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Stock Market & Financial Investment News

News Breaks
June 30, 2014
12:32 EDTFCX, APAApache completes sale of Lucius, Heidelberg Gulf of Mexico developments
Apache (APA) announced that it has completed the previously disclosed sale of non-operated interests in the Lucius and Heidelberg development projects and 11 primary term deepwater exploration blocks to a subsidiary of Freeport-McMoRan (FCX) and other interest owners for $1.4B. Certain working interest owners in the Lucius oil development exercised their preferential rights to purchase their pro-rata share of Apache's interests in Lucius on the same terms as those negotiated by Freeport-McMoRan.
News For APA;FCX From The Last 14 Days
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April 23, 2015
10:47 EDTFCXFreeport McMoRan sees FY16 sales of copper 5.4B pounds, sales of gold 1.9M oz
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10:42 EDTFCXFreeport says IPO alternative for O&G business will highlight value
Provides alternative form of equity capital to fund O&G business. FCX says will maintain control and majority ownership of business. Possible timing for FCX O&G offering is late 2015 if market conditions are favorable. Other alternatives will continue to be assessed in the interim.
10:13 EDTFCXFreeport McMoRan optimistic for mid-term, long-term prospects for business
Comment from Q1 earnings conference call.
08:17 EDTFCXFreeport considering sale of minority equity stake in oil and gas unit
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08:05 EDTFCXFreeport McMoRan sees FY15 capex about $6.5B
Capital expenditures are expected to approximate $6.5B for the year 2015, including $2.5B for major projects at mining operations and $2.8B for oil and gas operations.
08:04 EDTFCXFreeport sees Q2 sales of copper 960M pounds, sales of gold 300K oz.
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08:03 EDTFCXFreeport sees FY15 sales of copper 4.2B pounds, sales of gold 1.3M oz.
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08:02 EDTFCXFreeport McMoRan reports Q1 adjusted EPS (6c), consensus (7c)
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April 22, 2015
15:50 EDTFCXNotable companies reporting before tomorrow's open
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13:31 EDTFCXEarnings Watch: Freeport McMoRan expects to sell 950M pounds of copper in Q1
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10:25 EDTAPANomura U.S. energy analysts hold an analyst/industry conference call
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10:02 EDTAPAOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Alcoa (AA) initiated with a Neutral at Cleveland Research... American Electric (AEP) initiated with a Neutral at Guggenheim... American Water (AWK) initiated with a Buy at Guggenheim... Anadarko (APC) initiated with a Buy at Nomura... Apache (APA) initiated with a Reduce at Nomura... Associated Banc Corp (ASB) initiated with a Market Perform at Wells Fargo... Cabot Oil & Gas (COG) initiated with a Neutral at Nomura... Canadian Natural (CNQ) initiated with a Buy at Nomura... Cenovus Energy (CVE) initiated with a Reduce at Nomura... Chesapeake (CHK) initiated with a Reduce at Nomura... Cimarex Energy (XEC) initiated with a Neutral at Nomura... Communications Sales & Leasing (CSAL) initiated with an Overweight at Stephens... Concho Resources (CXO) initiated with a Buy at Nomura... Consolidated Edison (ED) initiated with a Neutral at Guggenheim... Continental Resources (CLR) initiated with a Buy at Nomura... DTE Energy (DTE) initiated with a Buy at Guggenheim... Denbury Resources (DNR) initiated with a Reduce at Nomura... Depomed (DEPO) initiated with an Overweight at Piper Jaffray... Devon Energy (DVN) initiated with a Neutral at Nomura... Dominion (D) initiated with a Buy at Guggenheim... Duke Energy (DUK) initiated with a Buy at Guggenheim... EOG Resources (EOG) initiated with a Buy at Nomura... Edison International (EIX) initiated with a Neutral at Guggenheim... Encana (ECA) initiated with a Buy at Nomura... Entergy (ETR) initiated with a Neutral at Guggenheim... Eversource (ES) initiated with a Buy at Guggenheim... Exelon (EXC) initiated with a Buy at Guggenheim... FirstEnergy (FE) initiated with a Neutral at Guggenheim... Great Plains Energy (GXP) initiated with a Buy at Guggenheim... Hess Corp. (HES) initiated with a Neutral at Nomura... Marathon Oil (MRO) initiated with a Buy at Nomura... Media General (MEG) initiated with a Neutral at Nomura... Medley Capital (MCC) initiated with a Buy at Janney Capital... Murphy Oil (MUR) initiated with a Neutral at Nomura... Newfield Exploration (NFX) initiated with a Buy at Nomura... Newtek Business Services (NEWT) initiated with a Neutral at Ladenburg... NextEra Energy (NEE) initiated with a Buy at Guggenheim... Noble Energy (NBL) initiated with a Reduce at Nomura... Oasis Petroleum (OAS) initiated with a Neutral at Nomura... PG&E (PCG) initiated with a Neutral at Guggenheim... PPL Corp. (PPL) initiated with a Buy at Guggenheim... PSEG (PEG) initiated with a Buy at Guggenheim... Pernix Therapeutics (PTX) initiated with an Overweight at Piper Jaffray... Pinnacle West (PNW) initiated with a Neutral at Guggenheim... Pioneer Natural (PXD) initiated with a Buy at Nomura... RSP Permian (RSPP) initiated with a Buy at Wunderlich... Range Resources (RRC) initiated with a Buy at Nomura... STMicroelectronics (STM) initiated with a Buy at Craig-Hallum... Southern Company (SO) initiated with a Neutral at Guggenheim... Southwestern Energy (SWN) initiated with a Neutral at Nomura... Starz (STRZA) initiated with a Sector Perform at FBN Securities... Stellus Capital (SCM) initiated with a Neutral at Janney Capital... Suncor (SU) initiated with a Buy at Nomura... TECO Energy (TE) initiated with a Neutral at Guggenheim... Tribune Media (TRCO) initiated with a Hold at Jefferies... Ultra Petroleum (UPL) initiated with a Neutral at Nomura... Whiting Petroleum (WLL) initiated with a Neutral at Nomura... Zogenix (ZGNX) initiated with an Overweight at Piper Jaffray... bluebird bio (BLUE) initiated with a Buy at Maxim.
07:14 EDTAPAApache initiated with a Reduce at Nomura
Target $63.
April 20, 2015
08:32 EDTAPABofA/Merrill European strategists hold an analyst/industry conference call
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April 16, 2015
10:58 EDTFCXStocks with call strike movement; RIG FCX
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April 13, 2015
10:00 EDTFCXOn The Fly: Analyst Downgrade Summary
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10:00 EDTFCXOn The Fly: Analyst Upgrade Summary
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07:20 EDTFCXFreeport McMoRan downgraded at BofA/Merrill
As previously reported, BofA/Merrill downgraded Freeport McMoRan to Underperform from Neutral. The firm lowered Freeport McMoRan free cash flow estimates and price target to $19 from $22.50 following a reduction in copper and Brent oil price forecasts and said it does not expect a recovery until 2017 and the dispute over Grasberg remains an overhang.
07:06 EDTFCXFreeport McMoRan downgraded to Underperform from Neutral at BofA/Merrill
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06:11 EDTFCXFreeport McMoRan upgraded to Buy from Neutral at Citigroup
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