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ericeverett

ericeverett
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  • Lonestar Resources Is Hilariously Undervalued Right Now [View article]
    my other small cap E&P's are well off (20%+++) their lows, LNREF is making new lows. My guess is the reverse split is weighing on the shares, but dunno...
    Apr 1, 2015. 02:09 PM | 1 Like Like |Link to Comment
  • Carrizo Oil & Gas - Thoughts Following The Q4 Release [View article]
    Agreed, I don't see the value here compared to some of the smaller E&P's priced at more "distressed" levels and more levered to higher oil prices because of the lack of bloated corporate costs.
    Mar 4, 2015. 11:45 PM | Likes Like |Link to Comment
  • Civeo Corp. - 107% Upside To Reach Tangible NAV [View article]
    I've got a good chunk at about $3, sold a little at $3.60. Seems like there's plenty of runway here.
    Feb 20, 2015. 04:10 PM | Likes Like |Link to Comment
  • Restoration Hardware Has Been Solid Lately [View article]
    Think $85 is a good place to add here? Forward PE is down to 28ish at this point, and I don't know why the stock has drifted down from $100 besides profit taking and expensive valuation...looks like a great long term story. Thanks for the article.
    Feb 9, 2015. 11:10 PM | Likes Like |Link to Comment
  • Lonestar Resources Is Hilariously Undervalued Right Now [View article]
    Got back in at .17 myself today, will add on weakness. Can't believe SN is up over 100% from its low and LNREF is languishing only up 20% or so.
    Feb 2, 2015. 09:23 PM | 3 Likes Like |Link to Comment
  • Lonestar Resources Is Hilariously Undervalued Right Now [View article]
    http://yhoo.it/1CQrqvR

    Looks like great results to me, great production growth and surprising profitability at reduced prices. I wouldn't be shocked if LNREF gaps up in the morning, but I don't know what expectations were. Unfortunately I sold my position off when oil kept dropping under $44 and shares were holding up around .16. Think I'll live to regret that, will look to get back in under .18 if possible tomorrow. It'd be awesome if shares opened unchanged and I could grab some under .16!
    Feb 1, 2015. 09:59 PM | 3 Likes Like |Link to Comment
  • Update: Atico Mining's Output Continues To Increase [View article]
    I just want to thank you for your coverage of Atico. I've owned FSM in the past and based on what I'm seeing here expect a good long term investment! Bought a little bit and will continue to look to add, weakness in the copper market have made these shares dirt cheap.
    Jan 31, 2015. 12:24 AM | Likes Like |Link to Comment
  • Civeo Corp. - 107% Upside To Reach Tangible NAV [View article]
    Keystone XL passed the Senate, obviously Obama will veto it but there is some chance they could override the veto. Thoughts?
    Jan 30, 2015. 10:48 PM | Likes Like |Link to Comment
  • Silver Bull: Another Cheap Silver Stock That Is Priced Like An Option With Major Upside Potential [View article]
    At .14 per share my question is how does SVBL raise enough capital to develop this awesome mine? My assumption is silver is going to have to rise substantially to get any kind of financing without crippling dilution. The $1.5 million they got for that other property is literally a drop in the bucket for the cost its going to take - maybe 1%? Or 6 months of keeping the lights on in this non producing company. I may take a flier just as a great lever to silver. Thoughts anyone?
    Jan 27, 2015. 11:29 PM | Likes Like |Link to Comment
  • Matador Resources Throws Its Hat Further Into The New Mexico Permian [View article]
    I'd love to get a piece of MTDR but am sad its not still further off its 52 week low. Looking for good securities with a lot of beta and a chance for 100%+ appreciation with oil going back to $70ish. What do ya'll think of AREX, my purist Permian play. Thanks much.
    Jan 24, 2015. 01:29 PM | 2 Likes Like |Link to Comment
  • Energy banking boom is over [View news story]
    umm, thats why prices are down due to a supply glut, lots of new oil from dangerous places like the USA and Canada...
    Jan 12, 2015. 09:19 AM | 10 Likes Like |Link to Comment
  • Sanchez Energy: Improving Well Results Imperative For Success [View article]
    Agreed Xtra that the current cost structure to get oil out of the ground in these shale plays isn't economical at $48/barrel and was always less economical than assumed at $90/barrel because of all the capex to keep the production rolling. But everyone was happy to spread the wealth around to everyone, from the landowner to the roughneck. With oil prices as they currently are, everyone is going to get squeezed which will ultimately be great for E&P companies I predict. And SN, while having to use their cash horde to fulfil the much diminished capex this year, is at least able to do so which can't be said for many other small and medium E&P's (some of which I'm invested in) whom are dipping into credit lines to do so. If oil can rebound to $60 or $70 in 9 months these companies will be much higher than they are today. If there's a prolonged depression in prices companies like SN are in major trouble.
    Jan 11, 2015. 10:48 PM | 2 Likes Like |Link to Comment
  • Sanchez Energy: Improving Well Results Imperative For Success [View article]
    Richard, thanks for digging into SN for us! I've been in SN because of what I understood may be an underestimation of their rocks, specifically Catarina. So if improving well results are the key, I'm hopeful they'll come out of this low oil market alive. I'm sure most of the readers here have already read or listened to the last earnings call, I copied a bunch of conversation regarding Catarina below.
    Much appreciated, I always look forward to you work.

    <<<we had strong results from the completion of nine Catarina wells which were drilled by the previous operator in the upper Eagle Ford and which averaged 1,402 barrels oil equivalent per day, 64% of which were liquids. We recently brought online two more upper Eagle Ford Catarina wells with IP rates of 1,358 and 2,193 barrels of oil equivalent per day. The difference in rates is explained by different choke settings during the testing phase of the initial flow back. All 11 wells thus far have significantly outperformed our expectations and are exceeding both our lower Eagle Ford and upper Eagle Ford initial type curve estimates for this asset. On our existing assets, we are continuing full scale development and have seen similar positive production rates, while continuing to drive cost reductions across our asset base.

    As Tony mentioned, first nine upper Eagle Ford wells had initial 24 hour average production rates ranging from 973 barrels of oil equivalent per day to 2,117 barrels of oil equivalent with an average production rate of 1,400 barrels of oil equivalent per day. 30 day averages respective to the initial nine wells have averaged approximately 1,200 barrels of oil equivalent to date, exceeding our initial expectations. In comparison, these well results are approximately 70% higher than the average well results in the field and are approximately 40% higher than those wells offsetting the areas to the D-20 pad. We are encouraged by their strong initial performance and believe that this will add a significant number of higher rate of return Tier 1 drilling locations targeting the upper Eagle Ford.

    Specific to Catarina, initial estimates indicate the potential for 650 upper Eagle Ford single zone locations based on 50 acre spacing in areas of similar fitness and ferocity as the initial 11 wells completed to date. Adding that to the previously identified 600 lower Eagle Ford locations at Catarina, the Company expects an inventory of at least 1,250 high rate of return drilling locations, which is at least approximately 20 years of drilling at its current rig count.

    Our two most recently completed upper Eagle Ford wells have maintained a similar pattern on outperforming our initial expectations, with average production rates of 1,775 barrels of oil equivalent per day. We have seen 24 hour average production rates ranging from 1,358 to 2,190 barrels of oil equivalent per day on this pad. It's important to note that we are testing alternate choke management of these wells and the higher rate corresponds a more breadth of choke policy and the lower rate is more conservative.

    Both wells are exceeding expectations on a normalized basis. These two recent wells are located in the North Western area of Catarina. Upon acquisition there was no value given to the locations in this area. However, as we have obtained more data post-acquisition, we believe this area of Catarina has the potential to provide strong growth going forward. We are currently in the process of moving our rig to a multi-well stacked upper Eagle Ford, lower Eagle Ford development pad in the area with expectations to bring online this pad near the end of the first quarter of 2015.

    It's important to note that all 11 wells brought online have thus far significantly outperformed the Company's initial forecast and are attracting tight curves in excess of preliminary estimates provided to both the lower and upper Eagle Ford. With respect to facilities and bottleneck issues referenced in our recent press release, we are experiencing sooner than expected improvement in throughput. We have already installed additional compression capacity across the field, including flash gas compressors at both of the central processing facilities. We expect to continue to add compression throughout the remainder of the year and into early 2015. Furthermore, we have been able to relieve facility and pipeline bottlenecking by reconfiguring the main trunk lines at our header facilities through the commissioning of an additional high pressure line at the central processing facility. We will continue adding additional interconnect lines through the remainder of this year with the objective of increasing our ability to divert low pressure producers away from high pressure recently frac wells.
    Jan 10, 2015. 09:08 PM | Likes Like |Link to Comment
  • Lonestar Resources Is Hilariously Undervalued Right Now [View article]
    Agreed Bruin, liquidity is key. Earlier in the comments section it was noted that all LNREF needed to do to maintain the revolver was keep paying the interest, don't know if that's changed. I reinitiated a position today at .164, just seems too cheap compared to the pops some other juniors have seen from their lows.
    Jan 10, 2015. 12:14 AM | 2 Likes Like |Link to Comment
  • Sanchez Energy: Left For Dead, But This Ain't No Zombie [View article]
    Thanks for the article, it laid out nicely SN's strategy in this environment. For the record SN is my largest position at the moment so I obviously agree with you that this price is likely a bargain as long as oil/gas prices recover. A couple points - yes cost per BOE has declined nicely as the graph illustrates, but the mix has gotten a lot more gassy than in the past which is worth a lot less as well am I correct? I like the interest cost per BOE coming down as well, but the fact is SN has a LOT of debt, which is how they've been able to grow so dramatically over the past few years. I consider this a good thing, as the company is flush with cash and has substantial leasehold assets while the equity price is assuming all that leverage is going to be a large negative with the current price environment. My "bet" is as the price of oil and gas comes back up SN's position is going to get exponentially better because of this leverage. But that of course is a bet. I also like the oil/gas/NGL mix as well, although gas has gotten hit mightily lately as well. Cheers.
    Jan 8, 2015. 04:19 PM | 2 Likes Like |Link to Comment
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