Just some more funny RLP-stories in a pretty funny thread?
Well, the dates that you claim that you bought cog seem to keep changing as you make up new stories.
For example from an old post:
"Bought COG on 1/11/2012 and again on 2/13/2012.
Avg. price = $29.10. Price today: $34.47"
You wrote that.....right?
So, if you bought when you say you bought, how can you possibly have an average price of $29.10 when it did not close below $30.56 in Jan, & $31.90 in Feb?
So, now you seem to like this date (Feb. 28th) even better?
From your post in this thread:
"No, I am using Feb. 28th as a starting point because that's when I bought Cabot Oil stock. I didn't pick the date out of thin air."
rlp just missing in action again or posting as one of the a sock-puppets instead?
"Oh I forgot SOB's favorite refiner, NTI. Exactly how has that unit price been doing since he touted it back in February?"
Since I have no interest in "touting" as you mentioned but do like the idea that NTI uses Bakken crude & Canadian crude,
It looks like WNR likes it too.
......With the recent NTI news, it seems now, a little like that you may have just been a bit confused again.
nothing to do......it states very clearly.....
Why not just read it on your own?
On the front page:
This Amendment No. 8 to the Registration Statement on Form S-4 (File No. 333-187484) is being filed solely to amend the Calculation of Registration Fee Table on the cover page of the Registration Statement."
Recent Bakken articles......I thought that Filloon's article is very good.
Seeking Alpha articles with recent Bakken co's info:
Bakken Update: Abraxas Has A Huge Quarter As Its Well Results Are Twice As Good As Others Near Pershing Field
Nov 12 2013 by Michael Filloon
Oasis Petroleum: Growth Record Justifies A Significant Share Price Rise
Nov 12 2013,
The Oasis article compares LINE, OAS, WLL & some others.
FINVIZ shows a clear "Channel-UP" pattern for LINE.
You can also check it by using their screener for "Basic materials sector" & the technical analysis pattern..
...it is now in the group:
They also show the trend lines.
LINE looks like it has been going up since a recent low during the 1st week of July, 2013.
if you are looking at KOG, you may also want to look at TPLM & this:
"Bakken Update: Kodiak Has A Great Quarter As Pilot Projects Drive Growth
Nov 6 2013, 08:38 "
by Michael Filloon
Well, I laugh when I read that type of thoughtful analysis.
It reminds me a bit of when Linn bought in to a new basin in the Williston basin in ND.
...... and by some at the time it was thought that Linn may have overpaid (LOL) ....articles were written & in blogs etc.
...by those who track bakken acreage tranactions like The Million Dollar way (you can easily check the comments from back then).
Well, there have been some considerably more expensive asset/acreage purchases in the Williston basin since then as you probably expected.
....Oh, then sometime afterward, Continental Resources proved the multiple benches of the Three Forks,
And, the USGS re-evaluated their 2008 Recoverable Reserve estimate for the area and Continental now thinks that the Williston basin holds up to about 903 Billion barrels of oil.
So, with that Continental multiple benches of three forks discovery, the oil reserves there just about doubled......
What bakken-acreage that once looked expensive back in 2011 would be considered much, much more valuable today.
Oh, then there are also the technology improvements as time goes by.
For example, there is a new completion method being used by Whiting & reported recently..... that they are getting 50% to 75% more per well.
Since the recovery percentage in the bakken/three forks is now roughly between 5% to 8% that leaves about 92% to 95% of the oil in place. Continental Resources recoverable reserve estimate of up to 45 billion barrels is based on their 903 billion barrels estimate of oil place using only a 5% recovery number.
So about how many productive zones has Linn already produced from in the Permian basin?
Was it 9?
about how much more acreage will the BRY transaction add to what Linn now has there for a total of about 160,000 acres?
And, that is just the Permian basin.
What about California...etc?
ops....nope.....two recent examples from today....then you say oh, who me?
"I wasn't discrediting anything"
sure you did.
once with that "off" comment about the MF article that I thought everyone would find helpful about the great results PXD is getting in the Permian basin that you said that anyone could write to make the info appear less useful. how can it be trusted if you could have written the article....Hmm?
before that your comment about the possibility of a JV when you said that is less cash for Linn...when you knew: they but remain open to all potential alternatives on how to maximize our value going forward. "
maximize our value ....does not mean less for Linn....it means the most for Linn.
So, you can say this:
""I wasn't discrediting anything""
but you keep posting examples that are little more than negative digs.
So, if the point of what was said about evaluating multiple strategies was to maximize our value in the play.....
"we remain open to all potential alternatives on how to maximize our value in the play"
Why did you post this?
"I guess know one wanted to post this as well. They may need partners or maybe do it themselves. Taking on Jv's or partners means less cash flow for LNE."
I thought you would not bother to listen to the call and also not respond to what you had posted.....so I will help you out....
This is the section that you asked about a few times that you twisted into they may need a partner or some such point from the transcript:
"Specifically, upon completion of the merger LinnCo form up will approximately 160,000 net acres in the Permian Basin. And after which we have potentially Wolfcamp, Spaberry, Clearfork horizontal drilling locations. Oil companies continue to affect the economic potential for horizontal drilling in the Permian Basin. And are totally monitoring adjacent activity and is evaluating multiple strategies to develop our Permian inventory in the most efficient way. Potential options include joint ventures, after trade to corporation asset, as well as drilling the acreage ourselves, but we remain open to all potential alternatives on how to maximize our value going forward. "
That is NOT exactly what was said during the call and you can HEAR what was actually said if you LISTEN to it carefully.
This was the actual point:
"we remain open to all potential alternatives on how to maximize our value going forward. "
"Where did I discredit the article?"
"So do you do your investing from MF and SA articles, sand? Who knows that could be me that wrote that."
That seems to implys that it has info not worthy of your consideration.....No?
.....but that MF article does....since it is fairly well done and it also contains checkable info at PXD's presentation, about their Permian basin well(s) results of up to a million barrels/well and up to 150% IRRs.
It also tells you to watch for EOG's results. etc.
And since you keep asking this as if to try to imply something negative:
"LINE may need a partner or partners / or do some trading. Did you not here and read this in LINE's CC"
You should probably go and LISTEN to exactly what was actually said.
Please post it exactly word for word when you find it.
you know the answer to your question, so why ask?
......and that is probably correct that anyone can write for them,(I guess) .
but the points in that MF article are easily checked because the author also posted a copy of the slide (I think it was slide #12) from PXD with the actual published data that they include in their presentation.
.....so no one needs to merely rely on the word of a MF or SA author......since you seem to have tried to discredit the article by making less of the value of its info by implying the author may not be peer-reviewed or (any-kind-of-reviewed) ...etc...
Well, even RLP wrote an article for SA.......maybe you will like his article better than this one by Matt Diallo in Motley Fool?
........... which should be of interest to just about everyone else reading here since Matt's article provides helpful info about results EUR's & IRR's that operators in the Permian basin are now seeing.
Norris would find it interesting.
Guess you have not seen that article from Matt Diallo today on MF yet about the Permian basin EURs of up to a million Bbl/well & IRRs of up to about 150%??
Here is a little more of it:
"Given Pioneer's impressive results, investors should keep an eye on are what EOG Resources and Devon Energy have to say about the Permian in their upcoming earnings reports. Devon reports tomorrow and EOG reports the following day. If either company states that wells in the Permian are outperforming expectations, it would suggest the play could be even better than expected and can really drive future returns for both companies."
Linn will have about how much acreage in that play?
Did I hear Linn will have 160,000 acres in the Permian basin in the conference call?
.....please let me know if I heard correctly or if you heard something else.
Did you even hear the conference call yet?
ops, it sounds like you may be confused again.
Maybe you should try listening to the conference call, hmmm?
And....please do not forget this too:
You should probably be reading Matt Diallo's MF article of today on the Permian basin and the recent PXD results with a ONE MILLION EUR's and asking yourself.....roughly about what is Linn getting there?
Yes sir, you are the boss......
I already HEARD the Conference Call twice.
..........it is accretive so what type of nonsense are you trying to twist it into?
The recent Permian deal is also......You should probably be reading Matt Diallo's MF article on the Permian basin and the recent PXD results with a ONE MILLION EUR's and asking yourself.....roughly about what is Linn getting there?
Linn has done over 50 deals so far....do you know of ANY of them that have not been accretive?
So why all the gibberish?
............maybe you have not yet seen this MF article:
"1 Impressive Number from this Texas Oil Field"
From today 11/6/13 by Matthew DiLallo
BRY doubles the Permian for Linn......isn't that what I heard in the CC?
This is from the article:
"reported a lot of numbers in its third-quarter earnings release. However, one really stood out as an impressive result. That number is the estimated ultimate recovery of some of its recent shale wells, which could top 1 million barrels of oil equivalent over the lifetime of the well.
The estimated ultimate recovery of a well takes current production data and projects how much oil and gas that well will produce over its lifetime. The more a well produces, the higher the returns for drillers like Pioneer Natural Resources. In the case of this past quarter's numbers, many of the horizontal wells it drilled into the Wolfcamp A and B in Texas' Permian Basis are expected to exceed 800,000 barrels of oil equivalent. Further, as the slide below shows, cumulative recoveries are on a pace that could exceed 1 million barrels of oil equivalent."
It looks like this recent (Permian basin) deal is already closed:
"Adhering to our strategy of growth through acquisitions, on October 31st we closed the recently announced Permian Basin acquisition for approximately 525 million. This acquisition located in the Central Basin platform further strengthens LINN’s position in the Permian adding approximately 124 producing wells and an additional 300 identified future drilling locations primarily in the Clearfork formation.
Current crude reserves total approximately 30 million barrels, of which approximately 70% are oil. LINN has identified additional waterflood reserve potential of approximately 24 million barrels equivalent that could provide significant upside in the future"
..............and is also "immediately accretive"
so too will BRY.....
And, you seem to have missed this important MF article:
"Whiting’s Revelation Will Completely Change the Shale Revolution"
if they are maybe getting about 50-75% more now/well....and if the present recovery in ND is only about 5% to 8% of the oil in the Bakken........about how much can they eventually get out?
Wait, I better get a calculator.
Maybe by next year about this time, we can discuss the size of Whiting and Linn and possible oily-asset match of Whiting and if Linn will be about the right size to buy them?