Tiền mặt là vua. Vậy nữ hoàng là ai?

Tiền mặt là vua. Vậy nữ hoàng là ai? Là câu hỏi luôn gây băn khoăn vì ai cũng muốn vua cưới nữ hoàng rồi sinh con đẻ cái sòn sòn.
Người thì bảo nữ hoàng là đất đai bất động sản, kẻ thì nói dầu, vàng rồi chứng khoán, phái sinh...có người lại nói là giá trị ròng, dòng tiền...nghe rất đa thê. Nhưng tin tốt cho nữ hoàng là vua giờ cũng nhan nhản.

Hôm nay ngồi đọc cash is king. Thắc mắc vậy nữ hoàng là ai.
Gúc ra vô số đáp số

1. Cash là king hay queen do mình. hehe hifi

2. Nhiều đáp án. Vẫn trò trọng nam khinh nữ: đa thê

Nó đây:

If Cash is King, then is Land Queen?

DECEMBER 1, 2010 16 COMMENTS

The old adage that cash is king in real estate transactions has probably been more true over the last few years than ever before due to tight credit markets.  If a buyer can put down the cash and close in less than 30 days then a seller is usually willing to make some concessions if they are serious about selling and the concession is almost always in price.

However, I think when it comes to land that maybe the royal marriage of Cash and Land is not the match made in heaven that we think it is as so many of the royal matrimonial unions have shown us over the years.

Why would land sellers care less about cash offers?  Who doesn’t want a cash offer?  A few recurring factors seem to be at the core of the issue.

#1 Land Sellers want to sell but do not have to sell.

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Really?  Yes, really.  Over half and probably more like 75% of all of our sellers own their land free and clear.  It has typically been in the family for quite some time and usually one or more of the owners uses the land on a regular basis or enjoys income from it. I think the longer days on the market history of land that we see is a reflection of this thought process.

#2 Land Sellers are more emotionally attached than home sellers.

Again, yes really.  Jonathan Goode recently posted an article here on LandThink aboutnaming places on your land and his article illustrates that point perfectly.  Land sellers will share stories of their grandchild’s first hunt or first caught fish or where their Dad taught them to drive the tractor.  We all feel a connection to the earth and land sellers are particularly devoted to land that they grew up on. They will get insulted by lowball offers just as much as a homeowner does and maybe even more so at times.

#3 Land Sellers usually receive some type of income from their property.

More often than not the land seller has some type of income generation on the property whether it is farmland, hunting leases, pasture grazing rental or even billboard sign income.  This income also typically completely offsets their holding costs so in essence they have no pressing need to sell.

Ok so at this point you may be wondering why they are even selling.  The news media has blasted farmland as the best thing since sliced bread lately and sellers are probably trying to time the market just right.  Others have had a death in the family and the heirs are ready to move on but they will not give it away. Some even just try to test the market.  But in the end the thing I hear most often from land sellers is that they want the real estate transaction to be good for both them and the buyer. They believe the right person at the right time will gain as much enjoyment, benefit or income from the property as they did and so they just hold out for that buyer.

My Granddad always told me that things work out for a reason and I believe that.  So if you are offering cash lowball offers and getting nowhere then maybe there is a good reason.  Contemplate it and figure out what your goals are regarding owning land and try again because the right seller is out there for you.

THINK BIG THINK MONEY

Cash is King, Net Worth is Queen

12 Comments

Cash is King. Period.

Okay, net worth is queen. Second period.

It is that simple. Always, always think about cash flow when it comes to your money. If all the big businesses are looking at cash to make sure the business is doing okay, why shouldn’t you do the same?

Cash flow matters, no matter what your net worth is. But you still have to know your net worth (Assets – Liabilities). But what pays your bills is cash, not your net worth.

It your monthly cash flow is negative, it doesn’t matter even if your net worth is $1 million dollars. And If you don’t do anything, you will eventually go broke before your broke point.

Every financial decision you make, think about your cash flow. A lot of people buy real estate that end up making a hole in their pocket. [Note: If you're deciding whether  to buy or rent, use this calculator to see if the number makes sense.]

Net worth is important in the sense that it gives you an idea of what your overall financial situation is. And when you run out of active job income, you can convert your remaining assets into income.

For illustration, say both Smart Johnny and Dum Dum have a positive cash flow of $200 every month, but Smart Johnny has a net worth of $10,000, while Dum Dum has a net worth of $0.

Now, if they could keep the cash flow consistent month to month then it’s okay. But Dum Dum would easily go broke if 2 things happen:

·         1) He gets laid off for a month, and he is totally surprised.

·         2) He spends more than his income for a month, after going wild in a party and spending 500 bucks on booze.

On the other hand, Smart Johnny is cool because he can rely on his emergency fund if something bad happens.

There’s also an opportunity cost for Dum Dum. If a great money making opportunity comes along, Dum Dum would not be able to take advantage of it, whereas Smart Johnny can use his savings to invest in the opportunity.

It’s true that Smart Johnny might have to take some level of risk in the venture, but he has a better shot at getting rich than not doing anything at all. And because you’re smart, you will not be satisfied with just being safe all the time anyway!

So…focus on the dollars, then your net worth. You will get rich faster than most people.

The Personal Finance School Series:

1. Personal Finance School: An Introduction to Effective Personal Finance

2. Cash is King, Net Worth is Queen

3. Why and How You Should Kill the Debt Monsters

4. Personal Finance Automation: The Art of Doing Nothing with Your Money, or Not?

5. How You Can Spend, Save, and Earn Half A Million Dollars

6. Your Money Will Work for You 24/7, If You Are Willing to Work FIRST

7. Why Investing Deserves Another Round of Lesson

8. The Most Important Personal Finance Lesson of All…

If Cash Is King, Barter Is Queen: Value Card Alliance Brings Barter Into the Mainstream

PHOENIX, AZ--(Marketwire - January 31, 2011) - In today's business climate, it's no secret that cash liquidity is the name of the game. However this is a catch-22 for many who are trying to grow their business. As small business owners are attempting to cut costs to preserve precious cash resources, they are forced to cut back on much-needed marketing and employees.

The challenge is clear: Small businesses need to increase their sales, but people are holding tightly onto their cash more now than ever. This makes the selling process more difficult, thusbusiness growth is stunted.

"Many small businesses are offering steep discounts to keep cash coming and their doors open," says Brian Beal of Value Card Alliance, a Phoenix based barter company. "But there isa better way -- a way to cut costs, increase profits and accelerate sales revenue: 'Barter!' Barter can fill empty seats in restaurants, fill vacant billable hours that are sitting useless, move excess inventory at retail rates and generate cash referrals."

According to many Value Card members, barter allows you to pay for things that you would normally have to pay cash for like Marketing, Dentists, Chiropractors, Dining, Dry Cleaning, Printing, Clothing, Employee Benefits, Home Improvements, Car Washes and more. Professional services, such as attorneys, accountants, and medical services, are also available on barter. For small businesses unable to provide medical and dental insurance to their valued employees due to budget cuts, barter has become a viable tool to keep in stride. Now small businesses can offer quality medical and dental plans to key employees without having to spend precious cash.

"It amazes me how few people are even aware that this service is available," says Christie Acevedo, Beal's partner. "It solves so many problems that plague the small-business owner today. If cash is King, then Barter is definitely Queen. Once small business owners who have never used a professional bartering service understand the value of barter business, they learn how to incorporate it into their lifestyle permanently. It does require a tad bit of creativity and out of the box thinking, however."

There are more than 400,000 small businesses in Arizona today. A small percentage of these businesses have gone unaffected by the current downtrend in the economy -- and the same small number of businesses has incorporated barter as a tool to hedge against current recessionary trends. That number is changing quickly as more small businesses discover the buying power of barter trade.

Cash is King, Cash Flow is Queen

Saskatchewan Cash Flow & Australian Bluesky

By Richard (Rick) Mills
Ahead of the Herd

May 12, 2010 (Investorideas.com Newswire)

As a general rule, the most successful man in life is the man who has the best information

There are three things every energy investor needs to know about oil:

Firstly, since the early 1980s new discoveries have failed to keep up with the global rate of oil consumption.

The second thing is:

China's General Administration of Customs published figures showing imported oil in December hit a record 21.3 million tons which pushed the country's 2009 total oil imports to 204 million tons. Imported crude oil accounted for 52 percent of the country's total oil consumption last year.

Third production is already rapidly declining from some of the world's largest fields. Oil production from the world's top +200 projects peaked in 2009 and production levels are seen to be falling for the forseeable future.

To summarize:

• Goldman Sachs says 2010 oil demand growth will deplete historically high inventories over the next 12 -18 months
• Diminishing production rates in key areas around the world will create a supply/demand imbalance
• New discoveries are not on pace to replace consumption

In this article I'm going to introduce you to a company that is doing greenfields exploration in a frontier area that seems to have "the right stuff" - individual trapping situations are estimated to hold up to 230 million barrels of energy (boe) in place at depths of 300 to 900 meters. The company expects to pay for a very large majority, if not 100%, of their exploration and drilling expenses with free cash flow from their Canadian oil/gas production.

Texalta Petroleum Ltd. TSX.v – TEX.A

Shares Issued: 35,108,750
Warrants and Options: 2,464,604 (options, weighted average exercise price of .31)
Fully Diluted: 37,573,354
Insider Ownership: 27%
Institutional ownership: nil

Texalta's Canadian operations are in southeastern Saskatchewan where:

• Texalta holds working interests ranging from 16.5 to 71.6 percent in 16 producing oil wells
• Texalta has created the infrastructure required to market its own production and generate revenue through its 32.82% ownership interest in two processing facilities.
• Texalta is the operator and 47.5 percent working interest holder of the Wordsworth project area
• TEX.A is a joint venture partner in the Queensdale/West Queensdale area with working interests ranging from 28.89 to 73.12 percent
• Texalta has 50 percent working interest in the Wildwood/West Wildwood project
• Texalta holds significant working interests in developed and undeveloped prospects in the South Wildwood, Carlyle/East Carlyle, and South Queensdale areas of southeast Saskatchewan
• Texalta also holds a 47.5 percent working interest in 2000 acres of prospective Bakken rights located below the prolific Mississippian (Alida) pool at Wordsworth, Saskatchewan.

Wordsworth - Drilling operations at Wordsworth commenced on May 15, 2006 resulting in a new pool discovery.

The Wordsworth area now sports a fully operational processing facility including a salt water disposal well and flowline.

Texalta holds a 47.5% working interest in the Wordsworth project area and is the operating partner. As of the end of March 2010 Woodsworth is producing 258 bbls per day of which 114 bbls per day is net to TEX.A

The Wordsworth project area consists of more than 4,000 acres of Crown and Freehold mineral leases. The Wordsworth pool can potentially accommodate an additional 8 wells.

West Queensdale - Drilling operations began in November 2006 at West Queensdale, Saskatchewan. Texalta (25.55% working interest) and partners drilled two development horizontal wells on the eastern side of the project area, which offset a step out vertical well at 8-25-6-2 W2 that produces from the Mississippian (Alida) formation. West Queensdale is an older field with 11 producing wells.

West Wildwood - At West Wildwood, Texalta (50 percent working interest) and its partners have 800 acres of Crown and freehold mineral leases, with extensive seismic coverage.

Drilling operations were completed on July 11, 2007 on the Petrex Texalta Wildwood West HZ 4A16-34 / 4D4-2-7-2 W2 and by mid November 2007 the well was tied into the processing facility at 8-26-6-2 W2M.

This well was the first horizontal test on a linear structure about one and a third miles long and 1/3 mile wide. The well can be termed a new pool wildcat - which is a well on a separate feature outside the limits of a defined pool but productive from the same zone as a nearby pool (Wildwood). The structure can accommodate at least four horizontal wells; one parallel to the first about 150m NW and then two more to the south parallel to the first.

West Wildwood currently has one producing well. Between West Queensdale and West Wildwood production at the end of February 2010 totaled 47.5 boe per day for net to Texalta of 29 boe per day.

Current Free Cash Flow (FCF) after Operating and Capital Expenditures (in thousands of $'s)

Barrels of energy per day boe/day - dark blue
Free cash flow - light blue

Free cash flow total over last 12 months: $737,000.00
BOE/per day average over last 12 months: 122
*2009 – 09: September drilling costs HZ 1B1, Completion costs HZ 1C2
**2009 – 12: Drilling costs HZ 1B4

Cash: $751,792.07
Term Deposits: $409,136.63
Total: $1,160,929.70
Debt: Nil

Georgina Basin, Northern Territory, Australia

Texalta, through its wholly owned subsidiary Texalta Australia Pty Ltd., holds a 50 percent working interest in 5.5 million acres of Exploration Permits in the Georgina Basin, Northern Territory ("N.T.") of Australia.

In a presentation entitled "Onshore Hydrocarbon Potential – 2006" the N.T. Geological Survey identified several seismic based leads with potential oil pools in the 70 to 230 million barrel range.

The Georgina Basin is a large intracratonic basin and covers most of the central-eastern part of the Northern Territory and is one of the most prospective undeveloped onshore petroleum provinces in the Northern Territory.

Intracratonic basins are worldwide in occurrence - other well-known intracratonic basins are the highly productive Williston Basin (located in North Dakota and Montana in the U.S. and Saskatchewan, Canada) and the Parana Basin in South America.

The Cambrian strata of the Arthur Creek (Georgina Basin) is considered to be similar to the Mississippian succession of Western Canada that has produced more than ten trillion cubic feet of gas and one billion barrels of oil.

Although the Georgina Basin has not had a discovery to date the region is believed to have all of the prerequisites needed for oil and gas entrapment, migration and production. Individual trapping situations in the Georgina Basin are estimated to hold up to 230 million boe in place at depths of 300 to 900 meters.

Approximately 90% of the Northern Territory's prospective onshore basins are currently under license or application, compared to less than 10% a few years ago. The significant increase in land area under license or application suggests a growing interest in the area among exploration and producing companies.

In June 2009 Texalta Australia Pty. (TAPL) completed a 240 kilometer 2D seismic program.

Joint venture partner Georgina Basin Energy Pty. Ltd. (GBE) has been appointed operator of the project and upon full expenditure of the remaining agreed upon earn in funds - $3.25 million held in trust - will have fully earned its 50% working interest in the permit areas.

The Future

Texalta recently announced that pursuant to a Letter of Intent dated September 14, 2009, Texalta and Rogers Oil and Gas intend to enter into a more definitive Exploration and Development Agreement. The Agreement will outline the drilling program for a combination of up to 20 development and exploration wells in the Wordsworth, West Queensdale and Wildwood project areas in southeast Saskatchewan.

The capital input from Rogers (or its affiliates) may range as high as $22.4 million to be cash called on a well by well basis. To date, Rogers or its affiliate, has participated in six drilling projects with Texalta and partners since 2008.

The current drill program, which started the 28th of April 2010 consists of three wells:

• West Wildwood HZ Alida
• West Queensdale HZ Alida
• West Queensdale HZ Alida

The August drill program currently has two wells scheduled to be drilled:

• West Queensdale HZ Alida
• Wordsworth HZ

Planned wells:

• Carlyle Deep Vertical
• Wordsworth Horizontal
• Wordsworth Deep
• Wordsworth Vertical Alida
• Alamada Deep Undetermined
• Wordsworth HZ
• West Queensdale HZ Alida

Texalta is fully funded for its current and anticipated August drilling program in the Wordsworth, West Wildwood and West Queensdale areas.

Bakken

The Bakken oil formation lies in the Williston Basin, a geological formation in the north central U.S., underlying much of North Dakota, eastern Montana, northwestern South Dakota, southern Saskatchewan and Manitoba, Canada.

The presence of the Bakken formation (located below the prolific Mississippian (Alida) pool at Wordsworth, Saskatchewan) is confirmed in wells to the north and south of the prospect area.

Texalta's plans for drilling their Bakken acreage is to lay off the risk of drilling these wells to farm in partners.

Australia

The southern Georgina Basin is a large petroleum exploration province which in the current oil price environment offers companies attractive and cheap entry acreage for explorers targeting green field exploration in basins with shallow oil potential.

Given the gas flow from Ethabuka-1 (recovered gas at 6,000 m3 per day - 240,000 cfd) deeper gas prospects in the Toko Syncline should also have a high priority.

Texalta Australia and joint venture partner Georgina Basin Energy GBE (GBE is a wholly owned subsidiary of Australia Energy Corporation - AEC) have been engaged in meetings and preparations for the next seismic program (additional seismic data is necessary to identify four way closure on generated targets) which will cover 300 to 500 km and is anticipated to start by June of 2010 subject to receiving all government clearances and approvals. This seismic program will be paid for by the $3.2 million GBE final earn in money held in trust by TEX.A.

AEC has said that it is of the opinion that the geology of the Southern Georgina Basin is analogous to areas of the Western Canadian sedimentary basin, where its team has extensive exploration experience.

"We expect to generate a lot of revenue from Saskatchewan operations which we will use to drill the Australian targets, and at the same time attract farm-in partners." William Nixon, president, Texalta

Key Features:

• Positive cash flow that they have an excellent chance of increasing from their Saskatchewan operations
• No debt
• Low outstanding share count with high insider ownership
• Company management believes that operations should be run from cash flow and not debt or equity financings
• A very small organizational footprint. TEX.A keeps costs low by employing external technical consultants which gives them the flexibility to scale up and down as developments require. Texalta is thereby able to accomplish the same things as much larger companies for a much smaller cost
• The presence of the Bakken formation located below the prolific Mississippian (Alida) pool at Wordsworth, Saskatchewan.
• Enormous bluesky potential combined with first mover advantage in securing their large (5.5 million acres) and very prospective Australian land package

Conclusion

The holy grail for investors in the junior resource sector is finding that very rare company committed to and able to fund exploration activities and drilling from free cash flow.

The information Texalta is releasing in regards to its Saskatchewan operations leads me to believe that they could have a remarkable production and cash flow engine in Saskatchewan, Canada. This free cash flow should pay for exploration and drilling in what is a very prospective and undeveloped onshore petroleum province in the Northern Territory of Australia.

The use of free cash flow to fund activities gives investors maximum exposure to any discovery – if they make one. If not, they can try again without going to the markets for another round of dilutionary financing.

Free cash flow from Texalta's Saskatchewan Mississippian Alida formation wells - plus the potential from deeper zones - funding exploration and drilling activities, matched up with the considerable bluesky potential in Australia makes this company worth having on your radar screen.

Is it on yours?

Richard (Rick) Mills
rick@aheadoftheherd.com
www.aheadoftheherd.com

If you're interested in the junior resource market and would like to learn more please come and visit us ataheadoftheherd.com

Richard is host of aheadoftheherd.com and invests in the junior resource sector. His articles have been published on over 200 websites, including: Wall Street Journal, SafeHaven, Market Oracle, USAToday, National Post, Stockhouse, Casey Research, 24hgold, Vancouver Sun, SilverBearCafe, Infomine, 321Gold, Kitco, Gold-Eagle, The Gold/Energy Reports, Calgary Herald and Financial Sense.

Legal Notice / Disclaimer

This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Richard Mills has based this document on information obtained from sources he believes to be reliable but which has not been independently verified; Richard Mills makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of Richard Mills only and are subject to change without notice. Richard Mills assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, I, Richard Mills, assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information provided within this Report.

Richard Mills does not own shares in any company mentioned in this article

Texalta Petroleum Ltd. is an advertiser on www.aheadoftheherd.com