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MMTIF more than a double this week.. Next week do it again....Check the chart.
Oil Companies...Oil, Gas Supermajors Living Beyond their Means
by Valerie Jones|Rigzone Staff|Thursday, January 16, 2020
Oil, Gas Supermajors Living Beyond their Means
Some of the world's largest oil and gas companies are shelling out more to their shareholders than they can afford, according to a new report.
Some of the world’s largest oil and gas companies are spending more than they can afford.
According to a report released today from the Institute for Energy Economics and Financial Analysis (IEEFA), ExxonMobil, BP, Chevron, Total and Royal Dutch Shell have given shareholders $536 billion in dividends and share buybacks since 2010, but generated just $329 billion in free cash flow during the same period.
The companies made up the $207 billon cash shortfall – equal to 39 percent of total shareholder distributions – by selling assets and borrowing money.
The five supermajors’ free cash flow, shareholder distributions and cash deficits from 2019 through 3Q 2019 (in $US billions) are as follows:
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Source: IEEFA, based on company financial reports
The supermajors’ operations are not providing enough revenues to cover their core OPEX and CAPEX, but company executives say that steady dividends and hefty share repurchases help convince investors to provide funding to their companies.
“The oil majors are consistently under-performing the market and may believe that shareholders won’t notice, as long as they receive generous dividends,” said IEEFA director of finance and report co-author Tom Sanzillo. “As these companies continue to sell off assets and acquire more debt, they reveal a sector in disarray.”
The report said more asset sales would be likely in coming years – part of an industrywide trend to raise cash by selling off poorly positioned or underperforming assets.
The report noted that stock markets are reflecting a decreasing investor confidence in the oil and gas industry. And while the supermajors have emphasized their ability to generate cash through dividends and share repurchases, that strategy requires a great amount of caution.
“Investors are gradually moving away from energy stocks,” Sanzillo said. “A look behind the dividend payments of the leading companies helps explain why. For the core business of these companies there is more money going out than coming in.”
To contact the author, email Valerie.Jones@Rigzone.com
YES... Over 300,000 shares sold by weak hands and bought by strong hands.
Good Progress in tightening up the shares before news. GLTA!!!
MMTIF..4x since Jan 1.... 200,000 plus shares on ask @ .08 cents.....Will look very cheap soon.
MMTIF 200,000 plus shares on ask @ .08 cents.....Will look very cheap soon.
MMTIF 200,000 plus shares on ask @ .08 cents.....Will look very cheap soon.
MMTIF 200,000 plus shares on ask @ .08 cents.....Will look very cheap soon.
MMTIF Shares still cheap....Buying while cheap will give a huge Return.
Go MMTIF....Still cheap,imo.
Go MMTIF....Still cheap,imo.
Go MMTIF....Still cheap,imo.
What, ME worry? NOT!!!! Buy while you can is still good advice. Or wait until it is much higher....Your Choice.
Bloomberg) -- Energy stocks are cheap among S&P 500 peers, and there’s already plenty of bad news baked into the sector, according to David Rosenberg.
“In a world where everything looks so expensive, energy stocks look downright cheap,” Rosenberg, the chief economist & strategist of newly formed Rosenberg Research and Associates, told clients in a note.
His call comes as oil markets weigh geopolitical risk, while U.S. shale companies attempt to lure investors back after extended underperformance.
Energy stocks staged a mid-December rally, but have cooled alongside crude oil and eased U.S.-Iran tensions. The sector risk-reward looks more balanced after such events, Morgan Stanley told clients early Monday, downgrading the exploration & production group to “in-line.”
“At a minimum, the group is priced for a much weaker oil environment than what we have on our hands,” Rosenberg said.
In addition to the sector’s valuation, investors have expected negative events for some time. “There are few sectors in the equity market that have this characteristic of having bad news priced in at this moment,” he wrote. “But in the energy space, perhaps in the overall materials sector as well, all that has to happen is for something bad not to happen and there will be a positive rerating as the end-result.”
Rosenberg was chief economist and strategist at Gluskin Sheff and Associates for about ten years before firing up his own firm.
--With assistance from Divya Balji.
MMTIF....5 cents/share..Still a buy on dips, but dips will not be large,imo. News will send share prices much higher, Again,imo.
MMTIF....5 cents/share..Still a buy on dips, but dips will not be large,imo. News will send share prices much higher, Again,imo.
MMTIF....5 cents/share..Still a buy on dips, but dips will not be large,imo. News will send share prices much higher, Again,imo.
Emerson Application Simplifies Access to Continuous Corrosion Monitoring Data
Wednesday, January 15, 2020
Emerson has introduced The Plantweb Insight Inline Corrosion application to provide the oil and gas industry real-time interpretation and analysis of critical data that helps prioritize maintenance and make informed integrity decisions.
The Plantweb Insight Inline Corrosion application delivers field data from the Roxar wireless corrosion transmitters, providing valuable insight into instrument health and process corrosivity. It offers alerts on preset thresholds for severe corrosivity, probe lifespan for electric resistance (ER) probes, low battery levels and more. The easy-to-read dashboard displays an intuitive heatmap with intelligence on corrosivity of fluid levels based on the NACE standard.
This latest Industrial Internet of Things (IIoT)-based application seamlessly integrates into existing wireless infrastructures and delivers field data as frequently as once every 15 minutes. By keeping operators updated on changing conditions remotely, the application allows personnel to make fewer manual inspections in the field, thereby minimizing their exposure to hazardous areas.
As part of Emerson’s Plantweb digital ecosystem, this new application is the latest addition to a scalable and secure portfolio of transformational technologies, software and services that provide relevant personnel with enhanced insight to drive operational excellence. Easily integrated with a variety of WirelessHART® gauges and remote field sensors, Plantweb Insight applications combine continuous, real-time data harvested from Emerson’s Pervasive Sensing™ technologies with predictive analytics to give maintenance and operations personnel actionable, up-to-date process information in any location, improving reliability, safety, production and energy management.
A new offshore investment cycle is in the making - Rystad Energy
In retrospect, 2019 was another strong year for offshore exploration and production companies. Free cash flow remained strong and telltale signs have emerged that we are entering a new offshore investment cycle. This trend was perhaps illustrated most profoundly by the rising swell of offshore project approval activity by operators in 2019, according to research by Rystad Energy.
king....My guess is the contact with PN was at his law office in Nigeria or his cell phone... not at the Houston Office
Krom....Reply...Points
1] I personally did that last Saturday....Took about 30 seconds. ERHC phone has been off over a month.
2] They moved downstairs about 2 years ago to a much smaller office.
3] No Comment except how much value does that add??
4] I hope so.
Go ERHC.
Golden Cross...Thanks for visiting. 4 cents/share is the breakout point on MMTIF.... Today did not have enough volume though. Good news of contracts with major oil companies are coming and this year should have a massive % move as the contracts will be the first ever revenue and cash flow for MMTIF. Cash Flow will 3x present share price,imo.
RE MMTIF....Look Now.....Waited to long...Too bad.
RE MMTIF....Look Now.....Waited to long...Too bad.
Office Closed????...." Number unallocated " is now the phone message.
MMTIF is owned by smart money...Do your DD....Real deal. JMO!!!
GC....Do us a FAVOR....Look at chart on REAL DEAL MMTIF....Breakout Coming.
GC....Please do yourself a favor and get serious about MMTIF...Check the chart.
Sorry guys....Your unbelief has not served you well....MMTIF breakout coming....LOOK AT THE CHART please. Thanks!!
LongMMTI....Thanks for your response. Among the first to adopt the Aroma technology will be Total [Chevron partner in a couple of Big GOM deals], Shell, and Exxon. This is just my JMO, based on my research.
Big oil and Gas have or are in the process of discovering the benefits of MMTIF's Technology and Investors will not be very far behind them. Again JMO!!!
I wonder what is on the Agenda for the rest of this month????
LongMMTI....What companies besides Chevron, and Romgaz do you think might be among the first to adopt the Aroma Technology? Just Curious, if you care to Comment.
MMTIF Check Charts....Real High Tech ....Contracts soon.
Golden Cross....Real cross coming soon on MMTIF check out the Chart.
MMTIF....Check the chart....4 cents is the breakout point on the way to 20x return. JS!!!
MMTIF....Look at the Chart...I cannot believe you guys are just sitting and letting this one get away from you.
LongMMTI....Thanks for your response. Your formula is basically what i have been using to talk and post about the cash flow Revenue per share, and how the fact that the shares are selling for much less than the first year expected cash flow per share. The royalty figure i have been using is slightly less than your guess and i have been including units for both Romgaz and Chevron in my estimates. Also i have tried to be conservative in estimating shares outstanding [ie more than your estimate] and i have concluded the shares are selling now at about 1/3 the cash flow per share in the first 12 months after signed contracts. And i do not believe one can find any other High Tech type company with similar price to cash flow ratio.
Therefore the shares are a buy.
LongMMTI....You Said..." I think your prediction is low once Chevron is announced. (If)." So what is your range of exceptions regarding a take out price? TIA!!!
Vela700. I beg to differ. There is no way you heard the same stuff 10 years ago. The IIOT was not a big thing then and Chevron was not partnering on the development of AROMA products. The emergence of the IIOT and Chevrons interest in it changed the story and the outcome. JMO!!!
MMTIF MONTHLY PROGRESS REPORT 1/08/2020.
MONTHLY PROGRESS REPORT Name of CNSX Issuer: Micromem Technologies Inc. (the “Issuer”).Trading Symbol: MRM Number of Outstanding Listed Securities: 361,637,871 Date: January 8, 2020
Report on Business1. Provide a general overview and discussion of the development of the Issuer’s business and operations over the previous month. Where the Issuer was inactive disclose this fact.
Romgaz continues its due diligence of the technology, as per the Letter of Intent entered with the Issuer, by providing a series of questions. The Company worked directly with a senior engineer from Chevron to prepare the responses. The completed Q&A provides an overview and a timeline of work completed on the AROMA Tracer technology (ARTRA 171) and its numerous uses. This information was press released on December 20th and our website was updated accordingly. The Issuer is completing negotiations with Repsol of a final binding contract for the RT Lube product and continues to engage with Chevron on the finalization of commercialization for the ARTRA units.
The Company also continues to pursue discussions with potential strategic partners for the use of its sensor technology and to promote the practical advantages of this technology in multiple industry sectors.
8. Describe the acquisition of new customers or loss of customers.The Company continues to develop the scope of its activities with its existing clients in the oil sector as noted in Point 1 above. The Company continues to evaluate new potential opportunities in other sectors.
13. Provide details of any indebtedness incurred or repaid by the Issuer together with the terms of such indebtedness.The Company extended convertible debentures totaling $73,000 CDN and $42,000USD for an additional two months, all other terms remain the same.
The Company repaid a debenture originally secured in April 2017, including interest, totaling $51,557.The Company secured $52,000 USD of financing through a debenture offering,with an interest rate of 4% per annum The Company has an option to payout the debentures at any point within the initial 6 months of the term. If the Company does not redeem the debentures within 6 months, a conversion feature option will
be made available to the holders.
The Company issued a convertible debenture totaling $10,000 USD with an interest rate of 2% per month, calculated daily, maturing on January 31, 2020,convertible at $0.04 USD per share.
The Company issued a convertible debenture totaling $20,000 CDN with an interest rate of 2% per month, calculated daily, maturing on April 18, 2020,convertible at $0.05 USD per share.
14. Provide details of any securities issued and options or warrants granted.Security Number Issued Details of Issuance Use of Proceeds(1)Common shares 7,938,397 Conversion of Debt To common shares repayment of debentures
Opus X.....You are most welcome....We lost a real friend in sneak attack.