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Stock Market & Financial Investment News

News Breaks
August 6, 2014
06:34 EDTAPAGF, WPXApco Oil & Gas Chairman of the Board James Bender announced retirement
On July 31, James Bender, Chairman of the Board of Directors of Apco (APAGF), advised the company of his decision to retire, effective as of August 5. On August 5, the board appointed Richard Muncrief to serve as the Company’s Chairman, effective immediately. Muncrief, age 55, is the President and Chief Executive Officer of WPX Energy (WPX), the company’s majority shareholder.
News For APAGF;WPX From The Last 14 Days
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October 17, 2014
17:11 EDTWPXIntegrated Core Strategies reports 4.6% passive stake in WPX Energy
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October 9, 2014
10:21 EDTWPXWPX Energy says will explore opportunistic, bolt-on acquisitions
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10:15 EDTWPXWPX Energy sees increasing market cap threefold by 2020
Says about 100 employees chose to accept early exit program. Sees year end employee headcount down about 15% from year end 2013. Says about 70%-80% of capital is oil focused. Says production guidance "in line" with previously provided view. Says expects to increase market capitalization threefold by 2020; says this belief is not reliant on M&A, bolt on acquisitions. Says targeting $12B market cap by 2020. Sees fivefold increase in oil production by 2020. Says bullish longer term for natural gas. Sees nat gas pricing $3.50-$4.50 over next three years, sees oil market at $80.00-$100.00 a barrel. Comments made on the company's strategy rollout conference call. WPX Energy shares are down 4.78% to $20.53 in morning trading.
09:59 EDTWPXWPX Energy sees Q3 adjusted production 1,060-1,073.3 MMcfe/d
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09:56 EDTWPXWPX Energy reaffirms adjusted full-year production guidance
WPX Energy reaffirmed its full-year production guidance ranges, adjusted for its Powder River sale. In the Williston, WPX says its initial result of larger stimulations encouraging. In San Juan Gallup, WPX says it is completing first two 7,500ʹ laterals and that a 3rd rig has been added. Guidance and comments from slides for strategic update.

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