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Bob de'Long

Bob de'Long
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  • Whiting Petroleum to launch offerings for 35M shares, $1B in senior notes [View news story]
    WLL needs to fire all its finance people and all its corporate development people. They got WLL into this mess.
    Mar 23, 2015. 06:09 PM | 3 Likes Like |Link to Comment
  • U.S. Shale Producers Prolong Their Misery With Equity Offerings [View article]
    Remember the last time that oil prices plunged? BEXP (Brigham Exploration) plunged to $1.10 and was selling equity to keep its drilling going. Like a fool, I bought at $1.10-$1.30. BEXP recovered, and I was forced to sell $36.40.

    It's either sell equity to keep going, or it's layoff the exploration department, shut down drilling, and go bankrupt. Root, hog, or die.

    Life was never easy for long in the oil patch. You must take high risk to get high rewards.
    Mar 9, 2015. 08:17 AM | 6 Likes Like |Link to Comment
  • SandRidge Energy: What Happens Once The Cash Pile Runs Out? [View article]
    SD is worth about 44¢, no matter what you guys say. ;)

    At one time, I had about 1/3 of my portfolio in SD. I managed to get out with only a relatively small loss.

    "Sandridge is just one of many with mediocre assets in a low commodity price environment." ---- True, but SD is proven to be mediocre. Other apparent dogs (HK and GDP) have possibility because we don't yet know how good their unproven holdings are.
    Mar 6, 2015. 01:31 PM | 2 Likes Like |Link to Comment
  • U.S. oil drillers cut rigs to lowest since August, Baker Hughes says [View news story]
    It's winter. It's winter. It's winter.
    Nov 8, 2014. 04:48 AM | 2 Likes Like |Link to Comment
  • SandRidge Energy may need to restate two years of quarterly earnings [View news story]
    I remember Tom brushing off analysts' questions on this very subject. He left with the gold mine... you got the ________
    Nov 4, 2014. 02:53 PM | Likes Like |Link to Comment
  • Concho Resources removed from Howard Weil's Focus List [View news story]
    SA just sent me an email for this silliness. I could care less what Howard Weil thinks; Howard Weil is another financial parasite.

    I haven't owned CXO stock for three years.
    Aug 8, 2014. 12:07 PM | Likes Like |Link to Comment
  • Triangle Petroleum Announces Acquisition Of Williston Basin Properties [View article]
    ... or tiger by the tail.
    May 16, 2014. 11:20 AM | Likes Like |Link to Comment
  • Number 1 Ranked Domestic Oil And Gas Play - Newfield Exploration [View article]
    I hope you are right about NFX; I still have jug full of NFX common.

    I continue to be down of NFX management. NFX sold their Gulf of Mexico assets only after quarters of complaints by shareholders and analysts. NFX is selling their high-risk marginal-return Asian assets only after quarters of complaints by shareholders and analysts.

    NFX’s Eagle Ford investment has proven to be a marginal boondoggle. NFX sold their Williams County ND assets to CLR; CLR, by far, got the best of the deal. NFX’s Utah results are far from the 80% return that NFX was crowing about a couple years ago, and NFX will have difficulty selling the waxy oil that they do produce.

    That leaves only the NFX’s remaining North Dakota assets and NFX’s new Oklahoma assets; both of which look very good.

    How long has NFX’s capital budget been stuck on $1.6 - $1.7 billion? -- 4 years? -- 5 years? The oil business is one of rapid acceleration not cruising and 15 mph.

    That said, I still have hopes for NFX.
    May 16, 2014. 11:17 AM | 1 Like Like |Link to Comment
  • Whiting Petroleum Working On The Second Act [View article]
    Whiting is not mature as it has too many locations to drill. The time to "price in" the Niobrara was the day WLL announced a gas plant down there (over a year ago). Oil companies are not "going concerns," but only drilling concerns.

    The story is always the next big play, and WLL has several that it seems keen on.
    Apr 21, 2014. 09:02 PM | Likes Like |Link to Comment
  • Halcón Resources: Latest Eagle Ford Well Results (Through January 2014) [View article]
    TMS - Tuscaloosa Marine Shale. It looks to me like HK is really a risky play on the TMS.
    Mar 5, 2014. 03:56 PM | 2 Likes Like |Link to Comment
  • Halcon Resources: Q4 2013 Results - Quick Read [View article]
    Your previous inference that HK had put the Utica on the back burner (at best) was spot on, and I was wrong.

    Looking at HK's, Presentation HK's two development core plays' IRRs still look to be just above marginal.

    I enjoy HK's gambling style of jumping into and out of plays. I picked up another bunch of HK stock after hours even though, I already had considerable stock in TMS's big bad boy, GDP.

    HK's conference call is at 10:00 ET this morning. WLL is at 11:00 ET.

    Richard, I hope you update us on FST; It's fall yesterday from $3.25 to $1.93 was stunning. Thanks for the quickie on HK.
    Feb 27, 2014. 08:45 AM | 1 Like Like |Link to Comment
  • Newfield Exploration: Read-Across From Anadarko's Bohai Bay Sale [View article]
    Richard, thanks for doing the hard work for the rest of us.
    Feb 25, 2014. 04:29 PM | Likes Like |Link to Comment
  • Goodrich Petroleum Announces Year-End And Fourth Quarter Financial Results And Operational Update [View article]
    More downhole drilling and completion problems. Either the TMS is too tough or GDP's management is too weak. I'll continue to hold on TMS's great potential despite GDP's poor performance.
    Feb 19, 2014. 04:56 PM | Likes Like |Link to Comment
  • Halcón Resources: Eagle Ford Update [View article]
    I'm long HK, but not cheerleading like most of you above. I bought HK to get a large stake in the Utica cheaply -- a HK Utica valuation seems to be unpopular these days.

    I'll be watching February 26 & 27 for the quarterly and the conference call information, especially for news on the Utica. This Eagle Ford news is ok, but it's a little like eating a microwave dinner on Thanksgiving -- ok, but great.
    Feb 11, 2014. 09:11 AM | 2 Likes Like |Link to Comment
  • Utica Shale: Antero Revises Down EUR Estimates For Condensate Window [View article]
    Good article. Thanks. I agree with Mr. 1434361; they are still great wells. Pipeline capacity still bothers me the most.
    Feb 7, 2014. 04:44 PM | 2 Likes Like |Link to Comment
COMMENTS STATS
701 Comments
998 Likes