Well we have been over all of this before...but now you are talking about value. Value-wise even I have some questions about certain E&P names, especially the juniors in the gassy stuff. But viability is an entirely different story...but that all boils down to how one views the shale and fracking plays. And that is where we differ in opinion.
Still worried about the fracking? I get that you are short all things fracking, but the trend is not your friend. Almost every one of these names has risen dramatically despite your worries. GPOR has doubled, FANG and PDCE too. EOG and Continental are viable companies no?
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Exactly, which is why it is interesting. All things internet rising? Investor sentiment changing? Just something interesting we noticed and up for interpretation.
Ok, so where did we trash it? Decent play, pointed out the draw backs. They have a good news surprise and that causes a dramatic rise. Let it play out. If you were trying to win a war you would not get excited over one battle.
Could be any one or all of the issues you stated above as well as geology not playing out as anticipated or the milling process not being calibrated correctly. One has to fine tune these mines to get it working perfectly and sometimes just one thing being off 1% can cause a huge difference in production. There are a million things that one plans can go wrong and another million you do not know about which can go wrong. Talk to any CEO in the industry and they will tell you...any one who is not telling a lie that is.
Very true. Usually it has to do with a company using the funds to invest in better returning assets, but here it is simply altering the capitalization of the company. Unfortunately they are bowing to the market's will, short-term good but long-term it will cost them. The Egyptian assets do need to go though, too much of a headache. Reminds me a bit of the Talisman situation with Sudan years ago.
We will be posting our junior picks in good time, but one of the most important lessons we have learned from these micro super bull markets is that one must always have a cornerstone and solid foundation of mid-tier players before venturing into the volatile junior market. It is a playbook that has worked for us time and time again and worked to minimize risk.
Oh no, I was referring to my continued buying of EVEP...alluding to how I would rather look back and not mind doing so (obviously with gains in hand, which is not the case now) than have to do so with losses!
The trade you did in GPOR was for risk as I remember, taking money off of the table and you did so by selling calls against the position...which was not a bad idea as it gave you a bit more via the premium...obviously you were confident the shares were not going to go too much lower (as I suspect you would have sold the position entirely then).
ROSE is being dragged down by the secondary and debt issuance, but long term it is positioned like GPOR, great company with prime assets. Hard to go wrong with Eagle Ford and Permian exposure, right?
If you have done your DD on BCEI, which I know you have, PDCE has probably come up. Generally speaking somewhat similar. They rally together so maybe not diversified enough for you.
Been buying PDCE and ROSE lately TFCAB, see some value and then a lot of value with EVEP too. Hopefully when I look back in hindsight I won't mind it being so clear!
5 Commodity Stocks Moving On News [View article]
5 Commodity Stocks Moving On News [View article]
5 Commodity Stocks Moving On News [View article]
5 Commodity Stocks Moving On News [View article]
5 Commodity Stocks Moving On News [View article]
Today's Market News To Trade On: 5 Stocks Moving On News [View article]
5 Commodity Stocks Moving On News [View article]
5 Commodity Stocks Moving On News [View article]
5 Commodity Stocks Moving On News [View article]
5 Commodity Stocks Moving On News [View article]
5 Commodity Stocks Moving On News [View article]
5 Commodity Stocks Moving On News [View article]
5 Commodity Stocks Moving On News [View article]
The trade you did in GPOR was for risk as I remember, taking money off of the table and you did so by selling calls against the position...which was not a bad idea as it gave you a bit more via the premium...obviously you were confident the shares were not going to go too much lower (as I suspect you would have sold the position entirely then).
ROSE is being dragged down by the secondary and debt issuance, but long term it is positioned like GPOR, great company with prime assets. Hard to go wrong with Eagle Ford and Permian exposure, right?
If you have done your DD on BCEI, which I know you have, PDCE has probably come up. Generally speaking somewhat similar. They rally together so maybe not diversified enough for you.
Best of luck.
5 Commodity Stocks Moving On News [View article]
5 Commodity Stocks Moving On News [View article]