Seeking Alpha
  • Hillbilly Stock Star
    Summer Game Plan "Fortress Utah" QEP & STR, building positions slowly, Long.
    5/25/12
    Reply (14)
    • weed: Could you expand a bit on the appeal of QEP?
      5/25/12
    • Hillbilly Stock Star: Yeah sure, Utah may have 1.5 Trillion barrels of oil aka "The Motherlode"
      5/25/12
    • Hillbilly Stock Star: They use "rigs of rails" oil rig slides on railroad tracks to multiple drill sites. Kinda 4 in 1, my guess is cost effective w/ laterals.
      5/25/12
    • weed: Thanks, Hillbilly.
      5/25/12
    • Hillbilly Stock Star: 89% cap-ex 2012 is for oil, NGL's to balance.
      5/25/12
    • Hillbilly Stock Star: Eventually heads to Gulf Coast to PSX to refined product for export, Long 100 shares PSX.
      5/25/12
    • Hillbilly Stock Star: I just wanna be ready for $75 crude like GMO boys!
      5/25/12
    • Hillbilly Stock Star: I be in Salt Lake in couple weeks on the way to LV, I'll let you know if I see or hear anything.
      5/25/12
    • weed: So QEP does well even with lower price for oil?
      5/25/12
    • Hillbilly Stock Star: Hopefully via oil production growth and nat/gas goes up.
      5/25/12
    • Hillbilly Stock Star: That said not an overnight thing long time to play out.
      5/25/12
    • Hillbilly Stock Star: Hedged with VCSH, SHM, Large positions, just in case.
      5/25/12
    • mun2000: I bought Kansas maybe Dorothy will help me LOL Crcl
      5/25/12
    • Hillbilly Stock Star: Still doing good in OKE, cash ready for dip! Last Summer was "Fortress Oklahoma"!
      5/25/12