|May 21, 2014|
|06:27 EDT||BHP||BHP Billiton warns on potential strike at Port Hedland|
BHP Billiton President Iron Ore, Jimmy Wilson expressed growing concern over possible industrial action by members of the Maritime Union of Australia at the Port of Port Hedland. Wilson said any action by MUA members would have severe consequences for Australian exports and would damage the country’s international reputation, and its overall national interest. “Industrial action by the MUA will stop all shipments out of the Port and cost exporters like BHP Billiton, Fortescue Metals Group and Atlas Iron about A$100M a day. In addition, the State and Federal Government stand to lose tens of millions of dollars a day in royalties and corporate tax revenue,” he said. "Mining companies like BHP Billiton will not be able to make up the shipments lost during industrial action, and governments cannot recover the lost royalties and taxes. Any interruption to shipments of iron ore would have a detrimental impact on Australia’s international reputation as a stable and reliable supplier of critical resources. BHP Billiton is actively pursuing the limited options available to the company under the Fair Work Act to prevent industrial action at Australia’s largest export port." Reference Link
News For BHP From The Last 14 Days
|October 27, 2014|
|07:28 EDT||BHP||BHP Billiton says could sell Fayetteville shale gas assets|
BHP CEO Andrew Mackenzie said in a statement, "As we look to improve the balance of liquids and gas across our Petroleum portfolio we have initiated the marketing our Fayetteville acreage. However, we will only divest the field if it maximizes value for shareholders."
|October 21, 2014|
|17:58 EDT||BHP||BHP Billiton Q1 iron-ore output up 17% YoY to 57.09 tons|
|17:56 EDT||BHP||BHP Billiton Q1 copper output down 3% YoY to 389,400 tons|
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|10:00 EDT||BHP||On The Fly: Analyst Downgrade Summary|
Today's noteworthy downgrades include: AbbVie (ABBV) downgraded to Neutral from Buy at Guggenheim... BHP Billiton (BHP) downgraded to Hold from Buy at Jefferies... Bank of Marin (BMRC) downgraded to Market Perform from Outperform at Keefe Bruyette... Cobalt (CIE) downgraded to Speculative Buy from Buy at Global Hunter... Consolidated Edison (ED) downgraded to Underweight at Morgan Stanley... Deutsche Post (DPSGY) downgraded to Hold from Buy at Deutsche Bank... HCP (HCP) downgraded to Hold from Buy at Jefferies... IBM (IBM) downgraded to Hold from Buy at Evercore... Inland Real Estate (IRC) downgraded to Underperform from Neutral at BofA/Merrill... PerkinElmer (PKI) downgraded to Neutral from Buy at Janney Capital... Philips (PHG) downgraded to Neutral at UBS... QEP Midstream Partners (QEPM) downgraded to Market Perform at Wells Fargo... Rent-A-Center (RCII) downgraded to Market Perform from Outperform at Raymond James... Rhino Resources (RNO) downgraded to Underperform from Market Perform at Raymond James... Universal Forest (UFPI) downgraded to Neutral from Buy at Sterne Agee.
|05:31 EDT||BHP||BHP Billiton downgraded to Hold from Buy at Jefferies|
Jefferies downgraded BHP Billiton to Hold saying it sees limited near-term upside after cutting its commodities price estimates.