Energy / Resources

Earlier this week I was interviewed on ABC Radio’s PM program about the announcement of Marius Kloppers’ departure from BHP.

Read the transcript below or listen to the interview here.

continue…

by Roger Montgomery Posted in Energy / Resources, Value.able.

• 4 Comments
• save this article
• POSTED IN Energy / Resources, Value.able

In the highlights from this edition of Peter Switzer’s Sky Business program broadcast 21 February 2013, Roger provides his latest insights into Origin Energy (ORG) and BHP (BHP), and also explains how applying his Value.able investment strategy still makes Wesfarmers (WES) a stock that Montgomery Investment Management won’t hold in the near term, despite its price recovery.  Watch here.

by Roger Montgomery Posted in Companies, Consumer discretionary, Energy / Resources, Insightful Insights, TV Appearances.

• save this article
• POSTED IN Companies, Consumer discretionary, Energy / Resources, Insightful Insights, TV Appearances

Recently a 5.5kg gold nugget was discovered prospecting around an old mine in Ballarat. Sometimes lightning strikes twice but more often trying to repeat past successes is like a dog returning to its vomit.

Spare a brief thought for the hapless long-term investor in businesses with sustainable competitive advantages. Sadly, these are not the businesses the stock market has been enamored with over the past six months.
continue…

by Roger Montgomery Posted in Energy / Resources, Insightful Insights.

• 2 Comments
• save this article
• POSTED IN Energy / Resources, Insightful Insights

On 18 January, it was reported here that a 5.5 kg gold nugget (worth up to $300,000) was found in Ballarat with the help of a Minelab GPX-5000 metal detector. Minelab is a world class brand owned and managed by Codan Limited (ASX: CDA), a company that we hold in our investment funds.
continue…

by Russell Muldoon Posted in Energy / Resources, Market Valuation.

• 5 Comments
• save this article
• POSTED IN Energy / Resources, Market Valuation

One of the issues attracting media and analyst commentary recently is the potential impact of American shale gas exports to the economics of Australia’s large LNG projects.

The theme of many of the comments is that there is no cause for alarm, at least for the time being. Some of the reasons advanced include: the reluctance of US policymakers to permit exports; the time taken to ramp up supply if the US does export; and the fact that LNG contracts tend to be linked to oil, rather than gas prices.

continue…

by Tim Kelley Posted in Energy / Resources, Insightful Insights, Value.able.

• 1 Comments
• save this article
• POSTED IN Energy / Resources, Insightful Insights, Value.able

Do CSL (CSL), Lynas (LYC), Kingsrose (KRM), Sundance Resources (SDL), Perseus (PRU), Jumbo Interactive (JIN), Sandfire (SFR), Seek, (SEK), Fortescue (FMG), BHP (BHP), Ausdrill (ASL), Metcash (MTS), Panaust (PNA), Webjet (WEB), BSA (BSA), SP Ausnet (SPN) or Northern Star (NST) achieve the coveted A1 grade? Watch this edition of Sky Business’ Your Money Your Call 4 December 2012 program now to find out, and also learn David’s insights into resources companies.

Watch here.

by Roger Montgomery Posted in Energy / Resources, TV Appearances.

• save this article
• POSTED IN Energy / Resources, TV Appearances

On Wednesday the Australian Bureau of Resources and Energy Economics said 51 mineral projects, 18 gas and petroleum projects and 18 infrastructure projects worth $268 billion had been approved. Of the 87 projects, 11 mega projects worth more than $5 billion each, account for an aggregate $200 billion or 75 per cent of the total committed project value. For some months now we have been warning investors of a growth cliff and note the slowing in the number of projects that have progressed from potential to committed. For example, in the six months to April 2012, 21 projects worth $45 billion were approved. However, in the six months to October 2012, 10 projects worth $13 billion were approved.

continue…

by David Buckland Posted in Companies, Energy / Resources.

• 4 Comments
• save this article
• POSTED IN Companies, Energy / Resources

Although it has taken a while for our alert earlier this year to flow through, project delays, cancellations and profit downgrades are mounting as the mining services sector confronts its post-capex-boom. To name a few: Macmahon is shedding staff and cutting pay rates, Emeco’s hiring rates have collapsed with an industry wide surplus of idle heavy machinery, Diploma Group is no longer proceeding to build a 244 man camp near Tom Price for Rio Tinto, ALS is reporting no growth, Ausdrill severed its earnings guidance and Orica wrote down the value of its equipment finance division, Minova, by $367m.

continue…

by Russell Muldoon Posted in Energy / Resources, Insightful Insights.

• 7 Comments
• save this article
• POSTED IN Energy / Resources, Insightful Insights

Roger highlights the risks to Resource Service firms revenue streams due to their status as contractors in this Australian article published November 24th 2012.  Read here.

by Roger Montgomery Posted in Energy / Resources, In the Press.

• save this article
• POSTED IN Energy / Resources, In the Press

As you know at Montgomery Investment Management we have held a very cautious view on iron ore for almost a year, noting the apparent over-investment in supply and reliance on Chinese demand. However, we have a more positive outlook in other areas.

Energy is one area where we feel that the supply and demand outlook is more favourable, and we have turned our minds to which companies might benefit from this.

As we have written about elsewhere, one such company is Miclyn Express Offshore Limited (ASX:MIO).

continue…

by Roger Montgomery Posted in Energy / Resources, Whitepapers.

• 9 Comments
• save this article
• POSTED IN Energy / Resources, Whitepapers