Forbes: only 1% of the Bakken play breaks even at current oil prices. For the archives.
Dickinson Press: US oil refiners look abroad for crude oil supplies as North Dakota boom fades. This is a Reuters story. For the archives.
- Loss per car sold at record high: $19,810
- Negative cash flow worsened to $51,344 per car sold
- Reduction in 4Q guidance by 1,500 cars, or 3%, combined with slight 1% reduction in customer deposits
- Management guided gross margins down for 4Q, “slightly”
- Thanks to much-lowered stock sentiment over the last month, the immediate stock reaction was still positive
Reporting Wednesday, November 4, 2015
Abraxas (AXAS), forecast, a loss of 2 cents; AP report; misses by one cent; a 3-cent loss;
Chesapeake (CHK), forecast, a loss of 13 cents; Zacks; 5-cent loss, which is much better than the forecast 13-cent loss.
Continental Resources (CLR), forecast, a lost of 12 cents; AP story; in line, lost 12 cents;
ETP, after market close;
Facebook (FB), forecast, 27 cents; WSJ story; 11% increase in third-quarter earnings; huge beat; 32 cents; shares up;
Marathon Oil (MRO), forecast, a loss of 40 cents; AP story here; appears to be a huge beat; loss at 20 cents vs 40 cents forecast;
Sandridge (SD), press release; 7-cent loss; to acquire North Park Bsin Niobrara shale oil assets for $190 million; acquies Pinon Gathering System - eliminates $40 million of annual expenses
Transocean (RIG), forecast, 68 cents; press release; beats by 21 cents; 87 cents EPS;