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kirbyjf101 23 posts  |  Last Activity: Jul 20, 2015 12:20 PM Member since: Mar 7, 2013
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  • kirbyjf101 by kirbyjf101 Jul 20, 2015 12:20 PM Flag

    he oil guru who predicted last year’s rout said $100-a-barrel crude is likely to return within five years as faltering supply fails to meet demand.
    Gary Ross, the founder of consultants PIRA Energy Group, said oil markets aren’t nearly as oversupplied as many believe and spare capacity is tight since Saudi Arabia is pumping all the crude it can without new drilling.
    “Current prices are unsustainable,” he said Monday in an interview in London. “It’s hard not to see oil hitting $100 a barrel at some point in the next five years.”
    The forecast from Ross, who last year turned bearish on oil before prices shrank by half, is at odds with other analysts and investors bracing for “lower for longer” prices, a term coined by BP Plc Chief Executive Officer Bob Dudley. Saudi Oil Minister Ali Al Naimi said in December the world may not see $100 crude again, while the International Energy Agency has described the markets as “massively oversupplied.”
    Such views fail to take into account the impact of $50 oil on output outside North America as producers reduce spending, according to Ross. The likelihood of further disruption to OPEC supplies and the boost to consumption from cheap fuel also support prices, he said.
    Brent crude traded at $56.76 a barrel, down 34 cents, at 3:35 p.m. London time. West Texas Intermediate oil fell 52 cents to $50.37.

  • At the moment LINN can handle its debt because it has plenty of cash flow to fund its interest, capital expenditures, and current distribution rate since, like Denbury, much of its current production is locked in via futures contracts. Saudi Arabia's crude oil exports fell in May to their lowest since December, with official data showing daily shipments stood at 6.935 million barrels a day (bpd) compared to 7.737 million bpd in April.
    The decline came despite record high output of over 10 million bpd as the Kingdom - traditionally the world's biggest exporter of crude - transforms into one of the largest oil refining centers.

  • Oilfield services firm Baker Hughes reported U.S. drillers took seven oil rigs out of fields last week, bringing the total to 638, compared with 1,554 active rigs at this time last year. The prior two weeks' gains were the first in more than seven months.

  • Petroleum Demand Rose in June and 2nd Quarter
    WASHINGTON, July 16, 2015 ─ Total U.S. petroleum deliveries (a measure of demand) grew by 4.2 percent from June 2014 to average 19.6 million barrels per day last month. In the second quarter, demand increased by 3.7 percent compared to the same period last year. Monthly Statistical Report, Petroleum Facts at a Glance, Monthly Import Statistics for April 2015 (latest available).

    Sentiment: Buy

  • Schlumberger (SLB) topped Wall Street’s estimates for second-quarter earnings, as executives pointed toward signs that oil production is poised to rebound.

    The world’s largest oilfield services company posted net income of $1.12 billion, down 30% versus a year-ago profit of $1.6 billion. On a per-share basis, Schlumberger earned 88 cents to beat the 79 cents projected by analysts.

    Revenue fell 25% to $9.01 billion, better than the consensus estimate of $8.97 billion.

    During a conference call with analysts Friday, CEO Paal Kibsgaard said pricing will likely be under pressure through the rest of 2015.

    However, Schlumberger believes oil supply and demand will “tighten” starting in the second half. Kibsgaard reiterated that the oil industry’s large cuts to exploration and production investments “are going to show up” in crude inventories.

    “We’re not far from the bottom,” Kibsgaard added in response to a question about production spending. “There’s not much left to cut.”

    From highs of over $100 a barrel early last year, U.S. oil prices have tumbled to their current mark of $50.38 a barrel. Brent crude, the international benchmark, was trading at $56.70.

  • Reply to

    OILMAN T. BOONE PICKENS says $70.00 OIL

    by kirbyjf101 Jul 18, 2015 11:38 AM
    kirbyjf101 kirbyjf101 Jul 18, 2015 12:32 PM Flag

    How many times has he been right??

  • The EIA reported that it expects U.S. oil production to continue to sink, predicting a decline of 91,000 barrels per day in August from the country’s main shale regions. The losses will continue to be led by the Eagle Ford with a loss of 55,000 barrels per day, followed by the Bakken (expected to drop by 22,000 barrels per day) and the Niobrara (down 20,000 barrels per day). Meanwhile, the EIA also reported ongoing drawdowns in crude oil inventories, with another 4.4 million barrels pulled from storage over the past week. The trend towards adjustment is slow, but at least it appears to be steady. On the other hand, Baker Hughes has reported three weeks of rig count gains, suggesting the rig count has bottomed out for now.

    What happened to the PUNDANTS predicting $20.00 oil??????

  • Oilman T. Boone Pickens said Thursday that Saudi production is topping out at about 10 million barrels per day and oil prices will return to $70 per barrel by the end of the year.

    OPEC is "all in at 31 million barrels a day. That's about all they can do," Pickens said on CNBC's "Squawk Box." "They talk a lot about it, what they can do, and the Saudis say 12 and half. Well show me. I'm ready to see 12 and a half.They're making 10.3, and they struggle at 10, I think. I think 10 is about all the Saudis can do."
    Now, you shut down 1,000 rigs, we're dealing with decline curve," said Pickens, chairman of BP Capital Management. "If you're trying to grow production, you've first got to maintain production."

    Oil wells—whether conventional or unconventional—reach peak production soon after they yield the first drop of crude. The U.S. industry is dominated by unconventional wells.
    Conventional wells go through a long period of steady, flat production between peak and decline. In contrast, production falls rapidly in the first three years of unconventional wells—those in shale, sandstone and carbonates. They then enter a long phase of very low production.
    "Just as soon as you get an oil well, put it on production, it starts to decline," Pickens said. "Now how fast is it going to decline is very important."

    Kirby

  • kirbyjf101 kirbyjf101 Jul 18, 2015 11:22 AM Flag

    Linn is Hedged 90 Per cent of its production for 2015 at an average price of approximately $91 per barrel. For 2016, oil is hedged approximately 65% at an average price of approximately $90 per barrel. Natural gas remains hedged approximately 100% for 2015 through 2017 at average prices ranging from approximately $4.48 to $5.12 per MMBtu. At March 31, 2015, the Company’s hedge book had an estimated net positive mark-to-market value of approximately 2.1 billion.
    Looking ahead to the remainder of 2015 I am pleased to report that our current guidance for the full year anticipates that we will fund total oil and natural gas capital along with the DISTRIBUTION (((MONTHLY PAYMENT OF .1042))) (((SHORTS WILL HAVE TO PAY THAT EACH AND EVERY MONTH))) from internally generated cash flow. Now in closing we had a good first quarter pleased to report that Linn delivered very strong results in the first quarter. We grew production 2% to approximately 1.2 billion cubic feet equivalent per day compared to our year-end 2014 exit rate of 1.18 billion cubic feet equivalent per day. Production in the first quarter was positively impacted by efficient operations across our portfolio particularly our Jonah, Permian and California assets. The Company's production growth for the quarter is especially significant in line with the 65% reduction in our oil and natural gas capital budget from 2014. This achievement clearly demonstrates Linn's enhanced capital efficiency as a result of our strategic portfolio realignment last year.

    BUY LNCO-

    Kirby

  • Proclaiming the recent sell-off “overdone,” Wells Fargo analyst Joel Houck raised his rating on the residential and agency real estate investment trust sector to Outperform in a Tuesday report. He noted their cheap prices and ability to do well in a rising rate environment. He writes:

    While we acknowledge that rate sensitive REITs have historically underperformed during tightening cycles, and that the current environment may preclude a reversion to book value, we believe the sell-off in the space is overdone.

  • Reply to

    Max LNCO-LINE differential yesterday of 2015

    by quazog3 Jul 1, 2015 11:27 AM
    kirbyjf101 kirbyjf101 Jul 1, 2015 12:53 PM Flag

    I believe LNCO is the one to be in as it looks like the dividend that we receive may be a return of capital,so we could have a GREAT capital Gain going forward. ((JMHO)) Read::For 2015, we expect to fund our total oil and natural gas capital expenditures of approximately $520 million, along with the distribution of approximately $417 million, from internally generated cash flow. Assuming our targeted cost savings, we expect to live within cash flow for the year while funding our entire $600 million capital budget. Regarding the tax outlook for LinnCo, we are forecasting LinnCo’s cash tax liability to be zero in 2015, assuming current estimates for taxable income and capital spending, based on the expected shield provided by LINN.

    BUY LNCO AND HELP A SHORT OUT$$$$$- Its almost impossible borrow right now
    Kirby

  • kirbyjf101 by kirbyjf101 Jun 30, 2015 1:14 PM Flag

    Our brokerage friends , both long and short like to stir us little people from time to time with a full blown down turn and scare us into selling our stocks. This usually happens just before certain stocks are going to start an upward movement . Is 17 dys b/4 we get our .1042 distribution and there are no cash problems and any problem with debt repayment would be over years from now in 2019. And this astute management team will refinace and repay before that event happens. Looking ahead to the remainder of 2015 I am pleased to report that our current guidance for the full year anticipates that we will fund total oil and natural gas capital along with the DISTRIBUTION (((MONTHLY PAYMENT OF .1042))) (((SHORTS WILL HAVE TO PAY THAT EACH AND EVERY MONTH))) from internally generated cash flow. Now in closing we had a good first quarter pleased to report that Linn delivered very strong results in the first quarter. We grew production 2% to approximately 1.2 billion cubic feet equivalent per day compared to our year-end 2014 exit rate of 1.18 billion cubic feet equivalent per day.
    The shorts have increased in the past 2 weeks and they need this Dipsy Doodle to book their profits
    6/15/2015 10,839,026 1,001,906 10.818406
    5/29/2015 9,985,939 1,666,984 5.990423
    5/15/2015 10,014,249 1,473,863 6.794559
    4/30/2015 10,512,170 1,681,657 6.251079

    Kirby

    Sentiment: Buy

  • Reply to

    RED ALERT: More dilution polution

    by marcopubio Jun 30, 2015 11:47 AM
    kirbyjf101 kirbyjf101 Jun 30, 2015 12:13 PM Flag

    marcopubio the MENDACIOUS --- Read this
    Mark Ellis - Chairman, President and CEO
    I mean I think the distribution is driven by how much cash we’re generating and we’re obviously setting a pretty, very firm goal of living within cash flow for the year and I think that’s our goal as we go into 2016. So, the liquidity although it’s a nice cushion at this point we really don’t intend to use it. So, exiting the year to $1 billion of liquidity we feel pretty good about that. And it’s not really a driver to the distribution earlier.

    BUY LNCO HELP A SHORT OUT
    Kirby

  • Crude oil’s plunge is leaving drilling rigs idle from Africa to Latin America as the world’s biggest energy companies curtail spending and stall projects. Their smaller rivals are seizing the opportunity to gain ground.
    Sound Oil Plc, a Mediterranean producer one-500th the size of Eni SpA, will start exploring fields in Morocco and Italy toward the end of 2015 and early 2016, while Cairn Energy Plc and Savannah Petroleum Plc plan wells in West Africa.
    “Large companies have dividend and debt burdens to be taken into account when oil prices decline and their response time is slower,” Sound Oil Chief Executive Officer James Parsons said. “Smaller explorers are quick to use the opportunity of declining costs and increasing availability of rigs.”
    Drilling fees have dropped by about half in the past year, prompting junior oil companies to lock in contracts before rates rebound. While smaller fields can be profitable for a $100 million producer, they’re of little interest to larger rivals that need a higher rate of return in a lackluster crude market.
    Rig costs typically react to oil with a lag of about six months, so today’s contracts reflect prices that sank to almost a seven-year low in January, forcing major producers to defer almost $200 billion of “megaprojects.” By steering clear of costly developments such as oil sands and deep-water deposits, the juniors can profit from current prices at about $60 a barrel.

    Kirby

  • kirbyjf101 kirbyjf101 Jun 30, 2015 10:20 AM Flag

    to s.eranger----woff woff woff- look at this
    I am pleased to report that Linn delivered very strong results in the first quarter. We grew production 2% to approximately 1.2 billion cubic feet equivalent per day compared to our year-end 2014 exit rate of 1.18 billion cubic feet equivalent per day. Production in the first quarter was positively impacted by efficient operations across our portfolio particularly our Jonah, Permian and California assets. The Company's production growth for the quarter is especially significant in line with the 65% reduction in our oil and natural gas capital budget from 2014. This achievement clearly demonstrates Linn's enhanced capital efficiency as a result of our strategic portfolio realignment last year.
    On the cost side, we previously talked about targeting LOE reductions of 5% and capital cost reductions of 10% to 15%. To meet these goals we undertook a comprehensive cost reduction initiative across the organization and I'm pleased to report that we have already begun to generate significant savings. Largely as a result of these efforts Linn outperformed LOE guidance expectations by 8% during the quarter. All-in we’re targeting combined run rate cost reductions in LOE, G&A and capital cost of approximately $100 million to $150 million on an annualized basis. These positive trends suggest we’re on-track to meet or exceed our targets.
    BUY LNCO AND HELP A SHORT OUT

    Kirby

    Sentiment: Buy

  • Natural-gas prices rose, as a smaller-than-average increase in the nation’s stockpiles bolstered the view that a glut is easing.

    Gas prices have been resilient all month, defying widespread expectations that heavy supply would keep hurting prices. A hot spell spreading across the country has raised demand for gas-fired power just as production cuts and pipelines outages began to choke back supply.

    The trend has been visible all month in shrinking weekly surpluses reported by the U.S. Energy Information Administration. Stockpiles additions hit a record of 132 billion cubic feet in the last week of May and have since fallen three weeks in a row.

    Prices are up 7.9% for the month so far, roughly along that same time period. Prices for the front-month July contract on Thursday rose to the highest point in a week, settling up 9.1 cents, or 3.3%, at $2.850 a million British thermal units on the New York Mercantile Exchange.

    EIA on Thursday said storage levels grew by just 75 billion cubic feet, three billion cubic feet less than expectations and 13% below the five-year average, in the week ended June 19. It was the smallest storage addition in more than two months and suggests the market has come back into balance after a long period of booming supply repeatedly outpacing demand.
    This is great as they will be able to get a better price for their product and since they have reduced their costs in producing the product, at some point this will enable them to increase their ROE.

    BUY LINCO AND GET .1042 CENTS A MONTH IN DIVIDENDS AND AT THE SAME TIME HELP A SHORT OUT. (((19 DAYS FOR NEXT DIVIDEND)))

    Kirby

  • Markets fluctuate and the market participants , both short and Long want to see if they can get the weak ones out at as low a price as possible. Also not every one is a short term trader like most shorts.There are no issues regarding debt as the first bond issue that comes due is 2019 and also they have 3 years of being 100% hedged- Read this::To all new potential Shorts of Linn- Be aware of the following::::
    Linn is Hedged 90 Per cent of its production for 2015 at an average price of approximately $91 per barrel. For 2016, oil is hedged approximately 65% at an average price of approximately $90 per barrel. Natural gas remains hedged approximately 100% for 2015 through 2017 at average prices ranging from approximately $4.48 to $5.12 per MMBtu. At March 31, 2015, the Company’s hedge book had an estimated net positive mark-to-market value of approximately 2.1 billion. (((That $2,100,000,000.00 could be obtained in the matter of a few days, so cash is no problem)))

    For those who have not been involved in the trading game a long time , its normal for stocks to try to get close to a past bottom. In this case Its almost there and the fundamentals are to strong and attractive monthly payout to be in this price range for any length of time. I picked up another couple of thousand SHARES $9.90 . Would suggest everyone put bids in below the bid, so the shorts have to pay more to drive the stock down. Only 19 days until the next the next .1042 cent distribution of CASH.
    BUY LNCO AND HELP A SHORT OUT
    Kirby

    Sentiment: Buy

  • Reply to

    Be very Careful new shorts

    by kirbyjf101 Jun 21, 2015 10:13 PM
    kirbyjf101 kirbyjf101 Jun 22, 2015 3:26 PM Flag

    WHY

    Linn is Hedged 90 Per cent of its production for 2015 at an average price of approximately $91 per barrel. For 2016, oil is hedged approximately 65% at an average price of approximately $90 per barrel. Natural gas remains hedged approximately 100% for 2015 through 2017 at average prices ranging from approximately $4.48 to $5.12 per MMBtu. At March 31, 2015, the Company’s hedge book had an estimated net positive mark-to-market value of approximately 2.1 billion.

    Kirby

  • Reply to

    Be very Careful new shorts

    by kirbyjf101 Jun 21, 2015 10:13 PM
    kirbyjf101 kirbyjf101 Jun 22, 2015 3:25 PM Flag

    The stock is already down $22.00 a share and the are paying .1042 cents per month. Do u think the stock is going to ZERO? I think the low has already been made.
    Kirby

  • kirbyjf101 by kirbyjf101 Jun 21, 2015 10:13 PM Flag

    To all new POTENTIAL SHORTS of Linn- Be AWARE of the following::::
    Linn is Hedged 90 Per cent of its production for 2015 at an average price of approximately $91 per barrel. For 2016, oil is hedged approximately 65% at an average price of approximately $90 per barrel. Natural gas remains hedged approximately 100% for 2015 through 2017 at average prices ranging from approximately $4.48 to $5.12 per MMBtu. At March 31, 2015, the Company’s hedge book had an estimated net positive mark-to-market value of approximately 2.1 billion.
    (((STATEMENT FROM MARK ELLIS ))) Looking ahead to the remainder of 2015 I am pleased to report that our current guidance for the full year anticipates that we will fund total oil and natural gas capital along with the DISTRIBUTION (((MONTHLY PAYMENT OF .1042))) (((SHORTS WILL HAVE TO PAY THAT EACH AND EVERY MONTH))) from INTERENALLY GENERATED CASH FLOW. Now in closing we had a good first quarter pleased to report that Linn delivered very strong results in the first quarter. We GREW production 2% to approximately 1.2 billion cubic feet equivalent per day compared to our year-end 2014 exit rate of 1.18 billion cubic feet equivalent per day. Production in the first quarter was positively impacted by efficient operations across our portfolio particularly our Jonah, Permian and California assets. The Company's production growth for the quarter is especially significant in line with the 65% reduction in our oil and natural gas capital budget from 2014. This achievement clearly demonstrates Linn's enhanced capital efficiency as a result of our strategic portfolio realignment last year.
    Goldman Sacks has a SELL ON the Company and a price target of $10.00 a unit.
    Be Carefull new short the price is already here and you know how Goldman Sacks operates. (((CAVEAT VENITOR)))
    Petroleum demand grew 5.4 percent in May
    WASHINGTON, June 18, 2015 ─ Total U.S. petroleum deliveries (a measure of demand) grew by 5.4 percent last month from May 2014 to average 19.5 million barrels per day. This was the highest monthly demand yet seen in 2015-- Looks like a new Trend is starting- Let the Trend be you Friend.

    The RIG count is down 1,001 from a year ago- If you don't think that is going to make a difference in production as the present wells deplete and there is some serious discussion on whether the EIA figures are correct as many think there is less oil than are presently estimated.

    The last thing to consider is RISK/REWARD- The stock is down 70% from its high and its book value is $12.25 and insiders hold approximately 40% of the issue- Also the SMART SHORTS have covered over 7,800,000 units (Shares) since 3/13/2015 ((92 dAYS)). The present shorts holding the BAG desperately want out. TO THE POTENTIAL NEW SHORT- YOU HAVE BEEN WARNED

    Kirby

    Sentiment: Buy

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