• Ocean Man
    Bought back the $QRE I had sold at the end of January for $18.50, 11% cheaper at $16.51. 11.8% yield.
    3/6/13
    Reply (19)
    • det9: In @ 16.52
      3/6/13
    • wigit5: no no guys we need to drive it down to 16!!!
      3/6/13
    • Clayton Rulli: whatd you think of the results? I havent had a chance ot read through yet
      3/6/13
    • muldoon1959: $QRE for me as well @ 16.55
      3/6/13
    • Clayton Rulli: this caught my eye : " DCF increased 11% from Q3 due to increased EBITDA and a decreased mgmtt incentive fee paid.. DC Ratio was 1.2x
      3/6/13
    • Ocean Man: Clayton - you just tagged the items that caught my focus in that report. That plus the continuing increase in barrels per day projected.
      3/6/13
    • Ocean Man: My only concern is whether they'll be less hedged on nat gas prices going forward.
      3/6/13
    • wigit5: with nat gas prices trending upward (like molasses) it might be alright.
      3/6/13
    • Albert Alfonso: the 2013 guidance did not provide a DCF figure...
      3/6/13
    • lfpdinc: u might get 16
      3/6/13
    • Clayton Rulli: They sold all those shares too... wonder if more is coming?
      3/6/13
    • wigit5: another secondary clayton???
      3/6/13
    • Clayton Rulli: dunno. Whats this mean though... QRE's GP converted 80% of Incent. Fee to 6.1 M units, -are entitled to distributions in lieu of MGmt Fee
      3/6/13
    • wigit5: I was trying to understand that blurb as well... I'm not really sure.
      3/6/13
    • wigit5: mentioned it under $ANRZQ thread but interesting that $QRE and $ANR have traded in opposite directions haven't seen that in a few weeks ithink
      3/6/13
    • Clayton Rulli: Page 35 of 10 K : " for 2013, and over a three-to-five year period at a given point in time, approximately
      3/6/13
    • Clayton Rulli: 15% to 35% of our estimated total oil and natural gas production will not be covered by commodity derivative contracts.
      3/6/13
    • Albert Alfonso: Clayton, I believe QRE stated during the CC that they had trouble getting hedges for 2014+ production at reasonable rates...
      3/6/13
    • Clayton Rulli: thats true... hedging means squat if they not @ good pricing! More research should be done
      3/6/13