whytestocks
6 years ago
News: $CXO Market Trends Toward New Normal in Fastenal, Concho Resources, US Ecology, II-VI, Fortune Brands Home & Security, and QUANTENNA COMMS - Emerging Consolidated Expectations, Analyst Ratings
NEW YORK, Jan. 23, 2019 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Fastenal Company (NASDAQ:FAST), Concho Resources Inc. (NYSE:CXO), US Ecol...
Find out more https://marketwirenews.com/news-releases/market-trends-toward-new-normal-in-fastenal-concho-resources-us-ecology-ii-vi-fortune-brands-home-security-and-quantenna-comms-emerging-consolidated-expectations-analyst-ratings-7502026.html
Enterprising Investor
8 years ago
Oil drillers making big-money plays in still profitable Permian Basin (8/16/16)
Parsley Energy and Concho Resources are making shale acquisitions in the biggest U.S. oil field that will be financed with new stock sales.
Parsley agreed to pay $400 million for drilling rights across 11,672 acres in the Midland section of the Permian Basin beneath West Texas and New Mexico, the explorer said in a statement Monday. Concho announced a $1.625 billion cash-and-stock deal to buy rights to 40,000 acres from closely held Reliance Energy, expanding its holdings in the basin, according to a statement.
Assets in the Permian, where drilling is still profitable at current prices, reached an all-time high, Iberia Capital Partners analysts said in a research note last month. Still, both companies fell in New York trading Tuesday and may suffer in the near term from the flood of new shares issued to support the deals, said Richard Tullis, a Capital One Securities analyst in New Orleans.
"The size of the transaction could be leading to a little bit of selling as people move in and out of the shares," Tullis said in a telephone interview Tuesday "Longer term, we like the transaction."
It's Austin-based Parsley's sixth acquisition in a $1.53 billion buying spree since oil markets began to collapse in mid-2014. Midland-based Concho plans to use about $1.1 billion in cash and 3.96 million shares for the deal. The company also announced plans to sell 9 million new shares to help finance the transaction and granted underwriters an option to buy an additional 1.35 million.
Parsley is paying the equivalent of about $34,000 an acre; Concho's cost is slightly higher at about $40,000 an acre, based on calculations by Bloomberg.
Both deal values are in line with SM Energy Co.'s $39,543-an-acre purchase of Permian drilling rights announced last week. All three deals were cheaper than QEP Resources Inc.'s $60,000-an-acre acquisition of Permian rights announced in June.
The Concho deal would add to the explorer's approximately 1 million acres in the Permian, an area that Chief Executive Officer Tim Leach called among the "hottest zip codes in the industry," in a conference call with analysts Aug. 3. The 40,000 acres currently produce the equivalent of 10,000 barrels of oil per day, according to Monday's statement. The land has estimated proved reserves of 43 million barrels, Concho said.
Parsley also said it plans to sell 7 million new shares and issue $200 million in 6.25 percent senior notes maturing in 2024 to fund the acquisition. The underwriters have been granted an option to purchase an additional 1.05 million shares. The new stock will dilute the current shareholder base by about 5 percent.
Concho dropped 4 percent to $130.98 at 10:28 a.m. after earlier touching $130.20, the biggest intraday decline since Aug. 1. The shares have gained 41 percent this year. Parsley fell as much as 3.4 percent to $33.39. The stock has advanced 82 percent this year.
http://www.dallasnews.com/business/energy/20160816-oil-drillers-making-big-money-plays-in-still-profitable-permian-basin.ece
stocktrademan
10 years ago
$CXO DD Notes ~ http://www.ddnotesmaker.com/CXO
bullish
quick trade
bullish divergence
$CXO recent news/filings
## source: finance.yahoo.com
Fri, 19 Dec 2014 18:04:00 GMT ~ Pro: About 20% pullback in oil driller budgets
read full: http://finance.yahoo.com/video/pro-20-pullback-oil-driller-180400325.html
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Fri, 19 Dec 2014 17:24:00 GMT ~ Price pressure inside the Permian Basin
read full: http://finance.yahoo.com/video/price-pressure-inside-permian-basin-172400262.html
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Fri, 19 Dec 2014 12:31:00 GMT ~ Decision time in the Permian Basin
read full: http://finance.yahoo.com/video/decision-time-permian-basin-123100094.html
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Thu, 18 Dec 2014 22:05:03 GMT ~ Concho Resources Inc. -- Moody's changes Concho's rating outlook to positive
read full: http://www.moodys.com/page/viewresearchdoc.aspx?docid=PR_315099&WT.mc_id=AM~WWFob29fRmluYW5jZTQyX1NCX1JhdGluZyBOZXdzX0FsbF9Fbmc=~20141218_PR_315099
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Mon, 15 Dec 2014 17:18:00 GMT ~ 3 keys to US oil production
read full: http://finance.yahoo.com/video/3-keys-us-oil-production-171800156.html
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$CXO charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$CXO company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/CXO/company-info
Ticker: $CXO
OTC Market Place: Not Available
CIK code: 0001358071
Company name: Concho Resources, Inc.
Incorporated In: DE, USA
$CXO share structure
## source: otcmarkets.com
Market Value: $11,285,186,189 a/o Dec 24, 2014
Shares Outstanding: 113,010,076 a/o Nov 04, 2014
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.001
$CXO extra dd links
Company name: Concho Resources, Inc.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/CXO/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/CXO/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=CXO+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=CXO+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=CXO+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/CXO/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/CXO/news - http://finance.yahoo.com/q/h?s=CXO+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/CXO/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/CXO/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/CXO/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/CXO/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/CXO/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/CXO/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/CXO/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/CXO/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=CXO+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/CXO
DTCC (dtcc.com): http://search2.dtcc.com/?q=Concho+Resources%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Concho+Resources%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Concho+Resources%2C+Inc.&x=0&y=0
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/CXO/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/CXO
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/CXO/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/CXO/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/CXO/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001358071&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/CXO/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/CXO/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/CXO/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/CXO/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=CXO&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=CXO
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/CXO/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=CXO+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=CXO+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=CXO
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=CXO
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=CXO+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/CXO/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=CXO+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/CXO.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=CXO
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/CXO/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/CXO/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/CXO/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/CXO/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/CXO
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/CXO
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/CXO:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=CXO
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=CXO
$CXO DD Notes ~ http://www.ddnotesmaker.com/CXO
Timothy Smith
12 years ago
Concho Resources is a Midland, TX based mid-cap E&P operator player participating in the Permian Basin of Southeast New Mexico and West Texas. Concho is one of the premier Permian operators with positions in the New Mexico Shelf, Delaware Basin (where it primarily targets the Bone Spring formation and the Texas Permian, that offer a combination of conventional oil plays and unconventional liquids-rich shale plays.
CXO is a pure Permian play with the Basin representing 100% of CXO's 386.5 MMBoe of estimated proved reserves at December 31, 2011, and 100% of the Company's 21.5 MMBoe production for the first nine months of 2012. The Company does have a diversified asset portfolio by having exposure to multiple high-return plays within the greater Permian.
Concho recently reported production growth of 24% in the third quarter 2012, but missed analyst expectations on both top and bottom lines. The stock may be oversold at currently levels, down approximately 23% from January 1, 2012 levels with a PEG ratio of 0.43.
Concho is currently feeling the squeeze of surging output coupled with limited pipeline and refining capacity, which is creating a discount for Midland crude prices relative to spot prices in Cushing, Ok, where the U.S. benchmark crude is delivered. As indicated previously in this article, this is spurring plans to build new and expand existing pipelines.
However, in the short-term, the risk is that this discount may cause smaller drilling programs.
Timothy Smith
12 years ago
Concho Resources, Inc. has a Analysts' Rating of 1.90, and a 5-Year Projected Earnings Per Share Growth Rate of 56.37%.
The short interest was 2.19% as of 08/02/2012. Concho Resources Inc., an independent oil and natural gas company, engages in the acquisition, exploration, and development of oil and natural gas properties in the United States.
Its principal operating areas are located in the Permian Basin region of southeast New Mexico and west Texas. As of December 31, 2011, the company had estimated proved reserves of 386.
OilStockReport
14 years ago
Looks like we will be seeing some continued upside w/ this one.
Concho Resources (CXO) is a company increasing its liquids drilling platform. In the fourth quarter of 2010, Concho had production of 54.4MBoep/d. 2010 proved reserves were 323.5 MMBoe. Concho has 788367 gross and 374743 net acres. Ninety eight percent of its acres are in the Permian. It estimates having 6200 drilling locations. Concho is a leading Permian producer with focus on three locations:
Wolfberry-14 Rigs
Yeso-13 Rigs
Delaware Basin-5 Rigs
The three locations are liquids rich and well costs are low. Concho had production growth of 42% in 2010, and organic growth of 32%. Proved reserves grew 53% with reserve replacement up 858%. In 2010, 662 gross wells were drilled with 32 rigs. Concho closed the sale of its Bakken properties for $196 million. Concho has a $1.1 billion capital budget for 2011:
62% New Mexico Shelf
23% Texas Permian
15% Delaware Basin
Concho's unhedged position is 55%. Since 2006, production has a CAGR of 42%. Concho's proved reserves have a CAGR of 43%. Low costs, increased production and higher oil prices should contribute to a good 2011.
reaper247
14 years ago
Thanks, for the response.
Nice day here for Concho. FWIW, I was just looking at Norse as a foriegn energy stock to buy and hold as a hedge against inflation.
I saw that Merill Lynch bought a little today, so I am feeling OK with it, even though it is down a ton for the year.
Looking for basket case stocks now as we enter "tax loss" selling season. I see alot of sloppy sells as people get frustrated and sell with market orders, and dont care much about the loss, since they are just gonna use the wash to offset gains in other investments.
Happy hunting and Good luck.
reaper247
14 years ago
OT...Turnkey,
Just a FWIW. It could be ugly, but Norse Energy (NSEEF/NSEEY)popped on the Chevron/Atlas news in Norway.
http://www.newsweb.no/newsweb/search.do?messageId=270526
Invitation to 3rd quarter 2010 presentation & webcast
Norse Energy Corp. ASA ("NEC" ticker code OSE - NEC, Oslo, Norway, U.S
OTCQX symbol "NSEEY") is pleased to invite you to the 3rd quarter 2010
presentation on Wednesday November 10, 2010 at
Place: Shippingklubben, Haakon VII's gate 1, Oslo
Date: November 10, 2010
Time: 08:30 am
The 3rd quarter presentation will be broadcasted live on our website
www.norseenergy.com and on Hegnar TV at 08:30 a.m. and can be seen using
the following link:
http://cikmedia.serialive.com/embed.php?id=57079 (http://cikmedia.serial
ive.com/embed.php?id=57079)
For further information please contact:
Richard Boughrum, CFO
Tel: +1 716 (218) 4201
Cell: +1 714 (520) 1702
Email: rboughrum@norseenergy.com
http://www.oslobors.no/markedsaktivitet/stockOverview?newt__ticker=NEC&newt__menuCtx=1.1.16
reaper247
14 years ago
turnkey,
I got a week of hard time in ihub jail instead of getting banned.
http://app.quotemedia.com/quotetools/newsStoryPopup.go?storyId=35501976&topic=LGCY&symbology=null&cp=off&webmasterId=89753
Legacy Reserves LP Announces Agreement to Purchase $105 Million of Properties in the Permian Basin From Concho Resources Inc.
Keep JCDS in mind.
JC Data Solutions (PINKSHEETS: JCDS), a provider of innovative and cost-effective solutions for digital office workflow and data management focusing on the Oil & Gas, Legal and Healthcare industries, has entered into an agreement to provide their Payment Manager™ services to Legacy Reserves, LP of Midland, TX.
reaper247
14 years ago
That was my thought also.
I think the bigger concern for fracking, is waste water treatment and surface spills. Most fracking is well beneath watersheds, and don’t have any impact on local water resources.
Huge amounts of water sucked out of local streams, rivers and lakes, in isolated places. The big problem is the discharge of water after the fracking process.
In remote areas, there aren’t any wastewater treatment facilities. It seems that fracking agents held on site awaiting removal by trucks or held in containment pits are the bigger problem.
I have also been looking for water treatment stocks that might be able to address this issue. I think centrifugal remediation could be a solution to this problem.
All IMO of course.
As far as why Americans would stand in the way of domestic energy production? I would have to un-cork a bottle of conspiracy theories to give any thoughts on that one. Noone wants to see that happen. LOL!
Have you thought about starting a forum? Maybe becoming an asst. mod on an exsisting energy forum?
Just a thought.
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