How to Start Investing
The #1 Characteristic of a Great Investor
Want to invest in Agriculture? Moo!
How to Invest “Green” With ETFs
The #1 Buy and Hold Investor of All Time
The Secret to Buy and Hold Success
Got a Buy and Hold Story? Tell Tracey
Oil: “You Ain’t Seen Nothing Yet”
That is the quote from the CFO of small energy exploration company Cimarex (XEC) during their first quarter conference call earlier this month.
He was talking mainly about the profits the company is going to make in the second quarter and beyond, after reporting a record profit in the first quarter, based on $110 to $120 a barrel oil.
Prices averaged about $95 a barrel for the explorers in the first quarter.
Natural gas has also spiked sharply higher.
It’s Christmas in the springtime for the explorers.
Big Oil is being dragged up to Capitol Hill, again, to “explain” its record profits, all the while the small explorers are laughing all the way to the bank. Apache (APA) has made $1 billion in profit each of the last two quarters. That’s pure cash flow.
It will end sometime, of course, as crude oil prices pull back. But in the meantime, it’s nice to be Cimarex.
“You ain’t seen nothing yet.”
Indeed.
Leave a Reply
Clueless - Comments from the Chat Rooms
-
Not everyone is gloomy on ...
-
The Yahoo Message board for ...
-
Buy and hold DuPont (DD)? ...
-
Posters are talking ...
-
Pfizer (PFE) shares have been ...
Links
- 24/7 Wall Street
- Abnormal Returns
- Alpha Trends
- Brain Droppings
- Crib Chatter
- Crossing Wall Street
- Free Money Finance
- In the Money
- Millionaire Now
- Random Roger's Big Picture
- Seeking Alpha
- Sharebuilder
- The Big Picture
- The Housing Bubble Blog
- The Kirk Report
- The Simple Dollar
- Ticker Sense
- WSJ's MarketBeat
- Zacks Investments
Categories
- Bear market (2)
- Branding (16)
- Buffett (6)
- Buy and Hold (8)
- careers (21)
- Chicago housing (6)
- Chinese stocks (1)
- Collectibles (4)
- Comments from the Chit Chat room (31)
- commodities (50)
- Creative Class (2)
- Credit Crunch (39)
- DC housing (2)
- Debt (5)
- Federal Reserve (2)
- finance (24)
- Florida housing (1)
- Global Economy (14)
- gold (8)
- Guest Bloggers (2)
- hedge funds (1)
- housing (67)
- housing bubble (31)
- inflation (21)
- investing (96)
- Investing 101 (5)
- Investing Techniques (2)
- money (62)
- Press (1)
- Recession (7)
- San Francisco Housing (1)
- stocks (54)
- Tech stocks (4)
- Uncategorized (43)
- Water (3)
- Weak Dollar (1)
Archives
Disclaimer
Mom and Pop Investors LLC is an independent publisher. Mom and Pop Investors LLC is not a registered investment advisor. Please consult your investment professional before making any investment decision. Sources of information are deemed reliable but they are in no way guaranteed to be complete or without error. The Editor may have positions in and may from time to time buy or sell any security mentioned herein. Past results are no guarantee of future performance.