This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Warren's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Warren Resources, Inc. (WRES)

Q1 2012 Earnings Call

May 1, 2012; 10:00 am ET


Norman Swanton - Chairman, President & Chief Executive Officer

Steve Heiter - Executive Vice President; Chief Executive Officer of Warren E&P, Inc

Ron Morin - Senior Vice President of Development; Executive Vice President of Warren E&P Inc.

Tim Larkin - Executive Vice President & Chief Financial Officer


Ray Deacon - Brean Murray

Phil McPherson - Global Hunter Securities

Jack Aydin - Keybanc Capital Markets

Brad Heffern - RBC Capital Markets



Good day ladies and gentlemen and welcome to the first quarter 2012, Warren Resources earnings call. My name is Caressa and I will be your operator for today. At this time all participants are in a listen-only mode. Later we will conduct a question-and-answer session. (Operator Instructions)

I will now turn the conference over to your host for today call, Mr. Norman Swanton, Chairman, CEO of Warren Resources. Please proceed.

Norman Swanton

Thank you. Good morning everyone. Thank you for joining us for Warren Resources first quarter 2012 financial and operating results conference call.

We are conducting the conference call this morning from our Long Beach Office in California. With me is Steve Heiter, our CEO of our Principal Subsidiary, Warren E&P; Ron Morin, our Senior Vice President responsible for our development; and Tim Larkin, our Executive Vice President and CFO is joining us from our New York City office.

Before I turn the microphone over to Tim to cover the financial results and Steve to discuss our oil and gas operations, I would like to briefly comment on our performance for the first quarter of 2012 and the future direction of the company as follows.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs