- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Petroquest (PQ)
Posted on 3/19/13 at 11:14 am
Posted on 3/19/13 at 11:14 am
What is the boards feelings on this company? Its currently at 4.48. Was as high at $9 this winter before a major plummet.
Looks like their recent numbers are trending in the right direction and some analyst think its estimates should be around $9 for the year
Looks like their recent numbers are trending in the right direction and some analyst think its estimates should be around $9 for the year
2
Posted on 3/19/13 at 11:21 am to Lsut81
I worked for them for 2 summers 
Posted on 3/19/13 at 11:28 am to BACONisMEATcandy
quote:
I worked for them for 2 summers
Was that before or after their stock was at $25?
Posted on 3/19/13 at 11:30 am to Lsut81
before 
Posted on 3/19/13 at 12:44 pm to BACONisMEATcandy
Why did it fall so much?? They mostly offshore?
Posted on 3/19/13 at 12:48 pm to Lsut81
EDIT: Never mind, you commented on it....
This post was edited on 3/19/13 at 12:50 pm
Posted on 3/19/13 at 12:49 pm to OnTheBrink
quote:
See this thread and the exchange between I Love Bama and Greenhead22.
Yeah, I asked for clarity and Greenhead never got back to me.
Just curious, I'm really thinking about picking up a hundred shares and letting it ride
Posted on 3/19/13 at 12:51 pm to Lsut81
I saw that you commented after I made it all the way down...
Posted on 3/19/13 at 12:55 pm to OnTheBrink
Like I said, unless I'm reading their P&L wrong, they are trending in the right direction... Major decline took place in the mid to second half of last year and their most recent statement shows a heavy decline in expenses.
Like he said, I am assuming they acquired some key areas during those time frames
Like he said, I am assuming they acquired some key areas during those time frames
Posted on 3/19/13 at 1:43 pm to b-rab2
quote:
Why did it fall so much?? They mostly offshore?
They were strictly offshore when I was there... They were bought out by someone shortly after I left I believe (07-09 guesstimate)
Posted on 3/19/13 at 9:44 pm to Lsut81
What was the question?
And Bacon, what did you do for them?
And Bacon, what did you do for them?
Posted on 3/19/13 at 9:48 pm to BACONisMEATcandy
They have since moved onto land, have a decent amount of acres in the in the MSLime play if I remember correctly.
This post was edited on 3/19/13 at 9:49 pm
Posted on 3/20/13 at 8:27 am to GREENHEAD22
quote:
What was the question?
Just wondering what the MTBs opinion was on the stock now that it is at $4.50
Like I said, was at $9 in November and $25 in 08'. Looks like there was a downward trend in their financials, but that has since turned around and is trending in the right direction.
Thinking of picking up a few hundred shares and letting it ride
Posted on 3/20/13 at 8:52 am to GREENHEAD22
quote:
And Bacon, what did you do for them?
Summer Hand (Roustabout) on Ship Shoal 72
Posted on 3/20/13 at 10:45 am to BACONisMEATcandy
I don't know about their MS Lime assets, but they've got two wells in the deep shelf play making 60 million a day and 1000 barrels a day gross (not sure what WI they own), and some horizontal Cotton Valley in East Texas. Pretty sure they have interests in some of the other south LA deep gas prospects being tested right now. They are probably in the same boat as a lot of the other debt drillers where they have to balance the line between servicing debt and making a profit developing natural gas at these cheap prices. I'm not sure if they have any good avenues to oil prospects or oil growth as that is where the money is for the foreseeable future. The Mississippi Lime has proven to be underwhelming compared to some of the projections a year ago.
This post was edited on 3/20/13 at 10:56 am
Posted on 3/20/13 at 2:00 pm to TigerDog83
They do have acreage in ETX as well as the woodford. I havent payed to much attention to them lately but last I did they were still pretty light on liquids. And mcuh like TigerDog said I am not sure what prospects they have going and oil is where the $ is. I had heard they were trying to partner up with LLOG or another company in some of there deepwater project but never heard anything more on it.
Posted on 3/20/13 at 2:02 pm to Lsut81
I personally would do it but I am a homer when it comes to local independents.
Posted on 3/20/13 at 2:06 pm to GREENHEAD22
quote:
I personally would do it but I am a homer when it comes to local independents.
I mean, I'm thinking worst case scenario I lose $50 bucks, but if it goes back up to its November numbers, I can double my money.
Posted on 3/20/13 at 2:21 pm to Lsut81
I agree and if you want to look at the long run they are well positioned if/when the US starts exporting NG.
Posted on 3/20/13 at 2:23 pm to GREENHEAD22
quote:
if you want to look at the long run they are well positioned if/when the US starts exporting NG.
Thats why I hit you up in the other thread. I saw you mention something about good leases that they were acquiring. Did a little reading on their recent financial statement and they expected costs of production to decline by 10-20% due to efficiency savings and then there was talk about about 6k acres they have acquired rights to.
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News