This Is Not An Investment Site; Do Not Make Any Investment Or Financial Decisions Based On Anything You Read Here Or Think You May Have Read Here -- May 6, 2015

CLR will report after the market closes today. Must have been a good report; up almost 3% in after-hours trading. Beats by 4 cents; quarterly loss less than expected.


Babcock and Wilcox will report after the market today. Beats by 4 cents; beats on revenue.

MRO will report after the market closes today. 1Q15 loss but beats by 8 cents; misses on revenue.

SD will report after the market closes today. 1Q15 loss but beats by one penny; misses on revenue.

Tesla will report after the market closes today. Shareholders liked the report, pushing the stock higher, despite the fact that Tesla's net loss widened to $154 million. The loss, of $1.22 per share, compared to a loss of 40 cents per share in the January-March period a year ago.

Transocean will report after the market closes today. Swings to loss but beats by 49 cents.

Denbury: a first-quarter loss of $107.7 million, after reporting a profit in the same period a year earlier.

The Plano, Texas-based company said it had a loss of 31 cents per share. Earnings, adjusted for non-recurring costs, were 7 cents per share.

The results met Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was also for earnings of 7 cents per share.

Chesapeake: swings to a loss, but beats by 7 cents; Reports Q1 earnings of $0.11 per share, excluding non-recurring items, $0.07 better than the Capital IQ Consensus Estimate of $0.04; revenues fell 45.3% year/year to $2.76 bln vs the $3.45 bln consensus.

• Average production of ~686,000 boe per day, an increase of 14% year over year, adjusted for asset sales. 
• Adjusted EBITDA was $928 million in the 2015 first quarter, compared to $1.515 billion in the 2014 first quarter. 
• Guidance: 2015 total production guidance increased to 640 -- 650 mboe per day 2015 capital guidance of approximately $3.5 -- $4.0 billion reiterated

Occidental Petro reports EPS in-line, misses on revs: Reports Q1 earnings of $0.04 per share, excluding non-recurring items, in-line with the Capital IQ Consensus Estimate of $0.04; revenues fell 37.8% year/year to $3.09 bln vs the $3.35 bln consensus.

Enbridge: a quarterly loss compared with a year-ago profit, hurt by the impact of a steep drop in oil and gas prices and hedging losses; 46 Canadian cents per share, in the first quarter ended March 31, compared with a profit of C$390 million, or 47 Canadian cents per share, a year earlier. It's hard to believe, but ENB is trading near its 52-week high, and significantly increased their dividend in February, 2015.

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Not A Believer

The Fed chairwoman says "valuations are high." I guess she's not a believer in "the efficient stock market theory."