Wednesday, November 6, 2013

For Investors Only -- Abraxas, Chesapeake, CLR, Oasis Report Today

Disclaimer: this is not an investment site. Do not make any investment decisions based on what you read here or what you think you may have read here.

Abraxas reports before market opens. Others reporting today: Arsenal Energy, CalFrac Well Services, Chesapeake, CLR (after market close), Devon Energy, Enbridge (before market opens), Oasis (after market close), Rosetta Resources (ROSE), Tesoro, Transocean, and possibly others I missed.

The market likes what Abraxas reported: up almost 8% in pre-market trading; earnings 3 cents/share; excluding certain items, as much as 9 cents/share.

The market likes what Chesapeake reported: up over 3% in pre-market trading; earnings of 24 cents/share; excluding special items, as much as 43 cents/share. At $28/share, trading near its 52-week high of $29. [Update: at market close, CHK had fallen back almost 7% based on guidance.]

EEP: reported third-quarter 2013 adjusted earnings of 9 cents per unit, lagging the Zacks Consensus Estimate of 26 cents. The quarterly figure was also lower than the year-earlier profit of 29 cents.

ENB: earnings increased 12% to $1.33 for nine months; remains at 34 cents for the quarter. In addition to all the fossil fuel stuff, Enbridge secured a 50% interest in the 80-megawatt Saint Robert Bellarmin Wind Project, with an approximate investment of $0.1 billion. At close, ENB up almost 2.5%.

CLR:

OAS: profit nearly triples; Oasis Petroleum Inc, which drills for oil in North Dakota's Bakken shale field, said on Wednesday its third-quarter profit nearly tripled on a jump in production.
The company posted net income of $54.5 million, or 59 cents per share, compared with $18.3 million, or 20 cents per share, in the year-ago period.
Revenue rose 65 percent to $305.49 million.
Production rose 10 percent to 33,064 barrels of oil equivalent per day (boe/d).

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