Current bids too low, will keep marketing
QEP Resources (ticker: QEP) reported second quarter results today, showing a net loss of $336 million, or ($1.42) per share. This loss is due to a $404 million impairment QEP recorded on the sale of its Uinta Basin assets. After adjusting for these and other special items, QEP earned an adjusted $13.8 million in Q2.

Production was up slightly year-over-year, rising from 150.7 MBOEPD to 153.3 MBOEPD. This slight increase masks major changes for QEP, as the company is currently shedding non-core asset...


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