Its BS about not making money under 80 dollars...... Most figure in all kinds of cspx and spending...... Most put in extra R and D.... Buying property, machinery and the writing off of ewuiptment........ Its closer to 65 and 70 were they break even...... They don't run the expensive wells....... They all can re hedge......the beats are you talking like clowns is the best sign of a good rally
Barron's said many are profitable and will expand over 70 dollars....
Many are not profitable because of expansion ,,capx only..... They expand over 70 $$$$... Some Barron's piece said male mony at 65$$$$$$$.... Every company is different but most have scaled down to their profitable wells.......Barron's Monday edition
they shot at a tanker two days ago. I bet we have a major problem in less then a month. Some thing will happen. the company just got 100 million credit facility........ They are looking for a half off sale to make the assets look better..... The book value could go way up soon.
Magnum Hunter Resources is an exploration and production company focused in two ***of the most prolific unconventional resource shale plays in North America; the Marcellus and Utica Shales of West Virginia and Ohio Redirected reserve and production focus to natural gas from oil over the last two years (80% natural gas, 10% ngls and 10% oil) Current management team assumed leadership of the Company over 5 years ago in 2009 and has decades of combined energy industry experience *** Appalachian focused asset base provides the Company with the flexibility to allocate capital to the highest EUR properties within the portfolio *** Achieved “Shale Scale” with significant acreage positions in the Appalachian Basin Ownership in a ~175 mile gas gathering system located in the Appalachian Basin Significant insider ownership of management aligns with shareholder interest ****2015 estimated production anticipated to increase ~77% - 101% compared to 2014 ***Track record of proved reserve growth since inception • Approximately 869.2 Bcfe of proved reserves at March 31, 2015 (75.3% natural gas) - up 73% year over year)
• Expect to significantly increase proved reserves in the Utica Shale during 2015 due to new production pad drilling • The Company’s reserve life (R/P ratio) of its proved reserves based on current production is ~8.5 years • The Company replaced ~266% of its 2014 production with reserve additions
**************Proved Reserves (Bcfe)(A) Proved/3P Reserves ***Future proof- == Extensive inventory of low-risk development drilling locations in the Marcellus Shale and Williston Basin Significant exploration potential in the wet/dry gas window of the Utica Shale in Ohio and West Virginia **** Total Non-Dilutive Liquidity Additions of Up to ~$237 Million The best financial result of great previous grouth and EBITA average growth of over 300% YOY. Fundamental strategy==== Capital spending driven by rates of return across all operating areas 2015 capital budget of $100 million will focus predominately on high return areas in the Appalachian Basin Closed Calgary and Denver offices in January of 2015 with substantial overhead reduction Moving Houston Headquarters to Dallas April 1, 2015 to further reduce G&A Continued emphasis on G&A reductions with asset sales coupled with a decreased reliance on third-party consultants Maintain manageable credit ratios and liquidity while managing growth Second Lien loan structure protects against potential borrowing base reductions due to commodity prices Raised a total of $180 million of new common equity in 2014 Closed on over $210 million of non-core asset divestitures in 2014 Potential additional non-core asset divestitures Goal is to ultimately simplify balance sheet Maintain an active hedging program to support economic returns and ensure strong coverage metrics Target rolling 50% hedging program one to two years forward – will hedge further opportunistically Current natural gas hedges in place provide ~$4.09/MMBtu on ~20% of estimated 2015 production Focused on divesting non-core assets to redeploy capital into Utica / Marcellus Proven management and technical team in place committed to proper capital allocation for future growth
-Successful proven track record in the development and highgrading of key resource plays in the US
- Improved balance sheet ($180 MM of new Equity) and over $210 MM of non-core divestitures completed in 2014
- Sold over $700MM in oil properties over the last two years
-Substantial decrease in G&A due to Appalachia focus
- Continued focus on operational efficiency and net margin expansion
- Commitment to best practices regarding financial and operational procedures
Blackrock is not alone. The emergence of a proxy battle at Gran Tierra Energy Inc. prompted an upgrade of the stock to buy from neutral at Dundee Capital Markets.
Toronto-based hedge fund West Face Capital, which owns 9.8 per cent of Gran Tierra, wants to get rid of the chief executive and plans to nominate six new directors to the board at the company’s AGM on June 24.
West Face’s choice to lead the company is Gary Guidry, who along with his team purchased 2.5 million Gran Tierra shares worth $8.6-million. Dundee analyst David Dudlyke said this is a clear signal of their intent to both investors and the existing management team.
This is positive for shareholders,” he told clients. “This catalyst offers to unlock such latent value, either directly or indirectly.”
many funds and private companies are buying depressed assets. EVEN stronger players are increasing their asset base with buying assets down 75% from normal levels. They can get credit easier with a bigger undervalued base. This is just the start.
Guaranteed They will be around to be worth 3 times more in a few years. You can talk value now , guaranties and the historical cycles. I would rather spend my time buying more. On May 5, 2015, the Company monetized the value of its remaining 2015 oil derivative contracts for total proceeds of approximately $4.6 million. Subsequently, Abraxas entered into collars for the periods from June 2015 through December 2015, on 2,000 Bbls/d with a floor of $55.00 and a ceiling of $70.00. The Company also added 1,000 Bbls/d for 2016 in a three way collar with a ceiling of $71.00, a floor of $60.00 and a sub-floor of $45.00.
Only an idiot would use EBITA is these dire market conditions. Your twisted use of numbers is only out done buy your bearish way of relating to numbers while the macro events seam to be turning positive. The flaw is not using information from directly from legal filings found on the sec website or even YAHOO. Its Your bitter analysis and assuming the worst as gospel. I have seen twisted shorts trying to legitimize their short positions with irrelevant dribble before. Those who lie daily with out a case.
jimjones62 is Another braindead idiot who has made many false claims here. His post should be viewed as flawed and biased to screwing people . •Increased total revenue to approximately $38.1 million in the first quarter 2015 compared to approximately $27.4 million in the first quarter of 2014
•Adjusted EBITDA of approximately $6.1 million in the first quarter 2015 compared to approximately $12.1 million in the first quarter 2014
•Distributable Cash Flow ("DCF") of approximately $3.9 million in the first quarter 2015 compared to approximately $7.4 million in the first quarter 2014
•DCF per unit of approximately $0.24 per common unit resulting in a coverage ratio of 1.2x, which reflects the declared distribution of $0.20 for the first quarter of 2015
These small caps don't correlate 100% with the spot oil price and futures. I have also noticed several times. They get hurt when oil goes down and don't always go up with oil. Other times they shoot up 10%. REN looks to be ready for a 10% day.
Sun Trust Rbsn Humphrey knows how the game is played. PACD is talking about acquiring a company. Many strong companies are looking at and for depressed companies under book value. Its a way to increase their borrowing base and grow their market position. Just like BUFFET.
The difference is many companies expanded when the companies were valued 85% higher. Buffet buys the blood in the street also. Buying assets 50 to 75% off is not bad. EITHER these strong companies buy or the debt is picked up by private equity groups. The company knows what they are doing. Bringing in that many assets only improve our position. People are very short sighted when using the dilution. Usually a short is behind the word.
the whole industry is near their lows...... from the oil rebound and the CEOs comments they believe the worst is over. The Clowns at Guggenheim want in cheaper. The have many funds having bonds in them and will be loading. This is to good to pass up and they can weather the storm. They have banking commitments.... ITS the last chance to drive this down and they know to buy now. This low 4 was many analyst target to buy............