PVA Penn Virginia mostly in Eagleford transitioning away from gas to oil bought out MHR in Eagleford break even price 50-65 per barrel oil, mostly in Eagleford. Doesn’t.t understand why their stock is so cheap. Calls it the cheapest stock in the group. I’ve heard this more than once from a presenting CEO
Petrobras is a communist company. They are a very large player by every standard but can you make money with a company run for the state? I don’t think so.
Anadarko APC hosted lunch. Brilliant presentation. Click here for it. What a great company. How come there is no insider buying with so much potential? Suppose the Tronox litigation is the wild card. Boy the Eagleford shale is big. No let up in sight.
HK Halcon Resources. Large turnout for these guys. Don’t understand why
Continental Resources. Large turnout for these guys. I understand why. Too bad Harold Hamm wasn’t there. Too busy being deposed by his wife.
Carl Icahn stole my attention, though, with his Apple tweet. You gotta love his Twitter profile, “Some people get rich studying artificial intelligence. Me, I make money studying natural stupidity.”