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Stock Market & Financial Investment News

News Breaks
March 6, 2013
11:36 EDTAPC, COP, CHK, EOG, HES, DVNChina 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
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October 1, 2014
13:52 EDTHESActivist firm Relational winding down, dissolving funds, WSJ says
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12:18 EDTCHKChesapeake says capital efficiency is main driver for company looking forward
The company said it is focusing on financial discipline, adding thing it is time to grow without increasing its capital base. Chesapeake said it will continue to look aggressively at growing its position, but it can grow production and reserve position just by focusing on what they own today. Chesapeake said it is pleased with the progress it has made, but is nowhere it wants to be. Targets 2014 production growth of 9%-12%. Says capital efficiencies is coming in everything they do, including cycle times. Says liquidity remains strong, approach $4B. The company said its 2014 CapEx is $5.8B compared to $15B in 2012. Continues to anticipate year-end 2014 exit rate will exceed 730,000 boe per day. Comments taken from Deutsche Bank Annual Leveraged Finance Conference.
07:38 EDTCOPRailcar, oil groups push back over crude-train deadlines, WSJ says
The Association of American Railroads, which represents oil and freight haulers, and the American Petroleum Institute, the lobbying group for oil companies, told the U.S. Transportation Department that they need more than two years to build safer railcars to haul crude, pushing back against some proposed federal rules, reported The Wall Street Journal. Rail car makers include Trinity Industries (TRN), FreightCar America (RAIL), American Railcar Industries (ARII) and Greenbrier (GBX). Publicly traded oil majors include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
07:20 EDTCHKDeutsche Bank to hold a conference
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September 29, 2014
07:11 EDTAPCAnadarko's tax asset from Tronox may be worth $3+ per share, says Credit Suisse at Credit Suisse
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September 24, 2014
08:27 EDTHESHess Midstream Partners LP files IPO
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08:14 EDTDVNEnLink completes contruction of Phase II Cajun-Sibon NGL project
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07:59 EDTEOGEOG Resources nat gas plant fire injures four, Reuters reports
A storage tank "flash fire" at an EOG Resources natural gas production facility in Wyoming resulted in injuries for four workers, though a company spokesman did not immediately respond to questions about the extent of damage and disruption to operations, reported Reuters. Reference Link
September 22, 2014
10:06 EDTDVNDevon Energy management to meet with FBR Capital
Meetings to be held in Minneapolis/Madison/Milwaukee September 24-25 hosted by FBR Capital.
September 20, 2014
20:43 EDTCHKChesapeake, Weatherford seem attractive, Barron's says
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September 18, 2014
07:38 EDTDVN, EOG, HES, APCUBS to hold a conference
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September 17, 2014
10:44 EDTHESHess, PDVSA said to finally find buyer for Hovensa refinery, TankTerminals says
U.S. Virgin Islands Governor John de Jongh said Monday that Hovensa, which is jointly owned by Hess and PDVSA, has agreed in principle with an unidentified buyer for the sale of its refinery assets, though a Hovensa spokesman said Tuesday that the company has no comments on a deal or the governor's comments, reported TankTerminals.com. Reference Link
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."

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