Retired at 45 yrs of age
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Need detail quote page for news, msg board is Forest for some reason.
Average prices before effects of economic hedges (2):
Oil (per Bbl)
$
62.54
$
90.25
$
83.57
$
94.41
NGL (per Bbl)
$
21.90
$
33.10
$
29.44
$
32.44
Natural gas (per Mcf)
$
4.11
$
3.62
$
4.44
$
3.66
Combined (per Mcfe)(1)
$
5.30
$
5.63
$
6.17
$
5.55
Average realized prices after effects of economic hedges (2):
Oil (per Bbl)
$
69.10
$
86.87
$
81.79
$
90.49
NGL (per Bbl)
$
21.90
$
33.10
$
29.44
$
32.44
Natural gas (per Mcf)
$
4.28
$
4.69
$
4.30
$
4.82
Combined (per Mcfe)(1)
$
5.63
$
6.27
$
6.02
$
6.28
That's an interesting point at a time bitcoins are being promoted.
Others this year
dud http://amarillo.com/news/2015-02-21/oil-gas-report-feb-22-2015
ROBERTS (LARD RANCH Granite Wash –C-) Sabine Oil & Gas LLC, #1 Boone 5, 23 mi NW from Miami, Sec 5, Blk H, PSL/King, JA Surv, A-1175, spud 11-4-2014, compl 1-28-2015, tested 2-1-2015, potential 42 bbls-oil, 0 mcf, 69 bbls wtr, 20# ftp, 0# CP, TVD 8600’, PBD 8518’ API 42-393-32647, Vertical
http://www.tylerpaper.com/TP-Business/216078/oil-and-gas-drilling-report-march-22
COMPLETIONS
County; Operator; Lease/Well; Field; Depth; Choke Size; Flow Rate (24 Hrs.); Location
Rusk; Sabine Oil & Gas LLC; Wesson GU 14H; Henderson, E. (Cotton Valley); 10,880; 2.625; 29,028 Mcf; 4.2 Miles SW Henderson
http://www.americanlawyer.com/id=1202721664406/The-Bankruptcy-Files-Oil-Slide-a-Boon-to-Some-Big-Firms?mcode=1202615731542&curindex=47&slreturn=20150319001248
Kirkland & Ellis bankruptcy practice leader James Sprayregen told The Am Law Daily in February that his firm was eyeing opportunities to advise energy companies coping with the fallout from the oil slump.
Since then, Sprayregen has made good on his word as the firm picked up out-of-court restructuring roles for Sabine Oil & Gas and Samson Resources, both of which are backed by longtime Kirkland private equity clients First Reserve and KKR, respectively. (Kirkland advised KKR on its $7.2 billion buy of Samson in late 2011.)
Two more new drills
http://www.tylerpaper.com/TP-Drilling+Report/217930/drilling-report-april-19
DEVELOPMENTAL
County; Operator; Lease/Well; Field; Survey; Type; Depth; Location
Cherokee; Sabine Oil & Gas Corp.; Cherokee Trace Unit 1H; Walkers Chapel (Pettit 8100); Greenway, J.T./315; Oil/Gas; 10,000; 9.8 Miles NE Rusk
Rusk; Sabine Oil & Gas Corp.; Nicholas No. 1 Gas Unit 2H; Henderson, E. (Cotton Valley); Sparks, L.N./701; Gas; 13,000; 8.0 Miles SW Henderson
Sabine in another company report ...
Diluted shares outstanding went down by a billion and a half... actually shows good that they could manage that.
Shocker ... but is the offering not backing up Irene Haas, Wunderlich Securities, 4/29/2014 IBD?
IBD 5/2/2014, The New America section,
Cushing supposed to be full in a few more weeks ... may make this a suckers rally? I don't trust it especially with CNBC pushing returning to oil stocks yesterday .
Are you serious? Kinder Morgan , Conoco Phillips , and FEGR? lol
Spent last 40 minutes searching and reading ... with posts on 4/1 at your club maybe joke? Maybe contacted filer of shares and found out why they...? If F.E. Services is part of it maybe $LNG Corpus Christi land site or Eagleford processor ?
Those are some big names with a company that has an expired domain name...
Is the Japan deal still on?
Another company changed merger for bond loophole ... http://www.bloomberg.com/news/articles/2015-04-10/forest-oil-loophole-lures-second-energy-firm-to-skip-bond-payout
Drilling good news... as
Okay scratch the nonfilling salad after reading Ruth's bill (too much) http://www.fool.com/investing/dividends-income/2015/04/11/3-high-yield-energy-dividends-wall-street-is-missi.aspx $LNG
With 4 years to build I could see another mega $XOM merger with likes of Phillips and side Seven Seas homemade salad of $LNG ... lol
http://www.bizjournals.com/sanantonio/news/2015/03/13/three-more-lng-companies-seeking-aspot-inside-port.html
Any of that have to do with 2 years ago... http://www.bizjournals.com/sanantonio/print-edition/2012/06/15/liquefied-natural-gas-exports-could.html
This probably explains weakness last week ...
Sabine is still drilling ...
Late Thursday afternoon I heard on radio that it was 30 miles South of London and only 3-5% was recoverable because it was in densely populated area.
Perhaps GE Capital could provide financing since oil sector is their interest and they have lots of cash?
How do the laws allow majority shares allowing board and proxy wins legally be considered being an illegal CEO?
Threats implied or real to remove from board if whatever are just suggestions of reminding that one might could do so. It's not being CEO its being major shareholder like Carl Icon.
http://www.sec.gov/Archives/edgar/data/1075773/000111650209001454/treaty_172.htm
Does this mean a Cho dry well (no oil) is below a certain bbls/day?
14F filed for shareholders of today... nice life... http://ih.advfn.com/p.php?pid=nmona&article=66342926&symbol=TECO
Since year-end o/s was 132mil vs 3/31 comment o/s 214mil that equates to dumping in my assumption....
Its more likely they'll make a refinancing offer with shares since than BK since a/s is 600mil'ish but next year is more likely...
yes, Seems like something SOS Kerry could approve...
They have laws they run around all the time, like pre tyrantcare, Fed law of same price for everyone at hospital, then hospitals created discounts to contracts with insurance firms so if you had no insurance one got the shaft bill. But as from Tyrantcare shows this is what this is what the thug Congress wanted everyone on health insurance and it was never enforced.
"U.K. makes a big oil discovery ", bigger than 40 yrs worth of North Sea?!
Recently got gold promo from radio 800 ad been talking about banking system and how they can now convert your account into bank shares ... now I finally get it and the stuff is in there money / bank going belly-up but then only info on IRA transfers which are "held" for you. What nonsense... Buy gold to protect your life but then it's held for you? No protection from dollar / government collapse ... held for stuff you'll never get includling safety deposit boxes ... and now people are getting robbed probably mouth off about having incase...
I'm guessing the company may be dumping shares... plenty of buying interest... but last week saw 1k & 2k trades or so taking it down... can't watch nonstop though...
Forest was in trouble before the merger is what I understand so this debt problem had to have a plan and no conference call mesns none of our business. Of course they'll say lower oil messed up plans...
Yeah us tax payers they register ships in other countries to prevent collection from suits. That's why in Mexico, other countries, they arrest you in car wrecks to make sure you pay. I grew up in border city it common to abandon car and hurry back across river before police showed. Even State Farm agent in Texas Panhandle told me to leave car .... in 80's, to wlak across or old used car.
The posts are appreciated. Nice lessons/opinions. It should be a given though that no Bankruptcy is needed until next April for protection (unless the credit line they have forces immediate due for over credit line if it's lowered), right?
I don't know what the advisors will come up with, but they still must drill leases (they can't get to extend on the cheap while oil is down) in order to keep them (in newer zones like Eagleford, probably not East Texas except some with separate deeper leases). They cannot just pay creditors.
Both. (9900.00%) & what
What - an 8 dollar buy and probably a newsletter will say our latest pick was up a whopping (9900.00%) ....
I'm just surprised that someone risked .0999 more profit per share when Treaty hits .1/share or 7992 dollars on 80,000 shares.
They are probably very busy trading oil too
I can't imagine paying a dollar per barrel per day storage ... surely less than ten days until refined (but what happens if planned refinery shuts down unexpectedly ... ouch)...
Read from Hotstocks dated April 1 last night they had 460'ish million in revenue last year, ... with cash flow like that it shouldn't be hard to finance somewhere.
World oil production is 1.5 million barrels per day over demand now, but China wants to store strategic oil of 90 day having 91 million bbls for nine days worth ... still need 800 more but they have to build storage supposedly.
Good news, Cisco can't worm out of its infringement by Rockstar suit...
Again? Another offer(s)? Are you sure you're not looking ... Wow, so delay the case then try to buy rights from capital strapped company? Looking good if we can get to court...
Someone thinks they can work through this...