QUOTE AND NEWS
TheStreet.com  3 hrs ago  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum Corp. are higher by 3.72% to $39.36 in late morning trading on Monday, as the price of oil continues to rally after OPEC reduced its estimates on the growth of supplies of non-OPEC oil and...
TheStreet.com  Feb 5  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum  spiked 5.61% to $37.10 in morning trading Thursday as oil prices recovered following Wednesday's sharp declines. WTI crude was up 3.72% to $50.25 at 10:05 a.m., while Brent crude was up...
TheStreet.com  Feb 4  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum Corp. are lower by 2.34% to $36.36 in late morning trading on Wednesday, as some stocks related to the oil and energy sectors decline along with the price of the commodity. Crude prices (WTI)...
Motley Fool  Feb 3  Comment 
Rallying oil prices isn't the only thing fueling Whiting Petroleum Corp’s stock today.
Forbes  Feb 3  Comment 
In trading on Tuesday, the iShares MSCI USA Value Factor ETF (VLUE) is outperforming other ETFs, up about 2.9% on the day.  Components of that ETF showing particular strength include shares of Whiting Petroleum (WLL), up about 10.4% and shares of...
Market Intelligence Center  Feb 3  Comment 
Whiting Petroleum (WLL) is a good candidate for a covered call at the $31.00 level. The Jun. '15 call at that price should fetch a credit of about $5.30, which means the entire position has a net debit of about $27.73. This trade has 12.81%...
TheStreet.com  Feb 2  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum Corp. are up 6.33% to $31.92 today as oil prices climbed on Monday, adding to Friday's powerful rally. But traders said gains were capped by an estimate of another strong weekly build in U.S....
TheStreet.com  Jan 30  Comment 
NEW YORK (TheStreet) -- Shares of Whiting Petroleum gained 7.8% to close at $29.93 Friday as oil prices rose. WTI crude oil for March delivery was gaining 7.1% to $47.71 a barrel Friday afternoon, and Brent crude oil for March delivery was...
TheStreet.com  Jan 29  Comment 
NEW YORK (TheStreet) -- Shares of oil exploration company Whiting Petroleum  fell 4.58% to $26.64 in morning trading Thursday as oil prices continued to decline. WTI crude was down 1.64% to $43.72 as of 11:14 a.m., while Brent crude rose...
Benzinga  Jan 29  Comment 
Jim Cramer spoke on CNBC's Mad Money about Whole Foods Market, Inc. (NASDAQ: WFM). He thinks that the stock managed to recover because it has lower prices and the company is doing remodeling. The management is focused on beating the competition....




 
TOP CONTRIBUTORS

Whiting Petroleum Corporation (NYSE: WLL) is an independent oil & gas company that produces oil and natural gas throughout the United States.

Company Overview

Whiting Petroleum's growth plan is based on an oil and gas portfolio with low risk, long-lived projects that provide steady cash flows. [1] It acquires properties in the United States for future development and also sells them along with oil and gas reserves to contribute to its cash flow.

Business & Financial Metrics[2]

In 2009, WLL incurred a net loss of $106.9 million on total revenues of $979.4 million. This represents a turnaround from 2008, when the company generated a net income of $252.1 million on revenues of $1.32 billion.

Business Segments[3]

Whiting operates through a single business segment. The majority of the company's drilling and exploration is done in the Rocky Mountains.

IMAGE:WLL-Geo2009.jpg[3]

Trends & Forces

Whiting is a Player in the Enormous Bakken Shale Formation

In North Dakota in the Rocky Mountain Region, Whiting has 83,033 net acres[4] in the enormous Bakken Shale Formation; the U.S. Geological Survey estimates there are upwards of 400 billion barrels[5] of recoverable oil there - an amount that is sufficient to meet US oil needs for 20 years.[6] Stretching across parts of North Dakota, Montana, and Southern Saskatchewan[6], better technology and techniques such as horizontal drilling are giving way to the development of the full Bakken Formation; higher oil prices also make drilling there more economical.

Competition

Whiting Petroleum competes with several other companies in many of the same fields and regions to produce and acquire gas and oil. Four main competitors include:

References

  1. WLL 10-K 2007, "Overview", Page 6
  2. WLL 2009 10-K pg. 43  
  3. 3.0 3.1 WLL 2009 10-K pg. 57  
  4. 6.0 6.1
  5. CLR 10-K 2007, "General", Page 1
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki