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S&P 500
5,459.10
(
1.11%
)
US TECH 100
18,514.00
(
1.00%
)
Dow Jones
40,589.34
(
1.64%
)
Brent Oil
79.75
(
0.00%
)
Bitcoin
68,383.50
(
0.69%
)
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researcher59

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Re: 2morrowsGains post# 112666

Wednesday, 05/01/2024 5:24:22 PM

Wednesday, May 01, 2024 5:24:22 PM

Post# of 114752
SBOW looks like a strong quarter .... adj EPS of $2.09 beat analyst estimates for $1.58. Free cash flow was strong allowing a pay down of debt. The derivative loss was expected since crude oil prices rose from $72 at year end to $83 on 3/31/24, hence the mark to market writedown of their future period hedging position.

The big wildcard remains oil prices which have been falling recently -

https://oilprice.com/Latest-Energy-News/World-News/Oil-Prices-Plummet-3-on-US-Inventory-Build-Inflation.html
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