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To: not_prudent who wrote (167879)5/1/2012 12:24:20 PM
From: CommanderCricket
   of 186238
 
With the drilling push outs, CIE is going to be a very boring stock for the rest of the year. The only thing worth watching are the results of the Cameia-2 well in late June.

BTW - traders got the daily gap filled this morning when the share price slid under $25.

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To: elmatador who wrote (167880)5/1/2012 12:26:57 PM
From: Bearcatbob
3 Recommendations   of 186238
 
Magda Chambriard, the general director of the Brazilian Petroleum Agency made no apologies for seeking harsh penalties for environmental disasters.




There was NO environmental disaster!

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To: elmatador who wrote (167880)5/1/2012 12:26:58 PM
From: Bearcatbob
   of 186238
 
Duplicate deleted

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To: Salt'n'Peppa who wrote (167390)5/1/2012 12:28:54 PM
From: CusterInvestor
   of 186238
 
S&P--still looking at the June SH puts? Not a lot of open interest; looking at the June $35.

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From: CommanderCricket5/1/2012 12:37:40 PM
1 Recommendation   of 186238
 
Richard Chandler Corporation Announces Acquisition of Shares of InterOil Corporation

SINGAPORE, May 1, 2012 /CNW Telbec/ - The Richard Chandler Corporation announced today that Orchid Fund Pte Limited ("Orchid") has, on April 30, 2012, acquired beneficial ownership of 160,000 common shares (the "Acquired Shares") of the capital of InterOil Corporation (the "Issuer"), which represent approximately 0.33% of the issued and outstanding common shares of the Issuer. As a result of this acquisition, Orchid's shareholding in the Issuer is now an aggregate of 4,914,649 common shares of the capital of the Issuer, which represents approximately 10.21% of the issued and outstanding common shares of the Issuer. The Acquired Shares were purchased on the New York Stock Exchange at an average price of US$60.24 per common share.

As a result of this acquisition and applicable Canadian securities laws, each of Richard Chandler Capital Corporation ("RCCC"), RCCC's sole shareholder, Cosimo Management Limited (in its capacity as trustee of the R. F. Chandler Capital Trust, a discretionary trust) and RCCC's direct wholly-owned subsidiary, Richard Chandler Capital Corporation Pte Limited (which owns all of the shares of Orchid), is deemed to beneficially own the Acquired Shares.

The Acquired Shares were acquired in the ordinary course of business for investment purposes. Orchid, RCCC, Richard Chandler Capital Corporation Pte Limited and Cosimo Management Limited (in its capacity as trustee of the R. F. Chandler Capital Trust, a discretionary trust) may, from time to time and at any time, subject to applicable securities laws, acquire additional common shares of the Issuer and/or other equity, debt or other securities or instruments (collectively, "Securities") of the Issuer in the open market or otherwise may dispose of any or all of its Securities in the open market or otherwise, at any time and from time to time, and to engage in any hedging or similar transactions with respect to the Securities, in each case subject to applicable securities laws.

About the Richard Chandler Corporation

The Richard Chandler Corporation is a private investment group based in Singapore and founded by New Zealand-born entrepreneur Richard F. Chandler. The Richard Chandler Corporation's mission, Building Prosperity for Tomorrow's World,adopts a holistic approach to building sustainable prosperity through investments in financial and social enterprises. Since 1986, the Richard Chandler Corporation has provided capital to companies and governments from Asia and Africa to Latin America and Eastern Europe, and invested in a wide range of industries, such as telecoms, power, steel, banking and energy.

For more information, please visit: www.richardchandler.com

A copy of the report prepared in connection with the matters disclosed herein in accordance with applicable Canadian securities laws will be available at www.sedar.com or by contacting Richard Chandler Corporation at the address specified below:

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To: richardred who wrote (167672)5/1/2012 12:52:09 PM
From: richardred
   of 186238
 
Sold Long straddle on ECA today. Already covered the 1.10. spread. I'll let the puts expire worthless for all I care now.

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To: Keith J who wrote (167747)5/1/2012 1:21:19 PM
From: Keith J
   of 186238
 
Just for disclosure, I closed out the STX puts today with the continuing rally in shares.

KJ

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From: Bearcatbob5/1/2012 1:50:51 PM
   of 186238
 
Sweet ole John - what do the waves look like. In our favorites the tide is rising and I am smiling!

Also, the tape is telling me MMR may be well along in catching a fish. Man - I hope so!

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To: CommanderCricket who wrote (167881)5/1/2012 2:04:18 PM
From: profile_14
   of 186238
 
ECA is breaking out...

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From: elmatador5/1/2012 2:14:40 PM
   of 186238
 
Frustrated with high oil prices, Delta buys a refinery The move to cut out the oil middleman is the first of its kind Delta Air Lines announced plans Monday to purchase an oil refinery outside of Philadelphia, a novel approach to reducing its fuel costs. A Delta spokesman said the company believes the purchase is the first of its kind by a major U.S. airline.

Delta will buy the Trainer refinery for $150 million from Phillips 66, a company that is set to be spun off from energy firm ConocoPhillips on Tuesday. The purchase is expected to be finalized by the end of June.


"Acquiring the Trainer refinery is an innovative approach to managing our largest expense," Delta CEO Richard Anderson said in a statement. "This modest investment, the equivalent of the list price of a new widebody aircraft, will allow Delta to reduce its fuel expense by $300 million annually and ensure jet fuel availability in the Northeast."

Delta said it intends to spend $100 million to convert the refinery's existing infrastructure in order to maximize jet fuel production. The site, it noted, offers easy access to New York airports and Delta hubs LaGuardia and JFK.

ConocoPhillips shuttered the Trainer refinery in the fall. Refineries throughout the Northeast have been suffering because they are old and cannot process the cheaper, heavier types of oil that are increasingly in supply from Canada's oil sands, Saudi Arabia, Venezuela and elsewhere.

Richard Soultanian, an energy analyst and co-president at NUS Consulting, called the acquisition "a gamble." Delta, he said, is attempting "to take greater control over one of their biggest inputs," cutting out the costs added by speculators and marketing by intermediaries.

"Owning and operating a refinery is a very different business than what they're accustomed to, so I'll be curious to see how they do that," Soultanian said. "It could be a brilliant move, or it could be an absolute disaster -- only time will tell at this juncture."

BP ( BP) will supply the crude oil refined at the facility, which will be operated by Delta subsidiary Monroe Energy. Jet fuel production is expected to begin during the third quarter of this year.

The facility will also produce other products, such as gasoline and diesel, that Delta will exchange for jet fuel produced by BP and Phillips 66. These exchanges, combined with the refinery's jet fuel output, will cover 80% of Delta's fuel needs in the U.S., the company said.

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