For a day trade probably right although they said that yesterday now guys have to buy back higher today. For a long term investor there will be many more bounces. Sellers a month ago can get the tax loss and now buy back in. Maybe investors have figured out that WRES is a gas company not a oil company. Look for upside as oil stabilizes and NG goes higher..
Ask Webster in 5 years if he regrets his dollar and change purchases of HERO. He might not answer though cuz he will be sitting on the beach In Belize with his feet in the sand sippin a margarita and watchin the sun set!
Rynd stated at the 12/10/14 Capital One Securities energy conference that buying HERO stock at these prices will be a rewarding move down the line. A buyback wasnt in the cards because he wanted to see what depressed assets might be out there for sale and to keep some cash for potential opportunity to grow the company. .I would expect more insiders and investors to start nibbling on some cheap HERO stock.
I will not hold my breath for our gov to do anything but sit on their hands. Export ban should have been lifted a few years ago and its a no brainer to tarrif imported crude at this point. Alaska's credit rating is being closely watched and possibly downgraded due to the states revenue dependency on O&G. There will be more unexpected cancers evolving as this plays out. The US is like a big poosy dog, when another dog confronts us and gets aggressive, we just lay on our back with our paws in the air. For now, if you're a shale investor, you just take your beating and hope the companies you invested in are savvy enough to survive. For me I betted it all on black!!
will be called and although rigs will be layed down, this price is not sustainable. Too many world economic implications. Shale players will slow capex and cut rigs and the outcome will be a temporary production cut in the states. SA will be forced to cut as they cannot sustain current budget at these levels and other OPEC nations are dangerously underwater. With that said, involuntary production cuts will lessen the supply and the price of crude will rise. Russia, Iran, Nigeria and Venezuala are on the road to economic disaster. We are nearing the end. IMO, Russia and Iran were the main target and Russia is right at the breaking point. The shale players are collateral damage and only temporary. The end of dropping crude is near. Watch what happens after Dec.
Throw a dart at any of the shale drillers and you will find HERO has much company in the hated department! They're not alone.
bondo, these oil plays have ruptured my portfolio's appendix. I'm on an I V and fighting for my life. When oil prices rebound, If my companies have survived, I will be healthier and stronger than before. GL
DJ comes out with a distressed debt list article. Too much big money trying to short or hold down prices.The retail investor always has the disadvantage. Our turn will come.
Dicker said to buy the drop 2 weeks ago now he says its too dangerous. Those talking heads don't know anymore than anyone else.
Cramer has a great interview (12/1/14) with Magnum Hunters CEO Gary Evans says finder cost in the Marcellus & Utica is .50/ mcf. He says Magnum Hunter is profitable at NG at $2-2.25. They will be 90% NG by the end of Dec. Evans says it doesn't matter if your oil or gas you are taking a beating in your stock pps. I think that WRES is in the same boat and that could be a good thing for longs. GL
If you're a long term investor, you should be adding to your integrated co's and speculating on the shale producers. This is the best buy & hold opportunity in many many years. Paper losses are water on a ducks back!! JMO. GLTA
Global energy demand to rise 35 pct by 2040, stabler emissions-ExxonBY Reuters
— 1:00 PM ET 12/09/2014
HOUSTON, Dec 9 (Reuters) - Global energy demand should rise some 35 percent through 2040 as the middle class expands in developing countries and supplies shift to lower-carbon fuels that may allow for lower emissions, Exxon Mobil Corp (XOM
XOM EXXON MOBIL CORP
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AS OF 10:46 AM ET 12/10/14.
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) said on Tuesday in its annual outlook.
Exxon, the world's largest publicly traded oil company, said that without efficiency and technology gains overall energy demand would grow by 140 percent.
Though the global population is expected to rise to about 9 billion in 2040 from around 7 billion currently, energy demand and emissions are already starting to fall in developed countries thanks to greater efficiency, the company said.
That points to slower growth in emissions and an eventual leveling off overall.
"We expect global energy-related CO2 emissions will rise by about 25 percent from 2010 to 2030 and then decline approximately 5 percent to 2040," the company said.
While that 25 percent rise is considered significant, it would be about half the level of emissions growth seen from 1980 to 2010.
Exxon said alternative power sources should grow sharply, with solar capacity forecast to jump more than 20 times from 2010 to 2040, and wind power to expand almost five times. Nuclear is expected to grow about 90 percent, led by India and China.
Natural gas is forecast to supply 135 percent more electricity in 2040 than in 2010, and overtake coal as the largest source of electricity.
Coal's share of delivered electricity is forecast to drop to about 25 percent through 2040 from 40 percent as "most nations turn to cleaner, less carbon-intense fuels to improve air quality and curb greenhouse gas (GHG) emissions," Exxon said.
The massive onshore expansion in North America is also opening up vast amounts of inexpensive ethane from natural gas that is driving down costs for the chemicals and plastics industries.
Natural gas liquids are also expected to make up a growing share of global trade in hydrocarbons, with rising exports from North American to Asia.
Liquids other than conventional crude and condensate will account for about 45 percent of global liquids production, up from less than 25 percent in 2010, Exxon said.
"By 2025, we expect North America to be a significant natural gas exporter; by 2040, North America could even rival Asia Pacific," the company said. (Reporting by Terry Wade; Editing by Anna Driver and Jeffrey Benkoe)
Buyers across the board in the shale plays. Investors are seeing that these names are too oversold. Short squeeze will follow. IMO
rethinkin their strategy across the board. Look what happen in TPLM today. Up 48%. Shorts will be forced to cover in the O&G plays. The risk reward has changed now to the upside. IMO