Posts from the ‘Natural gas’ Category

Apr 22

A look at the Gastar’s Hunton Play

I took a position in Gastar (GST) as part of a basket of stocks I bought to play the natural gas price recovery (which I wrote about here).

Soon after I added the company released news of a transaction with Chesapeake to acquire a significant amount of acreage in Western Oklahoma. At the same time they unveiled that their secretive mid-continent play was the Hunton in Oklahoma (not an unfamiliar name to us Equal Energy bagholders), and that the acreage being acquired from Chesapeake would expand their position in the Hunton significantly. As it was, I bought more.

This weekend I listened to the Gastar presentation at the IPAA Oil And Gas Investment Symposium and I was happy to hear how well their second Hunton well is performing. Read more

Apr 15

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Some Conclusions on the Natural Gas Market

I have spent much of my weekend researching the state of the Natural Gas market. In this post I am going to outline what I’ve learned and draw some tentative conclusions.

My interest in natural gas was piqued after the abnormally cold March that we’ve had and the coinciding decline in natural gas storage to below the 5 year average.

Subsequently, after reading an article posted by @Dedwardssays on his blog and a couple of articles on Seeking Alpha, I took a position in Gastar Exploration (GST). At the same time I added a call position in Exco Resources (XCO). Since then I have added a small position in WPX Energy (WPX), which appears to have had a large Niobrara discovery in the Piceance Basin. I also, of course, have held a position in Equal Energy (EQU) for the last number of weeks. I am actively looking for undervalued natural gas biased companies producing the in the lower 48. Read more