anything could happen, but this is a keeper imho. low cost production and strong finances. Someone will take them out one day.
Bechtel-but there might be some anti-trust concerns.
With commodity prices collapsing everywhere, the dividend is highly suspect, imho. BHP will do what it considers best for the company. Don't be surprised if the dividend is cut. Next divvy would be normally paid in March with an ex date in early March and a declaration date of about February 15-20.
Look at the proportions of gas vs. oil for the two. DVN bought into the oil business at the top. CHK is still a gas co.
EOG is the best of breed, it's no wonder it's holding up (relatively). If it does tank, that will be the sign of capitulation for the sector.
the recent episode of "Stalker" has 39.37 minutes of showtime and 20.23 minutes of commercials.
The commercial time continues increasing everywhere. Why bother watching the show?
WLL is one of the few frackers with declining production costs. Hopefully they can improve operations at KOG.
book value is meaningless for an e&p company. The largest asset represents money already spent to drill. Expect a major writedown of those assets at year-end.
You need to focus on ebitda, debt, and reserves
There's no need to be rude in your comments. I'm truly interested in how you determine "best of breed"
And I didn't give you a thumbs down.
The DDA number is per barrel. It doesn't necessarily follow that costs per barrel rise as total production rises. WLL, EOG and others show a declining per-barrel cost as efficiencies kick in.
Another way to put it: that $55.00 number has been rising steadily, quarter by quarter. Unless something changes drastically, it's not likely to go down. So I use it as an indication of going-forward costs.
XOM would need to buy a lot more just to make a proper dent in their numbers. But, maybe CXO and others would be tasty for people like STO, BHP, OXY,etc
How do you consider them best of breed? I like and own XEC but I'm not sure I would call them best of breed. Hopefully you're right.
Are you sure it was ISIS? My brother-in-law is long OAS and WLL, said he was going to "take action"
Hedging only covers a temporary period. Good for 2015 but what about after that. per their 2Q 10Q, the total of lease operating expenses, dd&a, and g&a came to $55.00 per barrel of oil produced. And it continues rising quarter by quarter.
That's not necessarily their marginal cost, but it points up their problem: they can't make enough money drilling for oil at current prices.
that borrowing base is calculated at a higher assumed price and can be reduced by the banks at any time.