Energy Prospectus

wilmawatts

Slide 23: Just using PDP reserves, the NAV discounted at 10% is $4.33. < A profitable company that is a going concern with over a decade of low-risk high-return drilling inventory should NEVER trade be the NAV of its PDP reserves Buy the company and pay for it with PDP reserves Get everything else f...

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Completions company focused on Permian, lots of growth baked in:

https://www.linkedin.com/feed/update/ur ... 4000470016

Would love to hear them give a luncheon presentation, I think they are headquartered in Houston

wilmawatts

Frank and Bob have made me a lot of money Dan, and I expect they will again with ESTE Asset is still there, in the ground, development pushed out a bit. If you put on the expected higher oil price deck for 2019 and 2020 this delay might even INCREASE the cash flow valuation all else equal, even with...

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Good company. Well position. Frank’s management team is the best

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agreed, good management

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Management here is excellent

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I have followed Dan for years, and have drank the red coolaid. I have followed Robry for years, and have drank the blue coolaid. Now I am totally confused, both generally see the same elephant but now one is bullish on nat gas and the other bearish. So I sit on my hands: Robry.."...Enormous bea...

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good company, good management

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Raymond James has gas at $2.75 for 2018, which is interesting, they are the most bullish firm historically on the energy sector. At least the last few years.

So $3.00 average is a rip roaring bull versus RJ. Wall Street will have to be convinced to get higher prices

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Company says no legal issues they know of.

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Newfield Exploration stock price target raised to $40 vs. $37 at SunTrust

MARKETWATCH 6:36 AM ET 1/2/2018

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Someone posted on another energy board that there is a class action lawsuit that has been filed.

I can't find it, but the board is usually pretty accurate.

Unless there are problems it looks attractive to me

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good company

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Oil prices are outrunning energy equity prices:

https://www.linkedin.com/feed/update/ur ... 9662676992

[energy equity chart and oil price chart over last one year period]

This divergence will resolve itself in the near future I have a feeling.

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I'm in.

Frank L. is a guy I would be on.

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Mark Papa has been saying the same thing. And our good buddy Dan, but he did not go to MIT so does not get the press

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ya Mommma!

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Good company, good results

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I listened to the conference call

You are right, an impressive firm well positioned that is undervalued

wilmawatts

good company

good management

John White is a sharp dude

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These guys are the old Arena Resources management, they are sharp

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Fracking Industry Digs Texas Sand -- Market Talk BY Dow Jones & Company, Inc. — 8:23 AM ET 07/20/2017 8:23 ET - Credit Suisse notes a bifurcation in the world of frac sand as the oil industry in Texas suddenly starts using locally-mined sand for fracking rather than hauling it expensively by tra...

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sweet

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thanks. yeah I expected more of a reaction to a 6,000 boed well. that is off the charts, like hitting it out of the stadium with bases loaded

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how come the stock and those in the stack nearby have not moved on this news? this is a massive well Devon Energy announces record stack well reaching 6,000 BOE per day BY Reuters — 7:00 AM ET 07/11/2017 July 11 (Reuters) - Devon Energy Corp ( DVN Loading... Loading... ) * Devon Energy ( DVN ) annou...

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7:55 AM EDT, 07/13/2017 (MT Newswires) -- Ring Energy(REI) said pre-market Thursday that Q2 net production was 338,000 barrels of oil equivalent (BOEs), up 77% year-over-year. June average net daily production was 4,110 BOEs, up from net daily production of 2,296 BOEs in the same month last year. CE...

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The San Andres formation is what the Permian Basin discovery well, the Santa Rita #1, hit on May 28, 1923 over in the Midland subbasin. They now drill for the Sprayberry/Wolfcamp in that subbasin, but on the shelf it makes sense the San Andres still has oil in place. And with todays technology the I...

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agreed

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Global Energy Roundup: Market Talk Dow Jones Institutional News May 26, 2017 Friday 12:32 AM GMT 1440 ET - OPEC's deal to extend its production cuts will have to prove successful right out of the blocks in reducing bloated inventories, or oil prices could fall sharply, says Dan Steffens, head of the...

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In cases like this, if Gulfport does report 15 horizontal SCOOP wells that produce at rates above their type curve, there are two possible outcomes.
1. The share price reflects the full value, or
2. A large-cap swoops in to take it over.
^^^

Same analysis for Newfield Exploration?

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Natural gas supply and demand might be a lot tighter over the next year than analysts expect according to some. US natural gas supply has declined over the last few years with the lower drilling activity. While the U.S. has massive supplies that can be developed it might take a bit longer to get it ...

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Sand companies continue to rock: Fairmount Santrol(FMSA) , a provider of sand-based proppant solutions, said Wednesday it expects volume for Q2 to improve quarter-on-quarter, citing positive tailwinds for the proppant market, as well as higher demand for coated proppants and increasing demand for co...

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These guys put on a great presentation in Dallas. We will see if they can walk the walk this morning.

Helps that oil is up on the OPEC agreement comments

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I am long here. Pleased with the operational results but not the share price.

But hey, longer term the trend in production and the trend in share price should track each other.

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Newfield Exploration (NFX) had an earnings call last week, they are a direct play on the Oklahoma STACK and SCOOP. The following are takeaways from the call: 1. NFX exceeded production estimates by 6,000 BOE/D in the first quarter, always good to see. And increased their production forecast for the ...

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The Energy Prospectus Group noted that earnings reported by most of the companies they cover were ‘stunningly better’ than a year ago. Their latest energy sector podcast (issued today) is at the following link: https://youtu.be/HYiBk9Xajmc Points can be summarized as follows: For the energy sector “...

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In the Ring Energy (REI) Q1 earnings call this week an analyst noted “the range you’ve given in the rate of return is obviously phenomenal” referring to the company’s San Andres play on the Central Basin Platform in West Texas. Management noted IRR’s of between 70% (worst wells) to over 500% (best w...

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What is your target price Dan? Do you know Roth's target price?

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If you read the REI call transcript be sure you are belted in. The potential will knock you to the floor in a hurry.

Wow

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In the Hi Crush sand proppant earnings call yesterday a few interesting points were made in the commentary and questions: 1. Logistics will be critical to get the sand from the mine to the wellhead in the volumes needed. An average well now in the Permian is using a unit train of sand, and the drill...

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Blowout.

Bodes well for FSMA owners also. FMSA much more volatile than SLCA or HCLP, an attribute you want when you are playing in a hot sector.

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Core Labs Conference Call - 4/20/17 Company (David Demshur CEO) sees four major trends in the industry: 1. Client interest in enhanced oil recovery from tight oil reservoirs. Core initial work indicates possible increased recoveries of 9% to 15% by utilizing gas absorption techniques, gas cycling, a...

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RJ commentary, stick their forecasted prices in Dan's models and the fair price in many cases takes a good jump upward: . . . So far, oil prices have tracked well below our initial expectations and, like last year, have been very lumpy. Specifically, WTI averaged ~$52 in 1Q17 (versus our forecast of...

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Paid around $500 an acre, not sure the burden which will impact the cash paid: Ring Energy(REI) said Monday that it has acquired approximately 33,000 undeveloped acres in Gaines County, Texas, for approximately $16.6 million. The company will fund the transaction using the remaining proceeds from it...

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Dow Jones Institutional News April 13, 2017 Thursday 2:41 AM GMT 16:30 ET - Dan Steffens at Energy Prospectus Group says a convergence of several factors may be setting the stage for oil prices to pierce key resistance at $55/bbl, unleashing a new, higher range for prices. At a luncheon today in Dal...

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Dow Jones Institutional News April 13, 2017 Thursday 2:41 AM GMT 16:30 ET - Dan Steffens at Energy Prospectus Group says a convergence of several factors may be setting the stage for oil prices to pierce key resistance at $55/bbl, unleashing a new, higher range for prices. At a luncheon today in Dal...

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Callon Petroleum started at buy with $21 stock price target at Stifel Nicolaus

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Lonestar Production made a very interesting presentation yesterday to the Energy Prospectus Group in Dallas - lots of good technical details with regard to how the firm is making their Eagle Ford wells some of the top producing and returning wells. Longer laterals, more sand, thru bit logging, fewer...

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Very interesting presentation yesterday.

Impressed at the degree of technology the company uses, and how the performance of their wells exceeds many of the competitors.

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