tag:blogger.com,1999:blog-4815867514277794362.post1637830565357776710..comments2024-03-08T06:18:28.125+11:00Comments on Bronte Capital: When your tool fails your stock drops 35 percentJohn Hemptonhttp://www.blogger.com/profile/03766274392122783128noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-4815867514277794362.post-46309290591443464412012-03-04T12:36:29.840+11:002012-03-04T12:36:29.840+11:00you might on your assessment on alcohol but if you...you might on your assessment on alcohol but if you have narcisstic behaviour to your competitors such as yourself JH, all you have to do is short stocks you rubbish and your bound to win???<br />correct?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-73495916709938598342012-03-03T15:19:20.494+11:002012-03-03T15:19:20.494+11:00I think if you take 50bps positions in companies w...I think if you take 50bps positions in companies where the board members have alcohol related brain damage (yes literally) you will probably do alright on average.<br /><br />JJohn Hemptonhttps://www.blogger.com/profile/03766274392122783128noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-15749673249175291822012-03-03T13:13:04.734+11:002012-03-03T13:13:04.734+11:00"A third member of Houston American's fiv..."A third member of Houston American's five-person board, Edwin C. Broun III,<br />was described in court documents last year as suffering from alcohol-related<br />brain damage that could affect his ability to "process information and make<br />sound decisions." The filing, submitted in his defense, characterized him as<br />a recluse who slept all day, drank all night and hadn't opened his mail in<br />two years."John Haskellhttps://www.blogger.com/profile/08341430524377582352noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-2711479387247523492012-03-03T12:31:36.138+11:002012-03-03T12:31:36.138+11:00Is shorting E&P stocks a good idea? The downsi...Is shorting E&P stocks a good idea? The downside must be pretty extreme!Professor Professorsonnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-64666203301476288812012-03-03T08:37:54.097+11:002012-03-03T08:37:54.097+11:00John,
Oilfield trash here. As you drill, you enco...John,<br /><br />Oilfield trash here. As you drill, you encounter different rock types, of which sand (actually sandstone) is the most common reservoir rock. The electrical resistance of the reservoir rock is an indicator of fluid content: oil and gas are resistive, while water will conduct electricity.<br /><br />It is rare to find one big, continuous sandstone, generally they will be in different layers, separated by other, non-reservoir rock.<br /><br /><b>Net Resistive Sands</b> is thus the sum of the thickness of the sandstone which shows higher resistivity which could be oil/gas bearing. It's a very crude measure of how much reservoir may exist, but little value without porosity/permeability and structure size.<br /><br />Enjoy your blog, always interesting reading.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-24488937303087167562012-03-03T06:04:45.609+11:002012-03-03T06:04:45.609+11:00"When your tool fails your stock drops 35 per..."When your tool fails your stock drops 35 percent"<br /><br />I see you've been speaking with my ex-girlfriend.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-14601080372562587522012-03-03T04:46:34.328+11:002012-03-03T04:46:34.328+11:00John, I was short this one as well, but gave up to...John, I was short this one as well, but gave up too early. Congrats on sticking with it. What a sketchy management team.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-2347705668370339032012-03-03T04:11:14.298+11:002012-03-03T04:11:14.298+11:00I was short at 18.50 and then it dropped to 15 in ...I was short at 18.50 and then it dropped to 15 in "short" order and I exited. Felt smart when it snapped up to $19.50 summer 2011. Oh well... This blogger said it well... <br /><br />"To believe that Houston American is worth hundreds of millions of dollars - or even billions -- is to believe that an obscure company run by people with less-than-stellar track records made a truly spectacular deal, acquiring a lucrative prospect for a fraction of its true worth, from a partner rich enough to go it alone."<br />http://sharesleuth.com/investigations/2010/06/both-of-the-oil-companies/<br /><br />That SK Energy would give up a multi-billion property for pennies just didn't make sense.<br /><br />A columbian oil well is a hole in the ground with a liar on top?Kidhttps://www.blogger.com/profile/04892761321005495454noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-53057119603561081662012-03-03T03:34:33.716+11:002012-03-03T03:34:33.716+11:00Speaking of petrochemicals, I miss the occasions N...Speaking of petrochemicals, I miss the occasions Norther Oil and Gas updates--still in that position, or done with it?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-45639475152509218912012-03-03T03:18:31.870+11:002012-03-03T03:18:31.870+11:00I don't know a lot about about Houston America...I don't know a lot about about Houston American, but I have followed a lot of junior E&P companies over the years, and it seems like they all learn how to write press releases the same way.<br /><br />If the pattern holds, there will be one or two more vague press release over the next 6-12 months which will continue to suggest the possibility of lots of oil, but techinical issues will continue to prevent them from making definitive conclusions.<br /><br />At some point, they will just stop talking about this well, and they will go on to promoting the next possible homerun.Zimmernoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-24616660353816185542012-03-03T01:49:20.566+11:002012-03-03T01:49:20.566+11:00Lulz.
I hadn't been there, so obviously a gues...Lulz.<br />I hadn't been there, so obviously a guess, but the story sounds much like they "sank the well" - e.g. for lack of proper drainage/cleaning they have assorted fluids coupled with sands\clays\whatever entering the well. It happens often enough, and makes further working at the well a true nightmare (imagine working drills and other stuff in highly pressurized plasticine with abrasive crumbs. It's not like you "can't drill diamond", it's merely everything gets messed and fouled up real fast, resistive forces are through the roof, and whatever you do, in a hour, the plasticine is back where it was ;)).<br />So what they are writing is, basically, "we're thinking on what to so with that mess".<br /><br />Regards,<br />Dmitry.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-75541802049898844572012-03-03T01:18:25.822+11:002012-03-03T01:18:25.822+11:00Resistive sands indicate sands that contain resist...Resistive sands indicate sands that contain resistive fluids. It is measurement of electrical resistivity. Oil does not conduct electricity well while salt water does. They are trying to imply that there are hydrocarbons there with out any well test data.Unknownhttps://www.blogger.com/profile/00207806667873376367noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-12213110713060807832012-03-02T15:29:39.502+11:002012-03-02T15:29:39.502+11:00The puts would have been fun... I was short this a...The puts would have been fun... I was short this average from 14. But it went somewhere near 20 after I shorted it.<br /><br />It has been profitable - but hardly been fun!John Hemptonhttps://www.blogger.com/profile/03766274392122783128noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-12345601733350299402012-03-02T14:30:48.657+11:002012-03-02T14:30:48.657+11:00I learned a lesson on this, though since it didn&#...I learned a lesson on this, though since it didn't cost me anything we'll see whether I did actually learn anything. A Post-It on my computer for the past 9 days has read: "Buy HUSA puts NOW." For no reason other than distractions in the non-investment world, I didn't. I was sure one of the incipient catalysts I saw would continue to remain incipient (of course, if I really believed that, I'd have shorted, rather than buying/not buying puts). Ah, well.ADLnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-90949564272168421052012-03-02T14:22:01.301+11:002012-03-02T14:22:01.301+11:00I imagine "net" resistive sands refers t...I imagine "net" resistive sands refers to "more" rather than "less" resistive sands.Tomnoreply@blogger.com