30
Oct
Market Sentiment: Nice reversal yesterday on GDP. In the early hours it looked like the market was going to have trouble keeping that momentum going. I’m still sitting on my hands as far as trading goes today; I’d rather the market make me a believer and I’m plenty long as it is. Eco Data […]
Posted in Uncategorized | 149 Comments »
29
Oct
Market Sentiment Watch: On this 80th anniversary of the ’29 crash there is cause for technical concern in the broad markets. While I don’t recall the Fall of 1929, I vividly remember the second half of 2008 and I vow to not repeat that action again. Eco data Watch: GDP of 3.5% vs 3.2% forecast […]
Posted in Uncategorized | 114 Comments »
28
Oct
Pre Call Note Key Points: 3Q09 Production above the upper end of guidance Production guidance raised Biggest IP for a Bakken well in company history (> 4,700 BOEpd) The 3Q Numbers: Production of 5.13 MMBOE (55,761 BOEpd), above guidance 4.8 to 5.0 MMBOE Revenue of $269.3 vs $239 mm expected. EPS of $0.59 vs […]
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28
Oct
Sentiment Watch. Ugly. Intra day rallies continue to be sold. Only the best of news in the group (either earnings beats by a very wide margin or big well announcements) are able to move stocks in a positive way and the effect of this news is fleeting. We’ve seen this before and it can […]
Posted in Uncategorized | 177 Comments »
27
Oct
Sentiment Watch: Flu like, alternating periods of hot and cold. We get home prices and consumer confidence a little later this morning. We get more earnings from E&Ps we care about later in the week but results and other news will likely continue to be dominated by the wild, seemingly random movements in the […]
Posted in Uncategorized | 120 Comments »