Stock Market News & Stocks to Watch from StraightStocks » oil and gas properties

Dominion Resources Black Warrior Trust (DOM) Announces Dividend Payout

QualityStocks — Thu, 19 Nov 2009 20:28:37 +0000

Dominion Resources Black Warrior Trust announced its fourth fiscal quarter dividend payout of $0.246351 per unit. The dividend will be paid on December 9, 2009 to shareholders of record on November 30, 2009. The Dominion Resources Black Warrior Trust has a current dividend yield of 13%. Dominion Resources Black Warrior Trust said that the [...]

Forest Misses on Lower Sales – Analyst Blog

Zacks Market Commentaries — Fri, 06 Nov 2009 23:43:43 +0000

Forest Oil Corporation (FST) reported its third-quarter 2009 earnings of 48 cents per share, compared with the Zacks Consensus Estimate of 53 cents and a year-ago profit of $1.26. Before adjusting one-time items, earnings were $1.53 per share. The results came in below expectations mainly due to lower sales volumes.

Sales volumes for the quarter came in at 476 MMcfe/d (77% natural gas), down 9% from 520 MMcfe/d in the corresponding 2008 period. The decrease in production was due to deferred and divested volumes.

During the quarter, production expenses decreased approximately 24% year-over-year to $1.17 per Mcfe, mainly on the back of a fall in production. Unit general and administrative expenses for the quarter was essentially flat year-over-year to 28 cents per Mcfe, while depreciation and depletion expenses for the quarter decreased 48% year-over-year to $1.49 per Mcfe due mainly to a non-cash ceiling test write-down of oil and gas properties.

Forest invested $76.9 million during the quarter in exploration and development activities. At the end of the quarter, the company had $5.1 million in cash and net long-term debt of approximately $2.48 billion (debt-to-capitalization ratio of 71.1%).

The company revised downward its net sales volume guidance to reflect the effects of asset sales and pipeline shut-ins. Total net sales volume for 2009 will be affected by 3 Bcfe of net sales. As a result of ongoing cost cutting initiatives, the company also reduced its previous production expense guidance by 8% and G&A expense by 17%.

Despite the improving commodity-price environment, we remain concerned about the company's debt-heavy balance sheet as well as its weak production and reserve growth profile. Forest recently revised downward towards its net sales volume for 2009, citing assets sales and pipeline/infrastructure shut-ins. As such, we see limited upside from current levels and prefer other better positioned names in this space.

Read the full analyst report on "FST"
Zacks Investment Research

AKAM, CPE, DTCT, DrStockPick.com Watch List! for Thursday October 29, 2009, Akamai Technologies Inc., Callon Petroleum Co. and Diatect International Corp., DTCT.OB

Dr. Stock Pick — Thu, 29 Oct 2009 00:29:26 +0000

Dr Stock Pick HOT News & Alerts! _________________________________________ FREE Daily Stock Alerts From DrStockPick.com _________________________________________ DrStockPick.com Watch List! My Picks for Thursday October 29, 2009, are: ************************************************************** AKAM, Akamai Technologies Inc. AKAM provides market-leading managed services for powering video, dynamic transactions, and enterprise applications online. AKAM’s Revenue for the third quarter 2009 was $206.5 million, a 5 percent increase over third quarter 2008 [...]

NOK, PWRM, MRK, CSRH, TXN, CVAT, HAL, AQNM, DrStockPick.com Stock Report!

Dr. Stock Pick — Fri, 16 Oct 2009 21:05:03 +0000

Dr Stock Pick HOT News & Alerts! _________________________________________ FREE Daily Stock Alerts From DrStockPick.com _________________________________________ Friday October 16, 2009 DrStockPick.com Stock Report! NOK, PWRM, MRK, CSRH, TXN, CVAT, HAL, AQNM ************************************************************** NOK, Nokia Corp. NOK is a pioneer in mobile telecommunications and the world’s leading maker of mobile devices. NOK and Accenture announced the completion of Accenture’s acquisition of Nokia’s Symbian Professional Services, which [...]

Chaparral Energy and United Refining Energy Corp. (URX) Announce Merger

QualityStocks — Wed, 14 Oct 2009 14:07:51 +0000

Yesterday, privately-owned Chaparral Energy, Inc. and publicly held United Refining Energy Corp. jointly announced that they have entered into a merger agreement. The combined company will be named Chaparral Energy, Inc. and will remain trading on the NYSE Amex until approval of a planned application to transfer listing to the NYSE. Once transferred, the company [...]

Velocity Energy Inc. (VCYE) Closes On Purchase of Appalachian Assets

QualityStocks — Mon, 12 Oct 2009 19:52:19 +0000

Velocity Energy Inc. announced the purchase of producing natural gas wells and partially developed acreage in the Appalachian region in the Northeastern United States. Velocity Energy Inc. purchased the assets from a private company and did not disclose the purchase price. Velocity Energy Inc. said that the sale included 13,500 net acres of oil and [...]

Comstock’s Positive Update – Analyst Blog

Zacks Market Commentaries — Wed, 07 Oct 2009 16:30:12 +0000

Yesterday, oil and natural gas firm Comstock Resources Inc. (CRK) provided an operational update about its recently completed third quarter.

Average production was up 9% sequentially to about 184 million cubic feet equivalent per day (MMcfe/d), reflecting the success of Comstock’s enhanced onshore drilling programs. The company drilled a total of 9 wells during the quarter, with a 100% success rate.

This year, Comstock’s drilling programs are focused on developing its Haynesville shale properties in East Texas and North Louisiana . As part of that effort, the company drilled 7 successful wells in DeSoto Parish , North Louisiana during the third quarter (3 wells are in Toledo Bend North field, 3 in the Logansport field and one is in the Mansfield field), which had an average per well initial production rate of approximately 15.6 MMcfe/d. These results were up 23% from the 7 wells that were reported with the second quarter results. Comstock is currently drilling 6 operated horizontal Haynesville Shale wells.

The company plans to report its third quarter financial results on November 2, 2009.

In a separate development, Comstock announced yesterday that it plans to offer $200 million principal amount of senior notes due 2017. The company intends to use the proceeds from the offering to pay back debt under its bank credit facility and for other general corporate purposes.

Frisco, Texas-based Comstock Resources Inc. is an independent oil and gas exploration and production company engaged in the acquisition, exploration, and development of oil and gas properties. The company’s operations are concentrated primarily in four regions in the U.S. : the Gulf of Mexico, East Texas/North Louisiana, Mississippi , and South Texas .

We currently rate Comstock shares as Neutral.
Read the full analyst report on "CRK"
Zacks Investment Research

AMG Oil Ltd. (AMGOF.OB) Enters Letter of Intent with Brownstone Ventures

QualityStocks — Mon, 14 Sep 2009 17:51:28 +0000

AMG Oil Ltd., through its wholly-owned subsidiary Adira Energy Corp., explores for oil and gas in Israel within areas located on-shore in the Hula Valley and also 10 kilometers offshore between Netanya and Ashdod. The company currently holds two oil exploration licenses, the Eitan license and the Gabriella license, which together cover an aggregate total [...]

Savoy Energy Corp. (SNVP.OB) Issued a ‘BUY’ Rating from Grass Roots Research

QualityStocks — Wed, 02 Sep 2009 15:27:16 +0000

Savoy Energy Corp. is a domestic, independent oil and gas company building a portfolio of oil and gas properties. Savoy Energy currently holds leases on and has oil production from four wells. Eighteen other wells (2 producing, 16 abandoned) have already been identified by the company’s meticulous evaluation process as favorable targets for recompletion or [...]

Helen of Troy Limited – Value – Zacks Rank Buy

Alex Kolb — Mon, 24 Aug 2009 05:00:00 +0000

Helen of Troy Limited (HELE) continues to see higher Zacks Consensus Estimates for earnings. Forecasts are at $1.97 per share for the year ending February 2010, which is above last month's $1.90.

For the following year, the Zacks Consensus Estimate of $2.16 climbed last month's $1.91.

The second-quarter Zacks Consensus Estimate is at 39 cents, a penny above last month's projection.

Improved Fundamentals

The company's valuation, a forward P/E of 10.83, has become even more attractive than it was in mid-July, when Helen of Troy Limited was featured as a Value pick.

Read our July 15 commentary on HELE.

Last Week's Growth and Income Zacks Rank Buy Stocks

Dresser-Rand Group Inc. (DRC) recently posted second-quarter earnings of 74 cents per share, outpacing the year-prior 55 cents and exceeding the Zacks Consensus Estimate by 28%. Read the full commentary on DRC.

Newell Rubbermaid Inc. (NWL) recently declared a quarterly dividend of 5 cents per share, which translates into an industry-leading yield of 1.5%. The company also recently reported second-quarter earnings per share of 47 cents, beating the Zacks Consensus Estimate by 34%. Read the full commentary on NWL.

Maidenform Brands, Inc. (MFB) recently announced second-quarter results, which included a sales jump of 5.6% year-over-year thanks to strong demand for the company's bras and shapewear products. Earnings per share of 31 cents topped the Zacks Consensus Estimate by 24%. Read the full commentary on MFB.

LINN Energy, LLC (LINE) continues to pay a huge distribution to shareholders of 11.20% as it also recently expanded its oil and gas properties with a play into the Permian Basin. The company recently surprised on the Zacks Consensus Estimate for the second quarter in a row. Read the full commentary on LINE.

Zacks Investment Research

HRAL, CGCA, EMMS Stock-PR Hot Stock Highlights August 13, 2009

Stock-PR — Thu, 13 Aug 2009 11:55:24 +0000

HEAR ATLAST HOLDINGS (HRAL.PK) HearAtLast Holdings, Inc. is a Nevada corporation that owns and operates its wholly-owned subsidiary of hearing stores co-located within select Wal-Mart stores throughout Canada. Their chain of hearing stores specializes in the sale of digital hearing aids and testing services. The Company is the affordable hearing solution for Canadians, combining the most [...]

Kodiak Energy Inc. (KDKN.OB) is “One to Watch”

QualityStocks — Fri, 31 Jul 2009 19:42:17 +0000

Headquartered in Calgary, Alberta, Kodiak Energy Inc. is an oil and gas exploration and development company. Trading on the TSX Venture Exchange and the OTCBB, they focus on creating a portfolio of North American assets that offer production opportunities and asset growth through exploration. Kodiak is a multi-project enterprise with a land position of over [...]

Savoy Energy Corp. (SNVP.OB) – Building a Portfolio of Oil & Gas Properties

QualityStocks — Mon, 22 Jun 2009 20:00:50 +0000

Savoy Energy Corporation is an independent oil and gas company building a diversified portfolio of valuable oil and gas assets in the United States. The company is focused on identifying abandoned oil and gas assets, which are then brought online through recompletion and work-over activities. Savoy Energy uses a meticulous process of evaluation, application of modern [...]

Cobra Oil & Gas Corp. (CGCA.OB) Finds Profit with its Royalty Based Business Plan

QualityStocks — Fri, 19 Jun 2009 18:36:59 +0000

When one thinks about the natural resources segment, that person often considers exploration and getting the commodity out of the ground. There are, however, other ways to go about profiting from the commodities. These methods often offer less exposure to price swings with the same general opportunity for profit. Most investors do not think in [...]

Avalon Oil Oil & Gas, Inc. (AOGN.OB) Revenues Climb with First Check From Scissortail

QualityStocks — Tue, 16 Jun 2009 17:37:32 +0000

Avalon Oil & Gas, Inc., an independent domestic producer/investor of oil and natural gas, announced last month that it has received its first check for gas revenues from Scissortail Energy, an Oklahoma based provider of natural gas midstream services. The payment is for natural gas produced in the East Chandler Field in Lincoln County, Oklahoma, [...]

Avalon Oil & Gas, Inc.’s (AOGN.OB) Focus on Acquiring Oil Production Enhancing Technology

QualityStocks — Fri, 05 Jun 2009 17:19:50 +0000

Avalon Oil & Gas, Inc. is an independent domestic oil and natural gas producer. The company’s strategy is to use efficient reservoir maintenance and innovative oil production enhancing technology on a portfolio of oil and gas properties. Avalon expects this strategy to generate stable cash flows for the company. Avalon’s technology arm acquires and develops [...]

Keep Avalon Oil and Gas, Inc. (AOGN.OB) on Radar

QualityStocks — Fri, 22 May 2009 20:01:30 +0000

Avalon Oil & Gas, Inc. is an independent domestic oil and natural gas producer focused on leveraging efficient reservoir maintenance and innovative technologies to generate stable cash flows and production. By acquiring a portfolio of oil and gas leases to generate asset growth, the company aims to deliver a sustainable rate of return for their [...]

Triangle Petroleum (TPLM.OB) Announces Improved Financial Results

QualityStocks — Thu, 09 Apr 2009 15:56:58 +0000

Triangle Petroleum Corporation (TPLM.OB), a Canadian based petroleum exploration company currently focused on Canadian shale gas, today reported fourth quarter and fiscal year (ending January 31) financial and operational results. The numbers, given below in US dollars, show the company in an improved financial position, due largely to the successful payoff of all outstanding debt. [...]

Blugrass Energy, Inc. (BLUG.OB) is “One to Watch”

QualityStocks — Fri, 27 Feb 2009 15:38:46 +0000

Bluegrass Energy Inc., an oil and gas development and exploration company, is focused on growing through internally generated and developed prospects, participation with industry partners in oil and gas exploration, and in targeted joint ventures. The company’s objective is to identify and then develop oil and gas properties that have low geological risk. The strategy used [...]

Avalon Oil & Gas, Inc. (AOGN.OB) is “One to Watch”

QualityStocks — Thu, 11 Dec 2008 22:42:52 +0000

Headquartered in Minneapolis, Minnesota, Avalon Oil & Gas, Inc. is an oil and gas company engaged in the acquisition of producing oil and gas properties. Trading on the OTCBB, the Company is doing this in Louisiana, Texas, Arkansas, Kansas, and Oklahoma. Their corporate strategy is to use efficient reservoir maintenance and innovative technology to obtain [...]

Comstock Buy Rating Maintained – Analyst Blog

Zacks Market Commentaries — Mon, 08 Dec 2008 11:52:17 +0000

Texas-based Comstock Resources, Inc. (CRK) is an independent oil and gas exploration and production company engaged in the acquisition, exploration, and development of oil and gas properties. The company's operations are concentrated primarily in four regions in the U.S.: the Gulf of Mexico, East Texas/North Louisiana, Mississippi and South Texas.

We are maintaining our Buy recommendation on Comstock shares, given the company's growing volumes (for the first nine months of 2008, volumes were up 36%), attractive valuation, and relatively lower risk profile. Additionally, the Bois d'Arc sale to Stone Energy has streamlined Comstock's operations and positioned it to function as a pure-play onshore natural gas producer.

The Haynesville Shale play offers significant long-term reserve-add potential going forward. Comstock's drilling success in the Cotton Valley formation is another catalyst for future production growth.

Read the full analyst report on CRK.

"CRK" Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research

Top Yielding Debt Free Stocks

Fred Fuld — Sat, 18 Oct 2008 03:35:00 +0000

With the extreme market volatility that has been taking place lately, investors are looking toward high yield stocks, so they have income coming in while waiting for their stocks to appreciate. In addition, investors prefer companies with no debt for additional safety. Combine those two features together, and look for the stocks with low PE ratios and low PEG ratios and you get the following list.

United Online, Inc. (UNTD) is an Internet and media services companies which owns the NetZero and Juno brands. The stock has a PE of 10 , a PEG ratio of 0.86 , and pays a yield of 9.84%.

Williams Pipeline Partners L.P. (WMZ) is a natural gas transportation and storage company. The stock has a PE of 2 , a PEG ratio of 0.24 , and pays a yield of 9.29%.

Pioneer Southwest Energy Partners L.P. (PSE) owns oil and gas properties. The stock has a PE of 5 , a PEG ratio of 0.68 , and pays a yield of 8.56%.

Starlims Technologies Limited (LIMS) creates and markets laboratory information management systems software solutions. The stock has a PE of 9 , a PEG ratio of 0.60 , and pays a yield of 7.17%.

NutriSystem Inc. (NTRI) is a provider of weight management and fitness products and services. The stock has a PE of 6 , a PEG ratio of 0.34 , and pays a yield of 5.86%.

Maxim Integrated Products Inc. (MXIM) makes and sells linear and mixed-signal integrated circuits. The stock has a PE of 14 , a PEG ratio of 0.92 , and pays a yield of 5.71%.

Electro Rent Corporation (ELRC) rents, leases, and sells electronic equipment. The stock has a PE of 15 , a PEG ratio of 0.99 , and pays a yield of 5.22%.

Patterson-UTI Energy, Inc. (PTEN) is a provider of onshore contract drilling services. The stock has a PE of 6 , a PEG ratio of 0.57 , and pays a yield of 5.10%.

Christopher & Banks Corporation (CBK) designs and markets women's apparel. The stock has a PE of 12 , a PEG ratio of 0.88 , and pays a yield of 4.67%.

Safety Insurance Group, Inc. (SAFT) is a provider of automobile insurance in Massachusetts. The stock has a PE of 7 , a PEG ratio of 0.49 , and pays a yield of 4.36%.

If you like high yield stocks, you should check out the the High Yield Utility stocks and the Monthly Dividend Stocks at WallStreetNewsNetwork.com. You should also take a look at Top Yielding Defense and Aerospace Stocks.

Author owns UNTD.

By Stockerblog.com

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

Capital City Energy Group, Inc. (CETG.OB) Appoints David Tenwick to Board of Directors

QualityStocks — Wed, 27 Aug 2008 14:33:25 +0000

Capital City Energy Group Inc. (CETG.OB), a diversified oil and natural gas company, is pleased to announce that it has appointed David Tenwick to its Board of Directors. Tenwick brings about 15 years of experience in the energy sector, as he was a co-founder and director of Nucorp Energy, Inc. Currently, Tenwick serves as a [...]

Capital City Energy Group, Inc. (CETG.OB) Appoints David A. Tenwick to its Board of Directors

QualityStocks — Wed, 27 Aug 2008 12:32:51 +0000

Capital City Energy Group, Inc. (OTCBB: CETG) announced today that it has appointed David A. Tenwick to its Board of Directors. Mr. Tenwick is currently the Chairman of Adcare Health Systems, Inc. (AMEX: ADK - News), a long-term care, home care and management company, an attorney and was the co-founder of a publicly-traded energy company [...]

Dutton Associates Featured Company: Index Oil and Gas, Inc. (IXOG.OB)

QualityStocks — Tue, 19 Aug 2008 19:30:02 +0000

Index Oil and Gas, Inc. engages in the acquisition, exploration, appraisal, development, production, and sale of oil and gas properties, primarily in the prolific petroleum regions of Kansas and the onshore Gulf Coast, mainly in Texas and Louisiana. As of March 31, 2008, the company’s estimated total proved oil and gas reserves were approximately 219.469 [...]