Archive for July 31st, 2007


31
Jul

Z-Note: Southwestern Energy – Strong Production, Good Cost Control, & A Potential Acceleration In The Shale

(SWN) reported $0.28 vs consensus of $0.29. Revenues were light as well but production was above the midpoint of guidance. So first we have a slight top line miss based on price. Second, cash operating costs were better than expected but the DD&A rate was just over the top end of guidance. This means the […]

Posted in Uncategorized | 9 Comments »


31
Jul

Tuesday – More Earnings Plus Crude, Cracks, and Natural Gas Thoughts

Yesterday was another pretty good day.  Recently opened call positions performed well as (SWN) and (VLO) ran hard into the close as both approached their 2Q earnings dates. See Earnings We Care About below for notes on Valero’s earnings beat. Southwestern reports after the close today. (EOG) ran early and hard with a storm fear […]

Posted in Uncategorized | 88 Comments »

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