Apparently, they are having trouble digesting the pig in a poke Geosouthern sold them.
The financial statements are attached hereto.
OKLAHOMA CITY (AP) _ Devon Energy Corp. (DVN) on Tuesday reported a loss of $3.06 billion in its first quarter.
On a per-share basis, the Oklahoma City-based company said it had a loss of $6.44. Losses, adjusted for asset impairment costs and non-recurring costs, were 53 cents per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 60 cents per share.
The oil and gas exploration company posted revenue of $2.13 billion in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $2.59 billion.
Devon Energy shares have increased slightly more than 2 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 1 percent. In the final minutes of trading on Tuesday, shares hit $32.75, a drop of 53 percent in the last 12 months.
Tags:
Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…
ContinuePosted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40
400 members
150 members
358 members
166 members
9 members
120 members
97 members
34 members
386 members
27 members
© 2025 Created by Keith Mauck (Site Publisher).
Powered by
h2 | h2 | h2 |
---|---|---|
AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
Links |
Copyright © 2017 GoHaynesvilleShale.com