Mariner Energy fka ME

[sunshinevibrations]

All--

If someone can PM the iHub Admin with the page linked below, they would change this forum to the proper company. As we know, it's no longer Mariner Energy, but 23andMe.

They told me how to do it, but I don't have a subscription now, so I can't PM, or I would do it.

https://investors.23andme.com/node/6761/html

[sage4]

ME is on steroid. What’s going on.

[Tonyboons33]

Was not clear from that segment, but are they saying that 23 & Me is storing their Data with China?? That would seem ridiculous since they are based in CA. The reporters seem to insinuiate that but I could not find anything online about China having access to the data. I know they recently sold data for $300m to GSK.

[BottomBounce]

$ME New warning about the dangers of DNA tests

[CashCowMoo]

Seems like we are in a good price range to grab some shares for the summer oil price hikes to come.

[FeelingFroggy]

I am slowly buying on this one even as it downtrends. I cannot believe it has so little interest thus far. I believe this is going to be another Amazon type stock - kind of a sleeper going in but then bang all at once. They are exploring genetics along with pharma - I bet they will be the ones to cure cancer then only the wealthy will be able to touch this stock.

[Tonyboons33]

I'm bullish on it but it keeps getting hammered. Taking small nibbles all the way down. Can't see how they won't be an absolute monster in 10+ years.

[FeelingFroggy]

$ME - I cannot believe no one is on here commenting on this once in a lifetime stock.

[FeelingFroggy]

23andme! Going to the moon!

[FeelingFroggy]

Missing out? Where is everyone on this board? It amazes me no one is commenting on this stock. Seems like a company that holds massive DNA info, just gained Lemonade, and is heading to the skies would see more action than this. Hello everybody.......................
https://www.cnbc.com/2021/12/06/this-new-cnbc-stock-index-will-track-shares-integral-to-the-lives-and-careers-of-younger-generations.html

[trendzone]

CEO on CNBC today in the next hour, might not be wise to be shorting.

[Charlye]

52 week high was 18...

[Charlye]

52 week high was 18...

[magnix2k]

$10+ - THIS WEEK!

[crudeoil24]

BOOOOOMMMMMM!!!!!!

ME

[Charlye]

Good to see you here...besides Verus

This is definetely a long long stock...a 20 or 30 bagger in a matter of 5 to 10 years IMO

[52wkhi]

ME is now 23andME (ME). i just believe in ME - Yoko and ME - that's reality. ME :)

[doebop]

Bidding $10.75

[GOLDMAN STACKS]

News in early 2014, looks like new developments any day

[GOLDMAN STACKS]

Why no activity here?

[Maimonis]

Anybody here? we r about to make moves... helloooo????

[frenchee]

New iBox...

[frenchee]

Mariner Energy Announces Conference Call to Discuss 2007 Results and 2008 Guidance


HOUSTON, Feb. 8 /PRNewswire-FirstCall/ -- Mariner Energy, Inc. (NYSE: ME) announced today that it has scheduled a conference call for 10:00 a.m. Eastern Time (9:00 a.m. Central Time) on Friday, February 22, 2008 to discuss 2007 financial and operating results. Mariner also will review 2007 year-end reserves, give an operational update and provide operational guidance for 2008. Mariner expects to release a summary of 2007 results and 2008 operational guidance after the close of trading on the New York Stock Exchange on February 21, 2008.

To participate in the conference call, callers in the United States and Canada can dial [phone]. International callers can dial [phone]. The conference pass code for both numbers is 49486865. The call also will be webcast live over the internet and can be accessed through the Investor Relations' Webcasts and Presentations section of Mariner's website at http://www.mariner-energy.com.

A telephonic replay of the call will be available through March 3, 2008 by dialing [phone], pass code 18863256. An archive of the webcast will be available shortly after the call through March 31, 2008 on Mariner's website.

[frenchee]

ME Chart

[frenchee]

Think the correction in ME will be contained at 22?

[Golden Cross]

Oceaneering Announces Mariner Energy Bass Lite Umbilical Contract
Wednesday October 11, 4:15 pm ET


HOUSTON, Oct. 11 /PRNewswire-FirstCall/ -- Oceaneering International, Inc. (NYSE: OII - News) announced that it has secured a contract with an approximate value of $30 million from Mariner Energy, Inc. (NYSE: ME - News) to supply umbilicals and the related connection hardware for the Bass Lite field development in the Gulf of Mexico.
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The order is for steel tube umbilicals totaling over 55 miles in length with hydraulic lines rated for 10,000 psi, as well as electrical and armored fiber optic lines. Umbilical manufacturing is planned to take place at the Oceaneering Multiflex facility in Panama City, Florida.

The umbilicals will be used to tie Bass Lite, located in 6,750 feet of water at Atwater Block 426, to the Devil's Tower spar in Mississippi Canyon Block 773.

Oceaneering is an advanced applied technology company that provides engineered services and hardware to Customers who operate in marine, space, and other harsh environments. Oceaneering's services and products are marketed worldwide to oil and gas companies, government agencies, and firms in the aerospace and marine engineering and construction industries.

For further information, please contact Jack Jurkoshek, Director Investor Relations, Oceaneering International, Inc., 11911 FM 529, Houston, Texas 77041; Telephone [phone]; Fax [phone]; http://www.oceaneering.com ; E-Mail [e-mail] .

[Golden Cross]

this one is still a double from here imo

[Golden Cross]

Mariner Energy Makes Debt Exchange Offer
Tuesday October 10, 6:24 pm ET
Mariner Energy Offers to Trade 7.5 Percent Senior Notes for New Debt


HOUSTON (AP) -- Oil and gas producer Mariner Energy Inc. on Tuesday said it has begun an exchange offer for its outstanding 7.5 percent senior notes due 2013.
Holders of the notes, which were issued privately in an aggregate principal amount of $300 million, may exchange them for a like principal amount of new issue of 7.5 percent senior notes due 2013.

Terms are essentially the same. However, transfer restrictions, registration rights and special interest provisions on the original notes will no longer apply.

The offer expires Nov. 9.

Shares of Mariner Energy fell 2 cents in aftermarket trading to $19.58 after rising 59 cents to end at $19.60 on the New York Stock Exchange.

[Golden Cross]

Mariner Energy Restarts Production
Wednesday September 27, 7:43 am ET
Mariner Energy Restarts Production at 2 Wells in Gulf of Mexico After Ivan, Katrina


HOUSTON (AP) -- Oil and gas exploration and production company Mariner Energy Inc. said Wednesday it restarted production at two Gulf of Mexico projects that were shut down due to hurricanes Ivan and Katrina in 2005.
Mariner said it restarted production on the Ochre and Pluto deepwater Gulf of Mexico projects.

Production at Ochre has been restored to a gross rate of roughly 10.5 million cubic feet of gas equivalent per day (MMcfe/d), while production at Pluto is producing at a gross rate of about 40 MMcfe/d.

Mariner estimates that most of its remaining production shut-in due to damage caused by the 2005 hurricanes will start up again during the fourth quarter of 2006.

[Golden Cross]

Mariner Energy Announces 6 High Bids at MMS Western Gulf of Mexico Lease Sale 200
Monday August 21, 9:24 am ET


HOUSTON, Aug. 21 /PRNewswire-FirstCall/ -- Mariner Energy, Inc. (NYSE: ME - News) announced today that it is the apparent high bidder on six blocks at the August 16th Minerals Management Service (MMS) OCS Oil and Gas Lease Sale 200. The high bids cover High Island Blocks 233, A21, A126, A154, A155, and A480, located in water depths ranging from 39 feet to 151 feet in the Gulf of Mexico. Mariner's cost exposure for the approximately 25,000 net acres covered by the blocks is approximately $4.4 million.
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This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, that address activities that Mariner assumes, plans, expects, believes, projects, estimates or anticipates (and other similar expressions) will, should or may occur in the future are forward-looking statements. Our forward-looking statements are generally accompanied by words such as "may", "will", "estimate", "project", "predict", "believe", "expect", "anticipate", "potential", "plan", "goal", or other words that convey the uncertainty of future events or outcomes. The forward-looking statements provided in this press release are based on the current belief of Mariner based on currently available information as to the outcome and timing of future events. Mariner cautions that its future natural gas and liquids production, revenues and expenses and other forward-looking statements are subject to all of the risks and uncertainties normally incident to the exploration for and development and production and sale of oil and gas. These risks include, but are not limited to, price volatility or inflation, lack of availability of goods and services, environmental risks, drilling and other operating risks, regulatory changes, the uncertainty inherent in estimating future oil and gas production or reserves, and other risks as described in the Annual Report on Form 10-K for the fiscal year ended December 31, 2005, and other documents filed by Mariner with the Securities and Exchange Commission. Any of these factors could cause the actual results and plans of Mariner to differ materially from those in the forward-looking statements.

Investors are urged to read the Annual Report on Form 10-K for the year ended December 31, 2005 and other documents filed by Mariner with the Securities and Exchange Commission that contain important information including detailed risk factors. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of Mariner.

About Mariner Energy, Inc.

Mariner Energy, Inc. is an independent oil and gas exploration, development and production company with principal operations in the Gulf of Mexico and West Texas. For more information about Mariner, please visit its website at http://www.mariner-energy.com.

[Golden Cross]

Forest Emerges From the Trees
By Robert Aronen
August 9, 2006

Forest Oil (NYSE: FST) has found its focus. After completing the spinoff of Mariner Energy (NYSE: ME), Forest is now a pure-play onshore exploration and production company. Second-quarter results provide the first look at the newly focused company and offer plenty of reason to be optimistic about Forest's future.

The first look
Forest had a strong quarter because of a 17% increase in production volume, compared to the second quarter of 2005. (The company reported results comparing this year's quarter to the results for the onshore segment of the business in 2005, excluding the Mariner spinoff from comparable numbers and making year-over-year comparisons relevant.) Increased production led to a healthy 35% increase in revenue and 26% increase in earnings per share. Natural gas prices (roughly 70% of Forest's production) were essentially flat compared to 2005, but oil prices (30% of production) rose 43% to $63.12 per barrel.

Better yet, the company is fighting against service cost increases within the oil patch. It has established a wholly owned subsidiary called Lantern Drilling to develop much of its properties. Lantern has 10 rigs, designed for the geological structures that Forest is developing. As a result of bringing some drilling activities in house and other measures, the company estimates that its total cash production costs for 2006 will be $2.69/Mcfe (thousand cubic feet equivalent), compared to $2.77/Mcfe in 2005. (Total cost includes lease operating, general and administrative, and interest and tax expenses).

Forest's future
The company estimates a 14% increase in average production rate for the full year of 2006 and continued increases into the future. Through acquisitions, partnerships, and the Mariner spinoff, the company has aggregated several attractive drilling opportunities. Management lists 12 growth areas, with 10 currently being developed. Because of drilling success year to date, the company has increased its capital spending projection to develop several good drilling prospects.

Is the price right?
By several of the standard measures used to value companies in the oil patch, Forest trades at a modest discount to many of its peers. Take a look at management's corporate update (link opens a .pdf file) from April for the details. My numbers comparing Forest to peers such as Houston Exploration (NYSE: THX) or Cimarex Energy (NYSE: XEC) basically match the comparisons provided in the corporate update, suggesting there may be some upside to these shares.

Of course, success with any investment in the oil patch is going to be closely tied to the future of oil and gas prices. If you believe high oil and gas prices are here to stay, Forest may be worth some additional research. The company is demonstrating strong production growth and has an excellent inventory of drilling prospects to drive growth well into the future. If the company

[Golden Cross]

Love offshore...a little higher priced than most issues on Ihub but well worth a look IMO...GLTA

[Golden Cross]

ME: Mariner Energy Announces 9 Blocks From MMS Oil and Gas Lease Sale Have Been Awarded
Tuesday June 13, 6:46 pm ET


HOUSTON, June 13 /PRNewswire-FirstCall/ -- Mariner Energy, Inc. (NYSE: ME - News) announced today that it has been awarded nine blocks on which it was the high bidder at the March 15th Minerals Management Service (MMS) OCS Oil and Gas Lease Sale 198. The blocks awarded include the block on which Mariner made its highest bid and two blocks located in deepwater areas of the Gulf of Mexico (depths greater than 400 meters). Mariner's net cost exposure for the nine blocks is approximately $16.5 million. Its bid on a tenth block on which it was also the high bidder was not awarded.
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Mariner Energy, Inc. is an independent oil and gas exploration, development and production company with principal operations in the Gulf of Mexico and the Permian Basin in West Texas. For more information about Mariner, please visit its website at http://www.mariner-energy.com