ThePitBoss

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Viewing 15 posts - 376 through 390 (of 416 total)
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  • ThePitBoss
    Participant

    Sanchez Midstream reported second quarter 2017 revenues of $25 million, rising from second quarter 2016 revenues of $12.3 million.

    During the quarter, the Western Catarina system provided $14.2 million in revenue while $7.6 million came from production activity, $(1.9) million from hedge settlements and $(1.3) million from mark-to-market activity.

    Sanchez Midstream reported that as of June 30, 2017 they had $178 million owed on their $215.6 million credit facility ($200 million elected commitment).

    Additionally, Sanchez had $2 million in cash on hand at the end of the quarter.

    https://criterionrsch.com

    ThePitBoss
    Participant

    Sanchez Midstream reported second quarter 2017 earnings today – from site: As of March 31, 2017, Sanchez Energy owns approximately 16% of our outstanding common units. Since March 2015, we have completed three midstream asset acquisitions and two working interest acquisitions from Sanchez Energy. Pursuant to a right-of-first-offer, Sanchez Energy has agreed to offer us the right to acquire any midstream assets that it desires to sell. However, Sanchez Energy is under no obligation to sell any assets to us or to accept any offer for its assets that we may choose to make.

    in reply to: Transocean Buys Songa Offshore SE for $3.4 Billion #11171
    ThePitBoss
    Participant

    Market picking up on the rich pricing Transocean $RIG now 7.97 -0.42 (-5.01%)

    in reply to: Transocean Buys Songa Offshore SE for $3.4 Billion #11161
    ThePitBoss
    Participant

    First thought with the premium is $RIG is paying overs in a difficult market. Increases their backlog which is a positive, price is the concern for mine.

    ThePitBoss
    Participant

    [quote=”Helmholtz Watson” post=864]Thank you been watching Solaris and $PUMP since IPO and how the collapse in frac sands prices benefits them.[/quote]

    I think your seeing that with increased orders. Price been pretty flat around the IPO price for now.

    ThePitBoss
    Participant

    Carrizo Oil & Gas Announces Closing of Delaware Basin Acquisition

    HOUSTON, Aug. 11, 2017 (GLOBE NEWSWIRE) — Carrizo Oil & Gas, Inc. (Nasdaq:CRZO) today announced that it has completed the closing of the transactions contemplated by the purchase and sale agreement with ExL Petroleum Management, LLC and ExL Petroleum Operating Inc. (together, “ExL”). At closing, Carrizo purchased approximately 16,508 net acres located in the Delaware Basin in Reeves and Ward Counties, Texas. The previously-announced aggregate consideration for the transaction is approximately $648 million in cash, which includes the $75.0 million performance deposit previously paid by the Company, subject to customary purchase price adjustments. As previously disclosed, the Company has also agreed to pay an additional $50.0 million per year if the average daily closing spot West Texas Intermediate crude oil price as measured by the U.S. Energy Information Administration (the “EIA WTI average price”) is above $50/Bbl for any of the calendar years of 2018, 2019, 2020, and 2021, with such payments due on January 29, 2019, January 28, 2020, January 28, 2021, and January 28, 2022, respectively. This payment will be zero for the respective year if the EIA WTI average price is $50/Bbl or below for any of such years, and is capped at and will not exceed $125.0 million.

    The assets are currently producing approximately 9,500 Boe/d (48% oil, 67% liquids) from 14 gross wells, including two that are still cleaning up. The frac crew returned to the assets this week and has begun completing the Christian 2 1H well. Of the five rigs currently operating on the ExL assets, four are expected to be released after their current well. Carrizo has contracted for two newer-vintage rigs to arrive at the acreage, with the first scheduled for later this month.

    Carrizo Oil & Gas, Inc. is a Houston-based energy company actively engaged in the exploration, development, and production of oil and gas from resource plays located in the United States. Our current operations are principally focused in proven, producing oil and gas plays primarily in the Eagle Ford Shale in South Texas, the Delaware Basin in West Texas, the Niobrara Formation in Colorado, the Utica Shale in Ohio, and the Marcellus Shale in Pennsylvania.

    ThePitBoss
    Participant

    TY again – great to have an action plan and be prepared ahead of time rather than with the herd – the reasoning helps me.

    ThePitBoss
    Participant

    Earnings Highlights:

    ThePitBoss
    Participant

    Transocean Ltd. $RIG was raised to Neutral from Sell with a $9.75 price target at Goldman Sachs.

    Transocean has a 52-week range of $7.67 to $16.66.

    ThePitBoss
    Participant

    Jefferies reiterated Hold rating and kept $165 target price on Netflix $NFLX

    ThePitBoss
    Participant

    Netflix Inc. $NFLX shares were indicated down 3.7% at $171.80 after Disney announced it will be ending its Disney content deal with Netflix.

    ThePitBoss
    Participant

    Walt Disney $DIS Earnings announced the eventual end of its deal with Netflix Inc.

    The move is not immediate, content on Netflix $NFLX will remain until the end of 2019, the year that it plans to launch its own Disney-branded streaming service for Disney and Pixar content.

    Netflix will continue to receive first-run rights for Disney movies released in theaters through the rest of this year and 2018, though movies released in 2019 like “Frozen 2” will remain with Disney.

    “U.S. Netflix members will have access to Disney films on the service through the end of 2019, including all new films that are shown theatrically through the end of 2018,” a Netflix spokesman said in an emailed statement. “We continue to do business with the Walt Disney Company globally on many fronts, including our ongoing relationship with Marvel TV.”

    Disney is still considering what it will do with other popular content, specifically productions from its Marvel and LucasFilms divisions. Disney Chief Executive Robert Iger said Tuesday that Disney is still considering what to do with those properties, which could still land on Netflix or a similar service.

    Iger says “It’s possible we will continue to license them to a pay service like Netflix.”

    Netflix will retain control over its Marvel superhero TV shows like “Daredevil,” “Jessica Jones” and the soon-to-debut “The Defenders,” as that is considered Netflix original content. But movies like “Moana,” “Finding Dory,” “Rogue One” and “Dr. Strange” are expected to disappear from the service at the end of 2019 unless a new deal for Marvel and LucasFilms content is reached.

    in reply to: Aluminium Giant Alcoa Misses With Lower Revenue #11021
    ThePitBoss
    Participant

    Alcoa Corp. $AA started as Neutral with a $42 price target at Credit Suisse

    Notes a re-rating higher as it trades at a discount to peers. Cites aluminum price tracking risks for the stock.

    Alcoa closed up over 4% at $39.58 on Tuesday. Alcoa has a 52-week trading range of $20.53 to $40.36.

    ThePitBoss
    Participant

    I get the felling the are pressuring the shale names as far as they can for stops or simply reallocating – perhaps a mix of that.

    ThePitBoss
    Participant

    No reason given, is it the over supply risk or something else. Time to announce it though after raising guidance.

Viewing 15 posts - 376 through 390 (of 416 total)