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from last Friday Oil & Energy insider Premium edition
Inside Opportunities with Martin Tillier
One Of The Best-Positioned Micro Caps In The Market
With oil continuing its steep decline and now breaking through the psychologically important low from the depths of the recession in 2009, the qualities that investors should look for in an energy company have changed somewhat.
A conservative approach to expansion, which was punished in the recent past, is now looking like a smart move. Stock in companies with untapped reserves have been hit as oil has fallen, for sure, but some are beginning to buck the trend of oil’s collapse and level out, or even in some cases recover slightly. Synergy Resources (SYRG), a small, Colorado based exploration and production company would be a case in point.
The above chart offers a comparison between SYRG (the blue mountain chart) and the oil ETF OIL (the purple line). As you can see, while oil’s decline has continued, SYRG seems to have bottomed out. Relative strength such as that in a weak market is notable and justifies further investigation.
Synergy is focused on Colorado, specifically the Wattenberg field in the Denver-Julesburg basin, which brings some risk with it. The area is somewhat lacking in infrastructure and pipeline capacity for example, which may explain the more cautious approach. It also involves utilizing a type of drilling that is relatively new and thus unproven. What has presumably sparked the interest of investors, however, is that the company has eschewed rapid organic growth in the last couple of years and had instead focused on strengthening their balance sheet. That has left them in the enviable position of being able to look to acquire new leases now that prices are depressed, and that is what management has indicated they intend to do.
In essence this is a miniaturized version of the strategy that the large, multinational, integrated firms have been employing for decades, if not centuries. They don’t necessarily cut production when the commodity price falls; rather they slow plans for expansion and set about quietly acquiring assets. To do so, of course, requires some financial strength. What is unusual about Synergy for a small E&P company is that they have that. They actually have more cash on hand than outstanding debt, a rare thing indeed in the sector at the moment.
They are, then, a company that seems to have bet on lower oil prices, or at least allowed for the possibility, and are now positioned to benefit from that planning.
If the timing of their acquisitions is as good as their timing in that respect has been, they will be in a great place to ramp up production when and if prices begin to recover. The stock’s divergence from the price of oil in the last month or so indicates that the market is aware of that and makes SYRG a less risky way to bet on that outcome than most others.
(OilPrice.com)
disappointing
yes been watching MWE, they just had a filing for issue of securities..
dividend is nice, I would marry a put with this just to be on the safe side. or sell calls.
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=10769739
Markwest and Targa Resources are the next companies to watch for midstream M&A
http://www.thedeal.com/content/energy/markwest-and-targa-resources-are-the-next-companies-to-watch-for-midstream-ma.php?utm_source=dlvr.it&utm_medium=organic&utm_campaign=stocktwits
~ Tuesday! $MWE ~ Earnings posted, pending or coming soon! In Charts and Links Below!
~ $MWE ~ Earnings expected on Tuesday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=MWE&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=MWE&p=W&b=3&g=0&id=p54550695994
~ Google Finance: http://www.google.com/finance?q=MWE
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=MWE#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=MWE+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=MWE
Finviz: http://finviz.com/quote.ashx?t=MWE
~ BusyStock: http://busystock.com/i.php?s=MWE&v=2
<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=MWE >>>>>>
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
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Mr. Semple joined MarkWest on November 1, 2003. He is a member of the Board of Directors and was elected Chairman of the Board in October 2008. Prior to joining MarkWest he completed a 22-year career with The Williams Companies and WilTel Communications. He served as the Chief Operating Officer of WilTel Communications, Senior Vice President/General Manager of Williams Natural Gas Company, Vice President of Operations and Engineering for Northwest Pipeline Company and Division Manager for Williams Pipeline Company. Prior to joining The Williams Companies, Mr. Semple served in the U.S. Navy aboard the nuclear submarine USS Gurnard (SSN 662). Mr. Semple completed the Program for Management Development at Harvard Business School and a holds a B.S. in Mechanical Engineering degree from the United States Naval Academy.
Mr. Bromley was appointed as General Counsel of our General Partner in September 2004. Prior to joining MarkWest, Mr. Bromley served as Assistant General Counsel at Foundation Coal Holdings, Inc. f/k/a RAG American Coal Holding, Inc. from 1999 through 2004, and as General Managing Attorney and Sr. Environmental Attorney at Cyprus Amax Minerals Company from 1989 to 1999. Prior to that, Mr. Bromley was in private practice with the law firm Popham, Haik, Schnobrich & Kaufman from 1984 through 1989. Preceding his legal career, Mr. Bromley worked as a structural/design engineer involved in several domestic and international LNG and energy projects with the firms CBI, Inc. and Chicago Bridge & Iron Company. Mr. Bromley received his J.D. degree from the University of Denver and his bachelor's degree in Civil Engineering from the University of Wyoming.
Ms. Buese was appointed Chief Financial Officer of our General Partner in October 2006. Prior to her appointment as Chief Financial Officer, Ms. Buese served as Chief Accounting Officer of MarkWest since November 2005. Prior to joining MarkWest, Ms. Buese was the Chief Financial Officer for Experimental and Applied Sciences ("EAS") in Golden, Colorado. EAS is a wholly‑owned subsidiary of Abbott Laboratories. Prior to her employment at EAS, Ms. Buese was a Vice President with TransMontaigne Inc. in Denver, Colorado. Preceding this appointment, Ms. Buese was a Partner with Ernst & Young LLP, having spent time in the firm's Denver, London, New York and Washington, D.C. offices. Ms. Buese received her bachelor's degree in Accounting and Business Administration from the University of Kansas and is a licensed CPA in the State of Colorado.
Mr. Mollenkopf became the Chief Operating Officer in January 2011. Prior to this, he served as the Chief Operations Officer of our General Partner since October 2006. Prior to his appointment as Chief Operations Officer, Mr. Mollenkopf served as Senior Vice President, Southwest Business Unit, since January 2004 and as Vice President, Business Development since January 2003. Prior to these positions, he served as Vice President, Michigan Business Unit, of our General Partner since its inception in May 2002 and in the same capacity with MarkWest Hydrocarbon since December 2001. Prior to that, Mr. Mollenkopf was General Manager of the Michigan Business Unit of MarkWest Hydrocarbon since 1997. He joined MarkWest Hydrocarbon in 1996 as Manager, New Projects. From 1983 to 1996, Mr. Mollenkopf worked for ARCO Oil and Gas Company, holding various positions in process and project engineering, as well as operations supervision. Mr. Mollenkopf received his bachelor's degree in Mechanical Engineering from the University of Colorado at Boulder.
Mr. Nickerson was appointed as Chief Commercial Officer of our General Partner in October 2006. Prior to his appointment as CCO, Mr. Nickerson served as Senior Vice President, Corporate Development of MarkWest since January 2003. Prior to these positions, Mr. Nickerson served as Senior Vice President of our General Partner since its inception in May 2002 and served in the same capacity with MarkWest Hydrocarbon since December 2001. Prior to that, Mr. Nickerson served as MarkWest Hydrocarbon's Vice President and the General Manager of the Appalachia Business Unit since June 1997. Mr. Nickerson joined MarkWest Hydrocarbon in July 1995 as Manager, New Projects and served as General Manager of the Michigan Business Unit from June 1996 until June 1997. From 1990 to 1995, Mr. Nickerson was a Senior Project Manager and Regional Engineering Manager for Western Gas Resources, Inc. From 1984 to 1990, Mr. Nickerson worked for Chevron USA and Meridian Oil Inc. in various process and project engineering positions. Mr. Nickerson received his bachelor's degree in Chemical Engineering from Colorado State University.
Resource Plays | Cotton Valley, Travis Peak, and Pettit formations and Haynesville Shale |
Gathering | 500 MMcf/d gathering capacity |
Processing | 280 MMcf/d cryogenic processing capacity |
Market Access | Gas: Interconnects to CenterPoint Energy Gas Transmission (CEGT), Natural Gas Pipeline Company of America (NGPL), and TGT PipelineNGLs: Interconnects to West Texas Pipeline (WTPL) and Panola Pipeline |
Resource Plays | Anadarko Basin and the Granite Wash formation |
Gathering | 230 MMcf/d gathering capacity |
Processing | 235 MMcf/d cryogenic processing capacity |
Market Access | Gas: Interconnects to ANR Pipeline System (ANR), CenterPoint Energy Gas Transmission (CEGT), Natural Gas Pipeline Company of America (NGPL), and Panhandle Eastern Pipeline (PEPL)NGLs: Interconnect to OneOK |
Under Construction | |
Processing | 75 MMcf/d cryogenic processing capacity at our Arapaho complex |
Gathering | 75 MMcf/d expansion of the pipeline connecting our Granite Wash system with our Arapaho complex |
Resource Play | Woodford Shale |
Gathering | 550 MMcf/d gathering capacity |
Processing | 100 MMcf/d of third-party, rich-gas processing capacity |
Market Access | Gas: Interconnects to CenterPoint Energy Gas Transmission (CEGT), CenterPoint Field Services (CPFS), Enogex, and Arkoma Connector Pipeline |
Transportation | 625 MMcf/d FERC-regulated Arkoma Connector Pipeline (joint venture with ArcLight Capital Partners). Interconnects to Midcontinent Express Pipeline (MEP) and Gulf Crossing Pipeline at Bennington, Oklahoma |
Resource Plays | Travis Peak, Rodessa, Frio, Ellenburger, and Canyon Sand formations, as well as Haynesville and Bossier Shales |
Gathering | 125 MMcf/d gathering capacity |
Processing | 100 MMcf/d processing capacity |
Market Access | Interconnects to multiple downstream pipelines, including Natural Gas Pipeline Company of America (NGPL) |
Transportation | Three lateral natural gas pipelines in Texas with a combined capacity of approxmately 500 MMcf/d. One FERC-regulated, natural gas pipline in New Mexico with a capacity of approximately 300 MMc |
