The Million Dollar Way (The Bakken Oil Blog)

Tuesday, May 7, 2024

Anticipation: Earnings On Tap -- May 7, 2024

Locator: 47092EARNINGS.

Reminder tomorrow:

Reminder, today:

Look at that, tomorrow, anticipation: ERF, STR, OMG.

*************************
The Book Page

This week, I'm continuing to read A History of the Jews in America, Howard M. Sacher, c. 1993.

Absolutely fascinating. A great summer / beach book.

US Jobs And Women -- May 7, 2024

Locator: 47091JOBS.

Link here.

So, let's fact check that. Yup, that's true.

From Axios:

Five New Permits; Three DUCs Reported As Completed -- May 7, 2024

Locator: 47090B.

WTI: $78.31.

Active rigs: 40.

Five new permits, #40724 - #40728, inclusive:

Operators: Phoenix Operating (4); Oasis
Fields: Burg (Divide County); Eightmile (Williams)
Comments:

Phoenix Operating has permits for four Axel Ferrari wells, SESW 24-160-99,

to be sited 330 FSL and between 1366 FWL and 1486 FWL

Oasis has a permit for yet another Aune Federal well, lot 3, section 30-153-102,

to be sited 2546 FNL and 340 FWL

Three producing wells (DUCs) reported to be completed:

39542, 3,159, Grayson Mill, Knight 35-26H, Banks,
39985, 4,109, MRO, Westrum 14-16H, Jim Creek,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	3-2024	31	24015	23966	38938	16426	15267	1105
BAKKEN	2-2024	5	10889	10858	17638	7158	7101	38

40065, n/d, MRO, Coombs 11-2H, Killdeer,

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	3-2024	31	17345	17265	53655	14066	12265	1717
BAKKEN	2-2024	5	0	0	152	0	0	0

Earnings Announcements After Market Close -- CRC, OXY, CHRD -- May 7, 2024

Locator: 47089EARNINGS.

Reminder, today:

Look at that, today, anticipation: CHRD, OXY, CRC, OMG.

OXY: Ticker today: flat during normal trading hours; flat after hours pending announcement; earnings report here. EPS: 75 cents.

OXY is scheduled to release first-quarter 2024 results on May 7, after market close. In the last four reported quarters, the company delivered an earnings surprise of 3.39%, on average. The Zacks Consensus Estimate for earnings is pegged at 56 cents per share on revenues of $6.7 billion.

The top and bottom-line estimates suggest a decline of 7.7% and 48.6%, respectively, from a year ago. Missed on sales. Ticker down in after hour trading. Wow, you just get the feeling that nothing is going right for Buffett right now.

CRC: Ticker today: up slightly during normal trading hours; flat after hours pending announcement;

California Resources Corporation Common Stock is expected to report earnings on 05/07/2024 after market close. The report will be for the fiscal Quarter ending Mar 2024. According to Zacks Investment Research, based on 2 analysts' forecasts, the consensus EPS forecast for the quarter is $0.58. The reported EPS for the same quarter last year was $2.63.

Link here for earnings.

CHRD: after market close; consensus EPS, $4.81; consensus revenue estimate is $766.26 mllion. Ticker today: up slightly during normal trading hours; flat after hours pending announcement; earnings here. Dividend: all in — $2.94.