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castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
48870 posts

re: oil stocks...which one would you buy for the long term and why
quote:


How do you like the midstream business?
It's great. My base isn't as much as the U/S guys, but bonus and LTIs put me very close to (if not better than) my peers, and the stability is good.


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jimjackandjose
Member since Jun 2011
3486 posts

re: oil stocks...which one would you buy for the long term and why
You do realize exxon has upstream and downstream and is growing their chemicals portfolio significantly correct?

Both CVX and XOM are good for 12% in the next year.


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31
cwill
Member since Jan 2005
37654 posts

re: oil stocks...which one would you buy for the long term and why
quote:

Denbury: they do CO2 injection for oil recovery , there is a ruling coming out that will pay a subsidy for injecting CO2 and no royalty for CO2 recovery oil production.


Theyre teetering on bankruptcy.


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cwill
Member since Jan 2005
37654 posts

re: oil stocks...which one would you buy for the long term and why
quote:

Chesapeake


Still crushed by massive debt, but you can ride the baseless enthusiasim for his dog, I guess.
This post was edited on 2/28 at 7:44 am


cwill
Member since Jan 2005
37654 posts

re: oil stocks...which one would you buy for the long term and why
quote:

PetroQuest (PQ) - solely on the basis of their plans to move into the Austin Chalk formation, Central Louisiana. Stock price is low.


Tight rock, no porosity - they’ll get crushed.


GREENHEAD22
LSU Fan
LafayettebywayofBush
Member since Nov 2009
11992 posts

re: oil stocks...which one would you buy for the long term and why
I decided against it, I missed WLL somehow getting north of 40, which would have put me up about 20% and given me a chance to unload it.


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thegreatboudini
McNeese State Fan
Member since Oct 2008
3915 posts

re: oil stocks...which one would you buy for the long term and why
quote:


Tight rock, no porosity - they’ll get crushed.



Tight cap rock for sure, but I wouldn't say no porosity. Everyone is gearing up to stick the chalk in central LA. Pump 500k of 100 mesh down there to prop those natural fractures open, end it with a linear gel sweep and you'll see all the porosity you need.


cwill
Member since Jan 2005
37654 posts

re: oil stocks...which one would you buy for the long term and why
quote:

Tight cap rock for sure, but I wouldn't say no porosity. Everyone is gearing up to stick the chalk in central LA. Pump 500k of 100 mesh down there to prop those natural fractures open, end it with a linear gel sweep and you'll see all the porosity you need.


You will create fractures with a big frac but if there's not porosity you'll drain those fracs and that's it...big IPs that collapse. Right now everyone is hyped by that big EOG IP in Avoyelles...it's just an IP.


thegreatboudini
McNeese State Fan
Member since Oct 2008
3915 posts

re: oil stocks...which one would you buy for the long term and why
Different ways to skin a cat.

Many chalk wells are tanking in south Texas too after 6-10 months, but when they only cost 1.3m to frac a 7,000’ lateral nobody is really worried. A smaller operator is licking his chops for this 90bbls/day mailbox money next year after it did all the original operators needed it to do.


cwill
Member since Jan 2005
37654 posts

re: oil stocks...which one would you buy for the long term and why
I’m pretty sure based on your two posts that you don’t know what you’re talking about.


b-rab2
LSU Fan
Lafayette
Member since Dec 2005
11542 posts
 Online 

re: oil stocks...which one would you buy for the long term and why
quote:

you'll see all the porosity you need.


you can't make Porosity..


thegreatboudini
McNeese State Fan
Member since Oct 2008
3915 posts

re: oil stocks...which one would you buy for the long term and why
I’m not a reservoir engineer that’s for sure, but I’ve been exposed to the chalk enough to know it’s going to produce in central Louisiana.


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10
thegreatboudini
McNeese State Fan
Member since Oct 2008
3915 posts

re: oil stocks...which one would you buy for the long term and why
I never said you were creating porosity nor that you can create porosity. You’re creating permeability.


b-rab2
LSU Fan
Lafayette
Member since Dec 2005
11542 posts
 Online 

re: oil stocks...which one would you buy for the long term and why
That is correct.. I just hope they dont' go in balls deep like SWN did for the Brown Dense in S. Ark a few years ago. brown dense doesn't have any porosity, there fore no oil/gas.


Iowa Golfer
Iowa Fan
Heaven
Member since Dec 2013
8972 posts

re: oil stocks...which one would you buy for the long term and why
LINK

An interesting read. It uses "I calculated an average using the finbox.io fair value upside and analyst upside to create a blended upside which I then used to rank the most undervalued holdings." Which is about kind of like using Trefis, and is probably just as accurate, or inaccurate.


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barry
Cincinnati Fan
Location, Location, Location
Member since Aug 2006
46202 posts

re: oil stocks...which one would you buy for the long term and why
quote:

oil stocks...which one would you buy for the long term and why


No because I'm exposed to them long-term already though my career. No need to double down. I've thought about removing them completely, even though my index funds.


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40
tigerpawl
LSU Fan
Can't get there from here.
Member since Dec 2003
11822 posts

re: oil stocks...which one would you buy for the long term and why
quote:

PQ has also been drilling some huge CV wells in East Texas lately.

Charles Goodson, CEO; Earnings call (March 5, 2018)

"Another significant accomplishment occurred in the end of 2017 with our entry into the emerging Louisiana, Austin Chalk trends. This reemerging world play now stretches across the entire central section of Louisiana encompassing at least 8 parishes. Several premier large cap operators and a number of very experienced private independents have established substantial leasehold positions. PetroQuest, as an early mover in this trend, was able to secure approximately 25,000 acres in what we believe will ultimately be determined as the core of the highest oil concentrated portion of the trend."

"What highlights the dramatic impact fracking had on the Eagles Ranch well is that the toe is located only approximately 1,200 feet from the heel of the Dominique well, which was completed without a frac by Anadarko in 2010 and cumulated only 14,000 barrels of oil, that’s a 5x uplift in production in just a little over three months. We believe that when fracking is applied to this formation and a Matrix porosity has the opportunity to contribute along with the natural fractures. This completely changes the performance of this formation. This is why we and others are guardedly optimistic about the future development this time around. We are currently in a permitting process of our initial well and expect to commence the location build-out in the next few months. Our current plans called for our initial well to spread in the second quarter of 2018. While very early, we feel the significant activity will occur as a result of the enormous leasing activity across Louisiana should result in a number of new data points relatively soon. All of which will come very experienced companies that points state-of-the-art technology."

Also, interesting Q&A section down the page..... PetroQuest Earnings Call Transcript


TigerDog83
LSU Fan
Member since Oct 2005
6350 posts
 Online 

re: oil stocks...which one would you buy for the long term and why
How can petroquest know what the "core" of the la Austin chalk is when only one well has been drilled (EOG Eagles ranch) to test this new concept on the Louisiana side? Maybe this idea works in a couple of isolated pockets but it's way too early to be claiming they own core acreage in a one well play. The one well looks to be sub economic anyhow. This concept is different than the traditional deep chalk at masters creek, cheneyville, Burr ferry, etc. I for one believe that it won't amount to much for the hype it is receiving currently but we'll see.


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GREENHEAD22
LSU Fan
LafayettebywayofBush
Member since Nov 2009
11992 posts

re: oil stocks...which one would you buy for the long term and why
PQ has been down big the last couple of days, down 10% today.


lsuoilengr
Member since Aug 2008
2181 posts

re: oil stocks...which one would you buy for the long term and why


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