alertmeipp

Penn West Announces Management-Initiated Internal Review of Accounting Practices and Decision to Restate Certain Historical Financial Statements Jul 29, 2014 No impact on previously disclosed cash and debt balances Penn West anticipates possible delay in reporting second quarter financial results http://pennwest.mediaroom.com/index.php?s=27585&item=135220 Not good.

Well, another down date for Canadian O&G. But the events that are unfolding in Middle East and Ukraine could potentially be net positive for this sector. Natural gas weakening is a bit concerning, weather is just not cooperating.

How does KOG compare to LTS in growth rate?

for me, not losing money is hard enough.

Hate to see so much profit gone in the last few days with oil still near 100 and gas 4. Added some.

MEI back down to 2.6. Any bad news out or just general O&G correction?

Maybe the Chinese will no more be able to run mines, steels, pulp plants at loss for too much.

I've sold out all the common on LTS, some too early. Just holding on some leaps now which is hard to sell at any premium after the rally. :) Majority of proceeds go back to other CDN producers like PWT and black hole like ALS, none were as good as LTS in term of last couple months' performance. The speed of the sale execution and metrics is all cool. Oil price helps too, they get to keep the fund flow even after all those sales. My recent buy is BXE.TO, cheap multiple (~4x) with 20% growth with solid balance sheet. Have a look.

LTS.. what a nice run.. for those that decided to go all in to CDN O&G at the beginning of the year.. congrats... I should have followed!

Why is it so hard to believe? LTS up 60% in few months too. Same assets. Having said that, I am skeptical too but there are other things in there that makes it a good one to own.

PWE's Duvernay sale was supposed to close end of May, but it is still now ongoing based on boe site. Not sure if the bid is not good enough or we have a bidding war going on. Both LTS and SGL have additional blocks on. http://boereport.com/oil-and-gas-property-sales-canada/

Sold more LTS.TO to add to ALS and FTP. Was a nice run. SGL.TO has been so dead.

I see. I saw big block of ask at 1.85 near the close, not sure why. I do have some leap on PWE. I hold common in my RRSP (Canadian thing) for the dividend.

Myth - where do you see SGL's result? Not able to find it yet. bizaro86 - cool news (other than ppl lost their jobs) - I still remember all those insider buy at 11+, I sold some but will sit on the rest for the turnaround.

Lovely, I sold some LTS today to buy more ALS and SGL. Hope SGL do well as well (we should know tonight). Re: PWE layoff - where do you hear from? Are they selling something big?

Nice timing, didn't expect it to price this low.

Sold some PWE and LTS to fund some biotech craps. In and out on RMP.TO and BXE.to. PWE/LTS did well but certainly lagging behind many other O&Gs in Canada, they need to do bigger deals faster. LTS will be a double if they fix their balance sheet quick. I kept a token position on SD just to see how it goes. Like CHK and ECA better. I actually got some SGL.TO today.

Canadian O&Gs have had some nice run. Are you guys holding on or taking profit? Still not expensive for sure but WTI seems weak.

Say the Ukraine situation get worsen, what will happen to the price of oil, copper, gold, zinc, etc?? And stock price of their producers?

Seems to be money is actually flowing from high beta stocks to dividend and boring companies. Btw, holding cash seems far away from risk free to me, especially, for us live in Canada.

wow, what happened to argent? was like 5 bucks not long ago

Lightstream Announces Operational Update and $141 Million Asset Disposition http://finance.yahoo.com/news/lightstream-announces-operational-141-million-233500968.html Wish someone just pay 10x flow for this company.

Cardboard/Myth - are you guys in Spyglass? They look cheap and safer with gas upside. Any reason this one does not move along with other Canadian O&G?

Biotech. If you have it, get rid of it. I am buying some names.

Not sure if anything still follow LTS, Wright said in one of the call that the asset sale market is back. (I recall he is saying it's like day and night or something). And they manage to sell some 66% gas asset at 11x cash flow. If they can trade 11x FFO, LTS will be $20+. But the market hates it because its reserves was down 3% and FD cost jumps to $50 because of some so called one time mistakes. Stock gets no love.