and Chevron. Especially FPL. I would expect they looked at them very carefully..
of production in Q3 and Q4.
it had to do with additional drilling infrastructure as they are really ramping up production going forward.. This has to be one of the best microcap gas plays in the USA.
Doesn't trade After Market I guess..
appealing is it doesn't have a track record until this year, so no one knows how to evaluate it. They are on their way to exceed $.65 earnings in 2014.
$.65 earnings for a $7 stock is really a great defensive position for a stock market that is unstable. The analysts should all move their earnings projections strongly higher for 2015 after August 4th. Listen to Q1's CC to hear why..
Compared to $226 million in revenue and a $.4 billion mkt cap for PQ. Just that huge cap needs to be equalized.
PetroQuest PQ has est '14 earnings of $.64, $271 MM sales, $.4B mkt cap, Parsley Energy (PE) has est '14 earnings of $.40, $331 mm sales, $2.6B mkt cap. What is wrong with this picture? When will wall street figure this out and normalize the values? Parsley doesn't even do horizontal drilling yet!
I think this is why NextEra Energy invested in this company. NextEra is the third largest electric utility in the the USA. Earnings will definitely top $.63 this year.
You sold early sport..
So that helps explain why NextEra Energy is looking to partner with PetroQuest Energy (NYSE: PQ ) on 38 wells in Oklahoma. Right now the cost and impact would be tiny. NextEra will spend just under $70 million and invest another $120 million over the next 30 years. The benefit will be locking in access to natural gas "at cost." This, the company believes, will save NextEra Energy around $100 million in fuel costs over that span—a tiny fraction of its fuel costs.
PetroQuest Energy, meanwhile, gets a well-heeled financial backer to help it pay for its expansion efforts. But, more importantly, this could be just the beginning. Eric Silagy, the CEO of NextEra Energy's FPL subsidiary noted that, "This investment in natural gas production is an important component for delivering lower, more stable natural gas prices for our customers, and we anticipate identifying additional investment opportunities, thereby benefiting our customers even more over the long term."
If NextEra Energy and PetroQuest expanded this relationship it could go a long way to help PetroQuest build out its 35,000 acres of gas land. That's doubly true since it's picking up the pace of drilling, with 2014 marking its most active drilling year ever in the region in which the pair have partnered.
2014, compared to only $.14 in 2013. There is not even a buyout bid yet in the share price..
unless you work for PQ?
The well is now coded as a "31" - "shut-in dry hole - future utility" ... very puzzling to me. Any thoughts anybody?
rak5555, look at the Yahoo earnings estimate, which is an average of all the analysts.