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Warren Resources, Inc. Message Board

  • bogwa1406 bogwa1406 Dec 31, 2013 3:04 PM Flag

    stephen83333.....I'd look at the IRR's on both the oil and natgas. Also take a look at the hedge positions and prices in

    2013 versus 2014. Keep in mind only 50% is being hedged. Last key item are the CBM wells of which roughly 25 new wells just came into production in this quarter and one has to look at the type curve on CBM wells which is inverse to a typical oil or gas well. CBM wells increase flow dramatically in the first year, and there will be an additional 48 wells added in 2014. So even if there is no increase on oil production ( and there should be an increase ) just on the natgas side they are looking at both good volume increase and realized pricing and they are already posting good profits and showing margins well above most E&P's and attaining an PE at less than half the industry standard. That said the stock is "OFF" the radar and has very little analyst coverage with high institutional positions and virtually no short position. This stock could get recognized...or it may stay hidden in the abyss...I don't recommend stocks...I own WRES...and I'll discuss any stock I own...but I don't recommend buying or selling anything anymore...that's up to each individual to decide. Best wishes and lets hope we both do well with what we do mutually own. JMHO GLTA

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