SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Aardvark Adventures -- Ignore unavailable to you. Want to Upgrade?


To: ST Trader who wrote (6396)4/15/2009 8:17:45 PM
From: ~digs  Respond to of 7944
 
hi scott, i have been watching all of those w/ the exception of ATRO , nice looking bullish engulfer for that stock today.. i will add it to my nano watch, ty

------------
Astronics Corporation, through its subsidiaries, designs and manufactures lighting components and subsystems, as well as electrical power generation, and in-flight control and power distribution systems for the aircraft market. It also provides military test, training, and simulation equipment, as well as commercial aviation safety equipment and airfield lighting systems. The company sells its products worldwide to airframe manufacturers in the commercial transport, business jet, and military markets, as well as to OEM suppliers and aircraft operators. Astronics Corporation was founded in 1968 and is based in East Aurora, New York.



To: ST Trader who wrote (6396)4/28/2009 7:12:43 PM
From: ~digs  Read Replies (1) | Respond to of 7944
 
[after the bell]

Range Resources Corp.'s (RRC) first-quarter net income soared more than 11-fold on noncash hedging gains.



"While our financial results reflect the decline in oil and gas prices, our operating results were strong, reflecting excellent first-quarter drilling results," said Chief Executive John H. Pinkerton.

He added that the oil and gas company's unit-operating and service costs fell, and Range used its capital budget to tie up key leases on attractive terms, especially in the Marcellus Shale area.

The company expects to reduce debt during the rest of the year with lower capital spending and asset sales. Range predicted Marcellus production of 80 million to 100 million of cubic feet equivalent per day by the end of 2009 and double that in 2010.

Oil-and-gas producers, such as Range, have been hurt by the plunge in energy commodity prices as well as lower demand amid the recession. Range is focusing on drilling in the Barnett Shale, Nora Field and Marcellus Shale, which it believes provide attractive rates of return at current prices.

Range reported net income of $32.6 million, or 21 cents a share, up from $1.7 million, or 1 cents a share, a year earlier.

Excluding items, earnings fell to 24 cents a share from 63 cents.

Revenue climbed 35% to $276.4 million.

Analysts' estimates were for per-share earnings of 21 cents on revenue of $252.9 million, according to a poll by Thomson Reuters.

Oil and gas sales fell 34% to $203.2 million.

Production grew 12% to an average of 416 million of cubic feet equivalent per day.

Realized prices fell 31% to an average of $6.62 per thousand cubic feet equivalent. The average gas price fell 30% to $6.47 per per thousand cubic feet, and the average oil price decreased 15% to $59.64 a barrel.

Earlier this month, Range said first-quarter production was higher than expected - it rose sequentially for the 25th straight quarter - though the number of operating rigs was less than half of the prior-year level.

Range's shares were at $41.20, up 0.2%, in after-hours trading. The stock price is up 19% this year.