he is, on the kog boards. I dumped my refiners and went heavy WLL after their last round of well completion reports and performance results and was already heavy KOG. If this keeps up I just might be able to retire one day. OAS is the most undervalued play right now imho so seriously considering rolling some of these KOG/WLL gains into OAS and picking up a refiner or two now that they have been beaten down so far.
I'm doing just fine thanks. Any more fools want to pull up a chair I'm here to be taken..
apparently the market thinks so. For those not familiar with Whiting I would suggest the SA piece by Michael Fitzpatrick. And then read their last transcript on what their updated completion results are vs offsetting wells.
This is .177 WLL share. If WLL is at $90 we will be getting almost $16 and I don't doubt that WLL will be at that or more by then. They beat last quarter due to improved well performances and they will beat again this quarter for the same reason.
nice to know that somebody gets it. I think free cash flow here from rockpile and caliber will help insulate TPLM from the pressure and allow them to jack up the value before getting absorbed
amazing how few people seem to grasp that simple concept but feel capable of managing their own money
agreed but the price is good fo whtg. anervalued. I suspect 0.17 shares of wll will be worth north of 16 witn 6 months and wll is now a real buyout candidate for a major
you need to get out of this game is that is your opinion. apparently you don't understand the big picture.
if they do I will add more. I am equal weight WLL and KOG right now and they are 2 of my largest holdings. Read sum of parts thread for my opinion.
as a candidate for Statoil or Exxon or Conoco to buy yes. It offers diversity and scale sufficient to help move the needle for a major. WLL DJ basin land is going to be real good.
As a stand alone company I would still have to say yes. WLL is a multiple basin play with scale to demand premiums on services and transportation contracts as well as get good hedging contracts because they can deliver volume to multiple areas. Their new well completions are yielding EUR's better than KOG so I think their willingness to be more creative with their techniques will help book higher reserves for KOG land.
I still have a hard time thinking STA or XOM or CLR won't come along with a better offer but I felt the same way when BEXP sold. Although I think this may not be a bad thing in the long run, this price still burns so I am trying to think what WLL will be worth when they beat on earnings again. Their new well deisgns helped them beat last quarter even with the weather. I am equal weight both right now so it is more of my total than I would like but will hold through next WLL earnings before repositioning.
I have both. Whiting will become a buyout candidate for a major and they have some great DR basin land. Their most recent completion techniques have produced some very good wells.
Hopefully Harold Hamm doesn't like the idea of being #2 in the Bakken or STO steps in with their deep pockets. I like wll but this should be priced @ 16+