Reporting Friday -- November 5, 2015

Reporting Friday

 

Baytex Energy (BTE.TO), forecast a loss of 16 cents; press release;

a slower pace of development in the Eagle Ford and suspended heavy oil drilling in Canada. We remained focused on cost reduction;

Enerplus Corp (ERF.TO), forecast a loss of 10 cents; AP; huge miss; actually loss 32 cents/share;

***************************

Second Biggest Story From Tuesday's Elections

The Washington Post is reporting that the state of Virginia only had to gain one Democratic seat in the state Senate to give the Democratic governor what he needed/wanted, but he and his supporters failed to deliver:

Gov. Terry McAuliffe on Thursday brushed off Democrats’ failure to win the state Senate, noting that the GOP-dominated House can block his agenda no matter who controls the upper chamber.

“I wanted to win the Senate. I gave it all I have,” he said. “But at the end of the day, you know, it wasn’t going to make a difference really one way or the other. I still have only 34 Democrats in the House of Delegates.”

The comments were McAuliffe’s first since Election Day, when Republicans held their 21-19 advantage in the Senate. Democrats could have grabbed control by flipping just one seat because Lt. Gov. Ralph Northam presides over the chamber and has the power to break most ties.

In the 2012 presidential election, Virginia:

• Obama:  50.8% -- 1,905,528 votes
• Romney: 47.8% -- 1,789,618 votes

I assume there are two demographic groups that won't be standing in line and/or voting for Hillary wo overwhelmingly would have voted for Obama.

In 2016, Virginia is the GOP's state to lose.