RE: some stuff .....Hi Caffee;
Thanks for the insightful comments. It's good to know someone who has
been in PAA for a while and believes they are a class operation.
I guess without the JV orko would have accepted the report and published
it . So the strength of our JV partners expertise allowed us to question this report
more than perhaps we could have done on our own. Has PAA then saved
us from potentially undervaluing ourselves? If PAA is correct on the economic
assessment what about the independent 43-101 was it too conservative.
I wonder if the infill drilling might provide more upside potential than many
might be expecting.
This would be good! Go PAA!!!
Is U.S about to get a wake up call?
Jobs numbers continue to disappoint!
Look to California for whats really going on in the U.S.
If it were an independent state it would be one of the largest
economies in the world. It is generally a leading indicator for the economy.
Amazingly they will start issuing IOU's to suppliers next week as they are broke!
IOU's will filter down to employee's and consumers...Banks are being asked to
accept these IOU's from consumers and then collect from the state...once they can
pay it back...OOOH MY! Some banks haven't decided if they'll go along with this!
Let's see CA is broke has a 24Billion dollar deficit with revenues that are steadily declining,
So what do they do, they voted not to increase taxes,
and don't want to cut services or programs
have been downgraded to junk and can't issue debt
Talk about heads buried in the sand!!!! They will have no choice but to start cutting!
More layoffs, means less revenues, means more layoffs, then rinse and repeat.
It going to be really interesting to see how they resolve this! FED bail-out anyone!
Additionally Arizona, Connecticut, Kentucky, Mississippi, North Carolina, Ohio and Pennsylvania
have experienced delays or had to extend their sessions to deliberate on their budgets.
Pennsylvania is proposing a 16% tax hike to stem their bleeding.
Unemployment topping at 10% is looking like it may be conservative...
oops remember those worst case bank stress test parameters and oops
the banks have already been paying back tarp thinking the worst is over.
More stimulus please!
cheers
b-low-s-high