tag:blogger.com,1999:blog-1527840491496268397.post8543552273106996195..comments2024-03-08T11:20:30.095-07:00Comments on Credit Bubble Stocks: Halcón Resources and Comstock Pulled Out of Tuscaloosa Marine Shale While Goodrich Petroleum Keeps On Drilling $GP $HKUnknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1527840491496268397.post-81123244857586610022015-02-06T21:05:19.418-07:002015-02-06T21:05:19.418-07:00If you take a look at the "Well Economics&quo...If you take a look at the "Well Economics" slide (# 25) in the February 2015 TMS presentation, the title of the matrix clarifies management's goal: to break even.<br /><br />According to the "Hedging Summary" in the February 2015 management deck: GDP will swap 3,500 BOPD at $96.11 in 2015 and they plan to pump 2,200 to 2,800 BOPD -- or really as much as it takes in order -- to break even.<br /><br />It seems like 2015 will be a "go big or go home" CAPEX year.<br /><br />GDP may sell more of the non-TMS assets for cash to carry on. <br /><br />When do you think covenants on the senior credit facility will get triggered?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-69820828233374118792015-02-06T11:49:06.835-07:002015-02-06T11:49:06.835-07:00A lot of people would rather lose everything than ...A lot of people would rather lose everything than have 5 cents on the dollar left.CPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-63189086689697482302015-02-05T22:03:59.645-07:002015-02-05T22:03:59.645-07:00In poker terms, GDP is "pot committed".
...In poker terms, GDP is "pot committed".<br />They don't have enough remaining chips to bail out so its all in and hope they draw a winner on the river card.<br />With the wild calls for oil prices, who knows? Maybe oil will jump to 90.00 again by spring. At least GDP mgt can hope. Frankly I have no clue as to oil prices. Its so sensitive to supply and demand imbalances that just a touch either way makes pricing tidal waves.whydibuyhttps://www.blogger.com/profile/10101676402335591169noreply@blogger.com