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Enbridge Energy Partners, L.P. Message Board

georgia_stock_investor 289 posts  |  Last Activity: Feb 27, 2015 6:04 PM Member since: Apr 15, 2013
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  • Reply to

    6 million shares ah?

    by doubledeallllllll Feb 27, 2015 5:09 PM
    georgia_stock_investor georgia_stock_investor Feb 27, 2015 6:04 PM Flag

    TMX shows 44 million shares traded today. I don't know if that includes all shares from both exchanges. Plus 6 million after hours. Sure smells like a buyout?

    Sentiment: Strong Buy

  • georgia_stock_investor georgia_stock_investor Feb 23, 2015 4:07 PM Flag

    Could be a buyout is coming soon. The crooks always downgrade to collect share before the announcement.

    Sentiment: Strong Buy

  • georgia_stock_investor georgia_stock_investor Feb 23, 2015 2:46 PM Flag

    I would say that is a strong argument to do the opposite of what they say now. They all probably had strong buys in the summer. Wall street is ran by a bunch of crooks anybody stupid enough to post information on their recommendations shouldn't be investing in stocks.

    Sentiment: Strong Buy

  • Reply to

    Rig count released 2-20

    by mrpev Feb 20, 2015 1:41 PM
    georgia_stock_investor georgia_stock_investor Feb 22, 2015 9:25 AM Flag

    In this situation terrible results/forecast is good for future oil prices. EOG comments are the best news I heard recently. The industry is no longer steaming ahead regardless of oil prices. We are setting up for a oil shortage in 2016.

    Sentiment: Strong Buy

  • georgia_stock_investor georgia_stock_investor Feb 22, 2015 9:21 AM Flag

    Your mom should be proud keystone for such a sharp observation. " This quarter will be terrible" You think Penn West dropped to $1.40 on expectations of a good quarter? Of course it will be terrible for the entire industry with a 50% drop in oil and natural gas prices at multiple year lows. But in this environment with companies like EOG saying it will be terrible and slashing capital costs the turn in oil prices is just around the corner. No more than five months oil prices will be back above $65 in my opinion. With the currency translation that will put Penn West close to $80 Canadian and a stock price above $5.

    Sentiment: Strong Buy

  • Reply to

    CVE looking for distressed properties?

    by vietnamvet5 Jan 6, 2015 2:21 PM
    georgia_stock_investor georgia_stock_investor Feb 17, 2015 6:43 PM Flag

    Looks like they are going after something. I thought they said they didn't need funds for the ongoing projects.

    CALGARY, Feb. 17, 2015 /PRNewswire/ - Cenovus Energy Inc. (CVE) (CVE) ("Cenovus") announced today that it has entered into a bought-deal financing agreement to sell 67.5 million common shares ("Common Shares") at a price of $22.25 per share (the "Offering"). The net proceeds of the Offering, combined with the company's $3 billion of undrawn committed credit lines, provide Cenovus with a stronger balance sheet and financial flexibility to pursue its planned capital program.

  • georgia_stock_investor by georgia_stock_investor Feb 17, 2015 6:32 PM Flag

    Going after assets on the market?

    CALGARY, Feb. 17, 2015 /PRNewswire/ - Cenovus Energy Inc. (CVE) (CVE) ("Cenovus") announced today that it has entered into a bought-deal financing agreement to sell 67.5 million common shares ("Common Shares") at a price of $22.25 per share (the "Offering"). The net proceeds of the Offering, combined with the company's $3 billion of undrawn committed credit lines, provide Cenovus with a stronger balance sheet and financial flexibility to pursue its planned capital program.

    Sentiment: Strong Buy

  • Reply to

    No Significant Movement Up Today

    by akhpatel Feb 13, 2015 10:21 AM
    georgia_stock_investor georgia_stock_investor Feb 13, 2015 10:24 AM Flag

    I was watching the trading this morning. Huge number of buy orders went through and the price dropped? The shorts control this stock for now. In my opinion the recent move up in price was mostly their short covering. I believe they hoped to drive it back down but oil prices might not give them that chance. The big price movement will occur on an asset sale or resolution of debt covenant issue.

    Sentiment: Strong Buy

  • georgia_stock_investor by georgia_stock_investor Feb 10, 2015 8:27 AM Flag

    PWE could solve its covenant issues over night and put its debt load in the low range. Shorts are on borrowed time.

    CALGARY, ALBERTA--(Marketwired - Feb. 9, 2015) - Raging River Exploration Inc. ("Raging River" or the "Company") (TSX:RRX) is pleased to report a year over year increase of 49% to proven plus probable reserves to 63.6 mmboe. Proven Developed Producing ("PDP") Finding, Development and Acquisition ("FD&A") costs were $25.18/boe resulting in a recycle ratio 2.5 times demonstrating the quality of the Company's continuously expanding drilling inventory.

    The Company is also pleased to announce a Viking consolidation transaction (the "Acquisition") which will see the Company acquire 600 bbls/d of light oil and 30 net sections of land prospective for Viking light oil for total cash consideration of approximately $35.6 million subject to customary closing adjustments.

    Sentiment: Strong Buy

  • georgia_stock_investor by georgia_stock_investor Feb 7, 2015 8:18 AM Flag

    Says demand is what will drive prices higher this year with 5 new refineries in the world. Specifically mentions Penn West Lightstream, and Twin Butte as aggressive picks. Always been a bear or possibly whitebear on Penn West?

    bnn.ca video/player.aspx?vid=543757

    Sentiment: Strong Buy

  • Reply to

    PWE: time to above 3?

    by mrpev Feb 5, 2015 12:18 PM
    georgia_stock_investor georgia_stock_investor Feb 5, 2015 12:34 PM Flag

    You know that first storage report that shows a significant draw will likely wake up the market to the huge problem down the road of lack of investment in future production. I just hear a clock ticking for the shorts. Maybe get a big jump soon as a panic to get in will start. We are in my opinion seeing mostly short covering.

    Sentiment: Strong Buy

  • Reply to

    Game of the day: oil vs. oil stocks

    by mrpev Feb 4, 2015 4:53 PM
    georgia_stock_investor georgia_stock_investor Feb 4, 2015 9:31 PM Flag

    Agree the smart money is saying 50% cut for oil and MASSIVE disruption in investment for future oil production is a good time to get into oil stocks. I say it is almost certain that those companies that survive will be back to their highs in 2016/17. Although PWE will survive they need to get those covenants worked out so money can flow in and shorts can flow out of the stock!

    Sentiment: Strong Buy

  • georgia_stock_investor georgia_stock_investor Jan 31, 2015 10:11 AM Flag

    These banksters just rating with energy prices. BOA picked the bottom of oil prices to rate PWE. High target of $4 and low of $3.15. If oil prices go back up Io $55 -$60 I guess they will give PWE a high target of $6.

    Sentiment: Strong Buy

  • Reply to

    Rig count released Jan 30

    by mrpev Jan 30, 2015 2:18 PM
    georgia_stock_investor georgia_stock_investor Jan 30, 2015 2:59 PM Flag

    Now if they are smart and don't complete the wells they are drilling we will have a noticeable drop in production within a few months!

    Sentiment: Strong Buy

  • Reply to

    I own 1 10,000th of the company.

    by infinitidrivr Jan 29, 2015 3:27 PM
    georgia_stock_investor georgia_stock_investor Jan 29, 2015 3:52 PM Flag

    I passed you at 25,000 shares but I don't think I will reach that high. I also control about 10,000 in options. I have become super bullish with all the investment cuts announced. I think the oil industry is saying screw this manipulation of oil prices we are going to make you pay us more! Huge drops in production are coming!

    Sentiment: Strong Buy

  • Reply to

    Rigs dropping like flies

    by buyoutmaster Jan 29, 2015 2:02 PM
    georgia_stock_investor georgia_stock_investor Jan 29, 2015 3:43 PM Flag

    Maybe more important than that Harold Hamm says he is not going to complete wells until costs come down and price go back up! I smell a turnaround soon!

    Oil prices will recover as early as the first half of this year as producers cut back, Continental Resources Inc. founder and CEO Harold Hamm said Wednesday.

    Hamm said Continental, the largest leaseholder and producer in the Bakken shale play of North Dakota and Montana, can weather low crude prices “forever” as it idles wells. He expects other drillers to cut spending by 50 to 75 percent, in line with Continental’s announced reductions.

    “A lot of people think, well, if you start drilling, you’ve got about a six-month process before you can slow down,” Hamm said in an interview at the Argus Americas Crude Summit in Houston. “Wrong. Because after all, you drill that well, it takes about a month to drill it, or 25 days. You don’t have to complete it.”

    “What you do, you go into cash conservation mode quickly,” Hamm said. “Basically, you quit spending money.”

    The number of wells awaiting completion in North Dakota rose to 775 in November from 585 in June, according to state data.

    Completion Costs
    Sixty percent of the cost, on average, is from once the rig leaves the location, Hamm said. “Why spend that money today to bring on production that’s going to be sold in a bad market? You don’t need to do that.”

    West Texas Intermediate for March delivery slid 70 cents, or 1.6 percent, to $43.75 a barrel in trading on the New York Mercantile Exchange at 11:02 a.m. New York time. The contract dropped $1.78 to $44.45 on Wednesday, the lowest close s

    Sentiment: Strong Buy

  • Reply to

    gerogia

    by bintwo09 Jan 29, 2015 12:13 AM
    georgia_stock_investor georgia_stock_investor Jan 29, 2015 8:15 AM Flag

    Even the oil majors are starting to slash budgets like Shell. I have seen companies revise capital budgets down again a few weeks apart. The impact of this production drop will be much more significant than what the street has priced in as demand will grow with below $2.00 gas prices particularly in the 2nd and 3rd world nations. So in six months we will have a sharp drop in production just as demand is spiking. Should be a wild trading year in oil.

    Sentiment: Strong Buy

  • Reply to

    gerogia

    by bintwo09 Jan 29, 2015 12:13 AM
    georgia_stock_investor georgia_stock_investor Jan 29, 2015 6:24 AM Flag

    Thanks, I have gone over to the Investor Village board mostly. A lot better discussion on oil and gas on the Berry Petroleum board and the Penn West board and that don't tolerate the parasites that infect the yahoo boards. This stock is not a day trade. If you are long it is for the assets and the management turnaround in operations. The bad news on the oil front is good long term news because investment in future production is drying up which will at some point have an explosive up draft to the price of oil. Roberts said by Halloween you see significant down turn in production in the industry but investors will be trading up oil stock long before that as production starts to drop from these high levels now.

    Sentiment: Strong Buy

  • georgia_stock_investor by georgia_stock_investor Jan 28, 2015 3:33 PM Flag

    Sure energy prices suck for everybody but BXE primarily a profitable gas company even at low oil prices. The more severe the sell off in energy prices the stronger the rebound on the other side. I decided to buy here.

    Sentiment: Strong Buy

  • Reply to

    One last parting thought

    by ohio_whitebear Jan 27, 2015 10:38 AM
    georgia_stock_investor georgia_stock_investor Jan 27, 2015 10:59 AM Flag

    Yes there will be wells to be tied in from past drilling but there was a lot of manipulation in the production numbers of existing wells to show high producing wells. Those wells will be declining faster than expected. Also the new wells are not producing at the rate of the old wells because although the rig count was up significantly in 2014 the production growth was significantly less than 2013. So don't expect a huge amount of new production from those wells be tied in this year. You have not mentioned the shutting in of unprofitable wells. The market will be six months ahead of the drop in production. That is why we are starting to see a rebound.

    Sentiment: Strong Buy

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