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WPX reports: Yahoo! In-Play: WPX Energy misses by $0.11, misses on revs: Reports Q4 (Dec) loss of $0.20 per share, excluding non-recurring items, $0.11 worse than the Capital IQ Consensus Estimate of ($0.09); revenues fell 8.0% year/year to $572 mln vs the $634.69 mln consensus. Press release here.
Halcon reports: Yahoo! In-Play: Halcon Resources reports EPS in-line, beats on revs : Reports Q4 (Dec) earnings of $0.02 per share, excluding non-recurring items, in-line with the Capital IQ Consensus Estimate consensus of $0.02; revenues rose 387.1% year/year to $124.7 mln vs the $114.09 mln consensus.
Wells coming off the confidential list have been posted (only two, and one was put on DRL status).
RBN Energy talks about the natural gas situation, the pipelines, Canada and the US in the northeast.
Section D (Personal Journal):
Section C (Money & Investing):
- Gasoline falls as supply worries ease
- Chevron's Australian shale-gas option; Heard On The Street; very interesting
- JC Penney's losses snowball
- Groupon lands with a thud
- FDA will go to 4-flu vaccine cocktail next year, from current trivalent vaccine
- Boeing, battery supplier at odds over fixes; subscription may be required
- Shell puts off drilling in Alaska's Arctic; reported elsewhere but not previously linked
- Isn't this interesting? Turnabout is fair play? Argentina's YPF inherits New Jersey River mess; New Jersey wants Argentina-run oil company to pay for cleanup of dioxin dumped in Passaic River decades ago; doesn't statute of limitations ever run out?
- The sequester: identical to "going over the fiscal cliff"; go over the "sequester cliff" and then, get serious: both sides bet they'll have a stronger hand after deadline expires; this should catch one's attention: "The first face-to-face meeting on the issue between President Barack Obama and congressional leaders won't happen until Friday—the deadline for Mr. Obama to set in motion $85 billion in broad spending cuts." Question: why couldn't the president simply ignore the law on this one; plenty of other laws of much more importance have been ignored; I wonder what FDR or Reagan would have done?
- Gas boom projected to grow for decades. More discussion here.
- Quietly, SecTreasury confirmed; no links; story everywhere.
- State gun laws being passed faster than ever; no links; stories everywhere.