This Day On The Street
Continue to site
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

Concho Resources' CEO Discusses Q2 2012 Results - Earnings Call Transcript

Concho Resources, Inc. (CXO)

Q2 2012 Earnings Call

August 7, 2012 10:00 am ET

Executives

L. Price Moncrief – Vice President of Capital Markets and Strategy

Timothy A. Leach – President & Chief Executive Officer

E. Joseph Wright – Chief Operating Officer & Senior Vice President

Steven H. Pruett – Senior Vice President, Corporate Development

Matthew Glover Hyde – Senior Vice President, Exploration

Analysts

John Freeman – Raymond James & Associates

Brian Lively – Tudor, Pickering, Holt & Co. Securities, Inc.

Brian Singer – Goldman Sachs & Co.

William Butler – Stephens, Inc.

David Tameron – Wells Fargo Advisors LLC

Neal Dingmann – SunTrust Robinson Humphrey, Inc.

Scott Hanold – RBC Capital Markets

Irene Haas – Wunderlich Securities Inc.

Pearce Hammond – Simmons & Company International

Michael Scialla – Stifel, Nicolaus & Co., Inc.

Mike Kelly – Global Hunter Securities LLC

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the second quarter 2012 Concho Resources earnings conference call. My name is Fab and I will be your operator for today. At this time, all participants are in listen-only mode. Later, we will conduct a question-and-answer session. (Operator Instructions) As a reminder, this conference is being recorded for replay purposes.

I would now like to turn the conference over to your host for today, Mr. Price Moncrief, Vice President of Capital Markets and Strategy. Please proceed.

L. Price Moncrief

Thank you, Fab. Good morning everyone. We’re glad you could join us today for Concho’s second quarter 2012 conference call. Before we get started, I would like to direct your attention to the forward-looking statement Disclaimer contained in the press release.

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
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
SYM TRADE IT LAST %CHG

Markets

DOW 18,162.99 +121.45 0.67%
S&P 500 2,123.48 +19.28 0.92%
NASDAQ 5,106.5930 +73.8420 1.47%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs