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re: Oil Stocks
Posted on 2/4/12 at 4:13 pm to TJG210
Posted on 2/4/12 at 4:13 pm to TJG210
There were some buyout rumors about WTI last summer that never panned out. I still prefer CAM over WTI though.
APA is trading just above the 200 day moving average. It still has 30% to the 1 yr high. I'm seriously considering buying on Monday.
APA is trading just above the 200 day moving average. It still has 30% to the 1 yr high. I'm seriously considering buying on Monday.
1
Posted on 2/4/12 at 4:13 pm to kfizzle85
I'm starting to see items that generally have had lead times of 5-10 weeks going out to 20-24.
Flask, do you have a take on the stocks I've listed?
Flask, do you have a take on the stocks I've listed?
Posted on 2/4/12 at 4:15 pm to Interception
quote:
There were some buyout rumors about WTI last summer that never panned out.
This is one I've been playing around with since it was $7.00/share, just buying in and out.....I sold at $27 last year, and then bought back in at $24 right before the big dip. I'm hoping to get back to even or a little above and I'll probably cut it loose. They did pay out a nice $.63/share special dividend at the end of the year though!
This post was edited on 2/4/12 at 4:17 pm
Posted on 2/4/12 at 4:16 pm to TheHiddenFlask
Where did I say I was gonna pour a ton of money?
I have the opportunity to invest in their stock at a discount.
Mr. Gekko, is it a dog? Dog with flees?
I have the opportunity to invest in their stock at a discount.
Mr. Gekko, is it a dog? Dog with flees?
Posted on 2/4/12 at 4:33 pm to dkreller
quote:
Where did I say I was gonna pour a ton of money?
You seemed to be insinuating it by saying that it's going to go up $30 dollars a share. I interpreted your post to have an tone of "easy money" rhetoric.
quote:
I have the opportunity to invest in their stock at a discount.
You should take advantage of that, but I would not hold a gigantic portion of my retirement savings in any single stock, especially not the one that is writing my paychecks.
This post was edited on 2/4/12 at 4:33 pm
Posted on 2/4/12 at 4:41 pm to TJG210
quote:
Flask, do you have a take on the stocks I've listed?
Cameron and NOV are both pretty expensive at 26.6x and 17.5x P/E.
Even though CAM wasn't at fault for the BP horizon, they were the manufacturer of the BOP, which is about the only thing I know about them other than that they hire a ton of LSU engineering grads. If I'm going to take a risk on a company, it's not going to be one with a high P/E, just a personal preference.
NOV is a great company, I and they may be in a good position to take advantage of an emergence in natural gas, if that ever happens. I think it's a good long term play, but I have no opinions in the short run.
WTI is a company I know nothing about, but the numbers look good. Their dividend policy is really weird, I would have to read up on why management is doing that before I invested. On it's face, it seems to say that they company may have limited quality growth potential. However, if I had to make a 2 minute evaluation, I would put it at a buy.
Posted on 2/4/12 at 5:39 pm to TheHiddenFlask
Right from the start I'm investing 7% into my 401K (which will be matched), plus I have a pension, and I will invest in the stock. I'm about to contact a buddy of mine who works for Merryl Lynch and set up some other type of investment. I really have no clue what type of investment to do but I imagine he'll have some options for me.
Posted on 2/4/12 at 7:40 pm to dkreller
Posted on 2/4/12 at 8:50 pm to Interception
EXXI
Posted on 2/4/12 at 9:54 pm to wegotdatwood
You know in this thread I hear a lot about gas and the low gas prices. While prices are indeed low, drilling is not dropping off - not so much the economics (although they are still pulling gas out at about a 20% margin) but because the lease holder HAS to and I mean HAS to drill on their lease.
If they don't they lose the lease. Each and every acre of lease has to have drilling or production activity every two years.
That will drive a lot of the drilling and demand for services and equipment.
If they don't they lose the lease. Each and every acre of lease has to have drilling or production activity every two years.
That will drive a lot of the drilling and demand for services and equipment.
Posted on 2/4/12 at 10:11 pm to Mid Iowa Tiger
If CHK reducing its rig count by half and slashing gas-related cap ex by 70% isn't the definition of dropping off I'm not sure what is.
Posted on 2/4/12 at 10:58 pm to Mid Iowa Tiger
Drilling to meet HBP expiry isn't that big of a driver here since one well producing can hold an entire lease.
Posted on 2/5/12 at 9:29 pm to Mid Iowa Tiger
Rig count in the Haynesille is down 50 percent from last year. Expectations are in 6 months for that number to be cut in half again. The ng guys are hurtin in a bad way, and shifting their capital to liquid plays.
Until gas gets back to 4$ per mcf drilling will be slow on that side.
Until gas gets back to 4$ per mcf drilling will be slow on that side.
Posted on 2/5/12 at 9:40 pm to zbra24
quote:
Rig count in the Haynesille is down 50 percent from last year. Expectations are in 6 months for that number to be cut in half again. The ng guys are hurtin in a bad way, and shifting their capital to liquid plays.
Until gas gets back to 4$ per mcf drilling will be slow on that side.
So would that mean all stocks listed in this thread won't do good in the near future?
Posted on 2/5/12 at 11:26 pm to Athanatos
quote:
Posted by Athanatos Drilling to meet HBP expiry isn't that big of a driver here since one well producing can hold an entire lease.
Where is here? And that's not the case all the time anywhere.
Posted on 2/5/12 at 11:30 pm to wegotdatwood
Of depends on whether the company is more ng or oil. CHK is going to be in trouble. Hayensville, Barnett and most of the Marcellus production wasnt economic at $4 so $2.50....
Posted on 2/6/12 at 7:01 am to gonads&strife
What about RIG and WTI. Both do natural gas but can't tell if that's their primary product or not.
Posted on 2/6/12 at 8:25 am to wegotdatwood
WTI is primarily a nat gas company. RIG is a service company - driller - as long as demand for rigs stays up it should be fine.
Posted on 2/6/12 at 9:49 am to gonads&strife
Here is some that I am long on: BCEI, BP, EPD, LINE
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