NFX expects estimated output in the range of 44.2-47.2 million barrels of oil equivalent (MMBOE), up from
They are going to blow it out the door!! :-) Go Baby! :-)
NFX expects estimated output in the range of 44.2-47.2 million barrels of oil equivalent (MMBOE), up from 36.8 MMBOE in 2012
FBR Capital reiterated an outperform rating on shares in a research note to investors on Wednesday, April 3rd. FBR has a $32 price target, "Success throughout the year should help validate the identified 2 billion Boe of resource potential." Firm estimates that the significant natural gas discovery offshore Malaysia is worth after-tax roughly $2.30/share to the company.
"Future catalysts will be additional horizontal drilling results in the Wasatchhigh-pressure Uteland Butte, continued success in the Cana,"
RBC notes NFX's gas discovery offshore Malaysia is significant at 1.5-3.0 Tcf gas in place, and it thinks it is worth around $1/sh. Significant gas discovery offshore Malaysia should help sale process and value - RBC Capital Mkts
4:57PM Newfield Expl beats by $0.01, misses on revs (NFX) 19.84 -0.11 : Reports Q1 (Mar) earnings of $0.45 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus Estimate of $0.44; revenues fell 4.0% year/year to $651 mln vs the $657.65 mln consensus.