Seeking Alpha

Michael Filloon

 
View as an RSS Feed
View Michael Filloon's Comments BY TICKER:
Latest comments  |  Highest rated
  • 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.
    Nov 2, 2011. 11:44 AM | 4 Likes Like |Link to Comment
  • Oil Service Companies Are Cheaper, May Be Safe Way to Invest in Oil [View article]
    saltydog,

    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.
    Aug 12, 2011. 06:09 PM | 4 Likes Like |Link to Comment
  • 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.
    Jul 15, 2011. 06:00 PM | 4 Likes Like |Link to Comment
  • Merkel's About-Face on Nuclear Energy [View article]
    Germany may want to shut down nuclear right now, but when they see what it costs to pay France for electricity it may not look so appealing.
    Jun 17, 2011. 10:25 AM | 4 Likes Like |Link to Comment
  • 3 Pure Bakken Plays to Consider [View article]
    Thanks for the comment. KOG looks inexpensive.
    Jun 3, 2011. 04:17 PM | 4 Likes Like |Link to Comment
  • 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.
    May 5, 2011. 11:20 AM | 4 Likes Like |Link to Comment
  • 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.
    Apr 16, 2011. 09:28 PM | 4 Likes Like |Link to Comment
  • Brigham Exploration: The Next Leg Up for Energy Company [View article]
    Brigham is hard not to like. Very impressive stats.
    Apr 13, 2011. 10:08 PM | 4 Likes Like |Link to Comment
  • 10 Oil Stocks With Low PEG Ratios [View article]
    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.
    Mar 25, 2011. 10:50 AM | 4 Likes Like |Link to Comment
  • 10 Oil Stocks With Low PEG Ratios [View article]
    Yahoo Finance offers a five year expect PEG. I have given EOG's one year PEG. Have a great day.
    Mar 25, 2011. 09:41 AM | 4 Likes Like |Link to Comment
  • 10 Oil Stocks With Low PEG Ratios [View article]
    Thank you, I appreciate it.
    Mar 24, 2011. 11:42 PM | 4 Likes Like |Link to Comment
  • 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.
    Feb 18, 2011. 04:54 PM | 4 Likes Like |Link to Comment
  • Kodiak Oil and Gas: Exponential Production Growth [View article]
    I agree, management has pulled of some real nice numbers in the short term. It will be more interesting what happens in the long term. I would like to see this name find some way of accelerating growth through the next couple of years.
    Feb 12, 2011. 11:24 AM | 4 Likes Like |Link to Comment
  • Continental Resources: Lots of Bakken Upside [View article]
    I couldn't have said it better myself Jeep. Thanks for the input. One thing I would add for Professor Banks:

    Although recovery has increased a little, it means alot to companies like BEXP, NOG, and OAS. I began trading in and out of BEXP back in mid 2009. Since then I have made quite a bit of money on this stock. Maybe we are looking at this from different view points. I see the opportunity in the Bakken, Niobrara and Eagle Ford as a very specific way to make money. Although , in general, these areas will only affect a small portion of worldwide oil production, it can provide a very large position in someone's trading account.
    Feb 1, 2011. 11:56 AM | 4 Likes Like |Link to Comment
  • CF Buyout Bid Grossly Undervalues Terra Industries [View article]
    Tim, good insite into the subject. I believe there is a misunderstanding with respect to TRA's business. They were bid down like any other nitrogen business, when theirs is worth much more do to higher margins. Either way you are right and these companies were good apart, but now they look fantastic together. CF has well positioned themselves for this takeover.
    Jan 21, 2009. 08:52 AM | 4 Likes Like |Link to Comment
COMMENTS STATS
4,166 Comments
3,471 Likes