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Stock Market & Financial Investment News

News Breaks
July 5, 2013
10:29 EDTZTS, GOLD, BWLD, SDRL, GLNG, APA, SBMRY, ICAOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Apache (APA) upgraded to Buy from Hold at Argus... Buffalo Wild Wings (BWLD) upgraded to Buy from Hold at Miller Tabak... Empresas ICA (ICA) upgraded to Neutral from Sell at Citigroup... Golar LNG (GLNG) upgraded to Neutral from Sell at Goldman... Randgold Resources (GOLD) upgraded to Neutral from Reduce at Nomura... SABMiller (SBMRY) upgraded to Buy from Hold at Societe Generale... Seadrill (SDRL) upgraded to Buy from Neutral at BofA/Merrill... Zoetis (ZTS) upgraded to Buy from Neutral at BofA/Merrill.
News For APA;BWLD;ICA;GLNG;GOLD;SBMRY;SDRL;ZTS From The Last 14 Days
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March 31, 2015
08:13 EDTAPAApache reports results from discoveries in Egypt's western desert
Apache reported strong appraisal- and development-drilling results from Egypt following the previously announced discovery of two new oil fields in the Western Desert. The initial discoveries were announced with the fourth quarter 2014 results on Feb. 12, 2015. Development leases were approved by the Egyptian General Petroleum Corporation and Ministry of Petroleum in record time, taking only 13 days from submission of the development plan for Berenice, and only six days for Ptah. The Berenice and Ptah fields are located in the Faghur Basin along the same fault trend in the Khalda Offset Concession. Exploration and drilling efforts are targeting rock from both the Mesozoic and deeper Paleozoic eras. These targets are a PRIMARY focus for Apache Egypt and have proven successful in this area with oil and gas discoveries made at the nearby Shu-1X, Apries-1X, Bat-1X and Geb-1X wells, although Ptah is the largest new field found in the play thus far. Five wells, including the discovery wells, have been completed to date by Khalda Petroleum Company, Apache's joint-venture company with EGPC. All five wells are producing without the need for fracture stimulation at a combined rate of more than 13,600 barrels of oil per day with first production starting in November 2014. The wells have produced approximately 1 million barrels of oil to date. Apache has invested $14 million to install production facilities and plans to invest another $35 million to handle the forecasted production increase. The Berenice field started producing light oil from the Cretaceous-aged Alam El Buieb formations in November 2014. Three wells are currently producing more than 9,500 bbl/d from a 700-acre drainage area with pay zones that range between 38 feet and 142 feet. The Ptah field started producing light oil from the Paleozoic-aged Shiffah Formation in December 2014. This field also has substantial target zones logged in the AEB-3D/-3E formations that have yet to be tested. In the Shiffah, the field discovery well is currently producing 2,350 bbl/d and a second well started production in March 2015 at a rate of 2,000 bbl/d.
06:10 EDTSBMRYMillerCoors profit margins under pressure, JV still seeking CEO, WSJ reports
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March 30, 2015
05:55 EDTSDRLStocks with implied volatility movement; BTU SDRL
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March 26, 2015
10:56 EDTZTSOptions with increasing implied volatility
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March 25, 2015
12:58 EDTZTSPershing Square raises stake in Valeant, says will discuss acquisitions
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07:13 EDTGLNGDeutsche Bank to hold a summit
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March 23, 2015
11:22 EDTBWLDBuffalo Wild Wings Q1 SSS strong but wing prices are high, says Wunderlich
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10:00 EDTAPAOn The Fly: Analyst Downgrade Summary
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08:15 EDTAPAApache downgraded to Neutral from Buy at Citigroup
Citigroup downgraded Apache to Neutral after resuming coverage of the stock and cut its price target for shares to $60 from $74.
March 20, 2015
15:25 EDTSDRLSeadrill volatility at three-month low
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10:51 EDTGOLDRandgold downgraded to Reduce from Neutral at Nomura
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March 18, 2015
08:52 EDTICAEmpresas ICA reconfigures executive structure
Empresas ICA announced organizational and management changes as part of ICA's ongoing leadership transition process. These changes are effective June 1. The Construction division will be reconfigured to focus on public and private third party clients in Mexico, and will be led by Jorge Delgado, currently the most senior manager in the Construction division. The International division will manage all construction projects for international clients and oversee international affiliates. Rubén López, head of International business development, will head this division. The reconfigured Concessions division will integrate all phases of the infrastructure concessions life cycle, including construction, management and operation, as well as capital recycling transactions. Victor Bravo, currently CFO, will head this division. Gabriel de la Concha will become CFO. Luis Horcasitas and Carlos Mendez, current leaders of the Construction and Concessions divisions, respectively, will now become Executive VPs, advising the CEO and Executive Committee.

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