This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Concho Resources' CEO Discusses Acquisition Of Three Rivers Operating Company Conference (Transcript)

Concho Resources Inc. (CXO)

Acquisition of Three Rivers Operating Company Conference Call

May 14, 2012 11:00 am ET

Executives

Steven H. Pruett – Senior Vice President of Corporate Development

Timothy A. Leach – Chairman, President and Chief Executive Officer

Matthew G. Hyde – Senior Vice President of Exploration

Analysts

John Freeman – Raymond James

Neal Dingman – SunTrust Robinson Humphrey

Brian Singer – Goldman Sachs

William Butler – Stephens

Scott Hanold – RBC Capital Markets

Jessica Chipman – Tudor, Pickering, Holt & Co.

David Deckelbaum – KeyBanc Capital Markets

Pearce W. Hammond – Simmons & Company International

David R. Tameron – Wells Fargo Advisors LLC

Sven Del Pozzo – IHS Herold

Richard Tullis – Capital One Southcoast

Mario Barraza – Tuohy Brothers Investment Research, Inc.

Abhishek Sinha – Bank of America Merrill Lynch

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the Concho Resources Incorporation to Acquire Oil and Gas Assets of Three Rivers Operating Company Conference Call. My name is Bhupendra, and will be your operator for today. At this time all participants are in listen-only-mode. We will conduct a question-and-answer session towards the end of the conference. (Operator Instructions) As a reminder, this conference is being recorded for replay purposes.

I’d now like to turn the call over to Mr. Steve Pruett, Senior Vice President, Corporate Development. Please proceed, sir.

Steven H. Pruett

Good morning, everyone, and thank you for joining us. Today, we are joined together for our conference call to discuss our pending acquisition of the oil and gas assets of Three Rivers Operating Company.

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs