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Akamai Technologies, Inc. Message Board

halfsure1 82 posts  |  Last Activity: Jun 29, 2015 11:07 AM Member since: Feb 9, 2002
  • halfsure1 by halfsure1 Jun 29, 2015 11:07 AM Flag

    could not resist

  • Reply to

    PVA Wall street article

    by halfsure1 Jun 29, 2015 8:05 AM
    halfsure1 halfsure1 Jun 29, 2015 8:18 AM Flag

    thanks

  • please post

  • halfsure1 by halfsure1 Jun 26, 2015 5:35 PM Flag

    Reports have surfaced that apart from BP, rivals such as Exxon Mobil Corp. XOM and Chevron Corp. CVX might also be interested in bidding for Penn Virginia.

  • halfsure1 by halfsure1 Jun 25, 2015 4:24 PM Flag

    Heard in the City - BP bids for US oil explorer Penn Virginia
    Share
    16:11 25 Jun 2015
    BP is said to have offered $8 a share for Penn Virginia Corp.

    The Eagle Ford Shale is one of the biggest onshore unconventional finds in the US.
    Oil giant BP (LON:BP.) has made a bid to buy US oil explorer and producer Penn Virginia Corp (NYSE:PVA), it emerged on Thursday.

    BP has offered US$8 a share for Penn Virginia, which drills for oil in Texas and elsewhere in the US, and has a market capitalisation of about US$319.2mln, according to people familiar with the matter.

    Penn is understood to have rejected the offer because it believes the terms offered undervalue the company, and is holding out for at least US$10 a share.

    It is believed rivals to BP such as Exxon Mobil Corp and Chevron may also be interested in buying the company.

    Penn’s share price has fallen to about US$4.50 a share from just below US$17 a share in June last year as oil prices have plummeted.

    In 2010, Penn decided to shift its investment and production focus from natural gas towards higher margin oil.

    It sold natural gas assets in south Texas in January 2014 and further assets in Mississippi in July last year to focus on the Eagle Ford Shale in south Texas.

    The Eagle Ford Shale is one of the biggest onshore unconventional finds in the US, but billionaire Penn shareholder George Soros, who is thought to own about 8% of the group, has reportedly urged it to find a buyer or a partner that could exploit its reserves more efficiently.

    Penn is understood to have appointed Bank of America Corp to help it in its search for potential buyers.

    An oil analyst in London speaking on condition of anonymity pointed out that BP has been rationalising its business in the US following the Gulf of Mexico rig blowout in 2010, but the analyst said: “It’s a good time to buy cheap assets for majors trying to replace reserves and production.”

    The analyst added: “Consolidation in the US has to happen and there are players with deep pockets who would take out some smaller US independent explorers and producers who may not be able to fund their production themselves.”

    A spokesman for BP said: “We would not normally comment on market rumour and speculation.”

    Penn increased production in the Eagle Ford Shale by 23% to 21,390 barrels of oil equivalent per day (boepd) in the first quarter of 2015 against 17,459 boepd in the three months to the end of December last year. In October last year, it owned about 104,300 net acres in the Eagle Ford Shale and said it planned to further increase its acreage position near its existing holdings. It said its lease position gave it more than 1,600 drilling locations or the equivalent of about 12 years of drilling sites.

  • halfsure1 by halfsure1 Jun 25, 2015 8:56 AM Flag

    green pva today

  • halfsure1 by halfsure1 Jun 23, 2015 11:30 AM Flag

    Nice to see pva green today

  • halfsure1 by halfsure1 Jun 16, 2015 10:22 AM Flag

    hoping pva has reach bottom

  • Reply to

    Thanks

    by ebruzek Jun 15, 2015 12:20 PM
    halfsure1 halfsure1 Jun 15, 2015 2:30 PM Flag

    does rain help uan business?

  • Reply to

    WTI 61 handle, plus investor conference

    by nedwin513 Jun 2, 2015 11:08 AM
    halfsure1 halfsure1 Jun 2, 2015 4:25 PM Flag

    maybe sfy
    wish eog

  • Reply to

    UAN Prcing

    by jdm1234567892002 Jun 1, 2015 1:12 PM
    halfsure1 halfsure1 Jun 1, 2015 2:17 PM Flag

    thanks

  • Opec under siege as Isil threatens world's oil lifeline
    As the bloc’s 12 oil ministers meet in Vienna, the march of Isil jihadists in the Middle East is putting Iran and Saudi Arabia on a collision course with explosive consequences

  • Reply to

    maybe some PVA news

    by halfsure1 May 22, 2015 8:13 AM
    halfsure1 halfsure1 May 29, 2015 1:05 PM Flag

    DJ S&P: Penn Virginia Outlook Is Stable

    May 28, 2015 16:19:00 (ET)



    The following is a press release from Standard & Poor's:

    -- Standard & Poor's Ratings Services completed a review of Penn Virginia
    Corp. and expects the company's financial and profitability measures to
    decline.
    -- We are lowering the corporate credit rating on Penn Virginia Corp. to
    'B' from 'B+'.
    -- We are lowering the senior unsecured ratings to 'CCC+' from 'B-'. The
    recovery rating remains '6'.
    -- The outlook is stable.

    NEW YORK (Standard & Poor's) May 28, 2015--Standard & Poor's Ratings Services
    today lowered the corporate credit rating on Radnor, Pa.-based exploration and
    production (E&P) company Penn Virginia Corp. to 'B' from 'B+'. The outlook is
    stable.

    At the same time, we lowered our ratings on the company's senior unsecured
    debt to 'CCC+' from 'B'. The recovery rating on the debt remains '6', which
    indicates our expectation for negligible (0% to 10%) recovery in the event of
    a default.

    "The downgrade reflects the impact of weakening commodity price assumptions,
    which resulted in a deterioration of Penn Virginia's expected financial and
    profitability measures," said Standard & Poor's credit analyst David Lagasse.

    Under Standard & Poor's assumptions, we now expect debt to EBITDA to exceed 5x
    on average, consistent with a "highly leveraged" financial risk profile, as
    defined by our criteria. Additionally, profitability measures are decreasing
    and are approaching a "below average" assessment. Nevertheless, profitability
    measures reflect historical drilling costs, which were based on very tight rig
    and completion equipment market. We base our assessment of Penn Virginia's
    "weak" business risk on its participation in the cyclical and
    capital-intensive E&P industry and the relatively modest size of the company's
    reserves. Based on resulting financial measures, we assess Penn Virginia's
    financial risk prof

  • halfsure1 by halfsure1 May 22, 2015 8:13 AM Flag

    20,000 buy pre market this morning $5.31

  • halfsure1 by halfsure1 May 19, 2015 10:37 AM Flag

    thank you UAN

  • halfsure1 by halfsure1 May 11, 2015 4:10 PM Flag

    Penn Virginia Corporation Announces First Quarter 2015 Results and Provides Updates of 2015 Guidance and OperationsFont size: A | A | A
    4:06 PM ET 5/11/15 | GlobeNewswire
    16% Sequential Growth in Total Production and 23% Sequential Growth in Eagle Ford Production

    25% Decrease in Average Eagle Ford Well Cost Since Early Fourth Quarter 2014

    Continued Solid Well Results From the Upper Eagle Ford (Marl) and Lower Eagle Ford

    Borrowing Base of $425 Million and Relaxed Leverage Covenants

    Penn Virginia Corporation (NYSE:PVA) today reported financial results for the three months ended March 31, 2015 and provided updates of its operations and 2015 capital plan and guidance.

    Key Highlights

    First quarter 2015 results compared, as applicable, to fourth quarter 2014 results were as follows:

    -- Total production during the first quarter was 2.2 million barrels of oil equivalent (MMBOE), or 24,721 barrels of oil equivalent (BOE) per day (BOEPD), a 16% sequential increase compared to 21,314 BOEPD. -- Total production increased 17% over the first quarter of 2014 and 29%, pro forma to exclude volumes from Mississippi properties sold in July 2014.

    -- Total production increased 17% over the first quarter of 2014 and 29%, pro forma to exclude volumes from Mississippi properties sold in July 2014.

    -- Eagle Ford production was 21,390 BOEPD, a 23% sequential increase compared to 17,459 BOEPD.

    -- Realized oil and gas prices were $71.79 per barrel and $3.14 per Mcf, compared to $77.99 per barrel and $4.03 per Mcf, including oil and gas derivatives.

    -- Product revenues were $110.6 million, compared to $111.8 million, including oil and gas derivatives.

    -- Drilling and completion costs in the Eagle Ford, including facilities, have decreased by approximately $2.5 million per well, or 25%, from early fourth quarter 2014.

    -- Unit production costs, including lease operating expense, gathering, processing and transportation expenses and production and ad valorem taxes, decreased to $10.68 per BOE from $11.52 per BOE.

    -- Adjusted EBITDAX, a non-GAAP (generally accepted accounting principles) measure, was $77.6 million, compared to $84.8 million.

    -- As a result of our active Upper Eagle Ford drilling program, 11 wells were turned in line since the end of 2014. -- Over the past 12 months, 23 Upper Eagle Ford wells have been brought on line with an initial potential (IP) rate of 1,223 BOEPD and a 30-day average rate, for the 21 applicable wells, of 942 BOEPD.

    -- Over the past 12 months, 23 Upper Eagle Ford wells have been brought on line with an initial potential (IP) rate of 1,223 BOEPD and a 30-day average rate, for the 21 applicable wells, of 942 BOEPD.

    -- The borrowing base under our revolving credit facility (Revolver) was recently re-determined to $425 million. -- Maximum leverage ratio covenant was relaxed through maturity in September 2017 and a new covenant was added for senior secured debt.

    -- Maximum leverage ratio covenant was relaxed through maturity in September 2017 and a new covenant was added for senior secured debt.

    -- At March 31, 2015, both ratios were well within the applicable covenants.

    -- At March 31, 2015, our pro forma financial liquidity was approximately $265 million after accounting for the borrowing base re-determination.

    Definitions of non-GAAP financial measures and reconciliations of these non-GAAP financial measures to GAAP-based measures appear later in this release.

  • Reply to

    LOTS OF SELLING

    by halfsure1 May 11, 2015 3:31 PM
    halfsure1 halfsure1 May 11, 2015 3:57 PM Flag

    poor earnings

  • halfsure1 halfsure1 May 11, 2015 3:34 PM Flag

    LOOK AT URZ

  • halfsure1 by halfsure1 May 11, 2015 3:31 PM Flag

    MAYBE THE WORD GOT OUT EARLY

  • Reply to

    ROSE gets nice premium in buyout

    by stuartcreekfarms May 11, 2015 7:59 AM
    halfsure1 halfsure1 May 11, 2015 8:54 AM Flag

    Finally a Deal Reached Amid Oil's Price Slump -- Market TalkFont size: A | A | A
    6:50 AM ET 5/11/15 | Dow Jones
    6:50 EDT - In one of the biggest US oil-patch deals since the crude-price slump, Noble (NBL) will be getting into the Eagle Ford and Permian shale plays through its planned $2.1B all-stock deal for Rosetta (ROSE). The Texas plays, says NBL CEO Dave Stover, "are premier unconventional resource plays, two of the most economic in the US." The acquisition will immediately boost NBL's earnings, he adds. NBL's stock, down 30% the past year, has fallen only half as much as ROSE's. The latter's shareholders, which would own 10% of NBL at closing, would see a 38% premium versus Friday's close, with the $26.62 price a level ROSE hasn't traded at in 5 months.

AKAM
69.91-0.46(-0.65%)Jul 2 4:00 PMEDT