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SUN CAL ENERGY INC (SCEY.OB) Message Board

  • philpt philpt Feb 12, 2008 3:28 AM Flag

    S & P report

    If someone reads the report, please share the key information.

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    • S&P also gives SunCal a 99 RELATIVE STRENGTH RATING. 99 Is the highest score they give...I guess if a stock goes up over 200% in a short time ~ it gets a 99 RSR.

      S&P SAYS:
      Relative Strength Rank
      Shows, on a scale of 1 to 99, how the stock has
      performed versus all other companies in S&P's universe
      on a rolling 13-week basis.

      AND...MORE STUFF WE ALREADY KNOW.
      Sun Cal also announced, in October, that 7 new
      wells have been added to its Centurion Property
      which has resulted in a 12% increase in cash
      flow. With a 5% Overriding Royalty Interest, the
      Centurion Property combines more than 17,000
      acres of producing oil and gas assets across
      Texas, Oklahoma, Alabama, Louisiana and Mississippi.
      There are 160 producing wells on the asset
      with more than 50 additional proven/undeveloped
      drilling sites.

      The centurion property doesn't get much press ~ but it's making money ~ or will when the royalty checks start coming in.

      If you have a Scottrade or TDAmeritrade account; S&P reports are available for free.

    • renocomfortkeepers@sbcglobal.net renocomfortkeepers Feb 12, 2008 9:37 AM Flag

      Most of the report is old news on SCEY. I did find their outlook on natural gas prices encouraging. Here is an excerpt:
      On the U.S. natural gas front, as of December 26,
      S&P and Global Insight expected Henry Hub bid
      week (a blend of spot and contract) prices to
      average $6.97 per million Btu during the 2007 fourth
      quarter, rising to an average of $7.17 during the 2008
      first quarter, and averaging $6.87 in 2007, $7.71 in
      2008, and $8.72 in 2009. With U.S. natural gas in
      storage for the week ended January 4 at 2.750 Tcf
      (4.6% above the five-year average), and the NOAA
      (National Oceanic Atmospheric Administration), as
      of November 15, projecting winter weather in the
      lower 48 states similar to last year's winter season,
      about 4% warmer than the 30-year average, we
      believe there is sufficient U.S. natural gas in storage
      for this year's winter season.
      We believe there is ample support for a longer-term
      U.S. natural gas pricing assumption of around $8 per
      million Btu. Most producing basins in North America
      are facing declines, and drilling and production
      costs are increasing. As a result, in 2007, natural gas
      drilling activity fell 40% in Canada and slowed to 7%
      (down from 16% in 2006) growth in the U.S.
      Resource plays and other tight gas areas are
      contributing to production, but at generally higher
      costs. With capital and operating costs continuing
      to rise, we believe Henry Hub natural gas prices in
      the $8 range should generate acceptable returns for
      the industry over the next five years.
      Year to date through January 11, the S&P Oil & Gas
      E&P Index declined 0.6%, versus a 4.9% decline for
      the S&P 1500. In 2007, the sub-industry index gained
      42.2%, versus a 3.6% advance for the 1500.
      --Michael Kay
      GICS Sector: Energy
      Sub-Industry: Oil & Gas Exploration &
      Production
      Based on S&P 1500 Indexes
      Month-end Price Performance as of 01/31/08
      ub-Industry Sector S&P 1500
      NOTE: All Sector & Sub-Industry information is based on the
      Global Industry Classification Standard (GICS)
      Factual Stock Report | Feb 9, 2008 | BB Symbol: SCEY
      Sun Cal Energy Inc
      Sub-Industry : Oil & Gas Exploration & Production

    • renocomfortkeepers@sbcglobal.net renocomfortkeepers Feb 12, 2008 9:33 AM Flag

      I hae read the report twice and can find no new info on SCEY. Most of the report is as of 10-31-07 anyway. I did find their optimistic view on natural gas prices encouraging. Here is the excerpt:

      On the U.S. natural gas front, as of December 26,
      S&P and Global Insight expected Henry Hub bid
      week (a blend of spot and contract) prices to
      average $6.97 per million Btu during the 2007 fourth
      quarter, rising to an average of $7.17 during the 2008
      first quarter, and averaging $6.87 in 2007, $7.71 in
      2008, and $8.72 in 2009. With U.S. natural gas in
      storage for the week ended January 4 at 2.750 Tcf
      (4.6% above the five-year average), and the NOAA
      (National Oceanic Atmospheric Administration), as
      of November 15, projecting winter weather in the
      lower 48 states similar to last year's winter season,
      about 4% warmer than the 30-year average, we
      believe there is sufficient U.S. natural gas in storage
      for this year's winter season.
      We believe there is ample support for a longer-term
      U.S. natural gas pricing assumption of around $8 per
      million Btu. Most producing basins in North America
      are facing declines, and drilling and production
      costs are increasing. As a result, in 2007, natural gas
      drilling activity fell 40% in Canada and slowed to 7%
      (down from 16% in 2006) growth in the U.S.
      Resource plays and other tight gas areas are
      contributing to production, but at generally higher
      costs. With capital and operating costs continuing
      to rise, we believe Henry Hub natural gas prices in
      the $8 range should generate acceptable returns for
      the industry over the next five years.
      Year to date through January 11, the S&P Oil & Gas
      E&P Index declined 0.6%, versus a 4.9% decline for
      the S&P 1500. In 2007, the sub-industry index gained
      42.2%, versus a 3.6% advance for the 1500.
      --Michael Kay
      GICS Sector: Energy
      Sub-Industry: Oil & Gas Exploration &
      Production
      Based on S&P 1500 Indexes
      Month-end Price Performance as of 01/31/08

      Sub-Industry Sector S&P 1500
      NOTE: All Sector & Sub-Industry information is based on the
      Global Industry Classification Standard (GICS)
      Factual Stock Report | Feb 9, 2008 | BB Symbol: SCEY
      Sun Cal Energy Inc
      Sub-Industry : Oil & Gas Exploration & Production