New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 6, 2013
11:36 EDTEOG, APC, DVN, CHK, HES, COPChina oil companies looking for U.S shale stakes, Bloomberg says
China's largest oil company, China National Petroleum, is looking for its first stake in the U.S. as Chinese energy explorers flush with cash look to join the energy renaissance and increase crude production, says Bloomberg. "Chinese oil companies using government loans want stakes in shale fields that are fostering the most crude production in the U.S. in 21 years and helping wean it off Middle Eastern imports." Reference Link
News For APC;COP;CHK;EOG;HES;DVN From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
July 7, 2015
05:25 EDTEOGEOG Resources upgraded to Hold from Underperform at Jefferies
Jefferies upgraded EOG Resources to Hold citing valuation and growth expectations. The firm keeps an $80 price target for shares.
July 6, 2015
16:18 EDTAPCLegacy Reserves announces $440M acquisition of assets in East Teaxas
Legacy Reserves (LGCY) announced it has entered into separate agreements with affiliates of Anadarko Petroleum (APC) and Western Gas Partners (WES) to purchase natural gas properties and gathering and processing assets in East Texas for a combined $440M. These properties represent Legacy's entry into a new basin in East Texas and into meaningful gathering and processing operations supporting the natural gas properties. The closings of these transactions are expected to occur in the third quarter, and the purchase prices remain subject to customary adjustments. Legacy anticipates funding these transactions with borrowings under its revolver. Highlights of this acquisition are as follows: Estimated proved reserves of approximately 420 Bcfe of which 100% are natural gas, 95% are classified as proved developed producing, and 95% are operated. Estimated Q3 production of approximately 70 Mmcfe/d, yielding a proved reserves-to-production ratio of 16.4 years. Multi-year development plan centered on recompletions and workovers to further flatten production declines and extend the productive life of the fields Significant additional drilling inventory in a higher gas price environment. 567 miles of high-pressure pipeline and low-pressure gathering lines and a 502 Mmcfe/d processing plant with access to 5 major gas markets. Expected NTM cash flow of approximately $60M.
16:00 EDTCHKOptions Update; July 6, 2015
iPath S&P 500 VIX Short-Term Futures up 50c to 20.47 Option volume leaders: AAPL MU BAC FB CHK PBR ODP BABA INTC F TSLA DHR CVX AAL FCX ABX.
July 2, 2015
11:14 EDTCHKStocks with call strike movement; CHK PBR
Subscribe for More Information
July 1, 2015
18:20 EDTAPC, COP, EOGShell CEO says Opec production has pressured shale companies, FT reports
In an interview with the Financial Times, Shell (RDS.A, RDS.B) CEO Ben van Beurden said Opec's decision not to cut production has sent a "powerful signal... to shale oil companies as well as their financiers that they cannot forget the price risk. The industry will remember it for some time." The CEO noted that industry efforts to boost efficiency and cut costs should keep production going for "a while to come... until the sweet spots start running out." Publicly traded companies in the space include Chevron (CVX), Anadarko Petroleum (APC), Exxon Mobil (XOM), BP (BP), Marathon Oil (MRO), BHP Billiton (BHP), ConocoPhillips (COP), Pioneer Natural Resources (PXD), EOG Resources (EOG), Concho (CXO), Whiting Petroleum (WLL), and Continental Resources (CLR). Reference Link
18:19 EDTEOGZaZa Energy reports mid-year reserves update
Subscribe for More Information
11:19 EDTAPCAnadarko July calls active on renewed takeover chatter
Subscribe for More Information
11:04 EDTAPCRumor: Anadarko moves up on renewed takeover chatter
Subscribe for More Information
June 29, 2015
10:14 EDTAPCBP, Anadarko penalty appeals rejected by Supreme Court, Reuters reports
Subscribe for More Information
10:09 EDTCHKOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:36 EDTAPCBP, Anadarko appeals on penalties rejected by Supreme Court, Reuters reports
The companies were rejected on appeals to avoid clean water act penalties related to the Deepwater Horizon spill, Reuters said.
08:21 EDTEOGEOG Resources outperformance likely to resume, says BMO Capital
After meeting with EOG, BMO Capital says that it has become more upbeat on the stock's outlook. The firm says that the company's production is expected to bottom in Q2, and it expects the stock to resume outperforming,.
06:45 EDTCHKChesapeake upgraded to Buy from Underperform at Sterne Agee CRT
Sterne Agee CRT upgraded Chesapeake (CHK) two notches to Buy from Underperform and increased its price target to $13 from $9. The firm said shares are now oversold and the "short" call is now crowded. Sterne Agee CRT said management is working to mitigate the near-term liquidity drain and is aggressively pursuing alternatives to keep pipeline counter-party Williams Companies (WMB) whole on its contract, which could reset shares higher. The firm said the focus should be on Chesapeake's absolute liquidity and raised estimates to reflect slightly improved NGL fundamentals. Sterne Agee CRT recommends trading oriented accounts cover shorts and go long as any catalyst may drive a short squeeze rally in shares.
June 25, 2015
16:00 EDTCHKOptions Update; June 25, 2015
Subscribe for More Information
15:48 EDTCHKChesapeake options active as share trend lower
Chesapeake July 11 and 12 puts are active on total put volume of 59K contracts (43K puts). July call option implied volatility is at 42, August is at 44; compared to its 52-week range of 23 to 68. Active put volume suggests traders taking positions for large price movement.
11:50 EDTAPCAnadarko, Jera in talks over Mozambique long-term gas import deal, Reuters says
Subscribe for More Information
10:00 EDTCHKOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
05:56 EDTCHKChesapeake downgraded to Sell from Neutral at UBS
UBS analyst William Featherston downgraded Chesapeake Energy (CHK) to Sell after his firm cut its long-term normalized natural gas price forecast to $4.00 from $4.50. Featherston thinks Chesapeake carries "far too much financial leverage" and he views the shares as expensive relative to peers. The analyst cut his price target for the stock to $11 from $16. Shares of the natural gas producer closed yesterday down 22c to $11.56. Featherston coupled the downgrade with an upgrade of Marathon Oil (MRO) to Buy.
June 24, 2015
11:12 EDTCOPConocoPhillips management to meet with Jefferies
Subscribe for More Information
07:19 EDTCOPU.K. panel to decide on first fracking in area since 2011, WSJ reports
Subscribe for More Information
1 | 2 | all recent news | >>

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