Carrizo's Blowout Quarter Shouldn't Be Ignored [View article]
It's fairly easy to "press" independent engineers to gin up reserves, so Chip can sweet talk the lenders. Not so easy to push frac completions in the Eagle Ford. Tapering QE and rising interest rates is the biggest threat.
Interoil: Let's Get Ready To Fumble [View article]
In Papua New Guinea, Total acquired in October 2012, subject to the authorities’ approval, a 40% stake, in the PPL234 and PPL244 offshore permits, 50% in the PRL10 offshore permit and an option for 35% of the PPL338 and PPL339 onshore permits. The program includes the drilling of two exploration wells in 2013.
Not a big LNG player in Asia Pacific. Historically oil and lubricants.
Petrobras (PBR -0.5%) reportedly is finding it hard to pump oil at one of Brazil’s largest prospects, signaling its venture with BG Group and Galp Energia may have higher costs or slower development than at other offshore fields. The Iara field is one of Brazil's five largest discoveries, but single deepwater wells there are said to have already cost more than $100M apiece. [View news story]
2 $7 Speculative Picks From The Energy Patch [View article]
Synergy is nicely positioned in Colorado. Growth is incremental. There are technical issues pertaining to DCP midstream bottleneck ("high pressure") that may or may not be resolved next year, and Synergy is relying on a turnkey contractor to drill and complete its first four horizontal wells. Good time to take profits and adopt a wait and see posture. The company is ramping up risk beyond its previous success with vertical wells.
The Last Of The 2008 Doomsday Scenarios Is Fading Away [View article]
I think the bailouts, borrowing, and QE dug a deeper hole without fixing asset valuation or leverage. If the Fed stops printing, it all comes crashing down.
Interoil: Let's Get Ready To Fumble [View article]
First of all, let me repeat that I don't have any inside information whatsoever. None. My view is that Oil Search-Exxon-PNG govt might want to add IOC's proved resource of Antelope (not Elk) to the PNGLNG project. It would be little or no money upfront, but qualified partners would build out gas gathering and jungle pipeline, so it's a positive for IOC. It's conceivable that Exxon could pay cash for Antelope+Elk+leads to add booked reserves replacement which is a chronic problem for XOM and other majors incl Shell and Total, who were also mooted as "bidders." In that reserves scenario no gas is ever produced, which PNG govt probably doesn't like because they won't get any revenue from it. My take is that IOC has no bargaining position at all. It's purely a question of what the PNG govt wants to do, with who, and how much cash is involved under the table to various tribal chiefs. Shell & Total have more flexibility in that regard.
Approach Resources Offers Levered Exposure To The Up-And-Coming Wolfcamp Shale [View article]
First of all, congratulations on posting your first SA article and being selected as an Editor's Pick, a distinction that recognizes good work.
I've given the matter some thought, and I agree that the potential upside for AREX and most other minnows is to be acquired and/or hooking a foreign sovereign investor. Shale certainly isn't worthwhile as a standalone business investment as such. The fact that such companies are created and debt financed says more about QE and ZIRP than the Wolfberry as a geological play.
Chesapeake Granite Wash Trust - The Good, Bad, And Ugly News In Q1 Results [View article]
I think we're screwed, no matter which party is in office. Climate change meme is taught in every grade school, backed by tenured higher ed and the MSM.
Chesapeake Granite Wash Trust - The Good, Bad, And Ugly News In Q1 Results [View article]
"Reducing dependence on oil and reducing greenhouse gases are two major challenges in today’s U.S. energy systems... Driven by environmental, economic, and social impacts, President Obama has set the following specific targets:
• Reduce energy-related greenhouse gas emissions by 17% by 2020... • By 2035, 80% of America’s electricity will come from clean energy sources. • Put 1 million electric vehicles on U.S. roads by 2015...
"Petroleum use will be decreased by raising fuel economy standards, gradual electrification of the vehicle fleet, and increasing production of advanced biofuels." [DOE Strategic Plan, May 2011]
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In other words, kill the oil industry and subsidize Tesla, GM, Cummins.
Playing A Breakout In Oil Services [View article]
Breaking Down The Alerian Index Round II: Enterprise Product Partners [View article]
Carrizo's Blowout Quarter Shouldn't Be Ignored [View article]
Tapering QE and rising interest rates is the biggest threat.
Interoil: Let's Get Ready To Fumble [View article]
Not a big LNG player in Asia Pacific. Historically oil and lubricants.
Is This Oil-Weighted Energy Producer Overvalued After The Recent Price Surge? [View article]
Petrobras (PBR -0.5%) reportedly is finding it hard to pump oil at one of Brazil’s largest prospects, signaling its venture with BG Group and Galp Energia may have higher costs or slower development than at other offshore fields. The Iara field is one of Brazil's five largest discoveries, but single deepwater wells there are said to have already cost more than $100M apiece. [View news story]
2 $7 Speculative Picks From The Energy Patch [View article]
Freeport McMoRan's Acquisitions And Prospects Grow [View article]
The Last Of The 2008 Doomsday Scenarios Is Fading Away [View article]
The Last Of The 2008 Doomsday Scenarios Is Fading Away [View article]
What happens if interest rates rise?
Interoil: Let's Get Ready To Fumble [View article]
Approach Resources Offers Levered Exposure To The Up-And-Coming Wolfcamp Shale [View article]
I've given the matter some thought, and I agree that the potential upside for AREX and most other minnows is to be acquired and/or hooking a foreign sovereign investor. Shale certainly isn't worthwhile as a standalone business investment as such. The fact that such companies are created and debt financed says more about QE and ZIRP than the Wolfberry as a geological play.
Chesapeake Granite Wash Trust - The Good, Bad, And Ugly News In Q1 Results [View article]
Chesapeake Granite Wash Trust - The Good, Bad, And Ugly News In Q1 Results [View article]
• Reduce energy-related greenhouse gas emissions by 17% by 2020...
• By 2035, 80% of America’s electricity will come from clean energy sources.
• Put 1 million electric vehicles on U.S. roads by 2015...
"Petroleum use will be decreased by raising fuel economy standards, gradual electrification of the vehicle fleet, and increasing production of advanced biofuels." [DOE Strategic Plan, May 2011]
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In other words, kill the oil industry and subsidize Tesla, GM, Cummins.
This Supermajor Is Down But Not Out [View article]