Billionaires and hedge funds this is a bargain. its the biggest gas company in America . OIL/GAS will be back . just like all the other cycles.
Who are to stupid to go to morningstar and put in the lime stock symbal in the stock quote box. From there go to the bond square. It will show you when Linn bonds are due. Almost all are 2019 and 2020. These shorts have no aguement on debt. Only a fraction are due now and they have access to cash now. Don't believe these turd shorts if they are not smart enough to find the truth. I'm tired of listening to their lies
It's investing for the long run. The company is going through what the whole industry is experiencing. We have had many shorts rub in the losses. This will rally before oil starts back up. Investors and hedge fund managers will sence the bottom. They know the cash flow and understand how much debt the company is retiring. I am glad to see the longs standing up to these stupid shorts.
You will need to change your name again when it triples. The company just came off a great quarter and more will follow. Partnerships, cost and paying down debt.
Just off a 5 days of selling. The chart is still intvked ad you can draw a line across the bottoms pointing up. Time to buy
It's turning and just retested. Many of these oil stocks will shoot 10 to 25% the next couple days. Maybe this is the big run. It definitely is s technical buying time. Let's hope it is for the long term instead of s trading buy for a quick 20%
Kosmos Energy reported adjusted net income of $7.4 million, or $0.02 per share. That was well ahead of the $0.03 per share loss analysts were expecting. Fueling the company's unexpected profit was a combination of strong production growth and solid cost reductions. The stock jumped 11 % with double volume. The stock shares are in safe hands with insiders and institutions owning 96% of the shares out. Stockholders' Equityhas grown each year and the positive quarter was a nice surprise. The 7% shorts had a wakeup call.
Production increased from 1.4 million barrels in the third quarter of last year to 1.9 million barrels of oil during the third quarter of this year. Production would have been even higher if it wasn't for unplanned downtime at the company's Jubilee field, which it co-owns with Anadarko Petroleum APC , and other partners. The field only produced 93,000 barrels of oil per day during the quarter, which is down from the 108,000 barrels per day the field would have otherwise averaged.
That downtime actually affected the company on the cost side, increasing its production expense from $10.46 per barrel in the year-ago quarter to $12.52 per barrel this past quarter. However, Kosmos Energy's general and administrative expenses fell from $41.2 million last quarter to just $26.7 million during the current quarter.
Also worth noting is the progress the company and its partners, including Anadarko Petroleum, made on the TEN project in Ghana. The project is now 75% complete and is on budget and on track to deliver first oil for Kosmos and Anadarko in the third quarter of next year.
: Kosmos Energy overcame a significant obstacle to deliver a solid quarter thanks to its ability to deliver strong production growth while also lowing its costs. Given the persistent weakness in oil prices, it will need to continue delivering on both fronts. The continued progress on its TEN project certainly will help with production growth, while repairs at Jubilee should help improve its production costs.
Houston-based Targa Resources Partners (NYSE: TRGP) and Sanchez Energy Corp. (NYSE: SN) have entered a 50-50 joint venture agreement to construct a cryogenic natural gas processing plant in La Salle County, Texas.
The plant is expected to be operational in early 2017 and will have initial capacity of 200 million cubic feet per day along with 45 miles of high-pressure gathering pipelines that will connect to Sanchez's current gathering systems in the area
EAGLE FORD shale is a treasure. What if we have oil prices back up to the $70 or cost come down to make 50 $ oil as profitable as 100 dollar oil just years ago…. level early in 2016?! In recent decades, developed nations have spent hundreds of billions of government dollars trying, and failing, to invent a cost-effective replacement for petroleum. Yet without taxpayer largesse, American entrepreneurs invented a new method to extract astounding quantities of oil from rock, upending the global hydrocarbon trade in the process. In a world where oil still powers 95 percent of air and ground miles and will remain dominant for decades, this represents a very positive development! Oil prices do rebound quickly, junior oil producers are the stocks that investors are going to want to own shale companies. *** Under 50 oil is a unsustainable price because it destroys too much supply and creates too much extra demand, maintains Mike Breard, an energy sector analyst at Hodges Capital Management. "Producers will stop drilling. People will buy more. The idea that oil is going to stay in the $40 range for three to four years is utter nonsense," says Breard. Opec calls for 80$$ Economy needs higher oil. Since oil and the dollar are inversely correlated, that would put a bid under oil. Stronger dollar = less trade & Business. Highly capitalized names, such as Oasis Petroleum (OAS) had that falling knife look. This would naturally bring nibblers and those that average in. Arabs blew it. Keeping oil high for American know how… We can produce as cheap as the middle East - the advances of American technology. Advanced pad drilling techniques allow frackers to launch five or ten wells in different directions from the same site. New drilling methods, pipelines and water removal. New on/off pumps, drill close for fracking, Chemicals, Smart drill-bits with computer chips can seek out cracks in the rock. New dissolvable plugs promise to save $300,000 a well. "We've driven down drilling costs by 50pc, and we can see another 30pc ahead," said John Hess, head of the Hess Corporation. Horizontal wells and drilling close together. WAR IN THE AIR- The Saudi royal family is leading the Sunni cause against a resurgent Iran, Iranian proxies are running Yemen, Syria, Iraq, and Lebanon," said Jim Woolsey, the former head of the US Central Intelligence Agency. Standard & Poor's lowered its outlook to "negative" in February. "We view Saudi Arabia's economy as undiversified and vulnerable to a steep and sustained decline in oil prices," it said. The Middle East can slash investment spending for a while - as it did in the mid-1980s - but in the end it must face draconian austerity. It cannot afford to prop up Egypt and maintain an exorbitant political patronage machine across the Sunni world. The middle east is Screaming- -• The oil industry is full of Take over target- its just one big cycle only-4 down turns in the last 20 years. All the cycles turned up in time…. ITS a cycle. ******( huge opportunity its a great time to buy ) technical indicators show must buy range!!!!!!!!!! EAGLE FORD shale has the best opportunity for profits in the USA with its reserves … The industry has had 4 down turns in the last 20 years. cheaper oil is good 60 and 70 dollar oil the new 100 dollar oil. Companies are bringing up oil much cheaper.. In the future we could see new legislation towards making oil cheaper. Shale oil and tar sand oil can make companies margins go up. New technologies and techniques are changing oil companies for the better. Companies break evens and coming down. 1) High grade shale assets 2) Shale industry analytics 3) Embracing digital information, data and monitoring 4) Decisions made by sensors and informed leadership 5) Removing crippling laws 6) friendlier international and US laws. 7) Avoid legislative hurdles. 8) Accelerate exploration on federal lands 9) Walking rigs, education, new multiple holes, 10) Better pressure pumps and optimization in timing pressure 11) ON/OFF controls on equipment 12) PADS that make drilling easier , effective ,efficient , faster 13) Optimizing fields and spacing of wells for Horizontal drills and use of pressure pumps and sand, chemicals. 14) Moving water and materials easier to maximize oil in fracking 15) adapting new technologies and industry norms changing 16) Faster drilling and the learning curve developing much faster with data based information studied 17) Sesors , automations, computers, Robotics, seismic software, drones, logistics, mapping, all are being deployed and studied. 18) New water and waist controls and methods for removal with pipelines 19) partnering for pipelines and reducing cost up to 50% Delivering oil with pipe can lower Dakota oil 15% over rail. Exploration and delivery have greatly changed.
buying below book value has been a successful trade . Sector leaders below book have made money most the time. The world is not ending