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Noble Energy (NBL +0.3%) forecasts Q3 sales volume at the low end of its earlier guidance of...
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Monday, October 1, 2012, 10:40 AM ETNoble Energy (NBL +0.3%) forecasts Q3 sales volume at the low end of its earlier guidance of 242K-250K boe/day, as efforts to restore production after Hurricane Isaac were delayed by flooding at third-party onshore facilities and minor equipment repairs. NBL says the storm hurt production by ~7K boe/day.
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LPH completed a $110M acquisition of their 3rd facility on September 26, 2012, which adds 80% to their existing capacity, without ANY shareholder dilution. Track record of 2009 to 2012 is expansion 1 to 3 facilities, capacity from 50K metric tons to 220K metric tons, 4.4-fold increase.
LPH auditors published a comprehensive reconciliation of China SAIC tax filings to SEC filings in July 2012 covering the period 2009-2012, and demonstrated earnings were accurate as reported.
LPH reported an 11% YoY increase in metric tons of oil sold in the months of July and August 2012 vs. 2011. Increase in oil prices in mid-summer will further increase profits to be reported for Q ending 9/30/12 (earnings due 11/15/12). Huajie facility is brandnew, turnkey, dedicated rail spur, and sales staff were on the ground months before closing, so will add to 12/31 earnings.
EPS will grow from $0.61 to $1.10 for year ending 12/31/2013.