from seeking alpha---------
Gulfport Energy started with Buy rating at Deutsche Bank • 11:48 AM
Gulfport Energy (GPOR +1.6%) is initiated with a Buy rating and $75 price target at Deutsche Bank, which views GPOR as the most levered to future success of the Utica shale with 2014 an inflection point for peer leading debt-adjusted production and cash flow growth.
While the pace of infrastructure buildout remains key, GPOR looks to have capacity well in hand for the growth opportunity the basin presents, the firm says.
Shares are upgraded to Buy from Accumulate at KLR Group.
GPOR
Re: GPOR
very bearish article on gpor---
complete story here--
http://seekingalpha.com/article/1848211 ... _0_1&ifp=0
Penn West Petroleum And Rosetta Resources Welcome Gulfport Energy Into Their Peer Group
Nov 19 2013, 06:34 |
Disclosure: I am long EQU. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. (More...)
Introduction
After a run-up that lasted 12 months and was primarily fueled by speculation and hype associated with its Utica properties, Gulfport Energy (GPOR) is prohibitively expensive. There is so much air and hype priced currently into Gulfport Energy that it reminds me of Halcon Resources (HK) at $9. Gulfport has been banking on the Utica's oil hype since late 2012. That hype was strengthened by the company's press releases that were touting its 24 hour IP results which are media's darlings.
After all, Gulfport's tremendous price appreciation is highly disconnected from its fundamentals. This is why, when the stock was at $67.5, I noted in my article in early October 2013 that Gulfport was primed for a sell-off. The stock has dropped 16% since then and closed at $56.35 Monday. My bearish article is here.
In late October 2013, when Gulfport's stock was at $61.5, I also noted in another bearish article that Gulfport has already hit a turning point and the bleeding will continue. My article is here.
Both calls above proved to be correct in a very short period of time. I am re-visiting Gulfport now that the Q3 2013 report is out, and remain very bearish on this company for the fundamental reasons analyzed in the next paragraphs. From a technical perspective, Gulfport's stock is currently in limbo and the day is near for another leg down.
complete story here--
http://seekingalpha.com/article/1848211 ... _0_1&ifp=0
Penn West Petroleum And Rosetta Resources Welcome Gulfport Energy Into Their Peer Group
Nov 19 2013, 06:34 |
Disclosure: I am long EQU. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. (More...)
Introduction
After a run-up that lasted 12 months and was primarily fueled by speculation and hype associated with its Utica properties, Gulfport Energy (GPOR) is prohibitively expensive. There is so much air and hype priced currently into Gulfport Energy that it reminds me of Halcon Resources (HK) at $9. Gulfport has been banking on the Utica's oil hype since late 2012. That hype was strengthened by the company's press releases that were touting its 24 hour IP results which are media's darlings.
After all, Gulfport's tremendous price appreciation is highly disconnected from its fundamentals. This is why, when the stock was at $67.5, I noted in my article in early October 2013 that Gulfport was primed for a sell-off. The stock has dropped 16% since then and closed at $56.35 Monday. My bearish article is here.
In late October 2013, when Gulfport's stock was at $61.5, I also noted in another bearish article that Gulfport has already hit a turning point and the bleeding will continue. My article is here.
Both calls above proved to be correct in a very short period of time. I am re-visiting Gulfport now that the Q3 2013 report is out, and remain very bearish on this company for the fundamental reasons analyzed in the next paragraphs. From a technical perspective, Gulfport's stock is currently in limbo and the day is near for another leg down.
Re: GPOR
Gulfport Q3 production was 12,977 boepd. Q4 production should be near 20,000 boepd. Company guidance for 2014 is 50,000 to 60,000 boepd.
"Proof is in the Pudding", but until I see them back off their 2014 guidance GPOR still looks like a BUY to me.
"Proof is in the Pudding", but until I see them back off their 2014 guidance GPOR still looks like a BUY to me.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group