I did about the same thing. With all the IRAN news and CHINA economy noise we could have seen the bottom. Time will tell. This makes 3 big up days and the shorts could be forced to back their positions. Lets see if they cover. they could be forced to buy back a lot higher.
shorts are #$%$ as oil over plays in both directions. I don't think they will get a better low. The middle east players but the top 2 or three are going broke. I would look for the ARABS to nibble on these, Then raise oil in cooperation.
HUGE war and we go up 10$ . ARABS growing a brain and buying these up will also double this stock. These stocks would be free for them as they raise oil back up.
I am betting on ARAB money moving in to the USA small oil plays. ITS their way to win using both fronts. They cant keep this below 40 dollars for long were the small caps can survive. OVER 40 and these come into play again. EITHER they pay the piper here and make money in both places or they accept lower oil and split the oil revenue. They will not keep it below 40 forever. These will always be in the background as they got to greedy . The YANKIES just capped their returns and ultimate game plan. They can buy in to our oil fields or face lower oil and give it away tell they bleed to death.
The Arabs are not as bright YET. Smart but not a GENIOUS. They could own the US oil small caps and Arab oil. EITHER we buy them or give it away to the Saudis. They are selling the ASSETS on the EAST coast made with 120$ oil for six years. This run could sell back off like before or it could get a lot more interest and stay. I would guess you wont see 3 dollars here again. SO YOU shorts are the not so bright ones. Anything around 4.5 $$$$ will be bought here fast.
This company would help any bodies books. ITS got a look of ASSETS. They are just to cheap. These assets would help the acquiring company get more loans.
Why wouldn't ford , cat .Cummins , Russia, China, Africa want the companies R&D.... The partnership state they are interested. The JVs are real. Only an idiot would be short hear ad the options say its going to fly. They could buy the company and get it for free when the products and. Certifications are announced. It's going tomorrow then double for their money back. Is it the doubling or tripling being on all continent s that make you mad.
Shorts ready to loose it all back??? How you going to cover as 120% of the stock is in safe hands? Ever hear of SQUEEEEEEZE... Hedging is guaranteed return....
30% shorts Management and large players are buying at these ridiculous low levels ... 120% of the stock in institutional and insiders safe hands New turn around have caught the shorts. Up 26% today !!! There is a dis connect between the share price and the companies stable positions. The stock has been misread by the industry as to Comstock's overall operating position. Our first two re-fracs of producing Haynesville shale wells were also successful and added bonus, Last month, Comstock officials told investors that it could get a 30% return on its new wells even with gas at $2.50 a million BTUs. The Frisco, Texas-based company plans to drill more wells in Louisiana’s Haynesville than it will in the oily Eagle Ford Shale in South Texas. Technology- Comstock Resources and Chesapeake Energy, among others, have enjoyed huge successes by extending the lateral portions of horizontal wells far beyond what has been done in the past, adding thousands of feet to their lengths. Supersizing fracking operations would allow companies to be profitable producers of shale gas even at the incredibly low prices exhibited in today’s marketplace – below $3 per million Btu (MMBtu). Comstock Resources says it can earn an 8 percent return on gas produced from these wells even when prices are at $2.50/MMBtu.
Liquidity- In March, we completed a $700 million bond offering which paid off our bank credit facility and added liquidity to our balance sheet. On July 22, we completed the sale of our East Texas Eagle Ford operations to a private firm for $115 million. Burleson County properties IMPERIAL Capital- If we consider liquidity risk, quality of properties, as well as quality of operatorship, our favorite low-risk companies remain Carrizo Oil & Gas (ticker: CRZO ), Comstock Resources ,CRK and Synergy Resources SYGR ), to which we would now add Callon Petroleum CPE, medium-risk Gastar Exploration GST and high-risk Goodrich Petroleum GDP. The companies best positioned in the current environment from a liquidity standpoint, in our view, include Carrizo, Abraxas Petroleum AXAS , Synergy, Callon, Jones Energy (JONE). PetroQuest Energy (PQ) and Comstock. Security- We have no debt maturities until 2019 . Pro forma, Comstock has ~$233 million in cash on hand which provides it ample liquidity with which to manage going forward. Comstock no longer has a bank facility that's limited to a borrowing base. GAS hedged. In March, we completed a $700 million bond offering which paid off our bank credit facility and added liquidity to our balance sheet.
PRODUCTION Gas production was up 35% from the first quarter rate of 91 million per day. We expect our Haynesville production to continue growing in the next two quarters. For all of 2015, we estimate our gas production will average between 125 million cubic feet per day to 150 million cubic feet per day. HEDGED - We recently added some natural gas hedges at $3.20 per Mcf starting in July for the next 12 months . We will continue to safeguard our balance sheet and with the recent closed shale of our East Texas Eagle Ford properties we have $283 million of liquidity and have significantly reduced our spending for the rest of the year to conserve this liquidity.
Or other countries? Russia’s state-controlled gas exporters, there is no reason why Russia could not develop a meaningful CNG/LNG fuel market. But, similar in some ways to North America, the NGV value chain just doesn’t have much of a history there. It’s worth noting that Gazprom is actively seeking new outlets for its surplus gas, bearing in mind that the European Union’s aggregate gas demand is near a 20-year low. Put another way, it’s not an issue of trying to be more “green” – Russia already has low carbon intensity per capita – but rather Gazprom aiming to boost the domestic gas market. Gazprom currently has 200 compressed natural gas stations in Russia, with plans to invest in upgrading those stations and constructing new stations to reach a total of about 500 fueling stations by 2020. The company expects CNG consumption to grow from 0.4 billion cubic meters in 2013 to 10.4 cubic meters by 2020.
The CWI ISL G Near Zero NOx natural gas engine was the first mid-range engine in North America to achieve U.S. Environmental Protection Agency ("EPA") and California Air Resources Board ("ARB") Near Zero NOx certification. The ISL G Near Zero NOx engine exhaust emissions will be 90% lower than the current EPA NOx limit. the company introduced the 2016 ISB6.7 G, a 6.7-liter MidRange natural gas engine in the Type C School bus market as well as the Westport High Pressure Direct Injection system for a Daimler heavy-duty engine, in collaboration with Daimler AG DDAIF.
The company also has strategic relationships with three of the world's top four engine producers. Moreover, Westport Innovations regularly makes investments and acquisitions related to technologies and businesses that complement or help in the commercialization of its products.
WPRT is in joint ventures with Cummins and Weichai these provide most of WPRT's revenue . Weichai Westport Inc. (WWI) is a joint-venture between Westport Innovations Inc. (35%), Weichai Power Co. Ltd. (40%), China's largest heavy-duty engine manufacturer, and Hong Kong Petersen (CNG) Equipment Limited holding the remaining 25%.
WWI is based in China and occupies a 20,000m2 site with an annual production capacity of 20,000 engines. The site includes a research and development centre and testing facilities.Weichai Westport Inc. (WWI) develops, manufactures, and sells advanced natural gas engines (and relevant parts and kits) for use in automobiles, buses, heavy-duty trucks, marine applications and power generation.
WWI engines feature advanced engineering and reliable operation with emissions compliance to China III, China, IV or China V standards. The current engines are widely used in city bus, coach, and heavy-duty truck applications in China or exported to other regions globally.
Cummins Westport was formed in 2001 as a 50:50 joint venture between Cummins Inc. and Westport Innovations. Cummins Westport has approximately 60 employees. Engineering and customer support staff are located in Columbus, IN. Sales, marketing, and management staff are based in the USA and Canada.
Cummins Westport Inc. designs, engineers, and markets 6 to 12 litre spark-ignited automotive natural gas engines for commercial transportation applications such as truck and buses. Our dedicated 100% natural gas engines are manufactured by Cummins and available as a factory-direct option from leading truck and bus manufacturers (OEMs). +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Take a look at other plays that could (wake up) all of a sudden. RAW materials (( cheap gas&oil ) infrastructures and pipelines, , or even WPRT that provide natural gas engines. - WPRT is in joint ventures with Cummins and Weichai . The demand is not even seen tell developed and fruition. The demand in energy production could rock the many industries and lower of every good we sell in America. The world always looks at DEMAND as present need and a past comparison. True investors have to see the future. HUGE engines that run of gas (practically free for producers) power fracking pumps that have new technologies throughout the chain. Russia’s state-controlled gas giant Gazprom signed a preliminary market development agreement to expand the use of natural gas vehicles in Russia . Cummins and Weichai JV with WPRT. This means all continents are working towards natural gas. The cycle of Massive global production of crude and gas is changing. 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. Optimizing fields and spacing of wells for Horizontal drills and use of pressure pumps and sand, chemicals. Moving water and materials easier to maximize oil in fracking . The new adapting new technologies and industry norms changing. Faster drilling and the learning curve developing much faster with computer aided exploration, monitoring, controlling every aspect from exploration to delivery.. and infrastructure . new pipelines being built and cheap gas can change America and make them an energy super power.
The CEO stated himself in the latest cc that he expects there to a lot of M&A activity in his industry
@@@@@ The supply of natural gas is expected to increase significantly in coming years. This is good news for Westport as it provides ample fuel for its products. The other side of this is that demand for natural gas is expected to increase as well. The increase in demand will likely raise natural gas prices in North America but potentially see them fall somewhat overseas in markets like Europe and Asia as a result of North American exports.
Either way you spin it, natural gas is poised to be a fuel at the center of the world's energy needs. Westport wants to see it dominant in vehicles using its technology.
• Natural gas produces less pollution than oil , which helps make it more marketable in a world increasingly focused on environmental well-being. The crash in energy prices left the company down to new lows. OIL has been destroyed and soon should be on its way up and WPRT may follow. Comprehensive product offering - a full suite of alternative fuel systems for bi-fuel, mono-fuel, and dual-fuel applications using LPG, CNG and LNG
• Global distribution network - sells to end customers in over 50 countries through OEMs, country importers and distributors
• Systems available for top six European OEM truck brands - as well as global OEMs such as Hyundai and Kia
• Longstanding relationship with top quality suppliers such as Keihin and Bosch
• Current supplier of Westport Volvo Car business
• Strong direct injection LPG technology - LPG has a broad application of uses and is a popular alternative fuel in Europe, Asia, and North America
• A well-developed dual-fuel system - an add-on system for diesel engines with over 100 calibrations for LPG, CNG and LNG to optimize the diesel replacement rate
• Unique position with a joint venture in Nigeria with a large industrial customer, operating one of the largest truck fleets in Africa - moving to natural gas trucks built by one of China's largest truck manufacturers with Prins' dual fuel systems
• Deep engineering and research and development capabilities - extensive multidisciplinary knowledge of systems, software, engineering, electronics, testing, calibration, and certification
• Proprietary fuel control software - developed in-house, Prins' fuel controller software is an integral part of its product platforms that drives exceptional performance
• Testing and certification capabilities - the majority of components are tested in-house and comply with European and U.S. Environmental Protection Agency regulations-The F150 is an example o whats to come----The company has strategic relationships with three of the world's top four engine producers. Moreover, Westport Innovations regularly makes investments and acquisitions related to technologies and businesses that complement or help in the commercialization of its products
** Weichai Westport Inc. alone has the potential to take Westport to the next level, by fast tracking its exposure in China. Westport Inc. (WWI) is a joint-venture between Westport Innovations Inc. (35%), Weichai Power Co. Ltd. (40%), China's largest heavy-duty engine manufacturer, and Hong Kong Petersen (CNG) Equipment Limited holding the remaining 25%.
*Russia’s state-controlled gas giant Gazprom [Thursday] signed a preliminary market development agreement to expand the use of natural gas vehicles in Russia. . Gazprom currently has 200 compressed natural gas stations in Russia, with plans to invest in upgrading those stations and constructing new stations to reach a total of about 500 fueling stations by 2020. The company expects CNG consumption to grow from 0.4 billion cubic meters in 2013 to 10.4 cubic meters by 2020.
OEM agreements with the likes of Ford, Volvo and Indian car manufacturer Tata. NEW_ certification from the Environmental Protection Agency (EPA) for the dedicated compressed natural gas (CNG) and bi-fuel CNG Westport WiNG™ Power System models of the Ford 5.0L F-150 trucks for Model Year (MY) 2016.
******Westport Parts + Service, has formed a distribution partnership with Alliant Power. *** Cummins and Weichai JV with WPRT. This means all continents are working towards natural gas. The cycle of Massive global production of crude and gas is changing.
To conclude- Westport wants to be to the TESLA of natural gas engines, what Tesla wants to be to battery powered WPRT will be to natural gas.
My portfolio has been destroyed. The company has some interesting numbers in shares held by institutions and insiders of 120% Then on the other side you have 38% of the shares short. Who will win? Is the 15 book any where close after next quarter? My guess it will be worth 10$ a share and still a bargain. Then mid year in 2016 oil could start to recover for the last quarter of 2016. Iran oil will take 3 to 6 months to flow but its coming. OIL stocks were all down ten to 20% today. There is plenty of blood when the markets loose another 30% in an industry per quarter or since the 1st of the year. The industry has to be in question at this point. Not only some of these smaller stocks. The big boys should start the buying as even that may not help much as most of us are to far under for relief.
Will somebody please help he dim Witt trump find the birth certificate and inflation. How did supply side work out for 90% of America. Did they investigate Bush for lying to the world. I have never seen some body innhis position attack so many people. It will come back to hurt the Party of hate. All the hate we have seen the last 8 years is at a record high and dems are ready to attack any GOP presidential right wing supply side #$%$ buckets