Energy company $NBL reported net loss of $283MM or $0.67 per diluted share on revenue of $801MM in 3Q15. Excluding the impact of certain items, 3Q15 adjusted loss was $90MM, or $0.21 per diluted share, including the tax expense of $8MM.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?
$KSU expects its export business from the US to grow faster than its import business back into the US. The company was up 8% on cross-border business for 4Q16. $KSU said that it has not changed the outlook for 2017 on the automotive growth and still feels very comfortable.
$KSU reported that overall headcount was down 1% for 4Q16. The company expects 2017 capital spending to reduce by approx. $30MM from $584MM in 2016 to a range of $550-560MM in 2017. The company does not currently have plans to purchase locomotives in 2017.
$HAL signed a contract with Shell Iraq Petroleum Development to provide drilling services for sustained production at Shell's Majnoon Oil Field in Southern Iraq. Under the contract, $HAL will mobilize three rigs to drill development wells and carry out work over activities over the next 2 years.
$KSU said that the US refiners exporting fuel into Mexico continues to gain momentum. The company expects this to drive higher shipments of refined products beginning in 2017. $KSU added that its operating performance was not up to its expectations and it saw a deterioration in a terminal dwelled during 4Q16.