Seeking Alpha

obicat

obicat
Send Message
View as an RSS Feed
View obicat's Comments BY TICKER:
Latest  |  Highest rated
  • One of today's big losers in the energy sector is Apache (APA -2.4%), which has assets in Egypt. Oppenheimer and others have warned APA's assets there have been a drag on valuation that's likely to get worse given the country’s "dysfunctional government, deteriorating economy, polarized society and exploding population." Shares have slipped ~4.5% this week vs. a 0.4% drop for S&P energy stocks. [View news story]
    sounds good!
    Jul 4 08:02 PM | Likes Like |Link to Comment
  • One of today's big losers in the energy sector is Apache (APA -2.4%), which has assets in Egypt. Oppenheimer and others have warned APA's assets there have been a drag on valuation that's likely to get worse given the country’s "dysfunctional government, deteriorating economy, polarized society and exploding population." Shares have slipped ~4.5% this week vs. a 0.4% drop for S&P energy stocks. [View news story]
    Yes, but who will own the assets? Will the new government nationalize?
    Jul 4 08:00 PM | Likes Like |Link to Comment
  • A Swing Long Case For Apache Corporation [View article]
    The amount of stock the insiders are buying makes this factor a poor indicator. How many readers out there routinely buy in those quanities. Not impressive! Looks like a deceptive move to me. Trying to stimulate buying by outsiders?
    Apr 10 11:43 AM | Likes Like |Link to Comment
  • Chesapeake Energy (CHK) agrees to sell a substantial majority of its remaining midstream assets to Access Midstream Partners (ACMP) for ~$2.16B; the assets are located primarily in the Marcellus, Utica, Eagle Ford, Haynesville and Niobrara shale plays. CHK also anticipates completing the sale of its remaining midstream assets by the end of Q1 2013 for ~$425M. CHK +0.3% AH. [View news story]
    From wellhead to pipeline-- What else does this cover besides the tankage, heater treaters, separators, pipeline gathering systems at or near the wellhead ?
    Dec 11 09:23 PM | Likes Like |Link to Comment
  • Bakken: Getting Thicker And Denser [View article]
    Bottom line , SD needs cash and lots of it to stay afloat and to fullfill their drilling goals.
    Nov 10 11:07 AM | 1 Like Like |Link to Comment
  • Bakken: Getting Thicker And Denser [View article]
    An old Conoco employee with some oil stocks in my portfolio(including CLR). Owner of some producing gas royalty in western Oklahoma. It was family owned land which was sold a few years ago. We retained the royalty.
    Nov 6 07:26 PM | 1 Like Like |Link to Comment
  • Bakken: Getting Thicker And Denser [View article]
    It seems odd to me here from the old oil patch of Oklahoma, to hear of Continental having a lease inventory of 10 years. In our area, the leases run for 3 years. If you don't drill by that time you are off the lease. Question---How are the leases structured in the Bakken. i.e. are they for periods of 10 years or longer? How did they manage that. I have heard that Continental has over 900,000 acres under lease in the Bakken. That would take some doing to drill that out in 3 years.
    Nov 6 07:20 PM | Likes Like |Link to Comment
  • The Utica Shale contains ~38 Tcf of undiscovered, technically recoverable natural gas, plus an average of 940M barrels of oil and ~9M barrels of natural gas liquids, according to a new assessment by the U.S. Geological Survey. Some early wells from the likes of CHK and REXX show promise, but the estimates still pale vs. the Marcellus, which holds ~84 Tcf of gas. [View news story]
    Your handling of the English language will determine the influence of your argument on the opinion of your readers
    Oct 5 06:46 PM | 1 Like Like |Link to Comment
  • Chesapeake Energy (CHK -0.9%) is downgraded to Hold at Stifel Nicolaus on valuation, a view that remaining asset sales will have less of a positive impact on shares, and that the focus will switch from distressed valuations back to going concern valuations which will make it difficult for CHK to move much higher absent a meaningful gas recovery. [View news story]
    Aubrey McClenden is full of natural gas.
    Sep 26 12:27 PM | 2 Likes Like |Link to Comment
  • Chesapeake Energy Has 75% Upside Once CEO Leaves [View article]
    Too bad you have not read all of the articles in this publication, or is your problem that you just can't someone else's viewpoint . You would not likely accept the facts. We will see how your view
    stands up when all the facts are out. I personally like what I know about Aubrey , but I think there are some big problems with the operations of this company and the fraternity brothers composing it's board,rubber-stamping the operations.
    Jul 16 11:35 AM | Likes Like |Link to Comment
  • Chesapeake Energy Has 75% Upside Once CEO Leaves [View article]
    Oh, quake! I read in some publication that BHP had abandoned leases they bought in arkansas they had bought from CHK . Not inside info. Tell me how I benefit from this inside info.
    Jul 12 09:16 PM | Likes Like |Link to Comment
  • Chesapeake Energy Has 75% Upside Once CEO Leaves [View article]
    There may not be any evidence of a fire sale, but is natural that the price will be low because if the low price of the natural gas market. Also problematic is the reputation of Chesapeake to overstate the value of their properties, i. e. The fields tend to not produce as advertised. Ask BHP Billiton.
    Jul 12 10:51 AM | 3 Likes Like |Link to Comment
  • Adding former Conoco boss Archie Dunham as chairman brings another M&A master to Chesapeake's (CHK -3%) lineup, and begs the question of whether a larger deal is in the offing. The five new board members bump up the board's average age, prompting conjecture that directors who aren't going to stick around might be more receptive to selling the company.  [View news story]
    Interesting that Dunham has sold every company that he headed. That happened to several Conoco Subs and finally Conoco Itself.
    Jun 22 04:10 PM | Likes Like |Link to Comment
  • If Oil Rallies, Big Bakken Producer Continental Resources May Be One Of The Biggest Beneficiaries [View article]
    77 year old former Conoco employee for over 30 years. I am long on Apache Oil (APA). I plan to increase my energy( oil) holdings if prices drop more.

    My question is how Continental has one million acres in the Bakken, how will they be able to develop the huge holdings. Here in the old Oklahoma oil patch, the mineral leases are for a three year term. It would seem that to develop their holdings Clr would have their hands full.
    May 30 11:21 AM | Likes Like |Link to Comment
  • It Is Chesapeake's Board Of Directors That Needs To Go First [View article]
    There are a number of politicians on the board of Chesapeake and I think they are clueless about the oil and gas business. They were buddies of Aubrey who will obviously do as he says.

    We know that the wells coming out of the Fayeteville leases are in the majority very weak. That is reported in the newspapers in Arkansas. What do you mean we have no way of knowing? I don't know if Price Waterhouse had any interest in Enron or not, but many smart people did . The investment firms have to depend on the financial reports put out by the companies and can make investments that go sour, whether they are stupid or not.

    It has been a fear that Aubrey has a big conflict of interest in his personal hedge fund operation. He could play off agianst Chesapeakes hedge plays and make a profit on Chesapeakes gains.

    I have no idea how all of this will play out but it looks very scary. Good luck to you Steve, but I am sitting this one out.

    I got out of Chesapeake when the board bailed out Aubrey with a huge bonus after he had a huge margin call loss. Thank goodness I got out without a loss.

    Out here in the oil patch, it is common for operators to claim big prospects for their holdings and then sell out at a high price. Buyer beware.
    May 7 09:50 AM | 4 Likes Like |Link to Comment
COMMENTS STATS
16 Comments
15 Likes