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Triangle Petroleum Corporation Message Board

rchites 497 posts  |  Last Activity: Nov 25, 2015 7:30 PM Member since: Apr 12, 2004
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  • Reply to

    They're Back!!!!!!!!!!!

    by harvykuenn Nov 25, 2015 10:15 AM
    rchites rchites Nov 25, 2015 7:30 PM Flag

    ignorance is the one that thinks this has no future or is going BK.

  • rchites rchites Nov 25, 2015 3:22 PM Flag

    gapping up soon

  • Reply to


    by xvxxxvvv Nov 25, 2015 3:16 PM
    rchites rchites Nov 25, 2015 3:20 PM Flag

    cover like smart buddies

  • Reply to

    Chesapeake Is Focusing on Cash-Flow Generation

    by wallpack123 Nov 25, 2015 2:37 PM
    rchites rchites Nov 25, 2015 3:19 PM Flag

    that makes this the one to buy a lot of

  • Reply to

    They're Back!!!!!!!!!!!

    by harvykuenn Nov 25, 2015 10:15 AM
    rchites rchites Nov 25, 2015 1:04 PM Flag

    hey idiot I have been here losing money for some time. It will bottom and bounce eventually. Its a lot closer to the bottom then the top. IF YOU are an idiot and believe this is going belly up you need financial and medical help.

  • rchites by rchites Nov 24, 2015 11:43 PM Flag

    Sanchez Energy Corporation is an independent exploration and production company focused on the acquisition and development of unconventional oil resources in the onshore U.S. Gulf Coast, with a current focus on the Eagle Ford Shale in South Texas where we have assembled approximately 207,000 net acres, and the Tuscaloosa Marine Shale. Houston-based Targa Resources Partners (NYSE: TRGP) and Sanchez Energy Corp. (NYSE: SN) have entered a 50-50 joint venture agreement to construct a cryogenic natural gas processing plant in La Salle County, Texas. We also recently announced a JV with Targa to build a cryogenic gas processing plant expected to have initial capacity of 200 MMcfd and associated high pressure gathering pipelines near our Catarina asset in the Eagle Ford Shale.
    The Company's liquidity remains strong with a current cash position in excess of $450 million in addition to this completely unused bank credit facility. We expect to fully fund our 2016 capital program through cash on hand and cash flow from operations without drawing down on the Company's revolving credit facility and would expect to enter 2017 with a positive cash balance." N SUPPORT- SN was in 16 hedge funds’ portfolios at the end of September. There were 14 hedge funds in our database with SN positions at the end of the previous quarter. Gregory Fraser, Rudolph Kluiber, and Timothy Krochuk’s GRT Capital Partners had the most valuable position in Sanchez Energy Corp (NYSE:SN), worth close to $8.7 million, amounting to 2.3% of its total 13F portfolio. The second-largest stake is held by Seth Klarman of Baupost Group, with a $6.2 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Remaining members of the smart money with similar optimism comprise Steve Cohen’s Point72 Asset Management, William C. Martin’s Raging Capital Management, and Legg Mason Capital Management. Asset Management had $5.3 million invested in the company at the end of the quarter. Raging Capital Management also initiated a $4 million position during the quarter. The other funds with brand new SN positions are Noam Gottesman’s GLG Partners, Marc Lehmann’s Riverloft Capital Management, and Peter Muller’s PDT Partners.
    HEDGING - As of September 30, 2015, the Company has hedged approximately 62% of estimated natural gas production for the fourth quarter 2015 based upon the midpoint of guidance in the form of swaps, three way collars and enhanced swaps. Gas hedging for 2016= 14,640,000 MmBTUs . Oil hedged for 2016- 2,562,000 BBLS at 70$ Swaps , collars , puts . "In addition, during the fourth quarter Sanchez Energy entered into additional derivative contracts covering anticipated future gas production in 2016 and 2017. As of November 19, 2015, Sanchez Energy has approximately 6.6 million barrels of anticipated crude production and 35.3 Bcf of gas production for 2016 hedged, or approximately 12,471.7 MBOE (34,076 BOE/D), which represents approximately 68% of its anticipated total 2016 production at the mid-point of its 4Q 2015 guidance range. Further detail regarding current hedges for anticipated future production is included herein."

  • rchites by rchites Nov 24, 2015 11:34 PM Flag

    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.

  • Reply to

    Let's Be Real

    by maxwelton75 Nov 24, 2015 1:19 PM
    rchites rchites Nov 24, 2015 10:22 PM Flag

    ---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.

  • Reply to

    As I don't understand hedging

    by last2cents Nov 24, 2015 1:25 PM
    rchites rchites Nov 24, 2015 10:10 PM Flag

    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.

  • HEDGING - LINN has hedged approximately 100% on expected natural gas production through 2017 at an average price ranging from $4.48 to $5.12 per MMBtu. 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. *** DEBT- lnco - 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:
    • Reduce total debt by $1 billion,
    • Decrease annualized interest expense by approximately $16 million;
    • Reduce the nearest senior unsecured debt maturities (due in 2019) by approximately $1.4 billion, or 53 percent, subject to the potential Springing Maturity of the Second Lien Notes; and
    • Preserve $500 million of second lien capacity for potential future issuance of new secured debt.

  • Reply to

    Southcoast Upgrades

    by eaglerfordguru Nov 24, 2015 9:29 AM
    rchites rchites Nov 24, 2015 5:01 PM Flag

    This is a must buy down here. It's priced for BK and the disconnect from realty should make the stock fly. The stock should be noticed today as a top performers. This and others in the sector just have to survive and this one has a huge chance for out standing gains.

  • Reply to

    Southcoast Upgrades

    by eaglerfordguru Nov 24, 2015 9:29 AM
    rchites rchites Nov 24, 2015 12:40 PM Flag

    Wow, nice as we explode to the upside

  • Reply to

    Nice to be back to 75 cents

    by md841 Nov 24, 2015 12:35 PM
    rchites rchites Nov 24, 2015 12:38 PM Flag

    That could be today. It'd looking strong. It has a lot of ground to make up. Hold on

  • rchites rchites Nov 24, 2015 12:12 PM Flag

    He is right. You are valueless and clueless. Options, saddled, puts and year over year hedging in the past as these guys are masters at the game. Your am idiot and don't know the company. They buy older fields and partner for fields that are well established . most companies want the first few years of easy oil
    . lnco can use their technology to get tough oil and they over hedge at times. The critics say , over hedging in the past, now it is consider ed,,,job well done. Their are many ways to hedge. These shorts are due for a squeeze. The for you to go. Your smarter friends are going

  • Reply to

    Time to start nibbling?

    by gwberger1955 Nov 24, 2015 9:55 AM
    rchites rchites Nov 24, 2015 12:01 PM Flag

    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

  • Reply to

    Time to start nibbling?

    by gwberger1955 Nov 24, 2015 9:55 AM
    rchites rchites Nov 24, 2015 11:55 AM Flag

    You are an idiot. They can hedge and create all kinds of stradles, options , for supporting the oil. Are you a grown up or idiot. Go to morning Star as they are putting the debt further out. Being short is one thing but stupid and giving false info is another. Are you saying you don't think banks will work with them? Many companies are in default and its not unusually. This does not mean they can't pay it off in time. The market and industry is down and most are loosing money. Are you need to investing? It'd called bottom fishing and capitalizing on the week sector as in once in a lifetime opertunity.

  • rchites rchites Nov 23, 2015 5:12 PM Flag

    Must buy

  • rchites rchites Nov 23, 2015 5:01 PM Flag

    The markets are high and rae materials and oil are the only games in town ready to doubles

  • Reply to

    LNCO/LINE Spread.

    by ronharv Nov 20, 2015 7:47 PM
    rchites rchites Nov 23, 2015 4:56 PM Flag

    My 401 won't let me by line. Only lnco. The company pays the taxed instead of passing then to ,,,( the holders). Lnco was created for that purpose and know clows say its bad. This will be very bad for shorts soon enough

  • Reply to

    LNCO/LINE Spread.

    by ronharv Nov 20, 2015 7:47 PM
    rchites rchites Nov 23, 2015 4:53 PM Flag

    Similar questions were asked at the conference call and it was no problem and none event. I'm sure it's shorts placing fear. What is a fact as this is way to cheap. It is coilef and ready to jump up

0.80-0.02(-2.44%)Nov 25 4:02 PMEST