Energy Prospectus

letitfly

ok, thank you, but then what was it that caused you to pull back on your recommendation last year, ant the subsequent improvement?

letitfly

sorry, I did not mean to put it in the Houston forum

letitfly

Dan
If my memory is correct, last year you took MINDP off of your buy list as you were uncomfortable with the parent. I see that it is now back on the Yield List. Financials have improved to the point where you are now comfortable again for investment?

letitfly

Thanks, actually I contacted IR for clarification of the press release and all purchases of VNOM get a 1099

letitfly

Dan
The May press release also has language stating that the minerals business will be taxed as a partnership. Since you are familiar with this company, can you clarify the C corp transition with this language of partnership taxation.

letitfly

Dan-- Due to the spread between WTI and Brent, and the further discount due to the Permian take-away constraints, which of your Sweet 16 Permian companies are recognizing this differential and are revising their production plans to limit their production at these lower prices and able to adjust thei...

letitfly

I recommend this article for balance and why it may take some time before Wall Street gives proper value to the oil & gas sectors https://www.nytimes.com/2018/09/01/opinion/the-next-financial-crisis-lurks-underground.html Since the overall financial crisis did not form in 2014-15 when Saudia Ara...

letitfly

And these numbers were the basis for the huge fall yesterday, or is this another example of Wall Street just not getting the energy story?

letitfly

XEC seems to be going in the opposite direction in today’s energy market
Any reasonable explanation, or were reported earnings the culprit?

letitfly

On this week's Financial Sense podcast, John Kosar mentioned that he was skeptical about the price of oil due to the continued shorts by the 'smart money'. They have been short since $50 oil and continue to be short. He mentioned this happened years ago when oil was at $120. Your thoughts Dan?

letitfly

Apparently, their news falls on deaf ears.......................

letitfly

Dan What do you make of the fact that the oil commercial futures traders have built up a new record short position of 571,785 contracts. In June of 2014, this figure was a short position of 492,580 contracts and oil crashed that fall. Not saying we are looking at another crash, but history can rhyme...

letitfly

Dan In assessing Core Labs, one has to ponder the companies that will outsource to Core Labs and those that keep those services in house. Are companies leaning towards outsourcing or building up internal services? It would seem a better move to outsource, but curious about your input on industry tre...

letitfly

Dan
What are the odds that accompany wanting GST's properties might let them dangle in bankruptcy and purchase then, rather than an outright purchase with the obligation of the preferreds?

letitfly

Dan--- drilling extraction techniques have improved substantially the past few years. Therefore, how does that impact the argument that the drilling rig count has decreased substantially ? If companies can extract and produce more with fewer rigs, how can one properly evaluate the large rig reduction?

letitfly

Ok, good chart, which also shows that demand in 3Q and 4Q 2015, and 1&2 Q 2016 was larger than previous, yet the inventory numbers still grew. I must be missing something here
Secondly, why isn't anyone placing your refinery point out there in the public eye?

letitfly

From another blog this morning: 1. US crude oil inventories reach the highest level since the late 1920s. 2. Inventories at Cushing, OK (the WTI futures settlement hub) rise to record levels. 3. US oil output is barely budging in spite of a number of producers operating at a loss or extremely thin m...

letitfly

FYI, this weekend was indeed brutally cold in NY. Today, we are expecting snow.....and tomorrow, the temp will be 55!

letitfly

Dan

Heard a blurb on morning tv that the report is saying 'lower for longer'.....$80 oil not until 2020. Another pundit saying that DUCs can be turned on and oil extracted very quickly, so supply is still tight even with the declining rig count.

Thoughts?

letitfly

Thanks Dan. I did not see an earlier thread marked EMES in this section so did not mean to duplicate

letitfly

Dan
What do you make of CEO Shearer unloading a huge boatload of his shares recently? A sign of no confidence in the near future, an estate planning sale, or something else?

letitfly

Dan, thanks for the perspective

letitfly

here is the link,
http://oilprice.com/newsletters/free/opintel08052015

letitfly

Dan, on this topic, do you subscribe to Oil & Energy Insider? Yesterday's email discussed Dan Dicker's take that shale suffers from an inherently flawed business model. Since I do not subscribe, I was wondering if anyone could expound on his point, and get a reaction from your point of view
Thanks

letitfly

OK, thanks, but just to be clear for all concerned. Even in the case of worse scenario and the dividends have to be suspended, can CPE survive as an entity and withstand the low pricing scenario going forward? Of course, no one knows how long prices will remain in this range, and we have put forth t...

letitfly

Yikes, a month ago you stated that they were rock solid and could pay the dividend! I realize you stated the information above was 'conservative based', but ouch.

letitfly

Thanks, I read the elite 8, but was just curious if there was more to add. Thanks

letitfly

Dan

In the newsletter, will you address which companies are in the strongest financial condition to weather the oil price decline, and which companies are more vulnerable due to outstanding debt?

Thanks

letitfly

Actually, I thought the recent SM Energy presentation did a nice job explaining the benefits of increased sand use for E&P companies

letitfly

Do the new well completion techniques include increased sand use?

letitfly

OK, I understand what UBTI stands for and took a look at the article you referenced---------but, will the UBTI be negative from MEMP, if you know?

letitfly

How does pulsing effectiveness for EOR compare with CO2 enhanced oil recovery by Denbury?

letitfly

Dan
You mentioned that you are buying MEMP in your IRA. What are the UBTI issues, if any?

letitfly

Dan
I see you were on with Puplava this week. Any chance you can post a copy of the clip?

letitfly

Makes the Value Forum Investfest a good bargain!

letitfly

Dan
It's not a question of how much you have invested in an mlp in an IRA----rather, if you receive more that $1,000 in UBTI, then it becomes a problem

letitfly

Thanks for these updates

letitfly

While your points are valid, you also may be underestimating the stupidity of our elected representatives...................

letitfly

Or Congress might start taking a harder look at MLP tax structure to recoup monies. Remember what happened in Canada when BCE wanted to turn into a royalty trust, the whole sector was turned upside down. Just a thought.

letitfly

Sorry, no need to answer as I just saw the XEC post from Friday. Thanks

letitfly

Dan

Recently you had indicated that Cimarex was a bit over-priced and to think about taking profits. What has changed your mind to increase the share price going forward?

Thanks

letitfly

If Linn is hedged out for the next 5 years, then the price of natural gas should not be a major factor (of course, I could be wrong on that), I would think the propelling aspect would be how successful their production output will be. Many of the royalty trusts are having underwhelming production re...

letitfly

While their operations seem to support the payments on the preferred, what is your take on the suit filed by Chesapeake? The market action in the preferred is very volatile right now. How vulnerable is GST due to Chesapeake's claims?

letitfly

Apparently, GST is being sued by Chesapeake over a property dispute. I have not had a chance to review the facts, but curious if this will affect GST's preferred going forward. Any perspective you can provide Dan?

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