Archive for May 7th, 2008


07
May

Wednesday – Oil Inventory Preview + News From HK, DVN, XCO, PXD, RIG

HK announced a good quarter (reviewed below) and about $1 billion in debt and equity offerings that are going to pressure the shares this morning. They're accelerating activity on many fronts and have staked a claim as the #2 name in the Haynesville before their well is at total depth which speaks to either massive […]


07
May

HK Reports Solid Quarter – Bulking Up The Hawk

HK Reports 1Q08 Results Good Results; Announces Share and Debt Offerings; Jacks Up Budget and Attacks The Haynesville In Almost Chesapeake Fashion. My sense is that the stock dips in the early morning hours. Even some analysts may attempt to decry the wanton levels of spending. This will pass. I will likely buy more if […]


07
May

Devon Crushes 1Q08 Results – Pre Call Note

We're long here. Long and happy. The 1Q Numbers: EPS  of $2.74 vs $2.33 Street Consensus, CFPS of $5.79 vs $4.55 expected, Production of 640 MBOEpd  vs 631.5 MBOEpd in 4Q07 (from non-divested properties) LOE inched up 7% YoY Guidance:  None given but look for them to certainly re-affirm 2008 guidance on the conference call; […]

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