“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yeah it appears to be getting softer as it hasn't hit under $8 since December. May go lower before going up?
Further signs of good things to come in my opinion.
Any feedback on the AGM?
I read that article yesterday from my LinkedIn. Great article, shows the growth and changes of the industry over the last two decades. SLB is quite an amazing company and will likely not cease to amaze us in the coming years.
I think like SLB the right oil field service businesses CEO Flemming intends to acquire or merge with could growth with this trend in the coming years. I would imagine such businesses may include, drilling, rework, cement, vacuum, wire line, water disposal, water recycling, site prep or other related businesses.
With managements recent insider buys (see form 4's) it appears the first r/m or acquisition is not to far away.
Starting to show some life today, volume way up. The news influencing the price or is there promotion going on here?
My thoughts exactly. And they are run by some of the best and brightest executives in the midstream business IMO.
Oh come on for a nice voyage!
Ha yeah probably stabilizes the sea with its massive size and weight!
I agree if performance of the stock is strong it outweighs the bigger yield stocks. This company has a bright future IMO.
I know crazy latest floating vessel I believe it said. I love how things keep getting bigger, better, faster and stronger lol.
Sounds like a good catalyst of things to come.
ONEOK Inc.
Ticker: OKE
Price Target: $48
Location: Houston, TX
Specialty: Midstream services
Comments: "OKE.’s interest in ONEOK Partners (OKS) is its primary growth engine (OKE owns ~40% of outstanding OKS stock plus the general partner). The GP interest provides strong cash flow growth (doubling within two years)."
Source: Morgan Stanley
Read more: http://www.businessinsider.com/morgan-stanleys-natural-gas-playbook-2012-7?op=1#ixzz21OZJoTyW
Crosstex Inc.
Crosstex
Ticker: XTXI
Price Target: $17
Location: Dallas, TX
Specialty: Midstream services
Comments: "Scarcity value with mergers/buyouts of several other publicly traded GPs that also helps establish a valuation floor with reinstatement of dividend."
Source: Morgan Stanley
Read more: http://www.businessinsider.com/morgan-stanleys-natural-gas-playbook-2012-7?op=1#ixzz21OZBjB4W
Targa Resources
nysetv1 via YouTube
Ticker: TRGP
Price Target: $54
Location: Houston, TX
Specialty: Midstream services
Comments: "Organic growth through fractionation capacity expansions and new Permian Basin gathering/processing infrastructure provide high IRR projects with low execution risk."
Source: Morgan Stanley
Read more: http://www.businessinsider.com/morgan-stanleys-natural-gas-playbook-2012-7?op=1#ixzz21OZ709iH
Market is starting to react to the most recent news on the 11th. Speculators are expecting a reverse merger or similar transaction.
Well, I believe in owning a mix of things. I think you don’t want to have all in one particular sector, particularly if you’re investing for income. Again, you have to stick around.
So I would take a look at some of the utilities out there. Southern Company (SO), for example, a big power utility in the Southeast.
A lot of these companies have been thought of as interest-rate sensitive in the past. They’re pretty much economic-growth sensitive. The formula for growth for utilities is capital spending plus favorable regulation equals higher cash flow, higher dividends, and a higher share price.
This one has it, I think, made for that. Again, a very stable part of the country that continues to grow. It now looks like their nuclear power plant, the Vogtle additions there are going to get the relicensing by the end of the year, so that’s a big capital investment. It’s going to go through into earnings, dividends, and share price.
So again, a very nice addition. You put those two in your portfolio, you’re not going to be sorry.
Do you own either or both of those personally or professionally?
I do own professionally both of them. I own Southern Company from my own account. I have for about 20 years now.
http://www.moneyshow.com/investing/article/43/VideoTrans-24506/2-High-Yielding-Energy-Picks/?aid=videotrans-24506&iid=VideoTrans&page=2
Along with energy prices, even though a lot of them don’t have a direct exposure in energy prices. So take a look at some of the master limited partnerships like Enterprise Products Partners (EPD).
That’s been one of your favorites for a long time.
One of my favorites for a long time. It’s always a good one to pick up when the price comes down.
Now, they run pipelines, or do they?
A lot of what’s fee-based assets. So in other words, pipelines, processing facilities, various assets that just generate fees from very credit-worthy customers, such as super oils, which are actually rated higher now than Uncle Sam, many of them.
So you get that type of credit. You’ve got very, very low borrowing rates, very low cost of capital for these companies. And for Enterprise, it can basically just go out there, pick projects, almost completely contract them in advance, raise the money very cheaply.
It adds to cash flow, and it adds to dividends. They’ve increased dividends 29 quarters in a row. That covers you through 2008, when oil prices went from $150 to less than $30 in just a few months, so it covers a lot of territory and it really shows you how bulletproof a company like that is.
http://www.moneyshow.com/investing/article/43/VideoTrans-24506/2-High-Yielding-Energy-Picks/?aid=videotrans-24506&iid=VideoTrans&page=2
In April, Shell acquired a 6.4% equity stake in Chevron Corp’s (CVX) Wheatstone LNG project, the first phase of which will have a combines capacity of 8.9 mtpa.
Excerpt from:
6 Companies with Big Plans for LNG
http://www.moneyshow.com/investing/article/1/tptp091511-24533/6-Companies-with-Big-Plans-for-LNG/&scode=024328
If the supply of natural gas grows as anticipated, there will be plenty of demand to take up the slack, observes Peter Staas of InvestingDaily.
Until recently, the majority of Royal Dutch Shell’s investments in liquefied natural gas (LNG) have focused on exporting the fuel from gas-rich regions to markets where the fuel commands a premium price.
Then, on May 20, Royal Dutch Shell (RDS.A) made its final investment decision on the world’s first floating liquefied natural gas (FLNG) vessel, an innovation that promises to open up a large number of stranded natural gas fields to development.
Advertised as the longest floating structure in the world, Shell’s first FLNG facility will span more than four soccer fields, weigh more than six times as much as the world’s largest aircraft carrier and tower 17 stories above the water.
The hulking vessel will operate in Shell’s wholly-owned Prelude field offshore Northwest Australia, which was discovered in 2007 and is estimated to contain about 3 trillion cubic feet of natural gas equivalent reserves. Management expects the vessel to extract about 3.6 million metric tons per annum (mtpa) of liquefied natural gas, 1.3 mtpa of condensate and 400,000 mtpa of liquefied petroleum gas.
Shell estimates that the FLNG vessel will cost $3 to $3.5 billion per mtpa of LNG capacity, which amounts to a total cost of $10.8 to $12.6 billion.
This massive undertaking isn’t Shell’s first investment in Australian LNG projects that will export the fuel to Asian markets.
The firm in 2009 made a final investment decision on its 25% stake in Gorgon, a massive LNG export facility with a capacity of 15 mtpa on Barrow Island, offshore Western Australia that will process gas extracted from the subsea Gorgon and Jansz-Io fields.
http://www.moneyshow.com/investing/article/1/tptp091511-24533/6-Companies-with-Big-Plans-for-LNG/&scode=024328
Yeah Houston took that title but Tulsa still holds it down! We are looking at some OK based projects currently as a matter of fact.
I have seen Tulsa a while back but I may have to put that in my Netflex que again, the oil classics never get old!
I haven't seen the new Dallas yet but was a fan of the original as well. Its pretty good?
Re: HIIT - I believe the actual float is 18M but the tradable float is around 5M (less friendly hands) as per the company.
As per their PR I expect a reverse merger or similar type of transaction. Communications with CEO Flemming indicate that the businesses he is targeting for his M & A program are not conceptual but rather the opposite, growth stage service providers that are generating positive cash flows and have considerable upside through investment.
HIIT would then merge or acquire such businesses while providing them capital (credit lines, debt facilities, etc.) to grow the business and its revenues.
Oil field services are in extremely high demand specifically here in Texas and CEO Flemming has a track record of building up businesses and successfully financing them. Will be interesting to see what he has in store for us in the coming weeks / months.
As of last week the stock moved from a low of $0.03 to a close on Friday of $0.06.
It appears to have found a bottom as far as the chart goes. Volume however has tapered off which seems to point out lack of interest at these levels.
I agree the business seems sound, they may not be focusing enough on the fact they are a public company and working with investment groups to gain support for the stock. I will see if I can reach someone at the company and see if I can find out more information.
Plan Of Operation
Interesting action on the chart momo-e. Will check it out.
Thanks for the caution DS as I understand it this one has left a lot of poor investors holding the bag. I agree with you it seems that there are too many opportunities for management teams to get away with false promises and lack of follow through to the expense of the shareholder. I wish you the best of luck.
Based on the PR for HIIT it appears a reverse merger may be expected soon. Steady accumulation this last week on the chart could be an indicator the deal is close.
HIIT jumped to $0.06 this week from a low of $0.03. Expecting a reverse merger or similar type of transaction based on the most recent PR. Less then 35M shares outstanding.
HIIT jumped to $0.06 this week from a low of $0.03. Expecting a reverse merger or similar type of transaction based on the most recent PR. Less then 35M shares outstanding.
HIIT is rumored (and supported by their last PR) to be acquiring a big oil field service company.
I know a couple large investors that are starting to accumulate over the next week - 2 weeks. The tighter the float the more it will move when they complete their first acquisition.
Stock traded up to $0.06 this last week on light volume. Very bullish here.
Goodrich Petroleum Corp. has a Analysts' Rating of 2.20, and a 1-Year Projected Earnings Per Share Growth Rate of 290.90%. The short interest was 31.54% as of 06/21/2012.
Goodrich Petroleum Corporation, an independent oil and natural gas company, engages in the exploration, development, and production of oil and natural gas. The company holds interest in Eagle Ford Shale and Buda Lime formations in south Texas; Haynesville Shale and Cotton Valley Taylor Sand in northwest Louisiana and east Texas; Tuscaloosa Marine Shale in southeast Louisiana and southwest Mississippi; the Midway field located in San Patricio County, Texas; and the Garfield Unit in Kalkaska County, Michigan.
It owns working interests in 401 producing oil and natural gas wells located in 29 fields in five states.
Comstock Resources Inc. has a Analysts' Rating of 2.20, and a 1-Year Projected Earnings Per Share Growth Rate of 350.70%. The short interest was 28.73% as of 06/21/2012.
Comstock Resources, Inc. engages in the acquisition, exploration, development, and production of oil and natural gas properties in the United States. The company's oil and gas operations are primarily located in east Texas/north Louisiana, south Texas, and west Texas, as well as in New Mexico, Kentucky, and the Mid-Continent region.
It owns interests in approximately 1,711 producing oil and natural gas wells, as well as operates 974 of those wells.
Gran Tierra Energy, Inc. has a Analysts' Rating of 1.80, and a 1-Year Projected Earnings Per Share Growth Rate of 43.14%. The short interest was 1.00% as of 06/21/2012.
Gran Tierra Energy Inc., an independent energy company, engages in the acquisition, exploration, development, and production of oil and gas properties in Colombia, Argentina, Peru, and Brazil.
As of December 31, 2011, the company's acreage included 3.5 million gross acres covering 21 exploration and production contracts in Colombia.
Forest Oil Corp. has a Analysts' Rating of 2.20, and a 1-Year Projected Earnings Per Share Growth Rate of 69.23%. The short interest was 12.10% as of 06/21/2012.
Forest Oil Corporation, an independent oil and gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. The company primarily has interests in the properties in the Texas Panhandle; the east Texas/north Louisiana; and the Eagle Ford Shale in south Texas.
As of December 31, 2011, its total estimated proved oil and gas reserves were approximately 1,904 billion cubic feet equivalent. The company was founded in 1916 and is headquartered in Denver, Colorado with an additional office in Houston, Texas.
Bonanza Creek Energy, Inc. has a Analysts' Rating of 1.90, and a 1-Year Projected Earnings Per Share Growth Rate of 67.30%. The short interest was 2.28% as of 06/21/2012. Bonanza Creek Energy, Inc. operates as an independent oil and natural gas company in the United States. It primarily engages in the acquisition, exploration, development, and production of onshore oil and natural gas assets in southern Arkansas of the Mid-Continent region; and the Wattenberg field and North Park basins of the Rocky Mountain region. The company also owns and operates oil producing assets in the San Joaquin Basin of the California region.
I agree, just noticed the pop in price and wondered if the filing had anything to do with it. Thanks for the feedback.
Hey DFW got to say I am a sucker for old movies, specifically old movies about oil!
I like CQP here and will hold likely into 2013. I am pretty bullish about nat gas prices in the coming year as well.
I agree with your points. This one has a lot of potential. I am very long.
Looks like they did. Must be confident in the upcoming acquisitions / reverse merger.
Here are the links I found to the Form 4's:
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=8284431
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=8284417
Yeah its too bad when these companies go in reverse. Usually greed or incompetence are the drivers. I just started looking at this one so thanks for the feedback.
Regardless glad to meet you and share DD. I am 100% oil & gas and occasionally have some good ideas!
I was taking a stab at the fact your name was oil sleuth assuming you were actually from the oil patch (in the oil field?) or figuratively involved in oil deals. Either way nice to know you.