Slight downward tick in oil rading in opening hour. At 2300 GMT, NYMEX crude dn 9 cts to $106.85, Brent $108.88, dn 7 cts.Spread: almost exactly $2.00. For all intents and purposes, parity.
More spinoff from the Bakken; The Minot Daily News is reporting:
Minot residents who are delighted to finally have a Gordmans in town can pat themselves on the back because they are a big reason the national retailer chose to come here.
The company held a grand opening ceremony Friday morning at its new store in Southgate Crossing. Jeff Gordman, president and CEO of Gordmans, said his company's mission is to delight its guests. It was Gordmans that was delighted, however, when Minot residents started writing in to request a store in the Magic City.
"This started several years ago, and apparently was started by one very passionate guest who got all of her friends to submit the same request, which was, 'We really want you in Minot' for a variety of different reasons," Gordman said. "And they all ended with, 'Why not Minot?' And I am so ecstatic that we listened to our guests and decided to locate in Minot."
Minot is the third Gordmans location in North Dakota, following Fargo and Grand Forks. Gordman said the company plans to open a fourth store in Bismarck next year.
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Market Action Last Week (I'm Finally Getting Caught Up)
Earnings Are Tracked Here
Earnings Are Tracked Here
Wow, Murphy Oil has been on a tear. Beat on earnings by 20 cents; missed on revenue; transcript.
A reminder: OTTR reports tomorrow, Monday, after market close.
A reminder: Oasis will report earnings Tuesday after market close. Oasis hit a new high Friday, and is on a tear. Investors must have liked KOG's earnings.
DNR, MRO: to report Tuesday, also.
CLR: will report on August 7, I believe.
NOG will report this week also, August 8, after market close.
CLNE -- ditto (after market close, August 8).
COP: hit a new high Friday; blows XOM And COP away on cash margin improvement -- SeekingAlpha.com
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