Concho Resources Inc. (CXO)

[reaper247]

OT...Hey Turnkey,

Nice work tracking down NG stocks. Been playing catch up on your posts. Feel free to delete this post as off topic.

Been watching ETFs NYSE:DIG and NYSE:DUG as a barometer, but havent dove into it yet. DIG is looking strong right now.

Wanted to mention GSRE. A POS triple zero stock that might be holding leases just north of Philadelphia on the Marcellus fairway (crows run.) I havent been able to verify the acreage though. They dont have the cash to develop them IMO, but might be interesting to watch as a potential JV canidate or buyout.

Also wanted to mention NSEEF.pk/NSEEY.pk. NSEEY is just and 10:1 ADR of NSEEF (common shares currently on the greysheets.) Norse Energy is a Norwegian company that trades in Oslo as NEC. This could be a monster.

Not only do they have 130,000 acres leased in lower New York, they also have about 400 miles of NG pipeline in Pennsylvania. The pipeline is clustered between Erie Pennsylvania and Philadelphia (with a few legs reaching into southern NY state.
They are currently tying into a Dominion Resources(NYSE:D)pipeline.

The company has recently spun off the brazillian assets into a new IPO called Panero Energy (PEN:Oslobors,) which is part of the reason the share price is down well below the 52 week low.

Interesting shareholder list also.

http://norseenergycorp.com/index.php?name=Investor_Relations%2FShare_information%2FShareholders.html

And just for a little fun and variety, I will mention JCDS. While they are not an energy company, they do provide support services to the industry.

http://ih.advfn.com/p.php?pid=nmona&article=44736125


JC Data Solutions (PINKSHEETS: JCDS), a provider of innovative and cost-effective solutions for digital office workflow and data management focusing on the Oil & Gas, Legal and Healthcare industries, has entered into an agreement to provide their Payment Manager™ services to Legacy Reserves, LP of Midland, TX.

The Payment Manager™ software, designed by JCDS especially for the Oil & Gas Industry, is part of a turnkey service that automates the distribution, delivery and archival of payments and documents to payees through ACH/EFT and posts documents to the web. The service also offers printing checks and/or statements, joint interest billing and other cost-effective data management functions.

Legacy, a public company traded on the NASDAQ under symbol LGCY, is an independent oil and natural gas limited partnership headquartered in Midland, Texas, specializes in Oil & Natural Gas Operations in the Permian Basin and Mid-Continent Regions focusing on the acquisition and development of oil and natural gas properties.

Cary Allen, CEO of JCDS, said, "Legacy Reserves is growing and recognized the need to streamline some of their processes. Payment Manger™ provides several key operational advantages as well as significant reduction of paper and manpower associated with their distribution process."