Archive for April, 2009


30
Apr

Thursday – Natural Gas Preview + Oil Review + Lots of Earnings

I find this kind of thing typical, a clean car story touting touting a handful of technologies that will someday be used instead of gasoline. In this case 8 of them including batteries, hydrogen, ethanol and even salad oil. Who’s left out? Natural gas. In Today’s Post: Holdings Watch Commodity Watch Natural Gas Preview EIA [...]


29
Apr

Natural Gas Supply Slide Show – February 2009 Data

  EIA released their natural gas monthly for the month of February 2009 this afternoon. In a nutshell, the aggregate number hides the beginning the fall in the biggest production segment, Texas, and its still early to see the decline in rig activity in the gas numbers. Bulls who want falling numbers now and who [...]


27
Apr

SWN 1Q09 Pre Call Notes: #’s Easily Beat The Street, Guidance Going Up

SWN Easily Beats The Street On Volumes & Cost Controll; Spend Less, Produce More The 1Q09 Numbers: Production of 63.9 Bcfe (710 MMcfepd)  vs the guidance range of 60 to 61 Bcfe up 64% from 1Q08 up 11% from 4Q08 79% of production came from the Fayetteville Shale 99.6% of production was natural gas Revenues [...]


26
Apr

Wrap – Week Ended 4/24/09

  Wrap Comments: 1 & 2.  Oil Service Continues Its Massive Run; Gassy Stocks Tread Water. Oil service earnings came in better than lousy which is to say they beat sharply downwardly revised  estimates this past week from HAL to BJS to SLB. To a tee managements commented on their lack of visibility in the [...]


22
Apr

NFX 1Q09 Pre Call Note – Exceeds Expectations; Maintains Guidance

  NFX continues to motor along like a well oiled gassed machine. Couple of key takeaways from the quarterly release and @NFX update before we delve into the quarter: These guys are not growth for growth sake types, never have been, never will be. They are deliberately delaying completions in the Woodford due to low [...]

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