Energy XXI Ltd.

  • Here Is Why I Don't Put This Offshore Player on My Buy List

    By Nathan Kirykos - June 17, 2013 | Tickers: EPL, EXXI, SGY, WTI

    One of the main energy producers in the U.S. Gulf of Mexico (GOM) is EPL Oil & Gas (NYSE: EPL). EPL's operations are concentrated in the untapped reservoirs of the GOM shelf, focusing on the waters of offshore Louisiana. The stock has almost doubled over the last twelve months, making any prudent investor wonder whether there is any upside left or the stock has run its course. To answer more »

  • Dow's Over 15,000...What Do You Do?

    By Michael Mandala - May 30, 2013 | Tickers: AEGR, BF-A, EXXI, MSFT

    If there’s any time to be wary of the U.S. equity markets, now presents no better time. It was just a few short years ago the Dow Jones Industrial Average crossed over the 14,000 mark and most investors continued to dump money into long positions. Day after day, CNBC’s scrolling headlines highlighted the day’s advances with special notices saying, “Dow is so many points from more »

  • Shall I Bet The Farm On This Offshore Energy Play?

    By Nathan Kirykos - May 6, 2013 | Tickers: APA, EXXI, SGY, WTI

    One of the largest oil producers in the Gulf of Mexico (GOM) is Energy XXI (NASDAQ: EXXI), which operates, or has an interest in, some of the largest oil fields there. However, the company's stock has dropped substantially lately. After this ugly performance, is now the time to get greedy? To answer this, let's check out the company's strengths, weaknesses, opportunities and threats. 

    Strengths 

    Energy XXI has more »

  • Is This Deepwater Energy Stock Deeply Undervalued?

    By Nathan Kirykos - March 11, 2013 | Tickers: APA, EXXI, NFX, SGY, WTI

    W&T Offshore (NYSE: WTI) is an energy producer with operations primarily in the Gulf of Mexico -- GOM for short. With the stock currently trading around $15.50, is now the time to get greedy? To answer this, let's check out the company's strengths, weaknesses, opportunities and threats. 
     
    Strengths 
     
    Diverse reserves: The company's reserves are allocated to three different areas covering onshore Texas, the deepwater GOM and more »
  • This Gulf Oil Producer is Suffering Growing Pains

    By Peter Horn - March 7, 2013 | Tickers: EXXI, XOM, MMR

    Energy XXI (NASDAQ: EXXI) is a Gulf of Mexico shelf oil & gas producer with an acquire-and-exploit business model that’s had a run of big acquisitions in its short lifetime. Management’s built a quality, oil-rich set of assets off-shore Louisiana through a series of purchases. The latest acquisition from ExxonMobil (NYSE: XOM) has been a game changer, while also providing some challenges for the young E&P. Energy XXI more »

  • Is It Time To Get This Gulf Oil Producer Off the Shelf?

    By Peter Horn - March 5, 2013 | Tickers: EXXI, SGY, WTI | Editor's Choice

    Energy XXI (NASDAQ: EXXI) has an impressive growth record, built around the acquisition of some large legacy oil fields in the Gulf of Mexico. Its rapid ascendance was helped in part by its relatively small size, an advantage that’s gradually eroded with that very same growth. It’s caught its peer group. Growth from here will require a more diversified strategy, and what that long term strategy is remains more »

  • Stone Energy: This Stone Can Ignore Gravity

    By Nathan Kirykos - February 12, 2013 | Tickers: EPL, EXXI, NFX, SGY

    Is Stone Energy (NYSE: SGY) a sleeping stock that could fly higher, the way its neighboring McMoRan Exploration flew when it was acquired by Freeport-McMoRan few weeks ago? Although I can't know if Stone is an acquisition target, I know that it is very undervalued currently, and now is the time to get greedy.

    Strengths 

    Production Growth: Although the production for 2013 is expected to remain relatively flat, with more »
  • Billionaire Steve Cohen’s SAC Owns Over 5% of This Energy Company

    By Meena Krishnamsetty - February 4, 2013 | Tickers: DNR, EXXI, KOG, NFX, SD

    Billionaire Steve Cohen’s SAC Capital Advisors has reported a position of 4.1 million shares in Energy XXI Limited (NASDAQ: EXXI), a $2.5 billion market cap oil and gas exploration and production company. This stake gives SAV ownership of 5.1% of the company’s outstanding shares, and is up from 1.1 million shares at the end of September (see more stock picks from Cohen and SAC more »

  • Billionaire Leon Cooperman’s Cheap Stock Picks

    By Meena Krishnamsetty - December 18, 2012 | Tickers: AIG, EXXI, HAL, SLM, UNH

    Billionaire Leon Cooperman headed Goldman Sachs Asset Management before founding Omega Advisors in 1991. The fund’s recent 13F disclosed many of its long equity positions as of the end of September (see the full list of stocks reported in the filing). We have gone though the 13F looking for stocks which were not only in the portfolio but also satisfy traditional value criteria; investors may be interested in more more »

  • One Wild Ride in the Ultradeep

    By Peter Horn - December 7, 2012 | Tickers: EXXI, FCX, MMR, PXP

    McMoRan Exploration (NYSE: MMR) played its cards on Wednesday and shorts got shredded. Shares had been struggling as McMoRan fought a troublesome well and speculation grew that it would fail to produce. But because of its bloodlines, McMoRan had an ace in the hole: CEO Jim Bob Moffett.

    In the end, it was not only his reputation, but also his position as Chairman of the Board of Freeport-McMoRan (NYSE: FCXmore »)

  • This Gulf Driller is Shifting Gear

    By Peter Horn - November 16, 2012 | Tickers: EXXI, XOM, MMR

    Energy XXI (NASDAQ: EXXI) is an independent Gulf of Mexico oil producer heavily weighted toward oil. Historically, it’s been an "acquire-and- exploit" operation dedicated to wringing every last drop from legacy GOM oil fields. That discipline has served them well. Yet, CEO John Schiller seems ready to break with the past and embark in a new direction. How investors will react to that change will be interesting.

    Not long more »

  • Will This Gulf Oil Producer Deliver Good News?

    By Peter Horn - November 5, 2012 | Tickers: EXXI, XOM, MMR

    Energy XXI (NASDAQ: EXXI), a small Gulf of Mexico shelf oil and gas producer, reports earnings Nov. 7. Right now, it has a lot on its plate.  With the potential for two new wells coming online and a recent production shortfall due to Hurricane Isaac in the recent past, this operational update should be closely watched.  And looming in the background is the much awaited flow test on Davy Jones more »

  • Is This Exxon’s New BFF?

    By Peter Horn - October 8, 2012 | Tickers: EXXI, XOM, MMR

    The market is trying to figure out a direction for shares of Energy XXI (NASDAQ: EXXI) after a downgrade from Buy to Neutral by Global Hunter Securities on Tuesday.  The downgrade comes just a day after news of a new transaction with ExxonMobil (NYSE: XOM).  Back in late 2010, CEO John Schiller bet the farm on a $1B acquisition of ExxonMobil’s offshore-Louisiana Gulf of Mexico production assets.  The acquisition more »

  • The Allure of the Deep: A Big Bet on Gulf Oil

    By Peter Horn - September 21, 2012 | Tickers: BP, DVN, EXXI, PXP, SGY

    By now, most everyone is aware of British Petroleum’s (NYSE: BP) sale of a portion of its Gulf of Mexico Deepwater assets to Plains Exploration and Production (NYSE: PXP).  Not long ago, Gulf properties were looking less than exclusive.  The Deepwater Horizon accident and the resulting moratorium led some companies to shy away from the Gulf as activity slowed down.  Plains itself was one that walked away, selling its more »

  • Is This Energy Company Back on the Prowl?

    By Peter Horn - September 16, 2012 | Tickers: CVX, EXXI, MMR

    Energy XXI (NASDAQ: EXXI) is a busy little independent oil and gas E&P living well off Gulf of Mexico (GOM) shelf assets that others dismissed as table scraps.  Some readers may be familiar with EXXI as a minority partner in the shelf Ultradeep natural gas play operated by McMoRan (NYSE: MMR).  More recently, the two were joined by Chevron (NYSE: CVX) in a new Ultradeep project On-Shore Louisiana.  Chevron more »

  • Exxon’s Trash is a Dog’s Breakfast for Energy XXI

    By Peter Horn - May 8, 2012 | Tickers: CVX, EXXI, XOM, MMR

    While the Exxon Mobil (NYSE: XOM) assets that Energy XXI (NASDAQ: EXXI) recently purchased were far from trash, they were legacy Gulf of Mexico shelf assets that Exxon no longer considered worthwhile for capital expenditures.  Exxon did the logical thing and shopped the market for buyers.  EXXI saw an opportunity to transition beyond its acquire and exploit strategy, and ponied up $1.01B to make that transaction.  The properties, with more »