Petroquest Energy Inc. (PQ)

[hamilton]

We'll have to turn up the pressure on PetroQuest's ventilator.

[AgSEC]

We’re having your brutally hot summer...

[hamilton]

The demand for stock today must have been from shorts buying to cover. The review of the capital structure in light of the high level of indebtedness probably marks the beginning of the end for the current common holders. The spike in the price of natural gas never came to save them.

[Twotone]

We are now PQUE and I am in.

[txyoungmoney]

wow.

[hamilton]

You must have a positive view on natural gas, eh?

[willlbone]

Got some at 50 cents.

[txyoungmoney]

Someone just placed a big bid of 810,000 shares. It's about to take off. WAY OVERSOLD Here

[willlbone]

Might get a 20% bounce off 50 cents

[txyoungmoney]

Big buyers coming in late today. We may have found a bottom here. WAY oversold, ready for a rebound.

[hamilton]

Until we get a rig in the play to drill for the oil, we're a natural gas company and our gas is not hedged beyond Q1. Prices for NG are not good in here. I'm sure Goodson hoped for a cold winter, but here we are on the first day of spring, prices are weak, and now we're praying for a brutally hot summer to get hedges on above $3.

Article in WSJ today guides sentiment:

WSJ, By Ryan Dezember and Stephanie Yang
March 21, 2018 9:00 a.m. ET

Natural-gas producers should be delighted: A cold winter has furnaces blazing into late March, domestic demand is up, and record volumes are being sold abroad.

Yet fuel prices are depressed. A pair of wells in southwest Wyoming helps explain why. This winter, Ultra Petroleum Corp. UPL +0.80% , just months after emerging from bankruptcy, completed two huge wells in the state, drilling down more than 2 miles and then sideways for another two. Each have produced enough gas to fuel every household in Wyoming.

Ultra’s wells—whose initial flows have been among the largest ever in the U.S.—show how prospectors continue to unearth huge troves of gas. That output is offsetting increases in the fuel’s use and keeping a lid on prices.
On Tuesday, natural gas futures for April delivery closed at $2.675 a million British thermal units, down 26% from a winter-heating season high reached in January and below break even for many drilling prospects. Many banks and analysts predict average prices will remain below $3 for years.

That is good for the homeowners, chemical makers and power plants that buy gas. But cheap gas has bedeviled drillers, many of whom are battling low prices by drilling bigger wells in search of efficiencies.
U.S. gas production has averaged 79.63 billion cubic feet a day this year, up nearly 10% from 2017’s record output, according to S&P Global Platts, which compiles pipeline data. “Supply is casting a pall over what’s going on on the demand side of the ledger,” said Richard Redash, who leads the firm’s North American gas and power research.

Snow days in Houston and nor’easters in March have reduced gas in storage to its lowest level in three years. Chemical makers and other manufacturers are consuming record volumes. Mexico is importing more than ever. And Dominion Energy Inc.’s Cove Point export terminal in Maryland began filling tankers with liquefied natural gas this month, pushing overseas LNG shipments to new highs.

Yet this unprecedented demand growth has barely absorbed the gas flooding the market. Gas is surging out of West Texas, a byproduct of frenzied oil drilling in the Permian Basin. Appalachian output is on the upswing as new pipelines connect swaths of the Marcellus and Utica shales to market. In Louisiana’s Haynesville Shale, and now Wyoming, producers have super-sized wells in attempts to lower their cost per unit and better compete with cheaper-to-drill areas.
Ultra has been one of the main producers in Wyoming’s Green River Basin, typically drilling vertical wells into a gas-bearing rock.

In April 2016 Ultra filed for bankruptcy protection after low gas prices pushed its earnings relative to debt below thresholds spelled out in agreements with creditors. When the Houston company emerged from bankruptcy protection a year later, it embarked on a plan to drill horizontal wells.
A horizontal well in 2016 was a flop. But this time, Ultra drilled a gusher, which maxed out at the equivalent of 51 million cubic feet a day. A third well was far less prolific.

For the fourth well, begun in January, the company went back to the more successful well design, which involved pumping 281,000 barrels of water and 12.4 million pounds of sand beneath the surface. This attempt was even better than the preceding one, producing as much as the equivalent of 54.5 million cubic feet a day. It cost about $9 million.
Severe weather this winter has helped fire up demand for natural gas. Photo: Glen Stubbe/Associated Press
On a daily basis, that is more than six times as much gas as Ultra’s typical vertical well, which cost $3 million to drill.

“Well performance like this is one of the reasons we aren’t optimistic for a natural gas price recovery,” said Ethan Bellamy, energy analyst at Robert W. Baird & Co. “There’s simply too much supply available.”
Ultra says it has 700 locations on its land where it believes it can drill similarly designed wells.
This week, Jefferies analysts lowered their gas-price forecasts for this year and next to $2.80 from $3.25. Raymond James & Associates Inc. predicts an even lower $2.75 over that time.
“We often hear the question: Is there any hope for U.S. natural gas prices?” the firm’s analysts wrote in a note to clients. “The short answer: No, there isn’t.”

[AgSEC]

If this is true, how long before we can get a rig in there assuming it will be profitable?

[wavelet8]

Some people think the selling or dumping of shares is part of the 2 mil in shares that was part of the new property purchase. Not saying this is true but is something to consider or investigate.

[AgSEC]

Not sure really. My plan of playing the 52 week low backfired in about 3 market sessions dropping my gain % to -25%. Not sure what will drive up stock price while waiting for next q

[hamilton]

Last week's trading in PQ must have been among the worst weeks of all time for percentage decline. I thought it might be related to PIK payments in stock on the debt, but it looks like that option is finished and all interest payments will be in cash going forward. I guess it's pure selling and shorting in the expectation the Q1 results will be a sequential back slide. Goodson tried to finesse capex budgeting until the Q1 call, but it only created a credibility problem for current production.

[AgSEC]

Nice buying after hours.

[AgSEC]

Looking good here. Picking up these shares now is a freebie. GLTA

[Mitchibus]

It's just that last round of dilution. When a hefty person jumps on a trampoline, they go down low before a skyrocketing bounce.

[txyoungmoney]

PQ is getting beaten like it stole something. They will be back!

[Mitchibus]

Bid and ask are paper thin.

[Mitchibus]

PQ is poised to strike big!

[Mitchibus]

Go PQ!

[nlightn]

nice strong move today,..all the way from the start.

past R1 earlier today at $4.07 and now the pivot set up is,...

R3 - 4.80
R2 - 4.47
R1 - 4.27
pp - 3.95
S1 - 3.62
S2 - 3.42
S3 - 3.10

[nlightn]

PQ looking very good here. might take a while to develop but taking a position now while its on the cheap.

pivot point R1 is $4.15,..once we bust through R2 $4.43, R3 $4.88

PP $3.70,...S1 $3.25

[stocktrademan]

PQ bullish 4.3501

ascending triangle breakout
out of a long term base





normal chart




log chart





========================================================

futures reference

inverted head and shoulders patterns bode well for associated stocks

OIL




NATURAL GAS




GASOLINE

[mick]

Petroquest Energy (PQ)
3.78 ? -0.1 (-2.58%)
Volume: 67,248 @ 4:02:03 PM ET
Bid Ask Day's Range
- - 3.76 - 3.93
PQ Detailed Quote

[mick]

PQ News: PetroQuest Energy, Inc. Invites You To Join Its Third Quarter 2016 Earnings Conference Call 10/18/2016 04:20:00 PM
PQ News: Current Report Filing (8-k) 10/17/2016 04:17:54 PM
PQ News: PetroQuest Energy Announces New $50 Million Multi-Advance Term Loan Agreement 10/17/2016 04:01:00 PM
PQ News: Statement of Ownership (sc 13g) 10/11/2016 06:03:44 AM
PQ News: Current Report Filing (8-k) 10/07/2016 08:53:20 AM

[mick]

Investors Overview/ Petroquest Energy Inc. (PQ)
PetroQuest Energy, Inc. is an independent energy company engaged in the exploration, development, acquisition and production of oil and natural gas reserves in the Arkoma Basin, East Texas, South Louisiana and the shallow waters of the Gulf of Mexico. PetroQuest trades on the New York Stock Exchange under the ticker PQ.

http://www.b2i.us/profiles/investor/fullpage.asp?BzID=1690&to=cp&ID=11294&Langid=1&s=0

[mick]

News Releases/ Petroquest Energy Inc. (PQ)

http://www.b2i.us/profiles/investor/ResLibrary2.asp?BzID=1690&g=666&to=rl&Nav=1&LangID=1&s=0&Category=1836&nolog=1


Sep 14, 2016
PetroQuest Energy Announces Results Of The Exchange Offers And Consent Solicitation As Of The Extended Early Tender Date
Sep 13, 2016
PetroQuest Energy Announces Amendment To Support Agreements And Waiver Of Minimum Condition Allowing Existing Tenders To Be Sufficient To Consummate Exchange Offers
Sep 09, 2016
PetroQuest Energy Announces Results Of The Exchange Offers And Consent Solicitation As Of The Early Tender Date And Extension Of The Early Tender Date
Sep 01, 2016
PetroQuest Energy Elects To Not Make Senior Notes Interest Payment And Enter Into 30 Day Grace Period
Sep 01, 2016
PetroQuest Energy Elects To Not Make Senior Notes Interest Payment And Enter Into 30 Day Grace Period
Aug 25, 2016
PetroQuest Energy Announces Private Exchange Offers And Consent Solicitation And Entry Into Commitment Letter For Four Year $50 Million Term Loan Facility
Aug 01, 2016
PetroQuest Energy Announces Second Quarter 2016 Results
Jul 12, 2016
PetroQuest Energy, Inc. Invites You To Join Its Second Quarter 2016 Earnings Conference Call
Jun 27, 2016
PetroQuest Energy Increases Its Second Quarter 2016 Production Guidance And Reduces Its 2016 Capital Expenditures Guidance
Jun 02, 2016
PetroQuest Energy Receives Compliance Notice From The New York Stock Exchange

[mick]

Community/ 'Petroquest Energy Inc. (PQ)'
http://www.petroquest.com/community/

We strive to give back to our community by supporting efforts that improve the quality of life in the communities in which our
employees live, work, and care for their families.

We will support causes, programs, and strengthen organizations
that will have the greatest positive impact on these communities
and all of the people who live there.

Through our affiliation with United Way and the local Chambers of Commerce, PetroQuest participates and is a leader in many community events and charities.

Employee and corporate support includes programs such as Relay for Life, supporting the American Cancer Society; Heart Walk,
supporting the American Heart Association;
and Games of Acadiana, supporting the Miles Perret Cancer Center.

Our employees also donate their time and talents to a variety
of local drives and projects that support local education and
community development, such as painting and refurbishing day care centers,
buying toys for children at Christmas,
packing food for children who don’t get adequate nutrition on
the weekends, and collecting clothes for families in shelters.

PetroQuest allows employees up to 24 hours per year of Paid Time for activities that support employees’ personal philanthropic activities, and also donates corporate funds to such causes.

We believe that enabling our employees’ efforts to make our communities stronger and healthier benefits not only the community, but our employees and the company!

[mick]

Petroquest Energy Inc. (PQ)/ http://www.petroquest.com/operations/




[-chart]www.petroquest.com/wp-content/uploads/2015/04/PQ-Ops-2015.gif[/chart]

[mick]

Sep 13, 2016
PetroQuest Energy Announces Amendment To Support Agreements And Waiver Of Minimum Condition Allowing Existing Tenders To Be Sufficient To Consummate Exchange Offers
http://www.petroquest.com/

[mick]

Sep 14, 2016
PetroQuest Energy Announces Results Of The Exchange Offers And Consent Solicitation As Of The Extended Early Tender Date
http://www.petroquest.com/

[mick]

Sep 1, 2016
PetroQuest Energy Elects To Not Make Senior Notes Interest Payment And Enter Into 30 Day Grace Period
http://www.petroquest.com/

[mick]

Current Report Filing (8-k) "Edgar (US Regulatory)" - 9/14/2016 8:35:44 AM
PetroQuest Energy Announces Results Of The Exchange Offers And Consent Solicitation As Of The Extended Early Tender Date "PR Newswire (US)" - 9/14/2016 7:30:00 AM

[mick]

where are the assets ????? 'Petroquest Energy Inc. (PQ)'

[ProStockBroker]

PETROQUEST ENERGY WILL SKYROCKET RATED BUY AND HOLD EARNINGS EXPECTED EXCELLENT$$EXCELLENT BUYING OPPORTUNITY TICKER PQ

[ProStockBroker]

PETROQUEST ENERGY Gains Rated a BUY NOW at this great price will definitely go to $6.00 by Nov 2016 earnings coming out in expected excellent entry point this afternoon PQ $$$$

[WillForeall]

What did I say :P

[WillForeall]

:)

[WillForeall]

Will be over a dolla soon :)

[WillForeall]

$71 million in cash can you say undervalued??

[Fanthos]

Bears need to lay off. This is oversold. Axis charts even say it is by a huge amount.

[Fanthos]

Takes 2 weeks to go up 15% and 1 day to go down 15%.

[LocknLoad]

Such manipulation what bunch crap free market my a@$

[Fanthos]

Week and. A half of bullish movement removed in 4 hours. Wow.

[Fanthos]

All buying, mm walking it down like it's not obvious manipulation...

[Fanthos]

Textbook bullish stock!

[Fanthos]

I'm expecting a huge move on PQ the next month or so. NG will not stay this low for long. Gas rigs are super low, exports are going now. Supply will dry up super fast.

[Chance]

targeting about sixty six cents....