Kerr-McGee Corp. (KMG)

All Comments on KMG

  • commenter
    User 218405
    Jul 28 12:40 PM
    Stocks Covered by The Energy Stock Blog [view article]
    ABP synbol has been changed to AXAS. I tried changing the symbol, but it doesn't recognize the new symbol. I enjoy reading Alpha Stock Alerts. Thank you. Reply
  • commenter
    SeekingAlpha
    Editors
    Apr 06 05:17 AM
    My Website
    General Discussion on KMG
    Is this a buy or a sell? Reply
  • commenter
    Chad Brand
    Jun 26 10:34 AM
    My Website
    Anadarko's Dual Acquisition Doubles Its Size [view article]
    I would agree on some points and disagree on others.

    There is no doubt that the energy industry is cyclical, but I do not believe the cycle has peaked yet. The NG stocks have been weaker relative to the oil names since the underlying commodity price has been relatively weaker and the stocks in the short term track the gas price. the question is, does NG present a better value now because of that. We could be one category five hurricane away from $10 NG, but the stocks are pricing in $6. And I do not think we will have warm winters every year. That is a big reason why inventory levels are high right now.

    I disagree that LNG will bring down NG prices from here. Both the 12 month and 72 month futures strips are pricing gas at more than $8, and LNG being considered in that pricing. I think the futures markets are right about NG price trends. If we go to $3 then, yes, the stocks have peaked. However, I am taking the other side of that trade. The next $2 move should be up, not down, and could come as soon as a storm hits, or we get a cold winter. All of this gas drilling is proving extremely profitable, and the firms are even hedging production (APC to hedge 75% of production from their mergers) to lock in prices since the futures markets are over $8.     Reply
Loading...
Symbols:
Authors:
Quick Links: