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  • 4 Stocks Profiting From The Buda Oil Sweet Spot [View article]
    I do plan to do another article on the Buda formation sometime in the next two to three weeks. I'm currently working on another natural gas article.
    Apr 7 10:20 AM | Likes Like |Link to Comment
  • Real Chance Natural Gas Storage Dips Under 1 Trillion Cubic Feet [View article]
    Demand is also at record highs and net imports are at record lows.

    Right now it is hard to see storage getting past 3.3 Tcf unless weather is very supportive this summer. But that would be at prices that price out all coal to gas switching and the current price range of $4.50 does not do that. At current prices storage could end under 3 Tcf on normal weather.
    Mar 31 07:43 AM | Likes Like |Link to Comment
  • Real Chance Natural Gas Storage Dips Under 1 Trillion Cubic Feet [View article]
    Last week we reached 896 Bcf and another big draw is coming. Season should end close to 800 Bcf. I'd say the prediction on storage has been stellar.

    The futures collapsed in February and have yet to recover. We may not see a super spike in futures prices after-all. So far the price spike prediction has not come true. However, weather is very supportive the next two to three weeks and the storage situation is a major crisis for next winter. A major price response is still possible in 2014 if storage doesn't rapidly close the gap.
    Mar 29 04:26 PM | Likes Like |Link to Comment
  • 4 Stocks Profiting From The Buda Oil Sweet Spot [View article]
    The results of this well will be very interesting. Is the Buda very widespread or more concentrated near fault lines?
    Mar 17 10:02 PM | 1 Like Like |Link to Comment
  • 4 Stocks Profiting From The Buda Oil Sweet Spot [View article]
    Here is an update from EXCO Resources on their recent earnings conference call:

    "We're currently evaluating 37,000 net acres that are perspective for the Buddha formation. We've licensed about 500 square miles of 3D seismic data since this evaluation we're monitoring operator activity on offset acreage and we expect to complete our announcement later this year and we'll provide you an update when done."

    http://seekingalpha.co...

    Interest in the Buda will really grow once Matador and EXCO Resources announce the results of their first test wells later this year. Matador reports in a couple of weeks and we may get an update on when they plan to drill their first well.
    Feb 27 10:03 AM | 1 Like Like |Link to Comment
  • Real Chance Natural Gas Storage Dips Under 1 Trillion Cubic Feet [View article]
    The last week of February and the first and second week of March are all forecasted to be much colder than normal.

    http://seekingalpha.co...

    If you missed the above article it has a link to spot cash nat gas prices across the whole country. Look at the link after lunch this Tuesday to get an idea of what could happen.
    Feb 22 12:10 PM | 1 Like Like |Link to Comment
  • Goodrich Petroleum Is The Way To Play The Tuscaloosa Marine Shale [View article]
    TRCH, will check it out. Thanks!
    Feb 20 01:58 PM | Likes Like |Link to Comment
  • Goodrich Petroleum Is The Way To Play The Tuscaloosa Marine Shale [View article]
    The TMS is a risk at this point for GDP. It offers significant upside, but if it flops significant downside. When I wrote about GDP that had not gone all in on the TMS, it was simply an upside kicker. I cannot offer a very knowledgable opinion of how the TMS will turn out.

    The oil and gas play I am most interested in now is the Buda in south Texas. USEG is the way to play the Buda. The IRR on Buda wells is over 200% and may go to over 300%.
    Feb 20 11:57 AM | Likes Like |Link to Comment
  • Real Chance Natural Gas Storage Dips Under 1 Trillion Cubic Feet [View article]
    Depending on the weather next week (how cold) and the 10 day forecast next week Nat gas could have a 6 sigma event. The cash markets have already gone crazy, yet the futures have not yet done so.
    Feb 19 03:00 PM | Likes Like |Link to Comment
  • Goodrich Petroleum Is The Way To Play The Tuscaloosa Marine Shale [View article]
    GDP has already drilled some good Buda wells and some so-so Buda wells. They couldn't figure out the geology and have been focused on the TMS. What they have is not as good as what USEG and MCF have, but they do have some good Buda.
    Feb 19 02:55 PM | 1 Like Like |Link to Comment
  • Matador's Recent Streak Should Continue [View article]
    Great article!

    Here is another article on the Buda oil play that mentions both MTDR and USEG:

    http://seekingalpha.co...

    Looking forward to the results on Matador's first Buda well. Would like to see if their geologist's theory is correct.
    Feb 18 02:27 PM | 2 Likes Like |Link to Comment
  • 4 Stocks Profiting From The Buda Oil Sweet Spot [View article]
    The U.S. Enercorp lease is adjacent and on the southern side of Contago's existing Booth-Tortuga lease in the sweet spot.

    I only know they permitted the Dunlap well and other than that I'm in the dark.
    Feb 17 03:44 PM | Likes Like |Link to Comment
  • 4 Stocks Profiting From The Buda Oil Sweet Spot [View article]
    They are not that close to the sweet spot. But I spoke with them a few months ago and they are very aware of the Dan Hughes Buda success.

    We don't know how many sweet spots are out there. So Sanchez could have Buda potential, but right now it is speculative.
    Feb 15 09:33 PM | Likes Like |Link to Comment
  • Contango Is Sitting On A Buda Oil Bonanza In South Texas [View article]
    Heard wrong:

    http://seekingalpha.co...
    Feb 15 01:25 PM | Likes Like |Link to Comment
  • Real Chance Natural Gas Storage Dips Under 1 Trillion Cubic Feet [View article]
    Thank you. Remember, you read it here first!!! My recent articles on the Buda oil discovery represent another "remember, you read it here first" and you may want to check them out.

    The warm up will be brief. The last few days of February and the start of March looks colder than normal according to the latest runs of the GFS. My current estimate is storage will be a little above or a little below 1 trillion cubic feet after the first week of March. I have no idea what the weather will be the last three weeks of March. Last year the last three weeks of March were colder than normal and we had almost 300 Bcf in additional withdrawals after the first week in March. The year before was the warmest March on record and we injected 150 Bcf in the last three weeks of March. So March matters.

    Right now I am sub 900 Bcf on normal weather for the last three weeks of March. Concerning price the lower we go the higher the price. I could see NYMEX futures touching $6 on sub 1 Tcf. I could see them touching $20 to price people to switch from nat gas to oil if we go sub 800 Bcf. Right now nat gas is on fire, pricing has gone wild, and no one knows where this is going. As long as nat gas remains in backwardation both UNG and UGAZ (triple action) are good vehicles to trade. But remember, this is a high risk trade and not a buy and hold. If we go sub 800 Bcf and nat gas goes to $20 you must SELL.
    Feb 15 08:21 AM | 1 Like Like |Link to Comment
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