Close but no cigar.
The winner is Athlon (ATHL)
Very nice premium being paid gor Permian oil production.
Maybe next obe is PVA.
Total daily production of 1,900 boepd per day.
That's like the production of two nice PVA wells.
I see Devon is showing some hefty IP numbers in the EagleFord -- similar to PVA but less than EOG.
Many things all coming together now to indicate that gene replacement is the wave of the future in eye diseases.
Head of Genentech ophthalmology just left to take big job with Avalanche (AAVL)
Genzyme has had good results in phase 1 gene study.
Do your own research. If you have any insight you will see AGTC is wave of the future -- they could get a major partner. Many good possibilities ahead.
The article, which came out on 9/19, was on the Charles Schwab website (I guess you need to have an account with Schwab). The article mentioned a lot of the same positives that "riskonriskoff" alluded to.but failed to halt the selloff in the stock that took place that day.
I think PVA is saving up a batch of well completions to report (at least I hope that is the case.)
They must have a lot of wells ready to report with eight rigs now going.
PVA hasn't filed a new well in weeks.
They will probably file a batch all at once
They do have a chart now that shows PVA is second of about 30 companies drilling in the EagleFord in terms of highest IP per well. EOG has to be first.
End of quarter selloffs are common in stocks that are down.
I tend to not mind a panic selloff -- as they create bargains.
Oh well, tomorrow is another day.
Ophthalmology is my field.
Gene therapy will be the CURE for retinal diseases of all kinds -- and other diseases late.
There is a reason REGN invested in Avalanche -- REGN believe is gene therapy.
AGTC has as good (or better) science than Avalanche.
AGTC will get a major partnership and this stock will fly, I believe.,
Just a little patience is necessary.
AGTC and AAVL will be the next big winners in the eyecare sector. Book it.
In my opinion, AGTC has the better science but AAVL has the REGN partnership.
I hear Buffet likes USG CEO Metcalf's management style and initiatives.
Not much risk. I was buying at 27 recently.
Option premiums are decent because of possible buyout potential.
Might have been a sort of "mea culpa" for having to retract the previous more upbeat guidance.
A big rule in the "guidance" arena is to underpromise and over-deliver -- that is gospel in guidance.
PVA broke the rule.
PVA management seems pretty aggressive (at least in expanding the EF drilling) but there is a time to be a bit conservative -- investors love a positive upside surprise.
Credit PVA management with doing a lot of great things in the Eagle Ford but the rapid expansion from two to eight drilling rigs seems to be a little too much to bite off so quickly.
The recent re-assessment of second half guidance appears to be a sign of a little fraying in management credibility.
With all due respect, and given the Soros position and the recent huge purchase of 10,000 Oct. calls by some heavy hitter, it looks like now may be the time to negotiate a buyout of PVA that rewards both management and shareholders for a job well done.
If management signals that it is willing to explore "strategic alternatives" it can make a deal that benefits everyone. Being pulled kicking and screaming to the altar is not going to help anyone.
Maybe the last few weeks of uncertain guidance (and quick retraction) has taught management that it is time to turn this big, productive acreage over to an operator with greater resources and experience.
I don't disagree at all.
The more "in play" PVA is the better the chance of a takeover at a nice premium.
PVA may have bitten off more than it can chew with eight rigs going but I tend to like an aggressive company that tries to press its advantage.
It's a production growth story and a couple of months here or there shouldn't make a big difference as long as the production growth is occurring.
I think the buy of 10,000 short-term calls is big. Anyone other than Soros buys that many calls and they probably get questions from the SEC. Soros has already made a big commitment to PVA so the SEC probably wouldn't question additional buys of shares or calls.
Is this for the benefit of potential bidders for the company -- coming so soon after an earnings announcement?
Those 10,000 calls bought the other day are another step toward putting PVA in play.
Huge buy of October 14 calls probably caused option market makers to hedge their positions by buying lots of PVA stock. Who bought 10,000 Oct PVA calls is the real question. Soros?
In my opinion, It would make some sense for Soros to buy calls at this point if he is getting more confident that he can force a sale of PVA.
Best guess is that the option market makers are scrambling to buy PVA stock they don't get caught without hedges if a deal occurs.
Leopard Hunter area -- four wells IP averaging about 930 barrels of oil per day.
(This is probably on the acreag bought from Magnum Hunter)
Any IP near 1,000 barrels of oil per day is good.