OK.! I'm SICK of the gloom and doom

[Peter3_1]

And I have an idea that's been perking for a year. Williston Basin/Bakken Shale oil and gas, And the Marcallus Shale. I want to start an "investment club", we'll concentrate on the two proved captioned plays. Develope a bundle of stocks (you know, like spyers, dogs of the dow, etc) using small investment amounts, and using an online broker, like Scott Trade. I have recently bought some pipeline stocks, Texas mostly, and they earm from a LOW of 8% to a  high of 12%. They have AMAZING p/e ratiors . Check ETP, for instance.

Anyway, I would like to have the bundle made od of suppliers, pipeline owners, drillers, leash holders, well owners, gas well owners and gas field contract holders,  AND ANYONE ELSE i THINK OF. i'M THINKING NOT A LARGE SUM TO START, say $500 each , then use earned money AND dividends to buy more. As I have time on my hands, I can be at the "trade desk" most days. I'd use a "boiler plate" contract for such a club as I don't reinvent the wheel every time I want to take a ride.

Remember, REGARDLESS as I've been working on this for over a year, I'm going to jump in. I an tired of m "fortune" not growing! Let me know if you have any thoughts.

If I'm the lone ranger here, as I think is most likely (after all you don't know me from Adam's off Ox), I'll just report in on success/failure.

[Peter3_1]

Badcat. decided to jump back in the markert alone.

Bought Energy Transfer Partners (ETP)   $33.49 P/E  7.87

          El Paso Pipeline Partiners ( EPB)   $16.95 P/E 14.16
         
          Ferrelgas Partners         (FGP)     $12.23  P/E 26.34

         Enterprize Products Partners(EDP)  $18.68  P/E 21.67

plus I'm thinking of buying all three of the Atlas Energy stocke, they are Marcellus Shale plays, and have yields well over 10% and have been beaten bloody over the last month or so. I sure do hope we've hit bottom. And that the idiot falls back ten , punts, ald starts to figure out what his job really is. 


anyway here's the article rthat got my interest:
http://www.willistonnd.com/usrimages/Bakken.pdf

Interesting that the HEAT MAKES THE KEROGEN MATIURE INTO PETROLEUM OIL in the heat at depth.

Atlas intertests me because on the Penna and NYS ownership they hav e in the Marcellus Shale.

http://geology.com/articles/marcellus-shale.shtml

Plus I might actually visit the Marcellus Shale operations in the summer.

I put In $23K, EVEN $ split among the 4, and may go $5k total with the three Atlas companiers, tho two are "flyers".

I appreciate the matter of depth, but as some wells are already producing in Williston, the slant drill technique gets around some of the enviro-luddite-malthusian regulations. Anyway, if thiis  dioesn't help me' it surrely will help my grandkids! The latest g.Daughter is 2 mos. and by College, it should heve good value!

[Peter3_1]

ETP   $33.81  UP A TAD
EPB    $17.38   "   "   "
FCP    $11.86   DOWN A TAD
EPD    $18.95  UP A TAD

So I'm fractionally ahead. Maybe I should limit this to once a week.

[Happy Fun Ball]

Hey, what's wrong with Gloom and Doom?



But yeah in all seriousness, to paraphrase Rush, "If there's ever a recession, you don't have to participate."

[Peter3_1]

ETP 37.55  UP NICELY  $4 PER share
EPB  18.68  UP A TAD   $0.78 per share
FGP  14.06   "   "  "       $1.83
EDP  22.58   UP NICELY$3.91

Total cumulative  $10 X 250+ = $2500 (unrealized) profit since  3/20/2009 not great, but not so bas either, and I'm thinking ATLAS that has an interest in the Marcallus Shale (NYS, PENNA, ETC) MIGHT BE GOOD TO ADD. It has not been floated yet, but I think it has potential.

And don't forget, the captioned Co's all pay a dividend IN EXCESS of 10% based money spent in the purchase from  sales.

[Peter3_1]

ETP  $40.43 bought at $33.81  up $6.50
EPB  $18.90  bought at $18.68 flat still earning at over 8%
FGP  $15.90 bought at $12.23 up $3.00+
EDP  $25.34  bought at $18.68  up $5.50

So a few days ago I also bought:

Atlas Energy Resources LLC
ATN $17.715 TODAY $20.19 UP $2.50 + Erns over 12% dividend.

Eastern American Natural Gas TR
NGT $12.60 TODAY $25.00 YIELDING OVER 10% 8% on today's price.

So, If I had sold today, I'd have made a short term gain on the lot of almost $10,000. Not so bad, for a guy who prowls the web checking on who's doing what in the nat. gas and associated oil bus., is it?

[Lacarnut]

I like to dabble in oil and gas stocks. Have owned Chesapeake (CHK) for the last 2 months and it is up around 40%. They are the largest natural gas producers in the US. I owned ETP for a while until the bottom fell out. Exxon is not doing squat so I might dump them soon.

A great oil company that will take off like a rocket in the future is Denbury (DNR). They are injecting old wells with CO2 and running pipelines from MS to TX. This procedure has been very profitable in MS but now they are expanding to LA;I have an old well in the Delhi Field that they will be spiking. I think the pipeline is about 75% complete and they are building huge storage tanks. This company also has a lock in the south for purchasing CO2 which will be a big money maker for them when the dumb asses in DC start selling carbon credits. They also own a great deal of acreage in north LA in the largest gas field in the US which is still in its infancy stages.

I am going to sit on the sidelines for the summer to see how the economy is going to shake out. The market is probably in for a correction. When Denbury starts up production in this huge oil field in Louisana, I will bet the farm. 

[Peter3_1]

I am looking for income, and not so much trading. I looked at Chesapeak too, and saw no dividend. Exxon doesn't have much either....and my Cap. gain is good there...

With this current admin., I may have to change my game plan, tho., as they seem intent on crushing the economy. Nat. Gas. has the advantage of being easily piped, is found in damned near all sedementary rock, found as a caltrate underwater and in permafrost all over in VAST quantities (eg: shale deposit:plenty in the Bakken Formation/ Williston Basin clathtrate plenty in ANWR)), AND IT CAN BECOME DIESEL, SYNTHETIC GASOLINE AND LUBRICATION OIL, used stright out of the pipeline to heat and cook, used in fuel cells, cpwer cars/trucks direct as CNG with conversions iof existing vehicles costing about $3,000 and on and on.

[Peter3_1]

More here, 30 years ago a friend , Tom Norton,  CO-held a patent for seperating petroleum oil from salt water across a reverse osmosis membrane in commercial quantities. aBOUT 2 YEARS AFTER BEING AWARDED the patent he vanished completely out of his Apartment and may still be dissapeared.  I was wondering if anything became of the patented process ? The patent should be expired by now and in the public domain.

[chris_]

More here, 30 years ago a friend , Tom Norton,  CO-held a patent for seperating petroleum oil from salt water across a reverse osmosis membrane in commercial quantities. aBOUT 2 YEARS AFTER BEING AWARDED the patent he vanished completely out of his Apartment and may still be dissapeared.  I was wondering if anything became of the patented process ? The patent should be expired by now and in the public domain.

I came across an article earlier this week that claimed oil is naturally released by the earth into the ocean ever year as was released at the Exxon Valdez spill.

I'll see if I can look it up later.

[Lacarnut]

I am looking for income, and not so much trading. I looked at Chesapeak too, and saw no dividend. Exxon doesn't have much either....and my Cap. gain is good there...

With this current admin., I may have to change my game plan, tho., as they seem intent on crushing the economy. Nat. Gas. has the advantage of being easily piped, is found in damned near all sedementary rock, found as a caltrate underwater and in permafrost all over in VAST quantities (eg: shale deposit:plenty in the Bakken Formation/ Williston Basin clathtrate plenty in ANWR)), AND IT CAN BECOME DIESEL, SYNTHETIC GASOLINE AND LUBRICATION OIL, used stright out of the pipeline to heat and cook, used in fuel cells, cpwer cars/trucks direct as CNG with conversions iof existing vehicles costing about $3,000 and on and on.

If the dumb asses in DC would plow all investments from solar, ethanol and wind into natural gas pipelines and CNG infrastructure, it would have a much greater effect on reducing our dependence on foreign oil and would be cheaper for consumers.

Several months ago, the Air Force flew a plane coast to coast and back on a mixture of gas and liquefied coal that cost less than jet fuel. However, it looks like the government is hell bent on taxing the crap out of oil and subsidizing green energy to the hilt. 

[Peter3_1]

Yes, the fools are. Arsnic, if you sold it as the GREEN version, would whiz out the door at inflated prices!!!   There is no such thing as "green" energy. Everything has an impact, and the less concentrated, the larger the overall impact. Solar takes up the most area because it is INEFFICIENT AND "thin" on the ground. A Commercially viable direct solar plant covers 10,000 square acres! A natural gas plant producing the same energy covers 20 acres....

"green" electricity in windmills kills birds like a giant mixmaster. Bats too, I'm told. Plus, they break down and are even less efficient than solar cells.

TO DATE there is nothing more efficient converting sunlight to useable energy than photosynthisis. Sunlight, water, CO2 and BINGO, GLUCOSE and oxygen for us to breathe! How perfect is THAT? 

tHE ANSWER until fusion can be sussed out , is nuclear and fossil fuels/methane. Anything else out of Obama's mouth is more piffle.

[Peter3_1]

ETP ClOSED TODAY  AT $42.99
EPB closed             at  $17.43

FGP closed             at $ 15.59
EPD  closed            at $ 25.61

aTLAS   closed at        $22.03

Eastern American at     $24.55  so overall up nicely and the interest/earniings are holding.

So far, so good.

[5412]

And I have an idea that's been perking for a year. Williston Basin/Bakken Shale oil and gas, And the Marcallus Shale. I want to start an "investment club", we'll concentrate on the two proved captioned plays. Develope a bundle of stocks (you know, like spyers, dogs of the dow, etc) using small investment amounts, and using an online broker, like Scott Trade. I have recently bought some pipeline stocks, Texas mostly, and they earm from a LOW of 8% to a  high of 12%. They have AMAZING p/e ratiors . Check ETP, for instance.

Anyway, I would like to have the bundle made od of suppliers, pipeline owners, drillers, leash holders, well owners, gas well owners and gas field contract holders,  AND ANYONE ELSE i THINK OF. i'M THINKING NOT A LARGE SUM TO START, say $500 each , then use earned money AND dividends to buy more. As I have time on my hands, I can be at the "trade desk" most days. I'd use a "boiler plate" contract for such a club as I don't reinvent the wheel every time I want to take a ride.

Remember, REGARDLESS as I've been working on this for over a year, I'm going to jump in. I an tired of m "fortune" not growing! Let me know if you have any thoughts.

If I'm the lone ranger here, as I think is most likely (after all you don't know me from Adam's off Ox), I'll just report in on success/failure.

Hi,

I am going to pass along some personal experience.  I have an investment advisor who is very knowledgable of the global markets.  At the end of April we purchased four stocks:

GG Goldcorp                          Purchase price $29.45   closed today at $35.75

PAAS Pan American Silver                             $17.62                        $22.15

ABX  Barrick Gold                                         $29.69                        $35.06

SLW  Silver Wheaton                                    $8.04                         $10.18

Now, because he is outside the US, he converted my US dollars to Canadian Dollars and bought the stock in Canadian dollars.  I bought the loonies at $ .82 and today they closed at $ .90 so I have made profit not only on the stock but and additional 10% on the currency.

If one wants to invest and spread his risk, he can no longer be safe owing a bunch of companies in different industries if it is all denominated in US dollars which have been declining steadily over the last 20+ years and will continue to do so with the defecit government spending etc.  To hedge your bets against inflation you might want to check out some ETF's like FXE, FXY, FXA, and FXC.  The one which is being currently touted is the Australian dollar and it has done well.  I bought a small amount of FXA and today received my first dividend check which was nice.

Now, I am in the process of trying to learn how the true global thinkers think and invest so I have signed up for a couple courses, the most significant one on currency trading.  I have no intention of trading currencies, highly leveraging trades, etc.  I am trying to figure out why one currency goes up while another goes down.  First thing I learned is that trading currency is what they call a zero sum game, when one goes down another goes up in the same proportion.  Unlike stocks when they can all go down, that is impossible in the currency markets as one currency is sold against another.  Say you bought Swiss Francs (CHF) with US Dollars (USD) you are basically saying that you think the dollar will go down while the franc goes up.  Using the Aussie dollar for example.  If you think it is going to go up against the US dollar you buy FXA...if you think the US Dollar will go up and the Aussie dollar down, you short FXA, just be sure to put in a stop loss.  Good news is the swings I have seen in currency prices is not quite so volitale as stock in any given day unless something very unusual happens.

In the last 20 years the franc has doubled in price as compared to the dollar for a number of reasons, not the least of which is they are one of the currencies that are restricted by their government.  When our US dollar was backed by gold, the federal reserve was limited by the amount of money they could print.  If we were 20% gold backed, by law they were not allowed to have any more currency in circulation that did not meet that criteria.  They would take the number of gold ounces owned by the federal government, multiply it by the current price of gold and then they could use that number to determine just how much currency they were allowed to have in circulation.   Were we still on the gold standard BO could not have done what he did......

When one is in or expecting high inflation, they should consider investing in currencies of countries that export oil or metals that are denominated in dollars.  That is why he chose the CAD, because they are big exporters of oil.  When the fact that our government is printing up money hand over fist, that will indeed be reflected in the price per barrel of oil, and for many of us I see $5+ per gallon at the pump becoming a reality.  That of course would delight the libs and particularly Al Gore. 

You may also want to check Everbank in Jacksonville, FL, they have a website.  They sell CD's (insured by the FDIC) denominated in foreign currencies so not only do you get the interest on the CD, you also can profit from the currency.  The part I like best is one does not have to buy just one currency, they have several "bundles".  By that I mean this.  Say you had $10,000 to invest and you wanted to buy currency in oil exporting countires. If there were five currencies in that "bundle" you would get 20% of your CD invested in each of the five currencies.

You have every right to be concerned that you investment portfolio, including cash, is not returning a good yield and take pro-active measures to improve your position.  I would urge you not to get caught up in the hype, the recession is far from over (see the thread I started on that last week), so you need to focus on investments that give you good yields in this type of market.  I am not qualified, nor am I trying to be an investment advisor.  What i am trying to do with this post is share what I have learned.  I guess the biggest thing I can say I learned as I started this project is that I still have much to learn but I am starting to grasp the concepts that cause the fluctuations.

Good luck,

Regards,
5412

[Peter3_1]

OK, ALREADY BOUGHT bARRICK. gOT IT BACK AT $19.00 A WHILE BACK when it was cheap. Bought HP at $15.02, Royal Dutch Shell at $50.44, but lost on Quest and others.....

Been looking at Freeport-McMoRan Copper and Gold too, but missed the early run up off the lows.

Stocks of the providers of commodities sure seems logical to me at this point in time. As you prolly know, China told the Obama Admin. to pound salt with the fraudulent "carbon"  matter that the Admin. embraces.

THAT and the recent things going on with contractuql liabilities is making foreign investment  more attractive to me.