Reported an earnings beat in its Q4. Earnings of 4 cents per share on revenues of $5.25 billion topped the 3 cents per share and $5.2 billion, respectively. This marks Alcoa's first earnings beat in the last 3 quarters.But this was huge:
A bigger development for down the road, however, is Alcoa's decision to split into 2 separate companies: Alcoa, which will continue to deal in the raw materials side of the business; and an as-yet unnamed company that will take over the Aerospace and Automotive side. This business would include the $9 billion in airline contract orders announced by CEO Klaus Kleinfeld. The split is expected sometime in the second half of calendar 2016.Zacks says "4 cents is a beat" but in fact that's what was posted over the weekend: analysts forecast 4 cents. I would say Alcoa met expectations. Which is a whole better than missing. LOL.
Tomorrow, I will be interested in:
- CSX: after market close, analysts forecast a profit of 46 cents
****************************
Back To The Bakken
Active rigs:
| 1/11/2016 | 01/11/2015 | 01/11/2014 | 01/11/2013 | 01/11/2012 | |
|---|---|---|---|---|---|
| Active Rigs | 55 | 167 | 192 | 182 | 197 |
One well coming off the confidential list Tuesday:
- 29765, SI/NC, Hess, EN-L Cvancara-155-93-2627H-7, Robinson Lake, no production data,
- Operators: Petroshale (USA), BR
- Fields: Antelope (McKenzie), Blue Buttes (McKenzie)
- Comments: This is the first permit for Petroshale (USA) in North Dakota; Petroshale (USA) website; November, 2015, corporate presentation;
- CLR, 3, all three permits for Rollefstad Federal wells
- EOG, 2, both Mandaree permits
- Petro-Hunt, a State permit
- Hess, a BW-Hedstrom permit
- 29796, 1,723, BR, Kirkland 24-21MBH, Pershing, t12/15; cum --
No comments:
Post a Comment