The Houston, TX-based company posted third-quarter adjusted earnings – from continuing operation − of 57 cents per share, which failed to beat the Zacks Consensus Estimate by a penny.

December E-mini S&Ps (ESZ14 -0.17%) this morning are down -0.10% and European stocks are down -0.16% after the EU cut its Eurozone GDP and inflation forecasts for this year and next.

According to Bloomberg News, the average estimate of resource potential was 6.6 times higher than the proved reserves reported to the SEC. "Proven" and "potential" should not be confused.

June E-mini S&Ps (ESM14 +0.03%) this morning are up +0.05% at a new all-time high and European stocks are up +0.25% at a 5-1/2 year high after manufacturing activity in China last month expanded at the fastest pace in 5 months.

Very interesting farm-out deal on the international oil front this week. One that tells of a big shift in focus underway for energy markets.

Covering the overnight markets and news you may have missed.