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Stock Market & Financial Investment News

News Breaks
January 28, 2013
07:22 EDTXOM, NBL, FTI, SWN, HES, PXD, HAL, CVX, CHK, EOG, COP, APC, DVN, CLR, APADeutsche Bank to host a conference
Equity Trading Conference is being held in Tarrytown, NY on January 28.
News For APA;APC;CHK;CLR;COP;CVX;DVN;EOG;FTI;HAL;HES;NBL;PXD;SWN;XOM From The Last 14 Days
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February 18, 2015
08:59 EDTHALSchlumberger, Halliburton, and Baker Hughes estimates cut at Goldman
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08:39 EDTDVNDevon Energy price target raised to $80 from $65 at BMO Capital
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06:53 EDTHALHalliburton initiated with an Outperform at BMO Capital
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06:50 EDTFTIFMC Technologies initiated with a Market Perform at BMO Capital
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06:41 EDTXOMExxonMobil Australia 'well positioned' to pursue acquistions, Reuters reports
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February 17, 2015
17:43 EDTCHKAmerican Energy - Utica responds to Chesapeake lawsuit
American Energy Ė Utica, LLC, or AEU, and The Energy & Minerals Group, or EMG, responded to a meritless lawsuit commenced against AEU by Chesapeake Energy. Chesapeake has erroneously included AEU and certain yet to be named investors in a lawsuit it filed today against certain entities owned or controlled by Aubrey McClendon including American Energy Partners, LP, based on a dispute it has with McClendon in which Chesapeake alleges McClendon misappropriated certain Chesapeake trade secrets upon his separation from Chesapeake in 2013. Chesapeake clearly does not understand the ownership or structure of AEU, which is controlled by EMG, and Chesapeake has made no attempt to understand the ownership structure prior to carelessly and erroneously naming AEU as a party to its lawsuit. The allegations in the Chesapeake lawsuit against AEU are meritless given that all information used by AEU in connection with the acquisition of its assets was either publicly available, provided by the sellers of those assets or independently developed by The Energy & Minerals Group or W.D. Von Gonten & Co., a widely regarded independent petroleum engineering and geological firm with whom EMG has a long standing relationship. EMG is the largest equity investor in AEU followed by First Reserve. Both EMG and FR have been involved with AEU since the initial acquisition of its assets in October, 2013 yet neither was contacted by Chesapeake prior to the filing of this lawsuit. AEU will immediately respond to and vigorously defend this lawsuit and expects to be removed as a defendant as quickly as possible. Additionally, AEU and EMG intend to bring any and all appropriate counterclaims against Chesapeake for the filing of such a meritless case without conducting any reasonable investigation into the factual and legal basis for the claim and for any damages that are incurred by any of such parties as a result.
17:29 EDTCOP, XOMBerkshire Hathaway gives quarterly update on stakes, exits Exxon Mobil
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17:13 EDTDVN, SWNPoint72 gives quarterly update on stakes
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16:25 EDTDVNDevon Energy sees Q1 production 650-673 MBoe/d
Sees 2015 production 637-662 MBoe/d.
16:23 EDTDVNDevon Energy sees 2015 oil production growth 20%-25%
Devonís 2015 E&P capital budget is $4.1B-$4.4B. This level of investment implies around a 20% decline in E&P spending compared to 2014 and is designed to better balance capital expenditures with expected cash inflows, it stated. It added, "Even with reduced E&P capital investment in 2015, the companyís production growth outlook remains unchanged. With significant improvements in completion design and a capital program focused on development drilling, Devon expects to deliver oil production growth of 20 to 25 percent year over year on a retained property basis. This production outlook is driven by balanced oil growth in both the U.S. and Canada."
16:22 EDTDVNDevon Energy reports Q4 core EPS 84c, consensus $1.05
Reports Q4 revenue $6.0B, consensus $4.11B. Production from Devonís retained assets averaged 664,000 oil-equivalent barrels per day during Q4. Devon also delivered record oil production of 239,000 barrels per day in Q4.
15:32 EDTDVNNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Devon Energy (DVN), consensus $1.05... Vornado Realty (VNO), consensus $1.23... Analog Devices (ADI), consensus 61c... FirstEnergy (FE), consensus 75c... CF Industries (CF), consensus $5.08... Agilent Technologies (A), consensus 41c... Cimarex Energy (XEC), consensus 82c... Flowserve (FLS), consensus $1.13... Fossil (FOSL), consensus $3.07... Rackspace (RAX), consensus 19c... Norwegian Cruise Line (NCLH), consensus 37c... Jack in the Box (JACK), consensus 87c... Cloud Peak Energy (CLD), consensus 7c... La-Z-Boy (LZB), consensus 38c... KAR Auction Services (KAR), consensus 29c... Owens & Minor (OMI), consensus 50c... Valmont Industries (VMI), consensus $1.65... Realty Income (O), consensus 66c.
14:47 EDTDVNDevon Energy volatility elevated into Q4 and outlook
Devon Energy February call option implied volatility is at 51, March and April is at 33; compared to its 26-week average of 30 according to Track Data, suggesting large near term price movement into the expected release of Q4 result on February 18.
13:18 EDTHALOmega Advisors gives quarterly update on stakes
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11:24 EDTCHKMcClendon, American Energy say Chesapeake lawsuit 'baseless'
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10:41 EDTCHKChesapeake files suit against founder McClendon, Reuters reports
Chesapeake Energy filed suit today alleging that its founder and former CEO, Aubrey McClendon, "misappropriated highly sensitive trade secrets" in order to launch his new venture American Energy Partners, Reuters reports. Reference Link
06:58 EDTCOP, XOM, CVXBrent oil reaches $62 per barrel, Reuters reports
Driven higher by Middle East turbulence, the price of brent crude oil reached $62 per barrel today, close to its 2015 high, according to Reuters. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
February 16, 2015
11:21 EDTCVXChevron reaches settlement with principal funder of lawsuit in Ecuador
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February 15, 2015
18:10 EDTHALValueAct buys 30M shares of Halliburton after Baker Hughes deal, Bloomberg says
ValueAct Capital has accumulated a 30M share stake in oilfield-services provider Halliburton (HAL) in addition to its holdings in peer Baker Hughes (BHI) as the investor stands behind an agreed merger of the oilfield-services providers, says Bloomberg. Reference Link
16:32 EDTCOP, CVX, XOMInvestors should avoid Exxon, Chevron, ConocoPhillips, Shell, Barron's says
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