Lonestar Res Ltd New LNREF

Conference call...

[jerrybe]

Worth listening! I did and was well pleased by what I heard. Be it from the main presentation or from the Q&A.

Cash margins are basically the same as for the first half of the year despite much lower realized prices. Hedges helped, but operational efficiencies are kicking in big time.

Similarly to CPE in the Permian, these guys run a tight ship. Surprised to see such a mild reaction on the Australian exchange. Hopefully, US investors will reward shareholders with higher prices tomorrow. Definitely worth adding at these levels.

GLTA!

[Deadcow]

I missed the conference call and want to hear it !! its not on their website either. Would you happen to have a link to the call? great numbers BTW !! Cheers Deadcow

[MDICKIRS]

Yes it was a great conf call. I really liked the question about slide 6 that Anadarko is drilling 4 wells right adjacent to our acreage by Carter Lake.  The slides really speak for themselves. Agree the Aussies are asleep but it is really hard for any oiler currently to get any love. Anything associated with oil is buried deep in the doghouse with really no let up in sight. Sentiment will

[jerrybe]

Definitely. I thought it was Apache drilling next to them...but regardless, it was beautiful. Yes, they sank in $150M in drilling just next to them and got their money back already...this place is hot! And if that is the case, I imagine EOG, and ECA will have some amazing drilling results given their expertise and better land acreage. As you said, absolutely no love for any of those stocks. I

[MDICKIRS]

I think you are correct on Apache. I wrote it down at home and only remembered it started with an A. Did not bring my notes into the office. Agree Jerrybe, we will make money just need to ride out the dip in oil. It will be back just like NG came back from the $1.90 level.   

[jerrybe]

After a very reassuring conference call and quarterly report, I am shocked to see the stock fall by another 20%!!! This fall of grace is quite incredible. I am not quite sure what investors saw that scared them. I was much more reassured of holding strong to my holdings after the report. Ride the storm, that's the only way forward. I would add if I could but I am all in at this point in time

[jerrybe]

This one keeps on sinking...it seems I am missing something. These guys are running a tight ship...obviously, they are currently navigating in shoppy seas, so as all the other small E&P operators. They remind me of Callon in the Permian with a very tight control on costs. Hedges helped them secure what I see as a very strong Q3. What please me the most was the recovery of all the production

[MDICKIRS]

We just have to be patient Jerry. This is the entire oil sector is in a bear market. No hedge fund wants to own anything oil related until the price of oil recovers somewhat then there will be a mad dash to get back in. I think we will get back to the .50 level in a year if oil recovers to the 90 to 95 level. 

[jerrybe]

You are probably right. I am just surprised to have seen a slump after the most recent results. I was concerned about the operations of the firm after Q2, and Q3 was very reassuring on that front. Instead we slump further. I agree with you, if oil climbs back up to $90 sustainably, this one will jump right with it. However, I think the low 80s might be here to stay for a while, in which case, it