Energy Prospectus

Announced a div. Very nice surprise.

Excellent question. Excellent, helpful reply. Thx to you both.

Yep, according to SA Credit Suisse sold, on behalf of a client, 6.5mm shares pre-mkt this morning.

Any idea why cpe is taking a bath today?

Any idea why cpe is taking a bath today?

I wonder about LPI's buyback announcement. They have so few shares outstanding that the buyback can only increase volatility. Secondly, they are buying high. I think giving a divvy would have been a better move, IMHO.

Another great View. Thx.

I don't know if anyone noticed, but the frac sand companies are up 100% in recent months. What prompted me to look is an article I just finished in National Review, which just arrived. You should all get a copy and read it. Among other interesting facts it mentioned that frac sand is now over $70/to...

I received an email from Morningstar this morning re The Most Overvalued Energy Stocks. Among them were AR, 32% overvalued, DVN, 31%. CLR, 29%, and OKE, 21%. There were a number of others as well.
Of course, the author also expects lower oil prices due to Venezuela, Iran, UAE expanding production.

I am keeping an eye on BP. Today's small drop does not fully represent the hit it is going to take when it divests itself of the large position it holds in Rosneft. An opportunity may open up to buy an otherwise strong company. Conversely, if somehow Putin finds a face-saving way to extricate himsel...