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Here is some information from the Demographic and Economic Profile of Oklahoma's Oil and Gas Operators, some main points:
"Oil production since 1980 follows a strong declining trend of about 3.2 percent per year regardless of current price. (Although) Gas production in Oklahoma is somewhat more constant in the range of 1.75 to 2.25 trillion mcf on an annual basis."
Employment in the state once topped 100,000 employees, it has since stabalized and is now more around the 31,000 range,with nearly 93% of those workers "work in oil and gas extraction with the vast majority split between jobs on the operating properties and those in oil and gas field services."
On Marginal Well Operator Segemnt:
"The total contribution of the marginal operators is an output of $1.2 billion of oil and gas in 1996 that is the basis of a multiplier of 1.5 yielding total state output of $1.9 billion."
"marginal well operators produce about 31.5 percent of the oil and 18 percent of the gas output in the state."
Interestingly enough:
"A little over 1/4th of the operators owned no mineral rights in the wells they worked. Whereas 46 percent of oil well operators and 39 percent of gas well operators had 75 percent of full ownership."
Currently it seems as if the Oklahoma price per barrel will be breaking the average 2% increase (per barel) trend it has been following for quite some time. The recent spike in oil price and the ever-growing demand for domestic oil production,(not to mention the usual summer oil price spike) will most certainly deviate from the standard projections
This is some DD I came across will be adding more as i come across it. Thanks for reading guys.
beautiful thank you, i think you are exactly what this board needed,I to have also called the company and will let you know if I hear anything
glad to here, thanks for being meticulous in your work, its nice to see this post here today, i'm in for the long run.... cant wait to see the new ibox
unbelievable, if you dropped this and were constinently bashing flippers and such that is really wrong. Longs means what then? its ok karma will come back to bite you, misleading
my sentiments exactly.... very nicely said
yeah ur right (not) *cough cough* HMGP *cough cough*CTUM*cough cough* ALRY *cough cough* NVMG *cough cough*
hey look its the village idiot.... o wait its just energyman again
come on mtcinc we took one brick at a time before,lets work on this one
somebody do like Ronald Reagan said and "Mr. Gorbachev, tear down this wall!"
just bought some more here and showed up as a sell, it was actually a buy
"By any chance is that SAR sneaking up behind going to give us any problems?"
i gotta say it guys....
"yeah that guys gonna be SARry" lol
ok.... tough crowd.... anyway the SAR is an indicator used to set stop and reversals points.
looks like the line for hot cakes on a cold day
i second that vote, learned a lot from Professor Lowman hehe.
yup sorry just had a brain fart :)
the key here is that since late march, there has been a constinent pattern of higher highs and a lower low.builing bases along the way and estblishing these bases day after day.
food must be good today :)
smack that ask nite needs to movvvvve
hey guys i have been watching since 6's and in since 8's, but i got a news alert saying this is on the naked short list sincee yesterday, any ideas why?is this a bad sign?
seems that everyday for the last couple of trading days at around this time there is a slight pullback and then a push higher right before the bell....
very nice DD on the Team Service Company today guys
amazing idea, i would have no problem in contributing, there are people especially children that are growing up in a dramatically different world then I did, the more i can do to help soften this the better. Great post Lowman
please add me to your list lowman, I am in since 55 and here for the long haul, your opinion and DD is greatly valued
still not up on scottrade, the title shows up on the alert but when clicked nothing shows up
yes sir lowman he is the mule you speak of, or the choice of the other word. Churning at these prices is nothing but healthy for the stock, let the flippers move on and this move into better hands
I realize this can be a little frustrating at times lowman, but I personally have been in since 0.0055 and I regard your opinion, and the opinions of others on here who know what an undervalued stock is, I regard it very highly. I will be the first to say thank you for all your hard work on this and I am here for the long run, GLTA longs
ahhhhh.... the ten-minute minds..... makes the saying "a mind is a terrible thing to waste" all the more significant
my prayers are with the families of everyone in this tragedy, I pray for them
please let us know what you hear in that email