The first company mentioned? Drum roll..... KOG.
KOG's likelihood to both exceed expectations and trade higher after earnings are announced. Fellow SA writer Michael Filloon, who covers the industry very well, recently wrote an article regarding the success of Bakken oil producers. I think that KOG will continue the trend of success for companies in this region and will trade higher after it announces earnings on Feb 28.Along with Autozone, Jazz Pharm, Spectrum Pharm, and HollyFrontier.
Interesting.
*******************
The average analyst estimate is for profit of 25 cents per share, a rise of 92.3% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 24 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 25 cents during the last month. Analysts are projecting profit to rise by 112.9% compared to last year’s 66 cents.
*******************
Jim Cramer's 10 earnings to watch this week: the list includes EOG.
"We have 30 billion barrels of new oil discoveries,” said Tim Leach, chairman and CEO of Midland-based Concho Resources. “It can be hard to get your mind around that.
ReplyDeleteRead more: Oil production making comeback - Mywesttexas.com: Top Stories http://www.mywesttexas.com/top_stories/article_eedababa-60f5-11e1-a5dd-001871e3ce6c.html#ixzz1nYWEz9pO
Under Creative Commons License: Attribution
anon 1
This story is about the "new" boom in Texas where old oil fields are giving up another 30 billion bbls of oil through hydraulic technology developed in the Bakken. Senator Chuck Schumer, now begging the Saudis to increase production, should, perhaps, visit Texas, and then get out of the way.
Delete