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Josh Young

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  • Meramec Shale Oil Play Unveiled By Newfield Exploration [View article]
    Interesting article. How big is the EUR per Meramec well? You mention "very high EURs" and that the high well costs are justified by high EURs, and you show % of oil and ngl of the EUR, but I don't see the quantity of the EUR
    Nov 8 04:22 PM | Likes Like |Link to Comment
  • New EOG Frac Technique Driving Outperformance, Promising For Others [View article]
    Thats interesting, thanks for sharing bankstocks. EOG said the technique had worked for them in the Bakken, Eagle Ford and the Permian, but they focused on the first two because the economics were better than in the Permian for them.
    Nov 7 01:10 PM | Likes Like |Link to Comment
  • New EOG Frac Technique Driving Outperformance, Promising For Others [View article]
    Bankstocks, thanks for your correction. Numerous operators are testing for the "upper eagle ford" or "lower austin chalk".

    I have a question for you - you haven't liked my micro cap long investments, despite them trading at (sometimes significant) discounts to my estimate of their liquidation value. What do you think about Green Hunter Resources?
    Nov 1 01:04 PM | Likes Like |Link to Comment
  • Would You Fund This Company? Capital Destruction At Green Hunter Resources [View article]
    The point wasn't the lawsuit, the point was that Investment Hunter got margin called...
    Oct 30 04:53 PM | Likes Like |Link to Comment
  • Would You Fund This Company? Capital Destruction At Green Hunter Resources [View article]
    There is lots to say about Green Hunter, and more keeps coming up.

    Like this... apparently Investment Hunter, Green Hunter's largest shareholder (and an entity apparently owned by Gary Evans), was margin called a few years ago and then sued by one of the other largest shareholders of Green Hunter - http://bit.ly/16MEzUp
    Oct 30 12:23 PM | Likes Like |Link to Comment
  • New EOG Frac Technique Driving Outperformance, Promising For Others [View article]
    Thanks Steve.

    That ~4,000 net acre number is net. The gross acreage is closer to ~20,000 gross acres.

    Lucas actually holds almost 100% of the shallow rights on almost all those ~20,000 acres. Operators including Forest and Marathon are going after the lower Austin Chalk, which Lucas has HUGE exposure to and would have huge upside from if it worked.
    Oct 27 11:52 PM | Likes Like |Link to Comment
  • New EOG Frac Technique Driving Outperformance, Promising For Others [View article]
    Gyer, are you factoring in the proceeds of the recent equity offering? They're actively drilling in a highly productive area, results coming up soon, could dramatically increase their current production, cash flow, etc.
    Oct 26 02:01 PM | Likes Like |Link to Comment
  • Bakken Update: Frac Sand Pricing Could Go Parabolic As EOG Resources' Well Design Revolutionizes Unconventional Oil Production [View article]
    http://seekingalpha.co...

    Wrote a follow up to this article. TimeOnTarget, I agree, obviously depth, pressure, resistivity, GOR, etc all have an impact. But this would explain differences between wells with close proximity to each other drilled by different operators.
    Oct 25 01:53 PM | 1 Like Like |Link to Comment
  • GreenHunter - Even Management Recognizes Need For More Capital, But More Concerned With SeekingAlpha [View article]
    -41% off of year high. Company has disclosed they are in the midst of a capital raise. Should be interesting to see how it trades after that closes.
    Oct 21 07:42 PM | Likes Like |Link to Comment
  • Bakken Update: Frac Sand Pricing Could Go Parabolic As EOG Resources' Well Design Revolutionizes Unconventional Oil Production [View article]
    I second that. I'd be interested in learning more about the supply side of the frac sand equation, but it certainly seems like the demand side will be strong if Michael is right.

    This might actually help explain some of the significant variances in Gonzales county EF shale well production rates between operators.
    Oct 21 04:31 AM | 2 Likes Like |Link to Comment
  • GreenHunter - Even Management Recognizes Need For More Capital, But More Concerned With SeekingAlpha [View article]
    I'll ask the obvious questions

    1) what are your names? kind of looks like a conversation between one person with different id's on here

    2) do you actually own any grh preferred?

    3) why!
    Oct 18 02:12 PM | Likes Like |Link to Comment
  • GreenHunter - Even Management Recognizes Need For More Capital, But More Concerned With SeekingAlpha [View article]
    The company has lost net ~$130 million since 2006 and has $50 million of preferred outstanding, $13 million of debt ahead of the preferred and negative earnings ytd. Cumulative dividend or not, why would you ever invest in a security like that?

    If you've invested in distressed preferred "for a very long time", why don't you let us know how these things trade when dividends are suspended. And what happens if dividends aren't paid for an extended period of time.
    Oct 17 09:09 PM | Likes Like |Link to Comment
  • GreenHunter - Even Management Recognizes Need For More Capital, But More Concerned With SeekingAlpha [View article]
    Threeforks, what is your name and relationship with Green Hunter?

    2006 is relevant because that is when Gary started Green Hunter. A full track record is relevant. Also, net income since the "complete business model change" has been entirely negative. ~-$55 million in net income starting in 2011. Either way you cut it, looks really bad. Who is going to give the company more money to deploy?
    Oct 17 08:14 PM | Likes Like |Link to Comment
  • GreenHunter - Even Management Recognizes Need For More Capital, But More Concerned With SeekingAlpha [View article]
    Tack, read the whole thing, not just via a word search.

    It is always advisable to read a company's financials before making an investment.
    Oct 17 08:11 PM | Likes Like |Link to Comment
  • GreenHunter - Even Management Recognizes Need For More Capital, But More Concerned With SeekingAlpha [View article]
    What modifications are you making? And why would you use that model in particular?

    I personally am extremely hesitant to trade based on "risk models". I didn't like them before 2008, and the 07-09 crash showed some of the challenges with modeling default risk.

    GRH has cumulative negative net income of just under ~$140 million since 2006 - not a promising start for a company that still has limited cash flows, ~$13 million in debt and $50 million of preferred (at face value).
    Oct 17 02:21 PM | Likes Like |Link to Comment
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