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Thursday, January 26, 2012
"Based on our estimates, the share price can easily trade from the current share price of $20 to $50/share in 2012."
Read ADES Article on Seeking Alpha
Monday, January 23, 2012
Mr. Isaac, 29, is founder of the Isaac Organization and head of Isaac Capital Group, a privately held investment company. In that capacity, Mr. Isaac has closed a variety of multi-faceted real estate transactions, including transactions involving the U.S. federal government and publicly traded companies. Mr. Isaac also has experience in aiding publicly traded companies in implementing turnarounds and in raising capital. Mr. Isaac studied economics and finance at the University of Ottawa, Canada. Read Filing
His firm just bought a 17% stake. Read Filing
The filing says this is why : Item 4. Purpose of Transaction
This is the fund's website : Isaac Fund Website
Friday, January 6, 2012
Earthstone Energy, Inc.(ESTE) has only 1.7m shares outstanding and a public float of 1.2m.
ESTE had EPS for the last 6 months of $0.81. The oil revenue for the last 3 months has been booked at an average price of $87 per barrel of oil and they did $0.43 EPS for the quarter. (Recently oil is over $100 per barrel). Reserves increased 2% and the Company has been investing in new Bakken wells participation. Read 10-Q
The Company is expanding with new wells in the Bakken territory (where they mostly reside) and is partners with some of the major Bakken oil players CLR and BEXP.
Recent comment from their President in a press release:
"The Company expects to continue its strategy of participating in drilling non-operated, horizontal wells which now includes both the Bakken and Three Forks formations." Singleton continued, "The next few quarters should prove to be exciting. In addition to the new wells mentioned above coming on production, we are evaluating two non-Bakken opportunities which could positively impact the Company's reserves and production and hope to announce progress on these ventures in the future. With numerous efforts both underway and in the planning process, we eagerly anticipate increasing the Company's profitability and cash flow." Read Press Release
Bakken oil stocks have been very strong as of late. Domestic oil production is a theme growing stronger each day. KOG, CLR, NOG are 3 of them.
CLR is at $75 and is expected to do $2.53 EPS this year for a P/E of 29 See Numbers
KOG is at $10 and is expected to do $0.25 EPS this year for a P/E of 41 See Numbers
NOG is at $25 and is expected to do $0.63 EPS this year for a P/E of 40 See Numbers
Let's assume that ESTE only conservatively doubles first half EPS to end the year at $1.62 EPS. Applying the P/E ratios of CLR, KOG, and NOG would give ESTE a price range of $53 to $75. It is currently at $16. Throw in the fact this has a minuscule float and number of outstanding shares and that is why I think ESTE has potential to be the next big oil momentum stock. I am long at $15.75.
Low float stocks can be volatile and dangerous and are not for chasing or large positions in my opinion.
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Welcome to super-trades.com, blog home of Superman. Purpose of this blog is for me to discuss my trades and stock ideas (As well as opinions and rants on stock market related issues). I will mention the date and price I enter. As far as exits, I always try to take half off when I have some profit and if I believe in the stock, let the rest run further. I always also use mental stop limits, at which time I would exit and minimize any losses. I do not like to give price targets unless I can support them by P/E in some way or by comparison to another stock. I just post stock trades and ideas that I believe will go higher (or lower for shorts) and the reason I believe that. Individuals should have their own strategies for managing profits and losses. My stock picks tend to NOT be daytrades at all and many take time to move. I am not an investment advisor and this blog should not be considered or followed as investment advice.