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Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

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Diamonds and Dogs

4/14/14

Goodrich Petro Corp. (GDP)

Goodrich Petro is both "good" and "rich" today, up 30.38% at $23.99. The oil and natural gas company saw its shares explode after it announced that it finished its Blades 33H-1 well in Tangipahoa Parish, Louisiana. In a statement, the oiler said the well had achieved a peak 24-hour average production rate to date of 1,270 barrels of oil equivalent (boe) per day, 1,250 barrels of which was oil and 115 Mcf of gas. Shares of Goodrich Petro climbed over $5.50 today, but are still well off of their 52-week high of $28.55.

NQ Mobile Inc. (NQ)

NQ Mobile is getting crushed today, down 12.99% to $11.05. The mobile, internet, and cloud security company saw its shares fall after worse than expected earnings. NQ Management announced an EPS of $0.22 per share, missing analyst estimates of $0.32 per share. The company stated that the miss on EPS was due to one-time cost factors, and maintained its full year guidance. Shares of NQ fell over $1.60 today but is still above its 52-week low of $7.05.
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