Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Endeavour International (AMEX: END) shares fell 10% today after the company announced earnings.

So What: Net loss increased to $11.7 million from $4.5 million last year, partly thanks to the early termination of a derivatives contract. Discretionary cash flow in the quarter came in at $6.1 million compared to $7.6 million in the third quarter last year.

Now What: Yesterday, the energy company announced a 1-for-7 stock split to appeal to a wider array of investors and to keep from falling below the dreaded $1 mark again. Today's results weren't encouraging and investors have punished this volatile stock as a result. This Fool doesn't have the stomach to buy a volatile stock like this on a down day, so I'll wait for some good news before getting excited about Endeavour.

Interested in more info on Endeavour International? Add it to your watchlist by clicking here.

Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.

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