explain the CITADEL buys idiot !!!! And others that know the markets. I would love this to go to 1 dollar as I would double down again. The MIDDLE EAST is borrowing to keep oil down. WHILE their people cry and are screaming at the governments. OPEC producers are under financial stress given these low oil prices and they re spending their cash at very rapid rates, including the Saudis".
He said low oil prices will affect future oil investments which could mean not meeting future demand growth for oil and that could lead to a spike in prices later. THESE companies do have tangible value and could be the best performing stock in the market next year. AROUND #* dollars a barrel they went up on down oil days as the hedge funds bought.
---Linn Energy has produced impress savings so far in 2015, resulting in over $600 million of free cash flow for the year. ************ LINN's Board of Directors will continue to evaluate the Company's ability to reinstate the distribution and dividend.
**************** Strong growth potential - $1 billion acquisition alliance with Quantum Energy Partners $500 million drilling alliance with GSO Capital Partners LP
Expenses down- Since these expenses have fallen quarter to quarter, the ongoing run-rate for savings should be even higher. Linn forecasts $149 million in excess cash flow for Q4, bringing the full year 2015 total to $295 million of net free cash flow.
Chesapeake Energy is the second-largest producer of natural gas (UNG) and the 12th-largest producer of crude oil and natural gas liquids Chesapeake has $1.7 billion in cash and cash equivalents as of September 30, 2015. Fitch affirmed that Chesapeake’s size and scale offered financial flexibility compared to other exploration and production companies. Fitch has a stable outlook on Chesapeake. Chesapeake estimates that technological advancements can cut production costs by ~25% and enhance capital efficiency by ~20%. It recently announced that it would reduce its workforce by 15%. 50 and 60 dollar oil the new 80$ oil and hedged good, **** It holds cash of $1.7 billion and a credit facility of $4 billion as of September 30, 2015.
The company’s planned non-core asset sale is expected to generate nearly $200 million–$300 million in cash flows in 4Q15. CHK also added some meaningful hedges in the last quarter that will protect cash flows from further commodity (DBC) price volatility.
As of September 30, 2015, Chesapeake has hedged 444 Mmboe (million barrels of oil equivalent) of oil and gas using swaps and three-way collars with nine counterparties . Chesapeake Energy have strong hedging portfolios in place, protecting production volumes in 2016 and 2017
Carl C. Icahn in the mix OWNING 10% OF THE COMPANY. Chesapeake IS A survivor of the oil and gas bust, AND THE STOCK IS BEING HAMMERED BY SHORTS RIGHT NOW. It will return to the upside. *** CHK has HUGE (33%) short interest. Sooner rather than later the shorts will have to buy to cover - sending the PPS upward rapidly.
. The Street (and Cramer) have been rather vocally negative on CHK for over a year Press has been to negative and the stock manipulated. Coiled- new low and bottom fishermen, shorts, long MM, all buying soon. ttttttWe're encouraged about our production volumes. ****** We're encouraged our cash costs are down . We will be a low cost leader ****We executed new gathering agreements in the Haynesville and dry gas Utica which have dramatically improved the value of these two assets. We secured an amended revolving credit facility which has provided a significant increase in our financial flexibility. *** There are many in the media who have great incentive to CONTINUE to keep the negative pressure on CHK (e.g. helping friends liquidate short positions). The Street is part of the financial media complex. Time is on longs side as shorts must cover.
**** Not only has CEO Lawler been buying, but Board member Dunham has bought roughly $30 MILLION worth of shares in the open market in the past year and a half. As well, many other insiders have been buying. ****We signed or are in the process of signing several sale agreements for non-core, non-operated assets. And finally, we achieved several operational records and accomplishments in the field, including meaningful progress in new resources like the Meramec, the Upper Marcellus and the black wall Niobrara.
*** CHK has done wonders to bring done costs and control spending. The company is being run by excellent and experienced management.
**** Any "good" news, e.g. a JV, significant asset sale, etc., will send shorts scrambling to cover and, hence, PPS soaring. TURKEY shooting Russia plane or black market oil being bombed will do.
********* Saudi Arabia has little to gain from continuing to flood the market with oil and taking on debt to manipulate prices. The people are screaming …. The middle east is taking on debt and they are owned by many now, technology_____ We are drilling faster and cheaper, drilling longer laterals and enhancing our completion techniques to drive further value from each investment. In the Eagle Ford-reduction in drilling cost per lateral foot , reduction in cycle time, despite a WITH increase in average lateral length. We also put our three highest rate wells online in the third quarter. Better drilling , laterals, monitoring, optimizing, In the Mid-Continent area, an asset that I consider to be one of the most undervalued assets in our portfolio, we have drilled our first two wells in the Meramec With over . million net acres in the STACK area in Oklahoma, we estimate that we have more than , future locations to be drilled in the Meramec and the Oswego formations. ***********quality of the portfolio, this is not a one-trick pony outfit and not a two trick. We've got six really, really strong powerful assets and that provides us a lot of flexibility.
at that time GOLDMAN was predicting 150$ oil also. IT goes both ways its not worth 7 dollars or the price per share today. I defiantly would not be a seller down here. A whole segment of potential investors won't even look at EXXON or BP either as they have been burned by the industry. LOOK at OAS, WG CNX or WLL. 2 years ago every one would have laughed at you for saying the whole industry would be down 65 to 90%.
I just doubled down. Market all time low. It's scaring these turds into lying about their shorts and the companies hedges, debt and opportunities. Their partnerships and business plan has not changed..... They hedge every year and are the best in the business doing it.. The major publications say they use hedging throughout the years to their advantage. Strong fields and heavy hedging is their trademark. These shorts are idiots and don't know what they are talking about
For the uneducated- BONDS DUE (OLD chart) ----second lien pushed these debts past 2019 to 2020
Linn Engy 8.625%
04/15/2020 1,300.0 --- 108.0 8.625 Fixed No No 7.42
Linn Engy 7.75%
02/01/2021 1,000.0 --- --- 7.750 Fixed No No ---
Linn Engy 6.5%
05/15/2019 750.0 --- 101.5 6.500 Fixed No No 6.22
Linn Engy 144A 9.875%
07/01/2018 255.9 Middle --- 9.875 Fixed No Yes ---
Linn Engy 9.875%
07/01/2018 40.0 Middle 105.6 9.875 Fixed No No 8.49
Linn Engy 6.25%
********************************** During the nine months ended September 30, 2015, the Company repurchased, through privately negotiated transactions and on the open market, approximately $783 million of its outstanding senior notes as follows:
• 6.50% senior notes due May 2019 – $41 million;
• 6.25% senior notes due November 2019 – $316 million;
• 8.625% senior notes due April 2020 – $177 million;
• 6.75% Berry senior notes due November 2020 – $39 million;
• 7.75% senior notes due February 2021 – $36 million;
• 6.50% senior notes due September 2021 – $148 million; and
• 6.375% Berry senior notes due September 2022 – $26 million.
In connection with the repurchases, the Company paid approximately $557 million in cash and recorded a gain on extinguishment of debt of approximately $214 million for the nine months ended September 30, 2015.
They may increase option activities as needed as the company has ((( always)))) had good Hedges. The hedging activities are ((( ON))))) and can be re hedged . The scare of them not being able to hedge more later is false. They are hedged 100% on gas through next year and can not hedge MORE!!!! THEY ARE HEDGED idiot. Find somebody else 100 %%% hedged through next year.
getting your margin call as the industry has a record amount of shorts? ONLY the dumb didn't cover the industry news .
Just a hand full of companies have good hedges on like GST. HEDGES_____ They have 60% of their oil hedged at $78 for 2016. They have just added some gas basis hedges through 2018. Cap ex is going to be lower next year even though potential may be higher given...YES in good times it could be worth 7 dollars a share. Next year I am looking for about 3 dollars a share. Its hard to find 300% gain in a year.
This Could have hidden value ready to unlock- "shale math" of NPV per well and value per acre. New technologies, lowering cost, undervalued reserves, market bottom, and Priced below peers…You can read about the new technologies and great numbers starting to come from the shale fields. Up to 50% cost reductions and up to 30% more to come. …….. Gastar is developing the primarily oil-bearing reservoirs of the Hunton Limestone horizontal play and is testing other prospective formations on the same acreage, including the Meramec Shale and the Woodford Shale, Marcellus Shale , Utica Shale/Point Pleasant, Appalachian Basin, Mid-Continent, .. ***** Net t loss attributable to common stockholders for the third quarter 2015 was $13.9 million, or a loss of $0.18 per share. With write offs, impact oil price mark to market, hedging it was a loss of .03 cents a share.
Options, puts , collars , saddles are all renewable. The oil is hedged through 2016 with 70% being hedged at 90$ a barrel. Gas hedged through 2017 already. LINN Energy has attractive commodity hedge positions in place to provide long-term cash-flow predictability to pay distributions and manage its business. We hedge a significant portion of our forecasted production to reduce exposure to fluctuations in the prices of oil and natural gas. By removing a significant portion of the price volatility associated with future production, we expect to mitigate the possible effects of potential declining commodity prices on cash flow from operations. These transactions are in the form of swap contracts, collars and put options.
Like holding a bible in one hand and begging the governments hand outs with 4 bankruptcies, 3 wives, broken deals and deporting every one that don't meet his criteria. His abusive, immoral, uninformed, unpractical, rhetoric is sic.
THEY ARE SENDING A MESSAGE. This could get interesting as the DOW tumbles also. EVERYONE will be buying oil soon. The futures could shoot up. The market should be buying these small oil stocks the next couple days.
We employ risk mitigation strategies to reduce the volatility in our funds from operations. For 2016 we have entered into hedges on approximately 40% of our net WTI exposure with 16% fixed at US$63.64/bbl and 24% hedged utilizing a three-way collar structure of US$40/US$50/US$60 per WTI barrel. This three-way collar structure is more fully described in our Q3/2015 MD&A as filed on SEDAR.
Producing at Peace River, Lloydminster (Canada) and Eagle Ford areas. About 60 dollar break even…… Business includes the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Williston Basin in the U.S. The company’s crude oil and natural gas operations are organized into three business units: Alberta, Saskatchewan and United States and these business units has a portfolio of mineral leases, operated and non-operated properties and development prospects. Baytex Energy was founded on October 22, 2010 and is headquartered in Calgary, Canada. BTEs Board of Directors has approved a 2016 capital budget of $325 to $400 million, which is designed to generate average annual production of 74,000 to 78,000 boe/d. Baytex also announces amendments to the financial covenants contained in its bank credit facilities which will provide the company with increased financial flexibility to the end of 2017. "We have structured our 2016 capital budget to ensure maximum flexibility with respect to both the timing and level of spend. In the first half of 2016, our budget will emphasize our highest rate of return and highest netback projects in the Eagle Ford. In Canada, we anticipate ramping up activity in the second half of 2016, although the pace will be highly dependent on crude oil prices and project economics." For the full-year, approximately 80% to 90% of our planned capital expenditures will be directed to our Eagle Ford operations, which at current commodity prices, represents the highest individual well economics and highest netbacks in our portfolio. The balance of the spending will be in Canada. Our 2016 capital budget will be heavily weighted to drilling and completion activities (approximately 83%) with the balance for facilities and pipelines (approximately 15%) and land and seismic (approximately 2%).
In the Eagle Ford, we expect to have four to six rigs running throughout the year. We will continue to advance the multi-zone potential of our Sugarkane acreage with individual pads targeting up to three zones in the Eagle Ford formation in addition to the overlying Austin Chalk formation. We expect to bring approximately 35 to 40 net wells on production in 2016.
At Peace River, our capital budget includes drilling 12 net horizontal multi-lateral wells and 6 net stratigraphic and service wells. At Lloydminster, we plan to drill 24 net wells, of which approximately 70% will be horizontal wells.
Based on the mid-point of our 2016 production guidance range of 76,000 boe/d, approximately 53% of our production is expected to be generated in the Eagle Ford with the remaining 47% coming from our Canadian assets. Our production mix is forecast to be approximately 78% liquids (34% heavy oil, 32% light oil and condensate and 12% natural gas liquids) and 22% natural gas, based on a 6:1 natural gas-to-oil equivalency.
Take over target- The industry has had 4 down turns in the last 20 years. ITS a cycle. – (its a great time to buy ) a number of technical indicators show that the market could be presenting an opportunity to enter crude oil on the long side or merge.... . Including the coiled RSI and over sold There are many oil companies have good assets, bank support and strong assets , reserves that can improve the balance sheet of the acquiring company... buy cheap .... higher book values and low PPS.... Great opportunity to own quality-cheap ....... Downgrades and analyst begging for cheap shares with simple cases, lies and over analyzing irrelevant variables. The bottom line should be the strong assets priced at historic lows. … This is further confirmed by bearish extremes in sentiment and we now have positive seasonality maintenance and cleaning in the sector. PAST repeats itself time and time again. Historic patterns now fitting chart patterns of retrenchments and gains, same old market cycles ... Hedge funds and investment groups have been buying debt and not the companies lately and that will change... normal risk/reward evaluation not seen in good blue chip companies for years. Macro events worldwide like Middle East problems should spur our own independent oil companies as they actually have the cost advantage with many companies. Many US oil companies break even around 50 dollar oil the Middle East must have a lot higher oil prices for social unrest and shipping. Economies getting better world wide eventually we need oil , war in 5 countries ... cycle like before- rebound to natural level imminent
1) Shorts are to stupid to cover when we have bounced off lows three times here. THE HEDGES STATED BY THE COMPANY-For expected oil production, the Company’s hedged approximately 90% for the remainder of 2015 at an average price of approximately $88 per barrel and approximately 70% in 2016 at an average price of approximately $90 per barrel. **** WITH HEDGES_ That book of locked in revenue is the runway length for Linn to use its free cash generation to either work on further expense reductions, which would come primarily from debt buy backs and/or increase production and revenue levels. ----- we’ve seen 20% to 25% on the order of 20%, 25% savings essentially across all of our capital programs on the drill side … -- This is the third quarter in a row we’ve exceeded expectation. Harvey is an idiot that cant read. Go to morning star and go to the bond section. Almost ALL THIER DEBT IS NOT DO TILL 2019 AND 2020 AS THE LATEST PRESS STATED . IF oil don't stay down for two years this will be a 5 to 10 banger. 'technical default' is a scare by little shorty that cant read- *** DEBT- lnco Senior Note Exchange Agreements- announced today that LINN has entered into a series of privately negotiated transactions to exchange an aggregate principal amount of $2 billion of the Company’s senior unsecured notes (the “Unsecured Notes”) for an aggregate principal amount of $1 billion of newly issued senior secured second lien notes (the “Second Lien Notes”). These exchanges are expected to improve LINN’s balance sheet and reduce interest expense. “These exchanges result in a material debt reduction and also improve our cash interest expense by approximately $16 million per year.” Strategic advantages of these exchanges:
TRUMP says , IM rich I can screw, cheat, lie my way to the top and the GOP is stupid enough to vote for #$%$ .