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by dan_s
Fri May 14, 2010 8:48 am
Forum: The View from Houston
Topic: May 14, 2010
Replies: 0
Views: 1909

May 14, 2010

My take is that the recent decline in oil prices is primarily the result of a weaker Euro. Oil is traded in US$ so as it strengthens the price of crude oil goes down. - Dan From the AP wire service: Oil prices fell to near $73 a barrel Friday amid expectations a slower economic recovery in debt-sadd...
by dan_s
Thu May 13, 2010 9:14 pm
Forum: Sweet 16 Portfolio
Topic: Gulfport Acquisition
Replies: 0
Views: 2134

Gulfport Acquisition

Gulfport (GPOR) is one of my favorite Sweet-16 companies. This just adds to the upside. - Dan OKLAHOMA CITY, May 13, 2010 (GLOBE NEWSWIRE) -- Gulfport Energy Corporation (Nasdaq:GPOR - News) today announced pending acquisitions in the Niobrara Shale of northwestern Colorado and the Permian Basin of ...
by dan_s
Thu May 13, 2010 1:30 pm
Forum: Other topics of interest
Topic: U.S. Treasury 2009 Financial Report
Replies: 0
Views: 2390

U.S. Treasury 2009 Financial Report

McCombs Alumni Network News The University of Texas at Austin McCombs School of Business From Michael Granof: Released to Near Silence, the U.S. Treasury 2009 Financial Report Shows Dire Course April 15th, 2010 · Faculty News · Posted by Danielle Wells Michael Granof is the Ernst & Young Disting...
by dan_s
Thu May 13, 2010 12:55 pm
Forum: Other topics of interest
Topic: NG Storage Report - May 7
Replies: 0
Views: 2110

NG Storage Report - May 7

Working gas in storage was 2,089 Bcf as of Friday, May 7, 2010, according to EIA estimates. This represents a net increase of 94 Bcf from the previous week. Stocks were 97 Bcf higher than last year at this time and 325 Bcf above the 5-year average of 1,764 Bcf. With so much gas in storage it is hard...
by dan_s
Thu May 13, 2010 11:20 am
Forum: Sweet 16 Portfolio
Topic: PDS will be converting to a C-Corp
Replies: 0
Views: 2055

PDS will be converting to a C-Corp

This is nothing to be concerned about. It was expected. PDS is a rock solid driller and oilfield service company. - Dan CALGARY, ALBERTA--(Marketwire - 05/12/10) - Precision Drilling Trust ("Precision" or the "Trust") held its annual and special meeting of unitholders (the "...
by dan_s
Thu May 13, 2010 11:17 am
Forum: Sweet 16 Portfolio
Topic: Kodiak Oil and Gas
Replies: 0
Views: 2228

Kodiak Oil and Gas

Full Article: http://seekingalpha.com/article/204904-satisfied-with-kodiak-q1-earnings-not-concerned-by-challenges?source=yahoo Summary: Overall, I am happy with the results of this quarter and the challenges do not concern me nor change my long-term thesis. KOG is still showing impressive growth an...
by dan_s
Wed May 12, 2010 8:10 pm
Forum: The View from Houston
Topic: May 12, 2010
Replies: 0
Views: 2214

May 12, 2010

Today was one of those weird days in the Market where oil trades lower but the energy stocks move higher. In fact, ten of the Sweet-16 were up over 3% today and FXEN, which reported very strong Q1 results, was up almost 8%. My updated forecast for FX Energy is now available under our Sweet 16 tab. T...
by dan_s
Wed May 12, 2010 1:30 pm
Forum: Sweet 16 Portfolio
Topic: PetroBank
Replies: 0
Views: 1976

PetroBank

May 11 (Reuters) - Canada's PetroBakken Energy Ltd (PBN.TO) reported a surge in quarterly earnings that beat analysts' estimates, as average production nearly doubled, boosted by its acquisition of TriStar Oil & Gas Ltd last year. For the first quarter, net income was C$39.1 million ($38.22 mill...
by dan_s
Wed May 12, 2010 12:39 pm
Forum: Picks and tips from the EP community
Topic: MHR and RAME
Replies: 1
Views: 2703

Re: MHR and RAME

rcgord; I cannot comment on MHR as I just don't have the time to keep up with every small-cap. I'm happy you had a nice run. Ram Energy (RAME) is going to make it. I really like the management team. It is heavily weighted to oil and they are controlling costs so the Balance Sheet will be in much bet...
by dan_s
Wed May 12, 2010 12:33 pm
Forum: Sweet 16 Portfolio
Topic: FX Energy (FXEN) delivers solid 1st quarter
Replies: 1
Views: 2962

Re: FX Energy (FXEN) delivers solid 1st quarter

I listened to the FX Energy 1st quarter conference call this morning and I have completed the update to my Net Income and Cash Flow Forecast which Kim will load to the website later today. I've also asked her to load a transcript of their CC. I highly recommend that you look over both documents very...