Chesapeake Energy: Managing Its Way Into Analysts' Good Graces [View article]
Tradestar:
It is too bad that you had to use negative rhetoric to state your case against CHK. You have a very good argument against CHK. I agree with the premise CHK's stock will head lower, but think the personal attack on the writer does nothing but hurt your argument..
The EPA And Fracking: How To Capitalize - Part 1 [View article]
Hi Ryan,
I am still bullish oil services, and own a couple of names like CJES and BAS because of their pressure pumping businesses. I think the trucking business is great right now also, but if we begin to see more mobile water treatment it could make things difficult in the trucking business in the short term.
Bakken Update: Small Caps, Part VII [View article]
Global Investor, Thanks for your comments. Brigham has an average IP rate of 2797 Boe/d as an average of its Bakken/Three Forks wells in North Dakota. If we were to only include its Ross wells this number increases to 3171 Boe/d. http://bit.ly/qLRG7r Brigham's EURs are between 500 and 700 Mboe (This estimate includes Montana which is not as good.). Brigham's average cost per well is $8.9 million. PetroBakken's IP rates are between 200 and 250 bbls/day and an EUR of 190 MBoe. Its cost per (bilaterals) well is $2.58 million. I am fairly certain the net profit per well is not higher for PetroBakken than Brigham. Brigham at 80 oil has an NPV of $8.7 million. PetroBakken has an NPV of $5.1 million and it is using $90 oil.
Ramp Up Growth With Small Producers in the North Dakota Bakken [View article]
MayorMcFudge, Initially I was very pesimistic about Samson's acreage, but Brigham just had some very good results in the area. This is just a guess, but I think this area will be good, but not great. I am much more concerned about the price they paid. As for its Niobrara, I think those results will be excellent. Plus, buying back into Chesapeake's wells should also be good.
Brigham: Mark to Market Hedging Losses Create Buying Opportunity [View article]
I think you may be right about oil stocks falling further, but the Bakken's bad weather, increased service costs, and increased taxes make it difficult to make numbers. Misunderstanding of depletion is another topic. That said, its still a great play. AXAS has changed it report date to the 9th. Please remind me to take a look then. Have a great day.
7 Oil and Gas Stocks with Continued Upside: Part IV [View article]
Im still in love and still own it. Its my largest position (wish I would have taken profits at $4.75 so I could buy it back here). I promise Aceman I would tell everyone if I sold it. But let me explain my answer. I look at every name out in stock land that is listed in the US. In doing so, I even check out names like BDCO with a 15 million dollar market cap. So when I am asked of a junior, I only include names that have upside based on assets that are not considered legit, or large to this point. I know people will not agree with this, but it is the way I grade these names. I don't consider Samson to be a junior anymore because they own approximately 14000 acres in what I a top notch shale (Marathon just paid 10000 an acre to be neighbors). They also have about 74 million dollars, and a small acreage in the Bakken( forgive all of the approximations, I am shooting from the hip here). After they put their money to work they should have a very large acreage in a prime location. Sorry Aceman for not being clear, but Samson is a much bigger player then the companies I listed. But you should check out LEI, they just partnered with Marathon in the Eagle Ford, and I think there may be more oil there then given credit. Please let me know if you need anything, and to answer your question I am not duping anyone.
I believe that VOG has been unjustly punished for the rumors surrounding NOG, plus many of these names are trading on fear that oil will retrace at some point. I dont know if this will happen or not, but believe that $100 per barrel of oil is the new normal. I do not own VOG, but would think 15 times forward earnings is an interesting area for this name.
North American Palladium: Sustained Run Makes It a Buy [View article]
Thank it seems the government has sanctioned much of this but im gonna ride it until its over. I think the current situation will be here for a while. Gotta love inflation. Reagan years may be back.
Chesapeake Energy: Managing Its Way Into Analysts' Good Graces [View article]
It is too bad that you had to use negative rhetoric to state your case against CHK. You have a very good argument against CHK. I agree with the premise CHK's stock will head lower, but think the personal attack on the writer does nothing but hurt your argument..
Bakken Update: What To Buy In 2012 [View article]
Thank you very much. I will look into identifying comparisons in valuation this year, with the companies I cover. Happy New Year
The EPA And Fracking: How To Capitalize - Part 1 [View article]
I am still bullish oil services, and own a couple of names like CJES and BAS because of their pressure pumping businesses. I think the trucking business is great right now also, but if we begin to see more mobile water treatment it could make things difficult in the trucking business in the short term.
Bakken Update: Small Caps, Part VII [View article]
Thanks for your comments. Brigham has an average IP rate of 2797 Boe/d as an average of its Bakken/Three Forks wells in North Dakota. If we were to only include its Ross wells this number increases to 3171 Boe/d. http://bit.ly/qLRG7r
Brigham's EURs are between 500 and 700 Mboe (This estimate includes Montana which is not as good.). Brigham's average cost per well is $8.9 million.
PetroBakken's IP rates are between 200 and 250 bbls/day and an EUR of 190 MBoe. Its cost per (bilaterals) well is $2.58 million.
I am fairly certain the net profit per well is not higher for PetroBakken than Brigham. Brigham at 80 oil has an NPV of $8.7 million. PetroBakken has an NPV of $5.1 million and it is using $90 oil.
Oil Service Companies Are Cheaper, May Be Safe Way to Invest in Oil [View article]
At some point one of the three KOG, BEXP or OAS will get bought as you said. Its only a matter of time and they all have pretty good acreage.
Ramp Up Growth With Small Producers in the North Dakota Bakken [View article]
Initially I was very pesimistic about Samson's acreage, but Brigham just had some very good results in the area. This is just a guess, but I think this area will be good, but not great. I am much more concerned about the price they paid. As for its Niobrara, I think those results will be excellent. Plus, buying back into Chesapeake's wells should also be good.
Merkel's About-Face on Nuclear Energy [View article]
3 Pure Bakken Plays to Consider [View article]
Brigham: Mark to Market Hedging Losses Create Buying Opportunity [View article]
7 Oil and Gas Stocks with Continued Upside: Part IV [View article]
Brigham Exploration: The Next Leg Up for Energy Company [View article]
10 Oil Stocks With Low PEG Ratios [View article]
10 Oil Stocks With Low PEG Ratios [View article]
10 Oil Stocks With Low PEG Ratios [View article]
North American Palladium: Sustained Run Makes It a Buy [View article]