Earnings growth (last year) +927.78%
Earnings growth (this year) +62.92%
Earnings growth (next 5 years) +17.50%
Revenue growth (last year) +40.66%
P/E ratio 2.5
Most oil producers are cutting back. The good ones are hedged and can pull back to the hedged amount. This is common and the supply will be used up as part of the pattern. Projected 2015 oil volumes 64% hedged at a weighted average floor price of $82.38 . Its common for the production cost to be around 30 dollars a barrel.
Take a look at Moore's picture of a fat butfoon trying to make press any way he can to stay alive in the press, like a shock jock. This is how he makes his living. WHO WANTS to glorify war? NOBODY I know. Its more of a reality that takes strong leaders and heros. Just ask any troops on the ground knowing a REAL big brother is watching them. ASK Moore if he was in IRAQ if he wanted his support. Moore was out of line again . He asks some of the difficult questions but goes out of bounds here with an obvious out of bound free throw. Only he would be stupid enough to think it could score.
ya you need to say he was a pinheadedfatslobblog who would slap the very people who allow his self serving rants of granger and fame seeking , naderistic shallow points of view take life.
GOT KOCH brothers money also like ERNST? RYAN, WALKER ? Why do I pay for his pipeline? Why the lies about who prosper?
somebody has to pay for the give a ways to KOCH.
You republican idiots spent millions of hours on a birth certificate or the Benghazi attack press. How many wars has Obama avoided? How many wars would we be in with a republican president and McCain backed retardism. Benghazi ? Only a half baked gun toting greed motivated gayofag want to bomb and destroy the Benghazi area to soften it enough for helicopters. That would have changed the whole direction of the coalition building Obama has done to fight ISIS. Are you slow or just a bigot?
SO ,,,, What was MOORES point? Snipers are not effective-Know. Being the first in one in hostile territory and back your team is not noteworthy? we should let IRAQ soldiers kill our boys? Taking key players out in warfare is not a strategy? Kill Iraq soldiers or ISIS with kindness? Pilots , drones, mortars, rockets , bombs kill at long ranges. His point must have been, There was one person in his family with a back bone? is he so simplistic to believe Only fist should be used in war? MR Moore, We will win and be effective at war. All tools will be utilized and hero's will be made. Drones are a new generation sniper. With out them terrorist would be in your city. The word Hero should never come out of his mouth.
I am watching Marias opening bell today. CNBC is geared to the investor and stocks in which I like. I got tied of Joe Vernon rants against the middle class. I switched the channel today ..... I like seeing Maria and missed seeing her and Mark Hanes in the morning. I will watch FOX opening bell a little more.
one thing I will never miss is seeing all those KOCH brother made senators on CNBC. ITS like one big advertisement and lobbyist effort on their part.
Bakken fracking cost more per barrel and will shut down. This has eight operating basins, including the Arkoma Basin in Arkansas and Oklahoma; the Permian Basin in West Texas and New Mexico; the Big Horn Basin in Wyoming and Montana; the Piceance Basin in Colorado; the Gulf Coast Basin in Texas and Mississippi; the Wind River Basin in Wyoming; the Williston Basin in North Dakota and Montana; and the Powder River Basin in Wyoming
In 2013, VNR was the first master limited partnership to issue publicly traded preferred units with its initial 7.875% Series A Cumulative Redeemable Perpetual Preferred Units In total, VNR has raised net proceeds of more than $328 million from three preferred equity offerings
==== At-the-Market Program allows us to systematically sell equity at a much more cost effective means Since December 2013, VNR has raised net proceeds of more than $167 million via common equity and $1.6 million via preferred equity as of 9/30/14 ********* Growing along the way Twenty three strategic acquisitions totaling ~$4.2 bn ~2.3 Tcfe (~390 MMBoe) total proved reserves ~66% proved developed ~32% liquids / 68% gas 2012 Production: 110 MMcfe/d 2013 Production: 212 MMcfe/d 9 months 2014 YTD Production: 302 MMcfe/d 1) Big Horn Basin • Proved Reserves: 127 Bcfe • 85% oil and 96% Proved Developed • 18 MMcfe/d net production 2) Powder River Basin • Proved Reserves: 21 Bcfe • 100% natural gas and 86% Proved Developed • 24 MMcfe/d net production 3) Williston Basin • Proved Reserves: 35 Bcfe • 90% oil and 94% Proved Developed • 8 MMcfe/d net production 4) Wind River Basin • Proved Reserves: 52 Bcfe • 72% natural gas and 96% Proved Developed • 14 MMcfe/d net production 5) Arkoma Basin • Proved Reserves: 373 Bcfe • 82% gas and 57% Proved Developed • 57 MMcfe/d net production 6) Gulf Coast Basin • Proved Reserves: 206 Bcfe • 50% oil and 92% Proved Developed • 27 MMcfe/d net production 7) Permian Basin • Proved Reserves: 255 Bcfe • 45% gas and 84% Proved Developed • 45 MMcfe/d net production 8) Piceance Basin (1) • Proved Reserves: 502 Bcfe • 75% natural gas and 94% Proved Developed • 97 MMcfe/d net production 9) Green River Basin • Proved Reserves: 765 Bcfe • 79% gas and 45% Proved Developed • 117 MMcfe/d net production Great Management Team- and years of experience. Making the right moves along the way- Ensure Distribution Coverage- Improve investors’ confidence in our ability to continue proven track record of maintaining current monthly cash distribution Focused on achieving adequate rates of return on our development capital program; remain flexible and reallocate capital as appropriate during 2015 Oil development capital focused on high return recompletion projects; however, expect that majority of capital will be spent on higher rate of return natural gas drilling opportunities 2) Reduce Leverage- Prudent stewards of balance sheet Utilize 100% equity to purchase assets from private sellers Opportunistically use at-the-market equity program, which is not disruptive to unit price and less expensive 3) Continue to Make Accretive Acquisitions- Take advantage of significant opportunities in 2015 Large inventory in the U.S. of mature oil and natural gas basins which provide significant opportunity for future growth and consolidation Alternative financing strategies are being considered although we will not rule out an equity offering if the acquisition returns are compelling Access to a significant amount of capital with ~$635 MM in current liquidity as of 11/30/14
Scott W. Smith President and CEO
• Ensource Energy • The Wiser Oil Company • San Juan Partners
33 yrs. Experience
Richard A. Robert EVP and CFO
• Enbridge USA • Midcoast Energy Resources • Various energy-related entrepreneurial ventures
26 yrs, Experience
Executive Vice President of Operations
• Anadarko Petroleum • Greenhill Petroleum • Mobil
29 yrs, experience
Mark Carnes Director of Acquisitions
• Synergy Oil & Gas • Petromark • Torch Energy Advisors
36 yes experience
Chris Raper Land Manager
• Synergy Oil & Gas • Amoco Production
34 yrs, experience
Rod Banks Marketing Manager
• Apache Corporation • Mariner Energy • Producers Energy Marketing
33 YRS experience. COMMON UNITS 83.9 MM
PREFERRED UNITS 13.8 MM
EQUITY MARKET CAP $2,116
TOTAL DEBT(3) $1,910
ENTERPRISE VALUE $3,953 Extensive experience in acquisition integration, development and operation of oil and gas assets *** Strong Credit Profile and Liquidity They are not Not outspending cash flow Commit- to maintaining long-term leverage of 3.0x Debt/EBITDA Supportive bank group
Security with Active Hedging Program Past performance and delivery of continuously optimizing existing portfolio
Disciplined Acquisition Strategy and not Don’t overpaing y for assets At this PPS it’s a bargain Focus with the assets that enhance current portfolio. As they have, Efficiently manage the assets with focus on maintaining cash flow levels . THEY HAVE – A High Quality, Low Risk Asset Portfolio which is a screaming buy down here today. Geographically diverse with a Proven geology in existing infrastructure of mature US Basins . These are basins Low capital requirements to maintain cash flow.
11/20/14 11/26/14 12/01/14 12/15/14 $0.2100 Cash, monthly
10/20/14 10/30/14 11/03/14 11/14/14 $0.2100 Cash, monthly
09/19/14 09/29/14 10/01/14 10/15/14 $0.2100 Cash, monthly
08/19/14 08/28/14 09/02/14 09/12/14 $0.2100 Cash, monthly
07/16/14 07/30/14 08/01/14 08/14/14 $0.2100 Cash, monthly
06/24/14 06/27/14 07/01/14 07/15/14 $0.2100 Cash, monthly
05/20/14 05/29/14 06/02/14 06/13/14 $0.2100 Cash, monthly
04/17/14 04/29/14 05/01/14 05/15/14 $0.2100 Cash, monthly
03/17/14 03/28/14 04/01/14 04/14/14 $0.2100 Cash, monthly
02/02/14 02/27/14 03/03/14 03/17/14 $0.2075 Cash, monthly
01/16/14 01/30/14 02/03/14 02/14/14 $0.2075 Cash, monthly
There are some interesting points concerning Vanguard's forecast production numbers. For 2015, 70% of production will be natural gas, 15% natural gas liquids - NGLs - and 15% crude oil. **,Vanguard has 70% and 81% of its respective oil and gas production hedged. AND, Of the portion of production comprised of crude oil for next year, 70% is hedged to an average floor price of $91.95 per barrel.
Vanguard is focusing its remaining 2014 capital expenditure budget very heavily on gas, with 63% of its fourth-quarter budgeting targeting the gas rich Green River basin and only 18% of funds going to the oil rich Permian Basin.
Less exposure to oil than either Linn Energy or Breitburn, I think Vanguard's distribution cut may be more along the lines of a 33% to 40% cut. This would bring Vanguard's 2015 yield to a still generous 11.3% to 12.5% on today's price. Also the PPS should have fared better.
The stocks have been destroyed and down 80% by manipulations and doubt about oil in the Long term. The short term is secured and over sold by any measure. The biggest risk to buying these MLPs (LINE,BBEP,VNR) today are that oil prices could remain weak for several years and natural gas prices might also continue falling. This is highly unlikely as nobody makes money and the companies are setting rigs aside.
Experts are calling for higher gas and oil and best way for long-term investors to position themselves to profit from crude's eventual recovery is to stick with large, well-managed MLPs like Breitburn Energy Partners, Vanguard Natural Resources, Linn Energy, and its non-MLP alternative, LinnCo. All four are well protected by sizable hedging,
The market is overlooking the hedges. People should buy the panic and blood. Our properties are located in the Permian Basin in West Texas and New Mexico, the Big Horn Basin in Wyoming and Montana, the Arkoma Basin in Arkansas and Oklahoma, the Williston Basin in North Dakota and Montana, Mississippi, and Sout
Sorry for your bad luck as many sell the bottom. I think it is at resistance and always goes up on three down days. The stocks have been destroyed and down 80% by manipulations and doubt about oil in the Long term. The short term is secured and over sold by any measure. The biggest risk to buying these MLPs (LINE,BBEP,VNR)
Denbury Resources Inc., is a growing, dividend-paying, domestic oil and natural gas company with 468.3 MMBOE of estimated proved oil and natural gas reserves as of December 31, 2013, of w hich 83% is oil. 2015 guidance- In keeping up with current events with the fall of oil price- Reducing capital spending by 50% in 2015 to $550 million
• Targeting relatively flat production for 2015
Increasing annual dividend rate by 60% to $0.40 per share in 2015 The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income increased by 163.3% when compared to the same quarter one year prior, rising from $102.05 million to $268.75 million.
The debt-to-equity ratio is somewhat low, currently at 0.67, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels.
• PLANO, Texas, Dec. 10, 2014 (GLOBE NEWSWIRE) -- Denbury Resources Inc. (NYSE:DNR) ("Denbury" or the "Company") today announced that it has entered into a new five-year revolving credit facility which amends and restates the Company's prior facility that was set to mature in May 2016. The company's strengths can be seen in multiple areas, such as its increase in net income, reasonable valuation levels and good cash flow from operations..
• Book value of 15.3 – With 101 % of the stock owned by institutions. The ten per cent Shorts will have a hard time getting shares. The stocks high was 18 dollars and now has been manipulated down to their lows. When oil stabilizes this will be a good runner.
Our primary focus is on enhanced oil recovery utilizing CO2, and our operations are focused in two key operating areas: the Gulf Coast and Rocky Mountain regions. Since CO2 EOR is limited to areas with large CO2 quantities, our ownership of significant CO2 resources and pipeline infrastructure needed to transport CO2 gives us a significant competitive advantage in the areas in which we operate. We have chosen to utilize and maximize our strategic advantage, and therefore have made CO2 EOR our core strategy and business. we expect to grow our regular annual dividend rate to between $0.50 per share and $0.60 per share in 2015 and at a sustainable rate thereafter. . The milestones we have attained since late 2012 include: completion of the 20-inch Greencore Pipeline in Wyoming, our first CO2 pipeline in the Rocky Mountain region; the first receipt, delivery, and injection of CO2 into Bell Creek and Grieve fields; the first tertiary oil production at Bell Creek Field; and the completion of an interconnect between a third party’s CO2 pipeline and our Greencore Pipeline, which allows us to transport our CO2 volumes from ExxonMobil’s Shute Creek gas processing plant to Bell Creek Field. With tertiary production now established and growing in the Rocky Mountain region, we look forward to the continued expansion of our tertiary operations in the region, at both Bell Creek Field and Grieve Field. Proven- CO2 EOR is one of the most efficient tertiary oil recovery methods, delivering almost as much production as each of primary and secondary recovery. To date, Denbury has produced over 100 million barrels (gross) of oil from CO2 EOR.
Large portfolio and low risk growth- Our long-term growth strategy is focused on our CO2 tertiary recovery operations, made possible by strategic acquisitions & infrastructure developments. We have a substantial asset base with excellent visibility on long-term production growth.
THE EDGE- The acquisition and construction of strategic assets has yielded a competitive advantage: large amounts of naturally occurring and man-made CO2 supply, over 1,100 miles of CO2 pipelines and a large inventory of oil fields.
CO2 EOR is a proven method to extract significant additional amounts of oil from mature oil fields. The unique production profile of CO2 EOR projects allows for the generation of substantial amounts of free cash flow after the up-front investments are made in CO2 supply, pipelines, and facilities to initiate them.
A Premier Growth & Income Company