Quicksilver Resources Inc. (NYSE: KWK) todayreported net income of $86.8 million ($.49 per diluted share) in the 2010second quarter as compared to a net loss of $21.8 million (a loss of $.13per diluted share) in the prior-year period. Second-quarter 2010 adjustednet income, a non-GAAP measure, was $30.4 million ($.18 per diluted share)as compared to the 2009 period adjusted net income of $41.2 million ($.24per diluted share). Details of adjusted net income are included in theattached tables of this news release. 2010 08 09 07:30
Quicksilver Resources Inc’s (KWK) second quarter results on August 9, 2010, came in above expectations primarily on record volumes produced during the quarter. During the quarter, Quicksilver made tremendous progress in strengthening its operations and adding growth opportunities for the future. However, analysts’ sentiments on future earnings remain slightly negative due to expectations of higher unit costs, resulting from the company’s decision to sell all of its interest in Quicksilver Gas Services L.P. (KGS).
Ever since the Deepwater Horizon oil spill, billions of dollars have been wiped out from the market cap of BP. The stock price is down about 44% year-to-date. Currently BP has a dividend yield of 11.51%.
U.S. stocks generally have lower dividend yields than foreign stocks. For example, the current yield of the S&P 500 is 2.14%. Compared to this many foreign markets have much higher yields. In 2009, U.S. stocks paid 1.93%. Among the large 20 countries by market capitalization only Russia, India and Korea had lower yields than the US. Australian stocks on the other hand paid 3.73%. Despite taking into consideration factors such as foreign taxes, currency exchange fluctuations, etc. one can earn higher yields going overseas.
Bloomberg carried this story about Petrobras (PBR) possibly delaying their huge $25B share sale (17% of current market cap) to fund exploitation of some promising deepwater prospects off the shore of Brazil. Unfortunately for them, the recent global market slide has dropped PBR 15% and is endangering the transaction.
Comparing PBR's one-month chart to the broad Brazilian stock market (via the ETF, EWZ), Petrobras has fallen further than...
Few sectors face as much uncertainty at this time as does the Energy sector. The Deepwater Horizon oil spill continues to gush into the gulf and political factions could threaten new drilling projects in the region due to environmental concerns for years to come. This comes after many oil companies had begun to focus more attention on the Gulf of Mexico; Apache’s (APA) recent M&A deals come to mind (Into the Deep: Apache Bids $4B for Mariner Energy). Furthermore, major...
I’ve been an emerging markets bull for quite some time now, but have yet to really do any analysis on Brazil and their currently very good performing economy and companies. Until I did my weekly technical stock scans this Monday morning and up popped three Brazilian stocks in the same scan, which is quite unusual, so I decided to take a closer look.
Investing in foreign stocks is an integral part of a well-diversified portfolio. There are many reasons for this strategy. Some of them are noted below:
The total market capitalization of all stocks listed in the New York Stock Exchange is about $11.8 Trillion as of Dec 31,2009. Over 400 foreign stocks account for a significant portion of this total market capitalization
Last year in US dollar terms the market capitalization of Shanghai, Bombay, Bovepsa exchanges grew by 89%, 101% and 125% respectively while the market cap of NYSE grew...
InterOil's (IOC) Elk/Antelope resource has 8.2 Tcf of natural gas and 156 MMBbls of condensates. Is that enough for the resource to be developed? We're sifting through the evidence ...
Such a judgment is based on answering the following four questions:
During the presentation of the company's 2010–2013 strategic plan, Eni SpA (E) indicated flat 2010 upstream with an aim to grow production through 2013 at 2.5% CAGR (compounded annual growth rate), based on its oil price assumption of $65 per barrel. This is down from 3.5% in the 2009–2012 plan. ENI plans to bring 41 new fields online in the next four years.
Eni plans to invest €52.8 billion (approximately $72.3 billion) in 2010−13 time frame, an increase of 8% from the...
ROME -(Dow Jones)- Italy's Industry Ministry said Thursday it had received more than 270 non-binding expressions of interest to take part in Eni SpA's (E) natural gas storage expansion, as part of ...
ROME (Dow Jones)--Eni SpA (E) Chief Executive Paolo Scaroni met Thursday Lebanon's President Michel Suleiman to discuss possible areas of cooperation in the development of the natural gas sector ...
LONDON -(Dow Jones)- The Caspian Pipeline Consortium, or CPC, revised up its September crude oil exports through the pipeline by 5% to 2.70 million metric tons, or 661,000 barrels a day, from 2.58 ...
Halliburton (HAL) announced that it won an oil field redevelopment contract from Italian oil company Eni SpA (E). Although the financial terms of the contract were not disclosed, the deal is said ...
By Chip Brian Shares of ENI SpA (NYSE:E) traded relatively unchanged yesterday, closing at $39.30. The stock has been drifting lower over the past nine trading days and is currently trading in a ...
NEW YORK (Market Intellisearch) -- Eni SpA options saw heavy call activity today. A total of 34 call and 0 put contracts were traded raising a three month record high call volume alert. Today's ...
By Steve Scherer and Flavia Rotondi Aug. 30 (Bloomberg) -- Libyan leader Muammar Qaddafi urged hundreds of young women in Rome to convert to Islam as he marked the second anniversary of a ...
NEW YORK (Market Intellisearch) -- Shares of Eni SpA closed above the 50-day moving average of $40.16. Technical analysts and investors who study trading patterns will view this development as a ...
By Chip Brian ENI SpA (NYSE:E) traded in a range yesterday that spanned from a low of $38.47 to a high of $39.28. Yesterday, the shares fell 0.23%, which took the trading range below the 3-day low ...
PRLog (Press Release) ? Aug 26, 2010 ? The Goliat field is located in Block 7122/7 and 7122/8 at Barents Sea in Norway. The field is around 50 kilometers southeast of the Snohvit field and is in ...
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