LLS was near $4 more than WTI today, so yes is the answer and i don't expect that to change. Look at the price of Brent to get a good idea of LLS as its been near the same.
The stock went up 146% last year. All shareholders who held benefited. The managmemt has incentives called stock options that they get based on share performance and energy production. Now in turn management has benefited and righly so. They need to keep up the good work.
This company is creating value so i see no reason to telephone. We are all in this together. The airplane is gone, the apartment is gone. I think they have been responsive to cost pressures and complaints. The boards of directors in all companies are paid yes men. If you dont like it then collect baseball cards or invest in property or buy 40% of the company and elect yourself a few board memebers. If you find a better stock to buy in oil and gas, I would like to hear it.
The townies didnt want the VCUP and i can see why. It erases all the costs for USEG to hold the lease. It then puts the risk on the people of dirty water appering elsewhere, after the mine would be sealed.
Now we are back, to an unlikely in my mind land swap, with the govt or further development of the mine. The mine paperwork is slowly making progress. Once the mine is ready to be further developed the people also may make an offer to buy it.
I am happy with the deal and after thinking more about it; it is no reason for this stock to be down over 30%. Rexx beat estimates for the second quater in a row and with low nat gas prices. Nat gas fundamentals are the best in years and I expect pricing to go higher add to that strong production and this spring is coiled.
in contrast to the MCF call where they said something like the next two buda wells flowing back were very very good- much more optomistic of a call
They were comparing the net daily production from what they had in Q1 to Q2 so they took out the acquisitions effect to show that organic growth was, 6%. They left Geomet in as it closed so late in the quarter it seems. This is not at all odd in my experience. They mention how much Geomet would have contributed for a full quarter so if you want to do the math for modeling purposes you can figure out the production per day and take that out too. So a slight bit of window dressing is done to get to 6%
I think they are under promising for a change, maybe its the new CEO. Q1 they produced 257,200 tons of UAN with 3.5 days of outage for repairs. Now with no repairs planned forcats are for UAN production of 240-260,000. I think they are looking to beat their forcast after missing this quarter. Q2's forcast was for 240,000 and we only got 223,400. I am now thinking of similar pricing as Q1 but hoping for more production.
we had 38 cents with lower pricing in Q1 along with 2 days downtime. Unless there are unforseen downtime issues this should pay 45+ in my mind going forward
shorts - 11% of float now 5.3 m shares was the latest figure. Nat gas prices are week and were weak for q2 and the summer is cool. Last quater pipeline had compresion issues so shorts think they have at least another 3 months in the clear till a good earnings report.
USEG Is not at $40 a share yet so i think they still need to be spreading the story of this company. Maybe there will be nothing in it that personally enlightens you but that is hardly reason to canel another conference.
from july 24 2014
Light Louisiana Sweet for August delivery weakened by $2.86 a barrel to a premium of $1.66 versus European Dated Brent at 2:08 p.m., according to data compiled by Bloomberg. August delivery will stop trading tomorrow. The premium versus U.S. benchmark West Texas Intermediate sank $2.45 to $1.30 a barrel. September LLS was valued at about $3.35 over WTI, according to broker PVM.
The 3-2-1 crack spread on the Gulf Coast, a rough estimate of the profit from turning LLS into gasoline and diesel, fell to $1.17 a barrel yesterday, the lowest since December 2012. It rebounded to $4.74 today.
“We expect further weakness in LLS,” Amrita Sen, the chief oil market analyst for Energy Aspects Ltd. in London, said by phone. “The only way to balance the U.S. system is for crude prices to fall until you incentivize refinery runs again.”
The drop followed a rapid run-up in Gulf Coast prices as refineries two weeks ago processed the most crude since at least 1992. LLS jumped from a $1.49-a-barrel discount to Brent on July 15 to a $4.52 premium yesterday, the highest level since July 22, 2013.
The jump in prices is drawing more crude cargoes to the Gulf Coast, including at least four tankers from West Africa since July 16, according to lists of charters compiled by Bloomberg. Prior to that there hadn’t been a booking reported since July 3.
The latest home run Buda well is the Jessica well drilled by CML Exploration, LLC. This well was spud on March 2, and according to the Texas Railroad Commission produced 29,071 barrels of oil by May 31. The Jessica well is drilled parallel to the western side of the Beeler 7H well and is located halfway between the Beeler 16H well and the Beeler 4H well on the northern side of the Booth-Tortuga lease.
From seeking alpha article, Chesapeake Joining Buda Oil Rush In South Texas
yes, i saw now the jessica well by a private firm was reported today in SA right next to USEG acreage. I still think we went to sale to reg price. I expect this to be knocking on $5 any day now.