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re: EXXI - hitting new lows everyday
Posted on 10/13/14 at 7:25 pm to sneakytiger
Posted on 10/13/14 at 7:25 pm to sneakytiger
Thought they never released a statement about the well test
Posted on 10/13/14 at 7:47 pm to TheIndulger
What is there stake in it? I want to say around 30%, while it is a lick I dont think this is all bc of that. If its a complete bust, which it most likely is, they are only writing off 300M or so.
Posted on 10/13/14 at 7:51 pm to GREENHEAD22
Word around Houston is that they are not doing well at all. According to my coworker who just returned
Posted on 10/13/14 at 8:48 pm to TheIndulger
Then yea its not the DJ thats sinking them.
Posted on 10/13/14 at 9:54 pm to GREENHEAD22
Rumor mill. That's all I heard
Posted on 10/13/14 at 10:19 pm to b-rab2
Just did a little digging, from the looks of it they have been doing pretty well as far as new drills. Only 10 dry holes out of 60 wells in the last 3 years. However it doesn't say commercial or what qualifies as a productive well so they could have a couple days pop guns mixed in there that they are calling productive.
Posted on 10/13/14 at 11:02 pm to GREENHEAD22
Another energy stock to keep an eye on is Stone Energy out of lafayette. They were on pace to hit to $50 mark this summer but have lost about 50% of their market value in the last 3 months bc of the slide in prices. Currently trading at $22.70. They have tremendous upside with tons of acreage in the Marcellus and significant drilling coming online soon in deep water GoM.
This post was edited on 10/13/14 at 11:03 pm
Posted on 10/14/14 at 10:32 am to Enfuego
Sub-$7 so far with oil down again today. There are a number of value buys out there better than EXXI.
Posted on 10/14/14 at 10:49 am to cwill
quote:
There are a number of value buys out there better than EXXI.
Collateral damage buys are my favorite.
Posted on 10/14/14 at 12:10 pm to barry
Yeah, if you believe oil will settle back in the upper 80s to 90 in the next few months there are some permian focused companies that are getting hammered that are are great buys right now.
Posted on 10/14/14 at 12:35 pm to cwill
quote:
there are some permian focused companies that are getting hammered that are are great buys right now.
Well don't keep us hanging.... Spill the beans
Posted on 10/14/14 at 2:47 pm to Throbinhood
someone stop the bleeding!
Posted on 10/14/14 at 3:21 pm to vuvuzela
All I can do is laugh at this point
Posted on 10/14/14 at 3:50 pm to poule deau
quote:
From what I have read, the spiraling costs of deepwater projects
Poorly managed deepwater projects anyway
Posted on 10/14/14 at 9:27 pm to Powerman
Yea a blunder there can cost ya a billion pretty quick.
Posted on 10/14/14 at 10:14 pm to cwill
KOG for the balkken look at BCEI also
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