Monday, November 2, 2015

Back To Normal -- November 2, 2015; NASDAQ 100 Hits 15-Year High

Things appear to be back to normal in Bismarck.

Last month about this time folks were writing me to see if I knew anything about the delay in getting August production numbers posted. Readers said the numbers were delayed; some thought the oil companies had a hand in getting data delayed.

But this month, it seems, things are back on track. September data started appearing the last week of October.

Oasis reports four nice Bakken wells


Otter Tail Corp, forecast 44 cents; AP reports:
The Fergus Falls, Minnesota-based company said it had profit of 41 cents per share. Earnings, adjusted to account for discontinued operations, were 42 cents per share.
MDU, forecast 38 cents; AP reports:
MDU Resources Group Inc. (MDU) on Monday reported a third-quarter loss of $139.4 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Bismarck, North Dakota-based company said it had a loss of 72 cents. Earnings, adjusted to account for discontinued operations and non-recurring costs, came to 38 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.
Pioneer Natural Resources, PXD,
Forecast a loss of 3 cents; press release here; Pioneer reported third quarter net income attributable to common stockholders of $646 million, or $4.27 per diluted share. Without the effect of noncash derivative mark-to-market gains and other unusual items, adjusted results for the third quarter were a net loss of $1 million after tax, or $0.01 per diluted share.

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