The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
few, thought for a minute it was just me and NH, still here and holding mate,
hope so fella
brent through $55
down 94 rigs. http://www.reuters.com/article/2015/01/30/us-markets-oil-idUSKBN0L305Q20150130
The initial horizontal Wolfcamp well is currently scheduled to commence operations on or before February 1, 2015 (the "Initial Commitment Well") with CWEI as the operator. i wonder if they will reach an 'agreement' to delay this well for a few months ?
http://oilprice.com/Energy/Crude-Oil/Whats-Next-For-OPEC.html
malcy = Gospel
http://uk.businessinsider.com/baker-hughes-rig-count-january-23-2015-1
no nothing new or worth sharing unfortunately,
Had an email from rich last night funny enough lol. Perhaps he reads the board .... careful what you say lol
important to note also that; 150,000 shares of a new series of Matador Convertible Preferred Stock to HEYCO Energy Group, Inc. (convertible into 10 shares of Matador Common Stock for each share of Preferred Stock), so the preferred stock options have a value if converted of 1.5m shares @ $21.5 = an additional $32m
thanks for posting, looks interesting. $37.4m cash 3,140,960 shares @ $21.5 a share = $67,530,640 Total Value = $105m for a company producing 540 boepd (Q4 2013) seem to have a large amount of acreage though and cant find what their debt obligations are ??
full name title Richard R. Albro Vice President, Land Caza Petroleum, Inc.
ralbro@cazapetro.com although he hasn't replied to me in a while, gone quiet
Financial and Performance Covenants: The Agreement provides for customary covenants. The Company is also required to comply with covenants, which are tested quarterly, providing for specified interest coverage ratios beginning in the quarter ending September 30, 2013, and asset coverage ratios and minimum production, beginning in the quarter ending March 31, 2014. In addition, the Company is required to maintain a limit on expenditures for general and administrative costs.
rigs dropping off, once the completions catch up then the effect will come through....
http://uk.businessinsider.com/baker-hughes-rig-count-january-16-2015-1?r=US
http://www.dailyfx.com/crude-oil even a small recovery above $50 would be welcome,
you don't work for Goldman Sachs do you?.........