- Goodrich Petroleum (GDP +10.1%) surges despite posting a larger than expected Q2 loss, as investors focus on positive results from the new Tuscaloosa Marine Shale play.
- GDP's overall production in Q2 fell 7.5% to 6.2B cfe, but oil production rose 31% Y/Y and climbed 11% Q/Q to 381K barrels, or 4,200 bbl/day; current oil production is at 4.8K-5K bbl/day, and GDP has issued Q3 guidance of 4.8K-5.4K bbl/day.
- GDP says it spent 70% of its Q2 total capital expenditures in the Tuscaloosa Marine.
From other sites
at CNBC.com (Dec 12, 2014)
at CNBC.com (Dec 10, 2014)
at CNBC.com (Nov 28, 2014)
at CNBC.com (Sep 25, 2014)
at CNBC.com (Aug 7, 2014)
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