8.86% held by blackrock
Form SC 13G/A GULFPORT ENERGY CORP Filed by: BlackRock Inc. 02/01 10:44 AM
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http://xml.10kwizard.com/filing_raw.php ... ge=8687937
Filed on: February 1, 2013
GPOR
Re: GPOR
Gulfport Energy Corp. (GPOR) is an oil and gas E & P company with significant lease holdings in the continental U.S., Canada (Alberta oil sands), and Asia (Thailand). GPOR's stock has been going straight up since it bottomed at $15.91 on June 25, 2012. The stock closed at $41.39 on February 1, 2013. That's a 160% gain in about 7.5 months.
The trip upward has been largely spurred by GPOR's fantastic development results in the Utica Shale field. Its first nine wells in the Utica averaged a peak rate of 787 barrels of condensate per day, 10.85 MMcf of natural gas per day and 1,253 barrels of NGLs per day, or 3,849 Boepd per well assuming full ethane recovery. Usually anything over 1,000 Boepd is thought to be a great result. It is easy to see why investors are gaga over GPOR's results. With its latest acquisitions GPOR has 106,000 net acres in this prolific field.
These results are unquestionably the reason GPOR has allocated approximately $349 million (83%) of its approximately $420 million FY2013 CAPEX program to Utica development. Based strongly on Utica development, GPOR expects to grow production from approximately 7,036 Boepd at 2012E to approximately 21,233 Boepd by 2013E.
The trip upward has been largely spurred by GPOR's fantastic development results in the Utica Shale field. Its first nine wells in the Utica averaged a peak rate of 787 barrels of condensate per day, 10.85 MMcf of natural gas per day and 1,253 barrels of NGLs per day, or 3,849 Boepd per well assuming full ethane recovery. Usually anything over 1,000 Boepd is thought to be a great result. It is easy to see why investors are gaga over GPOR's results. With its latest acquisitions GPOR has 106,000 net acres in this prolific field.
These results are unquestionably the reason GPOR has allocated approximately $349 million (83%) of its approximately $420 million FY2013 CAPEX program to Utica development. Based strongly on Utica development, GPOR expects to grow production from approximately 7,036 Boepd at 2012E to approximately 21,233 Boepd by 2013E.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: GPOR
Sweet 16 Growth Portfolio: An updated Net Income & Cash Flow Forecast model for Gulfport Energy Corp. (GPOR) has been posted under the Sweet 16 Tab.
The updated Fair Value Estimate can be found at the bottom of the model.
The updated Fair Value Estimate can be found at the bottom of the model.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
GPOR update
full story here---
http://finance.yahoo.com/news/gulfport- ... 00321.html
Gulfport Energy Provides Operational Update and Schedules Fourth Quarter and Full-Year 2012 Financial and Operational Results Conference Call
Press Release: Gulfport Energy Corporation –
OKLAHOMA CITY, Feb. 6, 2013 (GLOBE NEWSWIRE) -- Gulfport Energy Corporation (GPOR) ("Gulfport") today provides an operational update and schedules fourth quarter and full-year 2012 financial and operational results conference call.
Production
For the fourth quarter of 2012, net production was 540,558 barrels of oil, 366,258 thousand cubic feet ("MCF") of natural gas and 289,728 gallons of natural gas liquids ("NGL"), or 608,499 BOE. Net production for the fourth quarter of 2012 by region was 293,906 BOE at West Cote Blanche Bay, 217,686 BOE at Hackberry, 69,667 BOE in the Utica Shale, 17,100 BOE in the Permian Basin, and an aggregate of 10,140 BOE in the Bakken, Niobrara and other areas. For 2012, Gulfport recorded net production of 2,323,373 barrels of oil, 1,107,744 MCF of natural gas and 2,714,085 gallons of NGL, or 2,572,618 BOE.
Realized price for the fourth quarter of 2012 including transportation costs was $101.89 per barrel of oil, $3.00 per MCF of natural gas and $1.01 per gallon of NGL, for a total equivalent of $92.80 per BOE. Realized price for the full-year 2012 including transportation costs was $104.46 per barrel of oil, $2.91 per MCF of natural gas and $0.98 per gallon of NGL, for a total equivalent of $96.63 per BOE.
http://finance.yahoo.com/news/gulfport- ... 00321.html
Gulfport Energy Provides Operational Update and Schedules Fourth Quarter and Full-Year 2012 Financial and Operational Results Conference Call
Press Release: Gulfport Energy Corporation –
OKLAHOMA CITY, Feb. 6, 2013 (GLOBE NEWSWIRE) -- Gulfport Energy Corporation (GPOR) ("Gulfport") today provides an operational update and schedules fourth quarter and full-year 2012 financial and operational results conference call.
Production
For the fourth quarter of 2012, net production was 540,558 barrels of oil, 366,258 thousand cubic feet ("MCF") of natural gas and 289,728 gallons of natural gas liquids ("NGL"), or 608,499 BOE. Net production for the fourth quarter of 2012 by region was 293,906 BOE at West Cote Blanche Bay, 217,686 BOE at Hackberry, 69,667 BOE in the Utica Shale, 17,100 BOE in the Permian Basin, and an aggregate of 10,140 BOE in the Bakken, Niobrara and other areas. For 2012, Gulfport recorded net production of 2,323,373 barrels of oil, 1,107,744 MCF of natural gas and 2,714,085 gallons of NGL, or 2,572,618 BOE.
Realized price for the fourth quarter of 2012 including transportation costs was $101.89 per barrel of oil, $3.00 per MCF of natural gas and $1.01 per gallon of NGL, for a total equivalent of $92.80 per BOE. Realized price for the full-year 2012 including transportation costs was $104.46 per barrel of oil, $2.91 per MCF of natural gas and $0.98 per gallon of NGL, for a total equivalent of $96.63 per BOE.
Re: GPOR
stole from IV bd--------
Gulfport Energy ‘One of the Best Shorts’ in Energy: Hedgeye
By Arie Shapira
Feb. 6 (Bloomberg) -- Gulfport is “one of the best shorts
in the energy space today,” Hedgeye Risk Mgmt analyst Kevin
Kaiser tells Bloomberg First Word.
* Expects GPOR’s Utica economics, ability to grow cash flow
and ability to fund aggressive development plan organically
to disappoint “high expectations” in 2013, 2014
* Sees GPOR fair value $15-$23-shr (implies downside of up to
65% from yday’s close)
* GPOR has 15 buys, 2 holds; avg PT $51
* NOTE: GPOR indicated lower ($40.46-$41.69 vs yday’s close
$42.27) after ops update; RBC earlier said first Utica EUR,
midstream delays are negative for shrs
Gulfport Energy ‘One of the Best Shorts’ in Energy: Hedgeye
By Arie Shapira
Feb. 6 (Bloomberg) -- Gulfport is “one of the best shorts
in the energy space today,” Hedgeye Risk Mgmt analyst Kevin
Kaiser tells Bloomberg First Word.
* Expects GPOR’s Utica economics, ability to grow cash flow
and ability to fund aggressive development plan organically
to disappoint “high expectations” in 2013, 2014
* Sees GPOR fair value $15-$23-shr (implies downside of up to
65% from yday’s close)
* GPOR has 15 buys, 2 holds; avg PT $51
* NOTE: GPOR indicated lower ($40.46-$41.69 vs yday’s close
$42.27) after ops update; RBC earlier said first Utica EUR,
midstream delays are negative for shrs