the increased efficiency target would generate $1 trillion or more in added industry and government revenues even if oil fell to an annual average $45 US a barrel and gas remained in its recent weakened price range of $7 per thousand cubic feet, Lloyd said.
"This isn't rocket science that's needed," added EnergyINet chief executive Michael Raymont.
"It's adoption and adaptation of technology that's on the leading edge now."
The treasure map -- a report called Ramping Up Recovery: A Business Case for Increased Recovery of Conventional Oil and Gas, and a mammoth digital technology and earth sciences data base -- was generated by a $960,000 research project.
Contributors included the Alberta, federal, British Columbia and Saskatchewan governments, an industry cross-section of 27 firms ranging from ARC Resources to Talisman Energy, and the 250-company Petroleum Services Association of Canada.
Business access to the detailed report and data warehouse is restricted to companies which participated in the research for two years. Results include production opportunities derived from confidential corporate data on oil or gas fields and technology.
Companies which took part in the effort will start new work on improving production efficiency before the two-year secrecy period ends in order to use the temporary competitive advantage, Raymont predicted.
A steering committee will be set up to urge companies into taking action on extracting the most from assets that date back to the 1950s and could still be rich if 21st century methods are used on them, Lloyd added.
"This is not about the oilsands. It's not about coalbed methane. The basis is existing conventional wells and oil and gas pools," Lloyd said.
"It's not white-lab-coat research and development," Raymont said. "I'd put it more in the category of engineering than fundamental discovery."
Key technical areas for improvement include use of advanced methods of mapping geological reservoirs, handling and management of "produced water" from oil and gas wells, drilling methods and injections of materials such as carbon-dioxide, Lloyd said.
Handling water from geological formations is a critical issue, he said.
On average, western Canadian wells flow 12 barrels of brackish water for every barrel of oil they produce. Technical improvements range from disposing of waste water underground without first letting it flow to the surface to injecting it into oil or gas reserves as a way to increase or extend production.
The new guide to oilfield improvements does not recommend government aid such as royalty or tax incentives, Lloyd said. But longer-range technical work could require help with royalties, taxes or research budgets to offset risks of trying new methods, Raymont said, adding that governments will be major beneficiaries of new revenues generated by production gains.
gjaremko@thejournal.canwest.com
CNOOC's Big Strike
Friday June 16, 4:04 pm ET
By Stephen D. Simpson, CFA
What a difference a day can make in the energy business. In one stroke, the future reserve and production schedule for China's CNOOC (NYSE: CEO - News) took a big step up.
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That "stroke" was the announcement from Canadian energy company Husky Energy (TO: HSE) that it made a major natural gas strike in a deepwater field some 150 miles south of Hong Kong. If initial projections bear out upon further study, the find could total as much as 6 trillion cubic feet of natural gas, worth well in excess of $2 billion. Not only is this a big find in its own right, but it's also the first major deepwater find off the coast of China, and that's sure to encourage those who've been scouting out that area.
Of course, there are a lot of "if's" and "when's" involved in this story. First, the discovery needs to be further explored and characterized. And assuming that it lives up to initial promise, gas producers will need to develop the area -- drill wells, build production platforms and pipelines back to the shore, and so forth. Accordingly, I don't think you could really expect the production phase to begin before 2010. After all, companies like Transocean (NYSE: RIG - News) and McDermott's (NYSE: MDR - News) marine business are already pretty busy.
It's also important to note that CNOOC currently does not have a direct stake in this project. But it does have a "back in" right to assume a 51% interest in the project. Given the scale (CNOOC's gas reserves were 5.4T cubic feet at year-end) and potential value of the project, it's a pretty safe bet that it'll exercise that right.
Just to put the potential scope of this project in perspective, the high end of the guesstimate on this field's reserve potential would be almost triple Ultra Petroleum's (AMEX: UPL - News) total companywide proven reserves, and almost as large as those at Chesapeake Energy (NYSE: CHK - News). That's big.
In the meantime, CNOOC isn't a bad idea for investors looking to play on China's growing appetite for energy. By the same token, those who wish to invest closer to home might also want to consider Apache (NYSE: APA - News) or XTO (NYSE: XTO - News).
Should You Bet on Ethanol?
Three makers of the clean-burning fuel have filed to go public. Investors could score big, but there's plenty of risk
Depending on who you believe, ethanol is either crucial to weaning the U.S. off foreign oil or an overhyped fad surviving on generous government subsidies. But even as the plant-based fuel is becoming a more important ingredient in the American gas supply, there have been few opportunities for investors to bet on ethanol's prospects.
All that is about to change. Three Midwest ethanol companies have recently filed to go public -- Aventine Renewable Energy, VeraSun Energy, and Hawkeye Renewables. The companies share some similarities. All three produce ethanol from corn and have plans to expand their operations. And each has enjoyed soaring profits in recent months as ethanol prices have surged.
POTENT DEVELOPMENTS. "It's probably good timing because of the interest in ethanol and the profits behind it," says Joseph Agnese, a senior industry analyst with Standard & Poor's. "It's all positives." Even so, he cautions that since ethanol industry profits climb with oil prices, "there's also a lot of risk."
Indeed, the last year has been a whirl of excitement and controversy, unexpected, perhaps, for an industry based in cornfields and facilities that cook and mash the kernels. Despite a 51-cent-per-gallon subsidy on ethanol produced for fuel, the 2005 Energy Policy Act mandates an increase in U.S. ethanol production to 7.5 billion gallons in 2012, almost doubling the 2005 output of 4 billion gallons. To protect American producers, there is also a widely criticized tariff on importing ethanol from Brazil, which makes it out of sugarcane.
Before this year, ethanol was mixed into gas in a small number of states, including California, New York, and parts of the Midwest. But this spring refiners in parts of the Northeast and Texas increased their use of ethanol in gas as they phased out methyl tertiary-butyl ether (MTBE), a chemical that contaminates drinking water.
SUNNY PROSPECTS. Both MTBE and ethanol make gas burn cleaner. These events have come amid growing public sentiment that, whether for environmental or political reasons, a domestic source of clean-burning gas is a very good idea.
The payoff for ethanol is that the New York Harbor spot price on June 9 was $4.50 per gallon, up from about $2.30 at the beginning of the year. And according to Platts, wholesale prices have also climbed in the Midwest, where the difficulties of transporting ethanol are less pronounced, though the increases have not been as precipitous.
With ethanol prices soaring, the prospects for the IPO candidates look bright. VeraSun reported gross profit of $29.3 million for the quarter ending Mar. 31, up from $6.2 million for the same period in 2005, as revenues jumped from $44.9 million to $110.7 million. Even more promising, operating margins are surging, suggesting strong profits as revenues grow. Operating profit was 24% of revenues in the first quarter this year, up from 9% in the year-earlier period.
"A LITTLE SKEPTICAL." At Aventine, revenues soared 60%, to $313.5 million, in the first quarter, as net income doubled to $12.2 million. Hawkeye saw sales rise 55%, to $24.8 million, while net income tripled to $6.8 million.
None of the companies returned requests for comment; they're barred from making certain public statements as part of the Securities & Exchange Commission's mandate of a quiet period around IPOs.
Michael Gallipo, a portfolio manager at Citizens Funds, says that despite the excitement surrounding ethanol he's "not sure if we'd actually participate." "The contrarian investor in me is a little skeptical when you've got three of them coming to market at the same time," Gallipo says. "Management seems to think it's a good time to sell some of their stock."
INVESTING DILEMMA. Bob Dinneen, president of the Renewable Fuels Association (RFA), an industry trade group, called the perspective "kind of cynical. I think it's a good time to expand." He prudently declined to say which of the three outfits, each an RFA member, he would bet on.
Calvert Funds Chief Social Investment Strategist Julie Gorte was also a bit more optimistic. She thinks oil companies should be looking toward ethanol outfits with an eye for acquisition. And a law requiring ethanol increases provides "a nice environment in which to grow, but it's not enough," especially because the sector remains heavily dependent on government policy.
For fund groups, like Citizens and Calvert, that bill themselves as socially responsible, ethanol also presents a dilemma. It's a clean-burning fuel that when produced from corn on a mass scale requires enormous quantities of land and polluting fertilizers.
WHY NOT MORE? For a preview of how the IPOs may turn out, investors might want to look to Pacific Ethanol (PEIX ), a Fresno (Calif.) company that markets ethanol. The stock closed at $24.91 on June 9, up from its Jan. 3 close of $11.05, but way down from its May 11 high of $44.50.
With so much going on, why haven't there been more ethanol investing opportunities? Decatur (Ill.)-based Archer Daniels Midland (ADM ) is by far the largest domestic producer (see BusinessWeek.com, 5/3/06, "More Than Ethanol Driving ADM"), but the fuel doesn't make up enough of the company's revenues for it to be considered strictly an ethanol play. Meanwhile, scores of small private outfits chip into the U.S. ethanol supply. These three companies heading for IPOs may be investors' best chance to bet on what could be the fuel of the future.
Stock futures creep higher as oil falls
DuPont, Dow Chemical downgraded on economic growth concerns
Last Update: 8:15 AM ET Jun 7, 2006
LONDON (MarketWatch) -- Stock market futures crept higher on Wednesday on optimism markets can recover from Federal Reserve's Chairman Ben Bernanke's hawkish interest-rate comments, with an upbeat statement on semiconductor sales growth and declining oil prices providing a boost.
S&P 500 futures rose 2.7 points at 1,268.40 and Nasdaq 100 futures improved 5.5 poitns at 1,583.00.
The Dow industrials ended 46 points lower Tuesday, bringing two-day losses to nearly 250 points after Bernanke said recent core inflation readings were at or above the upper end of a range consistent with price stability.
That's led to speculation that the Fed at its June meeting will raise rates for the seventeenth straight time, rather than hold its key interest rate at 5%. Markets also are uncertain how high the Fed will go in its rates campaign after the June meeting.
Francois Trahan, an analyst at Bear Stearns, added that the global economic picture is also undermining stocks.
"As far as June 5 is concerned, a fair assessment of the market behavior over the past few weeks will quickly show that the major indices were already substantially off long before the Fed chairman's comments hit the tape," Trahan said.
"The bottom line is that the downturn in equity markets over the past month has occurred coincident with a slowdown in economic prospects."
Deutsche Bank analysts evidently feel the same way, downgrading a number of chemical companies, including DuPont (DD : E.I. du Pont de Nemours and Company
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DD42.17, -0.26, -0.6%) and Dow Chemical (DOW : The Dow Chemical Company
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DOW39.58, -0.54, -1.3%) , on concerns over a slowing economy.
Overseas, the Nikkei 225 ended at a six-month low, while European stock markets wobbled between positive and negative territory. See Asia markets. See Europe markets.
The dollar started picking up ground as traders in New York filtered in, with the dollar up in particular against the euro.
Crude-oil futures weakened 74 cents at $71.76 ahead of weekly supplies figures, due out at 10:30 a.m. Eastern. See story.
Meanwhile, stronger-than-expected semiconductor demand for cellular phones and other consumer electronics prompted the Semiconductor Industry Association to boost its projection of chip sales in 2006 to growth of 9.8% from a previous forecast of 7.9%. The trade group now sees sales of $249.6 billion this year, compared with the previous forecast, issued in November 2005, of $245 billion.
The chip growth didn't filter through to all companies, however, as Fairchild Semiconductor (FCS : fairchild semiconductor intl com
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FCS16.98, -0.13, -0.8%) reiterated its second-quarter sales outlook to be flat to down 3%.
Elsewhere, Target (TGT : target corp com
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TGT47.60, -0.85, -1.8%) , the retailing giant, said it expects its consolidated gross margin rate to "be slightly greater" this year than its 2005 record of 31.9%.
Novartis (NVS : novartis a g sponsored adr
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NVS55.08, -0.82, -1.5%) agreed to buy a U.K. maker of anti-infectives for over $500 million, and European pharmaceutical rival GlaxoSmithKline (GSK : GlaxoSmithKline plc
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GSK55.49, -0.31, -0.6%) agreed a licensing deal for arthritis drugs. See story.
Arcelor finally agreed to hold face-to-face talks with Mittal Steel (MT : mittal steel co n v ny reg sh cl a
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MT31.70, -0.55, -1.7%) , the world's leading steelmaker, which has launched a hostile bid for the Luxembourg firm. Arcelor said it has a number of questions over Mittal's business plan.
Peregrine Pharmaceuticals (PPHM : peregrine pharmaceuticals inc com
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PPHM1.80, +0.16, +9.8%) rallied over 6% in pre-open trade after it said bavituximab, formerly known as Tarvacin, showed promise in a Phase Ia study in patients with the chronic hepatitis C virus.
Steve Goldstein is MarketWatch's London bureau chief.
Oil Sands Set to Explode
By Robert Aronen
June 5, 2006
Rising energy prices are driving oil sands production to new heights. Last week, Canada's National Energy Board (NEB) released a report giving an update on the opportunities and challenges facing Canada's oil sands between now and 2015. (Link opens a PDF.) A follow-up to a 2004 report, the document takes into account current market conditions, such as the doubling of the price of crude oil and natural gas since the original report came out. We've given our own report on Canada's oil sands, but now let's take a revised look, based on the new NEB report.
Oil sands production
Capital expenditures to fund oil sands development have exploded in the past two years. Current investment totals $106 billion ($125 billion Canadian) to develop projects that will be completed between 2006 and 2015. If all of these projects are completed, oil sands production in 2015 will total a high estimate of 4.4 million bpd (barrels per day), up from 1.1 million bpd in 2005. Assuming that even 75% of the high estimate is achieved, production will increase to 3 million bpd.
That much expansion will place Canada among the world's top oil producers and exporters. As things stood in 2004, Canada ranked eighth among world oil producers and didn't even make the list of the top 14 exporting countries. This was back when it produced just in excess of 3.1 million bpd, with 1 million bpd coming from the oil sands. Assuming that conventional production remains near 2 million bpd, Canada will be producing 5 million bpd in 2015 -- enough to place Canada fourth in global oil production.
These estimates assume that Iran is unable to increase production by more than 1 million bpd, but I consider this assumption reasonable, since Iran is having difficulties meeting its OPEC quota, and its government has created an environment inhospitable to the type of foreign investment needed to boost production.
In exports, oil sands production will have a much more significant impact for Canada. In 2004, Canada's oil consumption was 2.3 million bpd, resulting in net exports of only 800,000 bpd. I estimate that Canada will consume around 2.7 million bpd in 2015, assuming annual growth of 1.6%. With 5 million bpd of production, net exports will total 2.3 million bpd. Returning to our table of Top World Net Exporters, we thereby find that Canada will move into the top 10 exporting countries by 2015. If oil sands production meets the high estimate, Canada could move as high as third place among exporters, behind only Russia and Saudi Arabia.
Producers
It should be no surprise that the major oil sands producers have announced the largest expansion projects:
Company
Total Production (bpd)
Year Complete
Suncor (NYSE: SU)
500,000 to 550,000
2010 to 2012
EnCana (NYSE: ECA)
500,000
2016
Canadian Natural Resources Limited (NYSE: CNQ)
800,000
Not announced
Other large projects have been announced at Imperial Oil, Shell Canada, Petro-Canada (in partnership with UTS Energy and Teck Cominco), Husky Energy, and a whole host of other companies, including Shell EP Americas, which recently shocked the oil sands by purchasing 10 properties in northern Alberta.
The future direction of oil prices and production costs will dictate the profitability for these producers. The NEB report estimates profitability at an oil price of $30 to $35 per barrel of West Texas Intermediate (WTI) light sweet crude oil. These prices are up significantly from the 2004 report, mostly because of higher capital costs and higher natural gas prices. So the global commodity boom that has increased oil prices has also increased the cost of expanding oil sands production.
Production methods
There are two methods of converting oil sands into liquid that can be refined into gasoline and other petroleum products -- mining operations and in situ, or "in place," recovery. Both methods will grow through 2015, with in situ production showing the larger increase.
The NEB report estimates that mining operations will account for 52% of total production in 2015. Expansions at Canadian Natural Resources, Imperial Oil, and Petro-Canada all include new mining operations. This prospect for new installations has been partly responsible for creating joy for shareholders of Joy Global (Nasdaq: JOYG) and Bucyrus. Mining operations work where the oil sands deposits are close to the surface and have a lower natural gas requirement than do in situ methods. On the downside, environmental groups question the effectiveness of land restoration after mining operations have taken place, and in situ methods allow access to deeper deposits.
The most common in situ production method is Steam Assisted Gravity Drainage, or SAGD. The advantages are that only the bitumen is removed from the ground, and deeper formations can be exploited. But the downside is that SAGD production requires more natural gas. Because it uses traditional drilling methods, growth in SAGD production should create new business for drilling companies. However, this production is so small compared with global oil production that any incremental business is unlikely to have a serious impact on the major players.
New in situ production methods are also being investigated. Petrobank is building a pilot project to demonstrate its toe-to-heel air injection (THAI) technology. Other companies are experimenting with the vapor extraction process, or vapex, which is similar to the SAGD process, but hydrocarbon solvents are injected instead of steam.
Challenges
Environmental concerns pose the greatest challenge to oil sands production growth. Greenhouse gas emissions, land reclamation, and water usage are the most common issues. The combination of issues has led various environmental groups to call for a moratorium on oil sands development and created bureaucratic obstacles to new projects.
These are serious concerns. Oil sands production emits higher greenhouse gas emissions than conventional oil production does. To meet the requirements of the Kyoto Protocol, Canada will need to invest in clean energy to obtain credits to offset the increase in carbon dioxide, or else capture and sequester the carbon dioxide. In part to balance its oil sands production, Suncor has become one of the largest wind power producers in Canada.
Mining operations remove the surface of Canada's boreal forest to expose the oil sands below. While these lands are to be reclaimed after oil sands production is complete, the resulting landscape will be significantly different, with fewer wetlands, more lakes, and no peat lands. Local groups question the impact on the local ecosystem and the effectiveness of reclamation efforts.
Water usage poses both environmental and technical challenges. Mining and in situ operations require huge volumes of water, which is diverted from the Athabasca River. Current licensing approves the withdrawal of 2.3 billion barrels of fresh water per year from the river, but the planned projects will push the requirement to 3.3 billion barrels per year. The environmental concern here is that insufficient flows exist to ensure the river's ecological sustainability. The technical challenge is that the river flow rates are lower in the winter, a reality that could lead to seasonal shortages. It is likely that oil sands producers will need to implement efforts to reduce water usage, increase recycling, and implement on-site storage to avoid seasonal production losses.
Conclusions
There is little doubt that the Canadian oil sands are booming. If the current projects proceed to completion, Canada will be one of the world's leading producers and exporters of petroleum products.
With more than $100 billion in investment planned for the next decade, there should be plenty of profits available for investors. Unfortunately for investors, the opportunity is widely known, and finding discounts is tough. I still prefer investing in the infrastructure -- the picks and shovels. The companies providing these implements benefit from oil sands development and the global oil and commodities boom. Joy Global has dropped quite a bit recently and might begin to entice some investors at current prices. Alternatively, a good portion of that $106 billion in new construction will be paid to engineering contractors such as CB&I (NYSE: CBI) and Jacobs Engineering.
Investments in the oil sands are not without risk. As mentioned, a global collapse in oil prices will hurt the oil sands more than it will conventional oil producers because of the higher production cost of oil sands. To date, Canada has managed the environmental concerns to allow development to continue, and with oil above $70 a barrel, I expect this trend to continue. However, environmental concerns could derail specific projects, accelerate a switch away from mining operations, or cause production costs to increase. Finally, because this opportunity is very well known, you should take care to avoid the growth trap and avoid overpaying for oil sands investments.
Oil tops $71.50 on Iran concern, ahead of OPEC
http://article.wn.com/link/WNAT63C23172FCDFB0A61FED2F4D8CEA9E3B?source=templategenerator&templat...
Fill 'er up! - Cartoonist Mark Fiore lampoons American public and corporate greed that myopically drives global instability.
http://www.cbsnews.com/stories/2006/05/04/opinion/main1584990.shtml
I Can't Afford My Gasoline - Cartoon flash animation humorously depicts the causes and ramifications of the oil price increases.
http://www.atomfilms.com/contentPlay/shockwave.jsp?id=cant_afford_gas&preplay
Fill 'Er Up -- But With What?
An alternative to gasoline is inevitable, but it won't come anytime soon. Here's why
Pricey gas has set off a stampede to find the cure for America's energy woes. Senator Dianne Feinstein (D-Calif.) says that "hybrid cars can provide an innovative solution to help reduce our thirst for gasoline." President George W. Bush believes that "the more ethanol we use, the less crude oil we consume." And Senator Orrin Hatch (R-Utah) has hailed so-called plug-in hybrids as "a silver bullet for our nation's transportation needs." Advertisement
As the pols crank up their rhetoric ahead of the fall elections, auto makers have hitched themselves to various technology solutions. But let's be clear. None of the green, fuel-sipping car technologies that Detroit marketers, Tokyo engineers, or Washington wags are pushing will quickly lower drivers' costs if you factor in the up-front premium on the advanced technologies. Nor will they make a real dent in the nation's oil imports in the next year or two -- let alone by November.
Starting with China's unquenchable thirst, the demand for oil around the world is so strong that it will swamp any amount of petrol Americans may virtuously conserve. What's more, since the U.S. fleet of over 230 million vehicles turns over only about every 15 years, even major new technologies take a while to make a difference. Given how few compromises Americans are willing to make, "there is no silver bullet," says David E. Cole, director of the Center for Automotive Research in Ann Arbor, Mich. "The gasoline engine will be around for a long time."
Without doubt, developing alternatives is a vital goal for America. Car companies need to push research and development, and government must get serious about creating incentives for new technology. Alternative fuel approaches will require an immense amount of work to deliver on their promise of easing dependence on foreign oil. But it also pays to remember that these approaches will face a crucial test: The new vehicles must save drivers money at the pump, satisfy their driving preferences, and still let car companies turn a profit.
So what does the future hold? If gasoline prices continue to rise, America's highways will gradually morph to look like Europe's roads. SUVs will still be around, but more vehicles will be smaller and more efficient, and only the wealthy and those hauling big families will end up driving large vehicles. Already, sales of the biggest vehicles are slowing, while demand for more efficient four-cylinder models is surging. Over time, more diesels, hybrids, and other alternative fuel vehicles will join the flow. Here's what they can and cannot deliver.
HYBRID HYPE?
Sure, hybrids cars save fuel. But for now their high up-front costs eat up any savings in fuel, and then some. That will probably be the case for another five years, until the hybrid premium falls. The reason: The onboard computers, electric components, and nickel metal hydride batteries just cost too much. Lindsay Brooke, senior editor for the Society of Automotive Engineers, says batteries alone account for about 60% of the roughly $3,000 in added costs for a hybrid.
Toyota Motor Corp.'s (TM ) new hybrid Camry, which hit the market in April, is a good case study. The $26,500, 39 mpg sedan costs about $5,000 more than a nonhybrid 4-cylinder Camry. And it saves about $500 annually in fuel, assuming the driver goes 15,000 miles a year with $3 gasoline. That means buyers need around 10 years to get their money back, assuming no other costly failures. For the math to work, gas prices need to head toward $5 a gallon, or, says Brooke, the hybrid premium must fall to $1,500 or less.
Granted many shoppers pick a hybrid for emotional reasons: They want to drive a green vehicle. But SUV drivers far outnumber them and have their own emotional needs. So while hybrids will gain popularity, they won't take over the roads. J.D. Power & Associates Inc. (MHP ) (owned, like BusinessWeek, by The McGraw-Hill Companies (MHP )) predicts that hybrids will grow from 1.2% of vehicle sales today to 4.75% by 2013.
Next-generation hybrids offer much more dramatic efficiency gains but at even higher prices. Plug-in hybrids, for example, rely on more potent battery packs that can be charged at night from an outlet, and thus can travel farther on electric power. This can effectively boost mileage to 100 mpg. But even if more efficient lithium-ion batteries take over, as is expected, beefier batteries will add cost and possibly more weight, points out Dave Hermance, Toyota's chief engineer for environmental issues.
CORN GUZZLERS
Growing crop-based fuel makes sense on paper. General Motors Corp. (GM ) Chairman and CEO G. Richard Wagoner Jr. promotes ethanol as one of the best ways to cut oil imports and clean up emissions. "There is nothing that can be done over the next five years to address [energy] issues that's better than ethanol," he says.
But while ethanol brings a near-term payoff, Wagoner admits that "it's not free." To GM, the cost to make the engine ethanol-friendly is just a couple hundred dollars per vehicle. For consumers, however, the economics don't yet add up. Fuel made from 85% ethanol and 15% gas, or E85, now costs more than gasoline in many markets. Throw in the fact that it is 25% less efficient than gasoline, and the consumer's bill at the pump is much more. A Chevrolet Tahoe SUV running on E85 costs about $3,500 a year to fuel at $3 a gallon, an $800 premium over the cost to run an all-gas model.
Wagoner's solution could help America wean itself from foreign oil. But not the way ethanol producers are making the stuff today. From the diesel tractors tilling the fields and harvesting corn to the trucks shipping kernels to the boilers in the processing plants, making ethanol requires 1 energy unit of fossil fuel for every 1.3 energy units of ethanol produced.
CELLULOSIC GAINS
Far more promising is an energy crop that's still a decade away or more. Cellulosic ethanol refers to alcohol that's cooked up from the whole corn plant -- the stalk, leaves, cob and all -- rather than just the kernels. It offers a massive boost in ethanol's potential. By tapping other crops and forest waste, along with corn, the Energy Dept. estimates that the U.S. could produce 1.3 billion tons of biomass per year, which could yield enough ethanol to replace around one-third of America's liquid fuel needs by 2030, up from barely 2% today.
But before the cellulosic industry starts crowing about reducing oil imports, there's a decade or so of R&D to be done. The challenges, explains Greg Stephanopolous, a professor of chemical engineering at Massachusetts Institute of Technology, lie in finding better ways to break down the cellulose into sugars, then breeding new microorganisms that can thrive on the unusual mix of sugars and complex chemicals in woody plant matter and spit out useful ethanol at the end.
Over the past decade both Archer Daniels Midland Co. (ADM ) and DuPont (DD ) have engineered ways to make new kinds of biodegradable polymers. Given that precedent, Stephanopolous estimates it will take 10 years and $500 million to come up with industrial processes to make cellulosic ethanol. "That's the downside," he says. "The upside is the potential to replace tens of billions of dollars in oil imports. It's a no-brainer."
THE DIESEL FACTOR
Across the atlantic, German engineers say diesel is the way to go. While it is still no cure-all for drivers here, the fuel gives the best bang for the buck when it comes to fuel savings. Diesel engines sold in Europe by BMW, DaimlerChrysler (DCX ), and Volkswagen can boost fuel economy by up to 50%. Hook an air-blowing turbocharger to such an engine, and you can hike up fuel economy and provide the kind of tire-squealing torque that Americans crave. BMW is now mulling a diesel version of its popular 330 sedan for the U.S. market. The car gets 34 mpg with 231 horsepower and enough torque to make it an out-and-out hot rod off the line.
The catch is, the emissions are dirty, and filtering them to tolerable levels costs money. Diesel cars emit carcinogenic soot and a lot of nitrogen oxides, or NOx, a component of smog. The exhaust is cleaner than what emanated from the coughing, sputtering diesels of the '80s. But it's still too dirty to meet clean air rules in California, New York, and New England. That means almost one-third of Americans can't buy such a car.
There are new technologies that can remedy diesel pollution and meet clean air regulations in all 50 states, including the tougher emissions rules that go into effect next year. And according to Mercedes, they won't cost that much. Bernie Glaser, a general manager at Mercedes-Benz U.S.A. (DCX ), says the company's new BlueTec diesel technology should meet the regulations and could be on the market within two years. Today, Mercedes' E320 diesel is $1,000 more than a comparable gas-powered E350 sedan but with a 20% mileage boost. Glaser says the new clean diesels won't have much more of a premium, but the company is waiting for approval of its exhaust-cleaning technology.
The bottom line: If gasoline were to soar to more than $4 a gallon, carmakers could really push R&D to deliver better fuel economy. But not many people expect such high prices. GM analysts say near-term gasoline prices have peaked. And every time the cacophony of talk about alternative energy hits a crescendo, oil producers boost output and gas prices drop again, David Cole points out. While high energy taxes in other countries have kept the focus there on conservation, ebbing gas prices have disrupted U.S. efforts to conserve in the past. "We saw this after the gas price spike in the early '80s," Cole notes. And if prices slip back to $2 or less, "everyone will stop worrying about saving fuel."
Even if there is no relief at the pump this summer, there should be some solace in the fact that high gas prices will keep the world's top energy technologists thinking about alternatives. John B. Heywood, director of the Sloan Automotive Laboratory at MIT, says the best path is to push ahead with a variety of technologies, maintaining an honest sense of what is possible, and when. "It's not about being pessimistic," he says. "You can't speed up this change a hell of a lot."
Don't Invest Like the President
By Tim Hanson (TMF Mmbop)
May 10, 2006
Oil and gas prices affect every American, and as prices rise and rise, we all feel the pinch. But what's the solution?
President Bush recently reaffirmed his position that "the American people expect [oil companies] to reinvest their cash flows in such a way that it enhances our energy security. That means pipeline construction for natural gas deliveries. That means expansion of refineries. That means exploration in environmentally-friendly ways. It also means investment in renewable sources of energy."
That sounds good on the surface, but I'm not sure it holds water. Unfortunately, that's not stopping all of Washington from offering up its "help."
Bubble economics
Like anyone who drives a car, I'd appreciate lower prices at the pump. But as an investor in several energy firms, I don't want the businesses that I own to start throwing money around willy-nilly.
Yes, energy companies are earning record profits. And yes, many of these companies now have cash reserves that far exceed their needs. Yet many of these companies are expanding operations; they're just doing so judiciously.
That's smart. Too much spending means that if and when oil prices fall, the same oil companies that are earning record profits now will be earning lousy returns in the future. When that happens, there won't be nearly the enthusiasm to give them money as there is to take it away from them.
High prices all around
The problem that I'm hearing over and over from energy companies -- particularly smaller energy companies -- is that this is an expensive time to undertake rapid expansion or acquisitions. At the recent Burkenroad Reports conference at Tulane University, it was a question and answer drumbeat.
Q: What do you intend to do with all your cash?
A: Well, we're looking at acquisitions. But the environment is a little expensive right now.
Q: What kind of ballpark EBITDA multiple would you like to price an acquisition?
A: Anywhere from five to eight, but we're just not seeing that on the market.
Broadly speaking, paying five to eight times EBITDA (earnings before interest, taxes, depreciation, and amortization) is a rational price to pay when acquiring a company in a cash deal. And there are only about 100 energy companies small enough to be considered for a cash transaction that are trading in this range. Throw in the fact that not all energy businesses are synergistic, and it's easy to see why companies are having a difficult time increasing efficiency via acquisition.
Pay now, produce later
Acquisitions are certainly not the only way to expand operations. Energy companies can also drill more holes, build more wells, and invest in more infrastructure. Unfortunately, it can take a long time to get a rig up and running. A company that wants to drill offshore, for example, must get permits, hire workers, explore, build equipment, move mud, filter product, send the product to refineries, and so on.
There are plenty of pinch points along this production model. Parts manufacturers such as Hydril (Nasdaq: HYDL) are charging more, as are service companies such as offshore service vessel (OSV) provider Hornbeck Offshore Services (NYSE: HOS) and seismic data firm TGC Industries (AMEX: TGE). Indeed, rising rates are one of the reasons why these smaller service companies have offered better returns over the past 12 months than titans such as ExxonMobil (NYSE: XOM) or Chevron (NYSE: CVX).
Company
TTM Return
Chevron
21.2%
ExxonMobil
12.9%
Hydril
52.4%
Hornbeck Offshore
56.1%
TGC Industries
262.7%
Indeed, for oil companies to reinvest cash flows in a way that will meaningfully reduce gas prices, there must be expansion across the economy. And then what happens when prices drop? Assets and capacity that were once purchased expensively will be left nearly worthless.
The rich get poorer
Boo hoo, right? The folks that run these companies are millionaires and billionaires many times over. Consider, however, that many of these companies are majority-owned -- whether directly or via mutual funds -- by individual investors like you and me.
And while consumers may benefit in the near term from lots of expansion, shareholders won't benefit in the long run. For a refresher on what happens following a period of overinvestment, take a look at the stock chart for Lucent Technologies (NYSE: LU). Both Lucent and Global Crossing (Nasdaq: GLBC), which has been resurrected from bankruptcy, paid too much to provide too much fiber-optic cable. While the Internet benefits today, investors got crushed.
The Foolish bottom line
The key to feeling less pain at the pump is conservation, and the key to investing successfully is never overpaying. As investors, we shouldn't overpay when we buy stocks, and we shouldn't want the companies we own shares of to do so, either.
Instead of joining the cry for oil companies to pay too much for a short-term fix, consider investing in some of the small service companies that are seeing their dayrates rise. While we haven't yet recommended any of the three energy service companies mentioned above at our Motley Fool Hidden Gems small-cap service, analyst Bill Mann has recommended two that are doing pretty well. You may even use the profits to help fill up your car. Click here to learn more.
Tim Hanson does not own shares of any company mentioned. No Fool is too cool for disclosure, and Tim is pretty darn cool.
Supplying America's Oil
Wednesday May 3, 10:00 am ET
TORONTO--(MARKET WIRE)--May 3, 2006 -- Last week Washington officials admitted that the United States was in an energy crunch with President George Bush outlining a four-point plan that is aimed at reducing America's dependence on foreign oil, while to the North; Canada has been developing its Alberta oil sands which have more reserves than Saudi Arabia. But bringing the two trading partners together is the challenge.
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Bush said that Congress needed to streamline the application process for oil companies to build new refineries to meet demand. While Canada's Suncor Energy Inc. chief executive Richard George says California refineries are running out of oil and looking to import crude from Latin America while they already have the capability to refine Alberta's oil sands product slates.
The US Gulf coast has the largest refining capacity in the world and oil production from Alaska's North Slope and California are on the decline. Yesterday, Bolivia's left-wing President Evo Morales signed a decree nationalizing Bolivia's oil and gas sector and Venezuela is looking to reducing the amount of oil being made available for the US -- even threatening to blow up its oil fields. Yet the Bush administration has yet to tap its Northern neighbour for more of its supply.
Pipeline capacity in Canada is also on the rise with new lines to the West coast already under development with plans for more processing plants in Alberta underway to separate the oil for transport. And more capital is pouring in as well. Royal Dutch Shell Plc said its Shell EP Americas unit paid C$465 million ($400 million) to buy 10 properties in northern Alberta, the highest price paid for Canadian oil sand leases this year. But while majors pour cash into the Alberta oil sands the junior oil companies are matching those advances. Patch International, Inc. (OTC BB: PTCH) purchased four Alberta oil sand properties in the same auction as Shell EP with one of those bordering that major producer.
Patch has been busy organizing at the operating level as well, announcing yesterday the addition of Michael Vandale as Director of Patch Energy, Inc., a wholly owned subsidiary of Patch International, Inc. Vandale hales from Arsenal Energy, Inc., a Calgary, Alberta-based oil company where as its President Vandale grew the company from 50 barrels of production a day in 2004 to 2,300 barrels per day when he exited the Toronto Exchange-listed company to join Patch.
Note to Editors: Source Press News Features are stories provided to publishers copyright-free for print or online display at no charge. All we ask is that publishers include our byline (SP) as the source of the news article and a link to our website: http://www.sourcepress.com. If you are interested in displaying our news on a regular basis, please contact our editorial department by calling: 775-841-5368.
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i did a check. is this one doing any better?
African Oil - Whose Bonanza?
http://www7.nationalgeographic.com/ngm/0509/feature3/
The Oil Sands Of Alberta....
http://www.cbsnews.com/stories/2006/01/20/60minutes/main1225184.shtml
Bolivian army seizes gas fields
Bolivian President Evo Morales has nationalized his nation's natural gas industry (photo), ordering the military to seize fields, the Associated Press has just reported. Morales also said he would boot out foreign companies that don't surrender control of the entire production within six months. After Venezuela, Bolivia has South America's largest natural gas reserves. Natural gas has been a major flash point in Bolivia for several years.
"The time has come, the awaited day, a historic day in which Bolivia retakes absolute control of our natural resources," Morales said Monday in a speech from the San Alberto petroleum field in southern Bolivia to decree what he called a nationalization of the natural gas industry.
Update at 4:55 p.m. ET: The AP has posted a look at Bolivia's natural gas industry and the companies involved. Find it after the full story, below.
Update at 5:05 p.m. ET Last month the Democracy Center in Bolivia offered some perspective on the country's gas and oil policy, while New American Media noted in an analysis in January that Morales was staking Bolivia's future on China, a major importer of natural gas. The Financial Times also wrote about "China's new Latin American revolution."
Update at 6:35 p.m. ET: The New York Times has posted an early version of its take on the day's events.
(AP Photo by TVB Channel 7)
Bolivia's president orders army to natural gas fields
By ALVARO ZUAZO
Associated Press Writer
LA PAZ, Bolivia (AP) - President Evo Morales ordered soldiers to immediately occupy Bolivia's natural gas fields Monday and threatened to evict foreign companies unless they sign new contracts within six months giving Bolivia majority control over the entire chain of petroleum production.
Morales said soldiers and engineers with Bolivia's state-owned oil company would be sent to installations operated by foreign petroleum companies.
"The time has come, the awaited day, a historic day in which Bolivia retakes absolute control of our natural resources," Morales said in a speech from the San Alberto petroleum field in southern Bolivia operated by Brazil's Petroleo Brasileiro SA in association with the Spanish-Argentine Repsol YPF SA and France's Total SA.
Bolivia has South America's second largest natural gas reserves after Venezuela, and all foreign companies must turn over most production control to Bolivia's cash-strapped state-owned oil company, Yacimientos Petroliferos Fiscales Bolivianos, Morales said.
An Army spokesman did not immediately return a telephone message seeking comment on when and how the military would act.
Morales, a strident leftist, had pledged to exert greater state control over the industry since he won the presidency in December in a landslide, becoming Bolivia's first Indian president.
Multinational companies that produced 100 million cubic feet of natural gas daily last year in Bolivia will be able to retain only 18 percent of their production, with the rest being given to YPFB, he said. Morales did not name the companies.
Other major petroleum companies doing business in Bolivia, besides Petroleo Brasileiro and Repsol, include Britain's BG Group PLC and BP PLC and U.S.-based Exxon Mobil Corp.
A Repsol spokesman said the company could not respond because it had not received official word of the announcement. Petrobras officials did not immediately return messages seeking comment on Monday, a national holiday in Brazil.
Morales said the government would begin negotiations immediately with the companies to make sure they are willing to comply, but said they could be stripped of their privilege to operate in Bolivia if they don't sign new contracts within six months.
In the past, YPFB produced Bolivia's natural gas, but it was reduced to an administrative role in the mid-1990s after the country's gas exploration and production business was privatized. Experts have warned that the company is incapable of becoming a producer again without a massive infusion of cash.
Morales has repeatedly said the country's natural resources have been "looted" by foreign companies and must be nationalized so that Bolivians could benefit from the profits that were being sent overseas.
But he has also said that nationalization will not mean a complete state takeover, because Bolivia lacks the ability to tap all its natural gas on its own.
Last week, Morales told Brazil's Valor Economico newspaper that Bolivia would have to "set up a new battalion, a new army of oil and gas specialists to exert the property right" for a complete state takeover of petroleum production.
Morales chose May 1, International Day of the Workers, to announce the nationalization plan. He wore a YPFB helmet as he gave his speech. Afterwards, a soldier unfurled a Bolivian flag from atop the natural gas installation.
Morales also said the state would retake majority control of Bolivian hydrocarbons companies that were partially privatized in the 1990s.
Morales is following the path of Venezuela's President Hugo Chavez, his populist political mentor, said Pietro Pitts, editor-in-chief for the Venezuela-based LatinPetroleum.com.
Chavez has also moved to exert greater control over his country's vast petroleum reserves. Most foreign companies have decided to keep producing in Venezuela, though some announced they would abandon some production.
"You can call Bolivia Venezuela Part II because it seems like he (Morales) is going to try to do the same thing that Chavez is doing," said Pitts, referring to giving the state majority control of hydrocarbons.
Ecuador's Congress last month ratified a hydrocarbons reform law designed to cut into windfall profits of foreign crude producers, among them U.S.-based Occidental Petroleum Corp.
The law would give the government 50 percent of oil company profits whenever the international oil market exceeds the prices established in existing contracts. Most of those deals were pegged to 1990s oil prices when crude was worth a fraction of today's market.
The Ecuadorean law sparked sharp reaction from Washington. A U.S. Embassy spokeswoman said recently that the law appeared to violate a bilateral investment treaty between the two nations.
AP Business Writers Frank Bajak and Alan Clendenning contributed to this story from Bogota, Colombia and Mexico City.
A look at Bolivia's gas resources and key foreign companies involved in exploration and production
By The Associated Press
(AP) - Bolivia has proven and potential natural gas reserves of 53.3 trillion cubic feet, second in South America to Venezuela's 151 trillion cubic feet, according to the U.S. Energy Information Administration.
Foreign companies say they have invested US$3.5 billion for Bolivian gas production and exploration since 1997, but new investments have been largely put on hold since last year due to political uncertainty and a new law raising payments the companies must give the government.
On Monday, President Evo Morales called on soldiers to occupy the gas fields and threatened to evict foreign companies unless they sign new contracts within six months giving Bolivia majority control over the entire chain of production.
The companies include:
• BG GROUP PLC: British Gas Group is a partner in two large gas fields, and has eight exploration blocks that have not started production.
• BP PLC: British Petroleum explores for petroleum and produces it through partnerships. Owns a 30 percent stake of Empresa Petrolera Chaco SA, whose other principal shareholder is the Bolivian population represented by pension funds. Owns 60 percent of Pan American Energy, which controls a big block in partnership with BG and Repsol YPF. BP also supplies aviation fuel at 15 Bolivian airports.
• EXXON MOBIL CORP.: The American company does not produce gas in Bolivia, but holds a 34 percent interest in a field where Total is producing. British Gas holds a 25 percent interest in the same bloc.
• PETROLEO BRASILEIRO SA: Brazil's state-owned oil company produces gas and transports two-thirds of Bolivia's daily gas production to Brazil. Petrobras also owns two refineries that account for 95 percent of the nation's refining capacity, a quarter of Bolivia's gasoline stations and a significant pipeline transportation network.
• REPSOL YPF SA: The Spanish-Argentine company started exporting Bolivian gas to Argentina last year, supplying an area in northwestern Argentina where demand is outstripping supply. Analysts say Repsol's rights to gas in Bolivia represent about a third of the company's total oil and gas reserves.
• TOTAL SA: The French company produces in five gas fields with exports to Argentina and Brazil. Announced a new find it called "significant" last year that was being assessed for production.
Posted by Michael Winter at 04:20 PM/ET, May 01, 2006 in World | Permalink
Nigerian Militants Warn China Over Oil in Niger Delta
http://www.rigzone.com/news/article.asp?a_id=31715
Militants in Nigeria's volatile oil-producing region detonated a car bomb late Saturday and issued a warning that investors and officials from China would be "treated as thieves" and targeted in future attacks.
The threat came as Chinese President Hu Jintao returned home from a week-long tour of Africa in which he reached a series of deals securing access to oil and other resources to meet the needs of China's booming economy. On Wednesday, Hu and Nigerian President Olusegun Obasanjo signed several major business deals, including one that offers China four oil exploration licenses, the Associated Press reported.
A spokesman for the Movement for the Emancipation of the Niger Delta said in an e-mail sent to news organizations that the car-bomb attack was "the final warning" before the militants turned their attention to oil workers, storage facilities, bridges, offices and other "soft oil industry targets."
In a second e-mail, the spokesman, who uses the pseudonym Jomo Gbomo, specifically criticized the Chinese, who last year took a $2.2 billion stake in an oil field in the Niger Delta. Nigeria is a major oil exporter and the fifth-largest supplier of oil to the United States.
"We wish to warn the Chinese government and its oil companies to steer well clear of the Niger Delta," Gbomo wrote. "Chinese citizens found in oil installations will be treated as thieves. The Chinese government by investing in stolen crude places its citizens in our line of fire."
The Movement for the Emancipation of the Niger Delta has asserted responsibility for other violence in the region, including attacks on oil facilities and the kidnapping this year of several foreign-born oil workers, all of whom have been released unharmed.
Gbomo said in the e-mail that the explosion Saturday night, which took place in the southern Nigerian city of Warri, was activated by a cellphone. Details remained sketchy, although no deaths were immediately reported. A car bombing on April 19 for which the group asserted responsibility killed two people.
The Niger Delta has been a source of political and ethnic unrest for decades. Most residents of the vast region, much of which is reachable only by boats that traverse networks on mangrove swamps, live in intense poverty, while oil facilities in the area earn billions of dollars for foreign companies and the Nigerian government.
DIGG nothing like doing it yourself. you know and see the reading for our best investing we can do.
research, research.
Yes, a couple days with vol. we'll see how it does this week...
I need to read up on their products and the like...
it surely has moved DIGG
hi peoria, good evening.
Keep an eye on DIGG MIck..moving into wind energy and looks like they are into some other good stuff....
Up the last 3 days..
hi peoria, good evening. just finished din din.
Hi Mick, how ya doing tonite.?
hi GS , others this is nice to know. cost/
#msg-10840697
hi peoria, good evening to ya.
US stocks: Dip as oil hits energy sector
25.04.06 9.40am
NEW YORK - US stocks ended slightly lower on Monday, as sinking crude oil prices dragged energy companies' shares lower, while a court decision against Merck & Co. Inc. hurt the pharmaceutical sector.
But the 2.5 per cent pullback in the price of oil trimmed losses overall as cheaper energy costs should have a positive impact on corporate profits.
Oil fell sharply on Monday after Opec promised to keep pumping near maximum capacity, but the cartel said it could not cool the red hot market. At the same time, traders took profits from the record high above US$75 a barrel hit last week.
Shares of Exxon Mobil Corp., the world's largest publicly traded oil company, declined almost 1 per cent and were the top drag on the Dow. ConocoPhillips shares fell 3.7 per cent and were the biggest drag on the S&P 500.
"Falling oil is not a positive for oil stocks," said Lincoln Anderson, chief investment officer at LPL Financial Services in Boston. But "the Opec statement is on the positive side" for stocks overall.
The Dow Jones industrial average was down 11.13 points, or 0.10 per cent, to end at 11,336.32. The Standard & Poor's 500 Index was down 3.17 points, or 0.24 per cent, to finish at 1,308.11. The Nasdaq Composite Index was down 9.48 points, or 0.40 per cent, to close at 2,333.38.
Trading was moderate on the New York Stock Exchange where decliners beat advancers by a ratio of about 3 to 2. About 1.51 billion shares exchanged hands, below the 1.61 billion daily average for last year.
On Nasdaq, decliners outnumbered advancers by a ratio of about 2 to 1, with about 1.98 billion shares traded, above the 1.80 billion daily average last year.
Ford Motor Co.'s stock slid 4.9 per cent, or 36 cents, to US$6.96 and was the most heavily traded issue on the NYSE. During the session, Ford's stock hit a three-year low at US$6.91. Prudential Equity Group said it lowered its price target for the carmaker's stock after a weak first quarter.
Shares of General Motors Corp. dropped 1.6 per cent, or 34 cents, to US$21.45.
US light crude for June delivery fell US$1.84 to settle at US$73.33 a barrel, down from the record high of US$75.35 struck on Friday.
Shares of Exxon Mobil fell 59 cents to US$64.41.
ConocoPhillips' shares ended down US$2.66 at US$69.84.
Shares of drug maker Merck, a Dow component, dropped 1.1 per cent, or 37 cents, to US$34.37 after a Texas jury on Friday found that the painkiller Vioxx caused the death of a 71-year-old man.
American Express shares fell 0.9 per cent, or 47 cents, to US$51.78 after the credit card and travel company reported earnings that were slightly better than expectations, though some investors had hoped the results would be even stronger.
Caterpillar Inc. reported stronger-than-expected quarterly earnings and raised its full-year forecast as big demand for commodities boosted sales of its mining and energy equipment.
But that performance, which has driven its stock price up 72 per cent on a split-adjusted basis over the past year and permitted Caterpillar to easily outrun its blue-chip peers, has left some analysts wondering how much higher the cyclical stock can go. It's the best-performing Dow stock this year.
In Monday's session, Caterpillar ended down 0.6 per cent, or 49 cents, at US$77.38 on the NYSE.
RenewableEnergyStocks.com: Online Energy Conference April 26th -- "Opportunities in Renewable and Clean Energy, Oil, Natural Gas, and Coal" Updates Growing List of Speakers and Participants
Thursday April 20, 9:00 am ET
Upcoming Earth Day (April 22, 2006) Builds on Global Momentum for Renewable and Environmentally Friendly Energy Sectors
POINT ROBERTS, WA--(MARKET WIRE)--Apr 20, 2006 -- www.RenewableEnergyStocks.com (RES), a leading investor and industry portal for the renewable energy sector, announces the addition of new speakers to the growing list of conference participants. The renewable energy sector and the upcoming online audio energy conference held April 26th is garnering significant attention as oil prices reach new highs and the world seeks alternative energy solutions. With economic discussions and forums on a global basis surrounding energy prices, solutions and alternatives, the upcoming online audio conference will provide investors and industry with a one day in-depth perspective that will also be archived for future reference.
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Additional driving global factors in the quest for alternative energy solutions include Earth Day, an event celebrated since 1970. Earth Day works to increase global responsibility for establishing a clean, safe and sustainable healthy environment, a key topic in recent energy discussions. This annual affair, which is observed through various environmental activities and events, is celebrated by over a half billion people each year, according to the Earth Day Network.
The online energy conference has attracted leading industry experts and speakers to discuss energy trends in renewables, oil, gas and coal with a focus on balancing the needs of the rising energy demands with the protection and preservation of the environment. Recent additions to the participants include: Vitasti, Inc. (OTC BB:VITS.OB - News), owner of wind energy company Welwind International Energy Corporation. Additional public companies include: Alchemy Enterprises, Ltd. (OTC BB:ACHM.OB - News), Encore Clean Energy, Inc. (OTC BB:ECLN.OB - News), XsunX, Inc., CSMG Technologies (OTC BB:CTUM.OB - News) and SmartCool Inc.
Online Energy Conference: Working towards a diversified energy portfolio; driving opportunities in renewable and clean energy, oil, natural gas, and coal.
Format: Audio Presentations and Power Point Presentations
Current List of Keynote Speakers:
Neal M. Dikeman, Co-founder & Partner, Jane Capital Partners LLC
Toddington Harper, President, Founder & CEO, Fuel Cell Markets Ltd.
Philip J. McPherson, Director of Research, C. K. Cooper & Company
Richard Stuebi, BP Fellow for Energy and Environmental Advancement at The Cleveland Foundation
Dr. Robert Wilder, CEO & Founder of Wildershares, LLC; and Manager of the WilderHill Clean Energy Index
Peter Beadle, CEO, GreenJobs
Cornell Capital Partners
Jamie Wimberly, Founder & CEO, Distributed Energy Financial Group
Bruce Woodry, Chairman & CEO, Sigma Capital Group, Inc.
Current List of Participating Public Energy Companies:
(RES is compensated by Featured Companies Vitasti, Alchemy Enterprises, Encore Clean Energy, SmartCool Systems and XsunX as disclosed in disclaimer below.)
Vitasti, Inc. (OTC BB:VITS.OB - News) has signed an agreement with Welwind International Energy Corporation (WIEC) for 100% of WIEC's assets. Welwind was founded in 2005 to build, own and operate wind farms on an international scale. Their current project is to bridge the North America-China link by building wind farms in China beginning along the South China Sea. For More Info: http://www.renewableenergystocks.com/CO/VITS/Default.asp
Alchemy Enterprises, Ltd. (OTC BB:ACHM.OB - News) has acquired and owns the intellectual property in a new technology for generating and managing power, electricity, and propulsion systems. For More Info: http://www.renewableenergystocks.com/CO/ACHM/Default.asp
Encore Clean Energy, Inc. (OTC BB:ECLN.OB - News) intends to leverage ownership of its revolutionary low-cost, high-efficiency clean energy technologies to form valuable partnerships with local industrial leaders. For More Info: http://www.renewableenergystocks.com/CO/ECLN/Default.asp
CSMG Technologies (OTC BB:CTUM.OB - News) owns the patents and all world rights to a CO2 separation technology, which processes low-quality raw landfill gas that is approximately 50% carbon dioxide and 50% methane into a usable commercial gas. http://www.ctum.com
XsunX, Inc., a developer of a proprietary process for an innovative Building Integrated Photovoltaic (BIPV) thin-film solar technology that is intended to allow glass windows to produce electricity from the power of the sun. For More Info: http://www.renewableenergystocks.com/CO/XSNX/Default.asp
SmartCool Systems, Inc., a marketer of advanced energy saving technologies which reduce the electricity consumption (Kwh) and maximum demand (Kw/KVA) of refrigeration and air conditioning compressors. For More Info: www.renewableenergystocks.com/CO/SSC/Default.asp
For more information on our list of speakers and participants: http://www.investorideas.com/forums/Portals/energy.aspx
RenewableEnergyStocks.com (RES), a portal within the InvestorIdeas.com content umbrella, does not make recommendations, but offers investors research, news and links to public companies within the renewable energy sector. RES provides a variety of renewable and clean energy content through: Global Renewable Energy Insights, and Renewable Energy Blogs, all available at RES or become a "Priority" member of the InvestorIdeas.com investor and industry research resource portals and be at the top of our list to be the first to know what is happening in industry and sector trends. http://investorideas.com/membership/
RenewableEnergyStocks.com (RES) also includes one of the most comprehensive free renewable energy stock lists in the investment industry. http://www.renewableenergystocks.com/Companies/RenewableEnergy/Stock_List.asp
Investorideas.com Disclaimer: www.InvestorIdeas.com/About/Disclaimer.asp Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our Web sites. These sites are currently compensated for by its "featured companies." SmartCool Systems Inc. three thousand dollars per month, plus 100,000 stock options. XSUNX Inc. Three thousand five hundred dollars per month and two thousand equivalent in one forty-four shares. Alchemy Enterprises Ltd (OTC BB:ACHM.OB - News) five thousand dollars per month by third party IR firm, Crosscheck Capital. Encore Clean Energy, Inc. (OTC BB:ECLN.OB - News), Three thousand five hundred dollars per month and two thousand equivalent in one forty-four shares. Vitasti, Inc. (OTC BB:VITS.OB - News) Three thousand five hundred dollars per month and two thousand equivalent in one forty-four shares.
Contact:
For more information contact:
Dawn Van Zant
800.665.0411
Email Contact
Ann-Marie Fleming
866.725.2554
Email Contact
--------------------------------------------------------------------------------
Source: RenewableEnergyStocks.com; Vitasti, Inc.; Alchemy Enterprises; Encore Clean Energy; CSMG Technologies
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thank you, i knew it was somewhere. we owe great thanx to lowman for the use of his charts.
he saved me a lot of reading and surfing.
PARENTS ARE FROM BBCMF ,,,#Board-3665
http://www.eia.doe.gov/
http://www.futuresource.com/
Light Sweet Crude:
Natural Gas:
Heating Oil:
Unleaded Gas:
http://www.bloomberg.com/markets/commodities/cfutures.html
disclaimer...
This message board is not affiliated with any company or organization.
No endorsement of or by any company or organization is implied by the posts on this board.
You are responsible for your own decisions - post wisely and research before investing.
below is link for i.p.o. dates.
http://moneycentral.msn.com/investor/market/ipomain.asp
This Is Concern For All , Market Maker Signal For Shares.
100--I need shares
200-I need shares badly,but do not take it down
300-take the price down to get shares
400-trade it sideways based on supply and demand
500-gap one way or another,to the direction of the 500 trade.
ADDING THIS 4/22/06: In my experiences I Noticed When In Sub Penny Add a Zero!!
_____12/1/2006_adding this to naked short from NYBOB --- #msg-15229021 --- #msg-15229370
_____THIS 101 TEACHING ABOUT ETF'S AND NAKED SHORTING...
From Atag:This Link Is Good For 101 Trading.[Naked Shorting]
A safehouse for opponents of illegal stock market manipulation.
_____http://www.businessjive.com/nss/darkside.html
_____http://www.businessjive.com
_____http://www.businessjive.com/podcasts/market-liberation/
How Many Have Wonder What is Shown by The Time and Sales Code?
time and sales codes. placed 07/02/2007
Here are the original code descriptions:
a = acquisition
b = bunched trade - average price
c = cash trade
d = distribution
e = automatic execution
g = bunched sold trade - opening/reopening trade detail
h = intraday trade detail
i = basket index on close transaction
j = rule 127 trade
k = rule 155 trade
l = sold last
n= next day
o = opened
p = prior reference price
r = seller
s = split trade
t = form t trade - pre/post market trade
u = extended hours trade - reported late or out of sequence
w = average price trade
y = yellow flagged regular trade
z = sold - out of sequence
http://www.shortsqueeze.com * 07/28/2007
http://www.nytimes.com
http://www.forbes.com
http://insidercow.com
http://www.itbusiness.ca/it/client/en/home/home.asp
http://thebullandbear.com/
http://www.newswire.ca/en/ [CNW GROUP]
http://www.busrep.co.za/index.php
http://www.silverstockreport.com/email/Future_Gold_and_Silver_Prices.html
http://www.miningmx.com/index.htm
http://stockhouse.com/index.asp
http://www.smallcapcenter.com/index.asp?ref=1
http://www.cbc.ca/
http://www.sedi.ca
http://www.sedar.com
http://www.canadianinsider.com
http://www.tsx.com
http://www.wce.ca
http://www.m-x.ca
http://www.cnq.ca
http://www.tsx.com/en/nex/
For Canadian Information Try This. boomtime moderator
#board-4347
http://www.wce.ca/aboutus.aspx?first=links
http://new.stockwatch.com/swnet/default.aspx
http://www.wce.ca/aboutus.aspx?first=links
http://investorideas.com/ http://www.oilandgasstocknews.com/OGSN/
Additional search: 09/25/2007
http://www.bullsector.com/oil.html
http://www.bullsector.com/naturalgas.html
http://www.bullsector.com/oildrillers.html
http://www.bullsector.com/oilfieldequipment.html
http://www.bullsector.com/right.shtml "[a lot of companies]"
http://www.bullsector.com/search.html
Future With Technology
http://www.cnn.com/SPECIALS/2005/cnn.25/interactive/gallery.top25/content.1.html
A Wealth Of Information Here. Many Links. #msg-9341363...#msg-9368867...#msg-9641411
Here Is A Glossary For The Oil Industry. From 02opida. #msg-9160455 ... #msg-9160494
Mentions From peoria...Oil sand stocks in Alberta
CWPC< DWOG< DOIG< HBNRF< POGI< PTII< SDOI< SOIGF< SPMP<
WNWGAnd maybe SRGG...oil sands potential
WATCH LIST BY peoria,
SPMP [1/2/06...$0.05] DVFN 1/2/06...$0.03] COGL [12/30/05...$2.40]
More Watches...
OMNI<[1/2/06...$3.68] DWOG.OB[1/2/06...$1.30]
TO BE SORTED FOR US. 1/22/06.oil sand future companies
SRGG DWOG DOIG COSWF-pricey SRGG WNWG-? POIG PBEGF-
HBNRF -maybe SOIGF- SDOI - patented tech. to recover crude oil from tar sands.
SPMP-acquiring/venturing with oil/gas. Check their tech. in processing oil sands.
HOFF is offshore drilling ...
FROM Gateway_Stocks: #msg-10403228...Oil consumption by country
http://www.nationmaster.com/graph-T/ene_oil_con
http://www.tadgergroup.com/
WTO.TO TLM.TO CNQ.TO
NEW ITEMS --- OIL AND NATURAL GAS;
8-2-11 OIL AND NATURAL GAS;
AAPH BDCO BRN CAK CIE CRED CXPO EEE EGOH FEEC FPP
GLBL GSA.V / GRDSF HKN HDY IVAN LEI MILL MPET VST.V / VSTFF
WZR.V / WZGRF
PINKSHEET UPDATES...
If You Need a Chart From The Pinks , Just Change The Symbol For The New Chart.
http://charts.edgar-online.com/ext/charts.dll?2-6-8-0-0-53-03NA000000dis[*chart]charts.edgar-online.....
http://www.pinksheets.com/index.jsp
new chart2 from goodrich and starboy,,,5 day--10 day--200 day EMA
[*chart]stockcharts.com/c-sc/sc?chart=ssty,uu[e,a]dhclyiay[db][pb5!b10!b200!d20,2!f][vc5!c20][iut!lv8!lk9!ll5!lah5,15,10!lp5,5][j20444984,y]&r=3555[*/chart]...Red and Black Candles
new chart2 daily view for red green candles...
[*chart]stockcharts.com/c-sc/sc?s=KSWJ&p=D&yr=0&mn=0&dy=13&i=p98186702723&r=3761[*/chart]
new chart2
[*chart]stockcharts.com/c-sc/sc?s=MSEP&p=D&yr=0&mn=6&dy=0&i=p93396953027&a=78904797&r=445">[*/chart]{red and green 50/100/200 ema
new chart2...side by side charts 180 days / 90 days weekly readings.
svmi weekly...180/90 days
[*chart]stockcharts.com/c-sc/sc?s=SVMI&p=W&yr=0&mn=6&dy=0&i=t12381236728&r=9873[*/chart][*chart]stockcharts.com/c-sc/sc?s=pvx&p=W&yr=0&mn=3&dy=0&i=t47132485517&r=3936[*/chart]
new chart2...
[*chart]stockcharts.com/c-sc/sc?s=wnwg&p=D&yr=0&mn=6&dy=0&id=p71244194731&r=3541[*/chart]
new chart2...Side By Side Charts: Daily For Two Co's.,,50/200 EMA
[*chart]stockcharts.com/c-sc/sc?s=gshf&p=D&b=5&g=0&id=t74282574833&r=8741[*/chart][*chart]stockcharts.com/c-sc/sc?s=IESV&p=D&b=5&g=0&id=t74282574833&r=8741[*/chart]
new chart2...50/200 day Trendline...
[*chart]stockcharts.com/c-sc/sc?s=MSEV&p=D&yr=0&mn=6&dy=0&id=t24509453371&r=4[*/chart] **********
new chart2...50/200/10 day Trendline
[*chart]stockcharts.com/c-sc/sc?s=FMNJ&p=D&yr=0&mn=6&dy=0&id=p83377853953[*/chart]
new chart2...5day/10day/50day ema
[*chart]stockcharts.com/c-sc/sc?s=cmbv&p=D&yr=0&mn=6&dy=0&i=p05583445219&a=78504300&r=710[*/chart]
Spider/Centipede Look Chart: Fibs, % Levels...
http://charts3.barchart.com/procal.asp?sym=gmnd
[*chart]charts3.barchart.com/custom/tc/LBWR.GIF[*/chart]
chart ... p and f #1[3-BOX REVERSAL
[*chart]stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=slre,pltad[pa][da][f!3!!]&pnf=y[*/chart]
chart ... p and f #2[2 BOX REVERSAL]
[*chart]stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=vrdm,pluadanrbo[pa][d][f1!2!0.01!!2!20]&pnf=y[*/chart]
PINKSHEET UPDATES...
If You Need a Chart From The Pinks , Just Change The Symbol For The New Chart.
http://charts.edgar-online.com/ext/charts.dll?2-6-8-0-0-53-03NA000000dis[*chart]charts.edgar-online.....
http://www.pinksheets.com/index.jsp
NETWORKING WITH Moderator: ajtj99: AJTJ's Post-Lobotomy Market Thoughts and Charts: See Message #board-1613
Some important concepts in the world of technical analysis :)
Support & Resistance Levels--->http://investorshub.advfn.com/boards/read_msg.asp?message_id=21996866
Drawing Trendlines--->http://investorshub.advfn.com/boards/read_msg.asp?message_id=21998402
"Areas" to Take Profit--->http://investorshub.advfn.com/boards/read_msg.asp?message_id=22322961
High Probability Trade Set Up--->http://www.investorshub.com/boards/read_msg.asp?message_id=17945858
Positive Divergences--->http://investorshub.advfn.com/boards/read_msg.asp?message_id=21992088
Trendline Break + 50% Hold--->http://investorshub.advfn.com/boards/read_msg.asp?message_id=21962829
"The Pincher"---> http://investorshub.advfn.com/boards/read_msg.asp?message_id=22560213
Da Tarheel Method by Tarheel-Blue --->http://investorshub.advfn.com/boards/read_msg.asp?message_id=22183690
Lesson in Buying by Tarheel-Blue --->http://investorshub.advfn.com/boards/read_msg.asp?message_id=22196127
Charts are Cool--->http://www.investorshub.com/boards/board.asp?board_id=8765
Technical Analysts--->http://investorshub.advfn.com/boards/board.asp?board_id=7882
THESE ARE IMPORTANT READINGS FOR UPDATING OIL AND NATURAL GAS PRICES.
http://futuresoucre.com/
Special Reports From Lowman Oil And Gas Plays,Etc. See
#msg-8709740
#msg-10752643 ... UPDATED 4/20/06 ...#msg-10752821
Links For Alternative Fuels * 07/28/2007
The Oil Shale Discovery - Learn How Colorado and Alberta Sit on More Oil Than the Middle East
http://www.DailyWealth.com/Oil_Report
Garden Girl TV Promo - Show your support! Leave a comment, rate the video!
http://www.gardengirltv.com
Ocean Energy Converter - New invention that will change the way we get energy.
http://WWW.SWELLFUEL.COM
Here Is Part Of The New Refinery To Be For Az.
http://search.yahoo.com/search?p=arizona+oil+refinery&sm=Yahoo%21+Search&fr=FP-tab-web-t-339....
http://www.arizonacleanfuels.com/faq.htm
Gulf Coast damage renews call for oil refinery in Arizona; THE INDIANS OF AZ. WOULD NEVER APPROVE THIS REFINERY TIL TODAY 7-26-11
Gulf Coast damage renews call for oil refinery in Arizona. More News. Hurricanes that have threatened oil facilities in the Gulf Coast are renewing calls for Arizona to build a 150,000-barrel-a-day refinery outside Yuma. ... has been trying since 1989 to build a refinery in Arizona, which gets all of its fuel from two underground ...kvoa.com/Global/story.asp?S=3892966&nav=HMO6 - 80k - Cached - More from this site - Save
http://www.google.com/search?hl=en&q=Elliot+Wave&btnG=Google+Search
Results 1 - 10 of about 1,910,000 for Elliot Wave. (0.11 seconds)
http://search.yahoo.com/search?p=Elliot+Wave&fr=yfp-t-501&toggle=1&cop=mss&ei=UTF-8
1 - 10 of about 3,570,000 for Elliot Wave - 0.20 sec. (About this page)
NETWORKING WITH NYBob: 08/27/2007 ,,,see message #msg-22380546
Colorado and Utah, there is more recoverable oil than in the Middle East?" -
http://www.freerepublic.com/focus/f-news/1388012/posts
U.S. HAS MASSIVE OIL RESERVES -
http://www.americanfreepress.net/html/u_s__has_massive_oil.html
DD....http://www.ru308.com/
NETWORKING WITH NYBob: 08/27/2007 ,,,see message #msg-22380580
#msg-22380546
NYBob,,,http://investorshub.advfn.com/boards/profile.asp?User=29145
http://investorshub.advfn.com/boards/board.asp?board_id=6568
see message #msg-22380566 ,,, Russell Industries (RSDS)
NEW LINKS NETWORKING IDEAS: 09/09/2007
OUR NEWEST NETWORKING MENTION___05/17/2007_____________________
NetWorking with Moderator: WallStreetFox, World Trade Center ... #board-6442
assistant at #board-5884 and #board-6748
06/11/2007
NetWorking with Moderator: a_charting_god, Assistants: #board-8031
06/14/2007 TRACKING SHORT INTEREST___#board-9533
NETWORKING WITH The Blue Horse Shoe Saloon, Moderator: Blue_Horse_Shoe
see #board-9665 , 09/09/2007
NETWORKING WITH SEASONALITY STOCK REPORTS, Moderator: kgoodrich
#board-1616 , & #board-3424 Seasonals rock , 09/03/2007
The long awaited removal of the "Grandfather Clause"
has today been officially posted in the Federal Register for removal.
On October 15th, all 'Naked Short' positions in public companies must be covered.
http://a257.g.akamaitech.net/7/257/2422/01jan20071800/edocket.access.gpo.gov/2007/E7-15708.htm
free level-2
http://66.201.236.134/export/level2.jsp?symbol=pvx
SCANNER TOOL:
http://66.201.236.134/export/level2.jsp?symbol=pvx
http://www.smallcapcenter.com/tools_technicalSearch.asp?page=ANALYTICSSEARCH_IN.ASP
Got black gold safety....
http://investorshub.advfn.com/boards/board.aspx?board_id=4576
http://investorshub.advfn.com/boards/board.aspx?board_id=6668
http://investorshub.advfn.com/boards/board.aspx?board_id=5526
http://investorshub.advfn.com/boards/board.aspx?board_id=12714
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