Goodrich Petroleum Corporation (GDP) (NYSE Arca)

Goodrich Petroleum Corporation is an independent oil and gas company engaged in the exploration, exploitation, development and production of oil and natural gas properties primarily in the Cotton Valley trend of East Texas and Northwest Louisiana. As of December 31, 2008, the Company owned working interests in 414 active oil and gas wells located in thirty fields in six states. At December 31, 2008, Goodrich had estimated proved reserves of approximately 390.4 billion cubic feet (Bcf) of natural gas and 1.9 million barrels (MMBbls) of oil and condensate, or an aggregate of 402.3 billion cubic feet equivalent (Bcfe). In 2008, the Company drilled and completed 126 gross wells. In June 2008, Goodrich and Chesapeake Energy Corporation announced that they have entered into a joint venture to develop Goodrich’s Haynesville Shale acreage in the Bethany-Longstreet and Longwood fields of Caddo and DeSoto Parishes, Louisiana. On May 28, 2008, the Company acquired additional interests in the Cotton Valley trend.
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The market review for October, 7st

Stock trades in the United States were closed on October 6 growth of leading indexes against the backdrop of rising prices for metals and oil. Shares in the country’s largest aluminum producer Alcoa Inc., Which will soon publish its financial report for the III quarter of 2009., Went up by 3,5%. Securities of the country’s largest gold mining company Newmont Mining Corp. up to the bidding went up by 7%. Furthermore, increased by 3,4% in the price of shares of the world’s largest mededobyvayuschey company Freeport-McMoRan Copper & Gold Inc.  read more

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The market review for September, 10st

Stock trades in the United States closed on 9 September 2009. increase in the leading indices. Since investors are optimistic about the increase analysts from Goldman Sachs Group Inc. ranking of American industrial companies with a “neutral” to “attractive”, which contributed to the growth of quotations in this sector. In particular, the results of the auctions on 2,6% increase in prices of industrial shares multidisciplinary group General Electric Co., And securities Illinois Tool Works Inc. went up by 5%.

At 3.9% in trading shares have risen in price in the world’s largest online auction EBay Inc., As analysts from Sanford C. Bernstein & Co. raised recommendations on the “at market” to “above market”. Able to strengthen its position in the trading floors of the second-largest global manufacturer of food products Kraft Foods Inc., Who is currently in talks to raise financing in the $ 8 billion to buy the British confectionary manufacturer Cadbury Plc. Following the bidding company’s shares went up by 1,5%. read more

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Market review for August, 27th

Stock trades in the United States opened on August 26 of the leading index increased after the release of macroeconomic statistics. With optimism investors viewed the report of the US Department of Commerce, under which sales of new homes in the country in June 2009. seasonally adjusted rose by 9,6% compared with the revised figure for June 2009. and amounted to 433 thousand units. Analysts expect that figure will be 390 thousand units. In general, turned out to be optimistic, and another report of the Ministry of Trade, under which the volume of orders for durable goods in July 2009. According to preliminary data, increased from the previous month by 4,9% and amounted to 168.43 billion dollars, whereas analysts predicted its growth only to 2,5%. However, growth in orders for certain categories of goods was less than expected, which led to a drop in stock price of several major U.S. companies.

Against this background, on the basis of trading on 0,9% increase in prices rally the world’s largest retailer of goods for Home Improvement Home Depot. Favorable trading session proved to be for other retailers. Thus, at 3.5% in trading securities have risen in price retail chain Dollar Tree Inc., The published financial report, surpassed analysts’ expectations, while shares of its rival Family Dollar Stores Inc. prices increased by 3,5%. 11% and 7%, respectively, shares have risen in price retailer Williams-Sonoma Inc. and DSW Inc. read more

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