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Orion Marine Group, Inc Message Board

rchites 12942 posts  |  Last Activity: 6 minutes ago Member since: Apr 12, 2004
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  • Arabs blew it. Keeping oil high for American know how… We can produce as cheap as the middle East - the advances of American technology. Advanced pad drilling techniques allow frackers to launch five or ten wells in different directions from the same site. New drilling methods, pipelines and water removal. New on/off pumps, drill close for fracking, Chemicals, Smart drill-bits with computer chips can seek out cracks in the rock. New dissolvable plugs promise to save $300,000 a well. "We've driven down drilling costs by 50pc, and we can see another 30pc ahead," said John Hess, head of the Hess Corporation. Horizontal wells and drilling close together. Bank of America says OPEC is now "effectively dissolved" Low oil revolution brings insolvency for governments and riots. Take over target- The industry has had 4 down turns in the last 20 years. ITS a cycle. The big will buy the small and raise companies PPSs across the board. Its started.. EROC, LLR, and others.
    The contract price of US crude oil for delivery in December 2020 is currently $62.05, implying a drastic change in the economic landscape for the Middle East and the petro-rentier states.
    The Saudis took a huge gamble last November when they stopped supporting prices and opted instead to flood the market and drive out rivals, boosting their own output to 10.6m barrels a day (b/d) into the teeth of the downturn.
    Bank of America says OPEC is now "effectively dissolved". The cartel might as well shut down its offices in Vienna to save money.

  • I would but you are to stupid to understand. Recently, the company bought back $599 million in bonds for just $392 million in cash, which is a 35% discount to par value. That brings its bond buyback up to $783 million year to date. Additional debt repurchases could be on the way as the dividend suspension will increase the company's retained cash flow by $450 million on an annualized basis, which it can then plow back into additional debt repurchases. Security ----- Hedged additional oil volumes; oil now hedged ~90% for the remainder of 2015 and ~70% in 2016 Natural gas hedged ~100% through 2017
    Now what: From a practical standpoint suspending the distribution makes a lot of sense because LINN can use the cash to buy back more bonds at a discount. That being said, the company has completely lost the respect of investors DEBT reduction – Cash flow from hedges and No DIVY ###b Grew Q2 2015 average daily production ~1.5% compared to Q1 2015 Decreased Q2 2015 lease operating expenses by ~18% compared to Q1 2015 *** Excess of net cash after total oil and natural gas capital development costs of ~$71 million for Q2 2015, exceeding guidance by ~$90 million ### Increased FY 2015 production guidance ~4% and decreased LOE guidance by ~6% Liquidity- Completed borrowing base redetermination in May  Undrawn capacity of ~$1.5 billion (as of June 30, 2015)(1)  Estimated Fall 2015 undrawn capacity of ~$1 billion( GROWTH_ Finalized the strategic drilling alliance with GSO Capital Partners LP , Agreed to initially commit up to $500 million with 5-year availability . Finalized the strategic acquisition alliance with Quantum Energy Partners (drilling alliance) , coupled with a 1$ Billion acquisition with Quantum. Agreed to initially commit up to $1 billion of equity capital- The company has grown with Grown through 62 transactions for ~$17 billion Large, long-life diversified reserve base (( the beef)
    Total proved reserves ~7.3 Tcfe % proved developed ~80% % liquids ~42% Reserve life-index ~17 years Gross productive wells(2) ~28,000
    The Company currently holds approximately 10,000 net acres in the Ruston area and approximately 20,000 net acres in the Calhoun area, both located in north Louisiana. LINN recently completed a vertical test well in the Ruston field encountering multiple Bossier intervals confirming a continuation of the Terryville field trend onto LINN's acreage position. In addition to proving the prospectively of the Bossier intervals, a deeper Smackover interval was encountered and the Company is currently producing from that interval at initial production rates of approximately 4 MMcfe/d. LINN plans to drill its first operated horizontal Bossier well during the third quarter 2015. In the fourth quarter 2015, the Company plans to drill a vertical test well in the Calhoun area to evaluate the prospectivity of the Bossier and Cotton Valley intervals. ). Dakota (Bakken and Three Forks formations in the Williston Basin) and northwest Colorado ( ). $75-per-barrel range by next year -- could lead to a doubling of both LINN Energy's unit price and LinnCo's stock price. The bigger, much bigger picture, offshore reserves are almost definitely going to be a key part of meeting global demand. It's "when" more than "if." Amore normal oil price in a couple years will explode this to the upside and make investors a hefty gain. HEDGE Hedged additional oil volumes; oil now hedged ~90% for the remainder of 2015 and ~70% in 2016 Natural gas hedged ~100% through 2017

  • Shorts –Bears done ***********Insiders are buying oil . Carl ICON- purchased shares of Chesapeake Energy (NYSE: 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. 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. Insiders were buying at about 40 energy companies by my count. ** Insiders are buying when everyone else is so negative. They know. Including equipment and services insiders purchased $49 million worth of stock in the eight trading days through Aug. 10.
    The short answer is that at its current price, WTI is just slightly above its six-year low of $43.46, reached on March 17. *Barons Monday editio

  • Shorts –Bears done ***********Insiders are buying oil , Carl ICON- purchased shares of Chesapeake Energy (NYSE: 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. 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. WTI is just slightly above its six-year low of $43.46, reached on March 17. *Barons Monday editi

  • We are running again. Three days of solid gains. We are ready for the big days coming. Shorts –Bears done ***********Insiders are buying oil , for the first time shorts are covering with volume. Carl ICON- purchased shares of Chesapeake Energy (NYSE: 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. 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. **** It is too late for OPEC to stop the shale revolution. The cartel faces the prospect of surging US output whenever oil prices rise If the oil futures market is correct, Saudi Arabia will start running into trouble within two years. It will be in existential crisis by the end of the decade. Insiders were buying at about 40 energy companies by my count. ** Insiders are buying when everyone else is so negative. They know. Including equipment and services insiders purchased $49 million worth of stock in the eight trading days through Aug. 10.
    The short answer is that at its current price, WTI is just slightly above its six-year low of $43.46, reached on March 17. *Barons Monday edition Aug 10th gave some strong positive points –, multi-year lows, high dividends, not over valued, true value as the dow has topped-Nasdaq nose bleed areas. Kind of surprise has been norm in the sector. Most companies in the sector surprised to the upside of guidance. People expected the worse. The sector has the highest potential for growth next year in PPS and oil. At the 6 1/2 year lows people are looking the fundamentals, Technicals and sectors viability to reward investors. The historic value may not mean any thing if the sector dies. && The demand must be there at a reasonable cost. In a nut shell I think we have been over pessimistic as usually as we over correct both directions. It comes down to risk assessment frequently used by analyst. We are in a cloud knowing the history and value of the past but not clear of the future as production and availability have changed, the evolution. This is one sector that is not over bought as the market in whole. The bottom of these cycle are very hard to see .

  • They will panic coming onto the close....... This is a real momentum rally... This could double tomorrow

  • Reply to

    that barron's story about

    by pebble16x 2 hours 57 minutes ago
    rchites rchites 2 hours 6 minutes ago Flag

    I listed a half dozen group of billionaire's adding oil this morning. Hedge funds have added and sold..... You can bet they are with this naked short billing rally. The sqeeze is definitely on. This has them panicked

  • ***Insiders are buying oil , for the first time shorts are covering with volume. Carl ICON- purchased shares of Chesapeake Energy (NYSE: 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. 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.

  • do we follow BUFFETS lead? On in a few minutes !!!!!!!!!!!!!!!

  • Venezuela started OPEC..... They are the idiots who out priced their oil with the Middle East to make America shale industry strong. They cut their throats and now are rioting, starving and dying. Social unrest is their future as our technology is laughing at them .

  • Summary- most was acquisition cost and infrastructure building. HEDGING and DIVY bringing in cash flow as they buy debt back 35% cheaper. Billions coming in from hedging and a billion in debt leaving from DIVY reduced. A billion post can not make you smarter.

  • Insiders are buying oil like crazy and the BIG fish buy the small. What is that telling YOU Shorts –Bears done ***********Insiders are buying oil , for the first time shorts are covering with volume. Carl ICON- purchased shares of Chesapeake Energy (NYSE: CHK ) Buffet’s Berkshire Hathaway Inc. (BRK.A) Reveals $4.48 Billion Stake In Phillips 66 **** It is too late for OPEC to stop the shale revolution. THEY blew it and America is fighting bacl!!!!!!!!!!!!! Insiders were buying at about 40 energy companies by my count. ** Insiders are buying when everyone else is so negative. They know. Including equipment and services insiders purchased $49 million worth of stock in the eight trading days through Aug. 10.
    The short answer is that at its current price, WTI is just slightly above its six-year low of $43.46, reached on March 17. *Barons gave some strong positive points –, multi-year lows, high dividends, not over valued, true value as the dow has topped-Nasdaq nose bleed areas. Kind of surprise has been norm in the sector. Most companies in the sector surprised to the upside of guidance. People expected the worse. The sector has the highest potential for growth next year in PPS and oil. At the 6 1/2 year lows people are looking the fundamentals, Technicals and sectors viability to reward investors. The historic value may not mean any thing if the sector dies. && The demand must be there at a reasonable cost. In a nut shell I think we have been over pessimistic as usually as we over correct both directions. It comes down to risk assessment frequently used by analyst. We are in a cloud knowing the history and value of the past but not clear of the future

  • Kind of surprise has been norm in the sector. Most companies in the sector surprised to the upside of guidance. People expected the worse. The sector has the highest potential for growth next year in PPS and oil. At the 6 1/2 year lows people are looking the fundamentals, Technicals and sectors viability to reward investors. The historic value may not mean any thing if the sector dies. The demand must be there at a reasonable cost. In a nut shell I think we have been over pessimistic as usually as we over correct both directions. It comes down to risk assessment frequently used by analyst. We are in a cloud knowing the history and value of the past but not clear of the future as production and availability have changed, the evolution. This is one sector that is not over bought as the market in whole. The bottom of these cycle are very hard to see . The upside sometimes equally elusive. OIL/GAS will always be needed as tied to energy needs in general and power for whole communities/ country's.

  • Reply to

    BOZO BASHER ( WERE'S the BEEF)

    by rchites 9 hours ago

    SUMMORY. USING cash flow to acquire long lived assets and to pay down old assets on the cheap. ( cheap ) meaning assets were routed by 50% from the oil boom leaving huge debt for little. The company is reducing debt 35% cheaper to level the balance sheet. The Hedges, liquidity, growth and debt reduction is there.

  • Recently, the company bought back $599 million in bonds for just $392 million in cash, which is a 35% discount to par value. That brings its bond buyback up to $783 million year to date. Additional debt repurchases could be on the way as the dividend suspension will increase the company's retained cash flow by $450 million on an annualized basis, which it can then plow back into additional debt repurchases. Security ----- Hedged additional oil volumes; oil now hedged ~90% for the remainder of 2015 and ~70% in 2016 Natural gas hedged ~100% through 2017
    Now what: From a practical standpoint suspending the distribution makes a lot of sense because LINN can use the cash to buy back more bonds at a discount. That being said, the company has completely lost the respect of investors DEBT reduction – Cash flow from hedges and No DIVY ###b Grew Q2 2015 average daily production ~1.5% compared to Q1 2015 Decreased Q2 2015 lease operating expenses by ~18% compared to Q1 2015 *** Excess of net cash after total oil and natural gas capital development costs of ~$71 million for Q2 2015, exceeding guidance by ~$90 million ### Increased FY 2015 production guidance ~4% and decreased LOE guidance by ~6% Liquidity- Completed borrowing base redetermination in May  Undrawn capacity of ~$1.5 billion (as of June 30, 2015)(1)  Estimated Fall 2015 undrawn capacity of ~$1 billion( GROWTH_ Finalized the strategic drilling alliance with GSO Capital Partners LP , Agreed to initially commit up to $500 million with 5-year availability . Finalized the strategic acquisition alliance with Quantum Energy Partners (drilling alliance) , coupled with a 1$ Billion acquisition with Quantum. Agreed to initially commit up to $1 billion of equity capital- The company has grown with Grown through 62 transactions for ~$17 billion Large, long-life diversified reserve base (( the beef)
    Total proved reserves ~7.3 Tcfe % proved developed ~80% % liquids ~42% Reserve life-index ~17 years Gross productive wells(2) ~28,000
    The Company currently holds approximately 10,000 net acres in the Ruston area and approximately 20,000 net acres in the Calhoun area, both located in north Louisiana. LINN recently completed a vertical test well in the Ruston field encountering multiple Bossier intervals confirming a continuation of the Terryville field trend onto LINN's acreage position. In addition to proving the prospectively of the Bossier intervals, a deeper Smackover interval was encountered and the Company is currently producing from that interval at initial production rates of approximately 4 MMcfe/d. LINN plans to drill its first operated horizontal Bossier well during the third quarter 2015. In the fourth quarter 2015, the Company plans to drill a vertical test well in the Calhoun area to evaluate the prospectivity of the Bossier and Cotton Valley intervals

  • CAPX was dramatically cut.

  • •Operationally, break-even is likely in the $40/barrel range. Your using all of the cost including acquisition to every thing under the sun. •Because of the hedges, Linn will have decent cash flow under a wide range of oil and natural gas prices for the next two years-with a remarkable 50% of its market cap available in distributable cash flow, at current depressed share prices.
    • Debt reduction- divy,,, the dividend isn't sustainable unless oil prices bounce back to the $70 range.
    •It appears that Linn could survive with oil prices in the $40 range, if they were able to deal with debt. Of course, at that price level, there will be debt problems, but it's good to have some idea of the potential of the company as an operating unit.

  • Reply to

    Energy stocks turning around!

    by mandaksys Aug 28, 2015 10:45 AM

    MPO was up 150% at one time Friday... I DIDN'T sell. I feel there is more profits to come. 200% I might have sold. It dropped to close up 100%. Many of my oil stocks were up 20%. The market loved oil again Friday. Lets hope we continue to get more of our money back.

  • During the second quarter we further increased our 2015 oil hedge position. We have not added any new gas hedges. For the balance of 2015 we now have about 85% of our projected oil production hedged at roughly $72.00 per barrel, and about 60% of our natural gas production hedged at $4.13 per MMbtu.

    Sentiment: Strong Buy

  • How are ya shorts liking it now? They will hold for a fall back. Will the panic happen next week again? You shorts have a good week end.

ORN
7.18-0.05(-0.69%)4:06 PMEDT