dwerme’s Activity

Wed Dec 17

NL

Boards Post

dwerme replied to the Berkshire Hathaway board. 2:19 AM

Re: OT: Mining Companies

--"Total underground petroleum is going down steadily, I think we can all agree.
As technology improves the fraction that is economically recoverable with current technology,
the timing of the day of the end* changes a bit, that's [more]

Tue Dec 16

NL

Boards Post

dwerme replied to the Real Estate Inv. Trusts: REITs board. 11:01 AM

Re: NRF-E

Been quite a ride with NRF hasn't it? I got clobbered on both the common and NRF-B back in the downturn. I took the tax losses, then bought back in on the odd chance they would survive and did very well. They must have some resilient management [more]

NL

Boards Post

dwerme replied to the Peak Oil Party board. 10:52 AM

Re: Oil below $60 per barrel

I can see you don't understand big capital projects very well. Did $35 oil in 2009 shut down the oil sands? Did Calgary become a ghost town? No, they hunkered down, and then continued to expand with the price rebound.

The Saudi's opened the [more]

Mon Dec 15

NL

Boards Post

dwerme replied to the Berkshire Hathaway board. 9:27 PM

Re: OT: Mining Companies

Actually the total amount of recoverable petroleum is not "capped and falling daily" whatsoever. It is rising daily as we get better at recovering it.

Even in traditional fields we only average about 30% recovery. That in turn [more]

NL

Boards Post

dwerme replied to the Peak Oil Party board. 11:21 AM

Re: Oil below $60 per barrel

Thought I'd go back to the board in 2007:



Simmons Says Global Oil Supply Has Peaked; Sees Oil Up to $300 February 1 (Bloomberg) -- Matthew Simmons, chairman of Simmons & Co. International in Houston, talked yesterday with [more]

NL

Boards Post

dwerme replied to the Berkshire Hathaway board. 10:38 AM

Re: OT: Mining Companies

<<<The oil extraction business as we know it will also end surprisingly soon.
The companies may survive and even prosper, but not with the current business model.

Jim >>>

Jim,

I think you recognize the [more]

Fri Dec 12

NL

Boards Post

dwerme replied to the Berkshire Hathaway board. 9:54 AM

Re: Will Berkshire buy oil stocks/companies?

WEB has said that many oil stocks are simple proxies for oil prices, and if he knew for sure where oil prices were headed, he wouldn't buy a stock, he'd buy oil futures. I have been the oil business 30 years, and it amazes me that it even the major [more]

Mon Dec 8

NL

Boards Post

dwerme replied to the Berkshire Hathaway board. 8:20 PM

Re: Wow.

Remember all the fuss over $200?

Thu Dec 4

NL

Boards Post

dwerme replied to the Real Estate Inv. Trusts: REITs board. 1:24 PM

Re: SKIS

Gracepeace--

I was ready to buy it myself, until I found that article.

I am intrigued by the last statement, about looking at the REIT which holds their debt, EPR properties. I yields 6%, and was just hyped buy Jim Cramer. Anyone [more]

Wed Dec 3

NL

Boards Post

dwerme replied to the Real Estate Inv. Trusts: REITs board. 9:21 PM

Re: SKIS

Here's a long opinion to the contrary:

http://seekingalpha.com/article/2722945-peak-resorts-is-skii...

"Using a 9-10% [more]

NL

Boards Post

dwerme replied to the Real Estate Inv. Trusts: REITs board. 9:02 PM

Re: OT. Future price of oil and gas

I think the price of oil will bounce around the $60-$100 range for quite a while. It is tough to produce unconventional oil i.e. oil sands and fracked shale any cheaper than $60 but at $100 there is a huge supply available.

I think natural [more]

Sun Oct 12

NL

Boards Post

dwerme replied to the Berkshire Hathaway board. 10:30 AM

Re: Bank of America

Every time I do a large foreign exchange, it goes through BOA. Every bank in the world has an account with them. I don't know how much revenue they get from this, but they have a heck of a moat in some activities.

CAPS Stats & Trivia

CAPS Player Rating < 20
Player Rank 0 out of 75077
Score 0.00
Score Change Today 0
Accuracy 0.00%
Active Picks 0
Total Picks 0
Best Pick ( 0)
Worst Pick ( 0)
Average Score per Pick 0.00
Charms Earned 0
Highest Rated Favorite No Favorites Selected
Go to dwerme’s CAPS page

Boards Stats & Trivia

Three stars, 500 posts Old School Fool
Board Posts 753
Recs Received 1738
People who have rec'd these posts 442
Recs to Posts Ratio (last 30 days) 4.80
Threads Started 93
Threads Started Percentage 12.35 %
Most Frequent Board Real Estate Inv. Trusts: REITs
Very First Post Re: 1929 Cities Servce Co(OXY) (3/30/2000)
Percentage of Posts Rec'd 68.26 %
Show dwerme’s 10 Latest Posts