Monday, January 11, 2016; Alcoa Reports Earnings; The Bakken Has A New Operator: Petroshale (USA)

Alcoa reports:

Reported an earnings beat in its Q4. Earnings of 4 cents per share on revenues of $5.25 billion topped the 3 cents per share and $5.2 billion, respectively. This marks Alcoa's first earnings beat in the last 3 quarters.

But this was huge:

A bigger development for down the road, however, is Alcoa's decision to split into 2 separate companies: Alcoa, which will continue to deal in the raw materials side of the business; and an as-yet unnamed company that will take over the Aerospace and Automotive side. This business would include the $9 billion in airline contract orders announced by CEO Klaus Kleinfeld. The split is expected sometime in the second half of calendar 2016.

Zacks says "4 cents is a beat" but in fact that's what was posted over the weekend: analysts forecast 4 cents. I would say Alcoa met expectations. Which is a whole better than missing. LOL.

Tomorrow, I will be interested in:

• CSX: after market close, analysts forecast a profit of 46 cents

Exactly one year ago: CSX reported fourth quarter earnings per share of $0.49, up 17% from $0.42 in the same period last year. This represents a new fourth quarter record for the Company. Revenue grew 5% in the quarter, to $3.2 billion, also a fourth quarter record, with broad based growth across nearly all of our markets, reflecting continued economic momentum. 

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Back To The Bakken

Active rigs:

	1/11/2016	01/11/2015	01/11/2014	01/11/2013	01/11/2012
Active Rigs	55	167	192	182	197

One well coming off the confidential list Tuesday:

• 29765, SI/NC, Hess, EN-L Cvancara-155-93-2627H-7, Robinson Lake, no production data,

Two (2) new permits --

• Operators: Petroshale (USA), BR
• Fields: Antelope (McKenzie), Blue Buttes (McKenzie)
• Comments: This is the first permit for Petroshale (USA) in North Dakota; Petroshale (USA) website; November, 2015, corporate presentation;

Seven (7) permits were renewed, all in McKenzie County --

• CLR, 3, all three permits for Rollefstad Federal wells
• EOG, 2, both Mandaree permits
• Petro-Hunt, a State permit
• Hess, a BW-Hedstrom permit 

One (1) producing well completed:

• 29796, 1,723, BR, Kirkland 24-21MBH, Pershing, t12/15; cum --