DDDdaaa like drilling wells close together???? Like new pumps that go on and off??? Like chemicals??? delivery of water , waste and oil pipes??/ New drilling horizontal and methods??/ They all make the break even lower and companies can lower cost..... Including this one. Lower prices will nurture new uses...... More uses bring more demand.
Why sell toward the bottom. They will get more for their properties and stock later. Only an IDIOT in my books is not buying here and at 1.2. With that many assets and base they can wait as from here I feel it only gets better.
The PPS has fallen of the charts. I would guess a technical rally is in order. WOW, this could make you look like a genius or fool. I think its time to buy.
That is when BUFFEDT would pull the trigger. He has been silent on oil. he loves ENERGY and might show us the way very soon. He has loved his WIND and GREEN energy but theses oil stocks have to getting his attention.
I OWN LRE MCEP and MEMP. The sector is cheap to history and the cycle will come around . The middle east and Europe events are not in play yet. The markets are crazy thinking oil will stay cheap for over a year. Its going to give us all a good return.
The industry will see normal levels again. This is the cream of the crop. Mergers are about to make us all a lot money. Blue chips stocks this low is rare.
the chart is clear also. Look at the max chart and the 09 sell off. The rebound is mind boggling. The fundamentals , Technicals and cycle will prove rewarding indicators.
I think its ready to rally again also. Many oil indexes and oil companies Technicals show buy signals. They have sold off of their previous rallies and the bounce is in order to asset bases. The 50 and 200 moving averages are coming together. World events favor oil and uncertainty.
ITS ONLY WORTH 4 DOLLARS RIGHT NOW!!!!!!!!!!!!!! 6 TO 8 AT NORMAL TIMES. wHAT MORE SHOULD WE WANT? iTS LIKE BARGAIN BASEMENT TIME. mERGERS ARE GOING TO HAPPEN SOON. The bashers even say they could last at least 3 to 4 more years with their asset base. They could sell land not in use, offer shares, let time create more alternatives war, higher oil, buy out, disaster , normal cycles........ The shorts want you to believe the world for oil is ending. I don't think so.
- 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 … Magnum Hunter's two core assets, the ~202,000 net Marcellus and Utica acres, and its stake in the Eureka Hunter pipeline. The corporation does in fact have properties that should be valuable, including a substantial ownership interest in the Eureka Hunter pipeline. Credit Suisse, reiterating a Neutral rating on the stock in a June 4th report, values the company's assets:
Our $2 price target for MHR is based on our proved developed plus projects net asset value ("NAV") estimate, which is based on long-term prices of $80.00 per barrel oil and $4.50 per millionthat Btu (MMBtu) in 2020 and thereafter. Even the bashers and shorts realize the company’s 4 to 6 dollar assets…. Depending on low land prices now VS normal levels.
Shorts are about out of time with gas/oil being kept low , as time favors higher levels. The stock is coiled to jump as Magnum Hunter's liquidity initiatives will provide an upswing. – Then unlimited gains can be enjoyed with appreciation of the stock. We are about to see the fire from a little spark- the M&A market will heat at these low historic levels. Good news for small and large energy related names. The company has assets that look good to creditors and bigger companies in the industry. Offering more share is also an alternative. 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 Break even looks about $4 natural gas and $70 oil. *** 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 $100 million will focus predominately on high return areas in the Appalachian Basin Closed Calgary and Denver offices in January of 2015 with substantial overhead reduction Moving Houston Headquarters to Dallas April 1, 2015 to further reduce G&A Continued emphasis on G&A reductions with asset sales coupled with a decreased reliance on third-party consultants
GST is one of the better players as they break even before most players. Barrel oil eqivilent break even at 24$….....Arex 31$ and many at 35$...GST and many more can produce cheaper then the middle east.....pumps ,technology, chemicals, piping, service is changing for lower cost..... Its the middle east that will destroy itself with civil unrest with out high oil. Keep GST for the take out cheap play,
By that time many ethanol refineries will be using the GIFT technology and it will be coming down from 10 dollars.
I trust no one. More noise from SA and OPEC every time oil rallies. I believe the Middle East needs a lot higher oil then what it is priced today. People are talking about Dividends, stocks appreciations and risk. MEMP has a great dividend but can only double at best. I am here for the chance of a triple in time. (giving oils rebound to normal range or 80/barrel ) . I don't see IRAN sanctions being lifted any time soon. I see WAR with better odds. I see technology, pumps, chemicals , delivery and pipe OIL/WATER dissolution , new clumped wells, and cost coming down. I see the middle east spending much more on defense and civil unrest then profits on oil. I say America wins as they shut down un profitable wells and go to the low cost hedged rigs . Cutting production to hedged amounts. The reserves have asset values that can be backed by speculators and the industry..... We are at 60 $ WTI just two months after the 20 dollar oil bets. I will stay invested for a long time with a good shot at a double . Will the middle east last with war in most of the countries and spending twice what they make on security, revolution and Americas defenses. Most these companies have come back from the dead time and time again. Some companies have the collars working capping highs and securing a minimum price. I like a dividend but many of these will at least double and a few could quadruple.
People have done their home work on this one. The ethanol plants of the past can be converted to money making assets. The GIFT program could have news at any time. Its to risky not to be long. This stock is not one to use Technicals right now as it was un heard of a few months ago. The volume has been in the last few months.
institutions almost own all of this stock. Shorts are crazy........ this is going up this morning. When it takes off this could be very interesting.
The shorts are getting spanked. I tried to tell them about the ethanol conversiond....... With GIFT the unproductive plants can turn positive and make jet fuel or solvents
You clump SA ,Egypt with the rest of OPEC that are broke and can not keep piece and order with out 60 dollar oil. Most these companies will scale back and are hedged. These good companies will come back strong. The just released inventory stock pile news proves most are wrong.