Does anybody know what ENI did with the cash they got when they sold common back in March. It was close to $3B generated and at the time their cash holding went up to $14.5B. They could be the horse if they sign a long term contract to deliver gas to the 6 LNG plants coming online by mid 2017 in that area.
How many active drills does FST have operating now....in the second qtr? 3? And FST is planning to drill 48 (24 net) in the eagleford and 20-25 in Arl-La Cotton Valley? SPUD's should begin to be reported in a few weeks.
Yep....and only 5-6 more months to go and the production will be there. Its already on its way today. SPUD results soon.
Page 6 - $270M in drilling capital.
Page 13 - Eagleford RoR - 40%
Page 24 - Cotton Valley - RoR - 45%
Page 26 - Future prospects/sale - Permian Basin
Undervalued after deleveraging last fall.... NG is headed higher.
Cash inflows should pop $125M based on March 2014 Investor presentation. Thats $1 per share in earnings at current NG prices......pretty sound investment from here going forward. Buying FST now.
The majority should already have sold and left the party.....does UBS still have clients in ANR, ACI, BTU?
Must be having good results at the conference picking up coverage from several investment firms. Best conference KWK has had thus far. Up 15% since Monday afternoon.
And the utilities are sitting there with no NG in inventory, and coal stock piles at 8 yr lows.....nothing to burn.....capacity taken off-line and no way to recovery inventories unless demand comes back and that isn't gonna happen until pricing is profitable.
I have a hard time understanding why the market has given away these shares at less than $6....which is 1/3 book value that has been written down..... I've hardly ever seen free money in the US stock market....but ANR at less than $6 is absolutely free money....