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Message |
    
Killernut
Registered Member
Username: Killernut
Post Number: 6322
Registered: 10-2003
| | Posted on Tuesday, August 31, 2010 - 08:08 am: | 
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If you want a NG play look at CHK, ECA, COG, or similar. OXY is too oily if you will.
Personally I think there may be a NG bounce but it is still just a bit (a few weeks) too early and I wouldn't expect it to last too long. The land based shales have changed the whole game. |
Public_heel
Moderator
Username: Public_heel
Post Number: 12334
Registered: 12-2003
| | Posted on Tuesday, August 31, 2010 - 08:05 am: |
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That's a remarkable chart, C/R. A playable bounce every year but 2008!
I wonder about a bounce this year. On the one hand, NG fundamentals are so bad there doesn't seem to be a reason to bounce. On the other hand, the price is so low that a bounce seems pre-ordained... |
Cape_rover
Registered Member
Username: Cape_rover
Post Number: 178
Registered: 10-2003
| | Posted on Tuesday, August 31, 2010 - 06:19 am: |
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What are some of the favorite Natural Gas stocks for a seasonal bounce play? COG, OXY?
 |
Rjoh
Registered Member
Username: Rjoh
Post Number: 10
Registered: 05-2010
| | Posted on Saturday, August 14, 2010 - 09:55 am: |
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Milo,
That message to me was a black swan event just like the "trillions" of minerals suddenly available for the USA in Afganistan. As investors these "events" deserve notice but the challenge is to figure out how to invest for positive benefit. To me the Afganistan event was evidence the military boys are getting nervous about continued support for their revenues. For BP it seems the powers to be are all in a row over offshore drilling so my PBR and CEO seems safe.
REgards
RJ |
Miloandbono
Registered Member
Username: Miloandbono
Post Number: 1039
Registered: 08-2009
| | Posted on Wednesday, August 04, 2010 - 09:46 am: |
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BP Spill - Anyone believe this???
from our white house energy advisor
`Vast Majority' of Oil Gone From Gulf, Browner Says
http://www.bloomberg.com/news/2010-08-04/-vast-majority-of-oil-gone-from-gulf-of -mexico-u-s-energy-adviser-says.html |
Public_heel
Moderator
Username: Public_heel
Post Number: 12139
Registered: 12-2003
| | Posted on Tuesday, August 03, 2010 - 08:35 am: |
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I wasn't interested. I don't know why Enquist was... |
Miloandbono
Registered Member
Username: Miloandbono
Post Number: 1033
Registered: 08-2009
| | Posted on Tuesday, August 03, 2010 - 08:29 am: |
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Stratic - I removed that one from my list.... did you get a piece of that? |
Public_heel
Moderator
Username: Public_heel
Post Number: 12135
Registered: 12-2003
| | Posted on Tuesday, August 03, 2010 - 08:15 am: |
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Milo - You asked about Stratic five months ago when they were at $C0.12.... looks like they're being bought now for $C0.17 |
Killernut
Registered Member
Username: Killernut
Post Number: 6268
Registered: 10-2003
| | Posted on Thursday, July 22, 2010 - 07:01 pm: |
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RJ, there is a way to hook up and siphon to the surface. In fact this was planned if the pressure was less than expected under the cap (assumption was that there would be a leak someplace in the well and they didn't want to damage that further). This has been put on hold since the pressure seems to indicate no more leaks. Plus with the tropical storm coming in there may be no surface ships in the area if a few days. |
Rjoh
Registered Member
Username: Rjoh
Post Number: 8
Registered: 05-2010
| | Posted on Thursday, July 22, 2010 - 04:38 pm: |
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Killernut et al,
Is there something complicated about connecting the current cap on the BP well to a ship with a tube of some sort that can take some of the effluent instead of trying to completely stop the flow and then start worrying about it leaking under the surface. Are these buys really in the oil business or is there something else going on?
IMHO |
Killernut
Registered Member
Username: Killernut
Post Number: 6261
Registered: 10-2003
| | Posted on Sunday, July 18, 2010 - 11:41 pm: |
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Engineers detect seepage near BP oil well
Sun Jul 18, 2010 11:07pm EDT
* U.S. concerned over seep detected near BP well
* BP aims to keep new cap closed as long as possible
* British PM Cameron visits Washington this week (Adds details, background, WSJ report)
By Chris Baltimore
HOUSTON, July 18 (Reuters) - Engineers monitoring BP Plc's (BP.L)(BP.N) damaged well in the Gulf of Mexico detected seepage on the ocean floor that could mean problems with the cap that has stopped oil from gushing into the water, the U.S. government's top oil spill official said on Sunday.
Earlier on Sunday, BP officials had expressed hope that the test of the cap which began Thursday could continue until a relief well can permanently seal the leak next month. Oil gushed from the deepsea Macondo well for nearly three months until the new cap was put in place last week.
But late on Sunday, the U.S. government released a letter to BP Chief Managing Director Bob Dudley from retired Coast Guard Admiral Thad Allen that referred to an unspecified type of seepage near the mile-deep (1.6 km-deep) well along with "undetermined anomalies at the well head."
"I direct you to provide me a written procedure for opening the choke valve as quickly as possible without damaging the well should hydrocarbon seepage near the well head be confirmed," Allen wrote.
http://www.reuters.com/article/idUSN1813113320100719
BP did not respond to requests for comment on Allen's letter. |
Miloandbono
Registered Member
Username: Miloandbono
Post Number: 975
Registered: 08-2009
| | Posted on Monday, July 12, 2010 - 01:01 pm: |
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I have some energy LP's that have recovered nicely.
EVEP 8%+ div.
LINE 9%+ div.
I'm not sure I'd buy more here, but it looks like a TA breakout has them on track for fresh highs. |
Public_heel
Moderator
Username: Public_heel
Post Number: 12031
Registered: 12-2003
| | Posted on Monday, July 12, 2010 - 12:05 pm: |
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Most likely covdered calls. Buying the stock and selling those $15's right now would give a 72% upside versus a 73% downside in a GTZ scenario... |
Miloandbono
Registered Member
Username: Miloandbono
Post Number: 971
Registered: 08-2009
| | Posted on Monday, July 12, 2010 - 11:57 am: |
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"Someone is selling $15 calls for $2.75. Would you do that?"
Helllll no  |
Public_heel
Moderator
Username: Public_heel
Post Number: 12029
Registered: 12-2003
| | Posted on Monday, July 12, 2010 - 11:15 am: |
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So far, I've paid for about a thousand dinners, and have nothing to show for it.
At the moment, the tentatively good news about the spill cap is being counteracted by the new moratorium edict about to be issued, which no one knows the contents of.
But what the hey, these are January 2012 options. Someone is selling $15 calls for $2.75. Would you do that? (I might sell them, but only as part of a spread)
(Message edited by public_heel on July 12, 2010) |
Miloandbono
Registered Member
Username: Miloandbono
Post Number: 970
Registered: 08-2009
| | Posted on Monday, July 12, 2010 - 11:13 am: |
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heel and ATPG sitting in a tree K I S S I N G....
I think you love ATPG |
Public_heel
Moderator
Username: Public_heel
Post Number: 12027
Registered: 12-2003
| | Posted on Sunday, July 11, 2010 - 09:56 pm: |
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Excellent. In anticipation of this, I've been buying boatloads of ATPG Jan 2012 $15/$17.50 call spreads for about $.65..... |
Killernut
Registered Member
Username: Killernut
Post Number: 6251
Registered: 10-2003
| | Posted on Sunday, July 11, 2010 - 09:24 pm: |
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If the video I just saw is what I think it is, I think the Macondo well is now under control and BP will be able to capture at a 100% rate until they can kill the well with the relief wells. |
Miloandbono
Registered Member
Username: Miloandbono
Post Number: 934
Registered: 08-2009
| | Posted on Friday, June 25, 2010 - 11:54 am: |
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Crude - just exploded up $1. About time, I've been chopped up trying to play a breakout all morning. As usual I got out too early. Happy to be positive on the day. Going to go cut the grass. |
Killernut
Registered Member
Username: Killernut
Post Number: 6233
Registered: 10-2003
| | Posted on Sunday, June 13, 2010 - 07:27 pm: |
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ref the conversation below about Matthew Simmons. Here is what his (former) company has to say.
quote:Recent tragic events in the Gulf of Mexico have led to a period of collective introspection for the industry as well as a surplus of opinions. And sadly, the forensic evidence associated with this tragedy is far from complete and will likely take several months to assemble in order to formulate a more complete and informed narrative.
This is a highly-charged environment, as well as an exceedingly fluid one, as the prospects for abating the blowout and mitigating the spill are opaque. All of us are trying to better understand the cause and effect of the tragic blowout in the GOM and the implications for the upstream industry, especially as they relate to energy policy and the regulatory framework in the GOM.
Accordingly, we wish to remind industry participants, as well as our clients and friends, that the views of Simmons & Company International are separate and distinct from many of those being currently expressed by our good friend, founder and former Chairman, Matthew R. Simmons.
Several of the recent statements on the part of Mr. Simmons relating to the Macondo blowout and the implications for the industry and the individual companies involved in this incident are discordant with the views of Simmons & Company International. This accident has tragic consequences for the families of the deceased and injured, and potentially exceedingly serious ramifications for the principal companies involved in the MC252 well in addition to the natural habitat of the broader Gulf of Mexico and Gulf Coast areas. We view this tragedy as an unfortunate and isolated accident for an industry otherwise known for its steadfast devotion to safety. We believe constructive changes will be made in order to further enhance safety and that the future for offshore drilling will remain vital.
Separate and apart from the Macondo blowout, Mr. Simmons’ views and opinions regarding the productivity of the North American unconventional natural gas and oil resource plays are in direct contradiction to the conclusions Simmons & Company International has reached from the in-depth and lengthy research we have conducted on the subject. Our view is that were it not for unconventional gas, the North American natural gas resource base, which is presently witnessing compelling productivity, may otherwise have entered into a period of sustained decline.
While our respective views, historically, have often been in harmony, over the past year they have significantly diverged on some important fronts.
Thank you for your consideration and support.
Respectfully,
Michael E. Frazier
Chairman, President, and Chief Executive Officer
Simmons & Company International
|
Tychobrahe
Registered Member
Username: Tychobrahe
Post Number: 7344
Registered: 10-2003
| | Posted on Friday, June 11, 2010 - 10:33 am: |
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Though he's going back on it now, this is exactly what Boehner said yesterday at his weekly press conference:
"I think the people responsible in the oil spill--BP and the federal government--should take full responsibility for what's happening there."
Now Steele and the GOP are scurrying around trying to "clarify" this, saying that Boehner has always said that BP is responsible for this.
Apparently the Chamber of Commerce wants to protect old BP from the anti-business liberals who don't think the American taxpayer should pay for this. This is an awkward position for the GOP to take, advocating a lot of new government spending.
I think the Chamber has decided to lay low with this idea for awhile, to wait until it's not so "ripe". In a few months, when people might be thinking about other stuff, they can have Boehner again bring up the idea of the taxpayers helping out old BP.
On the subject of the oil spill, I understand Obama's going to be meeting with BP leadership this week. Who's idea was this? Was it the administration's idea or was it BPs? If it was the administration's idea, why didn't they do this weeks ago? On the other hand, BP is worried about all the bad press they're getting and they apparently want the government to help them put a more BP-friendly spin on this. You know, say some nice things about BP and the wonderful effort they're making to deal with this situation. So I'm wondering, is this meeting BP's idea, to allow them to ask the government to help them improve their public image? Does anyone know who's idea this meeting was?
I worry about this meeting a bit, because I think Obama's inclination in any meeting with anybody is to listen to all sides and try to come up with a solution that makes everybody happy. Of course there's no way everybody's going to be happy about this fiasco. I hope he's tough enough to stand up to enormous pressures of the Brits and BP. |
Public_heel
Moderator
Username: Public_heel
Post Number: 11867
Registered: 12-2003
| | Posted on Wednesday, June 09, 2010 - 02:57 pm: |
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I'm mostly out of NS driller IAE.V now. I still have a lot of Thailand offshore driller CEN.V, but those are shallow wells drilled in shallow water.
I've bought a bunch of NS driller EO.L, but they have quite a bit of news upcoming.
I prefer the onshore drillers like HNR, PTV.V, MMT.V and ARN.V (especially, because it's Canadian). |
Public_heel
Moderator
Username: Public_heel
Post Number: 11861
Registered: 12-2003
| | Posted on Tuesday, June 08, 2010 - 08:42 pm: |
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I had hoped BP knew what they were doing
Maybe they do. They know they can claim x bbl/day saved, and no one will ever be able to measure what's lost.
If they went from 20kbpd spilling to 30kbpd spilling and 15kbpd saved, they can present that as a victory. And they can add half a $mill each day to their legal fund... |
Killernut
Registered Member
Username: Killernut
Post Number: 6224
Registered: 10-2003
| | Posted on Tuesday, June 08, 2010 - 08:33 pm: |
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I have seen a couple references to Simmons claim but I have no idea whatsoever he is basing it on. I think he had a stroke. He has been wacky for at least a year or two and seems to be getting worse.
I was watching the feed the night and the day after they put the cap on and there is no doubt the flow is down from what I saw then but it sure seemed to be that the flow tripled after the cut was made from what I had been seeing. Makes a lot of sense to me as the riser was severely kinked and had to be reducing flow greatly and now there is very little restriction.
I had hoped BP knew what they were doing from measuring pressures etc during the top kill try and I figured to make the cut they had found that there was significant down hole restriction but it sure doesn;t seem that way. |
Public_heel
Moderator
Username: Public_heel
Post Number: 11860
Registered: 12-2003
| | Posted on Tuesday, June 08, 2010 - 08:11 pm: |
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I realize that appearances can be deceptive, but it sure looks like the oil spill rate is much worse today than it was a couple of weeks ago, before they started Top Kill. If they are taking off 15kbpd now, I'll bet that much more, easily, is getting away.
It sure seems like cutting the riser to fit the cap on made increased the flow by several hundred percent.... |
Public_heel
Moderator
Username: Public_heel
Post Number: 11857
Registered: 12-2003
| | Posted on Tuesday, June 08, 2010 - 06:10 pm: |
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K/N - Do you know what Simmons is talking about when he claims there's a 120kbpd leak seven miles away from Deepwater? It's not that I believe him, I'm just wondering what his thinking is.
I can find a zillion references to the claim, and I heard him make the claim, but i haven't found the background, assuming he ever gave any... |
Public_heel
Moderator
Username: Public_heel
Post Number: 11801
Registered: 12-2003
| | Posted on Thursday, June 03, 2010 - 02:59 pm: |
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One that got away.
This was mentioned on IV. I looked at it and wanted to buy at 16p, but I had to get UK trading permission from IV, and just let it slide  |
Rjoh
Registered Member
Username: Rjoh
Post Number: 2
Registered: 05-2010
| | Posted on Wednesday, June 02, 2010 - 07:45 am: |
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CEO and PBR seem to be supported by their respective governments which is not the obvious case for BP. Noticed CEO recently picked up long term "land based" deal in Iraq. BP CEO tald press today he expects clean up to only last 6 months. Perhaps he is viewing Exxon experience where real cleanup is not really required. I wonder if Exec branch has already given him the nor and wink that its ok to just float some flotation devices around and not really remove the oil from the swamps. I got to touch and smell the water in Baku and the oil is there permanently.
RJ |
Killernut
Registered Member
Username: Killernut
Post Number: 6212
Registered: 10-2003
| | Posted on Tuesday, June 01, 2010 - 07:31 pm: |
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Never looked. |
Public_heel
Moderator
Username: Public_heel
Post Number: 11786
Registered: 12-2003
| | Posted on Tuesday, June 01, 2010 - 05:47 pm: |
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K/N - Have you looked into Saskachewan plays like ARN.V?
A northern version of the Bakken, apparently. All the wells are horizontals, and are cheap and fast to drill.
Being in Canada, and being on land, can't hurt... |
Killernut
Registered Member
Username: Killernut
Post Number: 6211
Registered: 10-2003
| | Posted on Tuesday, June 01, 2010 - 01:42 pm: |
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The reason they need to go so deep is exactly the reason this well failed the first time. They need to be able to generate enough column of heavy mud to overcome the pressure from the well itself when they do penetrate into the existing well. Otherwise there might be two rigs sitting on the floor of the ocean, more dead riggers, and two spewing holes in the ocean floor. |
Tychobrahe
Registered Member
Username: Tychobrahe
Post Number: 7312
Registered: 10-2003
| | Posted on Tuesday, June 01, 2010 - 12:02 pm: |
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BP's loss of market cap since the spill is approaching 50%. |
Public_heel
Moderator
Username: Public_heel
Post Number: 11781
Registered: 12-2003
| | Posted on Tuesday, June 01, 2010 - 08:40 am: |
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I would guess they tend to overshoot the second try to make sure they narrow down to in between the first and second try.
Triangulating? I was surprised to learn that they have to go very deep, almost down to the reservoir itself. |
Killernut
Registered Member
Username: Killernut
Post Number: 6210
Registered: 10-2003
| | Posted on Tuesday, June 01, 2010 - 12:00 am: |
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PH, as I understand it the first shot is much like that post posited. Just a bit of a guess. Then they use a magnetic sensor to determine the general direction and a rough feel for the idea that the next shot needs to be, pull back far enough to re-aim and try again. I would guess they tend to overshoot the second try to make sure they narrow down to in between the first and second try. As I said before, I think SDRL hit on the fifth aim in the Australian well kill. |
Public_heel
Moderator
Username: Public_heel
Post Number: 11777
Registered: 12-2003
| | Posted on Monday, May 31, 2010 - 05:35 pm: |
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K/N - You may find this interesting, and I'd be interested in your comments. |
Public_heel
Moderator
Username: Public_heel
Post Number: 11711
Registered: 12-2003
| | Posted on Thursday, May 20, 2010 - 03:31 pm: |
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BP is now collecting all 5k bpd that was leaking.
Oops... seems like it was more than 5k all along... |
Miloandbono
Registered Member
Username: Miloandbono
Post Number: 855
Registered: 08-2009
| | Posted on Thursday, May 20, 2010 - 12:57 pm: |
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Crude futures (June). Longs have to sell today. The market is taking them to the cleaners. Only 21k contracts so far... that's nothing. July futures should bounce tomorrow or early next week. Getting a little long oil.
(Message edited by miloandbono on May 20, 2010) |
Openhigher
Moderator
Username: Openhigher
Post Number: 659
Registered: 10-2003
| | Posted on Tuesday, May 18, 2010 - 12:07 pm: |
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Well, there are a few interesting posts on NAT, FRO, and SDRL all with a consensus of significantly increased dividends to be announced. For ex, FRO on Friday will announce .50 to .75 are the guesses.
Take care all, Robert |
Killernut
Registered Member
Username: Killernut
Post Number: 6193
Registered: 10-2003
| | Posted on Friday, May 14, 2010 - 03:34 pm: |
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That is interesting but what I find more and more disconcerting is everytime I read news articles on Yahoo, I can't help but notice the train wrecks of comments at the bottom of articles.
There is a huge group of absolute dumbasses and absolutely wacked out people out there that have no reservations about showing it. |
Public_heel
Moderator
Username: Public_heel
Post Number: 11680
Registered: 12-2003
| | Posted on Friday, May 14, 2010 - 03:02 pm: |
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Interesting take on oil spill... |
Miloandbono
Registered Member
Username: Miloandbono
Post Number: 838
Registered: 08-2009
| | Posted on Friday, May 14, 2010 - 11:54 am: |
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Crude - should be some bids at about $70.70 in June oil. It's getting creamed. I hope they take it there, I'm anxious to see what happens. Lot's of volume coming in now. |
Openhigher
Moderator
Username: Openhigher
Post Number: 657
Registered: 10-2003
| | Posted on Friday, May 14, 2010 - 11:37 am: |
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Picked up some more NAT this am, as the SP has dropped enough to create a .07 dividend yield as NAT raised quarterly dividend to .60 payable on June 1 to shareholders of record by May 19
Thanks DNDN.
Best, Robert |
Miloandbono
Registered Member
Username: Miloandbono
Post Number: 832
Registered: 08-2009
| | Posted on Thursday, May 13, 2010 - 08:05 pm: |
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Crude - $4.50 difference between June and July crude. $2.50 between July and August. June expires on the 20th, I wonder if all the big money is out of June already. We might see some wild action in the June contract before it's over. I'm not touching it next week. |
Miloandbono
Registered Member
Username: Miloandbono
Post Number: 831
Registered: 08-2009
| | Posted on Thursday, May 13, 2010 - 05:28 pm: |
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Massive volume in Crude today. The June and July contracts did about 750k contracts today. HUGE
I wonder if we put in a short term bottom based on volume but I wouldn't bet on it since the Euro sitting on the edge on new lows. |
Killernut
Registered Member
Username: Killernut
Post Number: 6190
Registered: 10-2003
| | Posted on Wednesday, May 12, 2010 - 10:45 pm: |
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I have read alot about the BP blowout well and this post has a great schematic that shows the details of all the stringers all the way down to 18K feet deep.
The thinking is that the cement at the very bottom between the 7" stringer and the 9-7/8 bore wasn't adequate either due to design or possibly intrusion of gas during the cementing process.
There is also question about a seal at the top of this stringer which either was not put in place or obviously did not stand up to the pressure when released from below.
Then of course the BOP at the sea level did not close properly and it looks like there was a hydraulic leak there as well as a dead battery that was supposed to trigger the final deadman fail safe.
http://www.investorvillage.com/smbd.asp?mb=4288&mn=50381&pt=msg&mid=8993334 |
Miloandbono
Registered Member
Username: Miloandbono
Post Number: 813
Registered: 08-2009
| | Posted on Sunday, May 09, 2010 - 10:45 am: |
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Oil spill - Barely talked about on Friday because of Thursday's market action. Clearly a plan executed by BP, RIG, and Goldman. (haha) |
Tychobrahe
Registered Member
Username: Tychobrahe
Post Number: 7211
Registered: 10-2003
| | Posted on Sunday, May 09, 2010 - 10:04 am: |
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I shudder at the thought of the first hurricane. |
Public_heel
Moderator
Username: Public_heel
Post Number: 11656
Registered: 12-2003
| | Posted on Sunday, May 09, 2010 - 09:21 am: |
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Good grief... |
Miloandbono
Registered Member
Username: Miloandbono
Post Number: 801
Registered: 08-2009
| | Posted on Thursday, May 06, 2010 - 01:15 pm: |
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PH - "You can take that to the bank."
You are public_heel on IV right? |
Miloandbono
Registered Member
Username: Miloandbono
Post Number: 798
Registered: 08-2009
| | Posted on Thursday, May 06, 2010 - 08:03 am: |
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Crude - Yesterdays pre market low was nearly a perfect 50% retracement of the Feb lows to the April highs. They didn't quite get down there in the regular session. It's at $79.14.
 |
Public_heel
Moderator
Username: Public_heel
Post Number: 11633
Registered: 12-2003
| | Posted on Wednesday, May 05, 2010 - 04:57 pm: |
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Oil down $6.50 in two days
HNR down 2%
IAE breakeven
MMT down 6% |
Public_heel
Moderator
Username: Public_heel
Post Number: 11622
Registered: 12-2003
| | Posted on Wednesday, May 05, 2010 - 03:11 pm: |
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ph, do you own SU? If so, that doesn't seem like a typical play for you. Any thoughts on that one?
I don't own SU, although I've made a lot of money on it in the past. It's kind of like SDRL, in that I'd consider a long position and keep selling calls. SU has two huge advantages, IMO... it's in Canada and it's not offshore. Imagine what would happen to that stock if there were ever a serious geopolitical upset to the world oil trade.
BTW, I saw a post from you on IV about CEN NR's. That was a bit sarcasm right? No factual truth right?
I have never been sarcastic, or even facetious, in my entire life, and I always tell the truth. You can take that to the bank. |
Miloandbono
Registered Member
Username: Miloandbono
Post Number: 793
Registered: 08-2009
| | Posted on Wednesday, May 05, 2010 - 10:57 am: |
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ph, do you own SU? If so, that doesn't seem like a typical play for you. Any thoughts on that one?
BTW, I saw a post from you on IV about CEN NR's. That was a bit sarcasm right? No factual truth right? |
Public_heel
Moderator
Username: Public_heel
Post Number: 11621
Registered: 12-2003
| | Posted on Wednesday, May 05, 2010 - 10:28 am: |
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Offshore/Onshore
IAE - off
ATPG - off
CEN - off
MMT - on
HNR - on
PTV - on
SU - on
SDRL - off |
Miloandbono
Registered Member
Username: Miloandbono
Post Number: 791
Registered: 08-2009
| | Posted on Tuesday, May 04, 2010 - 08:06 pm: |
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I posted crude was at $87+ yesterday. Tonight at 8 EST it's at $82.10.
WOW! It would seem most of that move was about dollar strength. |
Public_heel
Moderator
Username: Public_heel
Post Number: 11616
Registered: 12-2003
| | Posted on Tuesday, May 04, 2010 - 04:52 pm: |
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Acoustical switches and all that are nice, but they need something that an ROV, opertating 10,000' down, can handle... |
Miloandbono
Registered Member
Username: Miloandbono
Post Number: 790
Registered: 08-2009
| | Posted on Tuesday, May 04, 2010 - 04:36 pm: |
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thanks Killer! |
Tychobrahe
Registered Member
Username: Tychobrahe
Post Number: 7199
Registered: 10-2003
| | Posted on Tuesday, May 04, 2010 - 03:09 pm: |
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"Transocean has experience with the acoustical switch I am sure."
K/N, I'm sure they do. I just wonder if they have as much experience working in the tough regulatory environment of Norway. Maybe they do. Maybe they operate some rigs in Norway, I don't know. |
Killernut
Registered Member
Username: Killernut
Post Number: 6177
Registered: 10-2003
| | Posted on Tuesday, May 04, 2010 - 02:37 pm: |
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Tycho wrt your #4.
It seems to me that with the BOP failing as bad as it did the acoustical switch would have made no difference. The problem seems to be in the hydraulic/mechanical portion of the rams and/or the BOP isn't interpreting the signal to close at all. The last failsafe that obviously isn't working is with no control signal (which is the state of the BOP now) the shear rams should fail closed.
Transocean has experience with the acoustical switch I am sure. In fact look at page 3 and 4 of the below link which details where RIG has their rigs and you will see quite a few that obviously have the acoustical switches due to regulations.
http://www.deepwater.com/_filelib/FileCabinet/fleetupdate/Fleet_Directory/Fleet_ Directory_January.2010.pdf?FileName=Fleet_Directory_January.2010.pdf |
Killernut
Registered Member
Username: Killernut
Post Number: 6176
Registered: 10-2003
| | Posted on Tuesday, May 04, 2010 - 02:23 pm: |
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Milo, maybe not exactly alt energy or green but "a little greener." take a look at FSYS and WPRT. Both are plays on using more NG in transportation. They are the two most bantied about on the BRY IV board. I haven't really looked at them. |
Tychobrahe
Registered Member
Username: Tychobrahe
Post Number: 7198
Registered: 10-2003
| | Posted on Tuesday, May 04, 2010 - 10:03 am: |
|
1. Rick Perry's blaming God:
http://www.star-telegram.com/2010/05/03/2161105/perry-backs-offshore-drilling.ht ml
2. I heard a report last night that said that there's a cap of $75 million on BP's cleanup liability. Is this true?
3. It's interesting to see BP blaming Transocean. I suppose it's predictable, but it's a bit unseemly to me. Kinda like a couple of guys who get arrested for sticking up a 7-11 both blaming each other. Of course, if Perry's right, it it's an act of God, well . . . .
4. I can't read about Statoil without thinking about the contract they recently signed with Seadrill. I'm sure Seadrill is quite comfortable dealing with acoustic switches and other stringent requirements in Norway. I think this Gulf mess could even benefit them. They could possibly become known as the really safe driller:
http://www.salon.com/news/opinion/joe_conason/2010/05/03/norway/index.html |
Miloandbono
Registered Member
Username: Miloandbono
Post Number: 787
Registered: 08-2009
| | Posted on Tuesday, May 04, 2010 - 09:24 am: |
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Anyone have any "alt. fuel" or "green" stock favorites? |
Public_heel
Moderator
Username: Public_heel
Post Number: 11614
Registered: 12-2003
| | Posted on Monday, May 03, 2010 - 06:29 pm: |
|
I continue to believe there's a better than even chance that the Gulf situation will turn out way worse than people expect.
http://www.investorvillage.com/smbd.asp?mb=4288&mn=49636&pt=msg&mid=8948790
It simply is in the nature of companies and governments to be slow to recognize the seriousness of such disasters, and to resort to stalling, obfuscation and, finally, ineffective action when they do begin to recognize the problem.
Here's a scenario: either the pipe gives way or the remediation attempts wreck it, and we end up with a huge oil reservoir uncontrollably pouring its contents into the gulf at 50kbpd. People realize that the "relief well" is our last hope, and we fixate on that the way we'd fixate on an attempt to deflect an oncoming asteroid.
The relief well fails, and it is recognized that the whole idea was pretty farfetched all along. The oil field continues to empty itself into the Gulf, eventually spilling around Florida and getting into the Gulf Stream.
How long could this go on? I heard a reporter this morning ask a BP spokesperson, "how much oil is in the reservoir?". The implication is obvious, and the BP guy refused to answer the question. He was a lot more interested in trying to shift the blame onto RIG, et al.... |
Tychobrahe
Registered Member
Username: Tychobrahe
Post Number: 7195
Registered: 10-2003
| | Posted on Monday, May 03, 2010 - 04:28 pm: |
|
Norway? . . . Brazil? . . .
Regardless of whether we think they're a good thing or a burdensome and unnecessary expense, it looks to me like SDRL is used to dealing with these acoustic triggers. After the disaster in the Gulf, I can't imagine many oil companies are going to be telling drilling contractors, "Oh, we don't need those things. Leave 'em off."
http://online.wsj.com/article/SB10001424052748704423504575212031417936798.html |
