Tags:
Annie what township are you in?
Gulfport is in solid financial shape. All of the companies with renewals (second 5 years) are attempting to lower their lease costs. You are in the sweet spot and they will most likely pay the full contract price before the date due. Of course they could not renew and then hope to resign you for less signing bonus. The ball is in their court. Good luck!
Solid financial shape?
Losses from write downs?
After they paid the bankers, they were cash flow positive by how much?
What page on their financial statements can I find the number that has so impressed you?
Why are so many of Gulfport's big shots dumping large blocks of stock?
Check out the SEC Form 4's attached hereto:
http://www.streetinsider.com/stock_lookup.php?q=GPOR
Why were they downgraded by Deutche Bank and KLR Group?
Many people believe that their website has two purposes: to deceive and obscure.
The Gulfport website is not a source of candid, much less fully candid, information.
Paul,
The write downs are an accounting requirement. It is a non-cash entry that reduces the value of their reported hydrocarbon reserves. All of the E&P's are required to record this very painful accounting entry, which mostly effects their balance sheet and net worth. This, coupled with reduced earnings, both caused by low commodity prices, is the reason for the credit downgrades by the bankers.
IMHO, GPOR is a straight shooter. It looks like the "big shots" were timely in their stock sales. However, GPOR is mostly an NG and liquids producer. Those prices have recently risen nicely and at least so far haven't retreated to the extent of WTI.
BluFlame
BluFlame,
You cannot help Paul. He is the type of guy who knows everything and nothing all at the same time. Hopeless case! Send him to old Ron Hale and the two will buy a trailer home and live miserably ever after. It's shameful yet laughable. Everyone is out to get them (particularly the Okies) and they know all about O&G and love to play the eternal victim card. Sadly people on here actually listen to them and follow them merely because they speak loudly and appear to be harmed wrongfully in some way.
Like the other ill informed apologists for the Shalers, you're long on opinion and short on facts.
Few, if any, of my posts are unsupported by a link to a third party source from respected, national experts.
Exactly which one of my posts contain information you can discredit?
The answer is none.
If you had anything in addition to your dim witted opinions--you would have posted them.
You stating fallacies and wishful thinking doesn't make them true
The foregoing only demonstrate that you are as ill tempered as you are dim witted as you are bereft of character.
Your libels of me may discredit me with a small number of other ill informed readers, but in doing so you are blighting your soul in the eyes of God!
I see myself as a Christ like figure.
OH wow........ just wow....... Christ-like figure? Blighting my soul in the eyes of God? I don't even have a response for you. It's worse than I suspected.
I will give you this much....... Your vocabulary is impressive! I've heard of this sort of thing and since you threw down the gauntlet on backing up my claims with a hyperlink I've taken the liberty to include one that may perhaps explain you're impeccable use of the English language. Enjoy!
OKLAHOMA CITY (AP) _ Gulfport Energy Corp. (GPOR) on Wednesday reported a loss of $339.8 million in its second quarter.
On a per-share basis, the Oklahoma City-based company said it had a loss of $2.71. Earnings, adjusted for non-recurring costs, were 24 cents per share.
http://finance.yahoo.com/news/gulfport-energy-reports-2q-los
Gulfport's realized prices for the second quarter of 2016 were ($1.10) per Mcf of natural gas, $37.23 per barrel of oil and $0.30 per gallon of NGL, resulting in a total equivalent price of ($0.47) per Mcfe.
My role here on GMS is akin to Jesus teaching in the Temple (Luke).
Your role and the role of the Shalers is akin to the role of the Money Changers.
The Money Changers/Shalers are changing the money which belongs to the Appalachian Oil & Gas Rights Owners into the money belonging to the Insiders, Bankers, Lawyers and Pipeline Operators.
I'm doing my part to cast the bad eggs out.
Go in Peace (you've stopped making sense).
© 2024 Created by Keith Mauck (Site Publisher).
Powered by
h2 | h2 | h2 |
---|---|---|
AboutWhat makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen. [ Read More ] |
Links |
Copyright © 2017 GoMarcellusShale.com