New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 20, 2013
08:37 EDTAPC, CIE, MRO, COPAnadarko, Cobalt rise following Gulf of Mexico oil discovery
Shares of Anadarko Petroleum (APC), along with those of its partners in a deepwater Gulf of Mexico exploration project, are higher after the companies reported a large oil discovery. Anadarko said its "Shenandoah-2" well encountered more than 1,000 net feet of oil pay, marking "one of Anadarko's largest oil discoveries in the Gulf of Mexico." In its own press release, Cobalt International Energy (CIE) confirmed the Shenandoah-2R appraisal well encountered more than 1,000 net feet of oil pay, compared to the Shenandoah-1 discovery well, drilled in early 2009, which encountered more than 300 net feet of Inboard Lower Tertiary oil pay. Anadarko stated it is the operator of the Shenandoah-2 well, and the previously announced Shenandoah-1 discovery well, with a 30% working interest. Co-owners in Shenandoah include Cobalt with a 20% working interest, ConocoPhillips (COP) with a 30% working interest, Marathon Oil (MRO) with a 10%working interest and Venari Resources with a 10% working interest. In a note to investors this morning, Wells Fargo estimated the new well could increase Anadarko's value by about $4 per share based on the value of two of the company's prior projects. In trading prior to the opening bell, Anadarko shares rose about $2.70, or 3.3%, to $86.00, while Cobalt gained 7.2% to $27.65 and ConocoPhillips advanced 1.4% to $60.12.
News For APC;CIE;MRO;COP From The Last 14 Days
Check below for free stories on APC;CIE;MRO;COP the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
August 17, 2014
17:56 EDTCOPBB&T, Juniper, two others look discounted, Barron's says
Subscribe for More Information
August 14, 2014
17:16 EDTCIEPaulson & Co gives quarterly update on stakes
Subscribe for More Information
17:00 EDTAPCGreenlight Capital gives quarterly update on stakes
Subscribe for More Information
16:54 EDTCOPBerkshire Hathaway gives quarterly update on stakes
Subscribe for More Information
14:13 EDTCIEOmega Advisors gives quarterly update on stakes
Subscribe for More Information
06:24 EDTCOP, MROLibya to restart exports from Es Sider oil port, WSJ reports
Libya will resume exports from Es Sider, its largest oil port, next week following a one-year disruption, sources tell the Wall Street Journal. Es Sider's preliminary loading plans involve six 60,000 barrel tankers drawing on oil stored at the terminal, split between state-owned National Oil Co, Hess (HES), ConocoPhillips (COP) and Marathon Oil (MRO). Reference Link
August 11, 2014
16:46 EDTCIEPaulson & Co. reports 10.1% passive stake in Cobalt
Subscribe for More Information
08:37 EDTMROMarathon Oil signs exploration, production sharing contract for Gabon Block G13
Marathon Oil, through its wholly owned subsidiary Marathon Oil Exploration, announced it has signed an exploration and production sharing contract, or EPSC, for Gabon offshore Block G13, which was named Tchicuate upon signing, located in the deepwater, pre-salt play. The company was the high-bidder on the block in Gabon's licensing round in October 2013. The Tchicuate Block encompasses 275,000 acres with water depths ranging from approximately 3,250 to 8,250 feet. It is located approximately 50 miles offshore the coast of Gabon and near proven shallow-water, pre-salt oil discoveries. Marathon Oil holds a 100% participating interest and operatorship in the block. In the event of development, the Republic of Gabon will assume a 20% financed interest in the contract upon commencement of production. The State holds additional rights to participate in the block in the future as a co-investor. Marathon Oil also holds a 21.25% working interest in the non-operated Diaba License G4-223, encompassing 2.2M gross acres, where the Diaman-1B discovery was made in 2013.
06:01 EDTAPCStocks with implied volatility movement; S APC
Subscribe for More Information
August 8, 2014
10:21 EDTAPCAnadarko calls active on renewed takeover chatter
Subscribe for More Information
10:18 EDTAPCRumor: Anadarko moves up on renewed takeover chatter
Subscribe for More Information
August 7, 2014
08:36 EDTCOPConocoPhillips weakness creates favorable entry point, says Argus
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use