Actual earnings: $1.71/share. Earning call here (i assume this link will break over time.)
As in sweet crude.
As in Bakken sweet crude.
Reuters is reporting:
Whiting Petroleum Corp, which drills for oil and natural gas in North Dakota, Texas and other shale-rich states, said its quarterly profit more than doubled as production jumped 12 percent.
The company posted third-quarter net income of $204.1 million, or $1.71 per share, compared with $82.9 million, or 70 cents per share, in the year-ago period.
Excluding a non-cash $15.7 million loss on crude oil and natural gas derivatives and other one-time items, Whiting posted profit of $1.28 per share.
By that measure, analysts had forecast earnings of $1.09 per share, according to Thomson Reuters I/B/E/S.
Average quarterly production rose 12 percent over the same period last year to 92,750 barrels of oil equivalent per day (boe/d).The stock is up only 46% this year.
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Hey, on another note, here is a video of bringing in some Percheron horses east of Williston, just west of the Epping oil field. These are colts, I assume yearlings, being brought in for the winter: