- 235, 478, Hess, Lalim-Borstad 35-41, Tioga field, Madison; t1/53; cum 283K; PNA;
- 235, 429, Hess, Lalim-Borstad 35-41, Tioga field, Ordovician; t8/67; cum 956K; PNA;
- 235, 265, Hess, Lalim-Borstad 35-41, Tioga field, Devonian; t7/84; cum 1.40 million; PNA;
Tuesday, April 24, 2012
Random Look At An Old Multiple Payzone Well in The Williston Basin
Three payzone well, total production, ~ 2.63 million bbls; now PNA
Ten Facts About The COP Spin-Off -- SeekingAlpha
Link here to SeekingAlpha.com.
One share of Phillips 66 (PSX) for two shares of COP.
COP: 4.5% dividend, likely.
PSX: 2.2% dividend, likely.
Annual dividend increases from each company, again likely.
Distribution will occur Monday, April 30, 2012.
The Phillips 66 shares are currently trading at $35.68. The post-spinoff Conoco is currently trading at $54.52. The combined Conoco is trading at $72.33. Let's say you owned 100 shares of Conoco, worth $7,233. Your 50 shares of Phillips 66 would be worth $1,784. Your post spinoff Conoco shares would be worth $5,452. That equals $7,236 in total, implying that the "when issued" market is trading at a negligible premium right now.
One share of Phillips 66 (PSX) for two shares of COP.
COP: 4.5% dividend, likely.
PSX: 2.2% dividend, likely.
Annual dividend increases from each company, again likely.
Distribution will occur Monday, April 30, 2012.
The Phillips 66 shares are currently trading at $35.68. The post-spinoff Conoco is currently trading at $54.52. The combined Conoco is trading at $72.33. Let's say you owned 100 shares of Conoco, worth $7,233. Your 50 shares of Phillips 66 would be worth $1,784. Your post spinoff Conoco shares would be worth $5,452. That equals $7,236 in total, implying that the "when issued" market is trading at a negligible premium right now.
Eight (8) New Permits -- The Mercer Well On DRL Status -- The Williston Basin, North Dakota, USA
Daily activity report, April 24, 2012 --
Operators: CLR (2), G3 Operating (2), Whiting, Hunt, Petro-Hunt, and SM Energy
Fields: Cartwright (McKenzie), Elm Tree (McKenzie), Wolf Bay (Dunn), Bell (Stark), and Lone Tree Lake (Williams)
G3 Operating has permits for two wildcats in Williams County.
Three wells were released from "tight hole" status and not one reported an IP. Two were Red River wells and one was a Bakken well in Mercer County. Whiting had one of the Red River wells (in Golden Valley County) and CLR had the other Red River well, in Bowman County.
The Mercer County well:
Operators: CLR (2), G3 Operating (2), Whiting, Hunt, Petro-Hunt, and SM Energy
Fields: Cartwright (McKenzie), Elm Tree (McKenzie), Wolf Bay (Dunn), Bell (Stark), and Lone Tree Lake (Williams)
G3 Operating has permits for two wildcats in Williams County.
Three wells were released from "tight hole" status and not one reported an IP. Two were Red River wells and one was a Bakken well in Mercer County. Whiting had one of the Red River wells (in Golden Valley County) and CLR had the other Red River well, in Bowman County.
The Mercer County well:
- 21284, DRL, Cirque, Old Engine Oil 16-4H, wildcat, Bakken; s10/11; note the post regarding Mercer County here. Also, note the comments at that post this date.
Carpe Diem Links Regarding North Dakota
North Dakota leads nation in growth. North Dakota led the country with a 10.7% annual gain. North Dakota was second (2.9%) in quarterly increase behind West Virginia (3.44%) for 1Q12. -- Philadelphia Federal Reserve.
Shale-based economic boom.
Shale-based economic boom.
Holy Mackerel! Expected $10; Actual $12 -- A Blow-Out
Updates
April 25, 2012: AAPL is up an astounding $51 in pre-market trading.
Original Post
Disclaimer: this post was typed on the fly while listening to CNBC and flipping back and forth to financial websites. There may be errors, especially with the numbers.
Disclaimer: I've never owned shares in AAPL and don't own any shares in AAPL now and won't be buying any shares in AAPL. Apple, Inc., is simply my favorite company.
AAPL.
Beats expectations by $2.26 and most talking heads all day thought AAPL would miss. The CNBC analyst following AAPL appears absolutely stunned. He says he's looking for something to "calm" this down, but can't find anything. Can't explain why ATT and Verizon did not foreshadow these numbers. Obviously it's all about overseas growth this most recent quarter. [This is the big story of the day: the CNBC analyst completely missed the China story; they were focused on ATT and Verizon iPhones and felt that AAPL was going to miss on number of iPhones sold. This is a CHINA story. And this affects more than just AAPL. Think energy.]
35 million iPhones.
12 million iPads.
7 million iPods (stronger than expected)
4 million iMac desktops/laptops -- a little light [for newbies: AAPL has announced a new operating system later this summer; rumors of refresh in hardware this summer; the big quarter for iMacs is the quarter before school starts and the first full quarter of fall semester]
Everybody is too focused on the cash horde; tiring. Cash at end of 2Q12: $110 billion.
AAPL CFO: Highest March quarter ever for earnings, revenue. They can't make the iPhones fast enough; they sell them as fast as they make them. iPads flying off the shelves overseas.
One analyst: "Huge."
Another analyst: "A very good number."
Maria: "A blowout."
Maria: "Another blowout." She's about to have a stroke.
Maria: "posting another very strong quarter."
2Q12 revenues: $39.2 billion; forecast $36.8 billion
Ten seconds after the announcement and Maria the talking ahead is asking how can they keep going? What can they do next? A bit tiresome. "They've" been asking that from AAPL from the very beginning.
Up $25 after hours immediately following the announcement. Now, at 4:50 p.m. EDT, it's up $41.22/share.
Wow, I'm glad I'm not short AAPL.
All the above typed, and posted, and the link to the "Business Insider " has not yet posted any AAPL earnings. At 4:46 no update from this "live" site. My initial post was date/time-stamped (note the time-stamp is Central Daylight Time, one hour earlier than Eastern Daylight Time).
Remember all those concerns about the passing of Steve?
Wow, now the Fast Money folks are eating crow. Wow.
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