Bulls are back! Stock soar ahead of big tech earnings and better than expected GDP growth for the US. U.S. gross domestic product for the third quarter expanded at a 33.1% annualized pace, its fastest growth ever. The reading came after a 31.4% plunge in the second quarter and was better than the 32% estimate from economists surveyed by Dow Jones. • S&P 500: 2.01% • Nasdaq: 2.24% • Dow Jones: 0.69% Shares of Amazon and Apple were up by 1.4% and 3.2%, respectively. Alphabet traded 3.1% higher and Facebook popped 5%. All four companies are set to report earnings after the bell Thursday. Oil and Gas News Today Earnings season in earnest helps hold off massive loses, but crude oil prices still down over 2.5%, settling at $36.55. Natural gas prices climb HUGE after smaller than expected build (+29 bcf) ,North American Shale News • CNX earnings, reports loss • OVV earnings, reports loss • QEP earnings • ExxonMobil cuts 1,900 jobs in Houston • COP loses $300 million in Q3 International • DOE Coal FIRST Initiative • Shell Q3 earnings…

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We also have QEP. They're up six and a half percentage points off earnings. Really, the big thing to realize, the big thing to realize they're thinking one hundred and seventy million dollar tax refund or what's called the eight, an alternative minimum tax credit refund, which also included five point six million dollars of interest that they paid. That basically when you overpay taxes and they forget about it by that much, the government owes you interest. Now, all of a sudden, I know that that's a place you want to be in as a couple when the IRS owes you interest, you know, I don't know if this is a good or bad move for their CEO. I don't know if this is a good or bad thing. If you're the CFO, you been overpaying taxes for a couple of years. They get it back with some interest. There you go. That that ended up provoked. You know, they hit a three hundred and twenty nine million of net cash provided from operating to be, you know, it's non gap. But they did do about one hundred million of what I would call legitimate free cash flow



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