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Monday, March 25, 2013

What Canadian Value is Watching/Reading/Writing

How Long Should We Continue To Consider Longleaf Partners Worthy Of Guru Status? - GuruFocus.com

Pay Attention to the Proven Voices Like Jim Grant - GuruFocus.com

Wealthtrack - Investing Star for Asia, Mark Headley of Matthews Asia - GuruFocus.com

A Classic Carol Loomis Article on the Father of the Hedge Fund - Alfred Winslow Jones (1966) - GuruFocus.com

Wilbur Ross Telling His Friends to Avoid Long-Term Bonds - GuruFocus.com

The Wit and Wisdom of Warren Buffett - GuruFocus.com

Saudi Arabia Thinks $100 Per Barrel Is Fair Price For Oil

I like it too!  How about we keep it there for about five years and then move it up again?

"I just came from Hong Kong and I told everybody, in 1996, I thought $20 a barrel was reasonable; in 2006 I thought $27 a barrel was reasonable and now it is around $100 a barrel. I told them again it is reasonable," Ali Al Naimi told reporters asking him what the fair price for consumers and producers would be.

Link : 
http://www.foxbusiness.com/news/2013/03/25/around-100bbl-is-good-price-for-oil-saudi-naimi/

Equal Energy Gets a $4 Per Share Takeover Offer

BIRMINGHAM, AL, March 25, 2013 /CNW/ - Montclair Energy, LLC ("Montclair") announced today that it delivered a letter to the Board of Directors of Equal Energy Ltd. (NYSE: EQU; TSX: EQU) ("Equal Energy") on February 27, 2013in which Montclair proposed to acquire all of the current outstanding shares of common stock of Equal Energy for$4.00 per share in cash and in subsequent conversations, confirmed that the $4.00 share price would also apply to Equal Energy managements' restricted shares as well.  The price offered for Equal Energy represents a 28% premium over the 20 day volume weighted average price of Equal Energy's common shares on the New York Stock Exchange for the 20 trading day period preceding the date of Montclair's letter.   In the letter, Montclair advised Equal Energy's board that it is prepared to expeditiously proceed in a process that leads to a definitive agreement.

http://www.newswire.ca/en/story/1135089/montclair-energy-llc-announces-proposal-to-purchase-equal-energy-ltd

Thursday, March 21, 2013

India Now The World's Fourth Largest Energy Consumer


It took only twenty years for India's energy demand to double.  How long until it doubles again?

I want the wind at my investing back for the next twenty years, and I don't know a better way to do that than the resource sector. 

Buy companies that are undervalued at today's commodity prices and then get the added benefit of having those commodity prices increase.

The key ingredient for success in my venture....PATIENCE!

Here is the detail on India:

http://www.upi.com/Business_News/Energy-Resources/2013/03/21/India-is-fourth-largest-energy-consumer/UPI-92711363886365/#ixzz2OCIixLim

Exxon 2013 Analyst Day Presentation

What Canadian Value is Watching/Reading/Writing

http://seekingalpha.com/article/1291311-chesapeake-energy-how-can-such-a-large-producer-have-no-idea-where-natural-gas-prices-are-headed

http://seekingalpha.com/article/1287541-the-hess-eagle-ford-sale-sets-chesapeake-shareholders-up-for-disappointment

http://seekingalpha.com/article/1287401-harvest-natural-resources-does-share-price-drop-present-an-opportunity

Why Not Invest in the One Commodity That Jeremy Grantham Is Sounding the Alarm On? - GuruFocus.com

Eric Sprott - Do Western Central Banks Have Any Gold Left? - GuruFocus.com

FPA


Tuesday, March 12, 2013

Monday, March 11, 2013

Second Wave Shareholders Are Pissed At Brookfield Asset Management

Four months and not a word from the management team that is directed by Brookfield.

One year ago they had an offer to sell the company for ten times the current share price.....Brookfield said no and have left shareholders with what?

http://seekingalpha.com/article/1264271-brookfield-asset-management-has-some-explaining-to-do-to-second-wave-shareholders


Petrobank's Bloomer Leaving

Head of Petrobank's heavy oil and THAI team is leaving to take over Connacher Oil and Gas........

http://www.albertaoilmagazine.com/2013/03/petrobanks-bloomer-to-take-over-as-ceo-of-connacher-oil-gas-ltd/

Friday, March 8, 2013

The Big Short War - Vanity Fair On Ackman vs Loeb

Seems like the guys generally don't like Bill Ackman.  Here is why:

Hedge-fund titan Bill Ackman has vowed to bring down Herbalife, the 33-year-old nutritional-supplement company, which he views as a pyramid scheme. With his massive shorting of Herbalife stock, the price plummeted, prompting two fellow billionaires—Ackman’s former friend Dan Loeb and activist investor Carl Icahn—to take the opposing bet on Herbalife. As the public brawl rivets Wall Street, William D. Cohan learns why, this time, it’s personal.

Link to the full articlehttp://www.vanityfair.com/business/2013/04/bill-ackman-dan-loeb-herbalife