Energy Prospectus

"Core Holdings" for me are the large-caps with solid Balance Sheets and steady production and reserve growth locked in. They all have a high "Safety Rating". The Sweet-16 Portfolio companies that fit that bill are: Arena Resources (ARD) > Soon to merge with Sandridge (SD) Denbury...

Arena Resources (ARD) crushed my forecast for the first quarter by reporting EPS of $0.46, that is 10 cents above my forecast. ARD is debt free and heavily weighted to oil. SD is getting a good deal on this merger. ARD's "Fair Value" is being raised to $44/share. My detailed forecast model...

I just completed the Denbury forecast. Kim will post it on the Home Page tomorrow. Denbury will close on a $900 Million property sale by the end of May. The cash will pay off most of their bank debt. DNR is HEAVILY WEIGHTED to oil (which I love) and they will have a strong Balance Sheet after the as...

Denbury deserves "Core Holding" status within the Sweet-16. It is always difficult to forecast results for a company while they are still within the transition period of a major merger but DNR looks solid. - Dan 2010 Outlook Denbury’s 2010 development and exploration budget (excluding acqu...

I'm not recommending this one at all since I have not taken a good look at it in over a year. However, they have recently closed a deal on their Eagleford Shale leases (selling most of their deep rights) that allowe the company to pay off all of its bank debt. I consider this a one time event. Bill ...

Below is the summary from the most recent Raymond James “Energy Stat of the Week,” as published 5/10/2010. Despite the subdued atmosphere due to the Gulf of Mexico tragedy, we came away from the single biggest oilfield conference thinking that business is better than a year ago with hopes for a stea...

I just completed updating my Net Income and Cash Flow forecast for GEOI. Kim will load it to the website tomorrow. I'm raising my Fair Value estimate to $21/share. > GeoResources (which will be hosting our luncheon this Friday) continues to deliver steady production growth with the mix turning more ...

Bob: I too thought BEXP was "getting ahead of itself" about six weeks ago but after seeing their 1st quarter results and the projections of steady production growth (almost all oil) I'm back to recommending BEXP. I would rate it a BUY up to $20. BEXP is much different than the other compan...

I've finished the new forecast for TGA and Kim will post it to our Home Page soon. TGA looks VERY STRONG. Per my model, Fair Value is now $8.13/share. IMO TGA does deserve to trade at a higher multiple because it will be drilling some high potential exploration wells later this year. TGA has a stron...

I'm currently updating my TGA forecast. It will be posted to the website tomorrow. The Company made excellent progress during the first quarter of 2010. Production, funds flow from operations and net income all increased significantly over the previous quarter. The West Gharib project area continues...