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+
WSJ ran a good piece last week I think about the issue with Bakken oil and explosions. Oil is just too light and needs skimming. 20k bopd skimmer costs $250M.
Big issue is the oilers are not paying royalties on the liquids that could be produced by processing them and the royalty holders are suing to get paid whther they are stripped or not.
Really hope the boys at TUSA are lining up the debt to build a few of these skimmers as they are going to become a real profit stream. Wouldn't seem too difficult to line up a couple of 20k bopd flow streams in some of the areas with the lightest stuff.
Once that skimming takes place, the oil is now processed and should qualify for export
forgot. management also needs to add a third service or build it into Caliber but they need to start getting strippers built, and not those kind of strippers. Rail is going to get more expensive and difficult if the stuff keeps blowing up. bakken is so light some can run a truck without distillation. no reason they should not have strippers fueled by nat gas and taking the liquids off before shipping. lot of royalty suits pending on this issue where oilers are not paying royalties for liquids they did not strip off.
who builds the stripping units??
crazy to sell equity when you canplace debt at good rates. Cashflow from Rockport and Caliber help secure favorable rates/terms. Management is what is making this company, lot of good moves, still need to tune up their completion designs and get their EUR's up.
and rolling out some debt at better rates.
Triangle Petroleum subsidiary intends to offer $350 mln in aggregate principal amount of senior notes due 2022 (TPLM) :
•Co announced that Triangle USA Petroleum, the co's wholly-owned E&P subsidiary, intends to offer $350 million in aggregate principal amount of senior notes due 2022 in a private placement to eligible investors, subject to market conditions.
•TUSA intends to use the net proceeds from this offering to pay down and terminate its second lien credit facility, to reimburse Triangle for capital contributions to TUSA in connection with closing the acquisitions of Williston Basin properties previously announced on May 14, 2014, to repay a portion of outstanding debt under TUSA's senior credit facility, and for other general corporate purposes.
Bought my trading shares back when it went sub 11.