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Welcome Visitors
Timely Topics
Current Month Special topics
 Lazy Portfolio
 Shale Gas
 On-line info for Share Buy Back & Dividends
Investment Learning Opportunities
Inputs from Attendees on future topics
Inputs from Attendees: Open Discussion
Next Month

 Thank you for visiting with us tonight
 You’re invited to join the 1960 PC Users Group and attend any or all of the six Special Interest Groups .
 The annual dues for you and your spouse to attend the meetings and events is $40/year
 See our website: www.1960pcug.org
for more details and also for copies of prior presentations and resources
 We have membership application blanks available tonight.

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Agenda
Welcome Visitors
Timely Topics
 How to beat the Market

 Per the WSJ, some newsletter publishers / money managers have devised a simple way to “beat” the S&P, including:
 CNBC’s Cramer’s Action Alerts Plus: “My Portfolio is Crushing the
Market”
 MarketWatch’s The ProActive Investor
 How do they do this?

 They simply delete dividends from the performance from the S & P and yet still include it their portfolio’s performance
 Cramer showed the S & P return since 2002 at 15.5% vs. his portfolio at 39.2%
 If you add dividends back in to the S & P, its return is 38.3%
 So Cramer is ahead by 0.9%, but that is before the trading fees for making the required 774 trades annually, before taxes, and before his $299.95 first year, come-on fee.
 A simple S &P 500 Index Fund would have netted more than
Cramer’s Action Plus Portfolio

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Welcome Visitors
Timely Topics
Current Month Special topics
 Lazy Portfolio
 Shale Gas
 On-line info for Share Buy Back & Dividends

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Shale Gas Plays
Understanding the basic drilling process
Northern Oil & Gas, Inc. • Horizontal Drilling

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Shale Gas Plays
Understanding the basic drilling process
Northern Oil & Gas, Inc. • Horizontal Drilling
 Environmental / Regulation Issues:
The industry is regulated by state statutes, not the Federal Safe Water Act
Disclosure of proprietary fracking chemicals has been a concern, but several in the industry now reveal them voluntarily
Both Federal and State regulations today require casings to protect fresh water aquifers from drilling fluids
A new Texas law requires disclosure of all chemicals by 2013
 http://fracfocus.org/
TransCanada Pipeline was denied permission to restart its Keystone Pipeline from
Alberta into Cushing, OK.
Unreasonable? They’ve had 11 leaks in past 11 months

Shale Gas Plays
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Economics
 What shale gas has done for US Natural Gas Market:
World Prices of Natural gas
Cheniere Energy got approval May 20 to export 2.2 bcf/day of LNG from its Sabine Pass LA plant for 20 years. Its shares jumped 50%. An attractive investment?
US: $4.00
Europe: $8.00
Asia: $14.00
 Its first income is expected in 201 6
 Natural gas price in US surged to 10 month high June 3 rd — Usually goes down as winter season ends. What’s going on?
Nuclear Maintenance is about one to two months longer than usual this year

By Al Williams:
For more information: www.OilShaleGas.com
www.ShaleOilPlays.com
These are blogs that give a lot of specific information about the shale energy industry

By Al Williams
OIL & GAS SHALE PLAY RESOURCES www.chk.com
Chesapeake Energy Web Site go to Quick Links go to Education Library animations videos publications fact sheets www.oilshalegas.com
www.shaleoilplays.com
www.HartEnergy.com
reports and directories for purchase

By Al Williams
ONSHORE SHALE PLAYS -- from JIM CRAMER
6-3-11
BAKKEN SHALE North Dakota & Wyoming
HES
EOG
CLR
WLL
HESS
EOG RESOURCES
CONTINENTAL RESOURCES
WHITING PETROLEUM
EAGLE FORD
SHALE
EOG
HK
PXD
South Texas
EOG RESOURCES
PETROHAWK
PIONEER NATURAL
RESOURCES
PERMIAN BASIN West Texas & Southeast New Mexico
EOG
HK
PXD
SD
EOG RESOURCES
PETROHAWK
PIONEER NATURAL
RESOURCES
SANDRIDGE source: www.cnbc.com/id/43268393

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▪ provides specific companies Buy Back Announcements
▪ Tracks overall industry trends and gives some specifics
▪ Provides specific recommendations for promised big yields
▪ In the top 9 for Hulbert’s Financial Digest rating service

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Welcome Visitors
Timely Topics
Current Month Special topics
 Lazy Portfolio
 Shale Gas
 On-line info for Share Buy Back & Dividends
Investment Learning Opportunities

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June 13 th , MondayThe Woodlands Economic Forum (TWEF)Mitchell Library at 8125 Ashlane Drive (across from YMCA) in the Woodlands
-- 10 am to noon : Open discussions on Economic Issues
June 20th, MondayWoodlands Investment Group (TWIG) meeting-
Montgomery County Library at 2101 Lake Robbins Drive. Topic: Members sharing specific security recommendations and exchange market information
-- 10 am to noon.
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June 21st, Thursday – Fidelity Seminars at the Woodlands Fidelity office at
1701 Lake Robbins Drive:
Fidelity’s Trading Advantage-- -- 10 am to around noon
Bond Investing Beyond Yield- A Deeper Dive – 2:00 pm to around 3 pm
 June 27 th , MondayThe Woodlands Economic Forum (TWEF)Mitchell Library at 8125 Ashlane Drive (across from YMCA)
-- 10 am to noon : Open discussions on Economic Issues

 July 11th, MondayWoodlands Investment Group (TWIG) meeting-
Montgomery County Library 2101 Lake Robbins Drive. Topic:
Members sharing Specific security recommendations
-- 10 am to noon.
July 14 th , Thursday- PCUG’s Investment SIG Meeting
CCCCC Room 30, 6823 Cypresswood Drive
Topic: How to invest to reduce risk and increase returns—a more sophisticated methodology: By John Hawkins

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Welcome Visitors
Timely Topics
Current Month Special topics
 Lazy Portfolio
 Shale Gas
 On-line info for Share Buy Back & Dividends
Investment Learning Opportunities
Inputs from Attendees on future topics

Candidate subjects:
American Association of Individual Investors’ Concept of “The Other Stock Market”
Hedge Funds
My investment approach using funds instead of stocks
Technical Analysis as a guide to investing
Various Sector Investments
How to find and evaluate investment candidates
Options Trading (Guest Speaker?)
On line sources of investment information
Others? I welcome additional suggestions
(Not in any order or priority listing)
Also it particularly enhances the attractiveness of the meetings when we could find some guest speakers on special topics. If you know a candidate, please let me know.

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Welcome Visitors
Timely Topics
Current Month Special topics
 Lazy Portfolio
 Shale Gas
 On-line info for Share Buy Back & Dividends
Investment Learning Opportunities
Inputs from Attendees on future topics
Inputs from Attendees: Open Discussion

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Agenda
Welcome Visitors

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Timely Topics
Current Month Special topics
 Shale Gas
 Other
Investment Learning Opportunities
Inputs from Attendees on future topics
Inputs from Attendees: Open Discussion
Next Month

On July 14 th , our next Investment SIG Meeting, John Hawkins will present information on how he has achieved double digit returns on his portfolio over the last five years.
John is the host of The Woodlands Economic Forum that meets normally at the
Mitchell Library in the Woodlands on alternate Mondays from 10 am to noon.
John uses various strategies and techniques that are practiced by the successful hedge fund managers. These are sometimes simple in principle but require some detailed knowledge and training that is available from industry sources.
He presented this information in May 2010 to The Woodlands Investment Group and it was very well received. I think our SIG attendees will find it very interesting and useful

That’s all for tonight!