Greg you need to call Bob Stoops and explain your idea. He's such a winner I'm sure Mrs Mayer would drop what she's doing and listen to him. After all he makes $6MM per annum for being an ordinary football coach.
Its your money and you're entitled to spend it as you see fit, but I wouldn't invest a plugged nickel in SFY. I sold my energy last year and plunged into high tech and made a bundle, on my own advice. Try SWERKS for example. Better that any oil company dead or alive.
AD were you around in the mid-80's when a bunch of really good small oil companies were picked off by their bigger competitors because of lower product prices that lasted through 2007? I was. The oil and gas industry tends to repeat the same cycle - big discovery, drill it too fast, drive costs up and revenue down and then its survival of the fittest. That cycle goes back to Spindletop and I see no indication that shale is different. No one is forecasting the end of shale - it was simply drilled too fast and now the industry if paying for its haste.
Swift is rapidly becoming an excellent $4 stock. I don't see it going much higher because of weak management and declining production which is the perfect formula for a permanently lower stock price. Some other company will pick Swift off at a sweetheart price in the next year or so when it becomes evident that lower product prices are the wave of the future.
I believe the difference between this and other bankruptcies is that Mr. Ross paid money for a company that sells two products. As of today, those products are selling on the open market for 50% less that when he bought the stock. I'm not quite sure how he can make up the difference other than by waiting it out which may be ten to twenty years. Seeing as how he's 75, I'm not sure how long he is willing to wait. BTW he has lost a bunch of money in other investments in 2014. I read somewhere that 2014 performance was something like minus 30% which is the worst performance of all hedge funds.
Would someone please tell Neil that the Portugal contract will be fulfilled from Cheniere's Corpus Christi facility which hasn't even broken ground yet. They are still waiting on securing adequate financing and final regulatory approvals. Also, please tell Neill that there's an awful lot of natural gas between Shreveport (Haynesville) and Corpus Christi. I doubt seriously if any Haynesville gas will be delivered to the plant if it's built.
The sun is always shining in some places and the wind blows for a certain number hours of the day just like clockwork, but I agree you need natural gas first as a transition fuel and then as a backup fuel for solar and wind. I'm not sure what need oil will supply.
PBS was simply reporting the news. The loss of 500,000 jobs is predicted by the Manhattan Institute a New York based conservative think tank. You forgot to say that Liberals believe that 900,000 jobs will be added with a $10.10 minimum wage. So you pays your money and takes your choice. I believe jobs will be added, you believe they will be eliminated. Only way to find out is increase the MW and see what happens. But the 500,000 number has no more basis in fact than the 900,000 number.
Actually, the companies who were going to build the LNG plants should thank their lucky stars that the DOE drug its feet on approving LNG plants. If they would have started approving them right away, a bunch of companies would be stuck with unbelievable amounts of stranded costs in a low price scenario. But you're probably right about oil exports.
The standard Haynesvill lease was 25% to royalty owner and 75% to producer. They would dearly like to have a lot of those back. Producers were paying upward of $25,000/acre for prime Haynesville leases. SE Kansas was not quite that hot.
Bob, if you think Exco has land worth $2B, you should immediately sell your stock and invest the proceeds in the stock of a company whose business you understand. Exco does not own any land, they have leased the right for a certain number of years to drill for oil and gas underneath the land. If they find oil and gas they have the right to produce and sell it. In Haynesville the landowner usually gets 25% of the proceeds without having to pay any costs while Exco gets 75% and pays all the drilling and production costs. If Exco has not drilled a well within the time specified in the lease, the lease expires and Exco has no further rights to drill unless the mineral owner agrees to lease the rights to Exco again.
I sold out in the low $30's when Schiller started paying himself 100% bonuses. That is always a sign of hubris (I'm the smartest guy on the block) I wonder if he's given any of the bonus money back to the company. ha ha GLTA.
Sentiment: Strong Sell
Well hell Freddy, elsee I thought you were talking about horizontal wells which are apples to vertical wells oranges. I was drilling wells in those counties in 1968 but they don't tell me squat about horizontal wells. Full disclosure - I made a bundle on some Eagle Ford horizontal players, lost a bit of it on OAS and now am totally out of oil except for CVX and HAL. I came to the conclusion in 2009 that anything I knew about the oil industry prior to 2009 doesn't mean much because of the horizontal wells. I fraced my first well in 1963 in western Oklahoma.
If you can't find the hedging info consider buying other stocks. The information is in so many different places (SEC reports, earnings releases, forecasts, etc.) its impossible to miss.
How could you have worked "long years" at Eagle Ford? Its only 4 years old. And, Eagle Ford is not a place - its a huge reservoir, hundreds of miles long, of oil , gas, and oil and gas depending on your location. And, why would an investor buy "tons" of company stock if he was only "kind of familiar with the management". Either you're an amateur investor or fudging the truth a smidge. GLTA.