Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (41850)	3/19/2011 12:15:08 PM
From: E_K_S	Read Replies (1) \| Respond to of 78751

French fighter jets deployed over Libya edition.cnn.com From the article:"..."As of now, our aircraft are preventing planes from attacking the town," he said. "As of now, our aircraft are prepared to intervene against tanks."..." <clip> "...Asked whether the decision to carry out bombing against Libyan forces could begin immediately after Saturday's session ends, a senior State Department official said: "In terms of when the bombing starts, I'll leave that for others to lay out at the appropriate time."..." ================================================================ Oil closed at $101/barrel Friday and I expect we will see $125/barrel before this is done especially if cruise missiles are launched. over the weekend. Not too sure why the U.S. is sending amphibious ships to the region as the President stated "No Boots On The Ground". U.S. to deploy more ships to support Libya planning ca.news.yahoo.com From the article:"...WASHINGTON (Reuters) - The United States will deploy additional amphibious ships to the Mediterranean, the military said on Friday, as part of the Obama administration's plans for responding to ongoing violence in Libya. The USS Bataan Amphibious Ready Group will deploy on March 23 "ahead of its original schedule in order to relieve units from the USS Kearsarge (Amphibious Ready Group) currently positioned in the Mediterranean Sea," it said in a statement. The arriving group includes the amphibious assault ship USS Bataan, based in Virginia, and other ships...." --------------------------------------------------------------- I think that many of the Domestic and Canadian Energy companies just increased in value as the political risk in the Mid-East just moved up significantly. EKS

To: E_K_S who wrote (41850)	3/21/2011 9:32:55 PM
From: E_K_S	Read Replies (1) \| Respond to of 78751

Re: Voyager Oil & Gas, Inc. Common (VOG) finance.yahoo.com Doubled up on my initial tracking position. From their most recent 10K ( biz.yahoo.com ):"...We expect to drill approximately 6 net Bakken/Three Forks wells and 6 net Niobrara wells in 2011 with drilling capital expenditures approximating $60.0 million. We currently expect to drill wells during 2011 at an average completed cost of $7.0 million per Bakken/Three Fork well and $3.0 million per Niobara well. Based on evolving conditions in the field, we expect to deploy approximately $10 million towards further strategic acreage acquisitions during 2011. We expect to fund all 2011 commitments using cash-on-hand, which includes proceeds from our February 2011 private placement, cash flow from operations and the establishment of a credit facility...." Recent Equity Offering Complete February 2011 Equity Offerings "...On February 8, 2011, the Company completed a private placement to accredited investors of 12,500,000 shares of common stock. The net proceeds from this sale of common stock were approximately $46.6 million after deducting underwriters discounts and estimated offering expenses. The Company also issued 6,250,000 of warrants to subscribers of the private placement concurrently with the sale of shares. The warrants have an exercise price of $7.10, and a five year term from the date of the closing.The proceeds will be used to pursue acquisition opportunities, develop our accelerated drilling program in the Williston and Denver-Julesberg Basins and other working capital purposes...." ---------------------------------------------------------- The company's drilling program for 2011 will significantly increase their current production bringing 12 new net wells into production (about one per month). Most of their production is oil (80% Oil in 2010 & over 90% in 2011). The company has little debt ($14 Million or about $0.28/share)) but will see 12% common stock dilution when the 6.5 million warrants are exercised at $7.10/share. I estimate there will be 52 million share outstanding when warrants are included in the total. They currently produce (as of 12/31/2010) 120 barrels of oil per day (on .75 net wells). By year end 2011 (w/ 12.74 net wells completed) I estimate they will be producing 2,065 Bpd. 90% of that s/b oil. This occurring on only 20% of their permitted acreage. As new completed producing wells are announced through out the year, I expect the stock to approach (and may even exceed) the $7.10/share exercise "warrant" price, 40% higher from current levels. Stock seems undervalued to me at current prices and I am a buyer below $5.00/share especially when they have secured the $60 Million financing needed to complete their 2011 drilling program. I have been wrong many times and may be wrong again. A lot of this hinges on VOG drilling successful producing wells (no dry holes), staying on budget and running into no company or industry specific (ie. environmental) problems. Six of their 2011 proposed new net well are in the Niobrara region which has shown to produce very "Oily" high grade crude. EKS