Steven Ward

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    • A Capitol Idea: Adding D.C.-Focused REITs to Your Portfolio
      Dr. Kris you hit the nail on the head when you cited defense spending cuts affecting the REITS. The money moved from defense to other areas probably will not be concentrated in DC but be spread around the country.
      Dec 20 13:53 pm |Rating: 0 0 |Link to Comment |View article
    • $35 Oil: Steve Forbes Was Off by Two Years
      Churchill once said that public figures should always prognosticate. That way they get into the public eye twice, Frst their original prediction, the second: explaining why their prediction did not come true.
      Dec 20 13:27 pm |Rating: 0 0 |Link to Comment |View article
    • OPEC's Power to Influence Oil Price Slips Away
      It takes OPEC 18 to 24 months to get the price off a floor. That's been the history. They can't keep the price high but they can drag it off the floor. give it two years.

      Venezuela and Iran will cheat like crazy until the saudis put it to them.
      Dec 19 23:54 pm |Rating: 0 0 |Link to Comment |View article
    • Short of a Sale, Oilexco Will Go Bankrupt - Tristone Capital
      Nexen or Talisman would be a good buyer here or maybe a Dana with another partner.Endeavour Internationalkeeps looking for opportunities but probably too big for them.
      Maybe they wait to pick the bones in a BK.
      Dec 19 23:51 pm |Rating: 0 0 |Link to Comment |View article
    • EOG's Hat Trick
      The Bakken may not be as expensive to drill as previously thought to be. Particularly with an established field developed at higher oil prices.Here EOG has an advantage.
      Dec 12 10:45 am |Rating: 0 0 |Link to Comment |View article
    • UTS Energy Financially Solid, But Needs Help With Fort Hills - UBS
      UTS does not control its destiny. At best it is a warrant on higher oil prices. OPTI maybe a better such "warrant", it at least has production, but what are all these late comers costs for oil sands, maybe as high as 80 a barrel.
      Dec 12 10:37 am |Rating: 0 0 |Link to Comment |View article
    • Canadian Energy Trusts Look Cheap: Harvest Is Well Positioned
      The market discounts 6 months out to a minimum. HTE's
      price is a reflection of further dividend cuts.
      Dec 12 10:33 am |Rating: 0 0 |Link to Comment |View article
    • Expect OPEC to Cut Production
      Saudi's have 2 fields comming on stream with a total of 45 billion barrels. Not easy to cut back. Politically, the Saudis want to push the Iranians to the wall.

      I'll go with smurphy right now. Georealist maybe in 18 months.

      Dec 08 13:51 pm |Rating: 0 0 |Link to Comment |View article
    • Analysts Ecstatic Over Baytex Energy
      BTE's biggest "value potential" is in her heavy oil with the wild discount swings heavy oil has seen the last 3 years.

      Her Seal assets are like PWE's oil sands assets, management brings it out and talks about the potential and little gets done.BTE lives and maybe dies with her Frontier Refinery contract. Watch how that goes.
      BTE should eliminate the dividend and get on with the E&P operations. The shareholder will be better off in the long run.
      Dec 08 13:43 pm |Rating: 0 0 |Link to Comment |View article
    • King Coal or King Saud?
      I am now considering my first investment in coal. Why? Because of all the negativity and the falling prices.
      Congress has not treated coal well. If that's not contrarian than I don't know what is.

      I love bankrupt utilities. Most recover and do well such as LILCO and Columbia Gas.
      Obama can make us a fortune if we just think in reverse.
      Dec 08 13:35 pm |Rating: +1 -1 |Link to Comment |View article
    • The Loonie - A Petro-Currency
      Canada's political problems do not seem to be easily resolved. Harper wants fiscal responsibility and the majority in Parliament don't.

      The well managed Canadian dollar could go the way of the Dodo if the majority has its way.
      Dec 08 13:28 pm |Rating: 0 -3 |Link to Comment |View article
    • Where Is Penn West Energy Trust Going?
      With 600 management people on a so called Trust structure, Obama should look at this for full employment opportunities in the US.
      Dec 08 10:17 am |Rating: +2 -1 |Link to Comment |View article
    • Is an Oil Rebound Imminent?
      I worked for Amoco oil Co. for 20 years and all through the process, except for the North Sea production in the 90's, OPEC, particularly Saudi Arabia, held the keys on the supply side.
      Since inception OPEC has never been able to maintain a consistent high price level. In that way it is a failure as acartel.But OPEC has been able to demonstrate a remarkable ability to drag the price of oil off the floor. But here it has always taken them 18 to 24 months to get that done. The result was to put in a higher floor, not a ceiling. Thus prices moved up slowly.
      Now the Saudis are no longer willing to be the swing producer and they have no desire to see any further of their investments tank to zero in the West, so low oil prices maybe with us alot longer than expected.
      Dec 07 13:12 pm |Rating: 0 0 |Link to Comment |View article
    • Oil Spills Over the Edge
      To Fred Banks and Mangolfer: you arte right, columnist is wrong.
      Dec 05 12:23 pm |Rating: 0 -1 |Link to Comment |View article
    • Canadian Royalty Trusts in Need of an American Revolution
      To Glen Breaks, thanks for the info. Also, I'm not happy that Canadians maybe mis-treated on their US investments.

      A lower distribution with a tax credit. Sounds like the old definition of a tie football game, "like kissing your sister".
      At least you get the tax credit and I'm sincerely happy for fellow my fellow Canadian investors.
      I've never argued for one world government, just look at the UN. yuk!!!
      But Canada is a member of the English speaking family of countries as is the US and with an established legacy of property rights.
      Canada and the US as well, should live up to the ideal if not the letter of property rights.
      That should be on the NAFTA renegotiation for both countries.

      On the investment side: the Canroys should convert sooner as I opined in my first article. I strongly believe that the defenders of any delay are still chasing yield and that is not good for their overall return.
      Nov 30 21:13 pm |Rating: 0 0 |Link to Comment |View article

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