16
Oct

Wrap – Week Ended 10/14/11

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Good week for the energy group, especially for the Service names which have been overdone to the downside over the last few months. Perhaps a bit of short covering into HAL earnings on Monday. Comments in the Monday post.

20 Responses to “Wrap – Week Ended 10/14/11”

  1. 1
    crysball Says:

    This says it all for a nation without an energy policy:

    http://news.yahoo.com/colleges-expand-offerings-amid-natural-gas-boom-172318559.html

  2. 2
    crysball Says:

    Kinder Morgan acquries El Paso

    http://news.yahoo.com/colleges-expand-offerings-amid-natural-gas-boom-172318559.html

  3. 3
    zman Says:

    re 2 – thanks, nice premium

    http://www.marketwatch.com/story/kinder-morgan-buying-el-paso-in-38-billion-deal-2011-10-16-163310?siteid=yhoof

  4. 4
    zman Says:

    Modest ups on the averages:

    http://www.bloomberg.com/markets/stocks/futures/

    Crude as well

    http://www.insidestocks.com/quote.asp?sym=clx1&code=BSTK

    HAL call at 9 am EST tomorrow, comments and post should be out by 8:30 am EST.

  5. 5
    zman Says:

    SSN on the tape

    http://finance.yahoo.com/news/Samson-Oil-Gas-Advises-on-bw-53560012.html?x=0

    Defender well – normal stuff, fracs around the end of the month

    Spirit of America – drilling ahead just above the first target zone.

  6. 6
    zman Says:

    MMR call at 10 am EST tomorrow. Should get color on DJ1 test (just that all is getting ready for the mid to late December test), maybe additional pay at Lafitte and Blackbeard East.

  7. 7
    skimo Says:

    Looks like a short contest! 🙂
    http://www.reuters.com/article/2011/10/17/us-statoil-brigham-idUSTRE79G1OF20111017?feedType=RSS&feedName=innovationNews&rpc=43

  8. 8
    BirdsofpreyRcool Says:

    skimo — congrats!! Great pick. All the other little Bakken Players should stand up and cheer today too.

  9. 9
    skimo Says:

    Oh no. That wasn’t my pick! I was just noting it, congrats to whoever picked it though!

  10. 10
    BirdsofpreyRcool Says:

    Hmmmm…. wonder who the Lucky Picker is…

    Actually, anyone with Bakken Kid exposure should win here… it’s just that we don’t all get Z-Mugs.

  11. 11
    skimo Says:

    Good point, wonder if this will give the NOG shorts a little twist?

  12. 12
    zman Says:

    Holy Cow. Congrats to Ram!

  13. 13
    BirdsofpreyRcool Says:

    Go, Ram!!

  14. 14
    Zorgnak Says:

    just checking in….congrats Ram!

  15. 15
    crysball Says:

    BEXP price of $36.50 seems cheap?

  16. 16
    zman Says:

    re 15 – very cheap, expect the lawsuits to roll in in minutes.

    Post a little delayed, will be out before 9 am EST.

  17. 17
    tomdavis12 Says:

    Z: If you expect lawsuits, I assume you are holding on to your position for awhile?

  18. 18
    zman Says:

    Re 17 – I would think a little longer than normal. I think that price stinks. Anyone see a conference call?

  19. 19
    zman Says:

    The post is up

  20. 20
    tomdavis12 Says:

    Trading above the deal price is all you need to know. There will be a bump up.

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