CVX, COP, FPM.L, GAZP.MM, GDG.L, PSX, RRC, SDRL,
US EIA Petroleum Statistics,
European Oilfield Services,
OT: SMID Spotlight
Chevron (CVX)
Interim Results Disappointing; Waiting for Project Start-ups
9 April 2014 ¦ 9 pages ir.citi.com
CVX issued its interim update for 1Q stating it expects adjusted earnings to be
similar to 4Q'13. However, after including impairment and FX charges, 1Q EPS
will be lower sequentially. We are adjusting our 1Q EPS estimate down to $2.29,
which includes impairments (-$0.24) and negative FX impacts (-$0.05). On a
comparable basis we estimate adjusted 1Q EPS of $2.58 compared to our
previous estimate of $2.71 and consensus of $2.75. We have revised our forward
estimates to reflect lower production expectations.
ConocoPhillips (COP)
Woods and Trees; Cashflow is Rising, Capital Intensity Improving
10 April 2014 sendspace.com
Faroe Petroleum (FPM.L)
Promising news at Pil
10 April 2014 sendspace.com
Gazprom (GAZP.MM)
Ukraine hints at transit shutdown; Raising dividend expectations
9 April 2014 ¦ 10 pages ir.citi.com
Green Dragon Gas (GDG.L / GDG LN)
Truly transformational
11 April 2014 sendspace.com
Phillips 66 (PSX)
Delivering Assertive Logistics Expansion
11 April 2014 sendspace.com
Range Resources (RRC)
Unlocking Utica Potential in SW PA
10 April 2014 sendspace.com
Seadrill (SDRL)
Greed Is Not Always Good; DOWNGRADING to NEUTRAL (from Outperform); Lowering Target Price to $30 (from $40)
G. Lewis, 11 April 2014 sendspace.com
We are downgrading SDRL to Neutral (from OP) and lowering our TP to $30 (from $40). SDRL has a lot of wood to chop contracting and paying for newbuild rigs and managing hefty debt repayments under a backdrop of softening dayrates. SDRL got a bit greedy - misjudging the market and now has 5 newbuild drillships, 2 newbuild semis, and 8 newbuild jackups all without contracts. Also, we believe SDRL is actively marketing newbuilds resale at a loss.
US EIA Petroleum Statistics
US Crude Stocks Build As Imports Soar; Cushing Builds But It
Could Be Temporary; Sharp Gasoline Draws Continue
9 April 2014 ¦ 27 pages ir.citi.com
European Oilfield Services
EPC reporting - mixed bag
11 April 2014 sendspace.com
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OT: SMID Spotlight Conference Call
SMID Spotlight Conference Call Slides:
Outlook & Ideas Call For April 11th, 2014 sendspace.com
The Darlings Of SMID Cap: Most Highly Owned R2500
Stocks By SMID Funds & Other Screens For 4Q13 sendspace.com
The Darlings Of Small Cap: Most Highly Owned R2000
Stocks By Small Cap Funds & Other Screens For 4Q13 sendspace.com
The Darlings of Mid Cap: Most Highly Owned RMid Stocks
By Mid Cap Funds & Other Screens for 4Q13 sendspace.com |
