Cardboard

"Hydrogen is a way to store energy. It's not a source of energy (at least not on earth)." Ever heard of combustion? ::) Cardboard

Yes and it is only Q3 with the two strongest quarters next. Add to this reduced financing costs and a significantly increased credit line and you have the recipe for growth and eye popping earnings increase. All lining up for a virtuous circle ;D Cardboard

"Humans are too smart to continue digging hydrocarbons out of the ground and burning them at 30-60% thermal efficiency." Indeed, they have been very smart to do just that since fossil fuels are the energy and the battery at the same time. 30-60% thermal efficiency using such a flexible energetic/storage package is hard to beat. As I mentioned before, hydrogen is the closest substitute and CO2 free. Then you have to think also about the amount of toxic waste that lithium batteries and their compounds along with the exploitation of rare earth metals is creating. None of that for hydrogen. Thankfully, I am not alone thinking in that direction and expect more discoveries in the years to come: https://www.cnbc.com/2017/10/27/in-the-future-zero-emission-hydrogen-boilers-could-heat-your-home.html Cardboard

T.CONA, T.BRY, T.PPR Some of the most undervalued stocks on the Planet. Cardboard

$55 WTI and financing renewals without dilution (larger ABL too for growth) means the beginning of the ascent to $2+ for Bri-Chem! ;D http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aBRY-2523472&symbol=BRY&region=C Cardboard

Yes and Chinese companies are notorious for not making good on their offers: delays, issues accessing cash, straight deal cancellation. Cardboard

I have noticed over the years that Warren Buffett's proteges do this trimming around positions on almost any large move in price. However, no such apparent thing from Warren himself. As a smaller investor, I believe that if you are exposed to a lot of undervalued companies and ideas that trimming on any unexplained move will be easier. However, if you only hold less than say 10 stocks and have nothing on your radar, what do you do with the proceeds? Add to your 2nd largest holding that hasn't moved? If not, moving it to cash while you still think that you hold a potential double or even more will be a hard choice. So psychologically, I think it makes it tougher. So if it is easier with many ideas or holdings, you need to spend more time researching to obtain a diverse enough set of ideas competing for your capital. Cardboard

"Yup, due to an NDP governement." Yup, they elected that government. So based on your beliefs, Albertans must be real geniuses instead of stupid redneck demagogues driving pick-up trucks as you called them. Cardboard

Or maybe he believes as I do that you can't cutoff the world from fossil fuels today and turn the switch ON to full renewable tomorrow. A concept that seems foreign to some board members. http://www.latimes.com/business/la-fi-warren-buffett-energy-20170724-story.html Also, before trashing and insulting Albertans as one board member has successfully done, one should realize that they will be totally out of coal power generation by 2030. Interesting that Buffett and Co. do not plan to shutdown this power source to none other than California until 2036: "Meanwhile, the company’s Western utility, PacifiCorp, which powers homes in Oregon, Washington and California and feeds California’s electric grid, operates on 62% coal. PacifiCorp doesn’t expect to completely shut down its coal operations until 2036." Cardboard

Finally some reaction!!! ;D I have been telling people on here for months that we have a ton of hypocrites on this board. They are rich parasites of the deformed capitalist system: benefit immensely from the capitalist system via their investments/better jobs due to more opportunities, then push for large social programs so they don't have to pay. Then they call themselves better than everyone else because they care about their fellow human beings... And let's call the hypocrisy on that too since the real reason is to keep the poor fed and quiet so that barbarians don't come too close to the gate! They then try to lecture us on how to measure happiness, how Denmark is so great, etc. Just remember that nothing is free. Someone has to pay for it. Jeffmori7 calls himself a scientist. Not sure in what specialty or if he even delivers anything of value to society (seems to spend a lot of his time on this board on company time?). But, maybe he would understand the First Law of Thermodynamics? Guess what? It is the same in economics. Must be some redneck demagoguery? :o So you can pride yourself as a self declared warrior on climate change but, realize that your actions of blocking everything related to fossil fuels, such as the development of natural gas, is contributing to more CO2 generation as nations importing energy are forced to burn coal and to develop more polluting energy sources. Your impatience in this transition is aggravating worldwide CO2 generation which I think is the relevant issue and not Quebec CO2 generation. Same goes for your statements of not developing more hydro in Quebec for export purposes or even energy self sustaining purposes as yes, Quebec burns a ton of natural gas coming all the way from Alberta. Hydro Quebec has been asleep at the wheel. They feast on 60's and 70's projects with little to show for going forward. They should be world leaders in developing ultra high voltage transmission lines while we see no better than average and at extracting every ounce of that hydro. As a so called scientist, you surely must understand that a continually flowing fluid such as water contains a lot more kinetic energy than a highly variable mass of moving air? Then we have the government selling the hydro electricity for below market rates (yes you need to look at what it sells for when you put foot outside your fief) which creates a dependency and a lack of effort by Quebecers for energy efficiency. In the end, all of this contributes to more CO2 generation globally and not less. Cardboard

"because you are too stupid to plan" Now you call fellow Canadians stupid? Interesting that you told me in private previously that you voted for PQ before? Voted Yes for separation in 1995? What would that make you? Cardboard

Because it goes deeper than that. Is there someone posting? "Oh watch! The latest Chevy Model Whatever is now doing 45 miles/gallon" Nope! What we have are promoters including Liberty of one way of thinking. The problem is that they do not want to discuss the full picture which has to include subsidies. And since we are talking about Berkshire and Mr. Buffett who gladly accepts all subsidies and does all he can to defer taxes, we should also discuss why he refuses on the other hand to purchase surplus power from homeowners in Nevada who have solar panels? Cardboard

About everything that I mentioned is reinforced by Jeffmori7 and Longinvestor. These are not counter-arguments... LOL! So funny! "HQ does export a lot of electricity. Actually, exportation account for about one-third of the overall profit, on about 15% of the energy sold." Does anyone need a calculator? It should be an investment website after all. 1/3 of profits on 15% of sales? "Oh and all of this is achieved with the cheapest electricity rates in North America." Yup, subsidies baby to please the public. Just like Venezuela and so many other petro-states selling their gasoline for next to nothing. The end result is lack of innovation, lack of efficiency and eventually poverty as the nanny state grows larger and larger. "HQ has not invested billions in R&D on battery. Something under 100M$, and with the licensing royalties they got, they are probably even. Not great, but not catastrophic either." You seem to have forgotten about all the other projects... Then this: "I do as well. At about $10 to $15 incremental per month, it doesn't get better than that to make a statement." $120 to $180/year taken away from citizens to make a statement? With say around 3 million households, that is $360 to $540 million/year to make a statement? Are citizens getting a "charitable" tax deduction for making that statement? Was there a referendum to approve that? LOL! But, keep going fellows. Just like the $7/day daycare for which I know couples in Quebec earning over $150,000/year using it. At some point other Canadians will wake-up and stop subsidizing your way of living that you cannot afford. Once the mob is in the Street scaring your childrens, you, comfortable elite members of the Quebec socialist state do remember the warnings from Cardboard! Then you have these same guys investing in Berkshire and other companies... What is it, intellectual dishonesty? You think that 3G, Geico and other subsidiaries of Berkshire don`t do cost cutting, don`t compete hard with competitors? You are pleased with the investment returns and what it brings to your lifestyle but, what they do is totally opposed to your political views??? Cardboard

"Quebec occasionally gets it right." LOL! Let`s look at your statements to see how a government almost never gets anything right: "Quebec gets about 5% of its electricity from windpower" And 90% from hydro which is a renewable and not producing CO2? "paying about 10c/kWh when it could have paid 5-6c with gas" Right away, you have a government picking a winner and forcing its citizens to pay double the price based on their judgement of what the future should look like. More like cult following actually. And with such a high percentage already on hydro or renewable, not CO2 producing, why losing money on wind vs other cheaper sources as you mentioned? "It costs a little more than it needed to, because of a policy requiring sourcing half of the components from the Gaspe region, and has contributed to lowering unemployment significantly there." Now we have subsidizing employment in a Region where it would likely be more profitable to simply relocate its citizens? Closing the nuclear plant may or may not have been a good decision. You would have to look at cost of upgrading, decommissioning (huge) vs spending on other things. And if you believe that creating jobs in Gaspe was a good thing, then what about the jobs that were lost shutting down that plant. What about losing learnings in another industry that has a future??? Then Hydro Quebec has to be one of the worst managed enterprise the world has ever seen. They spent billions researching lithium batteries, electric motors for vehicles, new high power lines, etc. and nothing ever came out of it. Well, maybe that some companies including Mitsubishi, Siemens or others got research for free... Cardboard

Would love to see the subsidies too... For example, out in Quebec Canada, the province has mandated Hydro Quebec to buy all power from wind producers, even if more expensive than producing their own via hydro which is another renewable and in place since decades... Absolutely ridiculous. So much for saving the planet! At least if they were exporting the surplus but, it seems like in place only for the few times when water reservoirs run low. Then Hydro mothballed a nuclear power plant a few years back due to cost of upgrading but, no talk of decommissioning costs... Then they have companies spend billions on wind farms. Lots of geniuses working there and in the government. In the end the consumer pays for make work projects. That is what happens when free markets do not exist. Cardboard

T.CONA Cardboard

What is new here? Manipulation and panic of natural gas prices in a tiny marketplace? This commodity has been a widow maker for many hedge funds in the past who have tried to speculate in the more liquid NYMEX market. Now imagine in the Alberta or NOVA market??? There has been none of that whatsoever in Chicago or at other major NA delivery points. What you have is people (storage companies) taking advantage of producers who have two choices: take what is offered or shut-in production which includes higher revenue oil since flaring of natural gas is illegal in Alberta. With producers having no storage capacity and no other pipeline/market for their natural gas, selling it for a negative price for a few days is not as crazy as it sounds. Cardboard

Thank you Dynamic! I believe that this thread was about new ideas or new trading opportunities coming up. Here is one T-CF. Stock has been harshly punished for a weak Q1. However, all fundamentals are turning for them and their growth in wealth management which is a stable and profitable business typically trades at high multiple. Company is way too cheap. Cardboard

Really applies to you: "When you are dead, you do not know you are dead. It's only painful and difficult for others. The same applies when you are stupid."

Would it be asking too much to take this to the Berkshire Hathaway category? Kind of like some of you complaining about politics stuff, this cult around Berkshire could be put elsewhere. Cardboard

It is very positive indeed to have an opening on time and on budget. I am also fairly confident that the $75 to $100 million in EBITDA/year for Parq Casino is conservative or based on past run rate from Edgewater. Despite its troubled past, this team seems to have done a lot of positive moves over the past year or two. I am a buyer. Cardboard

FTP-TO Once these hick-ups are over with at the Thurso mill and with increased capacity and lower costs at both mills we should see better EBITDA and improved share price. Cardboard

Some POE. We should be in the last few days, possibly hours, before learning about this 2nd well which will tell us hopefully a lot more about this play. Having found hydrocarbons with the 1st well, cash and its other assets in a rising oil price environment, risk at this price appears minimal. That is not to say that the stock may not come down by say 25 to 30% on a total write off of the Indonesian play but, over a year, with more drilling in Thailand coming up, $1.40 feels reasonable. Cardboard

I was surprised that the stock did not react more favourably following Q2 results as they had mentioned that the sale to Delonex could close in Q3 (market expectations were for end of year), liquidity risks were significantly reduced with the sale of their Dream Unlimited stake or no longer any bank debt, Blue Goose had turned profitable, HQ costs have been reduced significantly (Toronto office, less interest cost) and Parq Casino was on its way to open. Technicals look really good right now and I would expect the company to start doing some financial engineering which should bring this thing to $4+ in no time. Cardboard

POE boys, POE boys!!!