Well, for now, in addition to yesterdays gain, NG is up another 5% this morning. NG storage numbers come out in about 2.5 hours and it can change pretty quick.
They have not updated the hedges that fell off in Oct and Dec. And, they don't usually do an investor update til a couple of months from now.
Revenue increased 5 percent to $7.64 billion from $7.29 billion, with strength in its Middle East/Asia and Europe/Africa/Commonwealth of Independent States regions. The latter region includes countries such as Russia and the Ukraine.
North American revenue climbed 2 percent from a year ago, but dipped 1 percent when compared with the third quarter. Halliburton said that the sequential performance was hurt by seasonal activity disruptions tied to the weather and holidays.
"Flotek believes that revenues for the three-months ended December 31, 2013 should exceed $100 million. Enterprise-wide gross margins should be approximately 39%."
"The recent 'polar vortex' that resulted in frigid temperatures into the deep South had no material impact on the Florida orange crop or our business,"
This is what we are up against expectation wise:
Revenue Est Current Qtr.
Avg. Estimate 102.23M
No. of Analysts 5
Low Estimate 99.80M
High Estimate 105.70M
Est. EPS $0.18
And, here are the latest Short Interest numbers:
Settlement Date Short Interest Avg Daily Share Volume Days To Cover
12/31/2013 6,033,484 450,849 13.382494
Insider Transaction: $FTK Sale at $19.37 per share of 40000 shares by Officer Chisholm John on 2014-01-07
Disposition on Jan 07, 2014 of 40,000 shares at approximately $19.37 per share pursuant to a Rule 10b5-1 Trading Plan.
"Following the First Amendment Reappraisal, the Term Loan
Overadvance Component will be redetermined to equal the amount by which the Term Loan exceeds the Appraised Value. The Term Loan Overadvance
Component shall be adjusted downward for any payments of principal of the Term Loan after the First Amendment Closing Date."
Someone knows the New appraised Values
These two sales by Carla Hardy had to do with the Florida Chemical deal. One can see and read the details of these shares being offered for sale in the Prospectus filed under Rule 424(b)(3) 08/13/2013 on the Flotek website
up a little more this morning
Last Price 4.56
Last Trade 10:40
% Change 1.33%
Last Price 4.50
Last Trade 12/17/13
% Change 0.00%
52 Week Low 2.84
52 Week High 4.68
also via twitter, "CA Moderate @CAModerate
BP signs $16 billion tight gas project deal in Oman. Fracking is new to the area. $FTK is in Oman at the right time. "