WLL: Whiting Petroleum Corporation Instablogs

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Wednesday, April 24, 4:01 PM Whiting Petroleum (WLL): Q1 EPS of $0.94 beats by $0.04. Revenue of $605.1M beats by $15.4M. (PR) 1 Comment [Earnings, Breaking News]
Monday, April 8, 9:59 AM Whiting Petroleum (WLL +2.4%) is upgraded to Overweight from Neutral at J.P. Morgan, which notes WLL is trading at a discount on both a NAV and multiples basis with potential near-term catalysts in testing the higher-density pilot programs in the Williston Basin, the Niobrara (Redtail), the horizontal Red River concepts, and the Hz prospects in the Permian (Big Tex). Comment! [Energy, Quick Ideas, On the Move]
Wednesday, February 27, 7:46 PM More on Whiting Petroleum (WLL): Q4 beats on both EPS and revenue as net income rose 30% on stronger production and derivatives gains, and despite an overall decline in oil and natural gas prices. Derivatives gains in the latest quarter were $21.7M, compared with losses of $93.2M in the year ago period. Average daily production rose 22% to 86,055 boe. 2 Comments [Energy, Earnings]
Wednesday, February 27, 7:45 PM Whiting Petroleum (WLL): Q4 EPS of $00.83 beats by $0.10. Revenue of $577M (+16% Y/Y) beats by $35M. (PR) Comment! [Earnings, Energy, Breaking News]
Wednesday, February 27, 4:04 PM Whiting Petroleum (WLL): Q4 EPS of $0.83. Revenue of $577M beats by $41.05M. (PR) 1 Comment [Earnings, Breaking News, Energy]
Wednesday, February 27, 12:10 AM Notable earnings after Wednesday’s close: AGO, AHT, ANW, ARI, CBI, CDXS, CECO, CLR, DAR, DPM, DVR, GRPN, HNSN, IOC, ITC, JCP, LTD, MBI, MMLP, MNST, MWE, MYL, PANL, PLL, RGR, UAN, WES, WLL Comment! [Earnings]
Tuesday, February 26, 5:35 PM Notable earnings after Wednesday’s close: AGO, AHT, ANW, ARI, CBI, CDXS, CECO, CLR, DAR, DPM, DVR, GRPN, HNSN, IOC, ITC, JCP, LTD, MBI, MMLP, MNST, MWE, MYL, PANL, PLL, RGR, UAN, WES, WLL 1 Comment [Earnings]
Thursday, February 14, 10:59 AM Whiting Petroleum (WLL +2.3%) is upgraded to Outperform with a $60 price target (up from $50) at BMO Capital, despite calling it "one of the more polarizing E&P stories, in which there is much debate and disagreement." BMO believes the outlook is weighed to the positive, seeing upside on a valuation basis with shares trading at a ~2-3x P/CF and EV/EBITDA multiple discount to peers. 1 Comment [Energy, Quick Ideas, On the Move]
Thursday, February 7, 3:23 PM Barclays analysts downplay the impact of the safety notice on offshore drillers ordering inspection of subsea equipment on some Gulf of Mexico drilling rigs for faulty bolts. "While this event poses additional downtime risk for these drillers, we believe the downtime would be limited and can be often mitigated through the course of normal operations," the firm says. 7 Comments [Energy]
Wednesday, February 6, 3:17 PM Shares of oil and gas drillers slide to session lows following a Bloomberg report that drilling regulators had directed offshore operators to halt work on some oil and gas wells in the Gulf of Mexico after discovering faulty bolts on equipment used to prevent blowouts. Replacing all bolts on blowout preventers could cost millions, Rowan (RDC) CEO Matt Ralls says. 12 Comments [Energy]
Friday, January 18, 11:18 AM Credit Suisse cuts its ratings and price targets on three smaller oil producers: Carrizo's (CRZO -2.5%) leverage is too high to be overcome in terms of creating long-term value, Kodiak's (KOG -1.3%) share price has been propped up by the company's frequent mention as a takeover target, and Whiting's (WLL -2.2%) future growth is being driven by projects with diminishing returns. 4 Comments [Energy, Quick Ideas, On the Move]
Wednesday, January 16, 11:17 AM Whiting Petroleum (WLL +1%) is upgraded to Buy from Neutral at Sterne Agee, which says WLL's valuation disparity should narrow as it advances potential asset monetizations. The firm thinks two potential transactions could raise close to $1.2B to accelerate exploratory drilling programs, pay down debt and/or initiate a dividend. 1 Comment [Energy, Quick Ideas]
Thursday, November 29, 2012, 3:11 PM Whiting Petroleum (WLL -2.9%) explored selling itself earlier this year but backed out after the buyer balked over the asking price, WSJ reports. At a market cap of ~$5B and with $1.6B in debt WLL reported as of Sept. 30, the buyer would have needed to commit at least $6.6B for a full buyout, and the premium paid in U.S. oil and gas deals has averaged 41% YTD. 1 Comment [Energy, On the Move]
Thursday, November 8, 2012, 11:03 AM Whiting Petroleum (WLL +2.8%) pulls back from a big early boost on chatter that Statoil (STO -0.6%) had offered $65/share for the company. Benzinga recently reported STO came out denying the rumor, causing the subsequent drop. Comment! [Energy, M&A, On the Move]
Thursday, November 8, 2012, 9:10 AM Premarket gainers: DUSA +38%. MTSL +28%. USAT +15%. WLL +11%. ITMN +11%. SD +9%. QCOM +9%. THQI +8%. EZCH +7%. ALU +6%. MWW +7%. TTM +6%. DF +5%.
Losers: CPRX -56%. BCRX -34%. PANL -25%. SVNT -19%. SGEN -11%. MNST -10%. CNQR -9%. TNK -9%. NBG -8%. PSTI -8%. MAKO -7%. WINI -6%. AUI -5%. Comment! [On the Move]
Thursday, November 8, 2012, 8:44 AM Whiting Petroleum (WLL) +11.3% premarket on a report that Statoil (STO) approached the company with a takeover bid worth up to $7.6B. WLL and STO are among the top producers in the Bakken shale formation in North Dakota, and STO has said it wants to pick up further shale acreage in the U.S. 3 Comments [Energy, M&A, On the Move]

WLL Whiting Petroleum Corporation

WLL

Whiting Petroleum Corporation