(CRK) reports a big beat. $0.41A vs $0.36E
Do I own it? NO, because I’m more worried about the sub prime snafu.
Revenues: $174A vs $155 million expected.
Production: 236 mmcfepd was up 6% sequentially, 32% YoY. 2007 production guidance at 25% to 30%.
LOE/Mcfe: up a touch due to some offshore expenses but still well within hand [...]
September Crude Fell $3.42! to $72.06! Wow. Question: What is mightier than the EIA, IEA, Iran, Chavez, Nigerian Rebels, perma bull talking heads and OPEC combined? Answer: Interest only loans. Today Fed meeting will hold sway and everything that happens before the meeting is just noise. Will the Fed ease? No. Will the Fed acknowledge [...]
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