Whiting Petroleum Corporation (NYSE:WLL) kept active in under and overvalue discussion, WLL holds price to book ratio of 0.66 that presents much better indicator to find market price of a share price over its book value of equity for investment valuation.
Whiting’s (WLL) production in Q4 2016 totaled 10.9 million barrels of oil equivalent (MMBOE), comprised of 84% crude oil/natural gas liquids (NGLs). Fourth quarter 2016 production averaged 118,890 barrels of oil equivalent per day (BOE/d), above the high end of guidance (117,390 BOE/d) and an increase from the third quarter when adjusted for asset sales.(1) Enhanced completions contributed to production exceeding guidance and to lease operating expense (LOE) per BOE coming in at the low end of guidance. LOE also benefited from the sale of higher cost properties and continued efficiency gains in the field.
Most Active Trio on Profitability Estimation: Whiting Petroleum (NYSE:WLL), Sandstorm Gold (NYSE:SAND)
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ExxonMobil, Basrah Oil Ink Deal to Drill Wells in West Qurna 1
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