Despite the low natural gas prices, Royal Dutch Shell (RDS.A) intends to increase its natural gas production in North America. The company has marked its deepwater discoveries in the Gulf of Mexico as well as from giant shale formations in western Canada, the Rockies and the Gulf Coast for this production growth.  While the company declined to say how much the expected North American gas production to grow, it believes that long-term natural gas prices will recover. Royal Dutch Shell has a leading position in natural gas.  The company is the second largest natural gas producer in the world and has led its super major peers in monetizing its substantial worldwide equity natural gas resource base by investing in liquefied natural gas (LNG) and Gas-to-Liquids (GtL) technologies. Royal Dutch Shell has emerged as a clear leader in the fast-growing LNG business.  The group continues to ...

Recently, Newfield Exploration Co. (NFX) – an independent energy firm – announced plans to cut back its third quarter natural gas production by about 2.5 billion cubic feet equivalent (Bcfe), on wells in the company's Mid-Continent division. The curtailments (roughly 4% of the company’s production guidance of 62.9–70.0 Bcfe) are in response to current low natural gas prices. Newfield, however, maintained its 2009 production guidance of 250–260 Bcfe, a 6% to 10% increase over 2008 production of approximately 236 Bcfe   In recent months, natural gas prices have remained weak as a result of recession-related reduction in demand and abundant U.S. production. Prices rallied earlier last year, reaching over $13 per million Btu (MMBtu) in July 2008, before trending down. They have since dropped sharply to the current level of $3.02 per MMBtu (Henry Hub spot price). Since most of Newfield’s reserves (roughly 70%) are tied up ...

Yesterday, Williams Co.s (WMB) agreed to buy additional natural gas properties in the Piceance Basin of western Colorado from a private company for $258 million. The new acreage is located on the east of Williams’ existing assets in the region. The deal is expected to close towards the end of the third quarter.

The acquisition of 21,800 net acres includes 28 wells currently producing 24 million cubic feet equivalent per day (MMcfe/d), as well as associated natural gas and water gathering facilities. Tulsa, Oklahoma-based Williams already holds about 190,000 acres in the Piceance Basin.

The latest acquisition may contain an estimated 795 billion cubic feet equivalent of net reserves (Bcfe), of which approximately 150 Bcfe are proved reserves. Williams plans to finance the $258 million transaction, along with $15 million in projected 2009 development costs and $50 million of the 2010 development costs, with available cash.

The additional

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PennyOmega.com Stock Report!

PennyOmega.com Hot Stock News & Alerts!

 

Monday August 10, 2009

PennyOmega.com Stock Report!

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Rainmaker Systems, Inc. (Nasdaq: RMKR), a leading provider of sales and marketing solutions offering hosted application software and execution services, is pleased to announce ViewCentral 6.0, the latest release of its SaaS, on-demand Learning Management Solution (LMS) for customer education sales. This release further cements ViewCentral’s position as a leader in SaaS on-demand training platforms for companies who want to generate revenue from their customers through education sales, with globalization, open standards and improved ease-of-use.

Bridgepoint Education, Inc. (NYSE: BPI), a provider of postsecondary education services, today announced that its academic institutions — Ashford University and University of the Rockies

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Anadarko Petroleum (APC) posted better-than-expected numbers for the second quarter of 2009 on higher sales volumes, lower lease operating expenses (LOE) and improved drilling efficiency. Net loss from continuing operations were 47 cents per share, lower than the Zacks Consensus Estimate of 66 cents. It reported a net income of 3 cents per share in the same period last year.   Sales volumes went up 12% to 56 million barrels of oil equivalent (BOE) or 617 thousand BOE per day, above the quarterly guidance, primarily due to higher volumes in the Rockies and Independence Hub and higher natural gas liquids (NGL) recoveries at the Chipeta Cryo plant in Utah. Daily sales volumes of crude oil & condensate, natural gas and NGL averaged 182 thousand barrels (down 7%), 2.3 billion cubic feet (up 25%) and 46 thousand barrels (up 12%), respectively.   Revenues dipped 37% to $1.7 billion due ...

On Monday, June 29, interim service began on REX East, the eastern section of Kinder Morgan Energy Partners' (KMP) 1,679-mile multi-state Rockies Express Pipeline (REX). With a capacity of 1.6 billion cubic feet per day (Bcf/d), natural gas started flowing on the 444-mile segment of the $6.6 billion pipeline that runs from Audrain County, Missouri, to the Lebanon interconnection point in Warren County, Ohio. Earlier, during May last year, the western section of the pipeline (REX West) came online. The 713-mile pipeline runs from the Cheyenne hub in Weld County, Colorado, to a major delivery point in Brown County, Kansas and has a capacity of 1.5 Bcf/d.

The remaining portion of the 639-mile 42-inch diameter Rex East pipeline, which will end in Clarington, Ohio, is expected to be operational by November 1, 2009. When fully completed, the entire 1,679-mile pipeline will be capable of transporting roughly

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EXCO Resources, Inc. (...

Despite things looking decidedly negative in Far East and London trading yesterday, the bottom in the gold price [such as it was] came at the beginning of Comex trading at 8:30 a.m. New York time yesterday morning. So the sell-off I was so concerned about in yesterday’s rant didn’t amount to a hill of beans, because by the time the smoke had cleared, the gold price was virtually unchanged from Tuesday. Let’s see what happens today.

However, if one looks at the silver chart, it looks like someone found a cliff to shove the price off of shortly before 4:00 p.m. during Hong Kong trading. The silver price dropped about two percent in half an hour or so…as some not-for-profit seller was about. That turned out to be the low of the day…despite the usual shenanigans at the Comex open. The 3-day silver graph doesn’t look like normal supply and demand

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Warren Resources Inc. (WRES) is an independent energy company engaged in two major developments: the Atlantic Rim CBM play in Wyoming's East Washakie Basin, and secondary oil recovery operations in the Wilmington field in the Los Angeles Basin. This oilfield represents the third largest field in the U.S., and around 90% of the company's proved reserves are located in the Wilmington field.The current commodity-price and credit market downturn has hit Warren hard. Its high-cost oily Wilmington play has become uneconomical, resulting in a more than 60% drop in proved reserves. And its natural gas asset in Wyoming is exposed to depressed Rockies prices. In response, the company has cut its cap-ex budget to the bone, which it should meet through internal cash flows.Despite clear near-term challenges, we continue to believe that the stock offers a compelling long-term value given its favorable set of growth ...

Newfield Exploration (NFX), based in Houston, Texas, is an independent energy company engaged in the exploration and production (E&P) of crude oil and natural gas. In an asset-diversification strategy, management has turned what was once an exclusive concentration in the Gulf of Mexico into a balanced portfolio.

We are downgrading Newfield shares to Sell from Buy to reflect the company's weak competitive position in the current unfavorable macro backdrop. We believe that the Newfield asset portfolio centered around the Rockies and Gulf Coast regions are lacking in a meaningful exposure to the emerging shale plays.

Thus, it is not suited for the current environment of low commodity prices and restricted access to capital. We have also reduced our estimates to reflect a lower commodity price deck. "NFX" Free Stock Analysis: Buy? Sell? Hold?Zacks Investment Research