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Some more info....
A little update....
Some recent info...
Another update for this company...
A little more recent information...
Some more information on the Utica...
Yet some more information on Chevron's 3rd Quarter...
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Some more recent information on TSO in case you're interested...
A little more recent information...
Jim Cramer's Latest and Greatest Energy Picks
We always like to listen to what the big name analysts have to say. Recently, Jim Cramer released his newest energy stock picks, and there a few that we like too. If you aren’t invested in these stocks yet, start your research here!
Find stock picks here: http://turnkeyoil.com/2011/11/07/jim-cramers-latest-and-greatest-energy-picks/
The entire sector was a steal then the energy price bounces have brought back great returns but I am looking for much more going into 1st quarter. Good time for energy investments.
Peak Oil & $225 Oil by 2012 Predicts CIBC Economist Jeff Rubin http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68770437
Peak Oil & $225 Oil by 2012 Predicts CIBC Economist Jeff Rubin
FULL VIDEO WATCH HERE:
PW smart play exit your principle and let the free shares ride. Are you looking at any other oil & gas plays at this time?
Shares of MUR recently traded at $47.14 with a trailing price to earnings of 9.56 and a forward price to earnings of 7.22. MUR has a 2.33% dividend yield and lost 25.51% during the past 12 months.
The stock has a market cap of $9.1 billion and total debt/equity ratio of 0.17. MUR has an estimated growth rate of 15.99% for this year and 13.5% for next five years.
Pickens had $12 million invested in MUR shares at the end of June. Steven Cohen is the largest holder of MUR shares. Cohen reduced his holdings of MUR by 81% during the second quarter and currently he holds a $28.7 million position in this company.
Shares of OXY recently traded at $77.25 with a trailing price to earnings of 11.13 and a forward price to earnings of 8.64. OXY has a 2.38% dividend yield and lost 5.38% during the past 12 months.
The stock has a market cap of $62.8 billion and total debt/equity ratio of 0.12. OXY has an estimated growth rate of 9.42% for this year and 14% for next five years.
Pickens had $12 million invested in OXY shares at the end of June. Ralph V. Whitworth had the largest position with $689 million invested at the end of June.
Ken fisher sold nearly $350 million worth of OXY shares during the second quarter. Fisher still holds a more than $500 million position in OXY.
Shares of NOV recently traded at $58.81 with a trailing price to earnings of 14.34 and a forward price to earnings of 10.34.
NOV has a 0.75% dividend yield and gained 26.99% during the past 12 months. The stock has a market cap of $24.9 billion and total debt/equity ratio of 0.03.
NOV has an estimated growth rate of 27.58% for this year and 12.53% for next five years. Pickens had $16 million invested in NOV shares at the end of June.
Ken Fisher is the largest holder of NOV shares. Fisher increased his holdings of NOV by 2% during the second quarter and currently he holds a $549 million position in this company.
HAL has a market cap of $36.0B, a P/E ratio of 13.22, and lost 3.60% since the beginning of this year.
Ken Fisher had $285 million invested in HAL. Ken Griffin’s Citadel also invested more than $100 million in the stock.
Halliburton provides a range of services and products for the exploration, development, and production of oil and natural gas around the world.
DVN has a market cap of $28.4B, a P/E ratio of 19.99, and lost 12.62% since the beginning of this year.
Jean-Marie Eveillard and Ric Dillon both had over $200 million invested in DVN stocks.
Devon is an independent energy company engaged in exploration, development and production of natural gas and oil.
ConocoPhillips is an international, integrated energy company. COP has a market cap of $98.5B, a P/E ratio of 9.19, and returned 9.26% since the beginning of this year.
Jean-Marie Eveillard had $438 million invested in COP shares. Bill Miller and Warren Buffett also had COP shares in their portfolio.
Peabody Energy Corporation is a coal company owns majority interests in 28 coal mining operations located in the United States and Australia.
BTU has a market cap of $12.7B a P/E ratio of 13.46, and lost 26.48% since the beginning of this year. Jeffery Vinik’s Vinik Asset Management had $58 million invested in BTU.
APA has a market cap of $43.0B, a P/E ratio of 10.58, and lost 11.48% since the beginning of this year.
Jean-Marie Eveillard’s First Eagle Investment Management, Ric Dillon’s Diamond Hill Capital, Boykin Curry’s Eagle Capital Management and many other hedge funds had APA in their portfolios.
Kodiak may be the best value of this group based on growth estimates. There could be a very large move to this stock if it continues to get very good IP rates.
Kodiak (KOG) is also a pure Bakken player. It has 93,500 net acres. Kodiak has four operated rigs in the play and plans a fifth in the fourth quarter of this year.
It also has two non-operated rigs. Kodiak has a $230 million 2011 capital program. This will fund 26 net wells with 21 net wells operated. Kodiak projects its long lateral Bakken wells will have EURs of 650 MBoe to 850 MBoe.
These estimates are higher than competitors, but its two recent wells could be to the high end of its projections.
EOG Resources (EOG) has 600000 net acres in the Bakken/Three Forks. It is the biggest oil producer in North Dakota. EOG has a 10 rig program, and plans 106 gross wells this year. It has had consistent well results:
Fertile 19-29H (Core Acreage) Initial production of (IP rate) 1008 Bo/d
Fertile 45-29H (Core Acreage) IP rate of 1223 Bo/d
Liberty LR 21-36H (Core Acreage) IP rate of 1201 Bo/d
Clarks Creek 3-0805H (Three Forks) IP rate of 1384 Bo/d
Hardscrabble 13-3526H (Stateline Area) IP rate of 1474 Bo/d
Remember these results are only based on oil and not oil equivalent. The Fertile wells were good, but in an area that has a good history of results. The Clarks Creek is a Three Forks well.
Hardscrabble might be the best well based on location. The Stateline Area is on the North Dakota side, but much closer to the Montana border. This shows the viability of this part of the play and helps to substantiate other smaller companies with Montana acreage.
EOG is a very large company that has done a very good job of switching its natural gas production to liquids. It continues to outperform estimates.
Whiting (WLL) was the second largest oil producer in North Dakota at the end of 2010. It has 680,137 net acres in the Bakken hydrocarbon system. It has 65056 net acres in the Sanish area. This has been a great performer.
In 2011, Whiting has drilled 21 wells in the Sanish with an average IP rate of 2020 Boe/d. These wells have a 90 day IP rate of 545 Boe/d. Whiting has an aggressive 2011 Bakken drilling program:
Sanish/Parshall-95 wells
Lewis & Clark-48 wells
Hidden Bench/Tarpon-26 wells
Starbuck-7 wells
Missouri Breaks-1 well
Cassandra-8 wells
Big Island-3 wells
Whiting has a 2011 exploration and development budget of $1.6 billion. 48% or $767 million will be spent on the Bakken.
I believe Whiting is a good investment. It is levered to the Williston Basin and is spending to develop the play quickly.
SM Energy (SM) has 204,000 net acres with Bakken/Three Forks exposure.
It has three rigs running in the area. Of its $1.55 billion 2011 cap ex program, SM will spend $190 million on the Bakken. SM Energy is more levered to the Eagle Ford than the Bakken, but it had a very good second quarter.
I believe this trend will continue. SM plans to spend an additional $185 to $205 million on the Bakken in 2012. This is a very good company with a conservative balance sheet and has been beating estimates.
Royale Energy (ROYL) use to be a pure natural gas play, but it has shifted some of its production to oil. Royale is an operator and sells working interests in those wells. It has interests in California, Utah, Texas, Oklahoma, and Louisiana.
In July of this year, Royale posted earnings for the second quarter of this year. It has over 9000 net developed and over 11,000 net undeveloped acres in California. Outside of California, Royale has approximately 1800 net developed and almost 14,000 net undeveloped acres.
Royale has begun selling interests in the wells it operates. The revenue from its turnkey drilling business, has allowed Royale to become profitable. Royale has also been able to keep decreasing costs which has improved its bottom line.
Triangle Petroleum (TPLM) may be one of the best values in the Bakken. There is plenty of risk with this name, but the reward could be quite large. This was one of my top picks for 2011, and it will be for 2012 also. Triangle has been aggressive in accumulating Bakken acres. It has been quite good at picking its non-operated acres, as its McKenzie County acreage has had impressive completions.
Triangle has $110 million in cash. Its one rig program is already funded and a three rig program by the second half of next year is possible if Triangle can find a JV partner. Station Prospect is an attractive acreage when compared to other fringe leaseholds. Because of this, JV prospects are good. It estimates production will increase from 600 Boe/d to a 2800 Boe/d 2012 exit rate in best-case scenerio.
By the end of 2012, Triangle will need approximately $25 million in cash to fund all operations. It is currently seeking a JV partner for its Station Prospect, which would more than cover this amount. I am guessing if Triangle finds a partner it will increase to a three rig program, plus purchase more acreage in McKenzie/Williams counties. I like Triangle as it is a value on per acre basis. This company comes with risk, but it could be a home-run-type stock.
Key points from my notes on HES:
Hess is a global integrated energy company that operates in two segments: exploration and production, and marketing and refining.
HES has a market cap of $20.68B and a P/E ratio of 7.40. Pickens initiated a brand new $11.5 million position in HES during the second quarter.
HES lost 17.94% since the end of June and two insiders purchased the stock since March. The stock closed at $75 at the end of June. Insider purchases were made when the stock price was $55 and $57 on August 9th and September 12th respectively.
I agree after all it is drilling new holes that creates new discoveries. McMoRan is engaged in the exploration, development and production of oil and natural gas offshore in the Gulf of Mexico and onshore in the Gulf Coast area of the United States.
MMR has a market cap of $1.97B and lost 31.28% since the end of second quarter.
Though Pickens had $20.9 million MMR at the end of June, he decreased his position by 3% during the second quarter, which minimized his loss to a certain degree.
Two insiders bought the stock since March. Steven Cohen also had $78.8 million MMR at the end of June and he largely increased his position by 239% during the second quarter
Triangle Petroleum Corporation (TPLM) is a very interesting name, and along that theme of speculation has enjoyed a fairly large move this year. I like the potential going into 1st quarter.
What is important about Triangle is how levered they are to the Bakken. Triangle had approximately 15,000 net acres in the Bakken, and were pushing to get that closer to 30,000 net acres.
This company had a sizeable cash position to buy Bakken acres and this could pay off big. This company is a little bigger and less speculative than the other names, but really looks good on paper.
This one seems to have reason for recent activity. In March 12th, 2009, this name traded for $5.50 and now is trading at almost $15. On November 29th, 2010, this stock was at $10.60 and then popped on high volume to $16.50. On February 22nd of this year the stock popped again.
There is current news about Earthstone's move to the Nasdaq, but there may be more to this name. On January 3rd, 2011, Earthstone announced a purchase of five wells in Montana that were termed under-managed. These wells were producing approximately 70 barrels of oil per day, and they were purchased for $700,000.
It seems Earthstone wasn't as interested in the wells as it was in the capital equipment and land. This land covers 2,500 acres. Earthstone also commented these assets would be well placed within other areas of interest that Earthstone is pursuing. Since the purchase these wells are producing 20% more oil and it is believed oil production can improve by over 50% in the long term.
Earthstone currently has other small positions in wells in the Bakken that they have reported to be going well.
I agree with you on that it could be setting up to do very well as oil prices continue to increase into 2012.
Mexco is an oil and gas exploration and production company engaged in assets within the United States. Mexco will generally seek out areas and obtain leases for the purpose of exploration.
Historically this company has focused on natural gas reserves. On August 17th, 2010, this company acquired the royalty interest in 5,120 gross acres covering eight sections in the Haynesville trend.
The operators in this area are PetroHawk (HK) and Chesapeake. This stock is also speculative, and seems to have significant momentum traders in the name.
Starting to look attractively priced just under $4 as oil prices are starting to run again.
On November 15th, 2010, Pyramid reported some very good results with operating income up 161% and net income up 78%. Pyramid currently has base assets in California and Texas.
This company is optimistic about its position in the Eagle Ford and is currently drilling new wells in its core California properties.