Comments on: “The Mother of All Oil Tax Breaks” Silk Road Investor http://www.stockgumshoe.com/2008/06/the-mother-of-all-oil-tax-breaks-silk-road-investor.html Frustrated or intrigued by email teasers from investment newsletters and advisers? We solve them and track their performance here ... so stick around, participate and subscribe (it's free)! Sat, 21 Nov 2009 05:52:09 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: StockGumshoe http://www.stockgumshoe.com/2008/06/the-mother-of-all-oil-tax-breaks-silk-road-investor.html/comment-page-1#comment-3893 StockGumshoe Tue, 01 Jul 2008 22:52:36 +0000 http://www.stockgumshoe.com/2008/06/the-mother-of-all-oil-tax-breaks-silk-road-investor.html#comment-3893 I think anyone who is positive that they can justify $140 versus $120 or $160 would probably do just as well flipping a coin -- I agree that oil prices should be high, but was $70 a year ago "high" or was $100 in January "high"? Is $140 today "high"? I have no idea whether prices are going up or down from here, though I doubt we'll ever see $35 oil again. I think anyone who is positive that they can justify $140 versus $120 or $160 would probably do just as well flipping a coin — I agree that oil prices should be high, but was $70 a year ago “high” or was $100 in January “high”? Is $140 today “high”? I have no idea whether prices are going up or down from here, though I doubt we’ll ever see $35 oil again.

]]> By: JesusIsLord http://www.stockgumshoe.com/2008/06/the-mother-of-all-oil-tax-breaks-silk-road-investor.html/comment-page-1#comment-3892 JesusIsLord Tue, 01 Jul 2008 22:35:28 +0000 http://www.stockgumshoe.com/2008/06/the-mother-of-all-oil-tax-breaks-silk-road-investor.html#comment-3892 Oh, in case you are interested with Matt Badialli's oil pick ATP Oil & Gas Corp ticker is: (ATPG) do your own due diligence always. I'm kind of weary of the oil bubble thats obviously forming. But that's just me. Are these revaluations really justified? Based on supply-and-demand concerns, crude oil may be undergoing a permanent revaluation. Here's what Ian Davis from Stansberry Research has to say: "I think a higher oil price is probably justified, in both gold terms as well as real dollar terms. New oil reserves are becoming more difficult and costly to obtain. Also, demand for fuel has grown at an unprecedented pace, as developing nations like China undergo modernization." Stock gum shoe, what do you think? Oh, in case you are interested with Matt Badialli’s oil pick ATP Oil & Gas Corp

ticker is: (ATPG)

do your own due diligence always. I’m kind of weary of the oil bubble thats obviously forming. But that’s just me. Are these revaluations really justified? Based on supply-and-demand concerns, crude oil may be undergoing a permanent revaluation.

Here’s what Ian Davis from Stansberry Research has to say:
“I think a higher oil price is probably justified, in both gold terms as well as real dollar terms. New oil reserves are becoming more difficult and costly to obtain. Also, demand for fuel has grown at an unprecedented pace, as developing nations like China undergo modernization.”

Stock gum shoe, what do you think?

]]> By: JesusIsLord http://www.stockgumshoe.com/2008/06/the-mother-of-all-oil-tax-breaks-silk-road-investor.html/comment-page-1#comment-3891 JesusIsLord Tue, 01 Jul 2008 22:28:17 +0000 http://www.stockgumshoe.com/2008/06/the-mother-of-all-oil-tax-breaks-silk-road-investor.html#comment-3891 Hey Sagenot, regarding, Comstock Resources (CRK) yes, Stansberry and Associates Research advisory letters. Particularly Dan Ferris' Extreme Value recommended in 8/12/2005. Matt Badialli, (The Oil Report) Now makes it clear its getting harder to find good Oil companys. "I recommended ATP May 13 at $38.47. It closed yesterday at $39.47, and we're up 1%. So maybe it's not my best recommendation ever. But it's getting tougher to find cheap, solid oil companies. I think ATP is one – give it time. I recommended the company because it wins awards for deepwater production technology. The CEO and management are brilliant, innovative, and motivated. ATP has a 98% success rate (since 1991) of taking nonproducing or undeveloped projects to production. Over the last three years, ATP's operations grew by triple digits, (sales by 314%, earnings by 427%, operating margins by 113%). It also added oil fields, platforms, and pipelines (which grew the book value by 688% and cash flow by 613%). We bought this remarkable company for less than $10 per barrel of reserves." Hey Sagenot,

regarding, Comstock Resources (CRK)

yes, Stansberry and Associates Research advisory letters. Particularly
Dan Ferris’ Extreme Value
recommended in 8/12/2005.

Matt Badialli, (The Oil Report) Now makes it clear its getting harder to find good Oil companys.

“I recommended ATP May 13 at $38.47. It closed yesterday at $39.47, and we’re up 1%. So maybe it’s not my best recommendation ever. But it’s getting tougher to find cheap, solid oil companies. I think ATP is one – give it time.

I recommended the company because it wins awards for deepwater production technology. The CEO and management are brilliant, innovative, and motivated. ATP has a 98% success rate (since 1991) of taking nonproducing or undeveloped projects to production. Over the last three years, ATP’s operations grew by triple digits, (sales by 314%, earnings by 427%, operating margins by 113%). It also added oil fields, platforms, and pipelines (which grew the book value by 688% and cash flow by 613%). We bought this remarkable company for less than $10 per barrel of reserves.”

]]> By: StockGumshoe http://www.stockgumshoe.com/2008/06/the-mother-of-all-oil-tax-breaks-silk-road-investor.html/comment-page-1#comment-3890 StockGumshoe Tue, 01 Jul 2008 17:46:54 +0000 http://www.stockgumshoe.com/2008/06/the-mother-of-all-oil-tax-breaks-silk-road-investor.html#comment-3890 I haven't checked the exact tax structure but it's a point well taken -- certainly just having a lot of oil in the ground does not a vibrant economy make. I haven’t checked the exact tax structure but it’s a point well taken — certainly just having a lot of oil in the ground does not a vibrant economy make.

]]> By: MarkAB http://www.stockgumshoe.com/2008/06/the-mother-of-all-oil-tax-breaks-silk-road-investor.html/comment-page-1#comment-3889 MarkAB Tue, 01 Jul 2008 17:27:04 +0000 http://www.stockgumshoe.com/2008/06/the-mother-of-all-oil-tax-breaks-silk-road-investor.html#comment-3889 My understanding is that anything above $22 a barrel in Russia is taxed at 80%. Read in a few blogs, any changes would have to be drastic. I know that PEMEX (Mexico) represents 40% of the economy, consequently there is no improvements in the infrastructure, diminishing output, and as of today no chance for anyone to participate. I see Russia in the same light. My understanding is that anything above $22 a barrel in Russia is taxed at 80%. Read in a few blogs, any changes would have to be drastic. I know that PEMEX (Mexico) represents 40% of the economy, consequently there is no improvements in the infrastructure, diminishing output, and as of today no chance for anyone to participate. I see Russia in the same light.

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