Pioneer Natural Resources Company (PXD) reported its third quarter results of 2 cents per share, well below than the Zacks Consensus Estimate of 6 cents and year-earlier quarter earnings of 91 cents. Before adjusting one-time items, loss per share was 6 cents.  Despite the increased production volumes and lower production expenses, earnings were down due primarily to weak realized prices. Revenue for the quarter was $410.1 million, down nearly 32% from the year-earlier level.  Total production for the quarter averaged approximately 113 thousand barrels oil equivalent per day (MBOE/d), up 2% year over year, reflecting the strong performance of Pioneer’s low-decline assets. Oil production averaged at 31.7 thousand barrels per day (MBbl/d), up approximately 7% year over year. Natural gas liquids production slightly decreased to 18.6 MBbl/d. Natural gas production also modestly increased to 374.2 MMcf/d.  On an oil equivalent basis, average realized price was ...

Nabors Industries Ltd. (NBR) – North America’s largest onshore oil and natural gas driller – yesterday reported marginally weaker-than-expected third quarter results on the back of lower rig demand, as producers continued to scale back operations in the midst of falling commodity prices. Earnings per share, excluding non-cash items, came in at 15 cents, missing the Zacks Consensus Estimate by a penny.   Revenue & Profitability   Compared to the third quarter of 2008, Nabors’ adjusted earnings per share declined 77.6% (from 67 cents to 15 cents) due to persistent weakness in its North American gas-centric businesses combined with less robust international results. Revenues were down 44.2% to $804 million as sales declined in all of the company’s segments.   Nabors’ main operating segment is ‘Contract Drilling’, which accounts for bulk of the company’s revenues and operating earnings. Its operations are spread across 6 sub-segments: U.S. Lower 48 ...

Constellation Brands Inc. (STZ), the world’s leading wine company, has signed a multiyear distribution agreement with Young’s Market Co. and its affiliates (Young’s) as the company’s exclusive distributor in Alaska, Washington and Oregon. Young’s, a recognized market leader in the Pacific Northwest, already has a longstanding business relationship with Constellation. With more than 1 million cases sold annually, Constellation is currently Young’s largest supplier in volume in the Pacific Northwest.

The company has recently signed a multi-year agreement with distributors to consolidate its network in the U.S. for better sales efforts. The main objectives of this realignment are improving organic growth, creating distributor teams focused exclusively on Constellation’s portfolio, and improving the coordination of marketing and promotional programs to support the brands.  Constellation is also in the process of rolling out an enhanced incentive structure for the distributors to drive organic growth.

This agreement is therefore, a part of the

...

Dr Stock Pick HOT News & Alerts!

_______________________________________

FREE Daily Stock Alerts From DrStockPick.com

_______________________________________

Thursday October 8, 2009

DrStockPick.com Stock Report!

**************************************************************

SIRIUS XM Radio (Nasdaq: SIRI) today announced that OutQ, the nation’s first and only 24/7 radio channel dedicated to the LGBT community, will broadcast extensive coverage of the National Equality March in Washington, DC this weekend including live coverage of President Obama’s keynote address at the Human Rights Campaign National Dinner on October 10. The Equality March is an event organized to fight for equal protection for LGBT people in all matters governed by civil law in all 50 states.

...

In our history, the American nation committed obvious sins against select groups of people, and we’ve paid bitterly for some of that. But now it’s our sins against the land itself that threaten to sink the USA as a viable enterprise.

It’s odd, that in his otherwise excellent blow-by-blow account (”Eight Days,” in the Sept 21 New Yorker Magazine) of the September 2008 Wall Street meltdown that left Lehman dead, and AIG croaking in a ditch, and the banking system in general functionally crippled, reporter James B. Stewart never got around to really describing the cause of it all — namely, the on-the-ground material catastrophe of American suburbia.

It was the worthlessness of the tradable securitized debt associated with all those overpriced (and overvalued) chipboard and vinyl houses, smeared recklessly over the American landscape, that started all the trouble in the first place. And it is our inability to come to

...

General Environmental Management Inc. is an integrated environmental services company which offers clients a variety of environmental and waste-related services. Among the services offered by the company are enviroconstruction and brownfield reclamation services.

The company has had great success in “recycling” brownfield sites and turning them back into useful real estate. General Environmental’s expertise is exemplified by the successful demolition of a Southern California locomotive chrome plating facility which was located near an elementary school and the large-scale contaminated soil removal and barge transport projects in the Aleutian Islands off Alaska.

The company’s experience in the enviroconstruction area is pertinent because undertaking any construction activities associated with contaminated soils, or industrial sites where hazardous materials were used, is very difficult from both a technical and regulatory standpoint. Any company doing such work must plan and monitor the work so

...

TODAY: US to modify or jettison missile defense plans? NATO chief to meet with Russian envoy; Lukaschenko sends out mixed messages.  South Ossetia denies book burning; think tank leader says Putin could be heading for Brehznev-style decades in power; Medvedev finds inspiration on blogosphere.The Wall Street Journal reports that the White House may abandon the Bush-era missile defense plans which have caused consternation in Russia.  AP sources quoted on the Washington Post suggest a compromise measure, tempered to Russian concerns.  RFE/RL has an entertaining list of the 'dissidents' President Medvedev might like to meet on his upcoming US trip.  NATO Secretary General Anders Fogh Rasmussen and Russian envoy to the alliance Dmitry Rogozin will hold an ...

The commodities markets have been kicked into high gear. As America’s lenders change their mind, the world’s mining companies are on a surefire path to riches.

If you can’t farm it, you have to mine it. It is a great message, no matter if you are an investor or an out-of-work cowboy.

Riding through the streets of Alaska’s ever-wet capital, you see all sorts of bumper stickers. There are three main categories – fishing, mining and Sarah Palin.

It is the miners getting all of the attention this week.

There are several reasons the world’s mining industry is opening a big ‘ole bottle of bubbly, but none more poignant than the fact that America is shelling out debt faster than a hot-rod blackjack dealer unloading his deck.

As Uncle Sam goes “all in,” the folks paying for Washington’s lavish lifestyle are getting nervous. For proof, I need just one set of numbers.

In July, foreign

...

BP: British Petroleum. Big Profits

by Tony Daltorio, the Investment U Research Team

Not too long ago, seven major oil companies – commonly referred to as the Seven Sisters – controlled their market.

But that was then and this is now. Today, they’re scrambling to find new oil fields, while “smaller” companies rock the industry.

That’s why there’s been so much excitement over the recent discovery of a ‘giant’ oil field in the Gulf of Mexico by one of the Seven Sisters, British Petroleum ADR (NYSE: BP).

When international oil companies consider where to invest, they typically have to choose between technically straightforward fields in politically turbulent countries, or politically stable areas that require complex and costly production techniques.

Easily produced, accessible energy resources in secure countries just don’t exist anymore; the era of cheap oil is truly over.

But BP has a long history

...

General Environmental Management Inc. is an integrated environmental services firm which provides enviroconstruction services, transportation, on-site field services and off-site treatment for both hazardous and non-hazardous materials for a variety of public and private entities.

One of the sectors that General Environmental provides services is in the area of enviroconstruction and brownfield support services. The company can “recycle” brownfield properties with environmental liabilities and turn them into useful real estate assets again. Construction activities that are to be carried out in areas with contaminated soils or in areas with industrial facilities where hazardous materials were used are extremely tricky.

Working in such brownfield areas requires a unique blend of specialized construction experience. This includes comprehensive understanding of complex technical and regulatory requirements associated with hazardous waste management, treatment, transportation and disposal. It also requires a large amount of planning, training and monitoring

...