Nothing wrong with spreading the risk but the way I took his mesg that he was 'selling' LINE on Tuesday (?) and going to EPD for better profits. My only question is his timing when we just had an SPO and it's only a couple weeks from Ex-date. As long as the markets don't tank, it looks to me an easy $3.00 on the table for a couple weeks holdings. I really don't care he sells or buys LINE, but he put it out there like it was a smart move on his part. It may well be, I just don't see it. Cheers
Interesting 5-year chart.
LINE on the bottom, essentially a 0% return in PPS.
COG was the best performer in the S&P in 2011.
(Yes I know past performance is no guarantee of future results.)
They forecast 45-55% growth in 2012, which, with their low cost structure (no debt, finance all drilling from cash flow), should mitigate low NG prices.
They have partnered with EOG in Eagle Ford to increase production there.
I am not as enamored with Bakken as you are. The infrastructure is lacking (not so in Marcellus) and higher drilling costs ad transportation reduce margins.
Thye (COG) will split their stock this week, and increased their dividend (which isn't a lot, but still there is one, unlike your other examples.)
They have no autocracy as CLR and KMP do.
They have been mentioned in several articles as a buyout candidate.
I like LINE better for now & I missed CLR when we were discussing it back in OCT.
If you want a "bounce-back" then you might look at NFX because it is way down and still a very good co & also a LINE operating partner in the Williston basin with very good results in Bakken.
here are the chart comparisons for the group I listed before.
If you click on each chart you can quickly compare the statistics on each one...
Look, I don't disagree there are likely better oil plays.
COG is a shot-in-the-dark, dropped 15% last week. It may drop more this week. It is 96% gas, which is risky.
I just thought it might be worth a gamble to make a short term bounce back.
Maybe I'll lose a couple bucks, but I think the upside might work. If not I was wrong.
CLR is a good company, I don't think it has a lot of upside left.
Good luck with CLR.
which way will it go from here & why?
like EVEP, do you like it near the top or would you prefer something like NFX near a bottom?
96% gas & hedged at 36% in this market
BUT, more importantly, HH said CLR is trippling every 5 years & growing at 39%.
They are the biggest in the Bakken/Three forks.
There is a commodity advantage for oil & liquids which you know about.
I am still looking to see why you seem to like them.
It must be something that I am still not yet seeing.
Why not: KOG, TPLM, CLR, WLL, NFX, or YPF?
I will take a quick look at all the charts together and look again.
From you....that is very funny.
Well...this does looks pretty good:
Qtrly Earnings Growth (yoy): 630.70%
But, this also looks pretty good:
Qtrly Earnings Growth (yoy): 1,023.80%