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- Written by Super Harley
- Category: Earnings Reports
Communications-s software company Twilio reported better than expected first-quarter earnings after the market Wednesday that sent the stock soaring over 40% $TWLO is benefitting from the stay at home economy, distributed contact centers and telehealth.
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- Written by ThePitBoss
- Category: Earnings Reports
Independent energy company Apache Corp reported a massive loss of $4.48 billion for first quarter earnings after the close Wednesday. $APA followed major oil shale players $XOM, $CVX, $OXY and $FANG in reporting.
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- Written by TradersCom
- Category: Energy
EIA reported a large builds in crude, but lower than expected in particular at Cushing. Huge buid in distillate storage again with a draw in gasoline.. US production finally fell to 11, 900 mbpd, off record high of 13.10 mbpd. Still oil production and inventories far outstrips demand since the Coronavirus.
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- Written by ThePitBoss
- Category: Earnings Reports
Occidental Petroleum reported a lower loss than expected Q1 loss Tuesday, However $OXY. as the biggest Permian Basin producer after the $38 billion Anadarko aquisition is living on a knife edge with the oil price collapse. ExxonMobil , Chevron and Diamondback reported a much sounder position.
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- Written by ThePitBoss
- Category: Earnings Reports
Texas independent oil and natural gas company Diamondback Energy reported better than expected first quarter earnings after the market close Monday. $FANG said it will cut oil production further due to the demand collapse from the Covid-19 lockdown.
