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g grows heated
ld oil leak in Gulf
or.
nergy has said nothing can
o completely eliminate the
heens. Regulators recently
the leak could last a cenre if left unchecked.
ociated Press investigaear revealed evidence that
worse than the company,
nment, publicly reported
ir secretive response. Preh APs findings, the Coast
vided a new leak estimate
ut 20 times larger than one
e company in a court filing
down.
Earlier, Pecue said the company
cares very deeply about the environment. Taylor Energy says it has
spent more than $480 million on its
efforts to stop the leak.
This event hits home for us, said
Pecue, the last remaining full-time
employee at the New Orleans-based
company.
The public meeting is a requirement of a court settlement that
Taylor Energy reached in September
with environmental groups led by
the New York City-based Waterkeeper Alliance, which accused the
company of withholding information about the leak.
Larissa Liebmann, an attorney
for the Waterkeeper Alliance, said
Taylor Energy knew the risks before
it drilled several wells in a mudslide-prone area of the Gulf.
It wasnt an unforeseen thing,
she said.
Pecue and company-hired experts
made most of the presentations
during the meeting, the first public forum Taylor Energy has hosted
since the leak started more than 11
years ago.
Taylor Energy, once one of the
Gulfs largest operators, sold all its
offshore leases and oil and gas interests in 2008. Its founder, Patrick
Taylor, died in 2004. The company
is led by his widow, Phyllis Taylor, a
prominent philanthropist and political donor.
mpleted
mondmercial
ng the
h was
ncludf First
shares
5 perquarion, or
e year.
or the
FCBI
$185.4
t.
results
growth
quarter
reflect
of our
CEO
We
us our
ducing
and expenses.
Southwests total assets
were $2.4 billion at the
end of the fourth quarter,
up $297 million from Sept.
30, 2015. Total loans were
$1.8 billion at the end of
the fourth quarter, up $231
million from the end of the
previous quarter.
Southwest Bancorp said
it had eight consecutive
quarters of loan growth.
Its quarterly net interest
margin improved to 3.48
percent at Dec. 31, 2015,
compared to 3.34 percent
at the end of the previous
quarter.
Cash and cash equivalents were $78.1 million as
of Dec. 31, up $9.5 million
from three months earlier.
Also on Tuesday, Southwest directors declared a
quarterly cash dividend of
ter.
On Wednesday, the
companys stock closed
up 59 cents to $16.12 per
share, a 3.80 percent gain.
OKSB remains the only
stock with material energy
exposure that we are
recommending, and we
dont see anything in these
results to dissuade us from
that stance, analyst Joe
Fenech with Hovde Group
wrote in a report. Setting
energy aside for a moment,
the company is improving
the profitability profile as
promised, which should
translate
to
multiple
expansion over time. In the
meantime, the valuation,
coupled with a significant
capital cushion to help
absorb any potential problems should the situation
worsen from here, offers
State Grains
CASH WHEAT
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Alva . . . . . . . . . 4.10 Banner. . . . . . . 4.13
Buffalo. . . . . . . 4.10 Cherokee . . . . 4.13
Clinton . . . . . . . 4.02 Davis . . . . . . . . 3.87
El Dorado . . . . 4.27 El Reno . . . . . . 4.09
Frederick. . . . . 3.97 Geary . . . . . . . . 4.09
Hobart . . . . . . . 3.97 Hooker. . . . . . . 4.12
Keyes . . . . . . . . 3.94 Lawton . . . . . . 3.97
Manchester . . . . 4.12 Medford . . . . . 4.17
Miami. . . . . . . . N/A Okarche . . . . . 4.09
SOYBEANS
Alva . . . . . . . . 8.02 Buffalo. . . . . . 8.02
Hooker. . . . . . 7.79 Medford . . . . 8.04
Miami. . . . . . . .N/A Ponca City . . . 8.04
Shattuck. . . . 7.99 Stillwater . . . 8.07
Gulf. . . . . .9.38 1/2
CORN
$3.33-$3.77 per bushel.