I am more interested in what ENI finds when they drill in the first qtr of 2014. Then the whole seismic, and then an additional two wells....funding it by $50M.....this ENI co is a very good co.
That is correct. Why pay $100M in interest payments annualy when you could report $.60 pps profit by deleveraging. 15 forward PE would be $9 stock.
I'd look at slide #25 on the December presentation and you can see production volumes coming from neighboring properties. On the left hand side in the notes you can also see some very nice selling prices for PUDs in these areas. Thats what Glen meant by "it could be an outright sale" on some pieces of those properties.
good move on your part. You've got profits heading your way on that add....be patient and just go shopping enjoy the holidays and new year....we will have fireworks soon.
more... Horn River Basin 14TCF worth $40 to $80 Billion if 1/2 is proved and NG is $6. West Texas is funded and prolly turn out to be a blockbuster. Equity offerring will remove dedt and turn those dollars into + earnings...
I think we go higher irregardless of the overall market.... way way way way undervalued given the complete energy, environmental areana, and current underlying demand, and 18 year low rig counts in the field, and lng exporting late next year, and epa rules in june, and yadadadadad.
bodava4, I did see on the company website that KWK has scheduled two Investor CC's in February. One is Credit Suise, the othe Morgan Stanley, both before earnings on the 24th.
This report will shed light and indicate underlying demand volumes. Also, keep an eye on the weather dropping down beginning tonight and into the weekend.....way way way undervalued and no price consideration given because somebody is pssssed off because no HRB news. But, the pricing field has just changed and the JV should go for a higher buy in. Long the stock.
And on top of that PRB prices have dropped 3 days in a row by a significant amount....long winter here.