I will be tied up all day on May 10 with out luncheon.
> Keep an eye on NiMin Energy. I think it could get a boost from our webcast. It has some nice production growth lined up this year.
> I'm expecting very good first quarter results from both CRZO and GTE. More important, both have got strong production growth (primarily oil) coming this year. I will take a hard look at both of them on Wednesday.
CRZO and GTE
CRZO and GTE
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: CRZO and GTE
I just got back from our luncheon. I will take a look at these two tomorrow.
Tudor Pickering on GTE earnings release: "Gran Tierra Q1 quick look (GTE – $7.14 – B) – In-line. Headline sales and opex beat offset by DD&A and G&A miss; however, when adjusting for one-time items everything falls ~in-line with expectations. Production of 14.4mbopd in-line with TPHe. Moqueta-5 well still doesn’t find oil-water contact, extending size of the play with solid ~165ft net pay; next well to spud in Q3 as 550m step out. San-Angel gas prospect comes in wet, reducing NAV by 5c."
I would rate NiMin Energy a "Speculative Strong Buy" after hearing what they had to say today at our luncheon. Their production is over 1,000 bopd now and going up. Likely to top 2,000 bopd within 12-months and 3,000 bopd within two years. Their tertiary project in California has a lot of upside.
Tudor Pickering on GTE earnings release: "Gran Tierra Q1 quick look (GTE – $7.14 – B) – In-line. Headline sales and opex beat offset by DD&A and G&A miss; however, when adjusting for one-time items everything falls ~in-line with expectations. Production of 14.4mbopd in-line with TPHe. Moqueta-5 well still doesn’t find oil-water contact, extending size of the play with solid ~165ft net pay; next well to spud in Q3 as 550m step out. San-Angel gas prospect comes in wet, reducing NAV by 5c."
I would rate NiMin Energy a "Speculative Strong Buy" after hearing what they had to say today at our luncheon. Their production is over 1,000 bopd now and going up. Likely to top 2,000 bopd within 12-months and 3,000 bopd within two years. Their tertiary project in California has a lot of upside.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: CRZO and GTE
An "EPG Flash Report" on GTE will be going out to all Premium Members today.
I'm now getting to CRZO.
I'm now getting to CRZO.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: CRZO and GTE
Imperial Capital research analyst Mike Jones has published a research report on Carrizo Oil & Gas, Inc. titled "Carrizo Oil & Gas, Inc. (CRZO: Outperform) 1Q11: Growth Story Accelerating; Raising Valuation Range to $43-47/Share on the Equity; Taking Profits on the Senior Notes at 7.36% YTW with 7.5 year Duration Risk."
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group