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Barclays is warning investors to brace for another middling quarter of earnings from the biggest...

Barclays is warning investors to brace for another middling quarter of earnings from the biggest energy names. The firm tabs Exxon (XOM), where a heavy schedule of planned and unplanned outages have resulted in a ~$400M opportunity cost loss, and Alon USA Energy (ALJ), hit by unplanned repairs at its Krotz Springs, La., refinery, as the biggest downside surprises.
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Comments (4)
  • 13761362
    , contributor
    Comments (382) | Send Message
    Louisiana alone probably has enough energy to supply all of North America for the next century. I'm not going short Louisiana. This single electric utility will power this entire industry forward and i would be a buyer. i'm really having a hard time being bearish on this piece of real estate actually. should oil, natural gas and gasoline be allowed to be exported (and that's a big should) then obviously that's a real game changer for world energy markets. easily the biggest since the 70's and the rise of the petro states and the petro dollar. obviously we saw what the loss of US consumption did to the price of silver in the 80's, 90's and 2000's. i think we are on the cusp of something similar with oil and pricing. i do agree we will never see $140 a barrel oil ever again.
    9 Jul 2013, 06:31 PM Reply Like
  • glf4mny
    , contributor
    Comments (464) | Send Message
    I've not heard of any bad news that would either impact growth or force the majors to cut dividends in the future. And besides, unless and until the world learns to live off of non-fossil fuels, energy will grow and increase dividends accordingly, e.g. today, Cummings (CMI) a maker of diesel engines, announced a 25% dividend increase. With production or refining outages, the commodity is still in demand but the supply will be short. That means buy. How many barrels of oil did Barclays produce last year?
    9 Jul 2013, 08:45 PM Reply Like
  • pat62464
    , contributor
    Comments (5) | Send Message
    from Barclays...the company than brought you manipulated LIBOR rates. 400mm on Mobil income statement is a rounding error.
    9 Jul 2013, 10:06 PM Reply Like
  • TeamJR
    , contributor
    Comments (18) | Send Message
    Q1- 2013 - ALJ - Beat earnings est. 50 and act. was .81 and revenue est.was 1.53 and act. was 1.665.
    Q4 -2012 - ALJ - also beat earnings and revenue
    Q3 - 2012 - ALJ beat earnings and revenue


    Refineries have down times just like power plants. This should be calculated into their earnings and revenue estimates.


    Has Barclays ever given ALJ a good rating, if not why? They have had plenty of opportunity.
    10 Jul 2013, 05:11 PM Reply Like
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