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Callum Turcan

 
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  • Apache Adds Canyon Lime Oil To Its Growth Portfolio [View article]
    Devon owns 540,000 net acres in the Permian (most/all in Delaware Basin) compared to Apache's 1.7 million net acres spread out across all three basins (Delaware, Midland, and Central Basin Platform) that make up the Permian. Apache is exploring more emerging plays than Devon, as Devon is focusing on developing existing, proven plays while Apache is both developing (ramping up growth) and exploring various shale plays in America and Canada. Apache also has an horizontal program in Egypt. Exploration side I would give it to Apache, largely because Devon isn't really exploring new areas. For development, I would say a tie as both own good acreage in top tier American shale plays.
    Nov 26, 2014. 06:33 PM | Likes Like |Link to Comment
  • Apache Adds Canyon Lime Oil To Its Growth Portfolio [View article]
    Buying into Devon you are banking on the Eagle Ford, Anadarko Basin, and SAGD oil sand projects. Buying into Apache and you are betting on a wider array of assets, with a heavy focus on the Permian, but with upside from the Eagle Ford, Canyon Lime/Wash, a strategic change in the Central region, Montney and Duvernay shale exploration/development, North Sea, Egypt, etc. Devon is more of an North American play while Apache is a play on an E&P player shifting its focus to North America. That isn't to say one is better than the other due to having more or less plays to develop, Apache is a bet on a combination of liquid shale growth and international (offshore and onshore) FCF while Devon is focused on FCF from oil sands and liquids growth from a smaller set of plays.
    Nov 26, 2014. 02:59 PM | Likes Like |Link to Comment
  • Activision First-Read: Call Of Duty And World Of Warcraft [View article]
    The WoW and COD numbers are strong, good to see sub count over 10 million. Activision needs to step up its game and fix some of the bugs with COD:AW or it could lose out on future DLC sales due to disgruntled gamers.
    Nov 24, 2014. 01:41 PM | Likes Like |Link to Comment
  • Activision First-Read: Call Of Duty And World Of Warcraft [View article]
    GTA V is made by Rockstar Games for Take-Two Interactive and Battlefield is made by EA.
    Nov 24, 2014. 01:40 PM | 4 Likes Like |Link to Comment
  • Update: Apache Sells Off $1.4 Billion In Assets To Fund Future Growth [View article]
    At this point in time the ability for OPEC to cut production seems very limited to Saudi Arabia, as countries like Venezuela, Iraq, Iran, Nigeria, Angola, etc, need to keep crude output stable or growing to keep the state coffers full and the economic engine going. This leaves it all up to Saudi Arabia, as they are the only crude producer with the ability to cut output without damaging their finances. Venezuela is smart to reach out to Russia, but reports indicate Russia may not being willing to curb output, leaving it all up to Saudi Arabia yet again. The best to hope for in my opinion is a 250,000 bpd - 500,000 bpd cut, mostly from Saudi Arabia, with a small portion of those cuts coming from the wealthier players like Kuwait or the UAE. If Russia put cuts on the table that would be very supportive of prices, but it remains to be seen why they are sending their "ambassadors" to the OPEC meeting.
    Nov 23, 2014. 02:34 PM | 1 Like Like |Link to Comment
  • Update: Apache Sells Off $1.4 Billion In Assets To Fund Future Growth [View article]
    Personally I think that has finally happened, but the decline in oil prices is prohibiting Wall Street from properly rewarding Apache and its shareholders like yourself. Apache's latest investor update on North America had a lot of positives in it, like officially adding the Canyon Lime play to its drilling inventory with the finding of 800 possible drilling locations. The Eastern Eagle Ford also got a boost as Apache sees 3,000 potential drilling locations on its acreage, versus a questionable amount before. What Apache needs is higher oil prices, and a push from the less financially well off nations like Venezuela and Russia could help make that happen. Saudi Arabia has implied that it wants to keep market share, but a growing number of people see a production cut coming shortly, albeit a small one.
    Nov 22, 2014. 10:26 PM | Likes Like |Link to Comment
  • EOG Resources Has Transformed The Wolfcamp Into A Triple-Digit Play [View article]
    EOG is king when it comes to making shale plays very economical through downspacing, ideal lateral lengths, completion designs, and proppant/fracking optimization.
    Nov 21, 2014. 01:53 PM | 1 Like Like |Link to Comment
  • Chevron Q3 Earnings Review: Permian Operations Strong, International Shale Moving Forward [View article]
    I mean $40 - $50 per BOE. $40 per BOE in the most prolific parts of the play.
    Nov 21, 2014. 04:15 AM | Likes Like |Link to Comment
  • Chevron Q3 Earnings Review: Permian Operations Strong, International Shale Moving Forward [View article]
    Roughly $40 per BOE for horizontal wells in the Permian, depending on what area and what interval the well is targeting.
    Nov 21, 2014. 04:07 AM | Likes Like |Link to Comment
  • EOG Resources Has Transformed The Wolfcamp Into A Triple-Digit Play [View article]
    Other E&P players can leverage EOG's drilling results for their own gain, such as finding part of the oil window on their acreage. It's good news for oil companies attempting to develop the Delaware Basin.
    Nov 21, 2014. 03:51 AM | 1 Like Like |Link to Comment
  • Update: Three Years Later, Chevron And Hess Produce First Oil From Tubular Bells [View article]
    The next big thing to wait for is the impending start up of the Jack and St. Malo fields, which should give its 2014 Q4 and 2015 Q1 production a big boost.
    Nov 18, 2014. 08:08 PM | Likes Like |Link to Comment
  • Earnings Review: Powder River Basin A Big Part Of Chesapeake Energy's Liquids Upside [View article]
    Chesapeake Energy is still a huge part of Seventy Seven Energy's operations, but as SSE tries to diversify its client base, Chesapeake may end up working more with other oilfield services companies like Halliburton, Baker Hughes, Schlumberger, etc. Going forward, Seventy Seven will still be a huge partner of Chesapeake's, and will likely continue to supply many of its rigs and other oilfield service needs.
    Nov 14, 2014. 05:02 PM | 1 Like Like |Link to Comment
  • Chevron Q3 Earnings Review: Gulf Of Mexico And Gorgon LNG [View article]
    Chevron is a better bet than IBM, as it yields 3.7% versus 2.7% for IBM, on top of which Chevron is at the cusp of a major turn around and about to undergo a period of strong production growth.
    Nov 14, 2014. 04:57 PM | Likes Like |Link to Comment
  • Chevron Q3 Earnings Review: Gulf Of Mexico And Gorgon LNG [View article]
    Upstream is definitely more important to Chevron than downstream operations, but both are important. A lot of major downstream projects are used to support upstream operations, the easiest example being look at Chevron's Kitimat LNG project and the massive resource potential of the Horn River Basin up in Canada.
    Nov 14, 2014. 04:53 PM | Likes Like |Link to Comment
  • Chevron Q3 Earnings Review: Gulf Of Mexico And Gorgon LNG [View article]
    Thanks. While most of the profits in the hydrocarbon industry lay in upstream operations, downstream operations are a good hedge against lower prices. Chevron should look into refineries capable of processing Canadian Heavy Crude in light of the Keystone XL pipeline moving closer to being approved, as WCS trades at a steep discount to WTI, giving Chevron good margins that are hard to find in the refining industry.
    Nov 14, 2014. 04:49 PM | Likes Like |Link to Comment
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