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.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (176692)	2/25/2013 8:17:57 AM
From: Dale Baker	2 Recommendations Read Replies (1) \| Respond to of 206106

Looks like DVN is a good way to play the Cline: lubbockonline.com 02/21/13 10:01 am ET ... S&P MAINTAINS BUY RECOMMENDATION ON SHARES OF DEVON ENERGY (DVN 56.03****): DVN post Q4 and an $86 net asset value estimate. We lift our target price by $4 to $70. On cost and production guid- ance, we cut our '13 EPS estimate $0.27 to $4.34 and set '14's at $5.67. Q4 EPS of $0.78, vs. $1.55, missed our forecast by $0.03 on costs as pro- duction and prices beat. We see flat overall production in '13 with gas down 8% and oil up 37%, but the liquids mix is seen at 43%, vs. 38%, in Q4. Drilling capex plan is $6.4B-$7.0B, vs. $6.8B in '12 ex. acquisitions. Reserves only fell 2% after gas revisions, with oil up 13%, boost- ing our NAV on higher margin oil. /M

To: Dennis Roth who wrote (176692)	2/25/2013 11:38:05 AM
From: Dennis Roth	1 Recommendation Respond to of 206106

Mills: West Texas' Cline Shale play latest hot spot in oil exploration Alex Mills Posted February 24, 2013 at 4:32 a.m. timesrecordnews.com

To: Dennis Roth who wrote (176692)	4/28/2013 9:39:17 AM
From: Dennis Roth	1 Recommendation Read Replies (1) \| Respond to of 206106

Ready (or Not?) for a Great Coming Shale Boom nytimes.com SWEETWATER — About a year ago, talk began circulating in this West Texas town about a huge oil-producing formation called the Cline Shale, east of the traditional drilling areas around Midland... ...Barry Smitherman, chairman of the Railroad Commission of Texas, the state’s oil and gas regulatory agency, has said that oil production in Texas could roughly double by 2020... ...“The most optimistic of people believe that we’ve only seen the beginning of a burst of technological innovation, and if you look back from 2020 to fracking techniques in 2013, by 2020 you’ll think these are sort of feudal times,” said Edward Morse, global head of commodities research for Citigroup...