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Tuesday, October 30, 2018

ONEOK 3Q18 Earnings

Link here, press release, OKE:
  • operating income jumps 40%
  • adjusted EBITDA jumps 28%
  • guidance raised
  • results jumped on higher volumes in Williston Basin and STACK/SCOOP
  • income: 75 cents vs 43 cents yoy
  • income, nine months, almost doubled yoy
  • note CAPEX: $694 million 3Q18 vs $135 million 3Q17
Zacks estimates, here:
  • earnings: 74 cents, and that was a recent "bump"
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Two Entirely Different Companies

DNR vs NOG
  • both are currently active in North Dakota
  • one is a pure play tight oil
  • one was mostly seen as an EOR (CO2 injection) but now has sizeable position in Eagle Ford
  • neither pays a dividend
  • both trading under $4
earnings for DNR:
Denbury Resources Inc. is estimated to report earnings on 11/06/2018. The upcoming earnings date is derived from an algorithm based on a company's historical reporting dates.Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 4 analysts' forecasts, the consensus EPS forecast for the quarter is $0.11. The reported EPS for the same quarter last year was $0.04.
earnings for NOG:
Northern Oil and Gas, Inc. is expected* to report earnings on 11/08/2018 after market close. The report will be for the fiscal Quarter ending Sep 2018. According to Zacks Investment Research, based on 6 analysts' forecasts, the consensus EPS forecast for the quarter is $0.11. The reported EPS for the same quarter last year was $0.04.
DNR
  • trading at $3.36
  • 52-week range: $1.13 - $6.75
  • market cap: $1.5 billion
  • p/e: 7.3
  • enterprise value: $4.92 billion
  • total cash: $116K
  • total debt: $2.8 billion 
NOG
  • trading at $2.92
  • 52-week range: $0.72 - $4.49
  • market cap: $1.12 billion
  • p/e: n/a
  • enterprise value: $1.6 billion
  • total cash: $201 million
  • total debt: $845 million 
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