EOG Reports A Beat and Respectable Reserve Figures EPS : Reported $1.44 ($1.26 after excluding one time items) vs expectations of $0.96. CFPs of $3.33 vs expectations of $3.24. Production came in at 2% sequential and 9% YoY growth fro the quarter Annual volumes were up 11%. Production Guidance: Oil (11% of current production) taking […]
Natural Gas' immediate reaction to a bigger than expect 200 Bcf withdrawal was to double the day's gain to a dime. All eyes remain on the weather and this current week's early warmth is putting a cap on any meaningful rally beyond $8. After then selling off with the market gas recovered to close […]
The market is called about a percent lower on lackluster (CSCO) results, a cautious outlook from (WMT) and a possible indictment of Bear Stearns. In energy land, both (DO) and (SUN) posted less than stellar results and crude is being dragged down by that broad market weakness and continued selling from yesterday's big inventory build. […]
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