Interested in any thoughts. Thanks!
New Newfield oil discover in northern Oklahoma in the Merimac Shale. Newfield discovered the Woodford shale oil play (though CLR got credit) and now the Merimac.
I am not aware of any other company making proven US shale oil discovers like this in the past number of years.
Newfield need some Wall Street respect.
The usual. No firm date for the sale as yet nor earnings estimate for 2014 except for O&G production rates. The Analysts were not too impressed . My guess is it will trade down and sideways for 6 mths. or until the Balance sheet debt is under $1bn.