For Investors Only: EOG, OAS, And OXY Report Monday; Update On BNSF 2014 CAPEX; Fracking Is Here To Stay

Companies reporting earnings Monday:

• APC ($1.16): after market close-- actual: despite litigation loss, beats by 10 cents; shares up 2%
• EOG ($1.21): after market close; actual -- beats by 21 cents; stock up nicely;
• EOX (0): after market close; actual beats, by 3 cents;
• OAS (63 cents): after market close
• OXY ($1.70): before market opens; actual - beats by 5 cents -- $1.75
• OTTR (53 cents): after market close; actual -- beats by 4 cents; 
• ROSE (84 cents): after market close; misses by 7 cents;

Other News From Over The Weekend

CBR -- BNSF CAPEX

BNSF: On March 8, 2014, I posted the following:

Specifics of BNSF investment in North Dakota in 2014:

• double track the line from Minot to Glasgow, MT ($162 million)
• add sidings between Fargo and Grand Forks ($26 million)
• add sidings between Bismarck and Glendive, MT ($14 million)
• add sidings along Devils Lake ($13 million)
• add sidings and an interchange track through the Port of Pembina ($13 million)
• invest in Centralized Traffic Control along the Jamestown, ND, subdivision ($11 million)
• add sidings along the KO subdivision, between Fargo and Minot ($8 million)

Now, additional information for those interested in Montana. Daily Interlake is reporting:

BNSF plans to hire more than 450 employees in Montana this year; about 200 of those additional workers already have been hired year-to-date. 

Montana projects include:

•  Extending track lengths at train yards in Glendive and Forsyth
•  Constructing a siding between Marsh and Terry
•  Extending train sidings at Beaver Hill, Blatchford, Hodges, Hysham and Rosebud
•  Upgrading to Centralized Traffic Control and extending a train siding at Terry
•  Surfacing and undercutting more than 900 miles of track
•  Replacing about 60 miles of rail
•  Replacing more than 145,000 ties

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Fracking

Not to worry. Forbes is reporting: 

Despite official predictions that the U.S. energy boom will pop like a bubble in the next 20 years, people engaged in drilling for oil and gas—from the financiers to the frackers—see no end to boom times or low gas prices, industry insiders said in Chicago Friday.

Wow, that's good news. Twenty (20) years. What's to worry? In twenty years we should all be underwater due to the rising oceans due to global warming. This should all work out just about perfectly. Give or take a year, it looks like "party hearty."