MEMP reported a .70 quarter and got slaughtered, though there was a curious delay for a time after the bell, odd. QRE reported a 1.0, best of the upstreams for Q1, but it also was savaged, people were expecting a substantially overweight coverage number there after the restructuring. BBEP was down a little, again, VNR took another hit after burping up a second consecutive under-water quarter. Like I said, brutal. Except LINE/LNCO. Well, some reason to smile anyway.
You're right, this earnings season has been one bummer after another. And to think of all the grief LINE has been getting about maintaining the distribution. I laugh when I hear the Fed chairs and other economists fall over themselves in blaming the weather for everything that ails the US economy. But in the E&P space, it is true.
Yeah it's true, but winter weather is something that happens pretty much every year in west Texas, you should factor it in. I lived in Midland for awhile, and it would be 80 degrees and you'd wake up the next morning with a foot of snow on the ground. It shut the place down for a week, even when it melted, because they have no storm sewers, and everything floods until it drains away. To get several of those storms in a row, yeah, it can have an impact.