Nutshell: Much better than expected 2Q results, minor disappointment due to the pipeline constrained guidance reduction but this is one of those "out of their control things" that institutional shareholders will often give managements (and stocks) a "get out of jail free pass for", maybe today, maybe it’ll take a little longer. The key [...]

  This is what I wrote for the Wednesday post before WLL reported: Other WLL Comments: The name is cheap at 6.1x 2009 and 3.8x 2010 CFPS. WLL has drilled some of the biggest IP rate wells in the Bakken to date with some over the 3,000 BOEpd and one well at 3,889 BOEpd (Rigel [...]

Holdings Watch: Good week last week. The $10KP: $29,800 47% Cash The $10KP positions Page is updated. The Wiki Holdings Tab is updated. This Week’s Closed Trades: HAL – Half out of my August $22 Calls for $1.21, up 177% since entry last week. HK – Sold the HK $22 August Calls (HKHS) for $2.15, [...]

Housekeeping Watch: Earnings season is heating up and that is generally the time of the quarter when I become a severe abuser of acronyms. If you have questions please ask or refer to Z’s dictionary at upper left. Sentiment Watch: Market tired but attempting to grind higher. We got "not so bad" numbers out of [...]

  NFX Reports Big Beat In Q2; Operations Highligh ts Very Strong A few key takeaways from the quarterly release and @NFX update before we delve into the quarter: They exhibited stellar cost control, better than last quarter and much better than guidance. They continue to live within cash flow. Their capital budget didn’t come [...]