Thursday 30 Oct 2014

U.S. Exceeding in Oil Production – SD, MHR, KOG

The declaration by the International Energy Agency that the U.S. will exceed Saudi Arabia in oil production by 2020 is indication to the power of technology to modify an industry. The U.S. is raising so-called tight oil reserves by digging up the oil through hydraulic fracturing and horizontal drilling.

Within 10 years, U.S. oil bring in will plunge to about 4 million barrels a day from a present average of 10 million. According to the IEA, the U.S. will drive 11.1 million barrels of oil a day in 2020 and 10.9 million in 2025. Those figures are 500,000 barrels and 100,000 barrels higher, correspondingly, than its estimates for Saudi Arabia for those years.

SandRidge Energy Inc. (NYSE:SD)
SandRidge Energy Inc. (SD), the oil company that mislaid more than one-fourth of its market worth this year, accepted a shareholder rights plan after two of its main owners called for a sale of the company.

In last trading session, SandRidge Energy Inc. (NYSE:SD) moved up +5.24% and closed at $5.62 with the overall traded volume of 18.90 million shares. SD has outstanding shares of 490.48 million with the total market capitalization of 2.76 billion and its beta value stands at 2.10 times.

Magnum Hunter Resources Corp (NYSE:MHR)
Magnum Hunter Resources Corp’s 10.25% Series C Cumulative Perpetual Preferred Stock (AMEX: MHR.PRC) will buy and sell ex-dividend, for its monthly share of $0.2135, owed on Nov 30, 2012. As a proportion of MHR.PRC’s latest share price of $25.75, this dividend works out to approximately 0.83%.

Magnum Hunter Resources Corp (NYSE:MHR) reported the gain of +13.08% with the closing price of $3.89 and its overall traded volume was 4.64 million shares. Stock price 52 weeks high was $7.71 and 52 weeks low price was $3.29.

Kodiak Oil & Gas Corp (USA) (NYSE:KOG)
Kodiak Oil & Gas Corp (USA) (NYSE:KOG) jumped +2.84% with the closing price of $9.06. The overall volume in the last trading session was 4.19 million shares. Its fifty two week range was $6.92-$10.90. The total market capitalization remained $2.39 billion.

In its share capital KOG has 264.05 million outstanding shares while 257.60 million shares have been floated in market. KOG has insider ownership of 0.62% with its institutional ownership remained 69.19%. Company’s current year earnings per share grew with 205.75% while the five year EPS growth rate was 0.00%.

 

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