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Stock Market & Financial Investment News

News Breaks
March 5, 2014
04:55 EDTAREX, AREX, ROSE, ROSE, PVA, PVA, NOG, NOG, KOG, KOG, GDP, GDP, EQT, EQT, EOG, EOG, CHK, CHK, WLL, WLLWells Fargo to hold a forum
5th Annual Exploration & Production 1:1 Forum is being held in Boston on March 6.
News For AREX;CHK;EOG;EQT;GDP;KOG;NOG;PVA;ROSE;WLL From The Last 14 Days
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February 20, 2015
06:24 EDTNOGNorthern Oil and Gas downgraded to Hold from Buy at Canaccord
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06:14 EDTEOGEOG Resources downgraded to Neutral from Buy at UBS
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06:04 EDTCHKChesapeake March volatility elevated into Q4 and outlook
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February 19, 2015
09:59 EDTEOGOn The Fly: Analyst Downgrade Summary
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09:12 EDTEOGOn The Fly: Pre-market Movers
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06:13 EDTEOGEOG Resources downgraded to Neutral from Buy at Citigroup
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04:46 EDTGDPStocks with implied volatility movement; GDP SD
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February 18, 2015
18:55 EDTEOGOn The Fly: After Hours Movers
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17:15 EDTEOGEOG Resources expects to complete about 45% fewer wells in FY15
EOG's primary goal for 2015 is to position the company to resume long-term growth once crude oil prices recover. The company is not interested in accelerating crude oil production in a low-price environment. Capital expenditures for 2015 are expected to range from $4.9B-$5.1B, including production facilities and midstream expenditures, and excluding acquisitions. This 40 percent reduction compared to 2014 reflects EOG's commitment to capital discipline in a low crude oil price environment. Capital will be allocated primarily to EOG's highest rate-of-return oil assets, the Eagle Ford, Delaware Basin and Bakken plays. To further enhance capital efficiency, EOG plans to utilize rigs under existing commitments and delay a significant number of completions. Delaying completions increases returns, adds substantial net present value and prepares the company to resume strong oil growth when commodity prices recover. Due to reduced capital spending and delayed completions, EOG expects to complete approximately 45% fewer wells in 2015 versus 2014. Therefore, the midpoint for 2015 total company crude oil production guidance is essentially flat year over year. Once again, EOG plans to minimize investment in domestic dry natural gas drilling. As a result, its U.S. natural gas production and total company production are expected to decline modestly. Year after year, EOG has relentlessly focused on advancing its industry-leading completion technology and driving down unit costs through efficiency gains. That will not change in 2015. Finally, the company expects to use its strong balance sheet to capitalize on unique opportunities created by this low-price environment to add high-quality acreage.
17:14 EDTEOGEOG Resources reports Q4 EPS 79c, consensus $1.02
Reports Q4 revenue $4.65B, consensus $4.14B.
15:35 EDTEOGNotable companies reporting after market close
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10:05 EDTROSEOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Agnico Eagle (AEM) upgraded to Overweight from Neutral at JPMorgan... Amarin (AMRN) upgraded to Buy from Neutral at SunTrust... Capital Product (CPLP) upgraded to Accumulate from Neutral at Global Hunter... Carlyle Group (CG) upgraded to Buy from Neutral at Citigroup... Danone (DANOY) upgraded to Neutral from Underperform at Exane BNP Paribas... Express (EXPR) upgraded on lower promotional activity at Piper Jaffray... Kforce (KFRC) upgraded to Outperform from Market Perform at Avondale... Legg Mason (LM) upgraded to Buy from Hold at Jefferies... Rackspace (RAX) upgraded following Q4 results at Pacific Crest... Rosetta Resources (ROSE) upgraded to Buy from Neutral at Global Hunter... SeaChange (SEAC) upgraded to Buy from Hold at Noble Financial... Valero (VLO) upgraded to Outperform from Neutral at Credit Suisse... Veeco (VECO) upgraded to Buy from Hold at Noble Financial... Wolverine World Wide (WWW) upgraded to Neutral from Underperform at Sterne Agee.
09:28 EDTEOGEOG Resources volatility increases into Q4 results and outlook
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09:10 EDTPVAOn The Fly: Pre-market Movers
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08:08 EDTROSERosetta Resources upgraded to Buy from Neutral at Global Hunter
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07:42 EDTPVAPenn Virginia sees FY15 production 8.7-9.6 MMBOE
Sees FY15 daily production 23,800-26,300 BOEPD. Sees FY15 CapEx $2.95M-$345M. Sees drilling and completion capital expenditures to range between $6.0M-$7.5M per well for wells with two strings of casing, assuming 15 to 25 frac stages, and between $6.5M-$10.5M per well for 3-string wells, assuming 12 to 33 frac stages.
February 17, 2015
17:43 EDTCHKAmerican Energy - Utica responds to Chesapeake lawsuit
American Energy Utica, LLC, or AEU, and The Energy & Minerals Group, or EMG, responded to a meritless lawsuit commenced against AEU by Chesapeake Energy. Chesapeake has erroneously included AEU and certain yet to be named investors in a lawsuit it filed today against certain entities owned or controlled by Aubrey McClendon including American Energy Partners, LP, based on a dispute it has with McClendon in which Chesapeake alleges McClendon misappropriated certain Chesapeake trade secrets upon his separation from Chesapeake in 2013. Chesapeake clearly does not understand the ownership or structure of AEU, which is controlled by EMG, and Chesapeake has made no attempt to understand the ownership structure prior to carelessly and erroneously naming AEU as a party to its lawsuit. The allegations in the Chesapeake lawsuit against AEU are meritless given that all information used by AEU in connection with the acquisition of its assets was either publicly available, provided by the sellers of those assets or independently developed by The Energy & Minerals Group or W.D. Von Gonten & Co., a widely regarded independent petroleum engineering and geological firm with whom EMG has a long standing relationship. EMG is the largest equity investor in AEU followed by First Reserve. Both EMG and FR have been involved with AEU since the initial acquisition of its assets in October, 2013 yet neither was contacted by Chesapeake prior to the filing of this lawsuit. AEU will immediately respond to and vigorously defend this lawsuit and expects to be removed as a defendant as quickly as possible. Additionally, AEU and EMG intend to bring any and all appropriate counterclaims against Chesapeake for the filing of such a meritless case without conducting any reasonable investigation into the factual and legal basis for the claim and for any damages that are incurred by any of such parties as a result.
11:24 EDTCHKMcClendon, American Energy say Chesapeake lawsuit 'baseless'
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10:41 EDTCHKChesapeake files suit against founder McClendon, Reuters reports
Chesapeake Energy filed suit today alleging that its founder and former CEO, Aubrey McClendon, "misappropriated highly sensitive trade secrets" in order to launch his new venture American Energy Partners, Reuters reports. Reference Link
04:40 EDTGDPStocks with implied volatility movement; AXP GDP
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