“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty
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Too bad LPR's chance was slim. I like the potential of a bottom forming soon. $2 seems to be the lowest it may be tempted to drop.
Lone Pine Resources Inc. has a Analysts' Rating of 2.20, a Price/Book Value Ratio of 0.46, and a Forward Price/Earnings Ratio of 3.79. The short interest was 1.28% as of 06/27/2012.
Lone Pine Resources Inc. engages in the exploration, development, and production of oil and gas properties in Canada.
Miller Energy Resources, Inc. has a Analysts' Rating of 2.00, a Price/Book Value Ratio of 0.63, and a Forward Price/Earnings Ratio of 7.79.
The short interest was 28.31% as of 06/27/2012. Miller Energy Resources, Inc. engages in the exploration, production, and drilling of oil and natural gas resources in the United States.
It primarily holds interests in approximately 699,402 gross acres of oil and gas leases and exploration licenses located in South central Alaska's Cook Inlet and Susitna Basins, and the Appalachian region of eastern Tennessee.
I think natural gas prices have been the main influence on the depressed share prices outside of any silution (S8 etc.). However the service / construction side of the business seems promising.
Seems it has found a bottom around here. What do you guys make of the Lincoln funding and its impact on improving production revenue?
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=8302470
52 week high of $5.59 outside of the drop 12 months ago, makes this an interesting scenario. A move over $6 could send it much higher. Oil price improvements which I expect between here and 2013 should also do well. $7-8 possible?
New production means better cash flows which leads to more production. I like their New Mexico holdings. Btw nice hedge @ $95 Ray, kudos.
Looks like the market has found its bottom last month. Anybody holding at these levels? I think Alaska potential could be a mover to the company's pps as it unfolds. Thoughts?
Year over year growth my kind of play.
Pacific Energy Acquisition
Acquired Offshore and Onshore Processing and Production Facilities and a Modern Offshore Energy Platform.
Total Cost to Originally Build the Facilities: $300 Million+
Acquired Over 600,000 Lease Acres with Hundreds of Miles of 2-D and 3-D Geologic Seismic Data.
Experienced Operators in Place.
Recent East Tennessee Acquisitions
Miller Energy Resources is the largest owner/operator of oil and natural as wells in Tennessee.
KY-Tenn Oil (KTO)
Asset Acquisition.
177 Wells on 35,000 +/- Lease Acres.
Chattanooga Shale Play with 750 Potential Well Locations.
East Tennessee Consultants (ETC)
377 Potential Producing Wells on 5,000 Lease Acres.
Operating 500 Wells / Producing 100 Wells.
Natural Gas Potential with Pipeline Refurbishing.
Interesting expansion of management. Could mean good things. Prices have been steadily heading back toward $6 all year when most oil stocks are in decline. 2013 should be a winning year IMO.
Mild price drop. Any idea of they plan to become fully reporting with OTCBB? Financial results are encouraging.
$44M not bad for 3 days work!
Interesting article, always a big fan of Fool commentary. The potential for a takeover, your thoughts?
I would tend to agree with you sort of a dead cat bounce at least. Most oil stocks have been taking a beating as of late losing 20-30 % off oil prices but I think there is merit that is about to change.
Interesting points regarding bankruptcy. Financial results and production coming online could turn this around fast as you pointed out.
Yeah I agree most of the USA had their head in the clouds or at the camp site! I like this management team and the underlying assets so the depressed price is attractive IMO.
Very valid points IMO. Emerging markets will keep a strong demand for oil and improved market economics will also be a driver.
Both of those combined with the fact we are already out of cheap oil and it is costing more to recover such as oil sands / deep sea. This recent pull back has created a great opportunity IMO.
Btw like the signature!
While I have long been a uranium fan I think there is more upside mid-long term in oil. Maybe that is where this money will be focused and what their strategy is. Could make this a great hold for 2013.
Short term reasons I am very bullish on oil:
Investors can enter or begin accumulating a position in crude, as we have potentially seen the near-term market bottom in oil.
Investors can begin legging into a position (for example: taking a 1/3 position every week or at different price points) in case crude oil has not made a near-term bottom.
Implied volatility is low, making long calls an attractive play. Right now the VIX trades in the mid-19 range, making far-dated ITM and OTM options relatively inexpensive.
The trading price of Brent crude oil jumped up to near $93 recently due to a strike in Norway, the world's eighth largest oil producer. The strike is cutting 240,000 barrels of oil per day, and Norway's government is allowing the strike to continue.
According to the same source: "Crude oil futures rose on Wednesday as tighter North Sea supplies and strong U.S. economic data put on the back burner concerns that a European summit would do little to solve the region's debt crisis."
On July 1 the EU places oil sanction on Iran, forcing countries to obtain crude from nations other than Iran.
Nice call, seems to be trending north at this point. Will the momo last?
Got to say having a 52 week over $15 makes this look like an attractive bottom play. Developments continue (as do the law suits :( ) which seem to be positive.
I think the recent investors @ $2 a share would tend to agree with your $3-4 buy out statement. Ouch!
Resent dip could offer up buying opportunity. Managements reaction below.
SandRidge CEO Ward on U.S. Oil Drilling Resurgence
http://www.bloomberg.com/video/89783935-sandridge-ceo-ward-on-u-s-oil-drilling-resurgence.html#ooid=tjbHNkNDpTEcu-BxzaGn8M4KsNyIry2v
This guy was spot on. Wonder if he shorted it.
Source: http://www.otcmagic.com/what-happened-to-circle-star-energy-corp-otc-crcl
I bet Tobin is willing he didn't do the coverage at that time. Price took a nose dive. Now could be a different scenario.
Full Tobin report: http://nbtequitiesresearch.com/sites/default/files/uploads/CRCL_Report_Final.pdf
Corporate Summary Circle Star Energy Corp. (the “Company” or “CRCL”) is a publicly listed oil and gas exploration and production company whose shares are traded over-the-counter (OTC: CRCL).
Based in Houston, Texas, the company’s assets include producing and non-producing oil and gas mineral interests, royalty interests, and non-operated working interest located throughout Texas.
Circle Star is focused on acquiring and developing two distinct, complimentary portfolios of oil and gas interests; both portfolios will target basins and fields that generate industry leading financial returns.
1. Non-Operated, Unconventional Portfolio – mineral interest, royalty interest, and non-operated working interest operated by an established, prudent E&P company;
2. Operated, Conventional Portfolio – operated working interest in low-risk fields that are well-understood and contain substantial, proved reserves.
Promotional commentary makes some interesting points.
This is good, more capital to move forward. What are the effects of the market though?
I was impressed to see the work Jeff was doing with CRCL after his departure from CFW. Was wondering if the price was pushing it earlier this year and the pull back seems to indicate that my concerns were warranted or they are undergoing a dilutive funding.
An opportunity could be had if the dilution is curbed or if a bottom can be found based on a reasonable valuation. What do you guys think at this level?
Plans to buy Sunco -finish the pipe line -increase jovs plan to for a high speed railroad -sounds exciting growth rate 93.68% yr over yr div. Could be a good play.
I think this for a 2013 hold but short term could be a great play.
Large pull back over the last year has made this one an interesting value buy in this range.
I think that over the next few years as the infrastructure build out in the Williston Basin continues, Kodiak will have the opportunity to grow and become a major player.
The company is not giving any indications that it intends to expand its focus beyond the Williston and risk a Forest-like scenario, nor do its balance sheets indicate funding shortfalls such as are impacting Chesapeake.
Despite its volatility, Kodiak deserves a strong look for growth and future returns.
Cliffs is trading well below its consensus estimates and its 52 week high. The company is trading 52% below its 52 week high and 77% below the analysts' consensus mean target price of $84.50 for the company. Cliffs was trading Thursday for $47.26, up over 1% for the day.
Fundamentally, Cliffs has several positives. The company has a forward PE of 9.44. Cliffs' current net profit margin is 26.16%. The company has a PEG ratio of .61. EPS is expected to grow by 24% next year. The company pays a dividend with a healthy yield of 5.25%.
Interesting action on natural gas lately. Southwestern is trading well below its consensus estimates and its 52 week high. The company is trading 45% below its 52 week high and 37% below the analysts' consensus mean target price of $36.79 for the company. Southwestern was trading
Fundamentally, Southwestern has several positives. The company has a forward PE of 18.33. Southwestern's current net profit margin is 20.76%. The company has a PEG ratio of 1.01. EPS is expected to grow by 24% next year.
Nice call SM, you see the rally continuing? Here is some interesting points to consider.
Anybody holding this play? Seems like it may want to test the $0.60 level again.
Watch California for price moving developments.