Crisis of Confidence Overcome

It was another good day for stocks, as expected. Surprisingly good earnings from Alcoa (NYSE:AA - News), along with better than expected initial jobless claims gave investors the confidence to bid stock prices higher. We're seeing a fundamental condition for economic recovery play out - confidence. I've said it before - an economic system is, at its heart, a belief system. For there to be growth, Americans must believe the U.S. dollar has value, we must be confident that contracts will be honored, we must believe our money is safe in banks, we cannot doubt that we will have jobs to provide for our families. The financial crisis shook our faith in the U.S. banking system. Rumors of insolvency at Bear Stearns sparked a run on the investment bank that made the rumors real. The same thing happened at Lehman, but the shockwaves echoed around the world. The financial crisis was a crisis of confidence. Now, that's not to say that the sudden skepticism of our banks was misplaced. Using obscene leverage, derivative alchemy and making some really dumb decisions, America's banks pushed themselves right to the brink. And in some cases, right over the cliff. *****The U.S. government rightly understood its job was to restore confidence to the American people. And that's been the focus of most stimulus actions. The government had to make it clear that our money, our jobs and our economy are safe. So we've had TARP, TALF, Cash for Clunkers and 1st Time Homebuyers Credits...
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Gulfport Energy Corporation Schedules Third Quarter 2009 Financial and Operational Results Conference Call

Gulfport Energy Corporation Schedules Third Quarter 2009 Financial and Operational Results Conference Call - Yahoo! Finance.gnwlistitemmarginbottom {margin-bottom: 10.0px} .gnwtablebottommargin {margin-bottom: 10.0px} .gnwcellpaddingleft0 {padding-left: 0.0px} .gnwverticalaligntop {vertical-align: top} .gnwtextaligncenter {text-align: center} .gnwcellparagraphmargin {margin-bottom: 0px; margin-top: 0px} .gnwverticalalignbottom {vertical-align: bottom} .gnwwhitespacenowrap {white-space: nowrap} .gnwtextalignright {text-align: right} .gnwcellpaddingright0 {padding-right: 0.0px} .gnwunderlinestyle {text-decoration: underline} .gnwtextalignleft {text-align: left} .gnw_heading {font: 16px Arial; text-align: center} .gnw_subhead {font: 12px Arial; text-align: center} .gnw_colhead {font: 12px Arial; text-align: center} .gnw_colhead_uline {font: 12px Arial; text-align: center; border-bottom: solid black 1.0pt;} .gnw_colhead_dline {font: 12px Arial; text-align: center; border-bottom: double black 2.5pt;} .gnw_label {font: 12px Arial; vertical-align: bottom; text-align: left } .gnw_label_uline {font: 12px Arial; vertical-align: bottom; text-align: left; border-bottom: solid black 1.0pt;} .gnw_label_uline_i10 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i15 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i20 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i25 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i30 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_dline {font: 12px Arial; vertical-align: bottom; text-align: left; border-bottom: double black 2.5pt;} .gnw_label_i10 {font: 12px Arial; vertical-align: bottom; text-align: left; padding-left: 10.0px;} .gnw_label_i15 {font: 12px Arial; vertical...
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Gulfport Energy Corporation Reports Third Quarter 2009 Results

OKLAHOMA CITY, Nov. 5, 2009 (GLOBE NEWSWIRE) -- Gulfport Energy Corporation (Nasdaq:GPOR - News) today reported financial and operating results for the third quarter of 2009. For the third quarter of 2009, Gulfport reported net income of $6.7 million on oil and gas revenues of $22.2 million, or $0.16 per diluted share. EBITDA (as defined below) for the third quarter of 2009 was $14.8 million and cash flow from operating activities before changes in working capital was $14.2 million. Financial Highlights * Produced oil and gas sales volumes of 415,716 barrels of oil equivalent ("BOE") in the third quarter of 2009, an 8% sequential increase over the second quarter of 2009 * Generated $14.8 million of EBITDA in the third quarter, a 14% sequential increase over the second quarter of 2009 * Recorded net income of $6.7 million for the third quarter of 2009, a 31% sequential improvement over the second quarter of 2009 * Reduced total debt by $9.2 million in the third quarter of 2009 with an ending balance of $55.6 million, a 14% sequential reduction from the balance at the end of the second quarter of 2009 and a 42% reduction year-over-year Production For the third quarter of 2009, net production was 373,390 barrels of oil, 160,923 thousand cubic feet ("MCF") of natural gas and 651,234 gallons of natural gas liquids ("NGL"), or 415,716 BOE. Net production for the third quarter of 2009 by region was 354,767 BOE in Southern Louisiana, ...
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GULFPORT ENERGY CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhi

Show all filings for GULFPORT ENERGY CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for GULFPORT ENERGY CORP 5-Nov-2009Results of Operations and Financial Condition, Financial Statements and Exhi Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provid...
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Q3 2009 GULFPORT ENERGY CORP Earnings Release - Time Not Supplied

Earnings Announcements for Thursday, November 5CompanySymbolTimeConferenceCall21st Century HoldingTCHC2:00 pm ET3I INFRASTRUCTURE3IN.LBefore Market OpenAbiomed, Inc.ABMDBefore Market OpenListenABOVENET INCABVTAfter Market CloseListenAbraxis BioScience, Inc.ABIIBefore Market OpenListenAccelrys Inc.ACCLAfter Market CloseListenACI Worldwide, Inc.ACIWBefore Market OpenACTIONS SEMICONDUCTOR CO LTDACTSAfter Market CloseActive Biotech ABACTI.STTime Not SuppliedActivision Blizzard, Inc.ATVIAfter Market CloseAdecco SAAHEXF.PK01:00 am ETAinsworth Lumber Company Ltd.ANS.TOAfter Market CloseAir MethodsAIRMAfter Market CloseAker ASAAKERTime Not SuppliedALAMOS GOLD INCAGI.TOBefore Market OpenAlaska Communications Systems GroupALSKAfter Market CloseAlexandria Real Estate...
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GULFPORT ENERGY CORP Financials

PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue22,173  20,659  17,860  37,566  Cost of Revenue(828)6,467  6,872  12,365  Gross Profit23,001  14,192  10,988  25,201  Operating ExpensesResearch Development -   -   -   -  Selling General and Administrative8,236  1,143  1,136  1,573  Non Recurring(221)145  76  272,722  Others7,533  7,494  7,562  13,703  Total Operating Expenses -   -   -   -  Operating Income or Loss7,130  5,410  2,214  (262,797)Income from Continuing OperationsTotal Other Income/Expenses Net(165)135  1,152  39,136  Earnings Before Interest And Taxes7,288  5,545  3,366  (223,661)Interest Expense614  439  633  1,360  Income Before Tax6,674  5,106  2,733  (225,021)Income Tax Expense -  28   -  (20)Minority Interest -   -   -   -  Net Income From Continuing Ops6,674  5,078  2,733  (225,001)Non-recurring EventsDiscontinued Operations -   -   -   -  Extraordinary Items -   -   -   -  Effect Of Accounting Changes -   -   - &...
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New Star Analyst Rankings for Gulfport Energy Corporation

Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Copyright © 1999-2003, StarMine Corp. All rights reserved.StarMine Corp. derives analyst ratings from estimate and recommendation data supplied by Thomson Financial.Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). International historical chart data, daily updates, fund summary, fund performance, dividend data and...
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GULFPORT ENERGY CORP Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion and analysis should be read in conjunction with the "Management's Discussion and Analysis of Financial Condition and Results of Operations" section and audited consolidated financial statements and related notes thereto included in our Annual Report on Form 10-K and with the unaudited consolidated financial statements and related notes thereto presented in this Quarterly Report on Form 10-Q. Disclosure Regarding Forward-Looking Statements This report includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. All statements other than statements of historical facts included in this report that address activities, events or developments that we expect or anticipate will or may occur in the future, including such things as estimated future net revenues from oil and gas reserves and the present value thereof, future capital expenditures (including the amount and nature thereof), business strategy and measures to implement strategy, competitive strength, goals, expansion and growth of our business and operations, plans, references to future success, reference to intentions as to future matters and other such matters are forward-looking statements. These statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments as well as other factors we believe are appropriate in the circumstances. However, whether actual results and developments will conform with our expectations and predictions is subject to a number of risks and uncertainties, general economic, market or business conditions; the opportunities (or lack thereof) that may be presented t...
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GULFPORT ENERGY CORP Earnings Call scheduled for 2:00 pm ET today

Call DetailsGULFPORT ENERGY CORP Earnings Conference Call (Q3 2009)Thu, Nov 5, 2009, 2:00 pm EasternAbout GULFPORT ENERGY CORP (NasdaqGS:GPOR)Gulfport Energy Corporation engages in the exploration, development, and production of oil and gas in the Louisiana Gulf Coast in the West Cote Blanche Bay and Hackberry fields. The company also has interests in properties located in West Texas in the Permian Basin, as well as in the Alberta oil sands in Canada. In addition, it holds interest in properties in southeast Asia, including the Phu Horm gas field in Thailand. As of December 31, 2008, the company had total estimated proved reserves of approximately 25.5 million barrels of oil equivalent. Gulfport Energy Corporation is headquartered in Oklahoma City, Oklahoma.More Info:Quote |Profile |Reports |Research |Msgs |Insider |Financials | Analyst Ratings...
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