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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Chesapeake

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Still crushed by massive debt, but you can ride the baseless enthusiasim for his dog, I guess.

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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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.

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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.

I’m pretty sure based on your two posts that you don’t know what you’re talking about.

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you'll see all the porosity you need.

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you can't make Porosity..

I never said you were creating porosity nor that you can create porosity. You’re creating permeability.

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

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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

PQ has been down big the last couple of days, down 10% today.