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Pablomike

Pablomike
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  • Linn Energy: Something's Got To Give [View article]
    I didn't see that. Is that LINE, LNCO, or both??
    Dec 18, 2014. 03:21 PM | Likes Like |Link to Comment
  • Linn Energy: Something's Got To Give [View article]
    But they aren't facts. It is what he SPECULATES will happen.
    Dec 18, 2014. 03:19 PM | 1 Like Like |Link to Comment
  • Linn Energy: Something's Got To Give [View article]
    I've read it. What is your point?? His numbers are too optimistic.
    Dec 18, 2014. 03:16 PM | Likes Like |Link to Comment
  • Update: Memorial Production Partners' $150M Buyback Is A Huge Positive [View article]
    Not sure buyback is best use of excess cash if indeed they have any. Why not keep your powder dry for the day someone is forced to sell assets at fire sale prices??
    Dec 18, 2014. 11:39 AM | Likes Like |Link to Comment
  • Linn Energy: Something's Got To Give [View article]
    So many articles on LINE and so many posters saying LINE was just fine through the last drop in oil, they'll be just fine this time too. This time it's different. LINE was 100% hedged and at gas prices around $10. What troubles me are the 29,00BOPD not hedged. Q3 LINE got $93.11 for oil. Using $60 as base case those 29,000 barrels will cost $320M in revenue. You're right Richard something has to give.
    Dec 18, 2014. 11:34 AM | 3 Likes Like |Link to Comment
  • Linn Energy: Distributions About To Get Slashed? [View article]
    Rebel
    If you were to go back in time you would see that LINE had gas 100%hedged forward for 3-4 years priced at $8-$10. While spot prices dropped LINE's revenue stayed steady. The problem now is the 29,000 BOPD that aren't hedged that will cost them $320M in revenue this year.
    Dec 18, 2014. 11:14 AM | Likes Like |Link to Comment
  • Linn Energy: Distributions About To Get Slashed? [View article]
    I assumed she meant LINE as LNCO has zero hedges and hasn't been around for 10 years.
    Dec 18, 2014. 11:04 AM | Likes Like |Link to Comment
  • Linn Energy: Distributions About To Get Slashed? [View article]
    Sorry Chippy55 but LINE is NOT hedged 100%. In Nat gas yes. In oil only 45,000 BOPD hedged and Q3 production was 74,000 BOPD. That leaves 29,000 BOPD that sold for an average of $93.11 in Q3 sold on the spot market for $55 or less with differentials and transportation.
    Dec 17, 2014. 03:40 PM | 2 Likes Like |Link to Comment
  • What If Linn Energy 'Pulls A Seadrill?' [View article]
    I believe you mean 'median" not medium hedging is 40%. For what time period?? For oil or gas or both?? I do not think that is an accurate number in any event. Linn's hedges do not give it two years to work it out. The 30% of un-hedged oil is going to hurt them this year.
    Dec 17, 2014. 03:08 PM | Likes Like |Link to Comment
  • What If Linn Energy 'Pulls A Seadrill?' [View article]
    There will be an interruption to the distribution. Whether it is a cut, slight chance, or outright suspension, highly likely, it is coming. For Q3 they sold 74,000 BOPD at $90.31. Hedges for 2015 are about 45,000 BOPD. Using $60 because it is a nice round number, 29,000 BOPD x $30 less per barrel is almost $80M per quarter or $320M annual lost revenue. They can't take that hit and pay full distribution. At some point it won't even be up to them, it will be the banks dictating policy.
    Dec 17, 2014. 01:09 PM | 2 Likes Like |Link to Comment
  • Linn Energy: Is Extreme Volatility A Risk Or A Chance? [View article]
    $6.5B cash flow??? HUH???
    Dec 17, 2014. 12:19 PM | Likes Like |Link to Comment
  • What If Linn Energy 'Pulls A Seadrill?' [View article]
    LINE exchanged GW and Permian properties, oily, for Hugoton and other gas wells. It would seen they had good timing selling oil acres when oil was $90.
    Dec 17, 2014. 12:10 PM | 3 Likes Like |Link to Comment
  • What If Linn Energy 'Pulls A Seadrill?' [View article]
    Texas,
    You are aware that SA requires all articles to be submitted for review/editing prior to publication aren't you?? I'm sure this would explain Casey not including the closing of the GW sale.
    Dec 17, 2014. 11:53 AM | 3 Likes Like |Link to Comment
  • Bakken Crude Trading At $41.75/Bbl Is Continental Resources' Quandary [View article]
    July 2013 WLL said they were going to refrac 3 older Sanish wells circa 2008. I've inquired about this and they never get back to me. I thought this might be really good science on an early completion with very little sand and water. On the other hand only recently has WLL stepped up to better completion techniques so maybe what they did last year turned out poorly.
    Dec 17, 2014. 10:52 AM | Likes Like |Link to Comment
  • Bakken Crude Trading At $41.75/Bbl Is Continental Resources' Quandary [View article]
    I agree. Consider how many will move their rigs from fringe areas to the prime drilling locations and how much production might increase in the short term as they try to profit at $55 oil. When we get meaningful cuts to cap ex only then will we see production declines.
    Dec 17, 2014. 10:44 AM | Likes Like |Link to Comment
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