Reporting Thursday -- November 4, 2015; Will Bass Pro Shops Buy Cabela's?

Bass Cabela Pro Shops

Will privately-hell Bass Pro Shops buy Cabela's? This apparently started when Cabela began looking at its options.

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Apache

From Reuters/Rigzone, November 5, 2015: 

Apache Corp reported a much smaller-than-expected quarterly loss and joined a growing list of US oil producers in raising full-year production forecast even as many of them cut spending. 

Increased efficiencies, a drop in service costs and low break-even levels in core US shale fields are all helping US oil companies increase production on reduced budgets. 

US producers ranging from Oasis Petroleum to Devon Energy have forecast higher production in their latest quarterly reports.

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Reporting Thursday

Apache Corp (APA), forecast a loss of 36 cents; Reuters;

a much bigger quarterly loss as it took a $3.7 billion writedown due to a slump in oil prices

Net loss attributable to Apache's common shareholders widened to $5.56 billion, or $14.95 per share, in the third quarter, from $1.33 billion, or $3.50 per share, a year earlier.

CenterPoint Energy (CNP), forecast 30 cents; Zacks; beat by 4 cents at 34 cents;

Crescent Point Energy (CPG.TO), forecast 3 cents; AP; earnings came to 2 cents;

Denbury Resources (DNR), forecast 13 cents; AP; beats by 5 cents at 18 cents per share;

Enbridge (ENB.TO), forecast 49 cents; WSJ;

Canadian / US dollars makes forecast / actual difficult to compare; WSJ says 47 Canadian cents were up from 41 Canadian cents a year earlier but fell just short of hte 49 Canadian cents analysts were expecting; from Reuters: Enbridge Inc, Canada's largest pipeline company, reported a 15.7 percent rise in quarterly adjusted profit, helped by increased throughput as producers moved more oil by pipelines than on rail. The Calgary-based company's adjusted earnings rose to C$399 million ($303.4 million), or 47 Canadian cents per share, in the third quarter ended Sept. 30, from C$345 million, or 41 Canadian cents per share, a year earlier. ($1 = 1.32 Canadian dollars)

Linn Energy (LINE), forecast 13 cents; press release;

Windstream Holdings (WIN), forecast a loss of 34 cents; AP;

wow, huge beat; forecast to lose 41 cents by Zacks, WIN reports a loss of only 13 cents;

WPX, forecast a loss of 14 cents; AP;

slightly wider than foecast; Zacks predicted a loss of 12 cents; actual loss was 17 cents/share;

Clean Energy Fuels (CLNE), forecast a loss of 28 cents; press release here;

if I read this correctly, the loss was 23 cents; much better than forecast;

EOG, forecast a loss of 29 cents; press release; transcript;

Halcon (HK), forecast one cent; press release; at Seeking Alpha;

if I read this correctly, net income was 4 cents; if accurate, a huge beat;

Walt Disney (DIS), forecast $1.14; AP; beat nicely at $1.20/share;

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Tyranny Of A Big Idea -- Op-Ed in The Wall Street Journal

Link here. Well worth reading. 

Remember Paul Ehrlich?

Paul Ehrlich helped get the ball rolling with his 1968 blockbuster “The Population Bomb,” which begins with the words: “The battle to feed all of humanity is over. In the 1970s and 1980s hundreds of millions of people will starve to death in spite of any crash programs embarked upon now.” Mr. Ehrlich, a biologist at Stanford, had no scholarly credentials as a demographer or an economist. But that didn’t keep him from putting a scientific gloss on a personal prejudice.
From “The Population Bomb” there came Zero Population Growth, an NGO co-founded by Mr. Ehrlich. Next there was the United Nations Population Fund, founded in 1969, followed by the neo-Malthusian Club of Rome, whose 1972 report, “The Limits to Growth,” sold 30 million copies. In India in the mid-1970s, the Indira Gandhi regime forcibly sterilized 11 million people. Then-World Bank President Robert McNamara praised her for “intensifying the family planning drive with rare courage and conviction.” An estimated 1,750 people were killed in botched procedures.

And now it's global warming.

What matters, rather, is the strength of the longing. Modern liberalism is best understood as a movement of would-be believers in search of true faith. For much of the 20th century it was faith in History, especially in its Marxist interpretation. Now it’s faith in the environment. Each is a comprehensive belief system, an instruction sheet on how to live, eat and reproduce, a story of how man fell and how he might be redeemed, a tale of impending crisis that’s also a moral crucible.

In short, a religion without God. I sometimes wonder whether the journalists now writing about the failure of [China's] one-child policy ever note the similarities with today’s climate “crisis.” That the fears are largely the same. And the political prescriptions are almost identical. And the leaders of the movement are cut from the same cloth. And the confidence with which the alarmists prescribe radical cures, their intolerance for dissenting views, their insistence on “global solutions,” their disdain for democratic input or technological adaptations—that everything is just as it was when bell-bottoms were in vogue.

Meanwhile, for the archives, Representative Lama Smith (R-Texas)  has subpoenaed NOAA internal documents now that there is evidence that NOAA may be misleading (is "lying" too strong a word?) the American public.