Triple Double Advisors

Triple Double Advisors
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Company: Triple Double Advisors LLC
5/3/12
Triple Double Advisors
RIG-$49.93: big 1Q beat & $430MM in new contract awards. 1Q EPS $0.68 vs Sreet $0.33 driven by lower opex, DD&A and tax rate;
5/3/12
Triple Double Advisors
Ensco ESV - Q1 reported Q1 EPS of $1.15, a penny shy of SCI/Street estimates of $1.16.
5/3/12
Triple Double Advisors
Concho Resources (CXO) reported Q1'12 adj eps of $1.05, below the Street at $1.13, due to higher costs specifically LOE and DD&A.
5/2/12
Triple Double Advisors
EPD-Q1 looks 62c, 5c better on onshore NGLs & gas. Offshore soft.
5/2/12
Triple Double Advisors
DVN-$1.05, 38c miss on costs & realizations.
5/2/12
Triple Double Advisors
CHK-Q1 adj 18c, 11c miss. Bigger story lower guide and higher capex widening massive outspend.
5/2/12
Triple Double Advisors
Natgas lower as mkts look through curtailments & see production increases in 914 data.
5/1/12
Triple Double Advisors
Delta Airlines buys idled Trainer refinery from Phillips 66 (PSX). All we can say is, Delta...welcome to the Thunderdome!
5/1/12
Triple Double Advisors
Monthly U.S. implied demand for February '12 was revised higher by 466 kb/d from initial weekly data
5/1/12
Triple Double Advisors
MPC-$1.70, 39c beat on margins. MLP formation pending.
5/1/12
Triple Double Advisors
FST-adj 11c, 9c light. Ops were a mixed bag. NGL guide biases FY12 lower. EFord JV still pending
5/1/12
Triple Double Advisors
BP $1.52, 12c miss mostly dnstream as E&P in line. Q2 outlook for lower vols/margins & continued pressure on Mkting & Chem margins
Don't think BP wants to go full throttle until US levies fines etc. and they're out of the woods re gulf accident. Sandbagging?
A bit of a surprise as VLO had a decent qtr.
5/1/12
Triple Double Advisors
On the surface a pos EIA 914 rpt: gas prod in Feb '12 declined 0.42 bcf/d m/m. However, WY declined 0.23 bcf/d, part due to equip failures
4/30/12
Triple Double Advisors
China mulls guarantees for ships carrying Iran oil http://reut.rs/KpPkQC
4/30/12
Triple Double Advisors
SLB acquiring TESO's CWD business for $45mm in cash
4/30/12
Triple Double Advisors
HERO: offshore space has increasingly favorable jackup supply/demand dynamics in U.S. GoM
4/30/12
Triple Double Advisors
SDRL orders 6th newbuild drillship from Samsung delivery in 2Q'14 also got a 3-yr contract for a semi in offshore W. Africa for $710MM
4/24/12
Triple Double Advisors
Hz Mississippian Osage Expl OEDV announced an IP rate on the Wolf 29 well of 1185Boe/d with 85% oil & 15% high-Btu gas.
4/24/12
Triple Double Advisors
RDS-ups bid for COVE to $1.8B, highlighting strategic importance of EAfr offshore
4/24/12
Triple Double Advisors
WFT 1Q recur 25c, 3c light w/ slightly better revs offset by lower margins in NAM & lower Intl revs w/ better margins. Q2 guided flat.
4/24/12
Triple Double Advisors
BHI-1Q 86c, 5c better as Intl rev & margins down less than expected. NAM margins compress as expected on challenged frac results.
4/23/12
Triple Double Advisors
IPAA Recap: recurring themes: gas levered names could see further reduction in capex/activity this year;
4/23/12
Triple Double Advisors
IPAA Recap: recurring themes: emerging shale plays continue to garner the most interest.
4/23/12
Triple Double Advisors
IPAA Recap: recurring themes: onshore service costs are softening, albeit this is somewhat regionally focused;
4/23/12
Triple Double Advisors
HK CEO Floyd Wilson's non-compete with BHP expires Nov 1, opening up the Permian to potential M&A
4/23/12
Triple Double Advisors
SPM EU-Q1 52c, 3c light but reaffirms full year guide.
4/23/12
Triple Double Advisors
COP-Q1 $2.02, 6c light on E&P under lift, performance in other segments was impressive, with refining eps beating forecast by 7ct/sh.
4/23/12
Triple Double Advisors
Helix Energy HLX reporting EPS of 62c vs. Street expectations of 45c.
4/23/12
Triple Double Advisors
Sunoco SUN entered discussions with Carlyle Group regarding a potential jv involving Sunoco's 330,000 bopd refinery in Philadelphia.
4/20/12
Triple Double Advisors
EOG unconfirmed reports of EOG has signed a joint venture with Mitsubishi for a stake in the Tuscaloosa Marine Shale
which usually means EOG has sold a share of its Tuscaloosa Marine Shale, but remains operator.
4/20/12
Triple Double Advisors
Kinder Morgan Inc. KMI announced its intention to dropdown El Paso's Tennessee Gas Pipeline and a portion of El Paso Natural Gas to KMP.
4/20/12
Triple Double Advisors
Kinder Morgan, Inc. KMI Q1 results were slightly ahead of expectations.