On Tap For Tuesday Earnings -- November 4, 2014

A lot of stuff has been posted very, very quickly. I assume there are errors. If this information is important to you, go to the source. This is not an investment site. Do not make any investment, financial, or relationship decisions based on what you read here or think you may have read here. Do not make any travel plans based on what you read here.  

Announcements today:

• EOG: press release; $1.31;
• Sempra Energy (SRE), before market open; $1.24; beats by 16 cents; profit rises 16%; 
• Linn Energy (LINE), before market open, 41 cents; actual, 53 cents; press release;
• Targa Resources (TRGP), before market open; 65 cents; actual, press release; 

• Midstates Petroleum (MPO), after market close, 10 cents; beats by 18 cents;
• Oasis (OAS), after market close, 73 cents: misses by 19 cents;
• ONEOK (OKE), after market close, 38 cents; beats by a penny;
• ONEOK Partners (OKS), after market close; 63 cents; missed by 24 cents;
• Pioneer Natural Resources (PXD), after market close, $1.27; $1.35; announces public offering of 5.75 million shares; beats by 10 cents;
• Devon Energy (DVN), after market close, $1.24; beats by 11 cents; output jumps 19 percent;
• Valero Energy (VLO), before market open; $1.57; beats by 45 cents;

SolarCity (SCTY), after market close; a loss of $1.11;


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

With the current slide in oil prices, a reader asked whether it was better for a small oil company to be privately held or publicly traded. That is a bit beyond the scope of this blog, but ... there it is ... the poll is at the sidebar at the right. 

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A Note for the Granddaughters

It was the usual Monday night driving schedule for me tonight. At 5:30 I drove the younger one to soccer and at 7:00 I drove the older one to water polo. It was the first night back on "regular time" -- we "fell back" one hour last night. It was noticeably darker when we arrived at the soccer fields at 6:00 p.m.

What an incredibly beautiful evening. Thunderstorm clouds were moving in but they were not active, and were not expected to be active until tomorrow morning. The soccer field lights were on; the soccer team would be practicing "under the lights" which always seems so much more pleasant, so much more inviting.

The parking lot was overfilled with cars; there were many season-ending games for older players being played, apparently, along with the younger-player practices. I don't think I saw an old car there; all newer models, lots of SUVs, and even more F-150s' (this is Texas). This really is a great country.

On the way back to pick up the older granddaughter, there seemed to be a lot more cars on the road than usual; the drivers, if not the cars, all seemed happier and peppier. Everyone seemed to be driving a bit faster with lots of jack-rabbit starts at the intersections. No doubt it was the inexpensive gasoline that made the Texas autos and their drivers seem so happy. The least expensive gasoline I saw was $2.57, but the "average" price seems to be $2.69.

When I saw the $2.57/gallon price, I wondered if we might see gasoline sell for under $2.00 before the driving season begins again, next Memorial Day, 2015. I personally can't see it, but I suppose it's possible.

Maybe at $2.69 folks still aren't all that excited about the price of gasoline, but if it gets to $2.19 in the DFW area (or the equivalent in your area), it's going to be quite a story. I never thought I would see the day that the price of gasoline would drop so quickly and so far, with the possibility of further decreases.