Whiting Petroleum Zooms Higher After Reporting!

Members of Stock Options Made Easy Score Big!

Whiting Petroleum Corp (NYSE:WLL) Option Calls Provides 382% Potential Profit
More To Come!

by Ian Harvey

February 23, 2018



Whiting Petroleum Corp (NYSE:WLL)

Here is an update of Whiting’s winning options call trade after reporting earnings. This options trade was recommended to “Cut-To-The-Chase” Members of Stock Options Made Easy, on Monday, February 19, 2018 -- in the article ““Cut-To-The-Chase” Recommendations - Week Beginning Monday, February 19, 2018”; which produced excellent potential profits of 382% within a short period of time after executing the trade!


The Recommendation……

…….from ““Cut-to-the-Chase” Recommendations - Week Beginning Monday, February 19, 2018.”

The Details……..

Domestic oil and gas explorer Whiting Petroleum Corp (NYSE:WLL) report its fourth-quarter earnings tomorrow, Wednesday, February 21, after the market closes. The current Consensus Estimate for the quarter under review is a loss of 32 cents on revenues of $417.2 million. WLL’s 4Q17 revenue is expected to be higher both on a year-over-year and sequential basis.

The higher revenue estimates for 4Q17 reflect a better crude oil price environment. Crude oil prices were averaging $55.39 per barrel in 4Q17 versus $49.33 in 4Q16. Crude oil made up 67% of WLL’s production in 3Q17. In fiscal 2017, analysts expect WLL to report revenue of $1.4 billion versus revenue of $1.3 billion in fiscal 2016.

In the preceding three-month period, the company beat the consensus mark by 30% on robust output and cost control.

As far as earnings surprises are concerned, the Denver, CO-based upstream operator is on a firm footing, having gone past the Consensus Estimate in each of the last four reports.

The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 0% to 70%. Revenue rose from -8% to 3%.

Whiting Petroleum is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on WLL's earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Whiting Petroleum could be a solid choice for this options trade.

The Trade……..

** OPTION TRADE: Buy WLL MARCH 16 2018 25.000 CALL at approximately $0.85 each.

The Report………

Whiting Petroleum Corp (NYSE: WLL) reported stronger-than-expected fourth-quarter results and a bullish outlook for 2018.

Whiting Petroleum reported an adjusted loss of $15.7 million, or $0.17 per share; that was a vast improvement from its year-ago adjusted loss of $82.6 million, or $1.12 per share. Also, it was $0.13-per-share better than analysts expected.

There were several factors contributing to the improved results, including

  • delivering production at the high end of its guidance range,
  • better oil pricing, and
  • keeping costs to the low end of guidance.

Future Outlook……                                

Whiting is working toward a goal "of becoming a top-tier E&P company as measured by capital efficient growth and free cash flow generation," according to CEO Bradley Holly.

End Result……..

At the time of the recommendation the share price was approximately $23.35.

On Thursday the stock price hit a high of $28.94, rising more than 25%.

The Profit……..

So, for those traders who managed to execute this trade recommended for consideration by Stock Options Made Easy; a nice tidy potential profit of 382% within a short period of time.



Now is the time to decide if it is worth continuing to hold this trade or exit on excellent profits. It is nearly always prudent to exit a trade before an unknown incident occurs that could rattle a sound profit, and this is a fine example of such a situation.

As you would have by now realized, many of our trades are based on earnings predictions. This is not to say all trades recommended to members follow this pattern, but during earnings season this strategy has been very profitable.

Our approach is to predict whether a company will beat or miss estimates, whether the stock will appreciate or depreciate as a result and what strategies investors and traders can use. This type of prediction is based on thorough investigation and fundamentally based research, and the results have been very exceptional.

Our proven track record says it all!!

Members of Stock Options Made Easy are provided with an extensive reason as to which direction a stock will move after earnings, followed up by a recommended options trade.

What To Do Now…….

If you interested in being part of this profitable action just click here……

Best of Trading,
Ian Harvey
Director of Stock Options Made Easy


”Success is simple. Do what's right, the right way, at the right time.”

Option Tip for your Success!
Options traders are not successful because they win.
Options traders win because they are successful.

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