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Stock Market & Financial Investment News

News Breaks
January 4, 2012
05:30 EDTGDP
theflyonthewall.com: Goodrich Petroleum: preliminary 2012 capital expenditure budget $250M-$275M
The company announced a preliminary capital expenditure budget for 2012 of $250M-$275M, which includes $235M-$260M in drilling and completion expenditures and $15M allocated to leasehold and infrastructure expenses. The company anticipates drilling 49 gross, or 29 net, to 54 gross, or 32 net, wells for the year, with approximately 75% of the anticipated drilling and completion capital expenditures allocated to oil directed activity. Oil directed activity will be concentrated in the Eagle Ford Shale trend with $155M allocated to 29 gross, or 19 net, wells, and the Tuscaloosa Marine Shale trend, with $20M-$45M allocated to 4 gross, or 2 net, to 6 gross, or 4 net, wells. Of its natural gas directed activity, the company anticipates completing 14 gross, or 6 net, non-operated Haynesville Shale wells previously drilled in the core of the play for $35M, along with $25M associated with 2 gross, or 2 net, Angelina River Trend wells. :theflyonthewall.com



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May 22, 2012
08:26 EDTGDP
theflyonthewall.com: BMO Capital hosts an analyst Energy E&P/Industry conference call
Energy E&P update and outlook conference call will be held on May 22 at 11 am. Relevant tickers include NFX, BCEI, KOG, NOG, EQT, RRC, SWN, CHK, GDP, REXX, FST, XCO, KWK.. :theflyonthewall.com

May 21, 2012
10:32 EDTGDP
theflyonthewall.com: Goodrich Petroleum volatility at upper end of three-year range
Goodrich Petroleum June and July call option implied volatility of 75 is above its 26-week average of 65 according to Track Data, suggesting larger price movement. :theflyonthewall.com
10:00 EDTGDP
theflyonthewall.com: Goodrich Petroleum rises 10.6%

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May 15, 2012
08:51 EDTGDP
theflyonthewall.com: Capital One to host a bus trip

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