News Feed Item

Financial Results and Certified Oil Reserves Updates - Analyst Notes on Concho, MarkWest Energy, Petrobras, Whiting, and BPZ

Editor Note: For more information about this release, please scroll to bottom.

NEW YORK, March 7, 2014 /PRNewswire/ --

Today, Analysts Review released its analysts' notes regarding Concho Resources Inc. (NYSE: CXO), MarkWest Energy Partners LP (NYSE: MWE), Petroleo Brasileiro SA (NYSE: PBR), Whiting Petroleum Corporation (NYSE: WLL), and BPZ Resources, Inc. (NYSE: BPZ). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register


Concho Resources Inc. Analyst Notes

On February 19, 2014, Concho Resources Inc. (Concho) reported its Q4 2013 and full-year 2013 financial results. In Q4 2013, the Company's total operating revenues of $632.1 million increased 32.4% YoY, while in full-year 2013 Concho's total operating revenues of $2.3 billion increased 27.5% YoY. Q4 2013 net income was $105.8 million, or $1.01 per diluted share, compared to $75.3 million, or $0.72 per diluted share, in Q4 2012. Full-year 2013 net income was $251.0 million, or $2.39 per diluted share, compared to $431.7 million, or $4.15 per diluted share, in full-year 2012. "Concho delivered substantial crude oil growth during 2013 while building the largest horizontal development program in the Permian Basin. As we enter the first year of our acceleration plan to double production by year-end 2016, we have significant momentum and opportunity to continue our track record of solid execution and growth," said Tim Leach, Chairman, CEO and President of Concho. The full analyst notes on Concho Resources Inc. are available to download free of charge at:



MarkWest Energy Partners LP Analyst Notes

On February 26, 2014, MarkWest Energy Partners LP (MarkWest Energy) reported its Q4 2013 and full-year 2013 financial results. In Q4 2013, the Company's total revenue increased 22.9% YoY to $453.5 million, while in full-year 2013 MarkWest Energy's total revenue of $1.7 billion increased 15.5% YoY. Q4 2013 net loss attributable to MarkWest Energy's unitholders was $6.6 million, or $0.05 loss per diluted share, compared to net income attributable to MarkWest Energy's unitholders of $31.8 million, or $0.22 per diluted share, in Q4 2012. Full-year 2013 net income attributable to the Company's unitholders was $38.1 million, or $0.24 per diluted share, compared to $220.4 million, or $1.69 per diluted share, in full-year 2012. The full analyst notes on MarkWest Energy Partners LP are available to download free of charge at:



Petroleo Brasileiro SA Analyst Notes

On February 26, 2014, Petroleo Brasileiro SA (Petrobras) reported its Q4 2013 and full-year 2013 financial results. The Company reported consolidated net income attributable to the shareholders of Petrobras of BRL23.6 billion, up 11.3% YoY during full-year 2013. The Company notified that the increase in net income was due to 20% price increase in diesel and 11% price increase in gasoline, as well as increased production of oil products, cost optimization, gains from the sale of assets, lower write-offs for dry wells, as lower foreign exchange impact due to hedge accounting. Meanwhile, Petrobras' Q4 2013 consolidated net income attributable to the shareholders was up 85.0% QoQ to BRL6.3 million, reflecting higher oil export volumes, lower dry well write-offs, gains from sale of the interest in block BC-10, and tax benefits from provision of interest on own capital. The full analyst notes on Petroleo Brasileiro SA are available to download free of charge at:



Whiting Petroleum Corporation Analyst Notes

On February 26, 2014, Whiting Petroleum Corporation (Whiting) reported its Q4 2013 and full-year 2013 financial results. In Q4 2013, the Company reported total revenues and other income of $720.5 million, up 24.8% YoY, while full-year 2013 total revenues and other income were $2.8 billion, up 30.1% YoY. Q4 2013 net loss available to common shareholders was $59.3 million, or $0.50 loss per diluted share, compared to net income available to common shareholders of $81.4 million, or $0.69 per diluted share in Q4 2012. Full-year 2013 net income available to common shareholders was $365.5 million, or $3.06 per diluted share, compared to $413.1 million, or $3.48 per diluted share, in full year 2012. The full analyst notes on Whiting Petroleum Corporation are available to download free of charge at:



BPZ Resources, Inc. Analyst Notes

On February 27, 2014, BPZ Resources, Inc. (BPZ) announced its full-year 2013 certified oil reserves. The Company informed that its full-year 2013 total proved crude oil reserves covering the Corvina and Albacora fields were 16.1 million barrels of oil (Mmbo), relatively flat compared to full-year 2012. "With two drilling rigs working offshore we continue our efforts to increase oil production at the Corvina and Albacora oil fields. The two new gross development oil wells completed late last year increased our certified PDP reserves by approximately 90%, and this year we expect to do even better. Having completed the Corvina CX15-2D last month and with results for the Albacora 19D and Corvina CX15-3D wells expected in March and April, respectively, we are on schedule this year to drill at least eight of the 21 certified gross PUD location," said Manolo Zuñiga, President and CEO of BPZ. The full analyst notes on BPZ Resources, Inc. are available to download free of charge at:



About Analysts Review
We provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Analysts Review comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.




  • This is not company news. We are an independent source and our views do not reflect the companies mentioned.
  • Information in this release is fact checked and produced on a best efforts basis and reviewed by Nidhi Vatsal, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
  • This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
  • If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] AnalystsReview.com.
  • For any urgent concerns or inquiries, please contact us at compliance [at] AnalystsReview.com.
  • Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] AnalystsReview.com for consideration.


Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review. An outsourced research services provider represented by Nidhi Vatsal, CFA, has only reviewed the information provided by Analysts Review in this article or report according to the Procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.


Analysts Review makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.


Analysts Review is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Analysts Review whatsoever for any direct, indirect or consequential loss arising from the use of this document. Analysts Review expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Analysts Review does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.


SOURCE Analysts Review

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"Avere Systems deals with data performance optimization in the cloud or on-premise. Even to this day many organizations struggle with what we call the problem of data gravity - 'Where should I put the data?' - because the data dictates ultimately where the jobs are going to run," explained Scott Jeschonek, Director Cloud Solutions at Avere Systems, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
If a machine can invent, does this mean the end of the patent system as we know it? The patent system, both in the US and Europe, allows companies to protect their inventions and helps foster innovation. However, Artificial Intelligence (AI) could be set to disrupt the patent system as we know it. This talk will examine how AI may change the patent landscape in the years to come. Furthermore, ways in which companies can best protect their AI related inventions will be examined from both a US and...
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
DXWorldEXPO LLC, the producer of the world's most influential technology conferences and trade shows has announced the 22nd International CloudEXPO | DXWorldEXPO "Early Bird Registration" is now open. Register for Full Conference "Gold Pass" ▸ Here (Expo Hall ▸ Here)
For years the world's most security-focused and distributed organizations - banks, military/defense agencies, global enterprises - have sought to adopt cloud technologies that can reduce costs, future-proof against data growth, and improve user productivity. The challenges of cloud transformation for these kinds of secure organizations have centered around data security, migration from legacy systems, and performance. In our presentation, we will discuss the notion that cloud computing, properl...
They say multi-cloud is coming, but organizations are leveraging multiple clouds already. According to a study by 451 Research, only 21% of organizations were using a single cloud. If you've found yourself unprepared for the barrage of cloud services introduced in your organization, you will need to change your approach to engaging with the business and engaging with vendors. Look at technologies that are on the way and work with the internal players involved to have a plan in place when the ine...
"We began as LinuxAcademy.com about five years ago as a very small outfit. Since then we've transitioned into more of a DevOps training company - the technologies and the tooling around DevOps," explained Doug Vanderweide, an instructor at Linux Academy, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes how...
CloudEXPO New York 2018, colocated with DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
DevOps with IBMz? You heard right. Maybe you're wondering what a developer can do to speed up the entire development cycle--coding, testing, source code management, and deployment-? In this session you will learn about how to integrate z application assets into a DevOps pipeline using familiar tools like Jenkins and UrbanCode Deploy, plus z/OSMF workflows, all of which can increase deployment speeds while simultaneously improving reliability. You will also learn how to provision mainframe syste...
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time t...
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. Digital Transformation (DX) is a major focus with the introduction of DXWorldEXPO within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term.
The technologies behind big data and cloud computing are converging quickly, offering businesses new capabilities for fast, easy, wide-ranging access to data. However, to capitalize on the cost-efficiencies and time-to-value opportunities of analytics in the cloud, big data and cloud technologies must be integrated and managed properly. Pythian's Director of Big Data and Data Science, Danil Zburivsky will explore: The main technology components and best practices being deployed to take advantage...
Organizations planning enterprise data center consolidation and modernization projects are faced with a challenging, costly reality. Requirements to deploy modern, cloud-native applications simultaneously with traditional client/server applications are almost impossible to achieve with hardware-centric enterprise infrastructure. Compute and network infrastructure are fast moving down a software-defined path, but storage has been a laggard. Until now.