- Earnings are set to explode. The company made 64 cents in FY2011, and analysts project $1.64 a share in earnings for FY2012 and $2.69 in FY2013.
- The reversal of the Seaway pipeline at Cushing will have positive impacts for Bakken producers when it takes effect in May. Bakken producers have generally been getting $10 a barrel less than the Cushing price because of the current glut of oil in the middle of the country.
[Thank you to all who wrote in to alert me to an error in the subject line. Thank you. I only posted one of several comments that pointed this out.]
Total Rigs: 212
ReplyDeleteI saw that; the record is 213.
DeleteI think your title is wrong...
ReplyDeleteYou are correct; I mistyped. It's been corrected. And that was huge error. Smile. I probably would have caught it later today when reviewing what I posted (maybe, maybe not) but only after hundreds of others would have seen it. Wow.
Delete