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Denbury Resources Inc. Message Board

  • harehau harehau Feb 27, 2013 11:14 AM Flag

    utica

    GPOR and PDCE both up 8% today, PDCE reported a 2kb/d well, GPOR has 130k acres in the Utica. Seems it should be the play of the year. Plus, Permian, saw a slide, 20k barrels of oil per acre, at $5 per barrel, that's $100k per acre, amazing potential. PXD has 900k acres in the Sprayberry, Wolfcamp. That's 18 Billion barrels of oil, $90 billion of potential. The Permian producers don't have to do much but drill their positions for years. No wonder the Chinese bought into PXD's acreage, and they bought CHK's Miss Lime.

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    • I get bullish when I look at what is happening with energy in this country, and then, I listen to the House finance committee Bernanke hearing. Maxxine Waters, the ranking Dem, can barely read the comments and questions for Ben. Actually, it was 90% political nonsense and one question. Humorous watching Ben smirk and roll his eyes at the "questions". I think Ben is doing the best he can based on his mandate, not sure anyone else could do more at the moment, but it seems it will all implode if we can't stop spending. Our leaders will do nothing until forced to in crisis. When and how big, seems are the key questions.

      • 2 Replies to harehau
      • Maxxine Waters, the ranking Dem is from the 43rd district of California.. of the approx 163,000 votes cast in the 2012 election she recived 70.4 % of the vote. this district is in South Los Angles, california.. don

      • We have disconnected from the spending cut fears. Bernanke recognizes the fact that energy is booming in the US. Seems we run for a while. Not sure why MPO is not getting more attention, looked at the pres this a m, still looks like they are on track to produce 22kboe/d this year, up from 16k now. 76mmboe of reserves, $1.4 ev co, $18 per barrel. Good management, don't need cash for this year's capex, backed by private equity. The CHK sale hurt the Miss L play, but the wells seem to be exceeding the type curves, 70% liquids company wide. Am tempted to buy more. It's a better bet than a GPOR or PDCE, the Utica is still largely unknown, although some of the first wells look impressive, believe RRC had a bust on their first one. On macro, a lot of analysts see lower global oil $90 vs $100+. not sure about that, seems the globe is recovering. At least for now, the Washington budget crisis seems irrelevant in the short term.

 
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