Category Archives: Company Specific

Simply said, $70 would cause a slew of problems for oil producers. Don’t look now but unless it is being priced of against waterborne oil, we are there. Economics get very skinny and capital budgets outspend cashflow with low oil prices…

Independent Stock Analysis considers the industrialization of China a major investment theme. Materials and metals, of course, are how we play it: Dramatic copper demand growth expected from China, India, Brazil at Mineweb . Rising China…

Steel-making met coal has remained strong so far, a commodity I lump into the ‘industrialization of China’ investment bucket. But most U.S. producers are electrical generation thermal coal production heavy. Thermal coal on its own competes…

Ridiculousness continues: Multi-trillion plan to save the eurozone being prepared at The Telegraph . State pensions will be papered over imo: Financial Sense . Fleckenstein – Fed Takes Half Step, Will Be Forced to Act Again at King World…

Energy investors have one final straw to possibly grasp: Brent oil spent the previous fourteen months over $100; the 200 day moving average is $112. Brent now having a $91 handle wouldn’t feel so good. Perhaps the Saudi’s will cut…

Peter Brandt touched off a conversation with his “Generational Bottom” post this morning on natural gas. So, what is the financial instrument to play it? UNG? With the negative roll, I’ve never seen a crappier product. Futures? Premiums…

Mine building delays and cost overruns plaque the industry, though Yamana has consistently got it done. Yamana bids $400-million for Extorre; plans 18% dividend boost at Globe and Mail . FNV holds the Taca Taca royalty. Perhaps TCK is…

The central bankers seem to be in charge. Oil Gains a Second Day on Stimulus Speculation, OPEC Output Call at Bloomberg . Oil and price incentives: Econbrowser . A conservative take on the Bakken: NDDMR . Apache goes big on horizontal…

The Bakken Buck Stops Here-Bakken Crude Pricing-Part 1: RBN Energy Enbridge faces Bakken complaints: Globe and Mail Multi decade oil inflation-adjusted at Chart of the Day . Saudi Arabia Achieving $100 Oil Signals Output Reversal at…

Newfield (NFX) CEO Lee Boothby spoke for 40 minutes this morning at the the Citi Global Energy Conference. Q1 2012 oil production was 47% of total production and I estimate using the back of an envelope should be near to mid-fifties by…

Crude glut, price plunge put oil sands projects at risk at The Globe and Mail . Monthly U.S. imports: EIA “Since 2005 the global capacity of installed wind power has quadrupled, due to a variety of factors such as improved technology…

Below is the Q1 2012 production, current market cap and acreage of five favorite Bakken players: CLR 85.5 boed $13.7b 915k+ WLL 80.7 boed $5.4b 701k OAS 17.6 boed $2.4b 307k KOG 10.6 boed $2.2b 157k NOG 8.5 boed $1.1b 170k Sustainable oil…

Conference call notes: Thrice they were asked how much was drawn on the revolver as of Friday. Answer 1: Referenced March 31 and and $3 billion less than Friday. Answer 2: Don’t recall, but $3 billion less than Friday (flippantly) Answer…

Natural Gas Vehicles: Raymond James Energy Stat of the Week Missing from the Export Land Model is the new booming US oil production growth. Saudi Arabia and solar power? Peak Oil Economist Mark J. Perry posts on oil: 1) Peak What? 2) Green…

The news flow surrounding Chesapeake is so heavy I have taken the ticker off my screen. Everything else was being drowned out. With every generalist having an opinion this situation looks to last for some time. Chesapeake has always been…

The mainstream media and blogosphere occasionally seem to begin to understand gold. Ed Yardeni at Business Insider : “More broadly, gold is a hedge against reckless fiscal and monetary policies.” Then he continues: “The dramatic…

EOG Resources is the furthest along the learning curve with the largest position in the best play. CEO Mark Papa loves to talk about the Eagle Ford on their conference calls. Too bad EOG’s stock is richly priced: “Our press release again…

A bottom for gold stocks? The group is down another 5% since this Humble Student of the Markets post. Jeff Saut on the great monetary symbolism and meaning in the yellow brick road. Following that nice read is his market commentary…

Hyper-growth continues as Q1 results were reported and the confernce call was held. Also, they are terming out their debt . To begin, the investor must know the company is a shit show. Management are kids who are looting the company. They…

Continental reported Q1 results last night and held their conference call this morning. Some highlights: Growth is robust on the back of the Bakken. Drilling efficiency continues to improve meaningfully as they move up the learning curve…

In February I wrote a Seeking Alpha essay , noting the circus surrounding the company. Two weeks ago the alcohol arrived to the party. I’ll paraphrase the key idea which appears lost in the noise: At $5 ng and $100 oil CHK is cash flow…

Exceptional results: NFX , AEM Solid quarters: TCK Tonight and tomorrow: CHK numbers and conference call should be interesting. Clunker: GG Clunker at first look: FST Disaster: NIHD My history with NII Holdings goes back a decade. It’s a…