In Today’s Post: Holdings Watch Commodity Watch Natural Gas Supply Slide Show – April 2009 Data Crack Spread Update Stuff We Care About – Another, bigger XCO deal Odds & Ends Holdings Watch: $10KP: $19,100 56% Cash No trades yesterday in this directionless pre-holiday, light volume market. Commodity Watch Crude oil rallied $2.33 to close […]
EAC Acquires Mid-Con / Texas Panhandle Assets From XCO: Reserves of 24.6 mm Barrel of Oil Equivalant (BOE) 28% oil reserve life of 11.6 years (fairly long lived) 5,795 BOEpd, (pretty fully developed, reserves are listed as 100% proved developed producing) LOE of $6.95 per barrel (low cost to operate) Acquisition price: $375 mm […]
This is probably the slowest short week of the year (unless you work in the British Embassy in Iran or are Bernie Madoff). Energy discussions this week will center around who wins and who loses from the Energy Bill passed last Friday in the House. I’ve been through a few attempts at energy legislation […]
What a much ado about nothing week. Very light volumes confirm that yep, it’s summer. I’ll have comments on the wrap in Monday’s post as it is so summery that few will read the weekend edition. In this coming week’s holiday shortened trading look for a slew of economic data and some adjustments to […]
The House is expected to vote on H.R. 2454 , the American Clean Energy and Security Act of 2009, aka, the 2009 Energy Bill or more simply put, the Cap and Trade bill, later today. The vote is expected to be close. Here’s a link to the full 1201 pages of the proposed legislation. I’ve […]
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