I've learned to never bet against Navellier. In the end, he's usually right. There just might be some bumps along the way. Stock is up 5% today.
Brazilian government will not let PBS fall much more. Expect a similar move like the Mexican government did with PEMEX. Then PBS will recover fast. The company is too big a player and much too solid. Strong buy here.
There is no way this stock is going to stay under $9 for long. Too many pluses. Buy this one under $9 and put the shares in the drawer and check them in a year or two.
I'm not watching the stock price that much (though I should). When I look at Kodiak, I look at amount and quality of acreage they hold and also the ability of KOG to continue to increase production levels. The price of the stock? It will take of itself in time, so long as KOG can continue to perform as an oil producer. At the present time, they are the 7th largest producer in the Bakken based on the most recent numbers. That's quite an accomplishment given where they came from in just a few years ago.
The other reason I don't get too edgy about the stock price is the attractiveness of KOG to other larger producers. Having attained a $3+ billion market cap puts them in range for takeout, particularly if they run into problems securing capital to keep the production activity up. As I see it, it's a long-term hold, since they plan to be drilling nonstop for the next 15 years, but they could get absorbed along the way by EOG (a very aggressive oil producer) or someone bigger.
You're quite correct about 40 year ban. However, it's actually only a partial ban. We cannot export crude to Canada. But we cannot export crude to Mexico or any other country under the current, very outdated law. So to get around the ban, we have to export 'refined' product; namely, gasoline, diesel fuel or jet fuel. That said, a lot of refiners have recently installed hydrocrackers to make more distillates for export, and that is where most of the export increase is showing up.
The point I was trying to make is that if the oil export ban is lifted, the E&P's are going to benefit immensely (though some refiners may get hurt.) If E&P's are able to sell crude directly to marketers who export, we are going to see a mass proliferation of economic activity in this country that we have not seen in quite some time. Just drive through Williston ND or Midland TX and you will see exactly what I'm talking about.
Wintoat34 = an intellectually limited short-term thinker.
Remember just a few short years ago we were importing most of our oil? If you'd listened to intellectually limited people like Wintoat, you'd have missed the Bakken and Eagle Ford stocks that have gone from .25 cents to $12. He's been saying oil prices are going to $80? Instead, they are going back up. We're in a very short-term window where the KOGs of this world are under unwarranted stock price pressure. But these are the companies that are going to lead the U.S. to energy independence as the No. 1 world producer of high-quality light sweet crude, very probably before 2020. Our economy will be revived and good paying jobs will return. If you think I'm wrong, drive through Williston ND and Midland TX sometime and just see how well folks are living there.
Oh, and as far this baloney about the Bakken running out of oil - nonsense. The CEO of Conoco is on the record as saying we've got at least another 20 years of drilling in the Bakken, possibly more. The USGS is about to INCREASE their recoverable oil reserve estimates for the Bakken, and those numbers alone would keep us there 15 years.
On the political front, I have found very little difference between Democrats and Republicans when it comes to their support for oil and gas development in the United States. Though the oil export issue may be a testy issue for some, both sides will in the end agree that increasing oil exports will increase jobs in America, and for that reason it will pass.
Just talked about lifting the oil export ban on CNBC. It's coming folks. And it's coming at a time when we still only produce one-half of our domestic needs. But the bottom line is the world wants our light sweet crude, and we don't want their heavy sour crude. A perfect storm.
If you've been following this board, you've been hearing a lot about $80 and $70 oil. Anyone notice that oil is NOT coming down? There's a reason. The world wants U.S. oil because it's the highest quality in the world!!! And the E&P's that can keep their production numbers going higher are going to prosper or be bought by larger oil producers who will pay a hefty premium to take them out.
So forget the moment. IT WILL PASS.
Sound like more stock dilution to me. The export market is starting to kick up, which will only help Bakken producers like TPLM. But I'm looking for a slew of M&A activity in the Bakken, Eagle Ford, and Permian Basin in 2014, and this little company could be swooped by either a larger producer or chopped up to private equity. There's a ton of private equity money out there just waiting to be unleashed.