Archive for February, 2008


29
Feb

T.G.I.F. + SWN Results Rock

What a week! $102+ oil and $9+ natural gas! Thank you Ben Bernanke for peso-izing the dollar. I'm especially glad you don't see a recession on the horizon since the inflation you've helped to create can only be reigned through a V-shaped recovery in rates.  Commodity Watch: Natural Gas: Shot the moon yesterday after again […]


29
Feb

SWN Reports A Beat, Guides 1Q Higher, And Gives Positive Fayetteville Shale Update: Pre Call Notes

SWN – $67.65 as of 2/28/08 4Q EPS of $0.41 vs Street Consensus of $0.36 4Q CFPS of $1.17 vs Street of $1.06 (range of $0.97 to $1.16 so they beat all 18 analysts putting out quarterly #'s) 4Q production was 34.9 Bcfe; 8% higher than guidance from 12/19. 1Q08 guidance by 1 Bcfe to […]


29
Feb

EOG Analyst Conference Notes Wrap – 2/28/08 – 4 New Plays

  These Are My Call Notes With A Little Analysis Added. Key points followed by detail from the conference:  Production guidance going up: 2009 and 2010 go to 13 to 15% growth from the previously stated 10% level. Its important to note that these new volume levels do not include assumed production from the new […]


28
Feb

Thursday – Gas Preview & Oil Review + EOG Analyst Meeting Notes

Commodity Watch: Natural Gas: April contract gas retreated $0.19 to $9.06 yesterday, the first significant decline in gas prices since the first of February. The decline came as oil fell below $100 and amidst the normal volatility of front month expiry.  Colder weather forecasts continue to linger but many traders and industry analysts are citing […]


27
Feb

Wednesday – Oil Inventory Preview + More Earnings

In general, I'm an oil and gas stock (E&P) bull as you know. The E&P stocks remain cheap despite a recent run, the long term fundamentals point to higher commodity prices, and at present service cost inflation has abated and even reversed in many situations. And the companies I track are getting more efficient at […]

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