Posted on 05/14/2009 7:24:06 AM PDT by mnehring
A short but rather accurate analysis I would say.
The chemistry numbers on natural gas are favorable for release of carbon vs. other stuff.
The direction is wholly lacking in vision because it will not bridge to the future very long but nobody seems to care much about the future anymore anyway.
The Friesian #2 well, operated by PXP (50% working interest) was drilled to a total depth of 28,989 feet and encountered approximately 389 net feet of oil saturated Miocene aged sands with three main sand lobes encountering more than 210 net feet of high quality oil pay plus a fourth sand lobe encountering 179 additional feet of oil pay that was not fully evaluated. These four pay sands, all full to base with oil, are the uppermost field pays at the prolific Tahiti field approximately eight miles to the west across the basin syncline. Existing data show strong correlation, both geologic and pressure, from the initial Miocene field pay sands at Tahiti to the drilled portion of our Friesian #2 well.
http://investor.plainsxp.com/phoenix.zhtml?c=132091&p=irol-newsArticle&ID=1249930&highlight=
“There is absolutely no point in reporters asking Obama or Emanuel where they are taking the county. They should just aks Soros his opinion instead.”
No. Ask the teleprompter.
it’s not complicated. The forward price of gas is going up
I tend to agree with you.
Soros is evil - but he is also an investor with a known position on betting against the Dollar.
If Obama & Co. keep doing what they are doing (printing trillions out of thin air) - and hyperinflation does become realty in the next year or two, owning a large chunk of companies like Plains would be an excellent hedge.
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