Monday, November 3, 2014

MDU To "Market" Its Eploration/Production Division; Earnings On Tap Today -- November 3, 2014; Number Of Active Rigs In North Dakota Slumps

Biggest story of the day: MDU bailing on the Bakken. MDU will "market" its Fidelity exploration and production division. Rumors Oasis could be doing the same thing. Maybe some big operator could scoop up both Oasis and Fidelity. Add Fidelity to the list that includes OXY USA.

Second biggest story of the day, non-energy: Sprint with huge earnings miss; loses 19 cent; almost 4x expected; revenues rise less than expected; will cut 2,000 more jobs; reduce staff 5%. Stock falls 7%. 

Now, Back To The Bakken

Number of active rigs in North Dakota slumps:

Active Rigs189181188194152


This is not an investment site. Do not make any investment, financial, or relationship decisions based on what you read here or what you think you may have read her. Do not make any travel plans based on what you read here.

On tap today, if Yahoo!Finance is correct:
  • MDU, after market closes, 45 cents: actual, 44 cents; press release here;
  • MRO, after market closes, 59 cents; actual 57 cents; press release here;
  • Black Hills Corp, after market closes, 52 cents; beats by 8 cents; misses on revs;
  • Otter Tail, after market closes, 41 cents;
  • Sprint, after market closes; a loss of 5 cents;
In long posts I often make factual and typographical errors. If this is important to you, go to the source.


The Bakken: Bulletproof? All You Do Is Fill Me Up With Doubt...

Bulletproof, La Roux

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