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March 19, 2014
11:02 EDTOWW, AR, BOFI, PEGHigh option volume stocks: AR PEG BOFI OWW IEF
News For AR;PEG;BOFI;OWW From The Last 14 Days
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January 29, 2015
09:02 EDTBOFIBofI Holding reports Q2 EPS $1.26, consensus $1.22
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January 28, 2015
16:11 EDTARAntero Resources reports 66% increase in proved reserves to 12.7Tcfe
Antero Resources announced that proved reserves at December 31, 2014 were 12.7 Tcfe, a 66% increase compared to proved reserves at December 31, 2013, in each case assuming ethane rejection. Proved, probable and possible, or 3P, reserves at year-end 2014 totaled 40.7 Tcfe, which represents a 16% increase compared to the previous year, also assuming ethane rejection. Antero's December 31, 2014 proved and 3P reserves exclude 615 and 1,535M barrels of ethane, respectively, due to the relationship between ethane and natural gas futures pricing which indicates that ethane will be rejected. Additionally, the company's reserves exclude any reserves attributable to Antero's Utica dry gas resource in West Virginia and Pennsylvania. Antero replaced 1,465% of estimated net production in 2014 from all sources including performance and price revisions. Finding and development costs for proved reserve additions from all sources including costs incurred for drilling and completion capital, acquisitions, land additions and all price and performance revisions averaged 61c per Mcfe, based on preliminary unaudited capital expenditures for 2014. Drill-bit only finding and development costs averaged 46c per Mcfe for 2014. Antero's proved developed reserve additions totaled over 2.1 Tcfe on $2.5B of drilling and completion capital for a development cost of $1.15 per Mcfe in 2014. The reserve life of the Company's proved reserves, based on 2014 production, is approximately 35 years. Antero's estimate of drilling and development costs incurred during 2014, including drilling and completion of $2.5B and leasehold costs of $840M, is approximately $3.3B. The leasehold costs include $415M of acquisitions and $425M of land. Assuming the approximate $3.3B estimate of drilling and development costs, preliminary finding and development costs from all sources for 2014 averaged 61c per Mcfe. Antero's three-year finding and development costs from all sources through 2014 averaged 65c per Mcfe, excluding the Arkoma and Piceance Basin properties that were divested in 2012. The 2014 capital costs are unaudited and preliminary. Final cost amounts will be provided in Antero's Annual Report on Form 10-K for the year ended December 31, 2014.
January 23, 2015
16:55 EDTOWWMarket ends week higher after ECB announces bond purchase plan
Stocks finished higher for the week after the European Central Bank unveiled a larger than expected bond buying plan and earnings season in the U.S. picked up steam. MACRO NEWS: The European Central Bank announced that it would buy EUR 60B of government and private bonds per month through September 2016. Reports before the ECB's official announcement had suggested that the central bank would buy EUR 50B of bonds per month... On a negative note, the International Monetary Fund cut its 2015 global growth outlook to 3.5% from 3.8%... U.S. economic data was mixed, as weekly jobless claims and sales of existing homes in December were worse than expected, but the index of leading economic indicators and new housing permits for December came in above the consensus outlook. COMPANY NEWS: Netflix (NFLX), Starbucks (SBUX), firearm maker Smith & Wesson (SWHC), and Southwest Airlines (LUV) were among the companies whose stocks rose following their results and guidance. On the other side of the ledger, Johnson & Johnson (JNJ), IT management solution provider CA Technologies (CA), UPS (UPS), and application delivery networking products maker F5 Networks (FFIV) were among the companies that fell after they reported their earnings or updated their financial outlooks... M&A reports moved a number of stocks this week. The Financial Post reported that Samsung (SSNLF) had hired investment bank Evercore (EVR) to evaluate a purchase of the troubled Canadian company. Samsung is still considering purchasing BlackBerry (BBRY), the newspaper added. However, Canada's BNN reported that Evercore said that Samsung has not been a recent client of theirs and that they prepare ideas "routinely" on their "own accord." Avon (AVP) has held talks about a potential sale to private equity firm TPG Capital, dealReporter stated. Bloomberg reported that online travel agency Orbitz Worldwide (OWW) is working with an adviser to contact potential buyers and has drawn interest from private-equity funds and other Internet companies... DreamWorks Animation (DWA) tumbled after announcing a new strategic plan that will see it cut its feature production from three films per year down to two and axe about 500 jobs. INDEXES: For the week, the Dow dipped 0.37% to 17,672.60, the Nasdaq rose 1.14% to 4,757.88, and the S&P gained 0.34% to 2,051.82.
10:02 EDTAROn the Fly: Analyst Initiation Summary
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07:41 EDTARAntero Resources initiated with a Neutral at Susquehanna
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07:21 EDTOWWDeutsche cautious on travel stocks into Q4 results
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January 22, 2015
07:44 EDTARAntero Resources price target lowered to $54 from $60 at Canaccord
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January 20, 2015
16:30 EDTARAntero Midstream to expand Marcellus and Utica Shale gathering systems in 2015
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16:26 EDTARAntero Resources CEO comments on FY15 Capital Budget
Commenting on the 2015 capital budget and guidance, Paul Rady, Antero's Chairman and CEO, said, "Despite the challenging commodity price environment, Antero is well positioned to continue executing on our development program and achieve peer-leading growth and margins. Our ability to generate production growth of 40%, while materially reducing the 2015 drilling and completion budget, is a testament to the momentum established and efficiencies attained from having the largest development program in Appalachia." Rady further commented, "Our production and capital budget guidance assumes the deferral of completions in the Marcellus during the second and third quarters of 2015 in order to limit natural gas volumes sold into unfavorable pricing markets including TETCO and Dominion South. Based on our projections for 2015, we will not have access to favorable markets for Marcellus gas in excess of the volumes included in our guidance until the previously disclosed regional pipeline project is placed into service, which is currently projected to be in the fourth quarter of 2015. Consequently, we have adjusted our Marcellus plan so that we can sell the vast majority of our gas into more favorable markets. We will continue to monitor commodity prices throughout the year and may revise the capital budget lower if conditions warrant."
16:23 EDTOWWOn The Fly: Closing Wrap
Stocks began the session in positive territory, but the major averages were unable to hold their early gains. Lackluster earnings reports, the falling price of oil, and lowered global growth expectations appeared to be too much to overcome after a three day holiday weekend. The Dow led the way lower and had losses of more than 100 points before reversing and slowly paring its losses. Late in the day the averages made it back to positive ground, as investors await the next round of earnings due out after the close. ECONOMIC EVENTS: In the U.S., the NAHB homebuilder sentiment index fell to 57 in January, missing expectations for it to hold steady at 58. In China, Q4 GDP growth of 7.3% came in slightly better than expected, though that puts the nation's 2014 GDP growth at 7.4%, which was the lowest reported in 24 years. Of note, the International Monetary Fund cut its forecast for global growth in 2015 to 3.5% and in 2016 to 3.7%, which were both revised down by 0.3% relative to the organization's October 2014 outlook. COMPANY NEWS: Shares of Johnson & Johnson (JNJ) led all decliners on the Dow Jones Industrial Average with a drop of $2.75, or 2.64%, to $101.29 after its Q4 earnings were nearly in-line and its FY15 outlook failed to spur buying of the stock... Morgan Stanley (MS) declined 14c, or 0.4%, to $34.75 after the firm became the latest in the financial space to report headline earnings that missed expectations. MAJOR MOVERS: Among the notable gainers was Smith & Wesson (SWHC), which rose $1.65, or 16.47%, to $11.67 after the gunmaker increased its financial guidance and said it has seen recent, positive trends in the primary indicators it uses to assess its business and the consumer firearm market. Also higher was Orbitz Worldwide (OWW), which jumped 79c, or 8.62%, to $9.95 after Bloomberg reported that the online travel agency is working with an adviser to contact potential buyers and has drawn interest from private-equity funds and "other Internet companies." Among the noteworthy losers was FXCM (FXCM), which plunged $11.03, or 87.33%, to $1.60 after the stock reopened following the company struck a $300M rescue agreement with Leucadia (LUK) and gave further details on that deal over the weekend. Also lower were shares of Redbox owner Outerwall (OUTR), which fell $15.72, or 20.21%, to $62.05 after the company announced that its CEO had stepped down. INDEXES: The Dow rose 3.66, or 0.02%, to 17,515.23, the Nasdaq gained 20.46, or 0.44%, to 4,654.85, and the S&P 500 advanced 3.13, or 0.15%, to 2,022.55.
16:13 EDTARAntero Resources sees FY15 CapEx $1.8B
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14:09 EDTOWWOrbitz jumps after Bloomberg says company may be exploring sale
Shares of online travel agency Orbitz Worldwide (OWW) are jumping after Bloomberg reported that the company is exploring the possibility of selling itself. In a note to investors on January 7, research firm FBR Capital wrote that the company could be acquired for over $10 per share, WHAT'S NEW: Orbitz is exploring a potential sale and private equity firms have expressed interest in acquiring the online travel agency, Bloomberg reported today. ANALYST VIEW: On January 7, research firm FBR Capital estimated that Orbitz could be acquired for $10.27 per share. The firm noted that a trade publication,, had reported that Orbitz could be considering selling itself. Expedia (EXPE) and Priceline (PCLN) could each pay a premium of 30%-plus for Orbitz and still see their profits rise from the acquisition, FBR added. It kept a $9 price target and Outperform rating on Orbitz. PRICE ACTION: In mid-afternoon trading, Orbitz climbed 69c, or 7.5%, to $9.85.
13:51 EDTOWWOrbitz draws private equity interest as sale explored, Bloomberg says
Orbitz Worldwide (OWW) is working with an adviser to contact potential buyers and has drawn interest from private-equity funds and "other Internet companies," according to Bloomberg, citing people with knowledge of the matter. Shares of Orbitz are up over 10% after the report, while several other names in the online travel space, such as Priceline (PCLN), Expedia (EXPE), and TripAdvisor (TRIP) are also moving. Reference Link
13:43 EDTOWWExpedia, TripAdvisor tick higher after report on Orbitz sale exploration
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13:41 EDTOWWOrbitz jumps 11%, halted for circuit breaker after report of sale exploration
13:41 EDTOWWOrbitz exploring potential sale, seeing private equity interest, Bloomberg says
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