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dnpvd51

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  • Natural Gas: The Biggest EIA Report Of The Year Is A Dud [View article]
    Cabot is way deep in debt, and Cabot just recently had a 486 million dollar impairment charge.

    Cabot may have a handfull of wells that can make money at $2, but they are losing their shirts at this price. The wells cost 6 million bucks a piece. This means at $2 the well must produce 3 billion cubic feet just to break even on the cost of the well and then we have all the other costs.

    The price of Cabot stock is truly amazing. Marcellus NG price has been well below $2
    Mar 3, 2015. 02:36 PM | Likes Like |Link to Comment
  • Natural Gas: The Biggest EIA Report Of The Year Is A Dud [View article]
    Rig growth last year was astronomical.

    This caused a huge jump in production.

    This will not happen this summer. We will see falling production into rising demand. I expect the market will soon realize we can't overfill and the price will correct.
    Mar 2, 2015. 04:16 PM | 5 Likes Like |Link to Comment
  • Natural Gas: The Biggest EIA Report Of The Year Is A Dud [View article]
    Marcellus and the Utica have nothing close to a quadrillion cubic feet of NG.

    Any realistic analysis would put the reserves well under 100 trillion cubic feet of NG.

    Also, the latest PA report indicates that production growth has slowed considerably in the Marcellus.
    Mar 2, 2015. 03:45 PM | 1 Like Like |Link to Comment
  • Natural Gas: The Biggest EIA Report Of The Year Is A Dud [View article]
    4000 is not credible nor even possible.

    THere is a lag between declining rigs and declining production, but by six months time production will be dropping. I expect production to start dropping much earlier but 6 months would be the outlier.
    Mar 2, 2015. 03:39 PM | Likes Like |Link to Comment
  • The Natural Gas Rebound Will Be Fueled By Low Oil Prices [View article]
    Cabot took a $486.67 million non-cash impairment charge in the fourth quarter related to certain non-core fields, primarily in East Texas, as a result of a significant decline in commodity prices and Cabot’s decision not to pursue further activity in these areas in light of the current price environment. The write-down was partially offset by unrealized gains on derivatives, the sale of assets and a deferred tax benefit of $102.49 million.

    Read more: Cabot Oil & Gas Q4 Earnings Beat, Capex Forecast (NYSE: COG) - 24/7 Wall St. http://bit.ly/1wHlaB7
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    Mar 1, 2015. 10:55 PM | Likes Like |Link to Comment
  • The Natural Gas Rebound Will Be Fueled By Low Oil Prices [View article]
    Imminent would be before next winter.
    Feb 28, 2015. 07:02 PM | 2 Likes Like |Link to Comment
  • The Natural Gas Rebound Will Be Fueled By Low Oil Prices [View article]
    Dsandman,

    The E&P companies are not just cutting exploring costs. They are slashing drilling and slashing payrolls.

    And they have already been forced to run for several years at a serious losing price for NG. So the low hanging fruit has already taken quite a hit.

    I expect imminent falling production.
    Feb 28, 2015. 05:06 PM | 1 Like Like |Link to Comment
  • The Natural Gas Rebound Will Be Fueled By Low Oil Prices [View article]
    Gigem,

    Production growth in the Marcellus has clearly slowed according to the latest PA report on production.

    Where does Bentek expect this production growth to come from?
    Feb 28, 2015. 05:01 PM | Likes Like |Link to Comment
  • The Natural Gas Rebound Will Be Fueled By Low Oil Prices [View article]
    Do you believe it when a company claims that they can slash CAPEX yet increase production?
    Feb 28, 2015. 02:18 AM | Likes Like |Link to Comment
  • Natural Gas Poised For Extended Rally As Bears Have Overplayed Their Hand [View article]
    Read up on what?

    It costs less money to produce oil and NG???

    I don't think so.
    Feb 26, 2015. 01:01 AM | Likes Like |Link to Comment
  • Natural Gas Poised For Extended Rally As Bears Have Overplayed Their Hand [View article]
    However - natural gas production can be easily and effortlessly ramped up. Production could increase 50%, 100%, 300% if the demand is there (and the prices are good). This will keep the long-term price for natural gas in a low-value range.

    >>>>>&a...

    Do you have any evidence at all for your statement that NG production can be effortlessly ramped up?
    Feb 25, 2015. 01:27 PM | 1 Like Like |Link to Comment
  • Natural Gas Poised For Extended Rally As Bears Have Overplayed Their Hand [View article]
    We are going to have to go much higher than $4 to avoid a shortage come fall, or we need oil to go back up over one hundred dollars.

    Why do so many expect continued high natural gas production when these companies are being forced to cut CAPEX?
    Feb 25, 2015. 01:01 AM | 4 Likes Like |Link to Comment
  • Natural Gas Poised For Extended Rally As Bears Have Overplayed Their Hand [View article]
    Rig count declines will certainly have major effect on supply before fall, so we are going to have more worry about shortage than overfilling by fall.

    E&P companies of course must claim rising production or their stock will crater. Gas and oil companies are for the most part losing money at present prices and claims of future high production can help hide losses.
    Feb 25, 2015. 12:58 AM | 2 Likes Like |Link to Comment
  • Natural Gas: Another Surprise [View article]
    Where do they report their IPs?

    One would need detail on each and every one of their wells to make any kind of reasonable estimate of profitability.
    Feb 24, 2015. 12:39 AM | 2 Likes Like |Link to Comment
  • Falling Rig Count Is A Red Herring [View article]
    One thing we can be absolutely certain about.

    $30 oil is a losing price for shale oil.

    Some twenty years ago we had $10 oil and this was losing price for conventional oil. Now after twenty years of inflation and after we have used all the easy conventional oil, you make the claim that $30 oil breaks even.

    This is absurd.
    Feb 23, 2015. 11:53 PM | 3 Likes Like |Link to Comment
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