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Mattybuoy

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About Mattybuoy

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  1. Mattybuoy

    Erik Townsend's Peak Oil View

    There is a distinction between "oil shale" and "shale oil". Oil shale is uncooked kerogen stored in source rocks. Shale oil is actual oil (cooked kerogen) which has gotten trapped in source rocks rather than migrating upwards to a reservoir. The Bakken is the latter, whereas the stuff referred to in the original post by Erik is the former. Even if you could frac kerogen (you can't easily since it is too solid to flow) it wouldn't be much use since it still needs cooking (retorting) into oil.
  2. Mattybuoy

    PM/Miners Diversification for a SIPP

    Assuming you're restricted to the London market, here is a list of companies which are worth a look. Antofagasta (ANTO) - Copper/Gold Centamin Egypt (CEY) - Gold Cluff Gold (CLF) - Gold Fresnillo (FRES) - Silver Hochschild Mining (HOC) - Silver Horizonte Minerals (HZM) - Gold/Nickel Petropavlovsk (POG) - Gold/Iron Ore Medusa Mining (MML) - Gold/Copper Nyota Minerals (NYO) - Gold Randgold (RRS) - Gold Note: Country risk is a factor with most of these, and they're all very different. FWIW there is a vastly better selection available on the Canadian market, and the stocks over there do a much better job of tracking metals prices than the London listers.
  3. Mattybuoy

    HYPERINFLATION

    Anecdotally, I notice that in the supermarket some prices are going up and others going down. It seems to more or less even out. My gas bill went up by 20% odd last year, and is supposedly going down by around 10% soon. Hardly a decisive argument in either direction as of this moment IMHO.
  4. Mattybuoy

    Investec Global Gold

    It says derivatives relating to the underlying equities. This probably means warrants and convertibles, which is nothing to be worried about.
  5. Mattybuoy

    Methanex (MEOH)

    Thanks for bringing this company up DrBubb. I have been wondering about methanol plays for a while now and Methanex looks just the ticket. It is possible that methanol will play a large role in our energy future. You can make it from just about anything via synthesis gas production, and the subsequent GTL process is somewhat easier and cheaper than that for Fischer-Tropsch diesel. The stock is also available as MX.T and the company website is at http://www.methanex.com Wikipedia is worth a read: http://en.wikipedia.org/wiki/Methanol http://en.wikipedia.org/wiki/Methanol_economy
  6. Mattybuoy

    Linc Energy (ASX:LNC)

    On Friday Linc announced the sale of a "surplus" metallurgical coal deposit to the Chinese for A$1.5bn. This will enable the company to fund all its activities for the forseeable future including the development of the initial 20,000 bpd Chinchilla UCG->GTL plant. http://www.lincenergy.com.au/pdf/asx-94.pdf Updated broker research: http://www.lincenergy.com.au/pdf/analyst-17.pdf
  7. Mattybuoy

    Oil Shale

    You are correct. CTL (Coal To Liquids) is not cheap. Cost estimates range from $20 to $60 a barrel. However, this is not why the US is not doing it. That's down to environmental politics, as far as I can tell. There are some cautious initiatives though. The Australians are more pragmatic. I believe we are at the beginning of a massive CTL boom over there. See my post regarding Linc Energy on this forum.
  8. Mattybuoy

    Oil Shale

    I am sceptical of oil shale at this point. Shell have been out in Colorado for years trying to make it work. Most of the stuff is deep underground, and can only be extracted using in-situ methods which are very energy-intensive. If you don't get a net energy return there's no point. That newsletter may be referring to companies which are addressing the near-surface "ore", of which is there is much less, but this has been extracted successfully in previous times of high oil prices. Aside from all that though, the US has precisely no need to try and do this anyway. They have gazillions of tonnes of easy accessible coal which can be made into oil using proven processes, it's just a matter of letting it happen.
  9. Linc Energy (ASX:LNC) is due to produce the first diesel from its trial UCG (Underground Coal Gasification) to GTL (Gas To Liquids) plant in Queensland in about a week's time. This is the first attempt to commercialise CTL (Coal To Liquids) technologies in the Western world outside South Africa, and it seems to be working. Linc now has a market cap well in excess of A$1bn, and has had no problems getting substantial funding. The projected production cost for a barrel of diesel is $35. http://www.lincenergy.com.au I think this is just the first of many many iniatives we will see going forward around the world. There a bunch of other ASX stocks following in the slipstream, most notable of which are Carbon Energy (ASX:CNX) and Cougar Energy (ASX:CXY). Then, if you want London exposure there are two companies, both with projects in Australia. Altona Resources (LSE:ANR) and Spitfire Oil (LSE:SRO).
  10. Mattybuoy

    The Canadian Oil Sands thread

    There far more hydrocarbons in the oil sands than the whole Middle East put together. The problem is how to get them out. Existing techniques i.e. surface mining and SAGD can only address around 10%. This is where advanced in-situ methods like THAI come in. If it works, and it's not quite proven yet, it should allow around 70% of the bitumen to be got at. That's quite a step up. THAI is also far less carbon and water intensive than the existing technologies, and has a minimal surface footprint. If you want to take a punt on this the company is Petrobank (TSE:PBG), which has exclusive rights. This is a great company IMHO, it's not a one-trick pony and already has superb profits from conventional oil in the Bakken formation in Saskatchewan plus many other irons in the fire. http://www.petrobank.com
  11. Mattybuoy

    Rusina Mining (ASX:RML / LSE:RMLA)

    Nickel price down. Energy costs up. Generalised bear market. What else do you need?
  12. Mattybuoy

    Rusina Mining (ASX:RML / LSE:RMLA)

    The rig for the PGM drilling program has arrived on site. http://www.stocknessmonster.com/news-item?...SX&N=408145
  13. Mattybuoy

    Mining in Vietnam

    P.S. If you are interested in Vietnam take a look at Olympus Pacific Minerals (T.OYM). This company is actually producing from one Vietnamese gold mine and is on the cusp with another IIRC.
  14. Mattybuoy

    Mining in Vietnam

    TPJ has some very interesting assets. Not just in Vietnam but also PNG, where it has an exploration JV with Barrick. The main Vietnam property is in a JV with Newmont. Those two involvements tell you something, obviously. The problem is, the company is extremely quiet and opaque. Which is something you can unfortunately get away with on sleepy old AIM. So, IMHO it's one to keep on the watch list but I wouldn't expect anything to happen for a long time. Years maybe.
  15. Mattybuoy

    Rusina Mining (ASX:RML / LSE:RMLA)

    Ah I see, thank you. I was thinking it was a mining acronym not TA ...
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