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Laura Starks

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  • Athletic Momentum For Athlon? [View article]
    It is useful to see the diversity of opinion.
    Jun 22 08:55 AM | 2 Likes Like |Link to Comment
  • Diamondback Energy: Coiled To Strike Or To Miss? [View article]
    The EIA has just started a new report on drilling productivity. Its November numbers should be labeled as prospective, or estimates, in my article.

    It is linked in the fourteenth paragraph in the article or you can see it here:

    http://1.usa.gov/19B1aGL

    Good question. Thank you for asking.
    Oct 24 02:29 PM | 2 Likes Like |Link to Comment
  • Kodiak: A Solid Bakken-Focused Oil Company [View article]
    dgrant589 and g8trgr8t,
    Yes, the IEA projection of the US as the #1 producer by 2020 is all over the news, including the WSJ. I think the shale boom is tremendous, but I think the IEA is making the same mistake a lot of people and organizations do, which is to include fuel ethanol and natural gas liquids (both reported as part of "liquids") in the comparison to crude, or black oil. SA & Russia are not including these volumes. US NGLS are 2.3 MMBPD; US fuel ethanol is 860,000 BPD, so the "real" US baseline crude oil is 6.33 MMBPD. Roughly double it in 7 years? I don't see us surpassing Saudi Arabia with its so-much-cheaper-to-pro... oil. As to Russia--just a pure hypothetical--what if all its chilly northern land was as oil-rich as North Dakota?
    BTW, this is taking nothing away from the tremendous work being done by oil and gas producers in the Bakken, the Marcellus, the Eagle Ford, the Niobrara, the Permian, the Mississippi Lime, the Haynesville etc. The oil, gas, and NGL production increases are game-changers for US energy, consumers, the economy, and our international security/global political position.
    Nov 13 11:47 AM | 2 Likes Like |Link to Comment
  • Kodiak: A Solid Bakken-Focused Oil Company [View article]
    blueice,
    I think it depends on the time period one is looking at, because Mexico and Saudi Arabia are quite close as US import sources. What I have is that for the full-year 2011 average the US imported 1,186,000 barrels per day (BPD) from Saudi Arabia and 1,100,000 BPD from Mexico. It could have changed recently or over a different time period.
    Nov 12 02:10 PM | 2 Likes Like |Link to Comment
  • Kodiak: A Solid Bakken-Focused Oil Company [View article]
    Technically it's not the same type of crude, but more generally, all new US production helps reduce imports since oil supply/use is a global "pool." Our leading import supplier is Canada. SA is second. More US production is beneficial to balance of trade and to security.
    Nov 12 10:54 AM | 2 Likes Like |Link to Comment
  • Kodiak: A Solid Bakken-Focused Oil Company [View article]
    p_salerno1,
    I hear your concerns. KOG is definitely a play on the oil price and unconventional oil production requiring lots of capital. You'll note I condition my article on an investor's belief about a) the oil price trajectory and b) whether KOG can continue to reduce its costs. They have done so, and seem to have plans in place to continue reducing costs.
    One observation I find fascinating is that the Bakken oil price is closer to WTI ($0-$10/bbl) than one would expect given the takeaway cost. But, North Dakota provides growing production and large volumes, and in the long run, access to multiple markets. Then it depends on your relative view of KOG in the universe of Bakken companies.
    Nov 10 10:53 AM | 2 Likes Like |Link to Comment
  • Diamondback Energy: Coiled To Strike Or To Miss? [View article]
    The recommendation is based on one's assumption about oil prices and oil supply. There is only one Facebook and one Amazon. There are many companies producing oil as Diamondback does. The Permian Basin is a great growth story....and lots of people have jumped in. Investing or not investing in Diamondback is really a call on oil prices.
    Oct 24 09:11 PM | 1 Like Like |Link to Comment
  • Diamondback Energy: Coiled To Strike Or To Miss? [View article]
    VD,
    Yes, I looked at your article, and linked it, second paragraph from the end. I agree that the drop in insider ownership is a concern.

    LAS
    Oct 24 02:31 PM | 1 Like Like |Link to Comment
  • Kodiak: A Solid Bakken-Focused Oil Company [View article]
    dgrant589,
    That oil goes to US refineries making US gasoline that gets largely sold in the US--to your gas tank. We export very little, if any oil. The Prudhoe Bay oil, which is now less in volume than the North Dakota oil due to lack of Alaska drilling, goes to refineries in the state of Washington and California. It isn't exported.
    Nov 10 10:43 AM | 1 Like Like |Link to Comment
  • Kodiak: A Solid Bakken-Focused Oil Company [View article]
    Blueice beat me to it. Think of the hockey stick blade on the ground, with the shaft pointing up and to the right. The angle is a steep one--big "rise over run."
    Nov 9 01:26 PM | 1 Like Like |Link to Comment
  • Kodiak: A Solid Bakken-Focused Oil Company [View article]
    As the Range Resources CEO said a few years ago, water handling--especially disposal/recycle--is important for the industry. I think the trend will be towards more recycling/reuse.
    Nov 9 01:25 PM | 1 Like Like |Link to Comment
  • Athletic Momentum For Athlon? [View article]
    Fair enough. I wanted to note how much the stock has bounced up since its IPO. ATHL is not undiscovered, for good reason.
    Jun 27 03:39 PM | Likes Like |Link to Comment
  • Phillips 66 - Creative Deal Shows Buffett Is Getting Cautious [View article]
    There are other tank car manufacturers Buffett does not own: the one that comes to mind is Trinity Industries.
    Feb 2 02:36 PM | Likes Like |Link to Comment
  • Oil States International: More Value In Spin-Off? [View article]
    Excellent update on OIS. The $136/share is worth noting.
    Thank you.

    With the market bouncing lower, many stocks will become more attractive than they have been in the last few months.
    Jan 31 02:12 PM | Likes Like |Link to Comment
  • Phillips 66 - Creative Deal Shows Buffett Is Getting Cautious [View article]
    Buffett made an excellent investment in PSPI.
    I grew up in the town (Ponca City, Oklahoma) where this chemical was invented and have profiled it here: http://bit.ly/KydGi1
    Because until 2012 drag reducer/flow improver revenues were rolled into those of a much larger organization, the strong profitability of this specialty chemical has been obscured. The rumor is $300-$400 million/year in revenue. With very high margins, profitability is not far behind.
    Jan 8 01:23 PM | Likes Like |Link to Comment
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28 Comments
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