Warning from Time Magazine
Warning from Time Magazine
* Time Magazine Warning
* How to Profit from Peak Oil
* MRU Holdings Update
* Destination: Nova Scotia
"Based on the available data about new oil fields, there are 2,013
billion barrels of total producible oil. Adding up the oil produced from
the birth of the industry until today, we will reach the dreaded
1,006.5-billion-barrel halfway mark late this year."
--Kenneth Deffeyes
_____
Time Magazine Warning: The end of life as we know it begins on
Thanksgiving Day 2005
Excerpt from Time Magazine, October 23 issue:
It's the End of Oil
World oil production is about to reach a peak and go into its final
decline.
Lately, several major oil companies seem to have got the message. One of
Chevron's ads says the world is currently burning 2 bbl. of oil for
every barrel of new oil discovered. ExxonMobil says 1987 was the last
year that we found more oil worldwide than we burned.
Shell reports that it will expand its Canadian oil-sands operations but
elsewhere will focus on finding natural gas and not oil. It sounds as
though Shell is kissing the oil business goodbye.
M. King Hubbert, a geophysicist, correctly predicted in 1956 that oil
production in the U.S. would peak in the early 1970s--the moment now
known as "Hubbert's Peak." I believe world oil production is about to
reach a similar peak.
Finding oil is like fishing in a pond. After several months, you notice
that you are not catching as many fish. You could buy an expensive fly
rod--new technology. Or you could decide that you have already caught
most of the fish in the pond. Although increased oil prices (which ought
to spur investment in oil production) and new technology help, they
can't work magic. Recent discoveries are modest at best. The oil sands
in Canada and Venezuela are extensive, but the Canadian operations to
convert the deposits into transportable oil consume large amounts of
natural gas, which is in short supply.
And technology cannot eliminate the difficulty Hubbert identified: the
rate of producing oil depends on the fraction of oil that has not yet
been produced. In other words, the fewer the fish in the pond, the
harder it is to catch one.
Peak production occurs at the halfway point.
Based on the available data about new oil fields, there are 2,013
billion barrels of total producible oil. Adding up the oil produced from
the birth of the industry until today, we will reach the dreaded
1,006.5-billion-barrel halfway mark late this year.
For two years, I've been predicting that world oil production would
reach its peak on Thanksgiving Day 2005. Today, with high oil prices
pushing virtually all oil producers to pull up every barrel they can
sweat out of the ground, I think it might happen even earlier.
--Kenneth Deffeyes
How to Profit from Peak Oil
Don't let peak oil ruin your Thanksgiving. Now's the time to buy energy
stocks. especially stocks in the unconventional energy space like
Canadian oil sands.
The $4.50 Canadian oil stock I'm recommending has already given my
readers a return of more than 100% since March. The company is sitting
on 2.4 billion barrels of crude, worth over $145 billion at today's
prices.
I'm conservative in my price target. I think it can get to $19 in the
short-term. $30 in the long-term.
But this stock is so explosive, one of my competitors (a guy who is a
regular guest on Fox's Bulls and Bears television show), said he planned
to hold the same stock for 25 years.
That's big.
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MRU Holdings Update
Those of you who've been with me since the beginning know that one of
the key tenets behind the PT franchise is to take advantage of my
contacts in the business world.
Just straightforward investment ideas from the inside.
PT is an everyman's inner circle of movers and shakers. Plain and
simple, the contacts in my black book are the people who make things
happen. Investors, financiers, lunatics, thugs, presidential candidates,
barons, capitalists, captains of industry.you can't get more plugged in
than that.
In a nutshell, over the course of a dozen years in this business, I've
met some of the brightest financial minds out there.
And as a result I've made a fortune.
Not by analyzing at candlestick charts, not by looking at put-call
ratios.simply by investing along side some of the best in the business.
The reason I bring all of this up is simple. Our track record is great.
And now we're faced with another opportunity to get in early on an
incredible story.
Now, I've already told you that MRU Holdings (MHOI: OTCBB, $3.78) has
all the trimmings of another big winner for us.
Not only is this business going great guns, it's the ultimate insider's
story. And we're about to see it go great guns.
Yes, I knew the trend for college loans was moving toward private
lenders, but I had no clue how fast the industry was growing. I also
didn't realize how small the playing field was.
That is, until I spoke with an old contact I haven't talked to in over a
year.
After the formalities, I asked M what he'd been up to, and he laid out
one of the recent deals he'd done in the lending sector.
Now, to give you an idea of my contact, he's a pretty big fish. During
that same conversation he told me about the new vacation home he'd just
bought in Europe-for $24 million.
At any rate, his first taste of the education lending arena was by
privately funding an outfit called Education Lending Group (EDLG) at a
dollar.
I poured another glass of wine in advance of the kicker. "Last year,
EDLG was bought out for $19.50. I personally made over ten million
dollars on the deal," he said, as he leaned back in his chair.
Within a space of 15 months early investors in EDLG made fifteen times
their money.
EDLG started out at $10 million valuation, and then raised $5 million.
The stock went to $12, and a secondary financing was completed, with the
company raising $30 million. Shortly afterward, they were bought out by
CIT (for $350 million cash), which is a huge, multi-billion dollar
financial company.
Now, I don't know about you, but those are the type of returns that get
my attention.
And the best part about it is, we're now on the inside track for another
kick at the cat. Everyone who was in EDLG also went in to MRU
Holdings-big time.
Now, I don't know how much longer I'll be talking about MRU Holdings,
because there simply isn't enough time.
To be clear, now is the time to buy MRU Holdings.
The potential here is easily a triple over the course of the next twelve
months. And as you'll see, this could be the understatement of the
decade.
Now let me ask you. How often do you run across an opportunity with 300%
appreciation potential? Probably not very often. In fact, there are very
few stocks out there with even 100% potential.
And when you consistently invest in these run of the mill stocks, you're
destined for average returns-at best. Conversely, when you invest in
high-potential opportunities, your returns can be simply mind boggling.
As you know, our mission is to build wealth-quickly and safely.
With MRU, we're getting in along side some very heavy hitters.
You may recall, when I first alerted you to MRU Holdings, that I
mentioned the main competition: First Marblehead (FMD).
The insiders got in FMD at around twenty cents, and the stock was at $75
last year. Take a look at some of the insider sales over the past year
and you'll see several $100 million plus sales.
I'm talking about big, big money.
And get this. One of the biggest investors in FMD owns 450,000 shares in
MHOI. His cost basis is around $4.50, above where shares are trading
right now.
I'm telling you, the smart money is all over MHOI. I've gone through the
business plan, the filings and spent hours on the phone with the CFO and
other insiders.
MRU Holdings is a rock-solid business. And the fact that its got support
from some of the brightest minds in the business only validates
everything I've already said about the company.
Consider...
* To me, the key thing is the space: With a huge market of $15
billion, there are only five players in the game: Sallie Mae, Citibank,
Wells Fargo, First Marblehead and MRU.
* The growth track of FMD, for instance, was insane. The company
went from $65 million to $225 million to $620 million to $1.2 billion to
$1.8 billion.
* At current growth rates, MRU Holdings could easily be up to $2
billion in gross loan volume. The company already has $450 million in
application volume in its first four months of business. They'll be able
to approve 10% of this amount, or $45 million.
* Private education lending a $15 billion market, growing at 30%
annually. This creates an incredible opportunity for MHOI.
* If MRU Holdings takes only 5%, there's enough growth for them to
be a huge player.
* The inside guys are making millions on these deals. The smart
money is all over MRU Holdings.
Based on MRU's application volume of $450 million, it's a clear
demonstration that they can generate student interest. People are
applying for loans. And based on the fact that they've got the guarantee
agency and a seasoned team with experience in this market, I think the
company will find a funding source that will allow them to fund between
30-40% of all applications.
The growth potential from this alone is staggering.
If they follow the FMD path and have a loan portfolio pushing $2
billion, they'll have earnings on the order of $160 million. Based on
industry valuations at ten times earnings, we'd be talking $100 per
share given the current structure.
But that'll never happen.
Why?
Because long before we get to that point, somewhere along the growth
curve, we're going to see this company get bought out by a large
financial institution.
What's the downside? Instead of $2 billion they only do $1 billion, and
it's only worth $50 per share.
Slower growth? Well, they're already on track for $1.2 billion in
applications annually, and that's basically right out of the gate.
Right now the only private education lending company out there valued at
under $1 billion is MRU Holdings.
Not for long.
- Phantom Trader
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_____
The Maritimes Project
Destination: Nova Scotia
You'd say it's New England until You Saw the Prices
There I was-- stranded on the side of the Massachusetts State Turnpike
at 12:30 AM.
In the looming darkness of the autumn night last Thursday, I began
questioning whether or not this trip was cursed from the get-go. But I
had to continue.
Destination: Nova Scotia, Newfoundland and Prince Edward Island
(The Canadian provinces that would end up being a bit more arduous to
get to than I could fathom.)
It's pouring down rain, the ripping wind is blistering my face and my
leather-gloved hands are reaching for the latch to open the hood to that
piece-of-crap rental car. The deluge was magnifying our misfortune, and
while I was abounding with a twisted sense of bitterness, nothing but
inane laughter slipped from my lips.
This adventure would no doubt have an admonition for me and I got my
lesson early on traveling: Kick the tires before leaving the home-base.
You see, 400-miles into the trip, the drain bolt from the oil tank
dropped from the engine. And traveling at a speed of 73 mph on the wet
highway, there's no looking back.
You will not find the bolt. And no amount of fresh oil will do you any
good if it simply pours out onto the road underneath the smoking engine.
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The bottom half of my pants were soaked with 10W-30 and my new
shoes...Let's just say, rubber soles and oil don't mix.
So this is New England. Classic. But I will say, if you want to see New
England this is not the way to go about it.
After hours of hassling with the road-side service folk and waiting for
the next shoddy, two-bit piece of junk rental car to arrive, I realized
that it would be impossible to make the 7:00am departure of the Famous
Cat Ferry that zips from Bar Harbor, Maine to Yarmouth, Nova Scotia.
It was now 2:15 am and I was certain we couldn't get from Worcester,
Mass. to Bar Harbor, Maine in only 5 hours.
But I convinced myself and made a break for it.
I truly thought our windshield wipers would fly off they were flopping
so fast and by 6 in the morning, when I got the well-earned speeding
ticket from a friendly Maine State Trooper, I felt (and no doubt looked)
like The Walking Dead.
But it was all worth it.
I arrived to gorgeous Acadia National Park in Bar Harbor, Maine just to
watch our Cat Ferry purring exhaust with a smug sense of satisfaction
and sailing off into the cold, gray sunrise.
But Fate has a funny way about her. It wasn't until the next day around
3 in the afternoon that I realized my vehicular mishap was actually a
very fortunate accident.
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Bar Harbor, nestled in the untouched and stunning Acadia National Park,
boasts one of the quaintest and most "proper" communities I've ever
seen. It was literally like walking into a colonial fairy tale, or
better yet, one of those charming porcelain miniature villages that you
always see around Christmas time. I swear I walked into a life-size
version of that tiny General Store.
With scenery that will knock your socks off, and prices that will hit
you straight in the gut-Bar Harbor will remain in my New England dreams
forever.
You won't even find a small, decent house (not to mention a house with
acreage) for under $220,000.
But I feel blessed to have even been there. Because it gave me the
needed perspective as I continued on.
I made my way across the bay, finally aboard the swift and temperamental
Ferry. 15 foot swells had all the poor land-lubbers revisiting their
lunch for the second time that day.
When we arrived to Nova Scotia, and started driving northward, I would
swear I was still in Maine- lighthouses, rocky shores, beautiful wooded
land reaching as far as the eye could see.
Reaching the northern-most tip of the Province, Cape Breton, I found
what I was seeking. But the question I was still asking myself: Is there
any profit potential in this place?
Sure, the blazing reds, burnished oranges and luminous golden colored
leaves that twinkled throughout the landscape were sure to impress
anyone. Without a doubt the mountainous rocky landscape overlooking
massive bays, inlets and rivers would arouse even the weariest of eyes.
But what's this mesmeric land's potential?
Try 300 Acres of radiant land touched by two rivers for only $83,000
CAD---That's $70,299.38 US Dollars.
Let me put it to you another way: You can get an acre of land for
$234.33!
This area is close enough to the Newfoundland Ferry and the bustling
town of Sydney that building a resort, bed and breakfast or any type of
tourist accommodation could yield some pretty hefty returns. But if
you're interested in taking it easy, buy the land, build a cottage or
chalet and sit on it.
Trust me, with land like this you can't go wrong.
_____
Check out this beauty:
$40,657.45 USD
Set right on Malcolm's Cove, the waterfront property is close to Baddeck
(15 minutes). So while you may feel like you're living outside of
civilization and drinking in the sublime view of the Bras d'or Lakes -
the world of coffee shops, convenient stores and golf courses is not so
far away.
This is the land you build a summer home on, rent out the rest of the
year and collect rent, all the while watching the land appreciate.
If you're a fisherman or hunter-you will be in Heaven.
At these prices, you can kiss New England goodbye.
- Brooke Hall
Join Brooke next week as she discloses more rare secrets and investment
opportunities through out all of the Atlantic Provinces. Brooke will be
offering a Canadian Confidential Report in the coming weeks. Where's
your next Destination? Let Brooke give you the inside secrets every
savvy traveler needs to know.
posted by Victor Lloyd Smith @ 5:16 PM
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