Unilever plc Message Board
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3 Tcf are you kidding? It will cost more than NFX could borrow to develope it, but doesn't nat gas sell for like 12 bucks an mcf in asian markets.
My only fear with this and other oil/gas companies is a massive wave of supply cutting oil/gas prices in half. The whole sector is getting too good at finding oil. -
Basically they have already hit the high end of production guidance. Almost 12million boe. I know gas production will go down all year, but looks like they are set to crush guidance. No one cares about (or shouldn't) GAAP reporting on this company. Is production finally headed north? Yes. Can they grow production with capex some where in the realm of cash flow? Maybe.
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Yep another worthless accounting rule causing wild swings in stock prices. O & G equiv. to M 2 M. You really can only get useful information from some kind of industry specific EBITA or cash flow calculation. Just think, all of these accounting rules were supposed to make F/S more transparent. Ha.
These guys drill a 15 million dollar dry hole and then put it on the books as an intangible asset called industry knowledge or something. There is no way to know what is really going on. You just have to look at the cash flow. -
Nat gas stocks jumping today. Made me think, right when NFX gets it stuff together, nat gas will take off and oil will fall. 2015 LNG exports start and world demand for oil will fall. Becoming oily has killed this company. Maybe should have gotten better and more efficient at drilling for gas and kept total production going up like SWN & COG.
I am sure they have the nat gas drilling locations in G Wash, EF, and Cana to make an effortless transition back to nat gas. Maybe that is why their nat gas production guidance is so wide through 2015.
Didn't they have some Marcellus acreage at one time? What happened to that? Divested and sunk into a hole in Utah?