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United States Oil ETF Message Board

fp718591 142 posts  |  Last Activity: 5 hours ago Member since: Mar 10, 2012
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  • Reply to

    this fridays 13.50 puts

    by eskimo_pie22 Feb 18, 2015 11:20 AM
    fp718591 fp718591 Feb 18, 2015 11:56 PM Flag

    I would say feb 27 15 calls at 25 cents would be a safe bet

  • Reply to

    question for anyone

    by drozone3111 Feb 18, 2015 4:22 PM
    fp718591 fp718591 Feb 18, 2015 8:37 PM Flag

    (MarketWatch)—It’s said that a picture is worth a thousand words, and this picture of stored drilling rigs says a lot about what’s happening to the oil and natural-gas industry.

    Charles Perry, chief executive officer of energy-consulting firm Perry Management, took a photo of what he said showed about 20 big drilling rigs stored by Helmerich & Payne Inc. HP, -0.31% in a yard near Odessa, Texas.

    Drilling contractors normally “stack” rigs disassembled and laying down to save costs, but there is speculation that these rigs were stored in the standing position because there was not enough yard space to lay them all down, he told MarketWatch.  

    Charles Perry, CEO of energy-consulting firm Perry Management, said Helmerich & Payne has stacked about 20 drilling rigs in a yard near Odessa, Texas.

    That would be a testament to the sheer volume of rigs in the U.S. being put out of commission.

    A spokeswoman for Helmerich & Payne said the company couldn’t confirm how many rigs are currently stored in any of its yards across the country. It also couldn’t comment on how the rigs may be assembled for storage.

    But to be clear, the company is among many that have taken their drilling rigs out of commission as prices for oil CLH5, -2.92% nearly halved and natural-gas prices NGH15, -0.49% lost roughly 30% in the past six months. Rig counts are at a multiyear low.

  • Reply to

    question for anyone

    by drozone3111 Feb 18, 2015 4:22 PM
    fp718591 fp718591 Feb 18, 2015 8:28 PM Flag

    (Bloomberg) -- The biggest, fastest-growing oil producer in the U.S. said it plans to halt output growth this year, delivering a signal that shale companies are beginning to do what it takes to reduce oversupplies.

    EOG Resources Inc., which has boosted its oil production by almost 50 percent annually for the past five years, is slashing spending 40 percent and will drill half the wells it did in 2014. The Houston-based company fell more than 6 percent in after-hours trading as it reported fourth-quarter profit Wednesday that missed expectations.

    The company joins Apache Corp. in its plan to pump about the same volume of oil as last year. The cutbacks are a sign that shale producers can slow down a lot more quickly than forecasters are expecting, said Michael Scialla, a Denver-based analyst at Stifel Nicolaus & Co.

    “EOG is viewed as the premier company in shale development, and if they’re not going to grow, it is a very important signal to the market,” Scialla said in a telephone interview. “The argument that this slowdown is going to take a while to have an impact on supply is completely wrong.”

    The reductions come as agencies such as the U.S. Energy Information Administration forecast that overall domestic production will grow 7.8 percent to 9.3 million barrels of crude a day this year, adding to the glut that’s pushed down prices.

    “The company is not interested in accelerating crude oil production in a low-price environment,” EOG said in a statement.

    The collapse of oil prices by more than half since June has forced major producers and drillers to cut more than $40 billion in spending and fire 50,000 workers. The number of oil drilling rigs working onshore has declined by a third since October.

  • Apache’s performance deteriorated from the year-ago adjusted profit of $1.52 per share amid a plunge in oil prices.

    Revenues of $2,952 million were down 14.3% from the year-ago quarter and were also lower than the Zacks Consensus Estimate of $3,069 million.

    Plans Move to Stay Afloat

    Importantly, Apache has decided to slash its rig count – from an average of 91 (in the third quarter of 2014) all the way down to an estimated 27 by the end of Feb – as it focuses on controlling costs amid plummeting crude realizations. SandRidge Energy Inc. (SD) announced a similar move earlier in the week.

  • Reply to

    rigs

    by shermanmemorial Feb 13, 2015 1:05 PM
    fp718591 fp718591 Feb 13, 2015 3:16 PM Flag

    George, something is wrong with Baker Hughes NG total count, its at 300 right now, but they claim its down 37 rigs from last year. NG rigs dropped by 55 rigs since November, here is the November report on NG rigs at 355,,,,,,,
    Nov 21, 2014 3:56 PM Flag
    .

    Baker Hughes Incorporated has posted Weekly Rig Count reports to its Investor Relations website.
    BHI Rig Count: U.S. +1 to 1929 rigs
    U.S. Rig Count is up 1 rig from last week to 1929, with oil rigs down 4 to 1574, gas rigs up 5 to 355, and miscellaneous rigs unchanged at 0.
    and thanks for posting the rig count

  • Reply to

    I CAN SEED THE HEADLINES NOW

    by billythart Feb 12, 2015 3:55 PM
    fp718591 fp718591 Feb 12, 2015 8:30 PM Flag

    A lot of NG comes from oil wells, the more rigs that drop the less NG, and NG producers need it back up to 3.50 to hedge again, so it will be interesting

  • Reply to

    Polls of Greeks and Germans

    by brendabreeze77 Feb 11, 2015 2:55 PM
    fp718591 fp718591 Feb 11, 2015 5:28 PM Flag

    Russia wants war reparation also, as they announced last week. When counties misuse their finances its easy to say lets sue Germany they have money,,,, Russian Lawmakers Want Germany to Pay Reparations for World War II
    By Peter Spinella
    Feb. 03 2015 20:01
    Denis Abramov / Vedomosti

    While the working group is being set up in the lower house of parliament, the measure is receiving some harsh criticism in the upper house.
    .

    Russia's lower house of parliament is setting up a working group to calculate how much money to demand from Germany for World War II reparations, the Izvestia newspaper reported Tuesday.

    Germany has paid billions of dollars in reparations to Israel since a 1952 agreement on compensation for #$%$ war crimes. But it "has not paid the Soviet Union any reparations," parliament member Mikhail Degtyaryov told the newspaper.

    Degtyaryov, a member of the nationalist LDPR party, believes that Germany should pay 3 or 4 trillion euros to Russia for the "destruction and atrocities" that Germany committed during World War II, the newspaper reported.

    "Germany paid compensation for 6 million victims of the Holocaust, but has ignored the 27 million Soviet people who were killed [during World War II], 16 million of whom were civilians," Degtyaryov was cited as saying.

    While the working group is being set up in the lower house of parliament, the measure is receiving some harsh criticism in the upper house.

  • I know Cramer told people to buy because of all the contracts PLUG has with Companies like Volkswagen which owns BMW but Ballard double today after they got the contract with VW,,,,,, Ballard Power Systems Inc., up $1.02 to $2.71

    The fuel cell maker announced an $80 million deal with Volkswagen for automotive fuel cell technology and engineering services.

  • fp718591 fp718591 Feb 10, 2015 10:20 PM Flag

    U.S taxpayers have a huge amount in the Greece bailout, after 2 haircuts I say NO and Greece pays everyone back, even if Greece exits they still have to pay everyone back,,,,,,, Right now, 17 percent of the IMF funding pool that the $40 billion bailout is being drawn from comes from U.S. taxpayers. If that ratio holds true, that means American taxpayers are paying for $6.8 billion of the Greek bailout. Although the $108 billion extra that Congress approved for the IMF in 2009 hasn’t yet gone into effect, you can bet that once it does Greek bankers will come to the IMF again with their hat in hand. And, if other European Union countries see free money up for grabs they could ask the IMF for bailouts when they get into trouble, too. If we’ve learned anything from the Wall Street bailouts it’s that just one bailout is never enough.,,,,,,,,, remember 6.8 billion plus the U.S did end up filling up the IMF with another 108 billion in 2009

  • Reply to

    Here`s API report, low build across the board

    by fp718591 Feb 10, 2015 8:32 PM
    fp718591 fp718591 Feb 10, 2015 9:17 PM Flag

    refinery strike causes gasoline prices to go higher, check UGA

  • SAN FRANCISCO (MarketWatch) -- The American Petroleum Institute late Tuesday reported that crude supplies rose 1.6 million barrels for the week ended Feb. 6, according to sources. Analysts surveyed by Platts forecast a climb of 3.4 million barrels. Sources said the API reported gasoline stockpiles also rose by 1.6 million barrels, while distillate supplies rose 500,000 barrels. Analysts were looking for gasoline stockpiles to fall by 250,000 barrels and distillate supplies to fall by 1.3 million barrels. Following the data, March crude CLH5, +1.46% was at $51.02 a barrel in electronic trading, up from the $50.02 close on Nymex. The more closely watched Energy Information Administration report is due Wednesday.

  • Reply to

    SD's Oil Hedges

    by longheatwave Feb 9, 2015 4:40 PM
    fp718591 fp718591 Feb 9, 2015 7:33 PM Flag

    John so the 2 or 3 rigs in Texas is going to help them out? That's if they are still running the 2 or 3 wells since the report said they laid off 25 workers in Texas. Also their biggest investment is in the Mississippi lime wells with a huge debt,,,,,, SandRidge has been hit particularly hard in the oil rout because it has a hefty debt load and it drills in the Mississippi Lime.

    Mississippi Lime wells typically do not produce as much oil as other shale formations, and the rock also contains a lot of water, which is costly to haul away.

    In early January, SandRidge Chief Executive James Bennett said the company was already reducing its rig count and capital spending, citing market conditions.

  • Reply to

    SD's Oil Hedges

    by longheatwave Feb 9, 2015 4:40 PM
    fp718591 fp718591 Feb 9, 2015 7:07 PM Flag

    if they hedged all their oil through July 2016 then they wouldn't need to cut their rigs from 28 to only 8 rigs, maybe they only hedge so much or they sold most of their hedge position and kept enough for 8 rigs, that sounds more logical

  • Reply to

    BLUE

    by billythart Feb 9, 2015 4:23 PM
    fp718591 fp718591 Feb 9, 2015 5:54 PM Flag

    Here`s my opinion from what I know. Canada pipes 3.5 million barrels of Sand Tar oil to the Midwest, Sand Tar is to costly to produce as Canada said these fields will be closing down. Next fracking oil will have to spike to keep up with lost imports from Canada. Next we continue to get high weekly inventory reports since imports have been rising every week based on the EIA, any oil under 50 a barrel the U.S will be buying because of the amount of oil we lose from Canada and fracking will pick up at a high pace this spring,,,, An increase in imports also caused the surge in inventories over the past few weeks. Imports declined by 35,000 bpd to 7.38 MMbbls/d this week. Inventories are ~7% higher—compared to the levels last year.,,,,,,, as you can see its the imports causing the glut not fracking, EIA is reporting an average of 663,000 barrels of oil imported a day, EIA is reporting the in Nov, Dec gasoline usage up 7% for each month, and oil should stay low or even drop again until the end of March, when investors buy oil for the summer driving season.

  • fp718591 fp718591 Feb 9, 2015 3:06 PM Flag

    Hello Blue I haven't checked out SD in a couple of years will have to look at them. Also Noble Oil ( NE ) is closing down 3 ocean rigs, they announced that last week and that stock has been jumping up nicely.

  • fp718591 fp718591 Feb 9, 2015 2:00 PM Flag

    NG rigs are coming offline, so far 41 rigs in 3 months and we should see a lot more drop offline, last weeks report,,,,
    by shermanmemorial • Feb 6, 2015 1:08 PM Flag
    .

    Baker Hughes Incorporated has posted Weekly Rig Count reports to its Investor Relations website.

    BHI Rig Count: U.S. -87 to 1456 rigs

    U.S. Rig Count is down 87 rigs from last week to 1456, with oil rigs down 83 to 1140, gas rigs down 5 to 314, and miscellaneous rigs up 1 to 2.
    and here is a Nov report,,,,,,
    by shermanmemorial • Nov 21, 2014 3:56 PM Flag
    .

    Baker Hughes Incorporated has posted Weekly Rig Count reports to its Investor Relations website.
    BHI Rig Count: U.S. +1 to 1929 rigs
    U.S. Rig Count is up 1 rig from last week to 1929, with oil rigs down 4 to 1574, gas rigs up 5 to 355, and miscellaneous rigs unchanged at 0.

  • fp718591 fp718591 Feb 8, 2015 10:29 PM Flag

    Marcellus is wet gas, and they are only getting 1.18 now, it was as low as 58 cents, Marcellus doesn't get Cushing hub prices, I put up that info a week ago or 2 ago.

  • fp718591 fp718591 Feb 8, 2015 10:24 PM Flag

    Billy why do you put up posts then delete them? I am just curious since I have seen you do it many times. Now regarding the information you put up on the cost of NG is correct and incorrect. Yes once a well is installed and producing NG it cost less then2 dollars to make money on that well, but producers need 3.50 on average. When a company bids to lease 100,000 acres for a billion dollars they don't put up rigs on the whole 100,000 acres, they only put wells on 5 to max of 10% of that land. The 100,000 acres is for a 20 year use, so the extra money that is needed is to pay off the debt on all 100,000 acres. That's just NG, look at oil, Saudi Arabia can bankrupt the oil fracking industry if they don't get at least 55 to 60 a barrel because they are also paying on debt of large chunks of leased land they planned for use for 20 years. KWK which is now KWKA is 8 cents a share and owns 11 trillion cubit feet of NG in the Horn River Basin, low prices on shale companies is proof they need more then what you are quoting, to stay afloat, my proof is in shale company stocks and once you see bankruptcies prices will go a lot higher. Even the big companies wont buy out the smaller ones.

  • fp718591 fp718591 Feb 6, 2015 4:54 PM Flag

    From my understanding the refinery strike is almost settled. If you believe the strike will continue then the best buy would be UGA, UGA is gasoline prices but that chart on UGA is topped out

  • fp718591 fp718591 Feb 6, 2015 4:10 PM Flag

    Billy here is the news from Baker Hughes on worldwide rig count for January,, The worldwide count for oil drilling rigs fell by 261 in January, oil services firm Baker Hughes said. The average number of U.S. oil rigs fell by 199 in January. This week, another 83 U.S. oil rigs went offline, Baker Hughes said.

    "People have only started paying attention to the oil rig count in the past week despite the fact they have been falling for weeks," said Gene McGillian, analyst at Tradition Energy in Stamford, Connecticut. "I think the people really benefiting from these market gyrations are the high frequency traders as volumes are really up."
    Also I forgot I bought TVIX yesterday and saw its up, nexts week position I am looking at is gold miners but I want gold to drop another 25 to 40 an oz

USO
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