Newfield Exploration (NFX) says it will seek strategic alternatives for its international oil...

|About: Newfield Exploration Co. (NFX)|By:, SA News Editor

Newfield Exploration (NFX) says it will seek strategic alternatives for its international oil and gas holdings, and forecasts a Q4 loss of ~$1.2B from a $1.5B writedown due to low natural gas prices and the sale of some assets. NFX also will take a Q4 non-cash charge of ~$550M for deferred income taxes. Plans 2013 capex budget of $1.7B-$1.9B; sees production of 44M-47M boe vs. 47M in 2012. Shares +3.7% premarket.