Whiting Petroleum

Tyler Durden's picture

Frontrunning: July 31





  • Moscow fights back after sanctions; battle rages near Ukraine crash site (Reuters)
  • On Hold: Merkel Gives Putin a Blunt Message (WSJ)
  • Argentina’s Default Clock Runs Out as Debt Talks Collapse (BBG)
  • Argentina braces for market reaction to second default in 12 years (Reuters)
  • Banco Espirito Santo Plunges After Posting 3.6 Billion-Euro Loss (BBG)
  • Adidas Plunges After Cutting Forecast on Russia, Golf (BBG)
  • GOP Says Lerner Emails Show Bias Against Conservatives (WSJ)
  • Londoners Cashing in Flee to Suburbs as Home Rally Wanes (BBG)
  • BNP Paribas Reports Record $5.79 Billion Quarterly Loss (WSJ)
  • Swiss Banks Send U.S. Client Data Before Cascade of Settlements (BBG)
  • Putin Sows Doubt Among Stock Bears Burned by 29% Rebound (BBG)
 
Tyler Durden's picture

Frontrunning: July 14





  • Secret Path Revealed for Chinese Billions Overseas (BBG)
  • Traders Flood U.S. With $3.4 Trillion of Bond-Auction Demand (BBG)
  • Just in time to cover bad earnings in a massive $3.8 billion "one-time charge": Citi says to pay $7 billion to settle securities investigation (Reuters)
  • Troubled Epirito Santo family loosens grip on Portugal's BES (Reuters)
  • BES puts in place new executives after central bank push (Reuters)
  • Bank of China-CCTV drama may reveal power struggle in Beijing (SCMP)
  • Portugal speeds up Banco Espírito Santo management changes (FT)
  • Dark pool probe builds pressure on Barclays boss (Reuters)
  • Russia Vows to Respond After Shelling From Ukraine (BBG)
  • Ukraine forces end rebel airport blockade (Reuters)
  • Obama Contends With Arc of Instability Unseen Since '70s (WSJ)
 
Tyler Durden's picture

Frontrunning: May 16





  • Bank of England sees 'no housing bubble' (Independent)
  • ‘If the euro falls, Europe falls’ (FT)
  • India's pro-business Modi storms to historic election win (Reuters)
  • Global Growth Worries Climb (WSJ)
  • Bitcoin Foundation hit by resignations over new director (Reuters)
  • Blackstone Goes All In After the Flop (WSJ)
  • SAC's Steinberg loses bid for insider trading acquittal (Reuters)
  • Beats Satan: Republicans Paint Reid as Bogeyman in 2014 Senate Races (BBG)
  • Tech Firms, Small Startups Object to Paying for Internet 'Fast Lanes' (WSJ) - but they just provide liquidity
  • U.S. Warns Russia of Sanctions as Ukraine Troops Advance (BBG)
  • Major U.S. hedge funds sold 'momentum' Internet names in first-quarter (Reuters)
 
Tyler Durden's picture

Frontrunning: May 1





  • Two-Thirds of Insurance Exchange Enrollees Paid Premiums (WSJ)
  • Panic: Criminal Charges Against Banks Risk Sparking Crisis (BBG)
  • Did the junk bubble pop: Junk Loans Pulled as Investors Say No After Fed Raises Concerns (BBG)
  • CME mulls price fluctuation limits for gold, silver futures (Reuters)
  • AT&T Has Approached DirecTV About Possible Acquisition (WSJ)
  • NBA sets wheels turning for Clippers sale; Oprah in wings (Reuters)
  • One way to fix prison overcrowding: Florida Jail Hit by Deadly Blast (WSJ)
  • New Boeing jets hold key to more than half of future sales (Reuters)
  • Sony slashes profit estimate by 70% (Guardian)
 
Tyler Durden's picture

Frontrunning: September 24





  • Iran Icebreaker Set at U.N.  (WSJ)
  • Chrysler Feud Triggers IPO Filing  (WSJ)
  • JPMorgan Chase, 12 More Banks Said to Be Sued Over Libor (BBG)
  • Regulator sues Morgan Stanley, eight others over faulty securities (Reuters)
  • Monte Paschi Seen Boosting Cost Goals to Meet EU Demands (BBG)
  • Here we go again - "not enough funds": CFTC chair Gary Gensler warns on fund cuts to police derivatives (FT)
  • Congress Fuels Private Jails Detaining 34,000 Immigrants (BBG)
  • KKR, Sycamore looking to buy Jones Group this week (NYPost) - take with lots of salt
  • Fiat rethinks alliance with Chrysler after IPO filing (Reuters)
  • Young Invincibles Caught in Crossfire Over Obamacare Cost (BBG)
  • Mayfair Office Squeeze Spawns New London Real Estate Hubs (BBG)
 
Tyler Durden's picture

Frontrunning: May 24





  • The deeper agenda behind "Abenomics" (Reuters)
  • BoJ governor Haruhiko Kuroda promises to stabilise bond market (FT)
  • Obama Sees Sunset on Sept. 11 War Powers in Drone Limits (BBG)
  • Lower CPMs for everyone: FTC Begins Probe of Google's Display-Ad Business (WSJ)
  • Apple’s Tax Magic Leaves Irish Bondholders Unmoved (BBG)
  • Asia Goes on a Debt Binge as Much of World Sobers Up (WSJ)
  • All hail Gazpromia: UK gas supply six hours from running out in March (FT)
  • Spain’s banks face €10bn more provisions (FT) ... and then more, and more, and more
  • Truck strike may have caused Washington state bridge collapse, officials says (Reuters)
  • P&G Says A.G. Lafley Rejoins as Chairman, CEO (BBG)
  • Five Key Things About the SAC Insider Case (BBG)
 
Tyler Durden's picture

Frontrunning: April 8





  • Finally the MSM catches up to reality: Workers Stuck in Disability Stunt Economic Recovery (WSJ)
  • China opens Aussie dollar direct trading (FT)
  • National Bank and Eurobank Fall as Merger Halted (BBG)
  • Why Making Europe German Won’t Fix the Crisis - The Bulgarian case study (BBG)
  • Nikkei hits new highs as yen slides (FT)
  • Housing Prices Are on a Tear, Thanks to the Fed (WSJ)
  • Why is Moody's exempt from justice, or the "Big Question in U.S. vs. S&P" (WSJ)
  • Central banks move into riskier assets (FT)
  • N. Korea May Conduct Joint Missile-Nuclear Tests, South Says (BBG)
  • North Korea Pulls Workers From Factories It Runs With South (NYT)
  • Illinois pension fix faces political, legal hurdles (Reuters)
  • IPO Bankers Become Frogs in Hot Water Amid China Market Halt (BBG)
  • Portugal Seeks New Cuts to Stay on Course (WSJ)
 
Tyler Durden's picture

Frontrunning: February 28





  • Grillo kills move to break Italy deadlock (FT)
  • Abe nominates Kuroda to run BoJ (FT)
  • More WMT bad news: Wal-Mart Chief Administrative Officer Mars to Leave: WSJ (BBG)
  • Japan's Abe: Islands Are Indisputably Ours (WSJ) - Except for China of course
  • Low-key departure as pope steps down, to enter the final phase of his life "hidden from the world" (Reuters)
  • Cuts unlikely to deliver promised budget savings (Reuters)
  • European Union caps bankers’ bonuses (FT)
  • White House, Republicans dig in ahead of budget talks (Reuters)
  • Jockeying Stalls Deal on Cuts (WSJ)
  • Argentina Says It Won’t Voluntarily Comply With Bond Ruling (BBG)
  • Italian president says forming new government cannot be rushed (Reuters) - or happen at all
  • Central Banks Spewing Cash Must Plan Exit Timing, Rohde Says (BBG)
  • China Regional Targets Cut in Sign Debt Concerns Heeded (BBG)
  • RBA Says Up to 34 Central Banks Holding Australian Dollars (BBG)
 
Tyler Durden's picture

Frontrunning: December 5





  • LA port workers to return Wednesday (AP)
  • Iran says extracts data from U.S. spy drone (Reuters)
  • Obama to stress need to raise debt limit "without drama" (Reuters)
  • Big Lots Chief Probed by SEC (WSJ)
  • NATO missiles to be sent to Turkey, Syria clashes rage (Reuters)
  • GOP Deficit Plan Irks Conservatives (WSJ)
  • Japan Can End Deflation in Months, Shirakawa Professor Says (BBG) ... almost as good as Bernanke ending inflation in 15 minutes.
  • Osborne Prepares to Breach Fiscal Rules Amid U.K. Growth Slump (BBG)
  • Global Banking Under Siege as Regulators Guard National Interest (BBG)
  • Freeport plans return to energy (FT)
  • Serbian NATO envoy jumps to death at Brussels airport (Reuters)
  • Tide Turns After a Flood of Chinese Listings (WSJ)
  • Australian economy loses steam (FT)
  • Euro Crisis Feeds Corruption as Greece Slides in Rankings (BBG)
 
Tyler Durden's picture

The Danger Of Dyslexic Headline Scanning Algos





Whiting Petroleum just experienced a 'fat-finger' as we are sure Pisani and his ilk will describe it. What clearly happened was the headline/story scraping algos were tripped up by a sentence containing a bullish start and a bearish finish...

Whiting Petroleum Corp. explored selling itself [BULLISH buy buy buy] earlier this year but decided not to proceed after buyers balked over the oil producer’s asking price [BEARISH sell sell sell], according to people familiar with the sale efforts.

By the time the algos had read that first sentence of a WSJ Deal Journal blog post, the stock had pumped-and-dumped over 8% in 250 milliseconds - at which point humans entered the party (and sold). Efficient liquidity providers indeed.

 
Tyler Durden's picture

Frontrunning: October 2





  • RBA Cuts Rate to 3.25% as Mining-Driven Growth Wanes (Reuters)
  • Republicans Not Buying Bernanke’s QE3 Defense (WSJ)
  • Spain ready for bailout, Germany signals "wait" (Reuters)
  • EU says prop trading and investment banking should be separated from deposit taking (Reuters)
  • Call for bank bonuses to be paid in debt (FT)
  • Spanish Banks Need More Capital Than Tests Find, Moody’s Says (Bloomberg) ... as we explained on Friday
  • "Fiscal cliff" to hit 90% of US families (FT)
  • The casualties of Chesapeake's "land grab" across America (Reuters)
  • U.K. Government Needs to Do More to Boost Weak Economy, BCC Says (Bloomberg)
  • World Bank Sees Long Crisis Effect (WSJ)
  • UBS Co-Worker Says He Used Adoboli’s Umbrella Account (Bloomberg)
  • And more easing: South Korea central bank switches tack to encourage growth (Reuters)
 
Tyler Durden's picture

Jeff Saut's Permabullishness Just Cost Raymond James Hundreds Of Thousands In Lost Revenue





Yesterday, with all the grace of a permabull in a China propaganda store (aka CNBC), Rayond James' ever ebullient Jeff Saut tangoed in to tell anyone clueless enough to listen that stocks are cheap. Oh, and to buy some firm nobody had ever heard of before called Tangoe. In explaining what they do, here is what he said: "these people have the greatest and newest software on the planet right now. Who did they sell it to? To institutions like raymond james. We use their ordering and billing software and hopefully switch to their telecommunications software. It's nifty stuff." He also had some great things to say about Whiting Petroleum. So far so good. What Saut did not say is that his employer, Raymond James, for whom he works as chief strategist (which probably means to advise clients to dollar cost average all the way to $0.00) is an underwriter on not just one but both companies' secondary equity offerings in process, and that commenting on their growth prospects in a non-banana republic would be not only prohibited but punished (see quiet period). Well, the people with the "greatest and newest software on the planet" aren't waiting for the SEC to turn off the porncast. As can be seen from the following before and after cover pages of Tangoe's S1, Raymond James has just been fired as of this morning, following Saut's rank amateur commentary yesterday.

 
Tyler Durden's picture

Rating Agency Brilliance in Action Again: Whiting Petroleum Buying Back Bonds





S&P Yesterday had some bad things to say about Whiting Petroleum and cut its outlook on the name. Well, hopefully you are not a manager who buys and sell based on what those rockets scientists have to say (i.e. a mutual fund): today the company announced it is issuing 8 million shares of stock, which incidentally sent the stock plunging by 10%, in order to pay back a portion of its $620 million total in outstanding debt.

 
Syndicate content
Do NOT follow this link or you will be banned from the site!