Oil supposed to drop further. A lot of companies are gonna go under. The big players will obviously survive. When the dust settles, what small companies will come out alive? Looking to find a couple very low priced oil stocks to mess around with. Yes, I've been lookin on the internet, just curious if you guys have any info or have been tracking anything. Investment forum is dead, so thats why this is in the GD....
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To remove first post, remove entire topic.
Oil supposed to drop further. A lot of companies are gonna go under. The big players will obviously survive. When the dust settles, what small companies will come out alive? Looking to find a couple very low priced oil stocks to mess around with. Yes, I've been lookin on the internet, just curious if you guys have any info or have been tracking anything. Investment forum is dead, so thats why this is in the GD....
I'd look for a price near a 52 low on BP. 36-39 range if you're patient depending on volume. That's me though - don't know much about the mom an pop oil companies. Vulnerable they are to buyout.
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I'd look for a price near a 52 low on BP. 36-39 range if you're patient depending on volume. That's me though - don't know much about the mom an pop oil companies. Vulnerable they are to buyout.
Take Apache(APA - Get Report) . Here's a fabulous company, with amazing oil growth and a much better portfolio than it had before it shuffled its deck to get away from too much oil in politically risky countries. Yet it is down almost half from where it was in 2011! That's just a ridiculous decline, especially given how well the company's been able to grow its production growth.
Obviously not my opinion, but that of a man who knows a lot more than I do. Apache closed Friday at $59.84. It was over $100 within the past year.
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Take Apache(APA - Get Report) . Here's a fabulous company, with amazing oil growth and a much better portfolio than it had before it shuffled its deck to get away from too much oil in politically risky countries. Yet it is down almost half from where it was in 2011! That's just a ridiculous decline, especially given how well the company's been able to grow its production growth.
Obviously not my opinion, but that of a man who knows a lot more than I do. Apache closed Friday at $59.84. It was over $100 within the past year.
Antero Resources (AR). Around 40 now, down from a near-70, but my God are things going to get hot. Not only do they still have a ton of leases on Utica to drill--and they are beating big timers like Consol and XTO to the punch in the areas of eastern Ohio--but they are fracking like crazy right now too, which translates to service rigs jumping on afterwards which further translates to all of these wells finally producing. We are talking a s**t ton of wells producing natural gas in the upcoming months.
I hate those pigs like no other, but the inevitible is coming.
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Antero Resources (AR). Around 40 now, down from a near-70, but my God are things going to get hot. Not only do they still have a ton of leases on Utica to drill--and they are beating big timers like Consol and XTO to the punch in the areas of eastern Ohio--but they are fracking like crazy right now too, which translates to service rigs jumping on afterwards which further translates to all of these wells finally producing. We are talking a s**t ton of wells producing natural gas in the upcoming months.
I hate those pigs like no other, but the inevitible is coming.
Drilling in the states is still a meaningless task when it comes to natural gas and profits; but at the pace they are moving, they can turn heads and squeeze out a potential merger/purchase of assets if they keep grabbing up these leases in prime zones that have been doing nothing but producing. Not to mention this is a company that really hasn't tapped the offshore drilling market yet. They have the growth and potential to get there, and I'd certainly like to be on board if and when they do.
I'd refer to Chief Oil and Gas selling off the majority of its production, pipeline and midstream in Appalachia to Devon, Crosstex and Chevron. I think you'll see the same course of action with AR.
Could be a pretty good thing..
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Drilling in the states is still a meaningless task when it comes to natural gas and profits; but at the pace they are moving, they can turn heads and squeeze out a potential merger/purchase of assets if they keep grabbing up these leases in prime zones that have been doing nothing but producing. Not to mention this is a company that really hasn't tapped the offshore drilling market yet. They have the growth and potential to get there, and I'd certainly like to be on board if and when they do.
I'd refer to Chief Oil and Gas selling off the majority of its production, pipeline and midstream in Appalachia to Devon, Crosstex and Chevron. I think you'll see the same course of action with AR.
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