The worldwide oil business sector has lost around 50pc of its esteem since June, weighed around the worldwide supply overabundance.

Gold prospects settled up US$3 to US$1,213.10 an ounce.

Silver progressed to $16.53 an ounce from $16.34.

Palladium rose to $808 from $783 an ounce.

Among the Budget proposition is a gold store or monetization plan, which plans to tap in any event a piece of the assessed 20,000 tons of gold stock in the nation. The administration will pay enthusiasm for gold stores under the plan.

Insights about those basic material sector stocks that landed in the red-zone during Friday’s trade, are depicted underneath:

Bonanza Creek Energy, Inc. (NYSE:BCEI)’s shares dwindled 7.83%, and closed at $26.95, during the last trading session, soon after the news release that an independent energy company, stated its fourth quarter and full year 2014 financial and operating results. Unless noted, all references to barrel of oil equivalent (boe) volumes related to activities accomplished in the Rocky Mountain region during 2014 have incorporated 6:1 gas to liquids conversion of two-stream (oil and wet gas) volumes.

Highlights from fourth quarter 2014 comprise:

• Raised sales volumes by 23% contrast to fourth quarter 2013(1), to 25.9 Mboe/d
• Grew Rocky Mountain production by 29% contrast to fourth quarter 2013, to 19.4 Mboe/d
• Adjusted EBITDAX(2) of $102.4 million.

Highlights from ongoing operations for full year 2014 comprise:

• Raised sales volumes by 45% contrast to 2013, to 23.5 Mboe/d(1)
• Grew Rocky Mountain production by 65% contrast to 2013, to 17.5 Mboe/d
• Adjusted EBITDAX(2) of $387.7 million, up 33% from 2013
• Proved reserves raised 28% year-over-year to 89.5 MMboe (97.3 MMboe three-stream) with strong reserve replacement of 336%
• 3P reserves raised 40% to 497 MMboe (558 MMboe three-stream)
• Rocky Mountain region proved reserves raised 39% to 68.1 MMboe (76.4 MMboe three-stream) and 3P reserves raised 48% to 456 MMboe (516 MMboe three-stream)
• Attained about 34,000 net acres directly offsetting core leasehold position in the Wattenberg Field bringing total acreage to about 70,100 net acres
• Wattenberg Field net undrilled locations raised by 54% from about 1,300 to over 2,000
• De-risked 40-acre spacing in the Niobrara B and C benches on about 35,000 net acres by optimizing completion techniques
• Made substantial progress in sub-surface optimization and infrastructure planning critical to the full-field development of the Wattenberg resource.

(1) Amounts reflect results for ongoing operations and exclude results for suspended operations related to non-core properties in California sold or held for sale as of December 31, 2014 and 2013.

(2) Non-GAAP measure, see attached Reconciliation Plans. With respect to Cash G&A, see Plan 1 for general and administrative break-out of stock-based compensation.

Bonanza Creek Energy, Inc. (NYSE:BCEI), is an independent oil and natural gas company engaged in the attainment, exploration, development and production of onshore oil and associated liquids-rich natural gas in the United States. The Company`s assets and operations are concentrated primarily in the Rocky Mountains in the Wattenberg Field, focused on the Niobrara oil shale, and in southern Arkansas, focused on the oil-rich Cotton Valley sands.

SandRidge Energy, Inc. (NYSE:SD), declined -6.35%, and closed at $1.77, soon after an oil and natural gas company, focuses on exploration and production activities in the Mid-Continent region of the United States, posted financial and operational results for the period ended December 31, 2014. Together with Q4 financial results, SandRidge recently declared its reduced 2015 capital plan, year-end 2014 reserves growth, and an raised PUD type curve.

The Company intends to improve its capital efficiency in the current price environment, which would preserve drilling project economics and grow the location inventory. Capital efficiencies will be captured through durable innovations in the development program and service cost reductions. Principles of the 2015 drilling capital allocation comprise only investing in projects with an predictable attractive return at recent strip pricing and making efficient use of existing infrastructure.

• Cost reductions will be from a combination of process efficiencies, expanded use of multilaterals and service provider cost reductions.
• Second half targeted costs with the new PUD type curve are predictable to yield 40%+ IRR at recent strip pricing, similar to previous type curve and cost structure returns at $80 WTI.

James Bennett, Chief Executive Officer and President commented, “We remain intensely aware of the current pricing environment and know that it requires bold steps. Our 2015 focus is on visibility of improved capital efficiency and balance sheet flexibility. This means we are reducing our capital expenditure program by 56% from 2014 levels to $700 million in 2015, and we are now high-grading every new well based on strict cost control, offset well performance and proximity to existing infrastructure. We have maintained liquidity and financial flexibility, counting renegotiating our covenants and reaffirming our borrowing base at $900 million. These moves, coupled with the recent outstanding additions to our senior administration team and board of directors have positioned us for a successful 2015.”

Key Financial Results:

Fourth Quarter:

Adjusted EBITDA, pro forma for divestitures and net of noncontrolling interest, was $224 million in the fourth quarter of 2014 contrast to $190 million in the fourth quarter of 2013, 18% year-over-year growth.

Adjusted operating cash flow of $203 million for fourth quarter 2014 contrast to $243 million in fourth quarter 2013.

Adjusted net revenue of $44.1 million, or $0.08 per diluted share, for fourth quarter 2014 contrast to $39.2 million, or $0.07 per diluted share, in fourth quarter 2013.

Full Year

• Adjusted EBITDA, pro forma for divestitures and net of non-controlling interest, was $820 million in 2014 contrast to $609 million in 2013, 35% year-over-year growth.
• Adjusted operating cash flow of $712 million for 2014 contrast to $812 million in 2013.
• Adjusted net revenue of $149.9 million, or $0.26 per diluted share, for 2014 contrast to $103.9 million, or $0.18 per diluted share, in 2013.

SandRidge Energy, Inc. (NYSE:SD), is an oil and natural gas company. The Company focuses on exploration and production activities in the Mid-Continent region of the United States. The Company also operates businesses and infrastructure systems, counting gas gathering and processing facilities, marketing operations, a saltwater disposal system, an electrical transmission system and a drilling rig and related oil field services business.

Emerald Oil, Inc. (NYSEMKT:EOX), dipped -5.93%, and closed at $1.11, after the news release that an independent oil and natural gas exploration and production company, plans to declare its fourth quarter and year-end 2014 financial and operational results on Tuesday, March 10, 2015 after the close of trading on the NYSE MKT. The Company will host a conference call on Wednesday, March 11, 2015 at 10:00 a.m. Eastern Time to talk about financial and operational results for the quarter and year-end.

Emerald Oil, Inc. (NYSEMKT:EOX), is an independent exploration and production operator that is focused on acquiring acreage and developing wells in the Williston Basin of North Dakota and Montana, targeting the Bakken and Three Forks shale oil formations and Pronghorn sand oil formation.

Parsley Energy, Inc. (NYSE:PE), dropped -5.22%, and closed at $14.89, soon after the news release that an independent oil and natural gas company, declared that while there were technical difficulties with the fourth quarter earnings conference call, a replay is now accessible. A telephone replay will be accessible through March 6 by dialing 877-660-6853 (passcode:13600463). A replay of the earnings conference call will also be accessible on the Internet at www.parsleyenergy.com under the “Investor Relations” section of the website.

Parsley Energy, Inc. (NYSE:PE), is an independent oil and natural gas company focused on the attainment, development, and exploitation of unconventional oil and natural gas reserves in the Permian Basin in West Texas.