- Q1 EPS was impacted by an (unrealized) $79 million derivative loss (-0.39/share)
- in the meantime, the company's Q1 domestic production was 39% dry gas
- the company has some prolific STACK wells, but the relatively high dry gas split and the hedging program are headwinds
- yet the stock has been beaten down, in part, owing to Oklahoma drilling restrictions due to high earthquake activity in the state
- it may have been beaten down too much - but where is the catalyst moving forward?
Monday, June 11, 2018
Newfield Update -- Michael Fitzsimmons -- June 11, 2018
Over at SeekingAlpha. It was Fitzsimmons, I believe, who said Newfield was the top operator in the Bakken -- I could be wrong [I was wrong: it was Mike Filloon -- see this link] -- maybe I will look that up later ... but now... at the linked article:
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