I am not sure the market will be blown away by 2Q numbers, as some posters have suggested. Don't forget the huge Deep Panuke bonus in Q1 (300 million in cash flow) from selling 250 million cubic feet per day over $15. There will be huge drop from Deep Panuke for Q2. (Should be nice again next winter however).
What I do hope to see are good results on a series of TMS wells from ECA and from HK which could clearly establish that area as the next high return shale play and that will lead shift to flat out development as occurred at Eagleford.
Have no complaint that fidelity is doing better in Bakken after production was pretty stagnant under 5k bopd for years. But add what they would have from oasis partnership (had it continued) and current productionwould be a lot higher.
You are totally missing the point - MDU was partner with oasis but sold their interest cheaply early on. Now Oasis worth more than MDU. Their share of Oasis production (had they kept their interest) would be more than their current operated Bakken production. Yes they have many pieces, but Oil and gas E and P is one piece that would be bigger now if they had continued with Oasis.
Just saw that Fidelity is at 10,400 bopd in Bakken. Remarkably Oasis now at 45,000 bopd.
The prediction is for a big price differential for New England for next few years, just based on poor pipeline access from Marcellus and elsewhere that can't meet current demand. So they do stand to have boost in cash flow q4 and especially q1 every year for a few more years. But that can be built into the price. They have put a billion into it, they made 1/3 of that back in q1. If they sell it for 2B that would be okay. I would not sell it for a billion though.
For over 20 years they raised it every year with announcement after the dec board meeting. They are back on that pattern and have clearly signaled that they are going to keep doing it that way. I can live just fine with a predictable raise each and every year announced in Dec and implemented with the Jan 25 dividend.
Disagree. Market cap of HK is 2.85 million and they have 3.5 billion of debt. HK Bakken production is about 60% of KOG and gtowing much faster. if they sold it in a year for same relative price as KOG - let's say 4 billion, they would be totally debt free and still have el halcon and TMS.
One really good hour in last couple of weeks. Now holding on to some of those gains in that good hour. It would be nice to get a good and complete operations update at some time. Then the q2 numbers.
It is really the next 7 ECA wells and the next 3 HK wells that will set the current tone about the TMS shale. These ten wells will go a long way to answer the question of proven economics of the tMS wells. And these results should be out in weeks, not months.
That is not the plan. Floyd will grow it to sustainable profits and cash flow and sell it, maybe to a major or to an investment group. Likely somewhere north of 100k bopd of production.
If true, it is totally bizarre that USEG and Contango would put out a corporate slide showing production of recent wells, and show #$%$ April numbers on two key recent wells, and just not mention the fact these two wells came on line on April 27 and April 28. Also totally bizarre that a new poster has this information (if true) and releases it the week before the May production numbers for those wells are supposed to show up on Texas web site. Wonder who the new poster is and where he got the information.
I don't really understanding why selling for $2 billion a piece valued in your market cap as ZERO - makes the share price go DOWN. Go figure. However we ar ein a nice uptrend and the stage is set for that to continue right through $30. The next two TMS wells will be very improtant - for ECA but also for HK and Goodrich.