Stock Market News & Stocks to Watch from StraightStocks » Gastar Exploration Ltd.

Zacks #1 Rank Additions for Friday – Zacks Tale of the Tape

Zacks Market Commentaries — Fri, 22 May 2009 11:55:01 +0000

Here are the stocks added to the Zacks #1 Rank ("strong buy") List today:

Alliance Financial Corp (ALNC)
BNP Paribas SA (BNPQY)
Calamos Asset Management Inc (CLMS)
Eastman Chemical Co (EMN)
Flamel Technologies SA (FLML)
Gastar Exploration Ltd (GST)
Kirkland's Inc (KIRK)
O'Reilly Automotive Inc (ORLY)
Perdigao SA (PDA)
Perfect World Co Ltd (PWRD)
Rolls-Royce Group Plc (RYCEY)
Smart Balance Inc (SMBL)
Star Bulk Carriers Corp (SBLK)
Telecom Italia SpA (TI)
Tele Norte Leste Participacoes SA (TNE)
Universal Electronics Inc (UEIC)

Dutton Associates Featured Company: Gastar Exploration, Ltd. (GST)

QualityStocks — Thu, 18 Sep 2008 14:01:30 +0000

Gastar Exploration Ltd. (AMEX: GST) is an independent energy company engaged in the exploration, development, and production of natural gas and oil in the United States and Australia. The company focuses their efforts on identifying, acquiring, and exploring possible natural gas and oil properties that show the potential to produce significant product. Their [...]

Wyoming Stocks

Fred Fuld — Tue, 16 Sep 2008 03:33:00 +0000

Did you know that Wyoming has a district called the historic J.C. Penny district? James Cash Penny established his first store in this state. Eventually it grew to the chain best known as J.C. Penny.

Here are some interesting facts about Wyoming:

1. New jobs created in Wyoming during 2007 ranked second in the country.
2. No personal income tax.
3. No corporate income tax.
4. Income from the mining industry contributes 2/3 of the total state revenue.
5. Wyoming’s top tourist destinations are: Yellowstone National Park and Grand Teton National Park.
6. Top commodities are: Livestock of cattle, hay, sugar beets and barley.
7. Top mineral commodities are: coal, natural gas, and crude oil.
8. Wyoming is seventh nationwide for oil production.
9. Wyoming ranks number one for coal production in the nation.
10. The southern part of Wyoming is excellent for the production of wind power.

The following companies are connected to the state of Wyoming.

US Energy Corp. (USEG) is a Wyoming based company that explores for and develops uranium, molybdenum, gold, lead, zinc, silver, and oil and gas. The stock has a PE of 1.05. This is a very low cap stock and should therefore be considered very speculative.

Crazy Woman Creek Bancorp Inc. (CRZY.PK) is a bank holding company for Buffalo Federal Savings Bank, which serves the Johnson, Campbell, and Sheridan counties in Wyoming. The stock has a P/E of 19. It has a very low market cap, so it should therefore be considered very speculative and illiquid. For their recent reported quarter, they had a 31% drop in earnings on a 9.6% increase in revenues.

Victory Acquisition Corp. (VRY) was founded in January 2007. It currently does not have substantial operations. It plans on increasing its business by purchasing or merging with other companies. The stock has a PE of 60.

Double Eagle Petroleum Co. (DBLE) produces and markets oil and natural gas. The stock generated a loss of $1.08 per share. It has a forward PE of 16.

MDU Resources Group Inc. (MDU) is a distributor of electricity and natural gas, and is also involved in construction services in Wyoming, North Dakota, South Dakota, and Montana. The stock has a PE of 12, a PEG of 0.98, and it pays a yield of 1.9%.

Glacier Bancorp (GBCI) is a holding institution that renders banking services in Wyoming, Montana, Idaho, Utah, and Washington. The stock has a PE of 16, a PEG of 14, and It pays a yield of 2.4%.

Black Hills Corp. (BKH), controls an energy company that delivers energy to customers in Wyoming, South Dakota, and Montana. The stock has a PE of 16, a PEG of 2.04. It pays a yield of 4.1%.

Gastar Exploration, Ltd. (GST) explores for and develops coal bed methane property in the Powder River Basin of Wyoming and Montana. They also explore and develop oil and gas properties in North America and Australia. The stock has a forward PE of 42. The stock trades on the American Stock Exchange.

Questar Corp. (STR) is in the business of producing and selling natural gas and oil in Wyoming, Utah, and Idaho. The stock has a PE of 16, a PEG of 1.57, and it pays a yield of 0.9%.

Check out stocks from some other states: Nevadastocks, Idaho stocks, and Colorado stocks.

Author does not own any of the above at this time.

By Stockerblog.com

Montana Stocks

Fred Fuld — Thu, 04 Sep 2008 23:35:00 +0000

Ranking 48th in population when compared to the rest of the states, Montana has plenty of room to accommodate tourists and visitors, as well as plenty of natural wonders to show, including Yellowstone National Park and Glacier National Park. Tourism, agriculture, and mining are Montana’s primary source of income. Some interesting facts about Montana:

1. The mining industry contribution to the state economy in 2005 was $2.3 billion.
2. It ranks number 6 in coal production in the United States.
3. Montana currently requires that public utilities companies obtain 5% of its energy from renewable sources, with a goal of 15% by the year 2015.
4. Wind power is of major importance to the state, Montana potential wind power generation ranks it number 5 nationwide.
5. Montana’s main crop is wheat.
6. Montana is rich in gas, oil, and coal.
7. Montana’s gross state product for 2007 was $34,253 million.
8. Copper is becoming increasingly important in Montana due to its rising value.
9. Approximately 8.6% of income goes to State income tax in Montana, well under the average 9.7% nationally.
10. Montana Corporate income tax is based on a flat rate of 6.75% on all corporate income.

The following companies are connected to the state of Montana:

Glacier Bancorp (GBCI) is a holding institution that renders banking services in Montana, Idaho, Wyoming, Utah, and Washington. The stock has a PE of 16, a PEG of 14, and It pays a yield of 2.4%.

Stillwater Mining Co. (SWC) specializes in the mining, and refining of palladium and other metals in Montana. The stock has a PE of 72.

Right Now Technologies (RNOW), delivers software in the U.S., Europe and Asia. The company generated a loss per share of $0.40, but it has a forward PE of 67.

Semitool Inc (SMTL) makes, sells and delivers semiconductor devices. The stock has a PE of 88, and a PEG of 1.70. This is a very low cap stock and should therefore be considered very speculative.

Black Hills Corp. (BKH), although not based in Montana, controls an energy company that delivers energy to customers in Montana, South Dakota, and Wyoming. The stock has a PE of 16, a PEG of 2.04. It pays a yield of 4.1%.

Northwestern Corp. (NWE), although not based in Montana, delivers energy to customers in Montana, South Dakota, and Nebraska. The stock has a PE of 15, and a PEG of 1.49. It pays a yield of 5.2%.

Gastar Exploration, Ltd. (GST), although not based in Montana, explores for and develops coal bed methane property in the Powder River Basin of Montana and Wyoming. They also explore and develop oil and gas properties in North America and Australia. The stock has a forward PE of 42. The stock trades on the American Stock Exchange.

Check out stocks from some other states: Nevadastocks, Idaho stocks, and Colorado stocks.

Did you know that the most expensive house in the world is being built in Montana?

Author does not own any of the above mentioned stocks.

By Stockerblog.com

Ospraie Management LLC

Richard C. Wilson — Thu, 04 Sep 2008 13:49:53 +0000

Ospraie Management, LLC

Ospraie Management - Letter, Holdings, Notes

Below are details on Ospraie Management surrounding the closing of their largest fund - this includes a letter to their investors, a list of the securities they were said to be invested in and more. I think the quote below from Moonraker below explains in simple (maybe too simple) terms what happened to Opraie.

The following piece on Ospraie is being published as part of our daily effort to track hedge fund events in the industry. To review other hedge fund related announcements please see our Hedge Fund Tracker Tool.
_________________________________________________

Ospraie Management LLC may be the latest casualty from price swings in natural gas, the commodity responsible for the $1.9 trillion hedge-fund industry's biggest blowup with Amaranth Advisors LLC.

New York-based Ospraie told investors on 9.2.08 that it will close its biggest hedge fund after losing 38.6 percent this year on bad bets on commodity stocks. Holdings in natural gas-related companies made up almost a fifth of Ospraie's investments at the end of June, before the commodity's price dropped 41 percent.
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Thanks to John Lee, here is a letter from Ospraie Management to their investors:

“The losses were primarily cause by a substantial sell-off in a number of energy, mining, and resource equity holdings during a six-week period characterized by some of the sharpest declines in these sectors in the past ten to twenty years. As the Fund’s performance deteriorated, we made the decision – despite continued confidence in the Fund’s positions – to reduce and de-lever the portfolio significantly due to concern of incurring even greater potential losses.”

“After nine years of striving to be a good steward of your capital, I am very sorry for this outcome.”
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According to SEC filings as reported from one site here is a list of the securities that Ospraie did or does owned:

AA
ACI
BHI
CMZ
CPN
CYT
EJ
GST
IP
LEN
NRG
SEB
VRS
WCC
XTO

XTO Energy Inc., a U.S. natural gas and oil producer, was Ospraie's biggest holding, accounting for 13 percent of its assets, according to a Securities and Exchange Commission filing from June 30. XTO, along with Gastar Exploration Ltd., a gas exploration company in which Ospraie was the third-largest investor, and Compton Petroleum Corp., a Canadian gas company, fell by about a third in the past two months.

``With natural gas I sometimes feel there's a game of Russian roulette going on,'' said Jeremy Charlesworth, founder of London-based Moonraker Fund Management Ltd., which runs a commodities fund of hedge funds. ``Natural gas goes through these periods where it goes up two or three times and fortunes are made. And every time it collapses, fortunes are lost and there's a casualty.'' Read more...

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Related to Ospraie Management Hedge Fund:

Permanent Link: Ospraie Management LLC

Tags: Ospraie Management LLC, Amaranth Advisors LLC, XTO Energy Inc., Gastar Exploration Ltd., Compton Petroleum Corp., Jeremy Charlesworth, Moonraker Fund Management Ltd., AA, ACI, BHI, CMZ, CPN, CYT, EJ, GST, IP, LEN, NRG, SEB, VRS, WCC, XTO