I believe that far out prices should be higher too unless the world is in recession which can never happen again since all the Feds around the world have figured out how to prevent recessions.
he must have been talking short term. an article just came out a day ago or so where he stands by his previous forecast of higher prices within a year and a half and has been on a buying spree. search article - t. boone pickens predicts oil rebound, buys 12 energy stocks.
But if the GAAP earnings are .31/share at an average WTI price of $73 over the fourth quarter, what do you think is happening now at a $49 WTI price?
I'm interested to read the fine details about the increased credit facility and if the same covenant exists from before. With WTI below $65, the Bakken cannot make money with these huge negative differentials.
The call should be interesting tomorrow and I still expect downgrades and a falling stock price.
they'll probably say that in the conf call tomorrow @12PM,my brokarage account said they'll go over all the details at the conf call
Guidance is key here. How are they going to do without any hedges moving forward?? That's what I want to see with this company that i hold no position in. Just very interested in this entire sector.
Gave different numbers that are very wide apart possibly why it is not really trading. You have a .24 miss then adjusted numbers that are higher???
Look what happened to Rosetta today. They have hedges and were downgraded by a few analysts. Just wait for the bloodbath tomorrow afternoon when the downgrades start pouring in