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Josh Young

 
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  • Comparative Analysis Of Interoil [View article]
    On the contrary, this article was entirely fact driven and motivated. Note subsequent performance. One stock up almost 100%, one stock down substantially. Whoda thunk.
    Jul 24 12:18 PM | Likes Like |Link to Comment
  • Magnum Hunter And Spartan Surge After Equity Offerings [View article]
    Thanks for the comment. In my last article I suggested Spartan could double, and I think the recent acquisition will help them along the way. They certainly acted more quickly than I expected, perhaps indicating there are many attractive deals available. As they buy more assets, I may revisit.

    What is striking to me is the huge, obvious quality difference between the two companies mentioned in this article.
    May 28 04:17 PM | 1 Like Like |Link to Comment
  • Spartan Energy May Double: Stellar Management Track Record, Cheap Valuation, And Production Outperformance [View article]
    Thanks Patrick. The "Americans coming" should help SPE, as investors look for high performing management teams and companies that consistently beat guidance as they look to deploy money into a market that is "new" for them.

    SPE raised guidance recently and Canadian investment banks reiterated their buy recommendations, saying investors misunderstood the last quarterly update and pointing out that Spartan is now outperforming in the Detrial play in Central Alberta as well as in SE Saskatchewan. I may write an article about this, it is interesting to see this kind of effect. We may see the opposite next quarter, when the acquisition financial impact is felt and Spartan shows MASSIVE q/q revenue growth, cash flow growth, etc.
    May 16 01:27 PM | Likes Like |Link to Comment
  • U.S. Energy Is The Way To Play The Buda Oil Discovery [View article]
    Interesting article. Have any of USEG's Buda wells under-performed recently? You mentioned the best well - what does the worst well look like, and what is the average well so far?
    May 14 11:23 AM | Likes Like |Link to Comment
  • GeoMet Preferred: The Little Preferred Issue That Has Outperformed Linn And Magnum Hunter [View article]
    The company sold their assets at the worst possible time - right before a spike in natural gas prices had a chance to reset natural gas asset values upwards. I owned some GMETP and have sold it.
    May 13 03:23 PM | Likes Like |Link to Comment
  • Spartan Energy May Double: Stellar Management Track Record, Cheap Valuation, And Production Outperformance [View article]
    Global Investor, thank you for the comment. I think Spartan Management's past performance is so exceptional that, while it does not guarantee future returns, it does give a good indication of what they might be.

    Pinecrest was involved in the Slave Point play, and blew up twice - once upon failing to drill economic primary Slave Point wells, and a second time when an aggressive waterflood program failed to deliver.

    Spartan is already delivering massively economic wells, way outperforming expectations. I don't think Pinecrest is a good analogy. Perhaps Paramount is a better one.
    May 9 02:00 PM | Likes Like |Link to Comment
  • Spartan Energy May Double: Stellar Management Track Record, Cheap Valuation, And Production Outperformance [View article]
    Thanks for the comment. I think its more interesting now than it was a month ago, driven by the recent operational outperformance. Before it would have been purely a bet on their track record, but now there is tangible evidence they are doing it again...
    May 5 01:20 AM | Likes Like |Link to Comment
  • Spartan Energy May Double: Stellar Management Track Record, Cheap Valuation, And Production Outperformance [View article]
    Thanks for the comment. I'd point to recent substantial outperformance both in aggregate production and specifically in the set of 10 wells recently reported in SE Saskatchewan which came on at 3x the expected 30 day IP rates...
    May 4 07:54 PM | Likes Like |Link to Comment
  • Spartan Energy May Double: Stellar Management Track Record, Cheap Valuation, And Production Outperformance [View article]
    Thanks for the comment - it trades millions of shares a day on the TSX V with the ticker SPE. Not thinly traded at all.
    May 3 10:34 PM | 1 Like Like |Link to Comment
  • SandRidge Mississippian Trust II: Oil Volumes Disappoint [View article]
    Doug, I actually think it might be illegal (or at the very least, breach of contract) for them to stuff bad wells into the trusts. They have a fiduciary responsibility according to the trust documents not to do that. Not saying that isn't whats been happening...
    Apr 25 03:35 PM | 1 Like Like |Link to Comment
  • MLP Suspends Distributions - Second MLP To 'Blow Up' In 2014 [View article]
    Captain, interesting point - how much tax impact do you think there could be?
    Apr 24 01:59 PM | Likes Like |Link to Comment
  • MLP Suspends Distributions - Second MLP To 'Blow Up' In 2014 [View article]
    Down double digits percent in one day after falling more than 50% in the past year while suspending the distribution is a blow-up.

    It hasn't gone to 0, but if you owned this for yield at the start of 2014 you're down 33%...

    I think it is an appropriate cautionary tale to yield-seeking investors to do more work prior to investing.
    Apr 24 10:58 AM | 1 Like Like |Link to Comment
  • 3 Oil Companies Surprise The Stock Market With Gusher Wells [View article]
    Spartan's production is in Canada (the relevant wells are in SE Saskatchewan), and Goodrich's is in the US (the relevant wells are in Mississippi and Louisiana). Similar product pricing, political risk, transportation availability, etc.

    My point is that $1.1 million wells that produce 190 boepd in the first 30 days (almost all oil) are WAY more economic than $14+ million wells that produce ~1,270 boepd at peak 24 hour production levels (often 30 day rates are substantially lower than 24 hour peak rates). And that matters much more than which side of the border you're on.
    Apr 22 08:55 PM | 1 Like Like |Link to Comment
  • 3 Oil Companies Surprise The Stock Market With Gusher Wells [View article]
    Pablo - Spartan's wells came on at 30 day rates of ~190 boepd, not 60 boepd, 3x their type curve. GDP's wells have come on at a variety of 30 day rates (blended average isn't fantastic). And Spartan's wells are costing them less than 1/10 GDP's well costs.

    Obviously in different areas and even different countries. And GDP's recent 2 well results were good. But Spartan's were better.
    Apr 22 11:05 AM | Likes Like |Link to Comment
  • What Seeking Alpha Is Doing To Prevent Paid Stock Promotion [View article]
    Great article. Amit, that's an interesting idea.
    Mar 27 06:53 PM | 7 Likes Like |Link to Comment
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