BEXP - Sector: Energy - Industry: Oil & Gas Operations

[spexculito]

BEXP REPORTED ITS STRONGEST QUARTER IN COMPANY HISTORY (EXCEEDING REVENUE AND NET INCOME ESTIMATES) AH YESTERDAY.

THERE ARE ONLY 9M SHARES ON THE FLOAT.....4M OF THOSE ARE SHORT.

THE CC WILL BE HELD TODAY @ 10:00 AM ET

EARNINGS SUMMARY:

- BEXP Reported $36.6M 2Q revenues foe 2Q 2007 beating analysts' estimates of $31M ($28.34 - $34.4M range)

- Without a one-time $6.5M ($4.1M after-tax)non-cash impairment charge  on oil and gas properties BEXP generated net income of 12c/share......This is 50% higher than analysts' expectations of 8c/share.

- BEXP increased cash and cash equivalents by $5.1M

The guidance for the Upcoming 3Q is strong as well.....per the ER:

..." We currently expect our third quarter 2007 production volumes to average between 42.0 MMcfe per day and 45.0 MMcfe per day"

This is significantly higher than the $36.1MMcfe reported for 3Q 2006.

Also during 3Q 2006, natural gas prices dipped to a low of $4/MBTU. Analysts don't expect that to happen this year because weather experts expect at least 5 intense hurricanes in the August - November time frame. Although there is no current activity is the Atlantic that can change very quickly according to the Hurricane center located in Florida.

Even if one hurricane were to head towards the Texas/Louisiana cost, Experts believe that natural gas could reach double digits very quickly.

MANAGEMENT COMMENTS

Gene Shepherd, Brigham's Chief Financial Officer commented, "In the second quarter, we saw a continuation of the production ramp we experienced in the first quarter 2007, with our second quarter volumes up 12% sequentially and up 27% over prior year volumes. Furthermore, our second quarter volumes exceeded the high end of our updated production guidance range of 46 MMcfe per day that we had issued in late June.

Exclusive of the non-cash ceiling test impairment charge, this production ramp combined with our ability to control our costs contributed to one of the strongest quarters financially that the company has experienced."


Earnings link:

http://biz.yahoo.com/prnews/070806/lam044.html?.v=100


FACT: OIL and GAS PRICES WILL CONTINUE TO GO UP TO RECORD LEVELS

U.S. crude supplies are near their highest level in nine years yet crude-oil prices have climbed into uncharted territory and may be headed for $80 a barrel.

Natural gas prices could be headed to double digit levels despite also high inventory levels.

An oil and gas expert commented on August 3, 2007 that "Even with a bit of a supply glut at present, we're one or two major supply shocks away from seeing triple digits in oil and double digits in natural gas......and that's a scary thought because there just isn't any substitute to oil and gas in the global economy."

..."And while investment and drilling activity has been strong, many projects have been delayed due to high costs for labor and material as well as equipment shortages."

..."The delays, along with stronger-than-anticipated oil and gas demand, have cut the market's excess production capacity significantly compared to a year ago."

Another analyst added:..."More than any other reason, the oil and gas market is trading inversely to the record supply figures ... because the rationale is beginning to sink in that the easy, cheap oil and gas has been found and tapped out,"

[setravis]

Your post has been edited.

Refer to this post.......

http://www.3stocksonfire.org/trading/index.php?topic=7606.75

Part of the post below.......

spexculito, Heads up...First, read the rules of the Boards.
Use the Search to find a thread before creating new ones.
The thread you started has been merged here with the existing one.
And please stop using all the Caps you type in, it is as though you are trying to speak to loud 
Thank you, and good trading to you...

[spexculito]

keep an  eye on BEXP today. Earnings AH.....CC tomorrow morning. Any positive comments and the stock will fly. 4M shares short as of 7/10/2007 ...or 50% of the public float can provide the fuel for a massive explosion.

[spexculito]

BEXP BOUNCING FROM $4.5 BOTTOM..........

[spexculito]

BEXP reported strong earnings AH today beating revenue and net income estimates by a significant margin.

Without the one-time $6.5 million non-cash ceiling test impairment charge ($4.1 million after-tax) on oil and gas properties the net income is 12c/share......This is 50% higher than analysts' expectations.

BEXP exceeded revenue estimates by a mile....BEXP Reported $36.6M 2Q revenues.

Analysts estimate: $28.34 - $34.4M.

BEXP increased cash and cash equivalents by $5.1M

MANAGEMENT COMMENTS

Gene Shepherd, Brigham's Chief Financial Officer commented, "In the second quarter, we saw a continuation of the production ramp we experienced in the first quarter 2007, with our second quarter volumes up 12% sequentially and up 27% over prior year volumes. Furthermore, our second quarter volumes exceeded the high end of our updated production guidance range of 46 MMcfe per day that we had issued in late June.

Exclusive of the non-cash ceiling test impairment charge, this production ramp combined with our ability to control our costs contributed to one of the strongest quarters financially that the company has experienced."

[spexculito]

I EXPECT UPGRADES IN DAYS TO COME. YESTERDAY RESULTS ARE A LOT STRONGER THAT 1Q 2007 WHEN BEXP WAS TRADING AT $6.5+

[BigSully1]

update

[bjc]

This one looks pretty good after today.  She can move fast...

[setravis]

updated chart look...

[setravis]

updated chart look...

[setravis]

updated chart look...
Did you keep track of this one?

[setravis]

updated chart look...

[setravis]

BEXP U.S. Energy Corp. Announces 2011 Oil and Gas Capital Expendi... 

RIVERTON, Wyo., Feb 1, 2011 (GlobeNewswire via COMTEX) -- U.S. Energy Corp. (USEG, Trade ) ("USE" or the "Company"), a natural resources exploration and development company with interests in oil and gas, molybdenum, geothermal, and real estate assets, today announced its oil and gas capital expenditure budget for 2011.

U.S. Energy expects to spud approximately 40 gross and 13 net wells with capital expenditures of approximately $45.7 million in its 2011 oil and gas drilling program. The Company has allocated an estimated $33.2 million to be spent in the Williston Basin of North Dakota in its participated Rough Rider and Yellowstone/SEHR programs with Brigham Exploration and Zavanna LLC, respectively. The remaining $12.5 million in Capex is budgeted to be spent on exploration initiatives in the San Joaquin Basin of California, in Texas and Louisiana (primarily Gulf Coast onshore), and our recently announced Colorado drilling program which the Company will operate. Amounts budgeted for each regional drilling program are contingent upon timing, well costs and success. If our non-Bakken drilling initiatives in California and Colorado are not initially successful, funds allocated for those drilling programs will be allocated to other drilling initiatives in due course. The actual number of gross and net wells could vary in each of these cases.

U.S. Energy Corp. presently expects to fund its budget from cash on hand, cash flow from operations, borrowings under its secured revolving credit facility and the possible sale of its apartment complex in Gillette, Wyoming.

"Management's focus on value driven oil and gas investments during 2010 has paved the way for continued growth opportunities for the Company with a geographically diverse portfolio of oil weighted prospects in varying stages of exploration and development," said Keith Larsen, CEO of U.S. Energy Corp. "We look forward to an exciting year ahead and expect to add meaningfully to our reserves as we continue to expand our drilling programs," he added.

The U.S. Energy Corp. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5043


            Disclosure Regarding Forward-Looking Statements





This news release includes statements which constitute "forward-looking" statements, because they contain the words "estimate," "expect" and similar words, all related to the oil and gas expenditure budget for 2011. Forward looking statements in this release relate to the number and costs of wells expected to be drilled in 2011; the number of gross and net wells expected to be drilled; the allocation of the budget amount among the identified areas and programs; and the expectation of adding meaningfully to revenues, reserves and cash flow.

Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, future trends in commodity and/or mineral prices, the availability of capital, competitive factors, and other risks described in the Company's filings with the SEC (including, without limitation, the Form 10-K for the year ended December 31, 2009 and the Form 10-Q filed November 8, 2010). By making these forward-looking statements, the Company undertakes no obligation to update these statements for revision or changes after the date of this release.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: U.S. Energy Corp.


CONTACT: Reggie Larsen
Director of Investor Relations
U.S. Energy Corp.
1-800-776-9271
[email protected]

[setravis]

New High today...52 Week

Brigham Exploration Company (NASDAQ:BEXP) will hold its conference call to discuss operational and financial results for the fourth quarter 2010 on Friday, February 25, 2011 at 11:00 AM ET (10:00 AM CT).

Day's Range: 32.20 - 34.18
52wk Range: 13.45 - 34.18
Volume: 2,700,408
Avg Vol (3m): 2,230,570
Market Cap: 3.96B
P/E (ttm): 115.56
EPS (ttm): 0.29
Div & Yield: N/A (N/A)

Technicals
Record Price High
Percentage Gainer

Last Price Quote is:
8.09%above 13-day EMA
18.56%above 50-day EMA
RS Rating: 92 

[setravis]

Earnings Short-Squeeze Stocks...
Buying the right stocks that are heavily shorted into their earnings reports continues to be a profitable venture this earnings season. Last week, two of three earnings plays I highlighted produced some big gains for the bulls. Both Aruba Networks(ARUN) and SunPower(SPWRA) traded significantly higher and experienced notable short squeezes following their earnings reports. Both companies delivered what the bulls were looking for, rewarding any trader who took a long position in these names prior to their reports.

Before we take a look at some potential earnings short squeeze trades, let's go over the basics. A short squeeze is a rapid increase in the price of a stock that occurs when there is a lack of supply and an excess of demand for the stock. Short squeezes happen when bears who've sold the stock short are forced to cover their position on a stock as it rises. Short-sellers will cover their positions to avoid losses further losses.

Here's a look at a number of stocks that could experience big short squeezes when they report earnings.

FSLR
IDCC

One more stock that could be setting up for a large earnings short squeeze is Brigham Exploration(BEXP), which is due to report earnings on Thursday after the market close. This company is an independent exploration, development and production firm that utilizes advanced exploration, drilling and completion technologies to systematically explore for, develop and produce domestic onshore oil and natural gas reserves. The stock is off to a solid start in 2011 with shares up around 20%. Wall Street analysts are looking for revenue to come in between $56.51 million to $71.50 million and for earnings per share to be in a range of 10 cents to 27 cents.

My thesis for loving this energy play into its earnings report is pretty simple: We're in a perfect storm for energy companies leveraged to oil prices due to the unrest in the Middle East. What makes Brigham Exploration so attractive is that they focus primarily on domestic exploration, so theoretically it shouldn't be seeing any slowdown in business due to the political uprising sweeping across the Middle East. In fact, its domestic focus should be increasing demand for their services and expertise.
This stock is far from cheap with shares trading at around 30 times forward earnings. However, that premium is mostly due to its lack of overseas exposure and due to the tremendous upside of the booming fields in the Williston Basin, where it has significant drilling interests. The company has already announced that it plans to raise its fourth-quarter production to take advantage of strong drilling demand in the Williston basin which is located in North Dakota and Montana. This could mean that the current quarter is going to be a very strong one.

As of Jan. 31, the current short interest as a percentage of the float for BEXP is a notable 8.3%. That means that out of the 113.72 million shares in the tradable float around 9.43 million shares are currently sold short by the bears.
From a technical standpoint, BEXP is in a very strong uptrend with shares just a few points off its 52-week high of $34 a share. Also, the stock recently broke out above some past overhead resistance at around $31 a share. This bodes well technically for the stock to continue to advance higher and possibly see a large short squeeze if the company can report some bullish earnings numbers. As long as the stock can stay above some past overhead resistance at $28 to $29 a share, which has now turned into a support level, then the stock has a high probability of a short squeeze.

Brigham Exploration was one of the 10 top-performing commodity stocks of 2010.