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Enterprise Products Partners L.P. Message Board

harold33272 20 posts  |  Last Activity: Aug 9, 2014 11:00 AM Member since: Dec 26, 2011
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  • Reply to

    MD&A Posting?

    by johnandjoy1 Aug 9, 2014 7:37 AM
    harold33272 harold33272 Aug 9, 2014 11:00 AM Flag

    Mgt is optimistic it will get a mancos at Kokopelli done this fall. The JV wants to go forward with that asap.

    I think a mancos at Roan Creek will be a second half/2015 event.

    Sentiment: Strong Buy

  • harold33272 harold33272 Aug 6, 2014 2:17 PM Flag

    DEJ isn't defined by what Encana does or what WPX does. The fact that DEJ is the only micro-cap in what a lot of people still refer to as the Greater Gibson Gulch area of the Piceanse is a positive. To be surrounded by a lot of multi-billion dollar companies, sure, that's a positive. It's an indicator of what's in the ground for DEJ. But ... it is not a predictor. DEJ still has to prove up its own acreage. No one is going to walk in the door and offer a premium to DEJ just because it's got land 10 miles away from a well produced by ECA or WPX. DEJ's fate, its proven, producing reserves and the overall fundamentals of the company are totally independent of what WPX is doing or any other company for that matter. What happens with WPX or Oxy or ECA won't ever be baked into DEJ's stock. It just doesn't work that way.

    Sentiment: Strong Buy

  • harold33272 harold33272 Aug 6, 2014 11:36 AM Flag

    No offense, but because they're pumping unsubstantiated Internet chatter just as you are.

    I've been in this stock for four years and like you, I want it to go to the moon. I've never sold a share. But with all due respect, hopping on a message board everyday and constantly pumping rumors, innuendo and just pubbing the stock through the roof doesn't change reality or the fundamentals. It also doesn't add to credibility, it actually ruins it.

    There is no way on the planet Hodgkinson is going to deal the company without first exploring every opportunity to push the market cap up several multiples. And the way to do that in the next 12-15 months isn't through a few additional WF wells or by opening a couple of shut-in NG wells at Woodrush; it's through drilling one or two deep verticals directly into the mancos at Kokopelli/Roan Creek. The mancos is a game-changing endeavor for the company. The WF wells, over time, collectively, will add substantial cash flow. No doubt about it. But in the near term, that 12-15 month time frame, there's no bigger catalyst for the company than its activity in the mancos. That's just reality. And they're going to wait on that reality before all this buyout stuff would even be on the table for discussion.

  • harold33272 harold33272 Aug 6, 2014 9:23 AM Flag

    The company is not in buyout talks. Hodgkinson isn't selling DEJ at this time and I don't anticipate he will entertain the thought until "after" they drill a deep vertical into the mancos at Kokopelli and Roan Creek and until after they've put a bit to the ground at North Rangely. The activity in the mancos at Kokopelli and Roan Creek has the potential to double, possibly triple the market cap. So I see virtually no way Hodgkinson would deal the company until after DEJ explored these obviously high reward endeavors. To do so would be foolish and would absolutely not be in the best interest of DEJ or its shareholders.

    Hodgkinson is in the stock between $0.39-$0.41 a share, so he stands to benefit from as large a multiple as possible more so than anyone. And to get a nice premium - to reach that $1.25-1.75+ range - they're going to have to have some producing mancos wells in the fold. That's just reality. The seven additional WF wells at Kokopelli and Woodrush's increased production will not push the stock to those levels. Those events alone won't double or triple the current market cap. But again, successful producing (mancos) wells at Roan Creek and Kokopelli most certainly will. And this is a very realistic goal for DEJ.

    From my perspective, a huge source of encouragement is that it now appears likely DEJ can and will drill a deep vertical into the mancos at Roan Creek on its own, meaning ALL of the revenues from virtually everything that comes out of the ground at Roan Creek will flow directly into the DEJ coffers! With the balance sheet improving and cash flows increasing after the new 7-8 well project and a higher WI with the initial 4-well project at Kokopelli, DEJ will have much of the capital it needs to fund the deep vertical at Roan Creek in early 2015. To not give this piece of the pie to another operator and have this kind of WI to ourselves is substantial in nature. It cannot be overstated.

    This buyout talk is a non-event.

    Sentiment: Strong Buy

  • I think I read here sometime awhile back (about a year ago) that the CEO did not like stock splits.

    With consumer staple stocks in particular, I think a stock split at these levels is a good thing. I'm a little surprised MMM and JNJ haven't already split.

    I gather, though ,that KMB won't strongly consider a stock split until after the stock adjusts a bit following the spin-off later this year. I am also hoping for a larger dividend increase from the company in the spring of 2015. I was disappointed with the sub 4% increase this past spring, but given the forthcoming spin-off, I understand.

    Just my $0.02.

  • Reply to

    numbers

    by trevort Apr 16, 2014 2:17 PM
    harold33272 harold33272 Jun 4, 2014 9:20 PM Flag

    I expect the stock price to be in the $0.03 range in the next couple of months. I backed the truck up in February, but I have been buying more the last couple of weeks.

    Sentiment: Strong Buy

  • Reply to

    Taking questions for conference on Wed

    by egresslites May 24, 2014 12:27 PM
    harold33272 harold33272 May 25, 2014 12:23 PM Flag

    egresslites, if you don't mind, please give me an email to reach you. I have a couple of things I'd like to share with you off line. Thanks.

  • 1. I admit I was expecting a bit more than a 6.1% dividend increase. I felt the company would at least get us in the 7.5-8.3% range ($2.84-2.86 annual dividend). I felt that was more than doable and a proportionate increase.

    2. I've been LONG JNJ for several years and will likely never sell a share. But to the long-time LONGS (those who have held JNJ for many years), how much longer do you see this sitting over $99-100+ a share before the company strongly considers a stock split? I'm a little surprised MMM, CVX and KMB have not announced splits.

    Thanks and GLTA!

  • Reply to

    numbers

    by trevort Apr 16, 2014 2:17 PM
    harold33272 harold33272 Apr 22, 2014 8:36 AM Flag

    Wayne Erwin basically saved this company a year ago.

    He needs to put a few more quarters together where the top line revenue is strong and growing, which appears very realistic. The company needs another acquisition or two in the next 12-15 months, which is likely and in that span the company needs to inch closer to selling product (Dotolo). When that happens, OCLG should blow well past $10 million in annual revenue. The company getting Dotolo off the ground and selling product will be a game-changer here.

    Should get really interesting in the next 2-3 years.

    Sentiment: Strong Buy

  • Reply to

    HERE'S A WILD & CRAZY IDEA.....

    by rbarrygunnarson Apr 13, 2014 11:14 AM
    harold33272 harold33272 Apr 14, 2014 7:45 AM Flag

    I can assure you, in no way shape or form would Hodgkinson deal Kokopelli without first drilling a mancos.

    Sentiment: Strong Buy

  • Reply to

    .30's on Monday....

    by auggiekicker1821 Mar 23, 2014 2:17 PM
    harold33272 harold33272 Mar 23, 2014 5:37 PM Flag

    WPX is not involved with Dejour (in terms of drilling or exploration).

    I can tell you if WPX management had its way, Dejour would have gone under a long time ago and it would have just purchased whatever assets were left from Dejour at fire sale prices.

    The chances of Dejour getting a JV or a farmout with a drilling fund or another player are far greater than doing such a transaction with WPX.

    If Dejour executes on a Niobrara later in 2014, then something cooking with WPX would be more likely.

    Sentiment: Strong Buy

  • Reply to

    .30's on Monday....

    by auggiekicker1821 Mar 23, 2014 2:17 PM
    harold33272 harold33272 Mar 23, 2014 4:12 PM Flag

    I expect management to give a thorough update on Roan Creek, Kokopelli, North Rangely, South Rangely and Woodrush. The time has come for management to lay out its long-term goals for these prospects and I believe the added color and perspective is very much overdue and will have resonance with shareholders.

    I do not expect a JV announcement. If a deal with a JV were already done, it would have to be announced because that kind of transaction is a material event.

    The drilling fund, in my opinion, is ready to do another four-well Williams Fork deal, but I believe management is going to allocate any and all available cash toward a Niobrara deal. Drilling a Niobrara is the number one goal at this point because this one event in and of itself can double, possibly triple the company's reserves and single-handedly transform this company from a micro cap to a junior E&P with a $225-300 million market cap. It's a game-changer. The permits, the low-hanging fruit with the Williams Fork exploration is already there for the taking. There's just no rush with that at this time. So I expect Dejour's dollars to be utilized for Niobrara exploration in 2014. It's going to take that event to get the company to the next level. And I think management will establish its desire for this in this week's conference call.

    Sentiment: Strong Buy

  • harold33272 harold33272 Mar 22, 2014 9:33 PM Flag

    zoom_bee, just curious. Where do you see this stock in a year? Given the improved fundamentals, production and top line revenue, what do you think is realistic? $1.50? $2.00? Thanks.

  • Reply to

    DEJ vs HUSA

    by johnandjoy1 Mar 20, 2014 10:31 PM
    harold33272 harold33272 Mar 21, 2014 7:09 AM Flag

    Here is one glaring difference: HUSA has just 52 million shares outstanding.

    Sentiment: Strong Buy

  • Reply to

    Opinions on DEJ 1-Yr Target?

    by riseuplights Mar 20, 2014 7:59 PM
    harold33272 harold33272 Mar 20, 2014 8:18 PM Flag

    I'm not selling a share until Dejour completes a Niobrara. That is priority No. 1 for the company because upon execution of a Niobrara in Garfield County it could double, possibly triple the company's reserves. And that's a game-changer for the company and subsequently the stock price.

    Dejour - by way of a JV - will drill a Niobrara. It's just a matter of when it happens, which I think 2014 is realistic. If it hits, the stock will surely reach several multiples of where it currently trades in after-hours. In the $1.20-1.50 range I would probably take profits and ring the register. I'm not sure if I would liquidate my entire position, but I would begin taking some profits. That price projection is a very realistic, sober target if indeed the company can successfully drill a Niobrara.

    Shaping up to be a much better year for Dejour, given reduced expenses, increased revenues and significantly higher and stable nat gas prices.

    Keep an eye on one additional event as well. If a bit doesn't hit the ground at Roan Creek by mid-year, Dejour, having already been paid for the acreage, makes off like bandits, keeping that money (which it has already deployed into operations anyway) and it gets to retain Roan Creek free and clear, a highly valuable prospect very close to WPX's 'The Beast.'

    Time is running out on the Roan Creek farm-out partner. If drilling doesn't happen within the next two or three months, that's tremendous news for Dejour.

    Basically here's the deal: A successful Niobrara has the "potential" to transform Dejour from a microcap to a legitimate junior E&P ($225-$300+ million market cap).

    Sentiment: Strong Buy

  • Reply to

    How many shares does everyone own?

    by bdg10c Mar 19, 2014 1:09 AM
    harold33272 harold33272 Mar 19, 2014 2:23 PM Flag

    773,000 shares at a cost of $0.29 a share.

    Holder since December 2011 and have added to the position several times since.

    Sentiment: Strong Buy

  • I'm sorry but don't we now have enough time with which to judge this company under Thompson's leadership? By any measure he has failed.

    McDonalds needs a CEO with an ability to see around the corner. The company needs a forward thinker, someone with a thought process that violates the norms and someone with decidedly more business acumen and innovation. Thompson is a fine person, but I don't think he needs to be in this position. CEOs of publicly traded companies must ultimately be judged by the stock price. Simple as that.

    I think the time has come for Thompson to spend more time with his family.

  • harold33272 harold33272 Mar 8, 2014 1:03 PM Flag

    The company will not absorb another company and doesn't have the resources to facilitate such a transaction, but I do believe Dejour will purchase some distressed oil properties in 2014. It's doable, it can be of a low risk nature and will immediately add to the company's total (oil) reserve base. That event and the further development of Kokpoelli are the primary priorities with Kokopelli a distant No. 1 obviously. I think a drilling fund may actually be more ideal than a JV with another E&P company for Kokopelli.

    Q2 should be interesting. Some decisions made by mgt in Q2/2014 will set a course for Dejour in the coming months/years.

    Ideally I'd like to see the current drilling fund do another four Williams Fork-well deal with the company (I don't know that they're overly interested in a Niobrara). And I'd like to see a second drilling fund do a deal with Dejour for a deep vertical and three additional Williams Fork wells on a single pad. That would give the company 7 additional WF wells and a deep vertical into the Niobrara. That event - if accomplished - would represent substantial progress for the company in my opinion. It's just all a matter of finding the right deal. And I'd like to see this limited to Kokopelli or Garfield County I think the company should fish South Rangely and North Rangely as separate entities or separate JV opportunities. I would not be in favor of shelling out the entire Colorado portfolio unless there's a buyout. And IMO Hodgkinson wouldn't so much as consider a buyout until a successful Niobrara was done. That could double or triple the company's NGL/NG reserve base, so no board member at Dejour would approve of a buyout until the company at least had a successful Niobrara, given the potential enormous returns and valuations associated with it.

  • harold33272 harold33272 Feb 27, 2014 7:10 PM Flag

    digital_sleeper, thanks for the insight. It's a terrific company. Long and strong and I've never sold a share. I do think the success and pub of companies like Google/Amazon/Apple and their stock prices have impacted the thinking of consumer goods/staples companies. I know the CEO of Kimberly-Clark does not like splits. I'm thinking JNJ may consider a split once it tops $100 and stays there for a few months.

    Stocks that split typically stall or pull back for a period of time, leaving the yield to increase (see CL and KO). I'm hopeful that'll be the same here with MMM. I'll back the truck up and load up if the yield pushes over the 2.8% mark.

  • How much longer is management going to wait before a split? Really surprised MMM and LMT have not announced splits.

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