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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
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October 16, 2014
08:14 EDTMROInternational E&P price targets lowered at Wells Fargo
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07:23 EDTCIEHart Energy to hold a conference
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October 15, 2014
17:22 EDTMROMarathon Oil receives about $2.1B from sale of Norway business
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07:44 EDTCOPExxon, Shell behind rivals in lowering greenhouse gas emissions, WSJ reports
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07:36 EDTMROMarathon Oil volatility at three-year high as WTI Crude trades below $82
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October 14, 2014
11:52 EDTAPCStocks with call strike movement; APC GILD
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October 13, 2014
12:33 EDTCIEOptions with increasing implied volatility
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11:23 EDTAPCStocks with call strike movement; APC TSO
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06:36 EDTCOPSaudi Arabia content to let oil prices stay low, Reuters reports
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October 12, 2014
13:53 EDTCOPKuwaiti Minister says OPEC unlikely to cut production, WSJ says
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13:45 EDTCOPSaudis take aggressive oil measures in Europe, WSJ says
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October 10, 2014
12:11 EDTCIEOptions with increasing implied volatility
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10:31 EDTCOPConocoPhillips files arbitration agianst PDVSA for contractual compensation
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06:22 EDTCOPConocoPhillips volatility increases as oil pulls back to multi-year lows
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October 9, 2014
11:37 EDTAPCStocks with call strike movement; RIG APC
Transocean (RIG) January 34 call option implied volatility increased 5% to 38, Anadarko (APC) January 115 call option implied volatility increased 8% to 39 according to IVolatility.
06:12 EDTAPCAnadarko implied volatility of 37 at upper end of index mean range
October 8, 2014
09:01 EDTCOPConocoPhillips confirms start of oil production from offshore Malaysia facility
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October 7, 2014
08:32 EDTCOPConocoPhillips announces offshore Senegal oil discovery
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October 6, 2014
10:04 EDTCOPOn The Fly: Analyst Upgrade Summary
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06:28 EDTCOPConocoPhillips upgraded to Neutral from Sell at UBS
UBS upgraded ConocoPhillips to Neutral based on relative valuation and supportive dividend yield. Price target lowered to $78 from $80.
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