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Linn Co, LLC Message Board

save_n_investte 43 posts  |  Last Activity: Jul 23, 2014 8:47 PM Member since: Aug 14, 2012
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  • If true, drillers like ESV and it's shareholders will benefit:

    By Varun Chandan, Arora May 24, 2014

    At its analyst meeting in March, Chevron had said that it has modeled its projections based on a Brent crude oil price of $110 per barrel. The company's previous oil price projection was $79 per barrel. In fact, Chevron was not the only major oil and gas company to come up with a bullish projection. Rival ExxonMobil also modeled its projection based on an oil price of $109 per barrel. Brent crude prices are currently hovering around this level.

    Oil majors such as Chevron and ExxonMobil have been increasing their capital spending to boost production. However, production at oil majors has in fact been declining. In the first quarter of 2014, Chevron's production dropped 2% to 2.59 million barrels of oil equivalent per day. The company believes that Brent crude prices will be $110 per barrel. But is the company's oil price projection too bullish?

    The U.S. Energy Information Administration projected Brent crude oil prices to average $105 a barrel this year and $101 per barrel in 2015. However, Brent crude prices have remained at around $110 per barrel so far this year. Prices fell briefly to around $104 per barrel last month, but have since recovered and are trading around $110 per barrel.

    More importantly for Chevron and other oil majors, Brent crude oil prices could remain robust. The International Energy Agency (IEA), in its monthly oil report, lowered its forecast for non-OPEC supply growth. At the same time, the Paris-based agency raised its global oil demand forecast for 2014 by 65,000 barrels per day to 92.8 million barrels per day. Tthe agency believes that current gains in OPEC output will not be enough to meet market needs in the second half of the year. Given this outlook, it is likely Brent crude prices could average $110 per barrel.

  • This deal bodes well for RIG!

    Over the weekend, Seadrill (SDRL) and North Atlantic Drilling (NADL) announced a mega deal with Russia’s Rosneft that has sent the shares of the two companies soaring.

    Reuters
    According to the joint press release from North Atlantic Drilling and Seadrill, which owns 70% of North Atlantic, North Atlantic will sign contacts for up to nine offshore rigs, and also enter the onshore drilling market in Russia. Rosneft is also acquiring a big stake in North Atlantic Drilling, although Seadrill will remain the majority owner.

    Morgan Stanley’s Ole Slorer and team think the Seadrill/North Atlantic Drilling/Rosneft deal is good not just for the two drillers, but the entire industry:

    While the Rosneft contracts are particularly bullish for North Atlantic Drilling / Seadrill, we view the reduction in near term rig availability as an important turning point for the entire offshore driller space. We expect further contract signings in Brazil and West Africa to help reverse current beaten down sentiment, and although some of these contracts undoubtedly will come with comparatively poor rates, the mere fact that we are again in the process of reducing availability should be sufficient for the offshore drillers to catch a bid.

  • Over the weekend, Seadrill (SDRL) and North Atlantic Drilling (NADL) announced a mega deal with Russia’s Rosneft that has sent the shares of the two companies soaring.

    Reuters
    According to the joint press release from North Atlantic Drilling and Seadrill, which owns 70% of North Atlantic, North Atlantic will sign contacts for up to nine offshore rigs, and also enter the onshore drilling market in Russia. Rosneft is also acquiring a big stake in North Atlantic Drilling, although Seadrill will remain the majority owner.

    Morgan Stanley’s Ole Slorer and team think the Seadrill/North Atlantic Drilling/Rosneft deal is good not just for the two drillers, but the entire industry:

    While the Rosneft contracts are particularly bullish for North Atlantic Drilling / Seadrill, we view the reduction in near term rig availability as an important turning point for the entire offshore driller space. We expect further contract signings in Brazil and West Africa to help reverse current beaten down sentiment, and although some of these contracts undoubtedly will come with comparatively poor rates, the mere fact that we are again in the process of reducing availability should be sufficient for the offshore drillers to catch a bid.

  • Reply to

    Seadrill Inks Pact with Russians

    by save_n_investte May 27, 2014 9:40 AM
    save_n_investte save_n_investte May 27, 2014 9:43 AM Flag

    I think that Putin is thumbing his nose and laughing at Obama. Putin has danced rings around Obama and Obama seems helpless. You can't put sanctions on Russia if the Europeans have such close economic ties to Russia and because the Europeans depend so much on Russian energy/oil/gas.

  • save_n_investte by save_n_investte May 27, 2014 9:40 AM Flag

    Seadrill signs investment and cooperation pact with Rosneft:

    Seadrill (SDRL) announced that an Investment and Co-operation Agreement has been executed with Rosneft in order to pursue growth opportunities offshore and onshore in the Russian market through at least 2022.

  • According to Chevron and Exxon estimates. If this turns out to be true, it will be good news for BP and it's shareholders:

    If true, TPLM and it's shareholders will benefit:

    By Varun Chandan, Arora May 24, 2014

    At its analyst meeting in March, Chevron had said that it has modeled its projections based on a Brent crude oil price of $110 per barrel. The company's previous oil price projection was $79 per barrel. In fact, Chevron was not the only major oil and gas company to come up with a bullish projection. Rival ExxonMobil also modeled its projection based on an oil price of $109 per barrel. Brent crude prices are currently hovering around this level.

    Oil majors such as Chevron and ExxonMobil have been increasing their capital spending to boost production. However, production at oil majors has in fact been declining. In the first quarter of 2014, Chevron's production dropped 2% to 2.59 million barrels of oil equivalent per day. The company believes that Brent crude prices will be $110 per barrel. But is the company's oil price projection too bullish?

    The U.S. Energy Information Administration projected Brent crude oil prices to average $105 a barrel this year and $101 per barrel in 2015. However, Brent crude prices have remained at around $110 per barrel so far this year. Prices fell briefly to around $104 per barrel last month, but have since recovered and are trading around $110 per barrel.

    More importantly for Chevron and other oil majors, Brent crude oil prices could remain robust. The International Energy Agency (IEA), in its monthly oil report, lowered its forecast for non-OPEC supply growth. At the same time, the Paris-based agency raised its global oil demand forecast for 2014 by 65,000 barrels per day to 92.8 million barrels per day. Tthe agency believes that current gains in OPEC output will not be enough to meet market needs in the second half of the year. Given this outlook, it is likely Brent crude prices could average $110 per barrel.

  • save_n_investte by save_n_investte May 26, 2014 6:51 PM Flag

    If true, TPLM and it's shareholders will benefit:

    By Varun Chandan, Arora May 24, 2014

    At its analyst meeting in March, Chevron had said that it has modeled its projections based on a Brent crude oil price of $110 per barrel. The company's previous oil price projection was $79 per barrel. In fact, Chevron was not the only major oil and gas company to come up with a bullish projection. Rival ExxonMobil also modeled its projection based on an oil price of $109 per barrel. Brent crude prices are currently hovering around this level.

    Oil majors such as Chevron and ExxonMobil have been increasing their capital spending to boost production. However, production at oil majors has in fact been declining. In the first quarter of 2014, Chevron's production dropped 2% to 2.59 million barrels of oil equivalent per day. The company believes that Brent crude prices will be $110 per barrel. But is the company's oil price projection too bullish?

    The U.S. Energy Information Administration projected Brent crude oil prices to average $105 a barrel this year and $101 per barrel in 2015. However, Brent crude prices have remained at around $110 per barrel so far this year. Prices fell briefly to around $104 per barrel last month, but have since recovered and are trading around $110 per barrel.

    More importantly for Chevron and other oil majors, Brent crude oil prices could remain robust. The International Energy Agency (IEA), in its monthly oil report, lowered its forecast for non-OPEC supply growth. At the same time, the Paris-based agency raised its global oil demand forecast for 2014 by 65,000 barrels per day to 92.8 million barrels per day. Tthe agency believes that current gains in OPEC output will not be enough to meet market needs in the second half of the year. Given this outlook, it is likely Brent crude prices could average $110 per barrel.

  • If true, OXY and it's shareholders will benefit:

    By Varun Chandan, Arora May 24, 2014

    At its analyst meeting in March, Chevron had said that it has modeled its projections based on a Brent crude oil price of $110 per barrel. The company's previous oil price projection was $79 per barrel. In fact, Chevron was not the only major oil and gas company to come up with a bullish projection. Rival ExxonMobil also modeled its projection based on an oil price of $109 per barrel. Brent crude prices are currently hovering around this level.

    Oil majors such as Chevron and ExxonMobil have been increasing their capital spending to boost production. However, production at oil majors has in fact been declining. In the first quarter of 2014, Chevron's production dropped 2% to 2.59 million barrels of oil equivalent per day. The company believes that Brent crude prices will be $110 per barrel. But is the company's oil price projection too bullish?

    The U.S. Energy Information Administration projected Brent crude oil prices to average $105 a barrel this year and $101 per barrel in 2015. However, Brent crude prices have remained at around $110 per barrel so far this year. Prices fell briefly to around $104 per barrel last month, but have since recovered and are trading around $110 per barrel.

    More importantly for Chevron and other oil majors, Brent crude oil prices could remain robust. The International Energy Agency (IEA), in its monthly oil report, lowered its forecast for non-OPEC supply growth. At the same time, the Paris-based agency raised its global oil demand forecast for 2014 by 65,000 barrels per day to 92.8 million barrels per day. Tthe agency believes that current gains in OPEC output will not be enough to meet market needs in the second half of the year. Given this outlook, it is likely Brent crude prices could average $110 per barrel.

  • save_n_investte by save_n_investte May 25, 2014 2:13 PM Flag

    Occidental Petroleum sees a better future in the Permian Basin, which will become its cornerstone asset.

    CEO Steve Chazen noted that Occidental's California operations have had problems that extend beyond the characteristics of the rocks beneath the state. There is a lot of opposition to fracking in California, which has made it difficult to explore for oil. In fact, it has been so difficult for the company that Chazen noted on Occidental Petroleum's last conference call that, "you can see why I'm not going to be part of the California company." Clearly, the potential of the oil underneath the state isn't worth it to him or Occidental Petroleum.

  • If this turns out to be true, MRO will surely benefit:

    By Varun Chandan, Arora May 24, 2014

    At its analyst meeting in March, Chevron had said that it has modeled its projections based on a Brent crude oil price of $110 per barrel. The company's previous oil price projection was $79 per barrel. In fact, Chevron was not the only major oil and gas company to come up with a bullish projection. Rival ExxonMobil also modeled its projection based on an oil price of $109 per barrel. Brent crude prices are currently hovering around this level.

    Oil majors such as Chevron and ExxonMobil have been increasing their capital spending to boost production. However, production at oil majors has in fact been declining. In the first quarter of 2014, Chevron's production dropped 2% to 2.59 million barrels of oil equivalent per day. The company believes that Brent crude prices will be $110 per barrel. But is the company's oil price projection too bullish?

    The U.S. Energy Information Administration projected Brent crude oil prices to average $105 a barrel this year and $101 per barrel in 2015. However, Brent crude prices have remained at around $110 per barrel so far this year. Prices fell briefly to around $104 per barrel last month, but have since recovered and are trading around $110 per barrel.

    More importantly for Chevron and other oil majors, Brent crude oil prices could remain robust. The International Energy Agency (IEA), in its monthly oil report, lowered its forecast for non-OPEC supply growth. At the same time, the Paris-based agency raised its global oil demand forecast for 2014 by 65,000 barrels per day to 92.8 million barrels per day. Tthe agency believes that current gains in OPEC output will not be enough to meet market needs in the second half of the year. Given this outlook, it is likely Brent crude prices could average $110 per barrel.

  • If this turns out to be true, COP will surely benefit/prosper:

    By Varun Chandan, Arora | More Articles | Save For Later
    May 24, 2014

    At its analyst meeting in March, Chevron had said that it has modeled its projections based on a Brent crude oil price of $110 per barrel. The company's previous oil price projection was $79 per barrel. In fact, Chevron was not the only major oil and gas company to come up with a bullish projection. Rival ExxonMobil also modeled its projection based on an oil price of $109 per barrel. Brent crude prices are currently hovering around this level.

    Oil majors such as Chevron and ExxonMobil have been increasing their capital spending to boost production. However, production at oil majors has in fact been declining. In the first quarter of 2014, Chevron's production dropped 2% to 2.59 million barrels of oil equivalent per day. The company believes that Brent crude prices will be $110 per barrel, it can achieve that. But is the company's oil price projection too bullish?

    The U.S. Energy Information Administration projected Brent crude oil prices to average $105 a barrel this year and $101 per barrel in 2015. However, Brent crude prices have remained at around $110 per barrel so far this year. Prices fell briefly to around $104 per barrel last month, but have since recovered and are trading around $110 per barrel.

    More importantly for Chevron and other oil majors, Brent crude oil prices could remain robust. The International Energy Agency (IEA), in its monthly oil report, lowered its forecast for non-OPEC supply growth. At the same time, the Paris-based agency raised its global oil demand forecast for 2014 by 65,000 barrels per day to 92.8 million barrels per day. Tthe agency believes that current gains in OPEC output will not be enough to meet market needs in the second half of the year. Given this outlook, it is likely Brent crude prices could average $110 per barrel.

  • save_n_investte by save_n_investte May 23, 2014 8:24 AM Flag

    I don't know if this will affect the eastern RR's like CSX or NSC, but hopefully it will:

    TransCanada, oil companies looking at moving oil by rail, The Hill says
    Keystone pipeline developer TransCanada (TCP) and oil companies are considering transporting Canadian oil by trains until the U.S. approves the controversial pipeline, Keystone's CEO, Russ Girling, said yesterday, according to The Hill.

  • save_n_investte by save_n_investte May 22, 2014 8:12 AM Flag

    These prices for energy bode well for COP and it's shareholders.

  • save_n_investte by save_n_investte May 21, 2014 10:45 AM Flag

    Just made a new 52 week high. Good luck to all RR investors/shareholders!

  • save_n_investte by save_n_investte May 19, 2014 1:09 PM Flag

    He prefers NSC over CSX but likes both stocks/companies:

    NEW YORK (TheStreet) -- Asked if he prefers CSX (CSX_) or Norfolk Southern (NSC_), TheStreet's Jim Cramer chooses the latter because of its momentum.

    Cramer says he likes CSX because it is very cheap and also notes Norfolk Southern is breaking out because of its increased shipments of natural gas, which has gone up in price.

    TheStreet Ratings team also likes Norfolk Southern, as it rates it a "buy" with a ratings score of A-.

    "We rate NORFOLK SOUTHERN CORP (NSC) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

    And TheStreet Ratings team also recommends CSX as a "buy" with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

    "We rate CSX CORP (CSX) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

  • save_n_investte by save_n_investte May 15, 2014 8:07 AM Flag

    Why Enerplus (ERF) Could Be a Potential Winner
    Zacks By Zacks Equity Research
    1 hour ago

    One way to find these underappreciated stocks is by looking at companies that haven’t seen their share prices move higher lately, but have observed analysts raising earnings estimates for their stock. This trend could signal that investors haven’t quite embraced the rising estimate story yet, but that the potential for a big move higher is definitely there.

    One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is Enerplus Corporation (ERF). This Oil Producing stock has actually seen estimates rise over the past month for the current fiscal year by about 25.4%. But that is not yet reflected in its price, as the stock gained only 1.8% over the same time frame.

    You should not be concerned about the price remaining muted going forward. This year’s expected earnings growth over the prior year is 222.3%, which should ultimately translate into price appreciation.

    And if this isn’t enough, ERF currently carries a Zacks Rank #2 (Buy) which further underscores the potential for its outperformance.

    So if you are looking for a stock flying under-the-radar that is well-equipped to bounce down the road, make sure to consider Enerplus.

  • save_n_investte by save_n_investte May 14, 2014 10:44 PM Flag

    DENVER, May 14, 2014 /PRNewswire/ -- Triangle Petroleum Corporation ("Triangle" or the "Parent") (NYSE MKT: TPLM) announces today that Triangle USA Petroleum Corporation ("TUSA"), the Company's wholly-owned E&P subsidiary, has entered into two separate definitive agreements to acquire Williston Basin properties ("Acquisitions"), and received bank commitments for 100% financing of the acquisitions.

    Acquisition of Williston Basin Properties

    Signed two separate definitive agreements to acquire approximately 46,100 net acres (46% operated) in a contiguous area of Williams County, ND and Sheridan County, MT:
    1,175 Boepd of current production
    4,450 MBoe of net proved reserves with a PV-10 value of approximately $110 million based upon internal estimates as of April 30, 2014
    Total consideration of approximately $120 million, net of estimated purchase price adjustments and sale of acquired salt water disposal well to Caliber Midstream Partners, L.P.
    Triangle, pro forma for the Acquisitions (approximate):
    135,237 net acres in the Williston Basin
    91,767 net acres in the core Williston Basin, 57% operated
    9,575 Boepd of production
    46,500 MBoe of net proved reserves, based upon internal estimates as of April 30, 2014
    611 potential gross operated locations remaining, assuming six Middle Bakken wells and four Three Forks wells per DSU
    Summary fiscal year 2015 TUSA stand-alone guidance & capital expenditure update:
    Transactions expected to close by June 30, 2014; Acquisitions have no material impact to Q1 fiscal year 2015 and Q2 fiscal year 2015 production and financial guidance
    Production: ~9% increase to 2nd half fiscal year 2015 estimates
    12,000 Boepd from previous 11,000 Boepd (at approximate midpoint)
    Adjusted-EBITDA: ~9% increase to 2nd half fiscal year 2015 estimates
    $240 million annualized 2nd half fiscal year 2015 estimate from previous $220 million (at approximate midpoint)

  • ConocoPhillips Reaffirms Double-digit Returns
    Zacks By Zacks Equity Research
    5 hours ago

    World’s largest independent exploration and production company, ConocoPhillips (COP) at its Annual Meeting of Stockholders held in Houston reiterated its target of delivering double-digit returns annually to shareholders by growing production and margins by 3% to 5% a year and offering a steadily increasing dividend.

  • Enerplus price target raised to $28 from $24 at BMO Capital
    BMO Capital increased its price target on Enerplus after the company reported stronger than expected Q1 results and higher than expected Q1 production. The firm expects Enerplus’ momentum to carry through to the end of the year. It keeps an Outperform rating on the shares.

  • save_n_investte by save_n_investte May 9, 2014 11:27 AM Flag

    I wonder if shareholders will be issued shares in Caledonia???

    Top drilling contractor Transocean said on Monday it will spin off eight mid-water floating rigs active in the UK North Sea to create a new entity called Caledonia Offshore Drilling Company.
    The Zug, Switzerland-based company plans to form Caledonia in the second half of the year and eventually separate the two businesses.

    Transocean did not specify the structure be used, though it had previously discussed plans for a master limited partnership in mid-2014 as part of an agreement with activist shareholder Carl Icahn.

    "Various options for the separation of Caledonia are under consideration, Transocean said in a statement.

    "Caledonia is expected to have a focused approach to assets and operations in the UK North Sea and it will continue to provide best-in-class service to customers."

    Rig companies including Transocean have been seeking ways to minimise cost and develop its fleet for the highest possible efficiency and profit margins.

    Noble Corporation late last year elected to split in two, forming Paragon Offshore to manage its "standard-spec" units.

    "The creation of Caledonia reflects the continued execution of Transocean's asset strategy to improve the overall capability of its offshore drilling fleet by divesting non-core assets, complemented by the addition of new, high-specification offshore drilling rigs," the company said.

    The rigs tapped for the venture are all semi-submersibles, the Sedco 704, Sedco 711, Sedco 712, Sedco 714, Transocean John Shaw, Transocean Prospect, GSF Arctic III and JW McLean.

    Generally, the rigs are 1970s and 1980s-built units capable of working in 1000 to 1800 feet of water and drilling to around 25,000 feet.

    They currently lease for dayrates in the high $300,000s and low $400,000s.

LNCO
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