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Stock Market & Financial Investment News

News Breaks
June 27, 2014
10:44 EDTAA, COGStocks with call strike movement; AA COG
Alcoa (AA) October 17 call option implied volatility increased 2% to 17, Cabot Oil & Gas (COG) October 37.5 call option implied volatility increased 3% to 27 according to IVolatility.
News For AA;COG From The Last 14 Days
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October 24, 2014
14:05 EDTCOGConstitutional Pipeline receives FERC final environmental review
Constitution Pipeline Company reported a key regulatory milestone toward approval to construct its proposed pipeline on a schedule that targets increasing natural gas supply to New York and New England markets in time for the winter 2015-16 heating season. The Federal Energy Regulatory Commission, or FERC, on Oct. 24 published its final environmental review of the proposed 124-mile Constitution Pipeline. The FERC action is a key step toward the commission's decision on the project, which is expected as early as late November. Assuming timely receipt of all necessary regulatory approvals, Constitution Pipeline would begin construction as early as the first-quarter next year in order to help meet winter 2015-16 heating-season needs in New York and New England. The FERC’s 90-day federal authorization decision deadline for the project is set for Jan. 22, 2015. Constitution Pipeline Company is owned by subsidiaries of Williams Partners L.P. (WPZ), Cabot Oil & Gas Corporation (COG), Piedmont Natural Gas Company (PNY), and WGL Holdings (WGL).
07:33 EDTCOGCabot Oil & Gas backs FY15 production growth of 20%-30%
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07:33 EDTCOGCabot Oil & Gas added 20 natural gas derivative contracts for 2015 in Q3
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07:32 EDTCOGCabot Oil & Gas reports Marcellus Shale averaged 1,298 Mmcfo per day in Q3
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07:32 EDTCOGCabot Oil & Gas reports Q3 production up 24% to 132.4 Bcfe
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07:31 EDTCOGCabot Oil & Gas reports Q3 EPS 24c, consensus 22c
Reports Q3 revenue $512.02M, consensus $515.76M
October 23, 2014
16:16 EDTAAAlcoa to sell ownership stake in Mt. Holly Smelter to Century Aluminum
Alcoa (AA) announced that it has reached an agreement to sell its ownership stake in the Mt. Holly aluminum smelter in Goose Creek, South Carolina, to Century Aluminum Company (CENX) for $67.5M in cash, plus an additional potential earn-out. Mt. Holly is owned 50.3% by Alcoa and 49.7% by Century. The sale is subject to customary regulatory approvals, and is expected to close by the end of Q4. Based on current estimates, the transaction will not result in a significant gain or loss to Alcoa.
16:09 EDTAACentury Aluminum to acquire full ownership of Mt. Holly Smelter for $67.5M
Century Aluminum Company (CENX) announced that its wholly owned subsidiary has entered into a definitive agreement to acquire Alcoa's (AA) 50.3% stake in the Mt. Holly aluminum smelter. Mt. Holly, located in Berkeley County, South Carolina, employs approximately 600 people and has an annual production capacity of 229,000 metric tons of primary aluminum. Following the closing of the transaction, Century will own 100% of Mt. Holly. Pursuant to the terms of the agreement, Century will acquire Alumax of South Carolina, a subsidiary of Alcoa and owner of Alcoa's 50.3% interest in Mt. Holly, for $67.5M in cash less certain amounts owed by Alumax to Mt. Holly and subject to working capital and other similar adjustments. The transaction is expected to close in Q4 and is subject to customary closing conditions.
15:39 EDTCOGNotable companies reporting before tomorrow's open
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10:01 EDTCOGOn The Fly: Analyst Initiation Summary
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08:13 EDTCOGCabot among Marcellus producers hardest hit by glut, WSJ says
The rapid growth of production from the Marcellus Shale has caused gas prices to drop and forced drillers to re-evaluate operations, with Cabot Oil and Gas (COG) among the hardest hit, said The Wall Street Journal. Other companies mentioned as being impacted and having responded in the report include Ultra Petroleum (UPL), Chesapeake Energy (CHK) and Carrizo Oil & Gas (CRZO). Reference Link
07:00 EDTCOGCabot Oil & Gas initiated with a Neutral at Susquehanna
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October 21, 2014
10:00 EDTCOGOn The Fly: Analyst Upgrade Summary
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05:56 EDTCOGCabot Oil & Gas upgraded to Outperform from Market Perform at Bernstein
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October 15, 2014
09:02 EDTAAAlcoa to sell stake in Jamalco to Noble
Alcoa and Noble Group announced the signing of a definitive agreement that will result in Alcoa World Alumina and Chemicals selling 100% of its ownership stake in the Jamalco bauxite mining and alumina refining joint venture to Noble for $140M. AWAC will continue as the managing operator for three years under a compensated service agreement and employees will remain employed by Jamalco. The Jamalco joint venture is 55% owned by Alcoa Minerals of Jamaica and 45% owned by Clarendon Alumina Production. AMJ is part of the AWAC joint venture, owned 60% by Alcoa and 40 percent by Alumina. CAP is a company wholly owned by the Government of Jamaica. The sale is subject to customary regulatory approvals, and is expected to close by the end of Q4. As a result of the transaction, Alcoa will record a non-cash loss of approximately $80M-$100M, or between 7c-9c per share, after-tax and non-controlling interest in Q4. This sale is in line with Alcoa’s strategy to create a globally competitive commodity business.
09:01 EDTAAAlcoa to sell stake in Jamalco to Noble
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October 14, 2014
16:00 EDTAAOptions Update; October 14, 2014
iPath S&P 500 VIX Short-Term Futures down 40c to 39.11. Option volume leaders: AAPL TSLA TWTR AMZN GILD C JNJ AA NFLX PBR according to Track Data.
October 13, 2014
09:39 EDTAAActive equity options trading on open
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October 10, 2014
17:14 EDTAAMarket ends week lower amid global growth worries
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11:51 EDTAAUpdate: Alcoa upgraded to Strong Buy from Buy at Tigress Financial
Tigress Financial upgraded Alcoa to Strong Buy from Buy and added it to the Focus List. The analyst believes Alcoa's transition to a higher value-added business will drive increasing profits and shareholder returns. Tigress would be aggressive buyers of shares.

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