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has anyone else been slowly but surely making money on PQ

Posted on 11/17/14 at 7:41 am
Posted by roguetiger15
Member since Jan 2013
16166 posts
Posted on 11/17/14 at 7:41 am
two times now i've bought in around 4 and sold around 6.5-7. it historically has a pretty steady floor at 4 and sells off between 6.5 and 8. i bought back in last week around 4 again, will see if i can go three for three.
Posted by I Love Bama
Alabama
Member since Nov 2007
37715 posts
Posted on 11/17/14 at 7:59 am to
Can you tell me a little about the company? Is the recent decline due to Oil prices?
Posted by roguetiger15
Member since Jan 2013
16166 posts
Posted on 11/17/14 at 8:11 am to
PetroQuest Energy, Inc. is an independent energy company engaged in the exploration, development, acquisition and production of oil and natural gas reserves in East Texas, Arkoma Basin, South Louisiana and the shallow waters of the Gulf of Mexico(located in Lafayette)

some if it has to do with oil prices but they're portfolio isnt huge. they missed earnings in q3 due to setbacks to a couple of their exploratory location. on the flipside they were still very very profitable year over year (700%). according to a write up in findingalpha, one of their wells (thunder bayou) is close to the desired depth of 21k and that may play a big role in how q4 turns out for them.

LINK

FA write up
This post was edited on 11/17/14 at 8:15 am
Posted by I Love Bama
Alabama
Member since Nov 2007
37715 posts
Posted on 11/17/14 at 8:13 am to
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 11/17/14 at 8:21 am to
I was actually talking to one of the execs this weekend and planned on looking into it today.
Posted by I Love Bama
Alabama
Member since Nov 2007
37715 posts
Posted on 11/17/14 at 8:35 am to
quote:

I was actually talking to one of the execs this weekend


Go on...
Posted by TheIndulger
Member since Sep 2011
19239 posts
Posted on 11/17/14 at 11:40 am to
Pq is heavily in natural gas.
Posted by L S Usetheforce
Member since Jun 2004
22763 posts
Posted on 11/17/14 at 11:42 am to
I've played em.... My brother married into a petroquest lease aka LA ponderosa..... Its been good at 3.50-4ish but I don't like the fact they they don't grow and weigh heavily on quarterly #s to see movement.
This post was edited on 11/17/14 at 11:44 am
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