Encana says the Athlon transaction will add the equivalent of about 30,000 barrels of oil per day of production focused in the Midland Basin, part of the Permian formation.
Monday, September 29, 2014
Monday, September 22, 2014
Friday, September 19, 2014
Monday, September 15, 2014
“My goal is to have a brand where companies invite you onto the board because they want your expertise rather than you having to huff and puff,” Ubben, 53, says at a July breakfast overlooking New York’s Central Park, a coast away from his company’s San Francisco headquarters.
Posted by Devon Shire at 12:29 PM
Friday, September 12, 2014
On how he sank tens of millions of dollars into banks stocks in 2009:
We just put the money in. It didn’t take any novel thought. It was a once-in-40-year opportunity. You have to strike the right balance between competency or knowledge on the one hand and gumption on the other. Too much competency and no gumption is no good. And if you don’t know your circle of competence, then too much gumption will get you killed. But the more you know the limits to your knowledge, the more valuable gumption is. For most professional money managers, if you’ve got four children to put through college and you’re earning $400,000 or $1 million or whatever, the last thing in the world you would want to be worried about is having gumption. You care about survival, and the way you survive is just not doing anything that might make you stand out.
Posted by Devon Shire at 5:00 PM
Thursday, September 11, 2014
Wilbur Ross Jr. is worried about deflation.
While the financier, who heads up WL Ross & Co., thinks the Federal Reserve is likely to raise interest rates in the middle of 2015 – and rightly so, he said–Mr. Ross thinks the developed world has structural headwinds that make inflation concerns a thing of the past.
Speaking at the Japan Society in New York Wednesday, Mr. Ross surveyed the economic, investment and monetary landscape in the U.S., Japan and Europe. If there was a common denominator, it’s that central banks are doing what they can but the experience of quantitative easing is that “financial markets are much easier to move than economies.”
continue reading: http://blogs.wsj.com/moneybeat/2014/09/11/wilbur-ross-deflation-not-inflation-is-the-bigger-concern/?mod=WSJBlog
Posted by Devon Shire at 3:50 PM