ANALYST LOVE IT!!!!! Most have it with great market sentiment and a strong buy/.
12/01/15 Canaccord Genuity Initiates Coverage on Buy 2.0
8/14/15 Wells Fargo Initiates Coverage on Market Perform
8/11/15 Imperial Capital Maintains Outperform 2.0
7/14/15 KeyBanc Maintains Overweight 3.5
3/18/15 Global Hunter Upgrades Buy
3/17/15 Canaccord Genuity Maintains Buy 4.0
2/03/15 Wunderlich Maintains Buy 4.0
12/15/14 SunTrust Robinson Humphrey Downgrades Neutral 3.0
12/11/14 Noble Financial Upgrades Buy
12/04/14 Imperial Capital Maintains Outperform 4.0
this company is priced like the ones in financial trouble. IT HAS guaranties and good hedges like a half dozen other oil small caps that are over sold. This is a good stock before the glut and will be again. Carl ICON- purchased shares of Chesapeake Energy chk Buffet’s Berkshire Hathaway Inc. (BRK.A) Reveals $4.48 Billion Stake In Phillips 66. That makes two investors ivesting in Phillips, Dan Loeb and Warren Buffett. Penn Virginia (PVA): Billionaire George Soros owns 8% of this company SandRidge Energy (SD): Billionaire Leon Cooperman owns 9% through his hedge fund Oasis Petroleum (OAS) and Cobalt International Energy (CIE): Billionaire John Paulson has been very bullish on energy stocks, and he currently owns 9.7% of Oasis and 9.9% of Cobalt. Billionaire investor Marc Lasry told CNBC , he sees opportunity in energy stocks, given the recent pullback on plunging oil prices.
Einkorn purchased 980,000 BP Plc shares Kyle Bass's Hayman Capital bought fracking companies. Magnetar, which had over $12 billion in assets bought a stake in Transfer Partners. Jana, an $11 billion hedge fund run by Barry Rosenstein, took a new stake of 725,000 shares in Tallgrass Energy Daniel Loeb's Third Point took new stakes in Devon Energy Corp. and Williams Companies Inc in the second quarter of 3.8 million and 1.5 million shares, respectively. Ben Willis of Princeton Securities sees a chance to buy on that weakness. REUTORS REPORT- indicated that some top value-hunting hedge funds remained bullish on energy stocks in the second quarter of 2015 even as the oil price slump intensified. The A-list funds include Baupost, Greenlight, Jana Partners, Third Point, Magnetar, and Hayman Capital. Pioneer Natural Resources - George Soros owns a $200 million stake in the firm. Other smart money operators like Stanley Druckenmiller and John Paulson are pouring money into the stock as well. DVN , AREX and EGY have wells by Pioneer, other Wolfcamp operators seem to back up Pioneer's claims and Soros. . Boone Pickens is calling for a turn and return to a normal range. Daniel Loeb bought (COG), Plains Exploration & Gas Corp.( PXP ) Stan Druckenmiller , the chairman and CEO of Duquesne Family Office purchased equities of energy companies including Cheniere Energy, EOG Resources and Pioneer Natural Resources in the first quarter. Seth Klarman's Baupost, which managed about $32 billion at the end of last year, increased its stake in Cheniere by 1.5 million shares, the fund also raised its bet on Pioneer by about 900,000 shares to 4.1 million shares, bringing the stake's value to about $564 million at the end of the quarter.
Druckenmiller bought 258,700 shares of Cheniere Energy worth around $20.023 million, 561,600 shares of EOG Resources worth around $51.49 million, and 224,500 shares of Pioneer Natural Resources worth approximately $36.70 million.
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
Many could go BK but many like GST, HK, BBG , SYRG, WLL, SN have solid hedges to make there positions a lot stronger. These have been put in the same boat with the others loosing vast amounts of capital with out cash flows from derivatives. . BTE got hit hard as it suspended the dividend as most the industry conserving cash. It could have a technical rally soon. It will instead use that cash to bolster its balance sheet, and will reinstate a dividend when commodity prices recover enough to support it.
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.
I will buy like crazy.............. its hedged for 80 dollar oil next year............ what do you think the others would do if oil went to 80 next year???? This should be at 6 or 7 dollars like most the analyst targets.
Leading DJ Basin acreage position in a Top 5 Basin
Focused XRL development program with demonstrated results
Top-tier operational execution
Financial capacity and operational flexibility to withstand current macro-economic environment , hedging six stack opportunity.............
There are a half dozen oil and shale plays with good hedges and guaranteed returns for 2016. Its best you know the difference. OIL could go up and that would only make some difference but this company has oil hedged at 80$$$$$$$$$$$$$$$$$$$$$$ I will not run scared out of this position........ I have seen the charts of growth quarter over quarter and the guidance/hedging.
The 1Q 2015 report, and the Dec, 2014 energy conference shows the company's considerable hedging throughout 2016-----WEB Corporate presentation… 2015 --- 2016: 6,771 Bbls/d of crude oil hedged at an average price of $80.47/Bbl and 5,000 MMBtu/d of natural gas hedged at an average price of $4.10/MMBtu
2017: 1,872 Bbls/d of crude oil hedged at an average price of $75.61/Bbl
All other factors aside, the oil itself can be recovered reasonably cheaply. Bill Barrett's investors' presentation indicates a 3.5-year payout for wells even in the $50 WTI range, and of course that picks up rather quickly once prices recover beyond that.
This is one company that can compete, the company is pulling oil out of the ground at operational costs of just over $20/bbl, a significant rebound in pricing will cause a significant uptick in the company's asset values now, and help to bolster its revenue stream in the future as its hedges gradually expire. Solid 3Q execution – production above guidance; costs lower – growth every quarter.
3Q15 production exceeded consensus and above guidance; 2015 guidance raised three times this year On track to meet 2015 guidance of 6.3-6.5 MMBoe; 12% greater than mid-point of initial guidance 3Q15 LOE was 30% lower than 1Q15 2015 LOE guidance lowered 8% Delivering improved capital and operational efficiency
Efficiency gains resulting in greater productivity with less capital Drilling days reduced ~40% to an average of 10 days for XRL well “Best-in-class” well drilled in 6.9 days XRL wells costs reduced ~30% to $5.6 million
Excellent liquidity of $462 million, consisting of $113 million of cash and short term investments and zero drawn on revolving credit facility Recently completed asset sales for net proceeds of ~$56 million further enhances liquidity Data room open to sell remaining Uinta Oil Program assets Borrowing base reaffirmed at $375 million Hedges on ~80% of 2015 oil volumes at ~$90 per bbl with favorable 2016 hedges at ~$80 per bbl DJ BASIN________ Large, contiguous acreage position provides substantial development opportunity ~98,188 total net acres in the DJ Basin1 Targeted development of stacked-pay horizons within Niobrara formation Drilling depth of ~6,000’ with ~9,500’ lateral for an XRL well Core and seismic analysis confirms consistent geologic setting across acreage position NR Wattenberg----- Concentrated acreage position allows for efficient and economic development Contiguous acreage position is favorable for XRL development LOOKING FOREWARD 6 stacked pay zones of opportunity- Core analysis confirms geologic position is consistent across acreage position
Niobrara B consistent across entire acreage position Niobrara C consistent across central and southern acreage Niobrara A prospective under northern acreage Initial well drilled with completion scheduled Successful Codell tests drilled on western acreage position Both Bridge Creek and Lincoln Limestone are of proper maturity and have good hydrocarbon saturation********************************************************
Ability to efficiently manage capital program
Maintain operational flexibility with no long-term drilling rig commitments
Generating greater capital efficiency gains through 40% faster XRL drilling times and lower costs
XRL drilling program delivering good early-stage performance
Preferred completion technique with controlled flow back leading to shallower initial declines
Production data validating performance assumptions
NE Wattenberg provides focused extended reach lateral (“XRL”) horizontal development 49,359 net acres in NE Wattenberg1 ~80% of acreage to be developed with XRL wells in 1,280-acre spacing unit
Maintain focus on total operational efficiency to enhance economic returns Significantly reduced XRL well drilling days and completed well costs Improved oil price differentials trending below $7/bbl GUIDING ____________________ ______ GUIDING 2016 Planning Considerations Budgeting process underway to determine proper level of spending2 Planning assumptions: XRL rig can drill ~30 wells per year $5.6 mm XRL well cost Anticipate DJ Basin production growth of 15-20% for 2016 based on 2015 activity levels ~20 net XRL wells can keep corporate production flat Expect final budget to be announced in early 2016 ---------------------
the group is under pressure again today. The stock is nothing like MHR , EXXI, Samsung or others. financially well-positioned with an undrawn credit facility, a notable cash position, and favorable hedges that provide the financial capacity to navigate the current macro-economic environment." We have improved drilling efficiencies, the Company will accomplish its planned activities in the Northeast ("NE") Wattenberg area for the remainder of the year with a one-rig drilling program. The Company will reduce its operated rig count from two rigs to one rig after completing current drilling operations on a multi-well extended reach lateral ("XRL") pad. ***** Bill Barrett Corporation (NYSE:BBG): According to 14 Analysts, The short term target price has been estimated at $ 8.29. The company has taken appropriate actions along the way and sold none core to raise cash. I would say they are in the upper quadrant to the peers and can take advantage as the market turns.
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.
I bought some today also. I am down 5% . I have some a lot higher and this is nothing. When you see this stock make the YAHOO press its very good. Its way under valued. Hedged right and looking good.
marc was smart enough to make money on the way down and back up also. Bzzzz is still lost. I stand to make a lot of mine back buying and almost doubling down again.