DESCRIPTION: Energy XXI's core properties are offshore and onshore the Louisiana Gulf Coast with 56 producing fields. Offshore properties are primarily comprised of large legacy oil fields where activity focuses on exploitation, while onshore properties are primarily natural-gas focused. The company's 274 gross wells produced an average of 19,300 BOE/d in 2009. As of fiscal year-end June 30, 2009, total proved reserves were 53.1 million BOE with 58% in oil. The company is pursuing high-impact exploration that could add materially to the reserves profile.
Oil & Gas 360 features CEO John Schiller at Enercom's Oil and Gas Conference (8/23/10)
The information provided below is based on the most recent information we have received from analysts, newsletters and other contributors to Streetwise Reports' The Gold Report or The Energy Report. We encourage you to visit the company's web site and call the company for more specifics on this company before you decide to invest.
"EXXI options saw interesting call activity today. A total of 220 put and 1,920 call contracts were traded raising a low Put/Call volume alert. Today's traded Put/Call ratio is 0.11. There were 8.73 calls traded for each put contract.
Shares of Energy XXI edged up $0.81 (+4.05%) to $20.80. The stock closed at $19.99 in the previous trading session and opened today at $20.39. The price of the stock ranged between a low of $20.05 and $20.89, respectively. The trading volume of 525,311 is below the 90-day average volume of 735,605 shares. EXXI is trading above the 50-day moving average. The stock's 52-week low is $3.65 and 52-week high is $22.69."
Chip Brian, SmarTrend (08/25/10)
"Below are the top-five companies in the oil & gas exploration & production industry as measured by relative performance. This analysis was compiled based on yesterday's trading activity as we search for stocks that have the potential to outperform.
McMoRan Exploration ranks first with a gain of 10.51%; Energy XXI ranks second with a gain of 6%; and PetroQuest Energy ranks third with a gain of 1.88%. Berry Petroleum follows with a gain of 1.32% and Goodrich Petroleum rounds out the top five with a gain of 1.15%."
Chip Brian, SmarTrend (08/16/10)
"Shares of Energy XXI are trading up 4.1% to $16.92 today on above average volume. Approximately 427,000 shares have traded hands today vs. average 30-day volume of 409,000 shares. Spikes in volume can validate a breakout or signify a potential turning point. SmarTrend is bullish on shares of Energy XXI and our subscribers were alerted to buy on June 11, 2010 at $16.29. The stock has risen 3.9% since the alert was issued."
Leo Goldman, Market Intellisearch (08/16/10)
"Shares of Energy XXI settled at $17.18 up $0.93 (+5.72%) in today's trading session. On the volume front, trading was lighter than usual and the price of EXXI shares crossed above the 50-day moving average of $16.49. The relationship between the stock's price and its MA is key to determining the trend. Today's trading activity is a sign that the shares of EXXI may continue to head higher in the near future as long as the MA continues to rise.
Based on the pivot points, the current support and resistance levels for Energy XXI are $16.36 and $17.6, respectively. If the resistance point price is broken in an upward movement, then the bullish trend is likely to continue."
Stephen Berman, Pritchard Capital Partners LLC
(08/10/10)
"June quarter production of 25.3 MBoe/d is ahead of our 23.5 MBoe/d estimate. EBITDA/Revenue are $79MM/$139MM vs. our $82mm/$132.3MM. The company will release final results on Sept. 7. Proved reserves of 75.6 MMBoe (63% oil, 70% developed) compare to 76.1 MMBoe of pro-forma reserve for the December 09 MITSY ($278.40-NR) acquisition and are in line with our estimate. PV-10 value is $1.85 billion. Estimated probable reserves are 16.5 MMBoe and possible reserves 12 MMBoe. In addition, Netherland, Sewell estimated the Davy Jones discovery contains 841 MMBoe gross/104 MMBoe net of contingent resource. Additional data or a flow test of the well may be required before the contingent resources can be moved to the proved, probable or possible reserves, and future drilling activity could add significantly to the discovery's size. . .We continue to like EXXI for its consistent cash generation, solid base of shallow water, oil-focused core assets and upside from the ultra-deep (also shallow water)."
Oil & Gas 360 features CEO John Schiller at Enercom's Oil and Gas Conference (8/23/10)
PRINT THIS PAGE
EMAIL THIS PAGE
