17
Apr

Wrap – Week Ended 4/15/11

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Comments to be included in the Monday post.

11 Responses to “Wrap – Week Ended 4/15/11”

  1. 1
    Zorgnak Says:

    OT
    Jim Grant interview. Worth a listen.
    Makes the case for gold/silver, commercial real estate and against Treasuries
    http://wealthtrack.com/

  2. 2
    zman Says:

    Saudi cuts production:

    http://www.bloomberg.com/news/2011-04-17/oil-market-is-oversupplied-with-crude-saudi-minister-ali-al-naimi-says.html

  3. 3
    Zorgnak Says:

    HDY
    I pass the following on not to start a holy war but hopefully to fill in the blanks with this speculative idea.
    Here are the reactions from my "in_law" geologist to comments made regarding HDY a bit ago. I did confirm he was previously with Amoco. He is not a principal in the project but he is long (small) the common when we posted back and forth on the subject of HDY. I'm also a very small potato long atm. Response is in bold.
         Zero production -" irrelevant at this stage of exploration"
         Zero wells drilled –  "           "           "             "          "
         No 3D data…".wrong; 3D has been shot"
         No traps on 2D data…".that's wrong. There are both structural and stratigraphic traps"
         Unstable government…."this government is as good as it gets in West Africa"
         Veracity of the concession..."I don't see evidence of any challenges "
         Non-producing country…"not explored yet"
         No oil shows…"seabed sampling found oil seeps"

  4. 4
    Zorgnak Says:

    TRGL  🙁
    http://naturalgasforeurope.com/french-shales-starting-scratch.htm
     

  5. 5
    BirdsofpreyRcool Says:

    zorg — thank you for posting the comments on HDY.  It's a pure exploration play at this point.  In an area that does not have current production.  But — as z has pointed out — bet the stock starts to run up when they start drilling their first well.
     
    Btw, was your in-law in Amoco's Houston office?  Is so, was it during the 1980's?

  6. 6
    Zorgnak Says:

    #5
    My son married the "in-law's" daughter last September, so I'm just getting to know (and like) my new family affiliation. I know the family did live in Houston before he retired and has moved since.We go back and forth casually on projects and people with whom he's still connected with in the biz as we talk stocks . Very nice guy. Beyond that, I wouldn't feel comfortable saying much more about what I know about his personal life.
    He was interested in the WVR idea,  He was with with Amoco when they had something going with coal bed methane in the San Juan Basin.He thought the area had promise and passed the information about the project to a friend who's a seismic operator in order for him to try to get some biz.
    In-Law's a small holder of WVR now.

  7. 7
    choices Says:

    http://www.nytimes.com/2011/04/17/us/politics/17wyoming.html?hpw
    WY energy boom=jobs-I'm sure not news to anyone here but prob has not yet penetrated the fog in DC.

  8. 8
    BirdsofpreyRcool Says:

    zorg — understand the reluctance to share info in a public forum.  We'll just say "it's a very small world," and leave it at that. 
     
    Tell your in-law to call Alan O'Hare (COO and Geologist at WVR).  Alan is not a very talkative guy… until you engage him in geology.  It is his lifelong passion.  I'm sure he would love to chat about the geologic concepts behind the 3 plays WVR is currently looking at.

  9. 9
    jy Says:

    Both Ray Leonard (pres & CEO) & Steve Barrett (V.P. Expl.) for HDY worked at Amoco in the past.

  10. 10
    BirdsofpreyRcool Says:

    jy — did you know them there?

  11. 11
    skimo Says:

    Here's Waxman et al playing into Salazar's hand. 🙁
    http://www.google.com/hostednews/ap/article/ALeqM5ghjewZpN2kZF0306S4OLN0axAWmA?docId=03423a334f364af8bc307250639ffffa

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