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Mike Walker

 
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  • Apple tops $100 following bullish Morgan Stanley note [View news story]
    Holding my shares for $1000/7 = $142.86

    And am going to be a rich(er) man for it.
    Aug 19 01:57 PM | 1 Like Like |Link to Comment
  • EOG Resources: The Best Developer In The Eagle Ford Just Keeps Getting Better [View article]
    33% year on year liquid growth on a 250,000 BOPD base -- that is strong.

    Encouraging results out of Wyoming and Delaware Basin.

    Disclosure - long shares
    Aug 14 06:37 AM | 1 Like Like |Link to Comment
  • Laredo Petroleum: Focus On Solid Well Results [View article]
    The biggest problem with LPI's Q2 and subsequent market reaction was that the conference call was 'weak'. I would encourage anyone that has a stake in LPI, or is considering LPI as an investment, to listen to a replay of the call.

    Service company cost issues, service company performance issues, issues with well costs, inability to drill and complete on a timely basis with impact on NPV.

    No one likes to hear these kind of comments on a call as it exposes that the operator is not managing an efficient drilling program, i.e. it is wasting shareholder's money.

    At the same time as LPI reported, so did CXO. Listen to the CXO call. A company that is making all the right moves, IMO. Which company would you rather send your investment dollar to ?
    Aug 13 01:05 PM | Likes Like |Link to Comment
  • Anadarko's Mozambique gas project could cost tens of billions of dollars [View news story]
    This WSJ article was pure anti oil, anti development hype.

    LNG plants have been placed in many remote locations including six trains at Bonny Island, Nigeria. There is no rocket science. The footprint is modest and the wells are all offshore. Local issues are always a factor in Africa but I seriously doubt if the population or the government of Mozambique is interested in returning to their grass huts.

    No mention anywhere in the article how APC and Agip will emerge as low cost producers with the ability to undercut more expensive LNG supply coming out of Australia, Kitimat or the USA. The reserves, reservoir quality and deliverability of the Mozambique fields are without peer.

    APC Selling off a bit in mid day trading. Shorting the 105 September puts as a trade.
    Aug 12 11:13 AM | 1 Like Like |Link to Comment
  • Recent Market Weakness Presents Opportunity In The Oil Patch [View article]
    particularly impressed with cxo's q2 conference call. they are making all the right moves.
    Aug 11 08:38 PM | Likes Like |Link to Comment
  • Concho Resources - Shares Remain A Bit Pricey In My Eyes Despite Continued Operational Strength [View article]
    Strong conference call, in stark contrast to LPI. In addition to drilling activities, CXO are also adding offset acreage in the Delaware Basin. One to watch.
    Aug 8 05:47 PM | Likes Like |Link to Comment
  • EOG Resources - Further Pullback Required To Create Appeal [View article]
    All it would take for this to go back to 125 overnight would be one ISIS event aimed at the Iraqi oil export terminals in Khawr Al Amaya or Al Basrah.

    Otherwise you might have to wait for six months to see your 125.
    Aug 8 07:48 AM | 1 Like Like |Link to Comment
  • The next frontier for offshore drilling: deepwater fracking [View news story]
    This article is a fantasy. Just not enough rate and production in the typical framed well to make a deepwater version even remotely viable.
    Aug 7 10:38 PM | 2 Likes Like |Link to Comment
  • Laredo Petroleum misses by $0.04, misses on revenue [View news story]
    A chance to re-enter at $25 if you exited on the ramp in July.
    Aug 7 08:50 AM | 1 Like Like |Link to Comment
  • Pioneer Natural Resources - Great Potential, But What About The Recent Revenue Shortfall And Hedging Losses? [View article]
    Got my wish, long shares @ 206 and short the 205 August puts.
    Aug 7 02:31 AM | Likes Like |Link to Comment
  • Pioneer Natural Resources - Great Potential, But What About The Recent Revenue Shortfall And Hedging Losses? [View article]
    PXD has a well articulated strategy to hedge nearly all its production in order to guarantee they can execute their drilling program without borrowing or making a secondary equity offer. If the oil price is higher than the hedge price (Q2 2015), then they record a mark to market loss on the hedges. But it is simply a paper exercise as once PXD entered into the hedge, the realized price of sales is fixed.

    There is also disappointment that most of the projected 2014 growth is in the second half of the year. Understandable as they move into a development mode where multiple wells are drilling on a pad and then 'zipper fraced'. All the production from the pad is deferred until the very end of the campaign - which makes for lumpy results.

    Hope everyone is selling again today so I can either pick up some shares (which I sold earlier in the year) or write the 200 puts.
    Aug 6 07:06 AM | 2 Likes Like |Link to Comment
  • EOG Resources beats by $0.08, misses on revenue [View news story]
    33% Y on Y oil/condensate growth -- that is strong
    Aug 5 05:12 PM | Likes Like |Link to Comment
  • Retirement Strategy: The Apple Juggernaut Should Be In Every Retirement Portfolio Right Now [View article]
    Generally I love to write out of the money calls against long stock.

    But in the case of AAPL - less than 10% of my position has a covered call. Just think there are too many catalysts not to have a full delta position in AAPL price movements.
    Jul 31 02:45 AM | Likes Like |Link to Comment
  • Andarko: Buy Growth At A Low Price [View article]
    OK, Larry - thanks. As this is an investment site can you tell us what companies in the energy space you are short in anticipation of a sell off in 4 to 6 months and how many shares of each short position.
    Jul 24 02:41 AM | Likes Like |Link to Comment
  • Boeing beats by $0.43, misses on revenue [View news story]
    What happened ? Now down 1% premarket.
    Jul 23 09:18 AM | Likes Like |Link to Comment
COMMENTS STATS
280 Comments
329 Likes