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Akamai Technologies, Inc. Message Board

halfsure1 65 posts  |  Last Activity: 13 hours ago Member since: Feb 9, 2002
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  • halfsure1 by halfsure1 May 13, 2014 8:15 AM Flag

    Jefferies analyst Subash Chandra reiterated a Buy rating and $22 price target on Penn Virginia (NYSE: PVA) saying while Q1 EPS missed their views, the Upper Eagle Ford test was encouraging.
    Chandra comments, "Adjusted EPS of ($0.12) missed our estimate of ($0.06) on production that was ~9% below forecast due to timing of pad drilling. Despite the miss, the quarter was promising, in our view, as the Upper and Lower Eagle Ford test came on at strong rates, albeit more history is needed to determine if they are separate containers. PVA now has a ~15-year drilling inventory in the Eagle Ford and remains our favorite Small-Cap name."
    For an analyst ratings summary and ratings history on Penn Virginia click here. For more ratings news on Penn Virginia click here.
    Shares of Penn Virginia closed at $16.01 yesterday.

  • halfsure1 by halfsure1 May 14, 2014 8:36 AM Flag

    Penn Virginia weakness a buying opportunity, says Canaccord
    Canaccord would be buyers of Penn Virginia following yesterday's sell-off. The firm said the company has generated solid results while driving down costs and is successfully transitioning to a liquids focused company while retaining its leverage to an improvement in natural gas prices. Shares are Buy rated and price target raised to $20 from $19.

  • halfsure1 by halfsure1 Jun 13, 2014 9:11 AM Flag

    Penn Virginia +3% on Stifel upgrade • 8:54 AM
    Penn Virginia (PVA) +3% premarket after Stifel upgrades shares to Buy from Hold with a $23 target price after a recent pullback.
    Improving oil volume growth in H2 2014 should turn shares around, and the $313M convertible preferred offering completed earlier this week allows for the acceleration of high margin oil volume growth in 2015, making the name even more attractive, Stifel says.
    The firm also likes PVA's 15-year inventory in part of the Eagle Ford oil window, accelerated 2015 drilling activity via the convertible offering's proceeds, and an expected narrowing of free cash flow outspend over the coming years.

  • to $22 from $19
    Rating OUTPERFORM

  • Penn Virginia Corporation Announces First Quarter 2014 Results
    4:05 PM ET, 05/12/2014 - GlobeNewswire
    First Quarter Adjusted EBITDAX of $94 Million on Record Oil Production

    Strong Results From Second Upper Eagle Ford Test Well

    Eagle Ford Net Acreage Increased to Approximately 86,000 Acres

    Drilling Inventory Increased Significantly to Approximately 1,510 Locations

    RADNOR, Pa., May 12, 2014 (GLOBE NEWSWIRE) -- Penn Virginia Corporation (NYSE:PVA) today reported financial results for the three months ended March 31, 2014 and provided updates of its operations and 2014 guidance.

    First Quarter 2014 Results and Highlights

    First quarter 2014 financial results, with applicable comparisons to fourth quarter 2013 results, and highlights were as follows:

    Product revenues from the sale of oil, natural gas liquids (NGLs) and natural gas were $133.2 million, or $70.01 per barrel of oil equivalent (BOE), compared to $117.1 million, or $63.58 per BOE. Oil and NGL revenues were $114.9 million, or 86 percent of product revenues, compared to $105.0 million, or 90 percent of product revenues. Cash margin per BOE, a non-GAAP (generally accepted accounting principles) measure, excluding share-based compensation expenses, was $53.93 per BOE, compared to $48.48 per BOE. Adjusted EBITDAX, a non-GAAP measure, was $93.8 million, compared to $84.4 million. Operating income was $14.9 million, excluding $57.4 million of gain on the sale of assets, compared to operating income of $15.5 million. Net income attributable to common shareholders (which includes our preferred stock dividend) was $17.5 million, or $0.22 per diluted share, compared to a net loss of $4.1 million, or $0.06 per diluted share. Adjusted net loss attributable to common shareholders, a non-GAAP measure which includes our preferred stock dividend but excludes the effects of items that affect comparability to other periods, was $7.9 million, or $0.12 per diluted share, compared to a loss of $6.7 million, or $0.10 per diluted share. In January 2014, we sold our Eagle Ford Shale natural gas gathering assets for a price of $100 million, $96 million net to our working interest. In May 2014, the borrowing base under our revolving credit facility was increased from $425 million to $475 million.
    Recent operational results, with applicable comparisons to fourth quarter 2013 results, and highlights were as follows:

    First quarter production was 21,133 barrels of oil equivalent (BOE) per day (BOEPD), up six percent compared to 20,020 BOEPD. First quarter production from our Eagle Ford Shale operations was 15,152 BOEPD, up 15 percent compared to 13,145 BOEPD. First quarter oil production was a record 11,955 barrels of oil per day (BOPD), an increase of seven percent compared to 11,130 BOPD. In the Eagle Ford Shale, as of March 31, 2014, we had a total of 19 (11.1 net) wells completing or waiting on completion and six (3.4 net) wells being drilled. Currently, we have a total of approximately 125,300 gross (85,900 net) acres in the Eagle Ford Shale. Approximately 6,400 net acres, or eight percent, have been added in the Eagle Ford Shale since our last quarterly report at an average cost of approximately $3,000 per acre. In both the Lower and Upper Eagle Ford Shale, we now estimate that we have approximately 1,510 gross remaining drilling locations, approximately 1,035 of which are in the Lower Eagle Ford Shale and approximately 475 of which are in the Upper Eagle Ford Shale. This inventory increased approximately 34 percent from approximately 1,125 locations reported previously. This inventory does not assume any overlapping inventory from the Upper and Lower Eagle Ford Shale intervals, which may represent as many as 400 additional locations. Approximately 90 locations were reclassified from Lower Eagle Ford Shale to Upper Eagle Ford Shale in the southeastern portion of our acreage in Lavaca County. We recently drilled and completed the Welhausen Upper and Lower Eagle Ford Shale test wells in Lavaca County. The Lower Eagle Ford Shale well tested at 1,536 BOEPD and the Upper Eagle Ford Shale well tested at 2,165 BOEPD.

  • halfsure1 by halfsure1 Jun 2, 2014 8:50 AM Flag

    6:05 am Swift Energy announces New Eagle Ford Well tests; average initial production rate of 21.4 mln cubic feet of gas per day (SFY) : Co announced that it has tested three new Eagle Ford wells in the Fasken area in Webb County, Texas. The Fasken C 17H, 18H and 19H were all recently completed with an average initial production rate of 21.4 mln cubic feet of gas per day ("MMcf/d").

    The Company has also completed two new Eagle Ford wells in the northern part of its McMullen County, Texas acreage position. The PCQ 17H and 18H achieved an average initial production rate of 1,404 barrels of oil equivalent during their test periods.
    "Our last 8 Fasken wells (2 in late 2013 and 6 so far in 2014) have all been high rate wells with average initial production tests in excess of 20 MMcf/d. By early next year, we expect to have our Fasken firm pipeline capacity increase from 75 MMcfpd to 160 MMcfpd. Successful execution of this disciplined plan should place Swift Energy firmly among the top 20 Texas natural gas producers in 2015."

  • halfsure1 by halfsure1 Apr 22, 2014 7:10 AM Flag

    Magnum Hunter Announces Execution of a Definitive Agreement to Sell Remaining Canadian Assets for CAD75 Million

  • halfsure1 by halfsure1 Apr 21, 2014 8:18 AM Flag

    Canaccord Genuity raises pva price from $18 to $19
    BUY RATING :))

  • halfsure1 by halfsure1 Jun 2, 2014 8:37 AM Flag

    Penn Virginia Corporation Announces the Sale of Mississippi Assets for $72.7 Million

    Jun 02, 2014 07:30:00 (ET)

    Penn Virginia Corporation Announces the Sale of Mississippi Assets for $72.7 Million

    RADNOR, Pa., June 2, 2014 (GLOBE NEWSWIRE) -- Penn Virginia Corporation (NYSE:PVA) today announced that it has entered into a definitive agreement to sell its Mississippi assets to an undisclosed buyer for gross cash proceeds of $72.7 million. The sale is expected to close in July 2014 and is subject to customary purchase price adjustments and other customary closing conditions. The effective date of the sale is April 1, 2014.

    The properties to be sold had net production of approximately 11.9 million cubic feet of natural gas equivalent per day during the first quarter of 2014, almost 100 percent of which was natural gas. As a result of the divestiture, our 2014 production will decrease by an estimated 1.9 billion cubic feet of natural gas equivalent (Bcfe). Estimated proved reserves associated with the divested properties, as determined by our third party engineers at year-end 2013, were 85.3 Bcfe, 69 percent of which were proved developed and approximately 100 percent of which were natural gas.

  • halfsure1 by halfsure1 May 7, 2014 7:29 AM Flag

    Baird raises price target to $13 from $11
    rating neutral

  • Reply to

    anyone listen to cc?

    by greenroger22 May 1, 2014 11:18 AM
    halfsure1 halfsure1 May 1, 2014 4:46 PM Flag

    We currently have the ability to store more than 100,000 tons of UAN at distribution facilities near farming communities in key growing areas. We also made good progress during the quarter on our plant’s diesel emission, fluid storage and load-out facilities. Similarly to how UAN is priced at a premium to ammonia, DEF sells at a premium to UAN on the nitrogen content basis.

  • Reply to

    $3

    by rpgjr2000 Apr 16, 2014 9:48 AM
    halfsure1 halfsure1 Apr 16, 2014 10:00 AM Flag

    my guess :)
    this year

    lol

    love your posts dev,ty

  • halfsure1 by halfsure1 Apr 21, 2014 9:47 AM Flag

    Insider Transaction History
    Date Name-Position Transaction Shares Price Range ($) Shares Held Mkt Value
    3/18/14 Matiuk Greg
    Director Purchase 15,000 10.04 – 10.04 56,950 $150.6 K
    3/13/14 Smith Clyde W Jr
    Director Purchase 15,000 9.62 – 9.62 72,271 $144.4 K

  • halfsure1 by halfsure1 Apr 30, 2014 11:53 AM Flag

    Insider Transaction History
    Date Name-Position Transaction Shares Price Range ($) Shares Held Mkt Value
    3/18/14 Matiuk Greg
    Director Purchase 15,000 10.04 – 10.04 56,950 $150.6 K
    3/13/14 Smith Clyde W Jr
    Director Purchase 15,000 9.62 – 9.62 72,271 $144.4 K

  • Reply to

    Holy #$%$

    by mmck1961 May 1, 2014 9:41 AM
    halfsure1 halfsure1 May 1, 2014 9:42 AM Flag

    shorts took over
    looking forward to conf call

  • Potential Transactions

    The Company is currently engaged in negotiations regarding a joint venture arrangement for a portion of our natural gas properties in the Eagle Ford area, principally our natural gas properties in the Fasken area.

    Swift Energy is also negotiating with prospective buyers to sell some or all of our Austin Chalk and Wilcox assets in Central Louisiana and expects to either complete a sale of some or all of these properties or pursue an ongoing development plan of its own.

  • Reply to

    excellent pva earnings :)

    by halfsure1 May 12, 2014 4:09 PM
    halfsure1 halfsure1 May 13, 2014 11:21 AM Flag

    guess I was wrong
    surprised

  • halfsure1 by halfsure1 May 1, 2014 8:38 AM Flag

    CVR Partners Reports 2014 First Quarter Results And Announces Cash Distribution of 38 Cents Per Common Unit
    8:30 AM ET, 05/01/2014 - PR Newswire
    SUGAR LAND, Texas, May 1, 2014 /PRNewswire/ -- CVR Partners, LP (NYSE: UAN), a manufacturer of ammonia and urea ammonium nitrate (UAN) solution fertilizer products, today announced first quarter 2014 net income of $21.5 million, or 29 cents per fully diluted common unit, on net sales of $80.3 million, compared to net income of $35.6 million, or 49 cents per fully diluted common unit, on net sales of $81.4 million for the 2013 first quarter.

    Adjusted EBITDA, a non-GAAP measure, was $29.9 million for the first quarter of 2014, compared to adjusted EBITDA of $43.8 million for the first quarter of 2013.

    "We are pleased with our results for the 2014 first quarter as realized fertilizer prices and plant operations were generally in line with our expectations," said Jack Lipinski, chief executive officer. "Looking at the second quarter, this year's spring planting season is under way in several regions. The USDA expects nearly 92 million acres of corn will be planted, which has helped support higher UAN prices as compared to the lower levels of late fall 2013."

    Operations

    For the first quarter of 2014, average realized plant gate prices for UAN and ammonia were $253 per ton and $479 per ton, respectively, compared to $295 per ton and $663 per ton, respectively, for the same period in 2013.

    CVR Partners produced 91,000 tons of ammonia and purchased approximately 22,900 additional tons of ammonia during the first quarter of 2014, of which 8,900 net tons were available for sale while the rest was upgraded to 257,200 tons of UAN. In the 2013 first quarter, the plant produced 111,400 tons of ammonia, of which 30,700 net tons were available for sale while the remainder was upgraded to 196,200 tons of UAN.

    On-stream factors during the 2014 first quarter were 98.8 percent for the gasifiers, 92.1 percent for the ammonia synthesis loop and 97.0 percent for the UAN conversion facility.

    Distributions

    CVR Partners also announced today a first quarter 2014 distribution of 38 cents per common unit. The distribution, as set by the board of CVR GP, LLC, the general partner of CVR Partners, will be paid on May 19, 2014, to unitholders of record on May 12, 2014.

    CVR Partners, LP is a variable distribution master limited partnership. As a result, its quarterly distributions, if any, will vary from quarter to quarter due to several factors, including, but not limited to, its operating performance; fluctuations in the prices received for its finished products; maintenance capital expenditures; and cash reserves deemed necessary or appropriate by the board of directors of its general partner.

  • halfsure1 halfsure1 May 30, 2014 9:29 AM Flag

    jim

    thanks for good post
    long uan

  • halfsure1 by halfsure1 Apr 29, 2014 8:57 AM Flag

    JP Morgan starts with neutral; price target $21

AKAM
60.69+0.94(+1.57%)Jul 9 4:00 PMEDT

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