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Bill Costello

Bill Costello
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  • Halc√≥n Resources: Eagle Ford Update [View article]
    Are you a bit surprised to see them do equity down here. And only $150 million which doesn't seem to move the needle.
    Mar 18, 2015. 05:43 PM | Likes Like |Link to Comment
  • BakkenUpdate: Rex Energy Blows By Q1 Analyst Estimates On Its Way To $30/Share [View article]
    Why ?
    Run debt to Ebitda numbers for 2015
    3 is the danger zone REXX is 6+
    that's why people are freaked out with natural gas at $3 and REXX getting a $1 discount to that.
    Jan 13, 2015. 11:58 AM | Likes Like |Link to Comment
  • Bakken Update: Greenbrier's Pullback Has Provided A Buying Opportunity [View article]
    Today seems to be a decent time to get involved. Looks very attractive.
    Dec 1, 2014. 04:06 PM | Likes Like |Link to Comment
  • Lonestar Resources Is Hilariously Undervalued Right Now [View article]
    Would all of us love buyouts at 3.5 X where are stocks are trading at today.
    Dec 1, 2014. 10:47 AM | 2 Likes Like |Link to Comment
  • Comstock Resources Has Fallen Too Far [View article]
    I also found it interesting that Jay Alison the Ceo for 25+ years has pulled in $6.8 million, $6.5 million, and $2.5 million the last three years along with the team's Cowboy Stadium box and since 2008 has presided over a stock that has gone from $85 to $8.50. Impressive what it says for corporate governance I don't know.
    Nov 28, 2014. 12:42 PM | Likes Like |Link to Comment
  • Why I'm Not Worried About Emerald Oil, And Adding Shares [View article]
    Gives a new meaning to Black Friday and 25% sales.
    Nov 28, 2014. 12:31 PM | Likes Like |Link to Comment
  • Comstock Resources Has Fallen Too Far [View article]
    Not that I am a big believer in the metric but I saw today at $75 WTI, remember CRK has zero hedges in place for 2015, there NAV drops to $9. Not that it means a ton but they are sensitive to oil price, are in the TMS which probably isn't economic at $75, are unhedged, and have a reasonably leveraged balance sheet.
    Nov 26, 2014. 01:52 PM | Likes Like |Link to Comment
  • Synergy Resources: Exceptional Drilling Returns In The Niobrara [View article]
    With the pullback in oil prices and their recent acquisition the timing seems opportune for those able to ride out the oil dip.
    Nov 4, 2014. 11:52 AM | Likes Like |Link to Comment
  • PetroQuest: Click 'Buy More Shares' Now [View article]
    Nothing in the earnings release except to say at 18,000 feet and will TD in Q4. Certainly not the best quarter they could put up. You could spin a few positives on Cotton Valley and West Relay but I expected better results.
    Nov 3, 2014. 04:24 PM | 1 Like Like |Link to Comment
  • Nighthawk Energy Sees Triple-Digit Growth By Hitting Sweet Spots In The Denver-Julesburg Basin [View article]
    One other question on the rates. What they (and you) quote are gross production rates I think and what would actually receive is their net which I think is around 81% if memory serves me right.
    Oct 31, 2014. 08:59 AM | Likes Like |Link to Comment
  • Nighthawk Energy Sees Triple-Digit Growth By Hitting Sweet Spots In The Denver-Julesburg Basin [View article]
    Thanks
    I thought it was a more conventional statistical play then a resource manufacturing one.
    Oct 31, 2014. 08:57 AM | Likes Like |Link to Comment
  • Synergy Resources: Strong Production Growth Visible Through Fiscal Q2 [View article]
    Added a nice bolt on after the close tonight. Call in the morning. Should be a good deal for them.
    Oct 30, 2014. 04:25 PM | 1 Like Like |Link to Comment
  • If You Are An Alpha Seeker Looking For The Next Big Energy Play, Load Epsilon Energy Now [View article]
    They could be right. As you can see from Q3 production it is hard to grow when all you are is a minority interest to someone who might have other priorities. As you see when only 2 wells (.02 net) were brought back on line but 3 (.04 net) were taken off production fell. Those nets of gross show how little working interest (and influence) they have despite good acreage. That is why it is hard to see that as a reason for a take out. However the midstream asset is more bite size. Though the Ebitda attributable was only $2.4 million and $7.8 for the 9 months which is a far cry from the $23 million being tossed around in the valuation. I realize there are expansion plans but so far they lack firm commitments to upsize the plant as of September 30. But it is a clean balance sheet with good cash generation that has been buying shares all the way down.
    Oct 30, 2014. 03:29 PM | 2 Likes Like |Link to Comment
  • Nighthawk Energy Sees Triple-Digit Growth By Hitting Sweet Spots In The Denver-Julesburg Basin [View article]
    It looks like current production is 1,931 gross through mid October if I read their press release right. That is comparable to the 2,400 in April I assume. You had talked about triple digit growth in production but when are we going to see growth at all ? It has picked up since September lows and it looks like they have a few wells they can bring on but the quality of the inventory seems diminished from the earlier wells. The statistical nature of the play seems hard to predict.
    Oct 30, 2014. 01:20 PM | 1 Like Like |Link to Comment
  • Synergy Resources: Strong Production Growth Visible Through Fiscal Q2 [View article]
    It was a solid quarter with good outlook for their first quarter. This should be a very exciting year for SYRG with a doubling of production volumes and some interesting drilling coming up.
    Oct 30, 2014. 01:04 PM | Likes Like |Link to Comment
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