Comments for BeatingTheIndex.com http://www.beatingtheindex.com Free and independent analysis in the oil and gas sector Wed, 16 May 2012 14:52:39 +0000 hourly 1 http://wordpress.org/?v=3.3.2 Comment on The Viking Oil Play in Alberta by My Own Advisor http://feedproxy.google.com/~r/CommentsForBeatingtheindexcom/~3/IIICDFDQJ1U/ My Own Advisor Wed, 16 May 2012 14:52:39 +0000 http://www.beatingtheindex.com/?p=3261#comment-5731 Wow, detailed post. I think I understood most of it :) Wow, detailed post.

I think I understood most of it :)

]]> http://www.beatingtheindex.com/the-viking-oil-play-in-alberta/comment-page-1/#comment-5731 Comment on The Viking Oil Play in Saskatchewan by The Viking Oil Play in Alberta | BeatingTheIndex.com http://feedproxy.google.com/~r/CommentsForBeatingtheindexcom/~3/AcQzSDUCTxA/ The Viking Oil Play in Alberta | BeatingTheIndex.com Tue, 15 May 2012 17:19:34 +0000 http://www.beatingtheindex.com/?p=3113#comment-5729 [...] part of our series covering oil production from the Viking formation; the first post covered the Viking oil play in Saskatchewan. Today’s post will cover the Viking oil play in Alberta along with the notable players [...] [...] part of our series covering oil production from the Viking formation; the first post covered the Viking oil play in Saskatchewan. Today’s post will cover the Viking oil play in Alberta along with the notable players [...]

]]> http://www.beatingtheindex.com/the-viking-oil-play-in-saskatchewan/comment-page-1/#comment-5729 Comment on Weekend Edition: IEA Raises Oil Demand for 2012 by Mich http://feedproxy.google.com/~r/CommentsForBeatingtheindexcom/~3/puAbXvS40rU/ Mich Mon, 14 May 2012 18:33:23 +0000 http://www.beatingtheindex.com/?p=3254#comment-5725 Hi Lee, US based companies trade on different metrics, don't waste your time comparing with CAD companies. As for ARW, they are oil weighted so they sure command a higher $/BOED and at $55k they are starting to get cheap. Cheers, Mich Hi Lee,

US based companies trade on different metrics, don’t waste your time comparing with CAD companies.

As for ARW, they are oil weighted so they sure command a higher $/BOED and at $55k they are starting to get cheap.

Cheers,

Mich

]]> http://www.beatingtheindex.com/weekend-edition-iea-raises-oil-demand-for-2012/comment-page-1/#comment-5725 Comment on Weekend Edition: IEA Raises Oil Demand for 2012 by Mich http://feedproxy.google.com/~r/CommentsForBeatingtheindexcom/~3/b2jf0E0J2C0/ Mich Mon, 14 May 2012 18:32:08 +0000 http://www.beatingtheindex.com/?p=3254#comment-5724 Totally agree with you on SEQ! Divvy not sustainable BUT if I want to pay for a natural gas weighted company in the Peace River Arch, I would go with SEQ rather than others. SEQ is financially in better shape than gasers like WDN. You seem to like the natural gas weighted players :) Cheers, Totally agree with you on SEQ! Divvy not sustainable BUT if I want to pay for a natural gas weighted company in the Peace River Arch, I would go with SEQ rather than others. SEQ is financially in better shape than gasers like WDN.

You seem to like the natural gas weighted players :)

Cheers,

]]> http://www.beatingtheindex.com/weekend-edition-iea-raises-oil-demand-for-2012/comment-page-1/#comment-5724 Comment on Eagle Energy Trust: Permian Basin Asset Ensures Sustainability by Weekly Product Review Roundup and Carnival Gratitude | Finance Product Reviews - Be Informed http://feedproxy.google.com/~r/CommentsForBeatingtheindexcom/~3/s2A0FTiM1mc/ Weekly Product Review Roundup and Carnival Gratitude | Finance Product Reviews - Be Informed Mon, 14 May 2012 11:03:24 +0000 http://www.beatingtheindex.com/?p=3243#comment-5722 [...] Beating Broke presents Money Rules by Jean Chatzky , a book review. Card Hub presents Is the LivingSocial Credit Card Worth Getting? Free From broke presents The Best Airline Miles Credit Cards  Amateur Financier presents Book Review – The Art of Non-Conformity One Money Design presents Saving Money For College – A Upromise Review Nicole and Maggie: Grumpy Rumblings presents All the money in the world: A book review PT Money presents My Accountant Reviews QuickBooks Online vs. Desktop Card Hub reviews Bank of America’s New Travel Rewards Credit Cards Beating The Index reviews Eagle Energy Trust [...] [...] Beating Broke presents Money Rules by Jean Chatzky , a book review. Card Hub presents Is the LivingSocial Credit Card Worth Getting? Free From broke presents The Best Airline Miles Credit Cards  Amateur Financier presents Book Review – The Art of Non-Conformity One Money Design presents Saving Money For College – A Upromise Review Nicole and Maggie: Grumpy Rumblings presents All the money in the world: A book review PT Money presents My Accountant Reviews QuickBooks Online vs. Desktop Card Hub reviews Bank of America’s New Travel Rewards Credit Cards Beating The Index reviews Eagle Energy Trust [...]

]]> http://www.beatingtheindex.com/eagle-energy-trust-permian-basin-asset-ensures-sustainability/comment-page-1/#comment-5722 Comment on Eagle Energy Trust: Permian Basin Asset Ensures Sustainability by Weekend Reading: Happy Mother’s Day Edition + Announcing the iPad Winners + My Trip to Grenada and Some News | Invest It Wisely http://feedproxy.google.com/~r/CommentsForBeatingtheindexcom/~3/t7qyLzA-JKg/ Weekend Reading: Happy Mother’s Day Edition + Announcing the iPad Winners + My Trip to Grenada and Some News | Invest It Wisely Sun, 13 May 2012 21:26:17 +0000 http://www.beatingtheindex.com/?p=3243#comment-5721 [...] Eagle Energy Trust: Permian Basin Asset Ensures Sustainability [...] [...] Eagle Energy Trust: Permian Basin Asset Ensures Sustainability [...]

]]> http://www.beatingtheindex.com/eagle-energy-trust-permian-basin-asset-ensures-sustainability/comment-page-1/#comment-5721 Comment on Weekend Edition: IEA Raises Oil Demand for 2012 by Lee Roth http://feedproxy.google.com/~r/CommentsForBeatingtheindexcom/~3/zqhZjIpDzlU/ Lee Roth Sun, 13 May 2012 20:44:57 +0000 http://www.beatingtheindex.com/?p=3254#comment-5720 Hey Mich, I just checked SEQ.TO (Shoreline). The divy is not sustainable imo. Their annual cash flow can not support it and I believe they will cut it soon. It is a divy trap. The divy expense is $4,5 M annually. The annual cash flow of SEQ.TO is much less than the divy expense. So The annual cash flow can not fund both the divy and the capex. So they borrow to pay the divy. Thus I can not count on it my investing position, if any. Cheers ! Lee Hey Mich,

I just checked SEQ.TO (Shoreline).
The divy is not sustainable imo.
Their annual cash flow can not support it and I believe they will cut it soon. It is a divy trap.

The divy expense is $4,5 M annually.
The annual cash flow of SEQ.TO is much less than the divy expense.
So The annual cash flow can not fund both the divy and the capex.
So they borrow to pay the divy. Thus I can not count on it my investing position, if any.

Cheers !
Lee

]]> http://www.beatingtheindex.com/weekend-edition-iea-raises-oil-demand-for-2012/comment-page-1/#comment-5720 Comment on Weekend Edition: IEA Raises Oil Demand for 2012 by Lee Roth http://feedproxy.google.com/~r/CommentsForBeatingtheindexcom/~3/c91ujNuw1Uc/ Lee Roth Sun, 13 May 2012 20:22:50 +0000 http://www.beatingtheindex.com/?p=3254#comment-5719 Dear Mich, The us based companies are not as much oily as you think. However they are much higher valued than the canadian ones. So it is not an oil mix thing. To support this: GEOI has 65% oil and MQL.V (Marquee) has also 60% oil. Their valuation gap is huge. MHR (Magnum) has a 50% oil same like PCE.TO (Pace) Again the valuation gap (per boepd, per cash flow, per NAV) between MHR and PCE.TO is huge. I had a look at ARW.V (Aroway) which has a 55,000 $/boepd valuation currently and trade 20 times the annual cash flow. That being said, it is not a bargain for me currently. I ll check the other company you mentioned soon and I ll provide you my feedback. Cheers ! Lee Dear Mich,

The us based companies are not as much oily as you think.
However they are much higher valued than the canadian ones. So it is not an oil mix thing. To support this:
GEOI has 65% oil and MQL.V (Marquee) has also 60% oil. Their valuation gap is huge.

MHR (Magnum) has a 50% oil same like PCE.TO (Pace)
Again the valuation gap (per boepd, per cash flow, per NAV) between MHR and PCE.TO is huge.

I had a look at ARW.V (Aroway) which has a 55,000 $/boepd valuation currently and trade 20 times the annual cash flow. That being said, it is not a bargain for me currently. I ll check the other company you mentioned soon and I ll provide you my feedback.

Cheers !
Lee

]]> http://www.beatingtheindex.com/weekend-edition-iea-raises-oil-demand-for-2012/comment-page-1/#comment-5719 Comment on Weekend Edition: IEA Raises Oil Demand for 2012 by Occupy the Garden (plus some links) | 101 Centavos http://feedproxy.google.com/~r/CommentsForBeatingtheindexcom/~3/9tPIFcl1rKg/ Occupy the Garden (plus some links) | 101 Centavos Sun, 13 May 2012 18:22:51 +0000 http://www.beatingtheindex.com/?p=3254#comment-5718 [...] Mich @ Beating the Index has more energy news from EIA, and a clutch of interesting links, including one from here. [...] [...] Mich @ Beating the Index has more energy news from EIA, and a clutch of interesting links, including one from here. [...]

]]> http://www.beatingtheindex.com/weekend-edition-iea-raises-oil-demand-for-2012/comment-page-1/#comment-5718 Comment on Eagle Energy Trust: Permian Basin Asset Ensures Sustainability by Occupy the Garden (plus some links) | 101 Centavos http://feedproxy.google.com/~r/CommentsForBeatingtheindexcom/~3/EikfplO4-Xc/ Occupy the Garden (plus some links) | 101 Centavos Sun, 13 May 2012 18:22:08 +0000 http://www.beatingtheindex.com/?p=3243#comment-5717 [...] More on investing in energy plays, Mich @ Beating The Index writes at length on Eagle Energy Trust [...] [...] More on investing in energy plays, Mich @ Beating The Index writes at length on Eagle Energy Trust [...]

]]> http://www.beatingtheindex.com/eagle-energy-trust-permian-basin-asset-ensures-sustainability/comment-page-1/#comment-5717 Comment on Weekend Edition: IEA Raises Oil Demand for 2012 by Mich http://feedproxy.google.com/~r/CommentsForBeatingtheindexcom/~3/cnkvzbtg2Oo/ Mich Sun, 13 May 2012 15:15:40 +0000 http://www.beatingtheindex.com/?p=3254#comment-5716 Lee, if you want a pure player on the Peace River Arch area, try Aroway Energy and Shoreline. In fact, if you like natural gas weighted companies, I suggest you take a close look at shoreline as it comes with a nice divvy! Cheers, Lee, if you want a pure player on the Peace River Arch area, try Aroway Energy and Shoreline. In fact, if you like natural gas weighted companies, I suggest you take a close look at shoreline as it comes with a nice divvy!

Cheers,

]]> http://www.beatingtheindex.com/weekend-edition-iea-raises-oil-demand-for-2012/comment-page-1/#comment-5716 Comment on Weekend Edition: IEA Raises Oil Demand for 2012 by Mich http://feedproxy.google.com/~r/CommentsForBeatingtheindexcom/~3/5deyL1wnXxI/ Mich Sun, 13 May 2012 15:14:11 +0000 http://www.beatingtheindex.com/?p=3254#comment-5715 Hi Lee, Don't waste your time comparing US valuations to Canadian ones. US companies trade at higher multiples vs Canadian ones. All of the NG weighted companies may have a great land base but reality is $3 gas is not going to cut it vs $90+ oil. I like PACE and it would be the only one I would buy amongst all of the NG stocks mentioned above. They are close to balancing their commodity weighting and have a nice land base. BUT between $25 netbacks and $50 netbacks I would buy the $50 netbacks simply because the oil weighted companies are also on sale! Hi Lee,

Don’t waste your time comparing US valuations to Canadian ones. US companies trade at higher multiples vs Canadian ones.

All of the NG weighted companies may have a great land base but reality is $3 gas is not going to cut it vs $90+ oil.

I like PACE and it would be the only one I would buy amongst all of the NG stocks mentioned above. They are close to balancing their commodity weighting and have a nice land base. BUT between $25 netbacks and $50 netbacks I would buy the $50 netbacks simply because the oil weighted companies are also on sale!

]]> http://www.beatingtheindex.com/weekend-edition-iea-raises-oil-demand-for-2012/comment-page-1/#comment-5715 Comment on Weekend Edition: IEA Raises Oil Demand for 2012 by Mich http://feedproxy.google.com/~r/CommentsForBeatingtheindexcom/~3/obiME4Vb2BI/ Mich Sun, 13 May 2012 15:11:21 +0000 http://www.beatingtheindex.com/?p=3254#comment-5714 You're welcome Kevin, I think with Iran exporting post sanctions will push oil prices lower once the market realizes the market is well supplied on top of the Iranian volumes. You’re welcome Kevin,
I think with Iran exporting post sanctions will push oil prices lower once the market realizes the market is well supplied on top of the Iranian volumes.

]]> http://www.beatingtheindex.com/weekend-edition-iea-raises-oil-demand-for-2012/comment-page-1/#comment-5714 Comment on Weekend Edition: IEA Raises Oil Demand for 2012 by Lee Roth http://feedproxy.google.com/~r/CommentsForBeatingtheindexcom/~3/a_kHMe-vuv0/ Lee Roth Sun, 13 May 2012 10:52:15 +0000 http://www.beatingtheindex.com/?p=3254#comment-5713 PCE.TO (Pace) has significant land in the oily Peace River Arch. The insiders have bought higher, and the company keeps buying back shares under the current share repurchase program. PCE.TO trade currently just 2 times the annual cash flow ! The oil growth q after q is significant too. I also added to average down , Dunn. My average now is at 5,93 CAD. Have you all a good weekend! Lee PCE.TO (Pace) has significant land in the oily Peace River Arch. The insiders have bought higher, and the company keeps buying back shares under the current share repurchase program.
PCE.TO trade currently just 2 times the annual cash flow !

The oil growth q after q is significant too.
I also added to average down , Dunn.
My average now is at 5,93 CAD.

Have you all a good weekend!
Lee

]]> http://www.beatingtheindex.com/weekend-edition-iea-raises-oil-demand-for-2012/comment-page-1/#comment-5713 Comment on Weekend Edition: IEA Raises Oil Demand for 2012 by P. W. Dunn http://feedproxy.google.com/~r/CommentsForBeatingtheindexcom/~3/7kDg6DHGGJw/ P. W. Dunn Sat, 12 May 2012 20:34:34 +0000 http://www.beatingtheindex.com/?p=3254#comment-5712 Lee, I was looking at Pace too. I have some shares at nearly double its current price ($8.062)--and the company seems to have really improved. I am waiting on some cash coming to my TD Waterhouse accounts from Questrade, and then I will probably double down on PCE. Any thoughts Mich? Lee, I was looking at Pace too. I have some shares at nearly double its current price ($8.062)–and the company seems to have really improved. I am waiting on some cash coming to my TD Waterhouse accounts from Questrade, and then I will probably double down on PCE. Any thoughts Mich?

]]> http://www.beatingtheindex.com/weekend-edition-iea-raises-oil-demand-for-2012/comment-page-1/#comment-5712