In the short term, there is worry that some projects may get delayed or cancelled because of the financial crisis. We don’t really know how much it will cost to get this oil. In the market, that’s where we are today. You have lots of companies here in which you can buy oil in the ground for under $10 a barrel… and remember it costs on average $25 a barrel to replace it. The U. Goldman Sachs says screw barrel for plastic injection mold machine it will be $95 by the end of 2010. Look at what oil did for the Middle East; the same kind of thing could well happen for Australia. It is an expensive way to look for oil. (And that makes it an Australian story too, as we’ll see. Granted, even these cost numbers will change. Chevron spent $2.That’s one of the more tame projects.Australia has lots of offshore natural gas. The government is certainly supporting LNG projects — it will add a gush of tax revenues to its coffers.-centric view of the world.The math is easy. And it’s a play that could potentially send your portfolio through the roof in 2010. And there is plenty of room for people to fudge numbers and make up stuff. We know that it will cost a lot.By owning one of the companies that make all of that stuff, you don’t take on the enormous risk that goes along with these huge capital projects.
https://www.batten-machinery.com/product/single-extrusion-screw-barrel/
So that average cost of reserves is likely to go higher.Of course, no one knows what the price of oil will be, but there is no shortage of forecasts. It already has supply contracts from India and China worth $60 billion and will surely get more before it opens in 2014. In the oil market, we’ll see more acquisitions. It’s going to be LNG boom times. It’s in the papers nearly every day. The WSJ article leads with this: “Big Oil never wanted to be here, in 4,300 feet of water far out in the Gulf of Mexico, drilling through nearly five miles of rock. But Sayce also shared with us the new discoveries made in Queensland, off the east coast. We’ve turned an historic corner in recent years. I don’t disagree, but we have to think beyond just the U. You really don’t need to know a lot about geology or oil to guess that this deep-water oil is going to be more expensive than the good old oil wells onshore. And then there is price risk — no one can say what the LNG will sell for or what kind of returns it might generate. Here’s everything you need to know…In Sydney one sunny morning, a group of readers and I met with Kris Sayce, editor of the Australian Small-Cap Investigator. — at least not in a big way and not anytime soon. Coal seam gas also can be converted to LNG. It sounds nice, but it’s a guess. It shows the average cost of reserves through the drill bit is about $43 per barrel, with the median (or midpoint) around $25 per barrel.The Most Important Thing to Remember As an Oil Investor
It’s no secret the oil market has been wildly inconsistent in recent years.The big energy companies are already moving in. In size, the emerging market economies are on par with the developed world.
With all these projects, it’s quite possible that in the next decade, LNG will surpass coal as Australia’s most valuable export. It’s cheaper and easier to grow reserves that way. There are cold boxes that turn the gas into liquid. There conical twin screw and barrel is a whole complex of stuff that has to be put together.”Yes, it is.That’s because the stock market is, after all, just a market. It’s hard to miss this story when you take a look at the Australian resource markets. One analyst quoted here said: “The numbers are phenomenal.We don’t know a lot, even though we put decimal points on lots of numbers as if we knew precisely.S. Eventually, prices correct. This is another of the great unknowns.S.Why Non-U. Simple as that. There are no constants. For most buyers, Australian gas doesn’t even have to pass through the congested Straits of Malacca, either. Goldman Sachs wrote in a research report issued in February of last year (230 Projects to Change the World) that the cost of bringing on additional oil sands project would come to $80–90 a barrel. (That is, the ability to import LNG and turn it back into a gas for consumer and industrial use. Woodside Petroleum, an Aussie oil and gas company, wants to be the leader in LNG by 2020.)Pressed against this new demand is an aging supply base in places. It also seems a more secure supply. Shell, BG Group, ConocoPhillips and Malaysia’s Petronas are among those developing projects in Queensland.”Moving Ahead into Uncharted WatersNow, you’ve probably heard of all the big deep-water oil projects. These are hard numbers, not soft guesses. The end screw barrel for plastic injection mold machine result is that non-U.Buying for less than replacement costs is one of my main compasses in investing — whether I’m buying potash mines or gold mines or factories or oil rigs or what have you. markets — or, more broadly, non-Western markets — matter more now than at any time since before the Industrial Revolution.
I would cite the 2008 reserve and finding cost study published by Howard Weil. And the amount of money going here is just staggering. Explorers continue to find sizable new discoveries, which means new projects may yet come on board. We can guess, but our guesses are frequently wrong. And fortunately, this is the most important thing to remember as an investor in oil: The market is still pricing proved oil reserves at less than replacement cost. That’s why you own oil stocks today.) As Sayce pointed out, Asia is the fastest growing market for LNG. When you look at them it’s mind-boggling. The media say one thing about it one day, and then say the opposite the next day.
. They will be the most expensive wells ever drilled. You want to buy oil companies when you can pick up proved oil reserves for a lot less than what it costs to produce them. Currently, Japan is the largest buyer of LNG. It’s a bet that some of the biggest energy companies are making right now – to the tune of more than $50 billion. The pie is split 50/50. There is special insulated pipe. The buying pressure will lift the price of oil stocks so that the disparity is not so great. Deutsche Bank says $65. All the major oil companies are moving farther offshore in their quest for oil. Markets Are Where It’s AtI’ve taken great pains to argue in past articles to you that we have to move away from a U. Figuring out these numbers is easier than guessing what the price of oil will be in the future. There are storage systems. Queensland has big reserves of coal seam gas. Some of the sub-salt discoveries involve drilling more than 30,000 feet. Recently, The Wall Street Journal ran a piece titled “Cramped on Land, Big Oil Bets at Sea. They will enjoy fat cash flows and swollen order books for years to come.”
Asian buyers love Australia because it’s closer. Meaning, that if you can lock in quality, low-cost, long-lived reserves today for only $15 a barrel or less — you should do it.The best way to play LNG, in my view, is to own the companies that put together the Erector Set that LNG needs to operate. Longer term, the case looks solid to me. For example, we really don’t know just how much oil the world will need.It’s simpler to own the companies that put it all together.S.
The LNG boom is really an Asia story. You can do this yourself and find out how much it costs for your favorite oil company to add a barrel of proved oil reserves by drilling for it.I could not make a more compelling argument for oil stocks than this.Last month, I wrote to you about the liquefied natural gas (LNG) boom, and we picked up a great way to play the growth in LNG spending over the next several years.The Gorgon project alone — a joint venture between Exxon Mobil, Chevron and Shell in Australia — will cost some $50 billion. It can’t know what the world will look like in 2030. What follows is another look with new information I gathered while in Australia. And the folks in Washington certainly don’t know what they’re talking about – or doing, for that matter. But that’s what gives you the opportunity today.6 million barrels a day by 2030, buy how does it know? It can’t know.But here is the trick. It happens all the time. If I can buy it in the stock market for less than it costs to replace those assets — and as long as I’m not buying buggy whips — then I’ve got a good chance of making money. As such, there are things we know about the oil industry, and there’s a lot more we don’t know. The growth in LNG production from Queensland alone has tripled in recent years. Department of Energy says we’ll need 106.S.But be advised, oil isn’t the only natural resource you should put your money into. The gas doesn’t have to pass through the war zones of the Middle East or the pirate-infested waters off Somalia.S.So the truth is, we as a whole really don’t know as much about the oil market as we think we do.So we have a good idea of what it costs to create a barrel of proved oil reserves today.In the case of oil, we are also looking at strong odds that the costs of producing a barrel of oil reserves will go up. Sayce talked about what could become Australia’s biggest resource boom yet.Going Down Under for LNGSo how will the market meet this surge in Asian demand? That’s where LNG from nearby Australia comes in.When it comes to oil, there are many numbers out there, but most of these involve a lot of guesswork. Australia is on its way to becoming to natural gas what the Middle East is to oil.S.7 billion over 10 years on just the first phase of a deep-water oil project in the Gulf. Most of these are in western Australia’s waters.In other words, it is cheaper in today’s market to buy proven reserves in the stock market than to drill for new ones.I often hear the objection that LNG won’t ever catch on in the U. In fact, you can pick up proved reserves for less than $15 a barrel. We don’t know how much it will cost at the end of the day to get this oil. They are all guessing. Japan and South Korea together make up 53% of current global regasification capacity. This is naturally occurring methane trapped by water deep underground.But if You Don’t Know Anything Else…There is one thing we do know.As a result of all this activity, Australia will challenge Qatar as the world’s largest LNG exporter.We don’t really know how much oil we’re discovering or how much will actually come to the market any time soon. For instance, there are old LNG fields in Malaysia and Indonesia coming to the end of their useful lives. There are other firms pushing ahead with aggressive LNG ambitions. There are opportunities elsewhere in the realm of natural resources, and one of the best comes in the form of gas. I mean $50 billion (the latest estimate) for Gorgon is a gargantuan bet — too big for any single oil company to go it alone, hence the joint venture. And you might be amazed as to where in the world you could find it…Profit from the Middle East of GasThere’s a gas powerhouse emerging in the Far East
https://www.batten-machinery.com/product/single-extrusion-screw-barrel/
So that average cost of reserves is likely to go higher.Of course, no one knows what the price of oil will be, but there is no shortage of forecasts. It already has supply contracts from India and China worth $60 billion and will surely get more before it opens in 2014. In the oil market, we’ll see more acquisitions. It’s going to be LNG boom times. It’s in the papers nearly every day. The WSJ article leads with this: “Big Oil never wanted to be here, in 4,300 feet of water far out in the Gulf of Mexico, drilling through nearly five miles of rock. But Sayce also shared with us the new discoveries made in Queensland, off the east coast. We’ve turned an historic corner in recent years. I don’t disagree, but we have to think beyond just the U. You really don’t need to know a lot about geology or oil to guess that this deep-water oil is going to be more expensive than the good old oil wells onshore. And then there is price risk — no one can say what the LNG will sell for or what kind of returns it might generate. Here’s everything you need to know…In Sydney one sunny morning, a group of readers and I met with Kris Sayce, editor of the Australian Small-Cap Investigator. — at least not in a big way and not anytime soon. Coal seam gas also can be converted to LNG. It sounds nice, but it’s a guess. It shows the average cost of reserves through the drill bit is about $43 per barrel, with the median (or midpoint) around $25 per barrel.The Most Important Thing to Remember As an Oil Investor
It’s no secret the oil market has been wildly inconsistent in recent years.The big energy companies are already moving in. In size, the emerging market economies are on par with the developed world.
With all these projects, it’s quite possible that in the next decade, LNG will surpass coal as Australia’s most valuable export. It’s cheaper and easier to grow reserves that way. There are cold boxes that turn the gas into liquid. There conical twin screw and barrel is a whole complex of stuff that has to be put together.”Yes, it is.That’s because the stock market is, after all, just a market. It’s hard to miss this story when you take a look at the Australian resource markets. One analyst quoted here said: “The numbers are phenomenal.We don’t know a lot, even though we put decimal points on lots of numbers as if we knew precisely.S. Eventually, prices correct. This is another of the great unknowns.S.Why Non-U. Simple as that. There are no constants. For most buyers, Australian gas doesn’t even have to pass through the congested Straits of Malacca, either. Goldman Sachs wrote in a research report issued in February of last year (230 Projects to Change the World) that the cost of bringing on additional oil sands project would come to $80–90 a barrel. (That is, the ability to import LNG and turn it back into a gas for consumer and industrial use. Woodside Petroleum, an Aussie oil and gas company, wants to be the leader in LNG by 2020.)Pressed against this new demand is an aging supply base in places. It also seems a more secure supply. Shell, BG Group, ConocoPhillips and Malaysia’s Petronas are among those developing projects in Queensland.”Moving Ahead into Uncharted WatersNow, you’ve probably heard of all the big deep-water oil projects. These are hard numbers, not soft guesses. The end screw barrel for plastic injection mold machine result is that non-U.Buying for less than replacement costs is one of my main compasses in investing — whether I’m buying potash mines or gold mines or factories or oil rigs or what have you. markets — or, more broadly, non-Western markets — matter more now than at any time since before the Industrial Revolution.
I would cite the 2008 reserve and finding cost study published by Howard Weil. And the amount of money going here is just staggering. Explorers continue to find sizable new discoveries, which means new projects may yet come on board. We can guess, but our guesses are frequently wrong. And fortunately, this is the most important thing to remember as an investor in oil: The market is still pricing proved oil reserves at less than replacement cost. That’s why you own oil stocks today.) As Sayce pointed out, Asia is the fastest growing market for LNG. When you look at them it’s mind-boggling. The media say one thing about it one day, and then say the opposite the next day.
. They will be the most expensive wells ever drilled. You want to buy oil companies when you can pick up proved oil reserves for a lot less than what it costs to produce them. Currently, Japan is the largest buyer of LNG. It’s a bet that some of the biggest energy companies are making right now – to the tune of more than $50 billion. The pie is split 50/50. There is special insulated pipe. The buying pressure will lift the price of oil stocks so that the disparity is not so great. Deutsche Bank says $65. All the major oil companies are moving farther offshore in their quest for oil. Markets Are Where It’s AtI’ve taken great pains to argue in past articles to you that we have to move away from a U. Figuring out these numbers is easier than guessing what the price of oil will be in the future. There are storage systems. Queensland has big reserves of coal seam gas. Some of the sub-salt discoveries involve drilling more than 30,000 feet. Recently, The Wall Street Journal ran a piece titled “Cramped on Land, Big Oil Bets at Sea. They will enjoy fat cash flows and swollen order books for years to come.”
Asian buyers love Australia because it’s closer. Meaning, that if you can lock in quality, low-cost, long-lived reserves today for only $15 a barrel or less — you should do it.The best way to play LNG, in my view, is to own the companies that put together the Erector Set that LNG needs to operate. Longer term, the case looks solid to me. For example, we really don’t know just how much oil the world will need.It’s simpler to own the companies that put it all together.S.
The LNG boom is really an Asia story. You can do this yourself and find out how much it costs for your favorite oil company to add a barrel of proved oil reserves by drilling for it.I could not make a more compelling argument for oil stocks than this.Last month, I wrote to you about the liquefied natural gas (LNG) boom, and we picked up a great way to play the growth in LNG spending over the next several years.The Gorgon project alone — a joint venture between Exxon Mobil, Chevron and Shell in Australia — will cost some $50 billion. It can’t know what the world will look like in 2030. What follows is another look with new information I gathered while in Australia. And the folks in Washington certainly don’t know what they’re talking about – or doing, for that matter. But that’s what gives you the opportunity today.6 million barrels a day by 2030, buy how does it know? It can’t know.But here is the trick. It happens all the time. If I can buy it in the stock market for less than it costs to replace those assets — and as long as I’m not buying buggy whips — then I’ve got a good chance of making money. As such, there are things we know about the oil industry, and there’s a lot more we don’t know. The growth in LNG production from Queensland alone has tripled in recent years. Department of Energy says we’ll need 106.S.But be advised, oil isn’t the only natural resource you should put your money into. The gas doesn’t have to pass through the war zones of the Middle East or the pirate-infested waters off Somalia.S.So the truth is, we as a whole really don’t know as much about the oil market as we think we do.So we have a good idea of what it costs to create a barrel of proved oil reserves today.In the case of oil, we are also looking at strong odds that the costs of producing a barrel of oil reserves will go up. Sayce talked about what could become Australia’s biggest resource boom yet.Going Down Under for LNGSo how will the market meet this surge in Asian demand? That’s where LNG from nearby Australia comes in.When it comes to oil, there are many numbers out there, but most of these involve a lot of guesswork. Australia is on its way to becoming to natural gas what the Middle East is to oil.S.7 billion over 10 years on just the first phase of a deep-water oil project in the Gulf. Most of these are in western Australia’s waters.In other words, it is cheaper in today’s market to buy proven reserves in the stock market than to drill for new ones.I often hear the objection that LNG won’t ever catch on in the U. In fact, you can pick up proved reserves for less than $15 a barrel. We don’t know how much it will cost at the end of the day to get this oil. They are all guessing. Japan and South Korea together make up 53% of current global regasification capacity. This is naturally occurring methane trapped by water deep underground.But if You Don’t Know Anything Else…There is one thing we do know.As a result of all this activity, Australia will challenge Qatar as the world’s largest LNG exporter.We don’t really know how much oil we’re discovering or how much will actually come to the market any time soon. For instance, there are old LNG fields in Malaysia and Indonesia coming to the end of their useful lives. There are other firms pushing ahead with aggressive LNG ambitions. There are opportunities elsewhere in the realm of natural resources, and one of the best comes in the form of gas. I mean $50 billion (the latest estimate) for Gorgon is a gargantuan bet — too big for any single oil company to go it alone, hence the joint venture. And you might be amazed as to where in the world you could find it…Profit from the Middle East of GasThere’s a gas powerhouse emerging in the Far East
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