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I am very bullish on the oil & gas sector specifically service and suppliers. SXL has great long term potential in my opinion.
Key points for consideration:
APC has a market cap of $41.7B, a P/E ratio of 49.26, and returned 10.34% since the beginning of this year.
Both Jean-Marie Eveillard and Ric Dillon invested over $200 million in the stock.
MB what is your interest here? You hearing something through the grape vine? I can't seem to reach anyone at the company let me know if you know how.
CLR has a market cap of $11.5B, a P/E ratio of 129.6, and returned 7.90% since the beginning of this year. Jeff Vinik had nearly $50 million of CLR stocks.
Let me know what you dig up around here. I will post new DD here and update the ibox.
Share Structure
Market Value1 $2,302,856 a/o Nov 03, 2011
Shares Outstanding 51,174,572 a/o Jul 31, 2011
Float Not Available
Authorized Shares 75,000,000 a/o Jul 31, 2011
Par Value 0.001
Any ideas what the float is on this one?
Recent comments from Cramer and EFS Invesment:
Cramer is pretty bearish on Cheniere, and he made the following comments: "I think you ring the register and let it come in. It [Cheniere] is up on a spike in a very difficult market."
The Texas-based Cheniere shows a trailing P/E ratio of -3.4, as of October 31. It offers no dividend, while the profit margin (-72.3%) is truly hopeless.
Analysts expect the company to have a 4.10% EPS growth next year, and earnings decreased by 143.12% this quarter. Insider transactions have decreased by 45.82% within the last six months, whereas insiders hold 3.57% of the shares. Debt-to assets ratio is at terrifying rates, and ROA is -8.18%. Debt-to equity ratio is 20.3, crushed by the industry average of 1.6. Insiders have been selling stocks for nearly a year. Just sell and regain losses as soon as possible.
http://seekingalpha.com/article/304839-cramer-s-black-list-3-sell-and-4-avoid-ideas
I agree with your points S. The risk versus reward here is attractive. Certainly with the declining prices over the last year there are going to be many unhappy campers but I would imagine that the play here now is this could be the new bottom. If they get the capital or a way to get the capital and start bringing on new production the tide around here would shift.
Hey D40 thanks for the opinion. Do you know how much capital they need to develop this OK play?
I would imagine a great rework program on a producing lease would be an excellent next step. There are plenty in Texas just looking for partners. I just did a couple myself so will be interesting to see where he goes with it next.
Cash is king so I hope he focuses on development cash flows from new developments rather then reserves as that is what will move this into a valuable play.
JMHO!
You can reach Mr. Grant through this contact information:
Contact:
Pamela McDowell
806-688-9693
shareholders@TheChancellorGroup.com
I think the next move for them is to close this deal then we can expect to see new developments which could provide some new price action.
I've been watching this one for some time and interested in what may be in store with the proceeds from this sale.
Chancellor's $2,050,000 Property Sale
Oct 20, 2011 4:30:00 PM
PAMPA, TX -- (MARKET WIRE) -- 10/20/11 -- Texas-based oil and gas producer, Chancellor Group, Inc. (OTCBB: CHAG), announced today that Gryphon Production Company, LLC, its wholly owned subsidiary, has entered into a definitive agreement to sell substantially all of its assets, including seven of its nine oil and gas leases plus yard, building and equipment, to LCB Resources for $2,050,000. The transaction is subject to customary closing conditions and is expected to close in the fourth quarter of 2011, although delays could occur.
Following consummation of the transaction, Gryphon will retain two producing leases in Gray County, Texas and continue as an oil and gas operator under a license from the Texas Railroad Commission.
Maxwell Grant, Chairman and Chief Executive Officer of Chancellor, said that the four producing oil wells and one water disposal well on the two retained Gray County leases would provide the company with steady production and allow it to continue its oil and gas operator's license.
The proceeds from the asset sale will be used to provide working capital to Gryphon and for future corporate purposes including, but not limited to, possible acquisitions and other corporate programs and purposes that have yet to be identified.
Mr. Grant commented, "We will begin working with a top American geologist and experienced landman to help us identify oil and gas opportunities in oil rich states. In particular, we will be looking for under-valued assets with sufficient reserves to provide upside."
"We continue to have no long-term debt and look forward to this exciting new phase of our business," Mr. Grant said.
About Chancellor:
Chancellor Group Inc. engages in the acquisition, exploration and development of oil and natural gas properties. It is based in Pampa, Texas. For additional information please see Chancellor's filings at www.sec.gov
Not sure it means anything but doing some due diligence here looking for undervalued plays for 2012.
ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES.
On October 5, 2011, the board of directors of Baron Energy, Inc. ("our, "us") authorized the issuance of 1,500,000 shares of our common stock to our Chairman, President, and CEO, Ronnie L. Steinocher in lieu of $75,000 of cash compensation, leaving $57, 250 owed through September 30, 2011. The price per share of $0.05 was based on the average closing price of our common stock for the last five trading days in September 2011.
On October 5, 2011, the board of directors of Baron Energy, Inc. ("our, "us") authorized the issuance of 1,500,000 shares of our common stock to our Executive Vice President and CFO, Lisa P. Hamilton in lieu of $75,000 of cash compensation, leaving $119,250 owed through September 30, 2011. The price per share of $0.05 was based on the average closing price of our common stock for the last five trading days in September 2011.
The shares were issued pursuant to the exemption provided by Section 4(2) of the Securities Act for transactions by an issuer not involving a public offering. The recipient of our securities is an "accredited investor" and he took them for investment purposes without a view to distribution. Furthermore, he had access to information concerning us and our business prospects; there was no general solicitation or advertising for the purchase of our securities; and the securities are restricted pursuant to Rule 144.
Baron Energy, Inc. to Begin Production Enhancement Programs on Recent Acquisitions
Oct 7, 2011 6:00:00 AM 2011 GlobeNewswire, Inc.
NEW BRAUNFELS, Texas, Oct. 7, 2011 (GLOBE NEWSWIRE) -- Baron Energy, Inc. (Pink Sheets:BROE) ("Baron" or the "Company"), an independent oil and gas company, announced today that field work to increase oil production will begin next week on recently acquired properties in Young and Archer Counties, Texas.
Management Comments
Ronnie L. Steinocher, President and CEO, said, "We have finalized plans to increase production at our recently acquired Keller and Tribune Leases. We will reactivate a number of oil producers and acidize two production wells. Preliminary engineering indicates that production could double in each lease. We expect each of these programs to take around a week to complete."
About Baron Energy, Inc.
Baron Energy, Inc. (Pink Sheets:BROE) is an independent oil and gas production, exploitation, and exploration company headquartered in New Braunfels, Texas, with producing assets in the prolific oil producing Permian Basin of West Texas and North Central Texas.
Baron owns production that is 100% oil, both operated and non-operated, with working interests ranging from 12.5% to 100% in oil fields located in Archer, Baylor, Garza, Jones, Runnels, Scurry, Taylor, and Young counties, Texas.
Baron's growth strategy centers on making accretive acquisitions, production enhancement programs, reactivation projects, and in-fill drilling, all within the Company's core area of North Central and West Texas. Baron's primary focus is on conventional oil production.
For more information, please visit www.baronenergy.com.
Baron Energy, Inc. Partners With "For Hire Media" as Part of Its Investor Outreach Program
Oct 4, 2011 9:58:00 AM 2011 GlobeNewswire, Inc.
NEW BRAUNFELS, Texas, Oct. 4, 2011 (GLOBE NEWSWIRE) -- Baron Energy, Inc. (Pink Sheets:BROE) ("Baron" or the "Company"), an independent oil and gas company, announced today that it has partnered with For Hire Media ("FHM") to provide global marketing and investor outreach in support of the Company's new marketing efforts.
Management Comments
Ronnie L. Steinocher, President and CEO, said, "For the past few months we have been working with FHM to develop a low-cost means to aggregate and disseminate Company information on a global scale. FHM provides this unique, global service via its recently completed website and internet processes. Focusing on the micro-cap oil and gas sector, FHM plans to continue to build out its new oil and gas website and, as it does, we expect this platform to attract more interest from retail investors on a global basis."
About Baron Energy, Inc.
Baron Energy, Inc. (OTC Markets: BROE) is an independent oil and gas production, exploitation, and exploration company headquartered in New Braunfels, Texas, with producing assets in the prolific oil producing Permian Basin of West Texas and North Central Texas.
Baron owns production that is 100% oil, both operated and non-operated, with working interests ranging from 12.5% to 100% in oil fields located in Archer, Baylor, Garza, Jones, Runnels, Scurry, Taylor, and Young counties, Texas.
Baron's growth strategy centers on making accretive acquisitions, production enhancement programs, reactivation projects, and in-fill drilling, all within the Company's core area of North Central and West Texas. Baron's main focus is on conventional oil production.
For more information, please visit www.baronenergy.com.
About For Hire Media
For Hire Media provides a low-cost, highly efficient way to mass market the client company, utilizing the vast resources of the Internet and the expertise of FHM. This process is specifically targeted to provide a substantial connect between the client company and retail investors.
By using market data, public information and constantly updating company information, retail investors will have a one-stop-shop to track the client company's progress.
For more information, please visit www.forhiremedia.com.
I am doing more DD on this one these days. Anything new from the grapevine?
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 1, 2011, Larry Trapp resigned from his positions as director and executive vice president of EGPI Firecreek, Inc. and its subsidiaries, effective as of such date. Mr. Trapps resignation from the Board was not due to any disagreement with the Company, but was made by Mr. Trapp for personal reasons.
A little more information...
A little due more information...
Some of the latest news...
Here is some recent due diligence.
2012 Oil Trade Tips
With the holiday season quickly approaching, the new year will be here before you know it. There is no reason not to start getting prepared for your 2012 stock play plans. Analysts and traders are beginning to talk 2012, are you going to be ready?
Find additional tips here: http://turnkeyoil.com/2011/11/03/2012-oil-trade-tips/
National Oilwell Varco Making the Grade?
Predicting oil stock futures are all speculation, there is not way to solidify the outcome of a company. However, there are a number of checks and balances to go through in order to better predict where a company is going.
Find additional research here:http://turnkeyoil.com/2011/10/31/national-oilwell-varco-making-the-grade/
Thanks for the heads up on this one. Looks like it might take off.
LB those were both the same filing. That so called funding doesn't seem to have done EFIR much if any good.
Most of the time these types are what they call equity lines and it just means pay up front fees then sell tradable stock to groups at discount to market.
This could account for why the stock is taking a hit recently. I have actually being looking at EGIR as a play but not sure with this outstanding dilution.
Yeah when we first started chatting was back in November / December 2010. Played the same range then when it started to push back up in February is when we did some features on it and our group made some night gains.
Since then there just hasn't been any confirmation of a new bottom but this price range is starting to make it attractive again. I will be keeping an eye on that one.
I do see lots of bargain stocks out there. While I trade listed and etf oil & gas stocks mainly I also work with some associates on some small cap spec opportunities. These are usually OTCBB. MNLU is one we are currently playing and EERG is one we are looking at accumulating among others.
I will take a closer look at AXST but as you know I like to keep my money in oil & gas for the most part.
So good we know what they are NOT doing lol. I will see what I can find stay tuned.
Again I feel it more depends on the parties involved. I have a company now going through the same process and it is on track to be done in 5-6 months. The regulatory climate is changing but if you have quality management, a solid business plan and everything is in order they will push it through.
Regardless for AOGN's deal 2 years is fine if they are able to build value for shareholders. I am looking at this for short to mid term play at the moment.
Been interested in this play recently as it has come off the $0.002 range. The chart is looking good but volume is still very low compared to the last run up and over all $ volume. I plan to do more DD so the posts here are very much appreciated.
On a side note, registration, Form 211, symbol to trading can be done in less then six months I know from person experience but all depends on how quickly the parties involved complete the required steps.
SIOR seems to be forming a new base on the chart. Increased lease holdings could lead to short term gains. Recent bankruptcy emerging and management seems to be taking a pretty aggressive approach. Due diligence still under way.
Check this link for great DD: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68415760
GP thanks for the extensive explanation. I saved this message for future reference as well. I am going to link to my discussion board for others to see.
I am a bit fan of the Mississippian Lime Play and am actually working with some operators in the area on some other deals.
I would be most interested in finding out what managements plans are for the acreage and what current production they have and plans to improve production. While significant land holders are a good business model cash flows and projected development is what often is the driver behind small cap growth.
Staying tuned.
PLANO, TX, Oct 27, 2011 (MARKETWIRE via COMTEX) -- Xtreme Oil & Gas, Inc. XTOG +2.17% (otcqb:XTOG) an independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas, announced three new completed wells on the Company's West Thrifty property in Brown County Texas passed final testing with the Railroad Commission of Texas allowing us to begin injecting water into our 5-Star Well project. These wells were completed in the Fry Sands formation and the Company expects to begin the injection process in November.
Willard G. McAndrew III, CEO of Xtreme, commented, "Passing these tests is the last critical step we needed to finish before beginning our water injection, with results expected by year end. By using a targeted water-flooding methodology within this 1,200 acre Texas property, we expect to significantly increase our daily oil production from this project. Additionally, geological studies imply we could copy this method in over a dozen additional locations on this property. As we layer on revitalizing well projects, like our 5-Star Well project, to salt water business, we continue to see leverage in our model with the added upside of future drilling projects."
Xtreme Oil & Gas, Inc. Xtreme Oil & Gas, Inc. is a rapidly growing Dallas-based independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas with operations from properties it owns in Texas, Oklahoma, and Kansas.
Forward-Looking Statement Statements included in this release related to Xtreme Oil & Gas, Inc. constitute or may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as the inherent uncertainty of finding and developing oil and gas properties, the technological and financial difficulties inherent in these activities, the price of hydrocarbons and the Company's ability to estimate accurately net revenues due to variability in size, scope and duration of projects. Further information on potential risk factors that could affect the Company's financial results can be found in the Company's reports filed with the Securities and Exchange Commission.
EERG is well positioned for a move with insider buys and a new bottom. Posting DD here http://investorshub.advfn.com/boards/board.aspx?board_id=6141
10B you still playing this one? I recently had some chats with the management and I think this is a good mid to long term play.
Recent news:
DALLAS--(BUSINESS WIRE)-- Mesa Energy Holdings, Inc. (the “Company”) (OTC: MSEH), an oil and gas exploration and production company, has successfully re-completed and tested the LLDSB #4 well in its Lake Hermitage Field located in Plaquemines Parish, Louisiana and has returned the well to production.
The LLDSB #4 was successfully re-completed in the UL-4 Sand zone in three intervals totaling 12 feet of net productive sand between 12,296 feet and 12,395 feet. In a four hour test on a 25/64ths choke, the well flowed at a rate of 137 barrels of oil and 290 thousand cubic feet of gas per day at a stabilized flowing tubing pressure of 280 lbs. Well data also indicates excellent potential up-hole at 11,630 feet in the UL-3 Sand interval.
The Company owns 100% working interest in the Lake Hermitage Field. In a third party reserve report prepared by Collarini Associates with an effective date of April 1, 2011 (filed with the Securities and Exchange Commission as an exhibit to our Form 8-K on July 28, 2011), the UL-4 Sand in the LLDSB #4 is projected to recover 119,000 barrels of oil and 587 million cubic feet of gas net to the Company’s interest with a PV-10 value of $7,630,000.
“This is the first of what we expect to be multiple recompletions and field enhancements in our five south Louisiana fields and we are very pleased with the results,” said Randy M. Griffin, CEO of Mesa Energy Holdings, Inc. "The evaluation of a number of additional recompletion opportunities is ongoing as well as the development of new oil drilling prospects and the evaluation of deep gas potential on a portion of our acreage. We are excited about the potential for significant growth in revenue and reserves in these fields and will continue to provide updates as new information warrants,” added Griffin.
AS you are talking about CFW right? Sorry I got mixed up with all the stocks I am playing. I do like the potential from here but going to be a rough couple months.
Thanks for the feedback. There is a lot of capital available for these types of opportunities so hopefully the new guy has what it takes. We are seeing many investment banks and funds putting up debt / equity financing for just this type of deal. I will continue to hold and watch.
Do you have any updates on the merger? How about some DD on what they are trying to do? TIA
EERG is a stock I think has a lot of upside at this point. Financial condition is decent, there has been lots of insider buys this year and it seems to have found a new base around $.20.
Here is some financial DD I posted:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68412410