Natural Gas Forums

Natural Gas/Oil Government Laws & Regulations => Federal Bills & Regulations => Topic started by: macal on June 12, 2018, 07:53:37 AM

Title: Transportation Contracts
Post by: macal on June 12, 2018, 07:53:37 AM

   A Federal Court has ruled that if a company that has a contract to transport their gas to market goes bankrupt that the transportation contract can be voided.
Title: Re: Transportation Contracts
Post by: ghrit on June 12, 2018, 08:08:04 AM
How is that a surprise?
Title: Re: Transportation Contracts
Post by: macal on June 12, 2018, 10:21:04 AM

   Just good news.
Title: Re: Transportation Contracts
Post by: ghrit on June 12, 2018, 11:24:14 AM

   Just good news.
Why good? What gas carrier in our area is going bankrupt?
Title: Re: Transportation Contracts
Post by: macal on June 12, 2018, 12:21:00 PM

  Ya never know.
Title: Re: Transportation Contracts
Post by: ghrit on June 12, 2018, 12:24:43 PM

  Ya never know.
Well, we can be reasonably sure you won't.  What a useless thread this turned into.  Bye.
Title: Re: Transportation Contracts
Post by: macal on June 12, 2018, 12:37:13 PM

  Bye Bitter Man.
Title: Re: Transportation Contracts
Post by: kenneth12 on June 12, 2018, 03:07:50 PM
Bye Bitter Man.
Typical of derisive diversonal comments commonly overused by Socialist Progressives (and this type are not really Liberals, although y'all would like to claim that name.) to spoil an attempt at any discussion that you are not capable of winning - which would be almost any discussion at all.  This tactic has gotten old, so very very old, and is close to coming back to bite y'all in the a$$.
Title: Re: Transportation Contracts
Post by: macal on June 12, 2018, 04:42:19 PM

  I dont mind be called a progressive at all. I still say you guys are bitter.
Title: Re: Transportation Contracts
Post by: macal on June 12, 2018, 07:36:25 PM

   Just good news.
Why good? What gas carrier in our area is going bankrupt?

  You just never know.
Title: Re: Transportation Contracts
Post by: ghrit on June 12, 2018, 07:59:39 PM

  I dont mind be called a progressive at all. I still say you guys are bitter.
Why should we be bitter?  Except for wolfie's taxing plans, life is good.
Title: Re: Transportation Contracts
Post by: aubrey on June 16, 2018, 02:48:53 PM
Bye Bitter Man.
Typical of derisive diversonal comments commonly overused by Socialist Progressives (and this type are not really Liberals, although y'all would like to claim that name.) to spoil an attempt at any discussion that you are not capable of winning - which would be almost any discussion at all.  This tactic has gotten old, so very very old, and is close to coming back to bite y'all in the a$$.

ever wonder where the term, "useful idiot" came from?

https://www.youtube.com/watch?v=y3qkf3bajd4&t=3573s

that is an old, and very dated interview. skip to 54:30 for a still relevant explanation of the relationship between American leftists, and those whom they idolize.

our modern social justice warriors, specialize in labeling. they'll throw anything up against the wall hoping it sticks for a while. nothing is beneath them really. "Nazi" "racist", and now "bitter old man", when none of these terms are in the least applicable, especially to people they are not even familiar with.

it's just what useful idiots do to attempt to gain a sense of relevancy. same as virtue signaling, another lame device used by progressives to make themselves look better....to themselves. 

vir·tue sig·nal·ing

noun

noun: virtue signalling

the action or practice of publicly expressing opinions or sentiments intended to demonstrate one's good character or the moral correctness of one's position on a particular issue.

wj
Title: Re: Transportation Contracts
Post by: macal on June 16, 2018, 03:19:34 PM

  You guys seem bitter especially when it comes to politics. Between Rush and Fox and Beck and Savage. You people are bitter.
Title: Re: Transportation Contracts
Post by: ghrit on June 16, 2018, 05:38:50 PM

  You guys seem bitter especially when it comes to politics. Between Rush and Fox and Beck and Savage. You people are bitter.
Bitter?  Laughing while watching you and your sycophants shoot your own insteps.
Title: Re: Transportation Contracts
Post by: macal on June 16, 2018, 06:42:05 PM
Bye Bitter Man.
Typical of derisive diversonal comments commonly overused by Socialist Progressives (and this type are not really Liberals, although y'all would like to claim that name.) to spoil an attempt at any discussion that you are not capable of winning - which would be almost any discussion at all.  This tactic has gotten old, so very very old, and is close to coming back to bite y'all in the a$$.

     Calling some of you boys bitter is a far cry from what I have been called here. The beauty is that it is all here in print. Thanks Ron.
Title: Re: Transportation Contracts
Post by: macal on June 16, 2018, 06:48:57 PM

  Getting back to topic. A federal court has ruled that if a gas producer goes bankrupt that the pipeline contracts can be renegotiated. If Chesapeake were to go bankrupt maybe me and you wouldn't be paying $1.80 in deductions on 1 mcf of our gas. Just saying. Now that would be a great thing for me as only a small portion of my gas has been developed. Not the case for many of my friends .
Title: Re: Transportation Contracts
Post by: aubrey on June 16, 2018, 09:25:02 PM
seems to be a lot of bitterness in you, over the terms of the lease that you are bound to chk with...forever.

us old guys.....we're living the dream. mailbox money every month, lunch with the boys once in a while to laugh about liberal hysteria.

speaking of chk though. they hit it big with one of their oilfields in texas. stock price has recovered nicely. huge profit for anyone who took a chance on them at $2.50 a few months back. but being bitter about your circumstances, I doubt that you doubled your money with them.

wj
Title: Re: Transportation Contracts
Post by: macal on June 16, 2018, 09:46:43 PM

  Wouldn't touch their stock with a ten foot pole. Everyone is suing them. Kinda like the Donald.
Title: Re: Transportation Contracts
Post by: aubrey on June 16, 2018, 11:00:32 PM
your loss...my gain, you bitter little man.

wj
Title: Re: Transportation Contracts
Post by: macal on June 17, 2018, 07:37:56 AM

   You a need a little gain. I would bet that you have lost a small fortune betting on Chesapeake stock over the years.
Title: Re: Transportation Contracts
Post by: ghrit on June 17, 2018, 07:55:16 AM

  Getting back to topic. A federal court has ruled that if a gas producer goes bankrupt that the pipeline contracts can be renegotiated. If Chesapeake were to go bankrupt maybe me and you wouldn't be paying $1.80 in deductions on 1 mcf of our gas. Just saying. Now that would be a great thing for me as only a small portion of my gas has been developed. Not the case for many of my friends .
You must try to remember that contracts represent a meeting of the minds.  Accordingly, if both minds agree, a contract between them can ALWAYS be renegotiated.  There is NO requirement for a court to tell us that.  Methinks that there are other questions of law in that case that you have not related.
Title: Re: Transportation Contracts
Post by: macal on June 17, 2018, 08:09:34 AM

  My take is that the bankruptcy voids the contract.
Title: Re: Transportation Contracts
Post by: aubrey on June 17, 2018, 03:38:22 PM

   You a need a little gain. I would bet that you have lost a small fortune betting on Chesapeake stock over the years.

you lose that bet, much like your bets on chk leaving pa. somehow.

chk and swn have been consistent winners for me, along with rexx and wres before they went bankrupt.

your bitterness has cost you a great deal. not just money, but also respect, but then...you didn't have much to lose there.

wj
Title: Re: Transportation Contracts
Post by: macal on June 18, 2018, 12:26:23 AM

  You just win win win. Just like Donald says ' you're gonna get tired of winning'
Title: Re: Transportation Contracts
Post by: Wax on June 18, 2018, 01:37:34 AM
Cal, think of the stock market, as a lottery ticket, you do not throw away at the end of the day. Chk was around 100 dollars at one time. If you bought it high,its still worth something. I have several stocks I bought and sold 5+ times. Get the Wall Street Journal and throw some darts, at the pages. You may pick a big winner. Stocks are rigged and comments by analyst, send them up or down. If the broker sold all his shares, bad remakes are in order. He wants to buy shares back at a much lower price. Reading historical stock charts, is the key to make money in stocks. Timing is everything. When the bottom falls out , cash is king and some real fire sales. Can have fun and make money at the same time. But only play with what you could afford to lose.
And your not bitter. :) You a gentleman.   
Title: Re: Transportation Contracts
Post by: macal on June 18, 2018, 06:25:12 AM
  Wax, I never have been a stock player. I prefer doing some things with real estate. That can get hairy too. But I have been lucky with it. We do have a decent size retirement account managed by a friend through Wells Fargo. Im ready to take those accounts elsewhere . Any suggestions?
Title: Re: Transportation Contracts
Post by: ghrit on June 18, 2018, 09:12:37 AM
  Wax, I never have been a stock player. I prefer doing some things with real estate. That can get hairy too. But I have been lucky with it. We do have a decent size retirement account managed by a friend through Wells Fargo. Im ready to take those accounts elsewhere . Any suggestions?
Matty, your fund manager is NOT your friend; get rid of that idea right effin' now.  You are paying hesheit for a service, and they know that keeping you happy by pretending to be a friend is how they keep clients on the hook.

For you, I'd suggest managing your account(s) and holdings yourself and save the management fees and bleeds.  If you can handle real estate, you should be able to handle stocks and bonds without much difficulty, the market moves faster being the main difference.
Title: Re: Transportation Contracts
Post by: Wax on June 18, 2018, 10:30:02 AM
Ghrit is right on this topic. I have managed my account the last thirty years. Stocks were easier back than. Fund managers and most clients have had a field-day the last 10 years.   If you plan on retiring soon,  stay conservative. And look at after tax monies to figure your true income. Get yourself a 2018 tax software program and put in your estimated income. It will ring it up, and spit out your tax bill. Might give you a surprise. In reality it is the definition of "tax differed".
Like Ghrit said, the market moves fast. Example 400,000 MCI Worldcom workers lost their retirement fund in a few days. Good luck.
Title: Re: Transportation Contracts
Post by: ghrit on June 18, 2018, 03:41:31 PM
Matty:  Please do NOT take my observation above as advice to manage your own portfolio.  With your well known inability to stick to a subject, you will lose your shirt and most of the rest of your clothes in minutes.
Title: Re: Transportation Contracts
Post by: macal on June 18, 2018, 03:57:01 PM

  Good advice. Bad Gambler. I like real estate.