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).
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.