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Warren Resources Inc. Message Board

  • jmstocks75 jmstocks75 Dec 26, 2013 8:57 AM Flag

    according to insider monkey 4 new hudge funds moved in last qtr

    5 upped stake, including renaissance 76% increase now holding 1M plus shares

    Sentiment: Strong Buy

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    • I hope they're of the impatient, activist variety.

    • I upped my stake as well. All I can see is increased revenue. With the 25 CBM wells added and those wells will increase gas flows substantially through the first year of an additional 48 wells being added in 2014. I just took the average production the existing 265 wells yield and prorated the additional wells which is a significant increase. Add to the fact the increase in natgas prices they will get on the 9000mmbtu they put swaps on versus last year and another +9,000mmbtu at growing strip prices =$$$ Half the oil production is swapped at over $100 a barrel and again 1/2 is open to rising strip prices. Management is open about twice trying and missing out on two different +$200 million dollar it's clearly apparent they are out to double the size of the company. With the balance sheet stats, margins, it's crazy for an E&P to be at 1 times book. We'll see what may never get the markets attention....but I had to build a position on it's just a wait and see. It's easy to see why shorts won't touch it with a ten foot pole. JMHO GLTA

1.71+0.050(+3.01%)Dec 26 4:00 PMEST

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