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Stock Market & Financial Investment News

News Breaks
June 12, 2014
06:59 EDTAPC, XOMAnadarko takeover by Exxon Mobil unlikely, says JPMorgan
JPMorgan believes an Anadarko (APC) takeover by Exxon Mobil (XOM), as rumored during the trading day yesterday, is not likely. The firm notes that Anadarko listed its net asset value in March at above $140 per share. As such, the firm thinks management could require a premium to the NAV in a corporate takeover. JPMorgan believes a more likely scenario is Anadarko undertaking accretive transactions, including the monetization of assets. It has an Overweight rating on the stock.
News For APC;XOM From The Last 14 Days
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May 22, 2015
10:21 EDTXOMExxon Mobil says media reports on Iran sanctions lobbying inaccurate
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May 20, 2015
13:15 EDTXOMExxon Mobil announces significant oil discovery offshore Guyana
Exxon Mobil announced a significant oil discovery on the Stabroek Block, located approximately 120 miles offshore Guyana. The well was drilled by ExxonMobil affiliate, Esso Exploration and Production Guyana Ltd., and encountered more than 295 feet of high-quality oil-bearing sandstone reservoirs. It was safely drilled to 17,825 feet in 5,719 feet of water. Stabroek Block is 6.6M acres. The well was spud on March 5. The well data will be analyzed in the coming months to better determine the full resource potential. Esso Exploration and Production Guyana Ltd. holds 45% interest. Hess Guyana Exploration Limited holds 30% interest and CNOOC Nexen Petroleum Guyana Limited holds 25% interest.
07:26 EDTAPCUBS to hold a conference
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May 18, 2015
05:10 EDTAPCAnadarko selects contractor for initial onshore Mozambique LNG development
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May 15, 2015
14:15 EDTAPCChicago Bridge & Iron jumps after reportedly in-line for big Anadarko deal
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07:09 EDTAPCHayman Capital gives quarterly update on stakes
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06:44 EDTXOMEnvironmentalists file lawsuit over oil train safety rules, NY Times says
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May 11, 2015
13:28 EDTXOMOPEC sees oil at around $76 a barrel in 2025, WSJ says
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10:01 EDTXOMExxon Mobil announces Cold Lake project expansion begins production on schedule
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