Welcome!

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:

http://www.AnalystsReview.com/03052014/CXO/report.pdf

--

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:

http://www.AnalystsReview.com/03052014/MWE/report.pdf

--

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:

http://www.AnalystsReview.com/03052014/PBR/report.pdf

--

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:

http://www.AnalystsReview.com/03052014/WLL/report.pdf

--

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:

http://www.AnalystsReview.com/03052014/BPZ/report.pdf

--


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.


--

=============

EDITOR NOTES:

  • 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.

COMPLIANCE PROCEDURE

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.

NOT FINANCIAL ADVICE

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.

NO WARRANTY OR LIABILITY ASSUMED

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.

AnalystsReview.com

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
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
Up until last year, enterprises that were looking into cloud services usually undertook a long-term pilot with one of the large cloud providers, running test and dev workloads in the cloud. With cloud’s transition to mainstream adoption in 2015, and with enterprises migrating more and more workloads into the cloud and in between public and private environments, the single-provider approach must be revisited. In his session at 18th Cloud Expo, Yoav Mor, multi-cloud solution evangelist at Cloudy...
When you focus on a journey from up-close, you look at your own technical and cultural history and how you changed it for the benefit of the customer. This was our starting point: too many integration issues, 13 SWP days and very long cycles. It was evident that in this fast-paced industry we could no longer afford this reality. We needed something that would take us beyond reducing the development lifecycles, CI and Agile methodologies. We made a fundamental difference, even changed our culture...
The proper isolation of resources is essential for multi-tenant environments. The traditional approach to isolate resources is, however, rather heavyweight. In his session at 18th Cloud Expo, Igor Drobiazko, co-founder of elastic.io, drew upon his own experience with operating a Docker container-based infrastructure on a large scale and present a lightweight solution for resource isolation using microservices. He also discussed the implementation of microservices in data and application integrat...
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and containers together help companies achieve their business goals faster and more effectively. In his session at DevOps Summit, Ruslan Synytsky, CEO and Co-founder of Jelastic, reviewed the current landscape of Dev...
In his General Session at DevOps Summit, Asaf Yigal, Co-Founder & VP of Product at Logz.io, will explore the value of Kibana 4 for log analysis and will give a real live, hands-on tutorial on how to set up Kibana 4 and get the most out of Apache log files. He will examine three use cases: IT operations, business intelligence, and security and compliance. This is a hands-on session that will require participants to bring their own laptops, and we will provide the rest.
IoT is at the core or many Digital Transformation initiatives with the goal of re-inventing a company's business model. We all agree that collecting relevant IoT data will result in massive amounts of data needing to be stored. However, with the rapid development of IoT devices and ongoing business model transformation, we are not able to predict the volume and growth of IoT data. And with the lack of IoT history, traditional methods of IT and infrastructure planning based on the past do not app...
"LinearHub provides smart video conferencing, which is the Roundee service, and we archive all the video conferences and we also provide the transcript," stated Sunghyuk Kim, CEO of LinearHub, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"We're bringing out a new application monitoring system to the DevOps space. It manages large enterprise applications that are distributed throughout a node in many enterprises and we manage them as one collective," explained Kevin Barnes, President of eCube Systems, in this SYS-CON.tv interview at DevOps at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo 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 to wait for long developm...
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
Updating DevOps to the latest production data slows down your development cycle. Probably it is due to slow, inefficient conventional storage and associated copy data management practices. In his session at @DevOpsSummit at 20th Cloud Expo, Dhiraj Sehgal, in Product and Solution at Tintri, will talk about DevOps and cloud-focused storage to update hundreds of child VMs (different flavors) with updates from a master VM in minutes, saving hours or even days in each development cycle. He will also...
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...