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.
September 18, 2014
07:38 EDTAPCUBS to hold a conference
Subscribe for More Information
07:26 EDTCIEDeutsche Bank to hold a conference
Subscribe for More Information
September 17, 2014
07:40 EDTMRO, CIEUBS to hold a conference
Houston Energy Bus-less Tour is being held in Houston on September 17-19 with webcasted company presentations to begin on September 17 at 8:30 am; not all company presentations may be webcasted. Webcast Link
07:07 EDTCIECobalt management to meet with Deutsche Bank
Subscribe for More Information
05:38 EDTCOPWestern Refining to acquire Wingate Plant, assets from ConocoPhillips
Western Refining (WNR) announced that it has entered into an agreement for the acquisition of the 25,000 bpd idled Wingate Fractionation Plant in Gallup, New Mexico from ConocoPhillips (COP). The Wingate facility includes rail loading and offloading capabilities and storage facilities in addition to natural gas liquids fractionation capability. The transaction is expected to close in early October. Terms of the transaction were not disclosed. Jeff Stevens, Western's president and CEO said, "The strategic location of the Wingate facility is a great addition to the logistical assets of Western. It is conveniently located near our Gallup Refinery. This transaction will afford Western greater flexibility in the Four Corners region as it will provide approximately 125,000 barrels of pipeline-connected seasonal NGL storage for our Gallup Refinery; crude oil loading and transportation capabilities, both east and west, through the rail loading terminal; and pipeline connectivity to Western Refining Logistics (WNRL) assets."
September 16, 2014
10:47 EDTCOPBadri sees OPEC lowering oil output target at next meeting, Reuters says
Subscribe for More Information
07:42 EDTAPCDeutsche Bank to hold a conference
Subscribe for More Information
07:00 EDTCIECobalt management to meet with Deutsche Bank
Meeting to be held in Geneva on September 16 hosted by Deutsche Bank.
September 15, 2014
20:02 EDTCOPConocoPhillips auctioning 24% stake in the Clair oilfield, FT reports
ConocoPhillips (COP) has hired banks to sell its 24% stake in UK's largest oilfield, The Financial Times reports, citing people familiar with the matter. The 24% stake could be valued between $2B-$3B, the people added. The Clair oilfield sits in Scottish territorial waters, and Conoco's interest in exiting the project is a sign of the challenges facing the North Sea oil industry, The Financial Times added. BP (BP) operates the Clair oilfield and owns a 28.6% stake, Royal Dutch Shell (RDS.A) controls a 28.6% stake, and Chevron (CVX) controls a 19% stake. Reference Link
07:51 EDTCIECobalt management to meet with Deutsche Bank
Subscribe for More Information
07:23 EDTMROHart Energy to hold a conference
2014 DUG Eagle Ford Conference to be held in San Antonio, California on September 15-17.
September 10, 2014
08:22 EDTCOPBofA/Merrill oil and gas analysts hold an analyst/industry conference call
Subscribe for More Information
September 9, 2014
10:10 EDTMRO, COPOn the Fly: Analyst Upgrade Summary
Subscribe for More Information
09:08 EDTMROMarathon Oil upgraded to Buy from Accumulate at Tudor Pickering
07:40 EDTCOPConocoPhillips upgraded to Neutral from Underperform at BofA/Merrill
Subscribe for More Information
September 8, 2014
07:33 EDTMROMarathon Oil price target raised to $50 from $45 at Oppenheimer
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