Investing: WLL

Finance!Yahoo: WLL.
Whiting USA Trust 1.


Corporate Presentations

Excellent presentations, especially the several Q&A slides at the end of most of their corporate presentations. 

4Q10: Earnings, February 25, 2011
3Q10: Earnings, October 27, 2010
Q2 2010: Earnings, July 28, 2010
Q1 2010: Financial and Operating Results, April 28, 2010.

Motley Fools CAPS: outperform. November 2, 2009.

November, 2009: Corporate presentation.

Note slide 21 how far east in North Dakota the oil might extend. Also note that WLL's EUR/well is 850K bbls; compares almost identically with EOG's 900K bbls EUR for their Bakken Core wells.

3rd quarter report: Eye watering report!

"We recently completed three prolific oil wells in the Sanish field. On October 23, 2009, Whiting posted a new record initial production rate for a Bakken well. The Maki 11-27H (permit 17612) flowed 4,345 barrels of oil and 2.5 million cubic feet (MMcf) of gas (4,761 BOE) per day during a 24-hour test of the Middle Bakken."

The Maki is located in an incredibly good township (154-91). Go to this site and scroll down to that township and see the monster wells.

3rd quarter earnings, 2009: beats analysts' estimate (59 cents vs 28 cents estimated); raised production; and predicts increased production.

Some time ago Whiting sold much of its acreage to its oil royalty trust; that action no longer affects WLL equity performance. The Whiting oil royalty trust ticker symbol is WHX and currently (October, 2009) pays over 14%.

NEWS

February 1, 2011: SeekingAlpha on WLL -- positive review.

January 25, 2011: SeekingAlpha on dramatic downtown for WHX based on "sell" recommendations.

January 4, 2011: SeekingAlpha on WLL. WLL is definitely one of the top five investing opportunities in the Williston Basin. Among the drillers I find CLR, WLL, and KOG very exciting. NOG is in the same group (exciting) but it has a unique business model unlike the three just mentioned. I continue to watch BEXP -- if I exhausted my interest in the other four, I would start accumulating BEXP.

October 17, 2010: WLL announces a new revolving credit facility with access to $1.1 billion.

August 17, 2010: zmansenergybrain.com -- WHX, 2Q,2010.

August 6, 2010: WHX quarterly distribution announced -- 74 cents. Can you say "ka-ching"?

July 12, 2010: Talk of deals in the Bakken.



Updated: periodically.