Bonanza Creek Energy, Inc. Message Board
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90% held by production
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numbers were already priced in by the major money. selling here is for suckers. long term this is a great value, just have to be patient. rev missed by $1M on most calls or less than 1%. Warm winter accelerated drilling opportunities so they blew capex lid off and that hurt short term earnings. not a short termer, good luck to you if you are.
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With the wells being tested for communication as discussed in the call, KOG is investing some production volumes in applying some serious geology and seismic data to increase the % recoverable across their best plays. It will be short term pain for long term gain and when the science comes through and the total EUR per spacing unit is posted, the company can then be fairly valued. They are keeping completion techniques close to the vest so they are not just repeating what they have been doing which has been delivering 1600 gpm wells like clockwork. It will be interesting around here in September / October when they report on these projects.
12 wells per unit, average EUR of 600k - 700k for 7.2 - 8.4 million barrels of light sweet per spacing unit is my guess. think that might move the needle. question is will they sell before they prove their value? -
fundamentals are strong, value is being built, and just like in the past, one day soon it is going to began a rapid ascent before it settles into the next trading range. jsut look at the 3 year chart and you should see a pattern. good land, good management, ever improving technology and increasing prices for bakken oil all point to good things...
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agree. interested to see how they are progressing advancing nat gas sales volumes instead of flaring. that is all free money that should start flowing soon.
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May 2nd release. May 3 call. thinking about using margin for a swing trade here. 8.20 is not based on fundamentals and I expect the May 2 release to be a good one
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what happens when argentina says that the terms are no longer favorable to the people of argentina. the opportunity is great but the risk is too. socialist gubmnt tend to change their mind when they think they are firmly in control.
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I think that is one of the fun things about the basin. I hear the comment well you guys are old. This has been around for a while. I think we are moving into a whole new phase. I think last few years, I have been trying to save acreage, get everything HPPed. And it’s been a little bit of whirlwind. I think today lot of companies are being able to focus back on the science here and do some things and I think if we are successful with all this work it’s going to change the basin. It will be a whole new game out here, so.
eyes on the prize -
if you want cred you have to be more specific than that. i am probably getting a bj tonight from an old gf with skillz and that is great news but not relevant to kog
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sooner or later the fundamentals always win. nothing in his reasoning that most of us haven't seen coming
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mo money - the pay layers seem to just keep coming
Williston Basin powerhouse Whiting Petroleum plans to test an untapped and highly prospective oil formation within the Bakken petroleum system known as the Lower Bakken Silt.
Sandwiched between the already producing Middle Bakken and Three Forks formations, Whiting says the “Silt” is situated in the central portion of the Williston Basin, and is “primarily present” at the company’s Hidden Bench prospect in North Dakota’s McKenzie County, James Volker, Whiting’s chairman and chief executive officer, said in a recent presentation to analysts.
Whiting said it identified the zone through extensive core sampling, which “demonstrated high oil in place and may significantly increase reserves in this area.”
The company is so confident about transforming the Silt into production that it plans to invest millions of dollars “bracketing” the formation with as many as eight wells above and seven wells below the Silt. The wells, to be drilled on 160-acre spacing, might even improve current production from the Middle Bakken zone, the company said.
Previous ‘Silt” drilling failed
Whiting said it previously attempted to drill into the Lower Bakken Silt but ran into difficulties when the drill bit got stuck in the formation.
“So our approach here is essentially to drill both above it in the Middle Bakken and below it in the Three Forks and essentially frack simultaneously to develop this zone,” Mark Williams, Whiting’s senior vice president of exploration and development, told analysts March 4 at the Raymond James Institutional Investors Conference in Orlando, Florida.
“It represents a tremendous resource for us as we go forward in developing this,” he added.
He told analysts that Whiting’s field strategy is now focused on opportunities for two types of development: finding new zones to exploit, such as the Lower Bakken Silt, and increasing the density of wells on existing production -
#22642 - OASIS PETROLEUM NORTH AMERICA LLC, BIRDHEAD 5200 41-22T, SWSW 22-152N-100W, MCKENZIE CO., 2271 bopd, 2766 bwpd - BAKKEN
#22740 - OASIS PETROLEUM NORTH AMERICA LLC, LARRY 5301 44-12B, SESE 12-153N-101W, MCKENZIE CO., 3863 bopd, 3056 bwpd - BAKKEN
#23249 - BURLINGTON RESOURCES OIL & GAS COMPANY LP, LOVAAS 11-1TFH, LOT4 1-150N-96W, MCKENZIE CO., 2946 bopd, 245 bwpd - BAKKEN
#23374 - HESS CORPORATION, EN-ORTLOFF 156-94-2635H-2, SESE 23-156N-94W, MOUNTRAIL CO., 8683 bopd, 279 bwpd - BAKKEN
#23570 - NEWFIELD PRODUCTION COMPANY, SAND CREEK FEDERAL 153-96-23-14-10H, NWNW 26-153N-96W, MCKENZIE CO., 2602 bopd, 1243 bwpd - BAKKEN/THREE FORKS
Some good wells in there but if that HESS isn't a misprint at 8683 bopd....WOW..thinking it must be another fat finger entry - Reply to
New lows....every 10 min.------somebody will make some $$$ today!
by deepsub5 •Apr 3, 2013 12:36 PMjust spent half of what I gathered when stopped out of NTI last week. this market makes no sense today. whole board down 4 -5 %. If it gets to 8.15, I will deploy the other half. Refiners are looking good at these prices too. Divi on NTI is going to be 25% if these stock prices hold. wow. When everybody else is grabbing umbrellas, grab buckets.
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ooooh oooooooh pick me.....ok
let me see
average???
workover?
shutdown?
or maybe
flare?
they are reporting average sold. not peak pumped. there is always downtime due to workovers as pumps are switched out at different points in depletion curves and other downtime due to fracking close to an existing well. It all brings down average sold. Then you have the flaring of nat gas that is now beginning to get captured since the downstream processing capacity is building up. That is free mopney that will continue to build as they get more of the existing wells hooked up. -
got more drilling days this winter than they expected. that just means those big 12 well oil producing footprints will be pumping sooner. prove up the downspacing and the 3 forks EUR's and watch the proven reserves go parabolic. eyes on the prize.
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What would be useful would be a discussion as to what one would expect the divi to be and why since the results of the divi will impact the price of the stock.
A low divi may create an opportunity to increase or begin a position and a higher than expected divi would result in a price increase which would make now (or the next dip prior to announcement) a good time to buy.
What irritates me is smarta$$ idiots that comment when they have nothing of value to contribute.
What makes me happy is spending time with my kids, catching big mahi mahi on a fly from the bow of a nice yellowfin center console, and putting idiots like you on ignore so I don't have to see your useless drivel. -
it did the same thing betwen 3 and 4 then it shot straight up to 7.5
it then played in the 6 - 7.5 range until one day it went to 10.
now it plays in the 8.5 to 9.7 range and one day soon it is going to rocket to 12
being out when it makes the next big leg up or a buyout gets announced is a risk you take when trading it but to each his own. imho it has been consolidatiing and creating value for the last year and is back to the coiled spring condition where it is ready for the next major step up. who knows when it will occur but I do know I will be holding when it does. -
Bakken starting to get it's due as a premium grade oil and trading at a premium to WTI. Good for drillers, bad for refiners...
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ever see dolphins mate? the males basically herd a female into shallow water and take turns gang raping her..pretty brutal activity to watch
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wet is usually a good thing. generally means you are doing something right