How come when the stocks are going down you beat the heck out of me, but when they are going up there are no posts?
Enjoy the ride, this is just getting started.
Where are you guys?
Where are you guys?
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Where are you guys?
i'm just beating myself up for not buying SM when you first brought it up, but at least I'm enjoying the ride on DVN and CRZO. Who knows how long this will last but today feels good.
Re: Where are you guys?
As I have said in newsletter after newsletter, the small-caps are where the BIG GAINS are going to come from. In all previous oil price cycles, and I have lived through 8 of them, the Wall Street Gang assumes all of the upstream companies are going bankrupt without looking carefully at the number.
A company WILL NOT GO BANKRUPT if it can pay its vendors and interest on its debt. Banks WILL NOT call the debt if the interest is being paid because they do not come out well in Chapter 11.
This is why I focus on Cash Flow From Operations. CASH IS KING.
SM Energy still has a ton more upside. My valuation is $42.65/share and it WTI moves back to $60/bbl (Raymond James' forecast), the valuation will go even higher.
There is A LOT OF MONEY eager to rotate back into the energy sector. It is just getting started.
Now, go look at Triangle Petroleum (TPLM)
A company WILL NOT GO BANKRUPT if it can pay its vendors and interest on its debt. Banks WILL NOT call the debt if the interest is being paid because they do not come out well in Chapter 11.
This is why I focus on Cash Flow From Operations. CASH IS KING.
SM Energy still has a ton more upside. My valuation is $42.65/share and it WTI moves back to $60/bbl (Raymond James' forecast), the valuation will go even higher.
There is A LOT OF MONEY eager to rotate back into the energy sector. It is just getting started.
Now, go look at Triangle Petroleum (TPLM)
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Where are you guys?
This is why TPLM is up big today: https://www.dmr.nd.gov/oilgas/daily/2016/dr030216.pdf
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Where are you guys?
I couldn't get to the tplm connection. Could you please give a thumbnail on what it said? Thx.
Re: Where are you guys?
This was the only part related to TPLM:
OPERATOR TRANSFER:
FROM: TRIANGLE USA PETROLEUM CORPORATION TO:BURNETT ENERGY INC.:
#10734 - LEE 8-32, SWNE 8-151N-101W, MCKENZIE CO.
#12282 - LEE FAMILY 1-8H, NWNE 8-151N-101W, MCKENZIE CO.
OPERATOR TRANSFER:
FROM: TRIANGLE USA PETROLEUM CORPORATION TO:BURNETT ENERGY INC.:
#10734 - LEE 8-32, SWNE 8-151N-101W, MCKENZIE CO.
#12282 - LEE FAMILY 1-8H, NWNE 8-151N-101W, MCKENZIE CO.
Re: Where are you guys?
They sold two wells. Rumor is that they got $20 million.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Where are you guys?
LOL.
Right here, buddy.
BCEI, Sanchez and Concho have all been nice earners over the past week.
I bought in to BCEI when they got smoked last week, easiest money I've ever made - thanks for the original tip and for staying with the cash flow growth credo. The numbers don't lie for those who care to take a closer look.
Over the past month I've doubled down on a lot of the other sweet 16 holdings to lower my dollar cost average compared to original purchases a year ago. They are all turning nicely now.
This is the time for bold moves in the market!
PF
Right here, buddy.
BCEI, Sanchez and Concho have all been nice earners over the past week.
I bought in to BCEI when they got smoked last week, easiest money I've ever made - thanks for the original tip and for staying with the cash flow growth credo. The numbers don't lie for those who care to take a closer look.
Over the past month I've doubled down on a lot of the other sweet 16 holdings to lower my dollar cost average compared to original purchases a year ago. They are all turning nicely now.
This is the time for bold moves in the market!
PF