Sunday, April 27, 2008

Video of Annual Whitman Day: Breakfast Panel with Martin J. Whitman

http://whitman.syr.edu/Videoarchive/video.aspx?vid=e01174f2-0ae7-4fde-9869-082ff068e6f7

Title: 5th Annual Whitman Day: Breakfast Panel with Martin J. Whitman and Richard Haydon
Duration: 0 hours, 51 minutes, 41 seconds
Description: Collectively, Martin J. Whitman ’49 BS and Richard Haydon ’66 BA (A&S) have a century of Wall Street experience—and that fact is evident in the wisdom and insight revealed in this wide-ranging panel discussion. Whitman, founder and co-chief investment officer of Third Avenue Management, and Haydon, a managing director with Neuberger Berman, treat members of the Central New York financial community to a no-holds-barred conversation on investing and current economic developments, including the housing/mortgage crisis, the concerted raid on Bear Stearns, and green investments. The discussion was moderated by J. Daniel Pluff, host of WCNY’s “Financial Fitness." The breakfast panel was part of the 5th annual Whitman Day celebration in the Whitman School of Management.Date Produced: 4/2/2008
Genre: Panel discussion
Keywords: Martin J. Whitman, Richard Haydon, Whitman Day, Financial Fitness, Third Avenue Management, Neuberger Berman, Wall Street
Copyright: Syracuse University Whitman School of Management

Thursday, April 17, 2008

Canadian Natural Resources


I want to recommend CNQ.

A Canadian based senior independent energy company engaged in the acquisition, exploration, development, production, marketing and sale of crude oil, NGLs, natural gas and bitumen production.
One of Canada's largest natural-gas producers, the company also produces conventional crude oil in Canada, the U.K. North Sea, and West Africa. These assets have the potential to expand from today's production levels of approximately 1,650 mmcf/day of natural gas and 330 mbbl/day of conventional crude oil and natural gas liquids (NGL).
Growth on the HorizonPhase 1 of the Horizon project is set to start producing synthetic crude oil (SCO) from the tar sands in Northern Alberta. Once fully up to speed, phase 1 is expected to produce around 230,000 barrels/day. Initially, the cost of production will be close to $30/barrel, but over the lifetime of the Horizon project, the company estimates that the costs will fall closer to $20/barrel. Over the years, the company intends to expand its production to 500,000 barrels/day. At today's oil price of over $90 per barrel, the economic opportunity is simply staggering.