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: Penn Virginia
So what: Investors drilled this oil and gas explorer on news that non-GAAP earnings per share were -$0.51, compared with $0.04 in the year-ago quarter and the consensus estimate of -$0.19. Investors also learned that the replacement for retiring CEO James Dearlove is former COO Baird Whitehead; no COO backfill was named.
Now what: A widening gap between the prices of crude oil and natural gas has Penn Virginia -- along with other companies such as Anadarko
Interested in more info on Penn Virginia? Add it to My Watchlist.