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rpainter22

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  • Bakken Update: 2013 Top Bakken Stock Picks, Part 2 [View article]
    Mike,

    Thanks for the articles and all of your help. I have a question about NTI dividend. Is it only paid out once a year? Can the dividend change dramatically?
    Jan 23, 2013. 10:42 AM | Likes Like |Link to Comment
  • Leverage Higher Oil Prices With These Small Oil Producers [View article]
    I think MRO would be a likely suitor as they are already in a joint venture.
    Apr 20, 2012. 08:19 AM | Likes Like |Link to Comment
  • Eagle Ford In The Maverick Basin [View article]
    Mike,

    Thanks for these articles. I appreciate that you always answer questions and put out articles when people request info. A quick question. I did not see LEI in these articles. Can you help with where their wells are and where their joint venture with MRO is? I know they are starting to get results out of Austin Chalk.
    Apr 20, 2012. 08:17 AM | 1 Like Like |Link to Comment
  • Leverage Higher Oil Prices With These Small Oil Producers [View article]
    More good news for LEI. After recent sell off time to get in?
    HOUSTON, April 17, 2012 (GLOBE NEWSWIRE) -- Lucas Energy, Inc. (NYSE Amex:LEI) an independent oil and gas company (the "Company" or "Lucas"), today announced that for the month of March 2012 the Company had average gross production, from operated wells, of 535 BOPD (barrels of oil per day). Gross production for the month of March 2012 was the highest for the fiscal year 2012. The 4th quarter 2012 (January through March 2012) gross operated production averaged 430 BOPD. The last two quarters of 2012, gross operated production averaged 328 BOPD. These numbers do not include oil and gas production from the two Eagle Ford wells operated by an affiliate of Marathon Oil Company.

    The goals set by the Company were to reach 500 BOPD of gross operated production, and to average 300 BOPD for the last two quarters of fiscal year 2012. Lucas has accomplished both. The Company anticipates continued growth in gross operated production in the 2013 fiscal year with the drilling of new Austin Chalk horizontal wells and the drilling of new Austin Chalk laterals from old well bores with the financing through joint ventures. Further details of joint venture financing will be presented in later news releases.

    The increase in gross operated production has been due to new drilling in the 3rd and 4th quarters of fiscal year 2012. Lucas has drilled two new Austin Chalk horizontal wells, and three new laterals from existing Austin Chalk wells during the past 6 months. Recently, the Hagen Ranch Unit No.1HST well (a new lateral from an existing Austin Chalk well) was completed and put on pump. During the month of March 2012, the well produced 5,200 bbls of oil from the Austin Chalk formation. For more information on this and other activities of the Company, see the Lucas Energy web site http://bit.ly/5KR89K.
    Apr 18, 2012. 10:47 AM | Likes Like |Link to Comment
  • Is Lucas Energy Copying Chesapeake And About To Make A Bold New Move? [View article]
    The good news you are waiting for just came. Time to get back in this one:HOUSTON, April 17, 2012 (GLOBE NEWSWIRE) -- Lucas Energy, Inc. (NYSE Amex:LEI) an independent oil and gas company (the "Company" or "Lucas"), today announced that for the month of March 2012 the Company had average gross production, from operated wells, of 535 BOPD (barrels of oil per day). Gross production for the month of March 2012 was the highest for the fiscal year 2012. The 4th quarter 2012 (January through March 2012) gross operated production averaged 430 BOPD. The last two quarters of 2012, gross operated production averaged 328 BOPD. These numbers do not include oil and gas production from the two Eagle Ford wells operated by an affiliate of Marathon Oil Company.

    The goals set by the Company were to reach 500 BOPD of gross operated production, and to average 300 BOPD for the last two quarters of fiscal year 2012. Lucas has accomplished both. The Company anticipates continued growth in gross operated production in the 2013 fiscal year with the drilling of new Austin Chalk horizontal wells and the drilling of new Austin Chalk laterals from old well bores with the financing through joint ventures. Further details of joint venture financing will be presented in later news releases.

    The increase in gross operated production has been due to new drilling in the 3rd and 4th quarters of fiscal year 2012. Lucas has drilled two new Austin Chalk horizontal wells, and three new laterals from existing Austin Chalk wells during the past 6 months. Recently, the Hagen Ranch Unit No.1HST well (a new lateral from an existing Austin Chalk well) was completed and put on pump. During the month of March 2012, the well produced 5,200 bbls of oil from the Austin Chalk formation. For more information on this and other activities of the Company, see the Lucas Energy web site http://bit.ly/5KR89K.
    Apr 18, 2012. 10:45 AM | 1 Like Like |Link to Comment
  • Abraxas Petroleum Built Around Solid Assets [View article]
    Abraxas Announces 2011 Year-End Reserves with a 45% Increase in Oil and NGLs over 2010
    http://yhoo.it/zV3pO2
    Mar 8, 2012. 08:01 AM | Likes Like |Link to Comment
  • Leverage Higher Oil Prices With These Small Oil Producers [View article]
    Good new for LEI 59% increase this year and still need to give update on Austin Chalk http://bit.ly/wRW6Dw
    Mar 5, 2012. 04:54 PM | Likes Like |Link to Comment
  • Leverage Higher Oil Prices With These Small Oil Producers [View article]
    Was it profit taking? Or did some news come out? Oil is still around 108.00. Buy the dip?
    Feb 27, 2012. 08:31 PM | Likes Like |Link to Comment
  • Is Lucas Energy Copying Chesapeake And About To Make A Bold New Move? [View article]
    What about MRO just buying them out completely? Seems probable.
    Feb 27, 2012. 08:29 PM | Likes Like |Link to Comment
  • Leverage Higher Oil Prices With These Small Oil Producers [View article]
    Michael,

    Another great article. I am glad to see Lucas Energy LEI hit your radar. They have had some great news lately and I think this one is in for a good run. Volume has been low and once it is picked up by some rating agency this one could pop. It is only rated by one analyst with a 5.50 price target and a strong buy.

    Thanks

    Ryan
    Feb 24, 2012. 11:09 AM | Likes Like |Link to Comment
  • Triangle Petroleum: 2012 Could Be Its Year [View instapost]
    Michael

    I sold my TPLM and now I am hoping for a pullback. It hit 6.65 for a few seconds last week before rebounding. When is a good time to get in I feel like it is breaking out.

    Ryan
    Feb 6, 2012. 09:52 PM | Likes Like |Link to Comment
  • Q4 Production Update For The Bakken [View article]
    oconnor124

    I agree. It is hard for me to sell and buy back on the dip in KOG. I think it is a take over target. I agree with Michael that it would be later in the year, but with weakness here and everyone seems to agree that it will be a good long term play, a potential buyer may see now the time to buy. I will hold and buy some put protection. If they get bought I will gladly take the loss on the puts :)
    Feb 6, 2012. 08:35 AM | Likes Like |Link to Comment
  • VMware Tends To Lose Post-Earnings Move No Matter Its Direction [View article]
    Based off of the last three earnings report it appears we should hold the stock until after earnings? between 6-13% next day. The title of this article makes this confusing.

    On Oct. 17, 2011, the stock slipped 0.4% after an earnings and revenue beat. Shares jumped 8.2% the next day.
    On July 19, 2011, the stock rose 6.4% after VMW easily beat the Street view with Q2 results. Shares dipped 0.1% the next day.
    On April 19, 2011, the stock jumped 11.3% in evening hours following an earnings beat and guidance that topped the Street view. Shares rose 13.8% the next day.
    Jan 23, 2012. 12:08 PM | Likes Like |Link to Comment
  • How Eagle Ford Compares To The Bakken [View article]
    Michael,

    Thanks for another great article. I really appreciate the research you put into your articles. One question. If AXAS is pulling 1600 Mboe out of what appears to be fewer locations(less cost). Would their EPS be higher compared to a SSN or GEOI? Is there a way to figure out how many Rigs they are running? Am I reading this wrong?

    Abraxas (AXAS) EURs are:
    North Fork/Nesson (E McKenzie): 500 Mboe
    DeWitt County: 1100 Mboe

    Samson (SSN) EURs are:
    North Stockyard (South Williams): 400 Mboe
    Roosevelt Bakken (Roosevelt County): 300 Mboe
    Roosevelt Three Forks (Roosevelt County): 200 Mboe

    GeoResources (GEOI) EURs are:
    NW Williams County: 350-500 Mboe
    E Richland/E Roosevelt counties: 350-500 Mboe
    Mountrail County: 400-600 Mboe
    Fayette, Atascosa, and Gonzales counties: 350-500 Mboe
    Jan 22, 2012. 11:09 AM | 2 Likes Like |Link to Comment
  • Abraxas Petroleum Built Around Solid Assets [View article]
    I agree all the analyst covering this company give it a buy or strong buy. Median price target of $5.50 low of $5.00. I picked up a couple thousand shares today.

    http://yhoo.it/AhTrbX
    Jan 18, 2012. 12:33 PM | Likes Like |Link to Comment
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