Sweet 16 Performance Dec 15-19

[LOUPOWERS]

On an equal weighted basis the sweet 16 was up 20.4 % for this week The largest gain came from Sanchez Energy Corp 40.4% The smallest gain of the 16 was Range Resources Corp 5.5% Range is mostly a gas company with large leasehold in the Marcellus and the Utica. Recently flow tested one of the best wells in the Utica for 50 MMcf/d

Does this raise in the sweet 16 mean we have seen the bottom in oil prices or is this just wishful thinking?

Lou Powers

[dan_s]

It seem that Brent has found support at $60/bbl. If Saudi Arabia's goal is to crush the Russian and Iranian economies, a few months at that price should do it.

I do think oil prices will stay depressed until next June at the latest. We may seen an emergency OPEC meeting in Q1. Today's oil price is killing over half of the OPEC nations.

[prince_jake_33]

Dan; Sanchez has a debt of about 2000 million dollars and as you have in the summary for Sanchez an interest charge of about 140 million for 2015. That is a rate of about 7% which all checks out. The debt is about 30 dollars/share The stock price is about 10$/sh
This guy Naimi of Saudi seems to think can drive us out of business. Is he right?

[setliff]

yeah, but they can't get the oil out of the ground--it will be there waiting--Saudi's have to compete with it sooner or later.

merry Christmas to all! even the one on the islands basking.

jim

[par_putt]

Mele Kalikimaka!

[mkarpoff]

Looks like Harold Hamm made the biggest mistake of his career by de-hedging Clr. Between that and his $1bb divorce settlement, he probably wishes he could have been in a coma for all of 2014.