Calendar  Volatility Report 2/4/2010  Volatility Report 2/5/2010  Volatility Report 2/8/2010  
Concho Resources, Inc. (CXO) is at an implied volatility extreme low of 37.45% that is less than 99.66% of past values prior to 2/5/2010 (Close Price 44.27). On prior close, 2/4/2010, the implied volatility was 47.71% and at the 24.66 percentile. Closing price was 44.92.

Today's News on Concho Resources, Inc.

Concho says BP seeks rights to New Mexico assets (AP)
Two oil and gas companies have sued BP PLC and Apache Corp. over rights to purchase about $400 million worth of assets in New Mexico.

UPDATE - Concho: BP exercising rights on N.M. assets (at Reuters)

Concho Resources Inc. Provides Update Regarding Preferential Purchase Rights Related to Its Marbob Acquisition (Business Wire)
MIDLAND, Texas----Concho Resources Inc. today announced that Marbob Energy Corporation and certain of its affiliated companies have informed Concho of the receipt by Marbob of a notice from BP America Production Company electing to exercise its preferential purchase right under certain operating agreements.

A Close Look At Occidental Petroleum's Earnings Report (at Investopedia)

Concho Dives Deeper Into Permian (at Investopedia)

Oil Rig Activity Forecasted To Rise 10% In 2010 According To Senior Energy Analyst; Read On For His Insights And Advice (Wall Street Transcript)

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Saturday, Jul 31, 2010