Jim Cramer said on the " Stop Trading " segment of CNBC last week that Chesapeake Energy's ( CHK ) decision to cut drilling by 17% would likely be a bottom for natural gas. Cramer also said several months ago Natural Gas was going to bottom at $8 and we hit $6.50. Cramer also said the stock market bottom was at 10,850 ( the July 15th Lows ) and we have since broken through that.
I'm not sure where Chesapeake Energy will cut drilling....will it be the Haynesville Shale, Marcellus Shale, or Fayetteville Shale? Or a combination of them all.....but Natural Gas does appear to be bottoming lately...many weeks after Cramer tried to call a bottom.
Once the stock market stabilizes and stops tanking every week, Oil and Natural gas will start to move back up higher. The problem is, so many hedge funds that own energy stocks are under water and are forced to liquidate these positions due to the redemption's or what have you.
I can tell you though, once the Dow, NASDAQ, S&P stabilize, these commodities will soar back up....especially in the beg of 2009.
Whether Jim Cramer will be right or not on CHK, we will find out soon. He has been dead wrong recently though on many bold calls. He needs to stop trying to catch falling knives and wait for a confirmation bottom to both the markets and energy prices. The problem is, he trys to call these bottoms but you will never hear him tell you he was wrong. He only tells you when he is right! Yikes!
www.oilshalegas.com
Showing posts with label cnbc. Show all posts
Showing posts with label cnbc. Show all posts
Saturday, September 27, 2008
Tuesday, September 9, 2008
CNBC - T. Boone Pickens 9/09/08 on Oil, Wind, Solar Energy, Natural Gas
Boone Pickens was on CNBC just now...he had this to say:
- $4 gasoline killed demand.....$4 was the price that killed demand for gas
- If Opec wants to support the price for Oil....they will balance the market for Oil.
- I want to get wind and solar energy started
- Natural Gas to fuel vehicles...as well as batteries.....the battery only does vehicles...it won't move an 18 wheeler. Natural Gas is the cleanest burning fuel.
- We are not going to drill our way out of this but it will help!
- 30% of transportation fuel used in America is used to move goods from one place to another ( via trucks )
- Companies need incentives to switch over to Natural Gas as a transportation fuel
- $4 gasoline killed demand.....$4 was the price that killed demand for gas
- If Opec wants to support the price for Oil....they will balance the market for Oil.
- I want to get wind and solar energy started
- Natural Gas to fuel vehicles...as well as batteries.....the battery only does vehicles...it won't move an 18 wheeler. Natural Gas is the cleanest burning fuel.
- We are not going to drill our way out of this but it will help!
- 30% of transportation fuel used in America is used to move goods from one place to another ( via trucks )
- Companies need incentives to switch over to Natural Gas as a transportation fuel
Wednesday, September 3, 2008
Haynesville Shale - Natural Gas Prices - Boone Pickens 9/03/08
Natural Gas prices have plummeted over the past few months going from $14 to the mid $7's. The question is, is the Haynesville Shale still economical to drill if Natural Gas falls even further?
Yesterday, Boone Pickens came on CNBC and stated he thinks there is a huge amount of supply in natural gas which the demand is not as strong as the supply. Boone Pickens says he thinks Nat Gas could even fall back to $6 in the coming months.
With $6 natural gas, how will small companies like Goodrich Petroleum ( GDP ) and Petrohawk Energy ( HK ) be able to drill the haynesville shale? The answer is simple, these companies could stop drilling the Haynesville Shale and drill the formations above it such as the cotton valley formation. If their stock prices get to low, you could see a Devon Energy, Chesapeake Energy, or XTO Energy swoop and and buy these companies out.
With low natural gas prices, you will see a decline in drilling, but this decline will cause supplies to fall and in the long term will stable the price for natural gas out.
The Haynesville Shale is here to stay!
Yesterday, Boone Pickens came on CNBC and stated he thinks there is a huge amount of supply in natural gas which the demand is not as strong as the supply. Boone Pickens says he thinks Nat Gas could even fall back to $6 in the coming months.
With $6 natural gas, how will small companies like Goodrich Petroleum ( GDP ) and Petrohawk Energy ( HK ) be able to drill the haynesville shale? The answer is simple, these companies could stop drilling the Haynesville Shale and drill the formations above it such as the cotton valley formation. If their stock prices get to low, you could see a Devon Energy, Chesapeake Energy, or XTO Energy swoop and and buy these companies out.
With low natural gas prices, you will see a decline in drilling, but this decline will cause supplies to fall and in the long term will stable the price for natural gas out.
The Haynesville Shale is here to stay!
Thursday, August 14, 2008
CNBC: Carl Icahn Buys Anadarko ( APC ) & Biogen ( BIIB )
CNBC is reporting that Carl Icahn increased his position in Biogen Idec ( BIIB ) and added to Anadarko Petroleum ( APC ). I'm pretty sure he also added Yahoo ( YHOO ).
Carl Icahn sold most of Time Warner holdings but has around 1.7 million shares left.
Anadarko Petroleum ( APC ) has 625,000 acres in the Marcellus Shale play as well as a position in the Haynesville shale in their East Texas area.
Carl Icahn sold most of Time Warner holdings but has around 1.7 million shares left.
Anadarko Petroleum ( APC ) has 625,000 acres in the Marcellus Shale play as well as a position in the Haynesville shale in their East Texas area.
Friday, August 8, 2008
T. Boone Pickens - CNBC 8/08/08 Natural Gas - Oil
This morning Boone Pickens was on CNBC talking about www.pickenplan.com his website for reducing our dependency on foreign oil.
T. Boone Pickens has been saying he wants to convince congress that we should switch to Natural Gas as transportation fuel like Gazprom is doing in Europe. Iran is actually switching over to Natural Gas fuel while exporting Oil. Boone Pickens says now is the time....and we need to get this underway soon so in five years we can rely on Natural Gas rather then oil for transportation fuel. ( If you are not aware, Oil is used to produce Gasoline that runs your cars )
This would bode well for the Haynesville shale and the Companies that are drilling this shale
Boone Pickens Oil Prediction - $4 gasoline is to much...demand destruction has come....its going on all over the world especially Europe. Gasoline goes back to $3.50, and then the trend starts back higher again. ( The same thing for Oil )
Boone Pickens is still long Oil through options....he still thinks we can go lower but eventually we will move back higher in oil prices.
T. Boone Pickens has been saying he wants to convince congress that we should switch to Natural Gas as transportation fuel like Gazprom is doing in Europe. Iran is actually switching over to Natural Gas fuel while exporting Oil. Boone Pickens says now is the time....and we need to get this underway soon so in five years we can rely on Natural Gas rather then oil for transportation fuel. ( If you are not aware, Oil is used to produce Gasoline that runs your cars )
This would bode well for the Haynesville shale and the Companies that are drilling this shale
Boone Pickens Oil Prediction - $4 gasoline is to much...demand destruction has come....its going on all over the world especially Europe. Gasoline goes back to $3.50, and then the trend starts back higher again. ( The same thing for Oil )
Boone Pickens is still long Oil through options....he still thinks we can go lower but eventually we will move back higher in oil prices.
Friday, July 25, 2008
XTO Energy XTO - John Najarian CNBC - Shale
John Najarian has come on CNBC this morning and states that yesterday XTO has seen very active call buying and institutional buying the last couple days.
He stated the last time XTO Energy was this low....crude oil was in the $70's.
He said if you want to play crude in a stock...this is the way to do it...usually it moves 2-1 higher or lower.
He also stated that XTO has been active in the Shale Plays which we already know!
XTO is active in the Following Shale Plays
Bakken Shale
Haynesville Shale
Marcellus Shale
Barnett Shale
He stated the last time XTO Energy was this low....crude oil was in the $70's.
He said if you want to play crude in a stock...this is the way to do it...usually it moves 2-1 higher or lower.
He also stated that XTO has been active in the Shale Plays which we already know!
XTO is active in the Following Shale Plays
Bakken Shale
Haynesville Shale
Marcellus Shale
Barnett Shale
Thursday, June 26, 2008
Fast Money Recap 6-26-08 Carter Worth - GM, C, Coal
CNBC Fast Money Stock Picks to Watch 6/26/08
Joe Terranova: Opinions
Want to get long the dollar? Buy UUP
Nucor NUE: I think you can buy this stock here
Pete Najarian: Opinions
Markets: QID - If you think the markets are going down...you buy this stock
ANR: I added to this today on the long side....continues to work
Nike NKE: I like NKE right here on the long side
COP: This stock is cheap....its trading way cheaper then a 12 P/E
L3 communications LLL: I think you can buy this
Guy Adami: Opinions
HAL: This stock is working...it will continue to do well
General Motors GM: You didn't see capitulation yet...it will be a buy in the next 3-4 trading day...just not yet
General Motors GM: It's not going away, I can tell you that right now.....if it goes to low someone might step ( like Kirk Kikorian sp?)
Nike NKE: you might have actually seen capitulation on NKE today
Karen Finerman: Opinions
Citigroup C: I was early buying this stock I didn't have my buy list out today because of Oil prices going up...I want to wait longer
Merck MRK: Its on my radar to buy
Carter Worth, Chief Market Technician, Oppenheimer & Co. Inc
Thinks market is fragile and broken.....thinks we will test 1200 on S&P average
http://oilshalegas.com http://blackberrystocks.com/fastmoney.html
Joe Terranova: Opinions
Want to get long the dollar? Buy UUP
Nucor NUE: I think you can buy this stock here
Pete Najarian: Opinions
Markets: QID - If you think the markets are going down...you buy this stock
ANR: I added to this today on the long side....continues to work
Nike NKE: I like NKE right here on the long side
COP: This stock is cheap....its trading way cheaper then a 12 P/E
L3 communications LLL: I think you can buy this
Guy Adami: Opinions
HAL: This stock is working...it will continue to do well
General Motors GM: You didn't see capitulation yet...it will be a buy in the next 3-4 trading day...just not yet
General Motors GM: It's not going away, I can tell you that right now.....if it goes to low someone might step ( like Kirk Kikorian sp?)
Nike NKE: you might have actually seen capitulation on NKE today
Karen Finerman: Opinions
Citigroup C: I was early buying this stock I didn't have my buy list out today because of Oil prices going up...I want to wait longer
Merck MRK: Its on my radar to buy
Carter Worth, Chief Market Technician, Oppenheimer & Co. Inc
Thinks market is fragile and broken.....thinks we will test 1200 on S&P average
http://oilshalegas.com http://blackberrystocks.com/fastmoney.html
Friday, June 13, 2008
CNBC Fast Money Recap 6/12/08
Latest Show: http://blackberrystocks.com/fastmoney.html
Fast Money Stocks 6/12/08
Jeff Mackie: Opinions
Apple AAPL: If Steve Job would leave....it would be very bad for the stock
CPI number tomorrow: CPI is going to be hot, confidence is going to be weak
Pete Najarian: Opinions
FTO: Calls very active
BYD: Alot of Call Buying
Guy Adami: Opinions
Yahoo YHOO: Now you could actually buy YHOO...it looks interesting around $22
Lehman LEH: Get long Lehman...stop out $20.25.....upside $26-$27
Karen Finerman: Opinions
Apple AAPL: Speculation on Steve Jobs weighed on AAPL stock today
Coal stocks are overvalued right now
Mike Darda: Opinons
The market is pricing in a series of rate hikes
Recap of 6/11/08 Fast Money Click Here
Fast Money Stocks 6/12/08
Jeff Mackie: Opinions
Apple AAPL: If Steve Job would leave....it would be very bad for the stock
CPI number tomorrow: CPI is going to be hot, confidence is going to be weak
Pete Najarian: Opinions
FTO: Calls very active
BYD: Alot of Call Buying
Guy Adami: Opinions
Yahoo YHOO: Now you could actually buy YHOO...it looks interesting around $22
Lehman LEH: Get long Lehman...stop out $20.25.....upside $26-$27
Karen Finerman: Opinions
Apple AAPL: Speculation on Steve Jobs weighed on AAPL stock today
Coal stocks are overvalued right now
Mike Darda: Opinons
The market is pricing in a series of rate hikes
Recap of 6/11/08 Fast Money Click Here
Friday, June 6, 2008
6/06/08 CNBC Fast Money Recap June 6th 2008
Go to http://blackberrystocks.com/fastmoney.html for up to date recaps and 2008 Top Stock Gainers http://blackberrystocks.com/topstocks.html
Fast Money Stocks 6/06/08
Jeff Mackie: Opinions
Oil: It's a bubble....but people go out of business with Oil at $150
Oil $150 by July 4th? Yes, there and higher
Guy Adami: Opinions
Stay with what has been working, Natural Gas stocks, Coal stocks, Rail Stocks
Buy airlines on a dip
Intel INTC: INTC around $23 is interesting
CELG: I like Celgene here
Pete Najarian: Opinions
Stay away from financials, you don't need to be the first one in.
Stick with what has been working.....Technology is not broken
Buy rail stocks, they have pricing power
CSCO: Likes the dip as well as AAPL
AMLN, ISIS: Keep an eye on these biotechs
Oil $150 by July 4th? Yes
AAPL: I love what they are doing...expecting alot from Apple with the new Iphone
T: Like the pullback today!
Energy Conversion Devices ENER: Getting long this stock
Karen Finerman: Opinions
PPH: Bought some of this today...its defensive
Big Lots BIG: Lots of insider selling.....we are short
Joe Terranova: Guest
Oil: It's a different game now....oil going up so much so fastI see more crazy volatile trading in Oil and thats bad for the equity markets
Recap of 6/05/08 Fast Money Click Here
Fast Money Stocks 6/06/08
Jeff Mackie: Opinions
Oil: It's a bubble....but people go out of business with Oil at $150
Oil $150 by July 4th? Yes, there and higher
Guy Adami: Opinions
Stay with what has been working, Natural Gas stocks, Coal stocks, Rail Stocks
Buy airlines on a dip
Intel INTC: INTC around $23 is interesting
CELG: I like Celgene here
Pete Najarian: Opinions
Stay away from financials, you don't need to be the first one in.
Stick with what has been working.....Technology is not broken
Buy rail stocks, they have pricing power
CSCO: Likes the dip as well as AAPL
AMLN, ISIS: Keep an eye on these biotechs
Oil $150 by July 4th? Yes
AAPL: I love what they are doing...expecting alot from Apple with the new Iphone
T: Like the pullback today!
Energy Conversion Devices ENER: Getting long this stock
Karen Finerman: Opinions
PPH: Bought some of this today...its defensive
Big Lots BIG: Lots of insider selling.....we are short
Joe Terranova: Guest
Oil: It's a different game now....oil going up so much so fastI see more crazy volatile trading in Oil and thats bad for the equity markets
Recap of 6/05/08 Fast Money Click Here
6/05/06 CNBC Fast Money Recap
Visit http://blackberrystocks.com/fastmoney.html for live Fast money Updates!
Fast Money Stocks 6/05/08
Lehman Brothers LEH might preannounce earnings next week
Jeff Mackie: Opinions
Airlines finally have an excuse to fix their models....a slight buyer of airlines
Does not like the auto sector right now
Guy Adami: Opinions
Lehman LEH: The bottom may be in...but I think there is one more woosh ( down day )Wachovia WB: You can buy WB when they cut their dividend
Western Digital WDC: This you can buy this stock
AT&T: Thinks you can still own it here
NSM: Still cheaper here but Intel is a better buy
Gold: I don't like gold for the rest of the year
Pete Najarian: Opinions
Hewlett Packard HPQ: July 50 Calls active......should continue to go higher
Nasdaq Market NDAQ: Seems very cheap here
Karen Finerman: Opinions
Lehman Brothers LEH: I kinda of think a bottom is in.....a lot of money out there for new capital
If they do get new capital you might see the stock go up because if this
Mike Darda MKM Partners: Guest
Looking for +20k jobs tomorrow. He thinks this will drive the stock market up
Recap of 6/04/08 Fast Money Click Here
Fast Money Stocks 6/05/08
Lehman Brothers LEH might preannounce earnings next week
Jeff Mackie: Opinions
Airlines finally have an excuse to fix their models....a slight buyer of airlines
Does not like the auto sector right now
Guy Adami: Opinions
Lehman LEH: The bottom may be in...but I think there is one more woosh ( down day )Wachovia WB: You can buy WB when they cut their dividend
Western Digital WDC: This you can buy this stock
AT&T: Thinks you can still own it here
NSM: Still cheaper here but Intel is a better buy
Gold: I don't like gold for the rest of the year
Pete Najarian: Opinions
Hewlett Packard HPQ: July 50 Calls active......should continue to go higher
Nasdaq Market NDAQ: Seems very cheap here
Karen Finerman: Opinions
Lehman Brothers LEH: I kinda of think a bottom is in.....a lot of money out there for new capital
If they do get new capital you might see the stock go up because if this
Mike Darda MKM Partners: Guest
Looking for +20k jobs tomorrow. He thinks this will drive the stock market up
Recap of 6/04/08 Fast Money Click Here
Friday, May 30, 2008
CNBC Fast Money Recap 5/29 5/29/08 Dell - Visa
Fast Money Stocks 5/28/08
Jeff Mackie: Opinions
Thinks Oil is Topping
Buy Oil when its down $5-$6 in a day
Likes Merck here
Mackie owns Microsft MSFT
TRMP.....not buying it
Guy Adami: Opinions
Possible Oil Top
Dell is running the business better....big run, don't pile in...take profits
Likes Intel at $21-$22 ....likes it long term
Mastercard......big run...do not buy...easy money is over
Thinks you might have seen the bottom in Financials
Joy Global JOYG numbers were great.....buy on any pullback along with BUCY
Merck is cheap...you buy and stop out below $36.50
Buy Microsoft because its cheap
BUY TSO
Pete Najarian: Opinions
Oil Didn't break down yet but pulled back...below $120 is a breakdown
Sell Dell into this rally
Google impressive click numbers
Visa is still a BUY....
Norfolk Southern.......cheap stock
Still loves the coal stocks....JOYG, BTU, BUCY
Boston Scientific is a Buy
CHK CEO bought 600,000 shares.....Najarian likes this alot!
Karen Finerman: Opinions
Likes the Financials right now ..... Although shes not sure where the bottom is.
Big Lots BIG.....shorted today....not buying the run up at all
Likes C - Citigroup
Joe Terranova Guest: Opinions
Thinks Oil could test $120 Support
$120 Break in Oil could spark massive selling
John Najarian: Opinions
Likes DRI Darden, Kelloggs, Starbucks SBUX...they are hedged for inflation
Jim Cramer Mad Money 5/28/08Jim says he likes: Illinois Tool Works Inc. (ITW)
Jeff Mackie: Opinions
Thinks Oil is Topping
Buy Oil when its down $5-$6 in a day
Likes Merck here
Mackie owns Microsft MSFT
TRMP.....not buying it
Guy Adami: Opinions
Possible Oil Top
Dell is running the business better....big run, don't pile in...take profits
Likes Intel at $21-$22 ....likes it long term
Mastercard......big run...do not buy...easy money is over
Thinks you might have seen the bottom in Financials
Joy Global JOYG numbers were great.....buy on any pullback along with BUCY
Merck is cheap...you buy and stop out below $36.50
Buy Microsoft because its cheap
BUY TSO
Pete Najarian: Opinions
Oil Didn't break down yet but pulled back...below $120 is a breakdown
Sell Dell into this rally
Google impressive click numbers
Visa is still a BUY....
Norfolk Southern.......cheap stock
Still loves the coal stocks....JOYG, BTU, BUCY
Boston Scientific is a Buy
CHK CEO bought 600,000 shares.....Najarian likes this alot!
Karen Finerman: Opinions
Likes the Financials right now ..... Although shes not sure where the bottom is.
Big Lots BIG.....shorted today....not buying the run up at all
Likes C - Citigroup
Joe Terranova Guest: Opinions
Thinks Oil could test $120 Support
$120 Break in Oil could spark massive selling
John Najarian: Opinions
Likes DRI Darden, Kelloggs, Starbucks SBUX...they are hedged for inflation
Jim Cramer Mad Money 5/28/08Jim says he likes: Illinois Tool Works Inc. (ITW)
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