OXY Looking To Sell Assets In The Bakken?

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Ten companies announced dividend increases including Kinder Morgan, Kinder Morgan Energy, and, El Paso Pipeline Partners.


OXY announces initial phase of strategic review:

• to sell assets in the Middle East/North Africa; 
• to pursue strategic alternatives for select midcontinent assetts, including oil and gas interests in the Williston Basin, Hugoton Field, Piceance Basin and other Rocky Mountain assets; and,
• to sell a portion of its interests in Plains All-American

Four oil service companies (OIH +2%) ripping to multi year highs following strong reports from SLB, BHI (OIH) 50.18 +0.98 : BHI +9%, SLB +3%, HAL +1%, WFT +1%.

Schlumberger beats by $0.05, reports revs in-line : Reports Q3 (Sep) earnings of $1.29 per share, excluding non-recurring items, $0.05 better than the Capital IQ Consensus Estimate of $1.24; revenues rose 10.6% year/year to $11.61 bln vs the $11.58 bln consensus. Co recorded net credits of $0.51 per share in the second quarter of 2013 and charges of $0.02 per share in the third quarter of 2012. Trades at new high; jumps more than 2%.

Baker Hughes beats by $0.03, reports revs in-line : Reports Q3 (Sep) earnings of $0.81 per share, excluding non-recurring items, $0.03 better than the Capital IQ Consensus Estimate of $0.78; revenues rose 8.1% year/year to $5.79 bln vs the $5.78 bln consensus. Trades at new high; jumps almost 8%.  

Some have said the recent success of SLB and BHI can be directly attributed to "the Bakken."

Crazy, crazy market -- completely unpredictable: both the equity futures and crude oil are up in pre-market opening futures.