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

To: Dennis Roth who wrote (185028)	7/28/2014 10:13:26 AM
From: Dennis Roth	2 Recommendations Recommended By evestor LoneClone Read Replies (1) \| Respond to of 206118

Anadarko Petroleum Corp. (APC), Forum Energy Technologies, Inc. (FET), Oil Search Ltd (OSH.AX), Saipem (SPMI.MI), ETF Perspectives Anadarko Petroleum Corp. (APC) The 'Thomas Edison of Shale': Meaningful Target Price Raise on Looming Minerals Move 28 July 2014 sendspace.com Our take: We believe APC is evaluating options to accelerate value from its vast minerals stake, which we believe is one of the most under-appreciated assets in E&P. There are several clues, which suggest value acceleration could be in the form of a forward sale of its Rockies minerals cash flows vs. an IPO. Our analysis suggests a forward sale could drive $6.1 billion, or $12.20/share, of value. The risk to our call is management inaction, but APC's body of value acceleration work under Al Walker's regime suggests this is a risk worth taking. Another risk to our thesis is the potential for a widespread frack ban in Colorado Forum Energy Technologies, Inc. (FET) Sticking to the Game Plan 25 July 2014 sendspace.com Oil Search Ltd (OSH.AX) Cost Curve Analysis Infers Limit to Expansion 25 July 2014 ¦ 19 pages ir.citi.com Hides Upside to be Defined Shortly Based on our review of Hides depth contour mapping, we estimate 1.8 – 2.9tcf of gas upside at Hides, which we think is slightly less than market expectations. Hides PWD well will help define expected upside to the Hides 2P reserves by September. Capex Benchmarking and Cost Curve Analysis infers Limitations for Expansion Opportunities We have used a detailed benchmarking analysis of PNG LNG budget to then define a cost curve for known gas resources in PNG. We expect both Hides and P'nyang will be required to underpin T3 given XOM market on a 1P basis, and Antelope will underpin a further 2 train development, but remaining gas resources are high cost and marginal if developed to underpin expansion trains. Gas resources could be used as backfill, but the long dated nature has lower value. Maintain Sell, target price A$8.40/shr Dale Koenders \| James Byrne \| Vishesh Pachnanda Saipem (SPMI.MI) Still lacking clarity 28 July 2014 sendspace.com ETF Perspectives Identifying Inflation Connections 24 July 2014 ir.citi.com Not for Distribution to Non-QIBs and/or Retail Clients. So shield your eyes, don't look.