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Ocean Man  

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  • First Crude Oil, Now Natural Gas... How Low Can It Go? [View article]
    I see two headwinds developing for nat gas prices:

    1) North Dakota recently passed a law to reduce flaring of nat gas. This will force operators to sell their nat gas that they were previously burning at the source.

    2) Several companies that have recently reduced their oil drilling capex in response to the oil price drop have switched their capex spending from oil drilling to gas drilling.

    A tailwind could be a reduction in the nat gas that comes along with oil drilling, but I believe the two headwinds outweigh that tailwind.
    Dec 23, 2014. 07:32 AM | 2 Likes Like |Link to Comment
  • Is This The Best Investment In Shale Oil? [View article]
    Feb 2014 - Aug 2014 (the upturn):
    EMES +202%
    SLCA +174%
    HCLP +83%

    Sep 2014 - Dec 2014 (the downturn):
    HCLP -55%
    SLCA -67%
    EMES -71%

    Feb 2014 - Dec 2014 (combined):
    EMES -6%
    SLCA -9%
    HCLP -15%

    *EMES and HCLP would both gain a few % in these comparisons if you adjusted for distributions.

    Still, SLCA doesn't appear to have underperformed those other two over these periods that cover most of the past year.
    (Source: Yahoo Finance, dates used: Feb 4 - Sep 4, Aug 29 - Dec 15)
    Dec 21, 2014. 09:45 AM | 2 Likes Like |Link to Comment
  • Is This The Best Investment In Shale Oil? [View article]
    When you consider that more than 30% of the company's sales are sand used to make glass, paint, and golf course bunkers, which are not correlated to the price of oil, the argument that you're getting the frac sand business for free gets even more interesting.
    Dec 20, 2014. 01:14 PM | 5 Likes Like |Link to Comment
  • Is This The Best Investment In Shale Oil? [View article]
    20% drop in earnings estimates.
    69% drop in stock price.
    That's an overreaction.
    Good article, Chuck.
    Dec 20, 2014. 08:43 AM | 1 Like Like |Link to Comment
  • How I Like To Play Earnings [View instapost]
    Hard to fill when the market gaps up 30 S&P handles. Live to play another day.
    Dec 18, 2014. 01:26 PM | Likes Like |Link to Comment
  • Triangle Petroleum: What Are The Assets Worth? [View article]
    The company bought back 5M shares in November. They have 6M shares left in the buyback program. I wouldn't be surprised if they contributed to the 48% push up on Tuesday.
    Dec 11, 2014. 10:24 PM | Likes Like |Link to Comment
  • Crude now -7.6% on OPEC rollover [View news story]
    He should adjust his focus a little closer to home:

    http://seekingalpha.co...
    Nov 28, 2014. 12:24 AM | 1 Like Like |Link to Comment
  • Crude now -7.6% on OPEC rollover [View news story]
    Friday should give you a hint.
    Nov 28, 2014. 12:18 AM | Likes Like |Link to Comment
  • OPEC is "throwing in the towel" - SocGen [View news story]
    Break-even oil prices for OPEC countries:

    http://bit.ly/1HJM7M9

    Break-even oil prices for U.S. shale plays:

    http://bit.ly/1HJM9Uj

    OPEC countries are in far worse pain than Eagle Ford drillers.
    Nov 27, 2014. 07:00 PM | 2 Likes Like |Link to Comment
  • How I Like To Play Earnings [View instapost]
    MGNX working really well today.
    Nov 12, 2014. 01:47 PM | Likes Like |Link to Comment
  • Box office: Interstellar and Big Hero 6 set up for strong runs [View news story]
    I wonder what they'll call the sequel to Big Hero 6.
    Nov 10, 2014. 08:23 AM | Likes Like |Link to Comment
  • Main Street Capital NII in-line, misses on revenue [View news story]
    I complained about that yesterday with SN. SA should call revenue misses of less than 1% "in line".
    Nov 7, 2014. 09:34 AM | Likes Like |Link to Comment
  • How I Like To Play Earnings [View instapost]
    Oops, ALG. Was up 30% before noon!
    Nov 6, 2014. 10:23 PM | Likes Like |Link to Comment
  • How I Like To Play Earnings [View instapost]
    My 3% up bid missed at the open by a few cents and now it's up 21%.....
    Nov 6, 2014. 10:36 AM | Likes Like |Link to Comment
  • Sanchez Energy beats by $0.03, misses on revenue [View news story]
    You guys who write these Breaking News blurbs need to learn the concept of reporting "in line". Missing a number that's over $200M by less than $1M is not a miss. It's less than one-half of one percent off. You should say, "Revenues were in line". Other reputable financial websites are reporting that revenues were in line on this report.
    Nov 5, 2014. 07:03 AM | 11 Likes Like |Link to Comment
COMMENTS STATS
598 Comments
691 Likes