ignore is a wonderful feature. it cleans the boards up so you might actually see something worthwhile on occasion. Wish OAS would use this lull in drilling demand to go after some Red River targets to help bolster the reserves.
If nothing else it will have people examining the real reserves and what the current value of the reserves is. We are deep enough into the EUR curves on the new completion techniques to reevaluate the recoverable reserves soon. Every company with enough history with better completion techniques needs to do this.
shorts crying the blues and topping the message list today. IN ALL CAPS TOO. DESPERATE.
if you like the blues google guitar shorty and listen to his music.
they rolled KOG in to get the premium acreage and to create a big enough fish to make the time and effort associated with buying a E & P a worthwhile proposition to a major. First time they tried to sell they learned that they were not big enough to move the needle for the people with the $$ to buy them. They added KOG to fix that. This marketing isn't by accident nor due to the price of oil. Part of a long term plan to identify and grow an asset and then sell it. If they don't get the price they think it is worth they will not sell.
distilled inventory is going to be low, backing up while refiners strike and others re-plumb their process for different blend...meanwhile truck and SUV sales are through the roof.
no love affair, just a belief in fundamentals and an offset to my refineries and airliners.
Iran is always close to something as long as it is in their best interests to do so. They will never sign something that requires unlimited inspection privileges.
do you really think that Iran is going to reduce their centrifuge numbers and allow unconditional access/inspection of all of their facilities? stay short, nothing could go wrong with that assumption as your underlying premise.
and If Israel lights up Iranian nuke sites or Isil strikes in SA or Congress votes in stricter Iranian sanctions it may go through the roof..ifs and buts... candies and nuts; place your bets....
so many naked shorts is what is causing that, not that many more shares available to be lent out driving the price up. short interest over 12M shares mid February, more than double December.
we are seeing lower completed well costs through service company price reductions and technology applications. We expect our 2015 completed well cost in the Bakken/Three Forks to average $7 million, down from $8.5 million in 2014. We expect our 2015 Redtail Niobrara well cost to be $5.0 million. We continue to work on driving these costs lower while maintaining our EURs.”
$7M well for 900k - 1.2m EUR's
$5M well for 500k EUR's
Whiting has an estimated 7,541 future gross drilling locations in the Bakken/Three Forks formations.
They are secured and the tech required to maximize the return on those locations gets better every day. see below
The Tarpon Federal 24-20-1H was completed in the Bakken formation on Dec 16, flowing 6,234 BOE/d. The Tarpon Federal 24-20-1RTF was completed in the Three Forks formation on Dec 17 flowing 4,818 BOE/d and the Federal 24-20-2RTF was completed in the Three Forks formation on Decr 17 flowing 4,105 BOE/d
those are smoking wells.....
I will be very surprised if OAS doesn't get bought out or merged with WLL before the price of oil recovers to $80 unless it happens really quick. almost 25% of OAS now controlled by Paulson and one other fund. shorts are going to get toasted when the run starts or the sale gets announced
read the operations update section of the press release. those are the numbers that matter to investors. if you're trading it is a whole different set of numbers. so are you trading or are you investing?
now tell me how fast SA is going to burn through cash reserves since they just went and bought an army in Yemen and are about to buy another one for Jordan. wars are expensive
you know what numbers matter...3700 bopd with well costs down $750k....those numbers matter to the investor.
ps..SA just bought themselves an army in Yemen. their cash burn is about to increase.
combine it with OAS and you approach volumes worth building your own pipe to a west coast port. that gets you another $10 per barrel. Paulson could form his own MLP