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Houston..we have a problem....

7,273,632 Views | 28668 Replies | Last: 6 hrs ago by nu awlins ag
Cepe
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AG
I bet Saudi isn't happy. Been traveling the last couple of weeks to look.
Gig-Em2003
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Sabine Oil & Gas - Chapter 11

~$2.8B of debt, largest energy bankruptcy this year
Comeby!
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Yep. Saw that.
Ducks4brkfast
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wow I know there CFO well.
IrishTxAggie
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quote:
wow I knew there CFO well.


Maybe FIFY
Gig-Em2003
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Sabine was toast at $100/bbl. I'm surprised it took this long.
Ducks4brkfast
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quote:
quote:
wow I knew there CFO well.


Maybe FIFY
Hope not!
Talon2DSO
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quote:
quote:
wow I knew there CFO well.


Maybe FIFY


I'm shocked that was all you corrected
IrishTxAggie
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My attempt at being a smartass made me miss the grammatical error with 'their'...


FAIL
Ducks4brkfast
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Knuckleheads
Gig-Em2003
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Their CFO joined long after they started having problems. He was brought in to help fix the issues but it was too far gone. Will be a good learning experience for him as he's pretty young.
Fuzzy Dunlop
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They just merged with Forest Oil last year, too. The company I worked for did quite a bit of work for SOG. A lot of good people there.
Comeby!
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I work with the prior CFO. Had a discussion about them today.
rononeill
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Sfy- what happened?! Don't one of yall work there? How's the mood at the office?
MPRsearch
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BIL's company just laid down 4 rigs in EF and 2 frac spreads. "Preparing them for future operations". President stated the plan is to bring them back after 2016 1st Q.
Maverick06
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What company?
Poke_the_Bear
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Can you name the operator?
MPRsearch
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Don't want to name but private and HQ in SA
Dan Scott
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New 52 week low on EOG. COP new low as well but they raised their dividend from .73 to .74 a quarter.
RightWingConspirator
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quote:
^^^yes. If there's a close facility to tie backi think $55 is doable. Shell just announced FID on their Appomattox facility. My guess is APC will do the same for Shenendoah in the next year or so. I doubt they are forecasting $55 oil when these things come on though
Doubtful. For a producer to get to FID, they need a transportation solution for their crude. No RFPs have been sent out from Shenandoah, nor do we expect any to be sent out anytime before the next 12 mos. Assume that it takes another year to negotiate with a pipeline, you're looking at 2017 at the soonest for FID. Maybe even later.
MAROON
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quote:
Don't want to name but private and HQ in SA
I would guess Lewis or Blackbrush
Gig-Em2003
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Gotta be Lewis. They are fairly integrated and probably own their own frac spreads. Lewis is mostly on the dry gas side of the EF.
Natasha Romanoff
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Gulftex is down here also.
El Chupacabra
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quote:
New 52 week low on EOG. COP new low as well but they raised their dividend from .73 to .74 a quarter.


I'm really looking forward to and extra 4 pennies a year. It'll make the $15/share in down seem like nothing.
End Of Message
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Natasha,

If you don't mind sharing, who are you with?
End Of Message
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Just returned from NARO in Austin - very interesting presentation from Goldman Sachs concerning the Panama Canal
LostInLA07
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TKEAg04
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quote:
Just returned from NARO in Austin - very interesting presentation from Goldman Sachs concerning the Panama Canal
End Of Message
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Deepening/widening to allow for super tankers. Was scheduled to be completed in 2014 but current projections for 2016.

Will open up our products to entirely new markets which are currently too cost prohibitive to ship.

EDIT: As an example, LNG super tankers taking cheap natural gas to Japan, etc.
Talon2DSO
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quote:
Deepening/widening to allow for super tankers. Was scheduled to be completed in 2014 but current projections for 2016.

Will open up our products to entirely new markets which are currently too cost prohibitive to ship.

EDIT: As an example, LNG super tankers taking cheap natural gas to Japan, etc.


Thanks to Cove Point and their nifty new export license...oh and cheniere too
Post removed:
by user
tommyjohn
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With the rate Australia, SE Asia and East Africa will be pumping LNG in the coming years I am not too hopeful for US exports to Asia. Maybe if it was coming from the west coast but not the GOM.
End Of Message
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From what I understand, cost of transportation the west coast makes Long Beach a dying bet...GOM is apparently what is being bet on. Goldman Sachs was doubling down on the area.
El Duke
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is Swift a goner? Looking bad...
PPAag06
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quote:
is Swift a goner? Looking bad...
Very interested in this one. Any info?
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