Yingli Green Energy Topped Q2 Estimates, Top Line Up 27%

- Yingli Green Energy Topped Q2 Estimates, Top Line Up 27%



Aug 19, 2011

Yingli Green Energy (NYSE:YGE) reported Q2 EPS of $0.34, ahead of consensus estimates of $0.27 per share. Revenues for the quarter rose 27.4% year-over-year to $680.6 million, topping consensus estimates of $613.8 million.

Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy commented, "I'm pleased to announce that we had our best quarter ever in terms of PV module shipments, which increased by 36.6% over the previous quarter. With the significantly increased shipments, we managed not only to expand our global market share, but also to extend our sales geographies."

Yingli Green Energy has a potential upside of 60.4% based on a current price of $5.63 and an average consensus analyst price target of $9.03.

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OTG Starts Up New Production Line at Tx. Facility

- OTG Starts Up New Production Line at Tx. Facility

Monday, August 15, 2011
Momentive Specialty Chemicals Inc.

The Oilfield Technology Group (OTG) of Momentive Specialty Chemicals Inc., announced the startup of a new manufacturing production line at its Brady, Texas, facility to provide additional resin coated proppants to fracturing service companies and operators in the oil & gas industry.

"Industry demand continues to grow as more operators come to realize the correlation between curable resin coated proppants and enhanced post-frac well production. This expansion of our Brady resin coating plant allows us to provide our customers with the additional resin coated proppant supply they are requesting for their hydraulic fracturing treatments," said Jerry Borges, Vice President, Oilfield Technology Group.

The Brady plant expansion is the third addition to the OTG manufacturing grid in 2011. The new production line manufactures Momentive's field-proven curable resin coated proppants such as Prime PlusTM, SiberPropTM, and SB ExcelTM which are available in large grain sizes. These products and the plant's geographic location are especially suited to serve the nearby Eagle Ford and Permian Basin oil markets.

"The value of our high strength proppants is seen from the increased well production they consistently provide. By leveraging Momentive's technology from other industries, combined with our own internal resin manufacturing facilities, we will continue to bring innovative proppant technology to our customers," Borges said.

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Pioneer Drilling Topped Q2 Estimates, Top Line Surged 46.4% YoY

- Pioneer Drilling Topped Q2 Estimates, Top Line Surged 46.4% YoY



Aug 4, 2011

Pioneer Drilling (AMEX:PDC) reported Q2 EPS of $0.07, ahead of consensus estimates of $0.04 per share. Revenues for the quarter rose 46.4% year-over-year to $171.3 million, topping consensus estimates of $166.0 million.

William Locke, President and CEO of Pioneer Drilling said, "We continue to see strong demand for our drilling rigs in the West Texas drilling division, which has grown from zero to 12 rigs since the beginning of 2011, and we have contracted four more rigs that will begin operating in West Texas by year-end, although day rates are lower in West Texas when compared to certain other regions, putting rigs back to work results in higher utilization rates and increased Adjusted EBITDA."

Pioneer Drilling has a potential upside of 14.3% based on a current price of $15.58 and an average consensus analyst price target of $17.81.

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PA Resources Claims Azurite Production Levels In Line with 1Q

- PA Resources Claims Azurite Production Levels In Line with 1Q

Wednesday, June 15, 2011
PA Resources AB

PA Resources reported an update on production and sales at the Azurite Field offshore Republic of Congo.

The last production well on the Azurite Field was commissioned as communicated on June 8 and is presently being monitored after initial clean-up.

Present level of production on the Azurite Field is in line with the average production level seen in the first quarter of 2011.

PA Resources has over the last couple of days performed a lifting from the Azurite Field priced at approximately USD 114 per barrel.

PA Resources has a 35 percent working interest in the production sharing contract for the Azurite Field, the operator Murphy Oil Corporation has a 50 percent working interest and Société Nationale Petroles du Congo 15 percent.

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