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C&J Energy Services, Inc. Message Board

wheeler.joe63 8 posts  |  Last Activity: Aug 5, 2014 7:06 PM Member since: Jun 28, 2010
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  • Reply to

    What happened to Gary's promises

    by rougherneck Aug 5, 2014 2:30 PM
    wheeler.joe63 wheeler.joe63 Aug 5, 2014 7:06 PM Flag

    Production is currently declining because they can't bring new wells on line. Infrastructure is not in place. They got ahead of themselves. When fractionation plant expands and/or new plants come on line, when they build out Eureka, then production will explode. Until then, MHR is constrained just like all the other producers in the region.

    Sentiment: Hold

  • Reply to

    Investor Day

    by jms54 Aug 4, 2014 12:17 PM
    wheeler.joe63 wheeler.joe63 Aug 4, 2014 7:27 PM Flag

    No, Stewart Winland WILL NOT be producing by the end of August. When Gary says "end of August" you can bet you will see no production until the end of October. There will be some issue come up. How about the Bakken wells being tied into the gas pipelines? That was supposed to happen by the end of 2013. Now he's saying by the end of 2014. I realize that nothing ever happens on time in the oil patch, but Gary has a habit of over promising. The quarterly report is going to be viewed as a disaster. Production is going to be way below expectations. The share price will tank. But eventually the Stewart Winland will come on line, eventually the ND gas will go to sales, and eventually the pipeline will be spun out into a MLP. Then the shorts will suffer, and those of us who have patience will profit greatly.

    Sentiment: Hold

  • Reply to

    bye bye 8's

    by dwtreturns69 Jul 7, 2014 3:16 PM
    wheeler.joe63 wheeler.joe63 Jul 19, 2014 12:43 PM Flag

    And what about tying in the gas that's being flared in ND? Gary's been promising for years that soon we'll be selling the gas instead of flaring. Now it's "by the end of the year."

    Sentiment: Hold

  • wheeler.joe63 wheeler.joe63 Jul 19, 2014 11:19 AM Flag

    My point was that you shouldn't take someone's opinion as fact. Some on this board claim that the initiative absolutely will not affect existing production. But the company clearly states in their filing that that if the initiative passes it "WOULD have a material adverse impact on production and adversely affect our ability to pay distributions." The company is trying to warn their unit holders, but some people are intent upon sticking their heads in the sand. What part of "material adverse impact" do people not understand? The insiders warn us, then dump their own shares. Yet some people claim they know better. All I can say is GOOD LUCK!

    Sentiment: Strong Sell

  • wheeler.joe63 wheeler.joe63 Jul 19, 2014 10:23 AM Flag

    The company says the initiative could affect existing production. OK, maybe it won't. But insiders dumped 2.6 million shares at $13 right after they made the filing in June. Do you think the insiders understood the risk? If the initiative does affect current production, current unit holders will be wiped out. Why would you want to take that chance? You can get a 9% yield from Breitburn (BBEP) who is increasing production and distribution. With their ever-increasing payout, BBEP's yield will surpass that of ROYT within two years, and you'll have an excellent chance of share price appreciation. Or you could buy the preferred (BBEPP) for an 8% yield. Why risk losing two thirds of your investment for 2-3 points of additional short-term yield ?

    Sentiment: Strong Sell

  • Don't take my word for it. And don't listen to Biotech. He says ban on steaming will not affect current production. The company says it will. READ THE FILING. It's on their website.

    RECENT DEVELOPMENTS



    Pending Initiative in Santa Barbara County



    A local initiative in Santa Barbara County was circulated for signature during the first half of 2014 and has recently obtained sufficient signatures to place proposed amendments to the Santa Barbara County Comprehensive Plan and the Santa Barbara County Code on the ballot in Santa Barbara County in November 2014. It is also possible that the Santa Barbara County Board of Supervisors could elect to adopt the measure without change in the coming weeks. If enacted, these amendments would either directly or indirectly prohibit utilization of waterflooding, cyclic steam injection, acid use for stimulation or maintenance, water injection, and a variety of other methods, on future well sites as well as potentially materially reducing or prohibiting utilization of such recovery techniques from currently producing wells, within Santa Barbara County. If enacted, the proposed amendments would also prohibit the use of hydraulic fracturing in Santa Barbara County, although PCEC has never used hydraulic fracturing in Santa Barbara County and has no plans to do so.



    The current and future production of PCEC’s Orcutt properties, including the Diatomite formation, which are located in Santa Barbara County, are substantially dependent on PCEC’s ability to successfully implement or continue utilizing traditional waterflooding, cyclic steam injection and other currently utilized recovery methods. For example, production utilizing cyclic steaming represented 1,660 Boe/d and 1,631 Boe/d of average net production for the year ended December 31, 2013 and the three months ended March 31, 2014, respectively, or 38% and 38%, respectively, of PCEC’s average daily net production attributable to the Underlying Properties for such p

    Sentiment: Strong Sell

  • Reply to

    New Presentation on Website

    by jms54 Jul 8, 2014 1:13 PM
    wheeler.joe63 wheeler.joe63 Jul 8, 2014 9:58 PM Flag

    As Boone Pickens said on CNBC the other day, " nothing ever comes in on time in the oil patch."

    Sentiment: Strong Buy

  • Reply to

    Anyone Notice?

    by ht0629 Jul 8, 2014 6:58 PM
    wheeler.joe63 wheeler.joe63 Jul 8, 2014 9:55 PM Flag

    The fool has been spewing his venom for what? two three years now? He previously posted as Tednation and always predicted a price drop to 1.95. The poor guy stays on the board every day waiting for a dip in share price so he can come out and stick his thumb in everyone's eye. Meanwhile, the share price grinds higher. I figure the only thing that would motivate someone to carry on like this is that he must be a disgruntled , fired, former employee.

    Sentiment: Strong Buy

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