Bright Future for Whiting Petroleum Corp (NYSE:WLL)?

Whiting Petroleum Corp (NYSE:WLL) is skyrocketing today, gaining over 6% in value so far. Whiting Petroleum has suffered a lot amid declining oil prices, but analysts are positive that the stock would gain value in 2018. According to the fourth quarter report by the oil company, Whiting’s costs, lease operating expenses, general and administrative expenses declined significantly. Whiting Petroleum Corp (NYSE:WLL)’s free cash flow situation isn’t good either.

But analysts think that the company’s capital expenditures will fall to $900 million in 2018-2019 from the current levels of over $1 billion. News Wire & Equity Research: +31 084-0032-842

Copyright B.V.
All rights reserved. Any redistribution, duplication or archiving prohibited. doesn't warrant the accuracy of any News Content provided and shall not be liable for any errors, inaccuracies or for any actions taken in reliance thereon.