Newfield shares lower after 2013 outlook

摘要

Houston—Newfield shares dropped as much as 19% over the trading day on October 24 after the company warned that—due to an early field payout in Malaysia—the company will see its international oil volumes fall by up to 25% next year. The company’s shares ended the day October 24 at $27.46/share, down 17.59%. Newfield’s net production from its international operations is currently about 36,000 b/d of equivalent oil.