Bank Of America Revises Guidance On Whiting Petroleum

According to Bank of America, Whiting Petroleum DECK guidance is lowered amid operation and weather snags. Bank of America said that harsh winter in ND and other operational difficulties impacted WLL's 2Q'11 production by ~450 MBoe. “Based on the revised guidance we are lowering our earnings estimates by $0.22/sh and $0.32/sh for 2Q'11 and FY'11 resp. Our revised EPS/CFPS estimates are $1.08/$2.76 & $4.11/$10.95 per share for 2Q'11 and FY'11 resp.” Whiting Petroleum closed yesterday at $61.34.