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by dan_s
Thu May 27, 2010 7:21 pm
Forum: Other topics of interest
Topic: More debt on the way
Replies: 0
Views: 2038

More debt on the way

In the next few days, the House plans to vote on a new $190 billion spending bill. The bill, called the “American Jobs and Closing Tax Loopholes Act,” will add $134 billion in “emergency” deficit spending to our broke nation’s tab. I know $134 billion doesn’t sound like a lot these days, but it’s al...
by dan_s
Thu May 27, 2010 6:12 pm
Forum: Sweet 16 Portfolio
Topic: S-16 Comeback
Replies: 0
Views: 2141

S-16 Comeback

The Sweet-16 was below zero last week so it has made a nice comeback. The one that amazes me is PetroBank. They had a fantastic 1st quarter and more growth is on the way. TGA continues to lead the pack. I will have a detailed update on each company going out to our Premium Members on June 1st in our...
by dan_s
Thu May 27, 2010 6:04 pm
Forum: Sweet 16 Portfolio
Topic: Arena Resources Update
Replies: 0
Views: 1925

Arena Resources Update

Frankly, I hate to see ARD go through wth this deal. They are a much stronger company than SD. IMO Fair Value for ARD is north of $40/share. I doubt that any of you own ARD now but if you do I would hang tough and take the merger deal. When the smoke clears on this one, SD is going to look much bett...
by dan_s
Thu May 27, 2010 2:43 pm
Forum: Sweet 16 Portfolio
Topic: ATPG + Obama announcement of 5/27/10
Replies: 8
Views: 7954

Re: ATPG + Obama announcement of 5/27/10

There is no word yet from ATPG as to how this may directly affect the Company. IMO the completion of the MC 941 #3 well (which has been drilled to TD, tested and cased) should not be halted since it is simply tying in a well that has already been drilled. The deepening of the MC 941 #2 and #4 may be...
by dan_s
Thu May 27, 2010 1:04 pm
Forum: Sweet 16 Portfolio
Topic: ATPG + Obama announcement of 5/27/10
Replies: 8
Views: 7954

Re: ATPG + Obama announcement of 5/27/10

David; All I have heard is that there is a freeze on new drilling permits and that the government will establish tougher safety standards for offshore drilling. Please let us know if you have additional details. At ATPG's Telemark Hub the Nabors rig is now on the facility and waiting on some equipme...
by dan_s
Thu May 27, 2010 12:21 pm
Forum: Other topics of interest
Topic: Focus on Onshore Oil Plays
Replies: 0
Views: 2066

Focus on Onshore Oil Plays

BP's New Legacy: Everyone Out of the Water! By Nick Hodge | Thursday, May 27th, 2010 Michael Steele's having a bad year. The embattled Republican National Committee Chairman has had to battle opposition to his leadership within his own party, defend his organization's $2,000 tab at a Hollywood strip...
by dan_s
Thu May 27, 2010 11:13 am
Forum: The View from Houston
Topic: BP well may be plugged
Replies: 1
Views: 2302

BP well may be plugged

I just heard from a friend here in Houston that BP engineers may have gotten the well plugged. They want to make sure before anything is reported to the public. Working in 5,000 ft. of water with high pressure wells is VERY DIFFICULT and anything can happen but let's all say a prayer that this works...
by dan_s
Wed May 26, 2010 1:59 pm
Forum: The View from Houston
Topic: May 26, 2010
Replies: 0
Views: 1869

May 26, 2010

Update on our EPG activities for the group: Most of our old Yahoo members are now set up on the new website. www.energyprospectus.com It is open to the public until June 30. My next Newsletter will be going out to all Premium Members (which includes all Founding Members) on June 1. I'm also working ...
by dan_s
Wed May 26, 2010 11:16 am
Forum: Sweet 16 Portfolio
Topic: Brigham Exploration announce record IP rates
Replies: 0
Views: 2205

Brigham Exploration announce record IP rates

This news should also help: KOG, EOG, GEOI, GPOR and AEZ AUSTIN, TX--(Marketwire - 05/26/10) - Brigham Exploration Company (NASDAQ:BEXP - News) announced the completion of the Jack Cvancara 19-18 #1H and the Tjelde 29-32 #1H at early 24 hour peak flow back rates of 5,035 and 3,171 barrels of oil equ...