Fellar, just think iffen we had not had a cold winter???? In some northern states it was the 3rd coldest winter on record. Iffen we gets a cool summer the storage numbers could be much higher than normal. I looky fer the storage numbers to turn up positive in April and I believe by October we could have more in storage than people think. Still believe natgas will hit the $2.50 mark this spring and that will not be good news to perducers or drillers.
Fellars it lookyslike Whiting is up fer sale (WLL)??? A 52 week high a $92.92 versus now around $37.75. It is one a the largest oil perducers in the Bakken. This should be a note a caution as othern compnies may come on hard times. I still believe ESTE will have poor results this quarter and the one endin' June 30. Maybe they will have cash on hand to acquire some good leases? That factor and possible lackluster quarterlies will keep thissen a tad volatile in my view and I aint gonna get whipsawed like some here. My target is still $19.75 by June 30 and it hit $19.57 in mid-January. I hope I'm wrong fer some a you fellars here but I'm willin' to wait and see.
Caveat Emptor!! I believe this quarter will be a dud and the next one endin' June 30 as well as I said befer, probly dead money until the third quarter or so. I believe what thar doin' is a start on the new compny and perhaps as more news is released the true story here will emerge. I reckon thar is some promise here, yet probly not until the third quarter, especially iffen I'm right about this quarter and next bein' duds. Still sittin' on my wallet and I guess you could say I'm not convinced the turneraround will yet bear fruit. I reckon at some point in the future it will, jest not now.
Fellar, back when thissen rallied to the $1.35 area I posted that my target was 97 cents as winter is pert near over and natgas contracts will be lower as demand wanes. Iffen we get a cool summer then it could go lower in my view. Thars new pipelines bein' built and will the compnies stuff''em full with gas fer delivry in the comin' months? Will they be forced to do this to pay bills and pay back the banks that financed them? Will this drive the price a natgas below $2.50? I reckon this is why I am on the sidelines sittin' opn my wallet till this becomes a tad clearer. Better to be a smart fellar than a fart smeller?
Fellar, I'll believe it when I see it. Thissens been a quite a dud stock the past sevral years. I got 2K jest to be in but how much patience can a fellar have? They orter change the symbol to DAWG.......
Fellar, winter will be over in two weeks..................then watch the price a natgas drift lower. Investors will get out and then regroup this summer in anticipation a winter. Lotsa gas in the delivry system that needs to be sold to pay bills fer drillierin' and site work and leases.............I believe you'll see $2.50 natgas...............my target price fer WRES is 97 cents by May 1.
ryi136, congrats on doin' fine with ESTE! In the past I felt posters like Boolean were hypin' it over the top and I been whipsawed befer and it jest wasn't my cup a tea. Perhaps that is diffrant now? Yet, I do believe an extended stay a low oil prices will negatively hurt the bottom line here. ESTE was one a the few to climb back up while the others tanked or stayed at thar lower price adjusted levels. I reckon iffen yer a trader type then you made some money and/or iffen you held from bein' in fer many years then that was good to. I jest feel sorry fer many that bought in the low $30 and saw in plunge back down to $19.59 in mid January, and now back up to the upper $20's...............timin' is everthing and ESTE proves it. Best wishes to you sir! it will be innerstin' to see how the new compny reports when the time comes.
((((HYSTERICAL)))................the only ting I felt was the vibration a the Ker-Flush when I pulled the lever. LMAO!!! Zacks is perdictin' a loss a 4 cents.............I believe it gonna be much worse than that.
Fellar, once this winter weather breaks I look fer natgas to go to around $2.50 or less per thousand cubic ft. WRES will test the $1 mark in my view as people realize it could be dead money from say March through September..............lower iffen the summer is cooler as well.
Fellar, thissens been dawg ferquite a spell..............will it ever recover or jest go to zero? Don't seem to be much innerst in the stock either. A classic value trap? You think the biggun owners a the stock or some activist would get involved to push it to at least half a book value. REALLY A WEIRD STOCK AND REALLY WEIRD BIG OWNERS WHO DONT SEEM TO GIVE A HOOT?
Fellar, good info but the numbers look to be in decline to me? ESTE has had a bit of a run up the past 2 weeks and I jest wonder iffen it will hold considrin' how long oil prices been in the tank, the cold weather, and how it may affect perduction. I caint see it holdin' this level and believe it will retreat back to the $20 area over the next 3 quarterlies out to the period endin' June 30 to be reported by mid-August.
Fellar, ESTE has rallied nicely from the $20 area but I don't blieve it will last. In fact it could a gotten ahead a itself. I still believe thissen'l be dead money till maybe end a June. I'm not sure why it rallied as the fundamentals remain to be seen and I believe the last quarter and this quarter will not be a good as many think. Back in December my June 30 target was $19.75............it got down to $19.59 in early January and rallied to the $27 area now. I jest don't believe it will hold as winter weather and pricin' will be issues that could negatively affect perduction and revnue. In short I tink the stock got ahead a itself and the fundamentals. I suspect some got out while the gettin' was good and others that bought at $20 or so tookered profits. Those that bought north a $30 will be stuck fer a spell unless they averaged down and bailed north a $25 to gets back to even money. I am still on the sidelines as I believe EPS will be weak from last quarter and the next two quarters ahead. This is a classic whipsaw stock.
Innersting thoughts thar fellars. Yet, many new pipelines under construction in the Marcellus and my concern is will them capped wells be unleashed by compnies who need cash flow when them pipelines are operational? Will them compnies open the spigot and stuff them pipelines full puttin'
downward pressure on ng prices? That scenario could keep ng prices low fer more than a year. Nowthen thissen cold winter is keepin' ng prices below $3/1000 cu.ft. and what happens when winter is over, them pipelines are operational, and compnies need cash to pay thar creidtors? I blieve it is too early to buy. Jest my 2 cents worth. Pricin' at the wellhead could be under pressure fer longer than we tink?
real..............he'll be lucky to get back a few cents on the dollar per his investment @$.40 or more. They missed thar debt bpayment and I see the default innerst rate is 18%...............LEI gonna have to give up a big part a the compny to stay in the game. Boolean was misinformed, noninformed, misguided, educationally challenged, and jest plain outer touch with reality. As one old quote comes to mind, I caint remember who said it, but it goes like this, "If you think you are so smart, then invest in the stock market to find out". He was more goober than guru and it all ended up jest like I said it would. His short on the 10 year bond @2.50% was a loser plus all them othern stocks he touted. The fellar might be in a homeless shelter somewhere with his belongings in a Walmart shoppin' cart. He should a been a game show host.
Fellars, Citicorp put out some kinda chart on breakeven cost fer the various shale and other drillin' regions. Citi has XOM break even price in the Bakken at somewhere in the $52-55 range. The article is at Business Insider website. Sorry, I caint post it but google it an you'll find it. Not sure what breakeven fer oak valley-este is, but the first quarter a 2015 could be ugly in terms a pricin', perduction, and weather delays. Will probly be worse than the 4th quarter a 2014 when reported. My 2 cents worth.
Fellars the next quarterly will probly show another loss in my opinion.............otherwise, why all the fuss bout saveGRAFT,ech? Lookyonover at that letter on new board members..............almost all of'em are financial engineering types or seemingly in bed with the banksters. How many of'em are operations managers that get a little dirt on thar hands walkin' round the factory floor? That's part a the problem here fellars in my view............too many financial types and not enough plant manager types who go around kickin' the tires and fidin' out what the facts are bout the market and what the problems are and how deep in the steel industry. Jest wait till them orders fer steel tubular pipe get filled and the orders dry up next quarter or so and then the trickle down effect. They need more operators-plant managers-maybe a salesman-maybe someone in the steel industry on thar board. Yet that Nathan fellar wants more financial engineers. Seems to me like both sides are clueless bout what it takes. I'ma jest reglar fellar and to me it lookyslike they all want to be in some sort a leadership position when thar adrift in the meltin' crucible? Too many chiefs and not enough Indians, eh? A fool and his money are soon parted.................better to be a smart fellar and not a fahrt smeller?