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Stock Market & Financial Investment News

News For BP;DOW From The Last 14 Days
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January 16, 2015
10:24 EDTBPOptions point to oil falling to near $30 per barrel, Merrill Lynch says
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10:01 EDTBPOn The Fly: Analyst Downgrade Summary
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08:29 EDTBPBP downgraded to Underweight from Neutral at JPMorgan
JPMorgan downgraded BP to Underweight saying it expects 2015/2016 consensus estimates for Big Oil names to decline by more than 50% as oil price outlooks come down.
07:37 EDTBPBP downgraded to Hold from Buy at Canaccord
06:49 EDTBPOil prices climb after IEA says production falling, Reuters reports
Oil prices rebounded today after the International Energy Agency, or IEA, said it saw signs that oil production was falling in some areas, including North America, according to Reuters. "A price recovery...may not be imminent, but signs are mounting that the tide will turn," Reuters quoted the IEA as saying. Oil prices could rebound in the second half of the year, the IEA indicated, the news service reported. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
January 15, 2015
17:53 EDTBPBP may pay up to $13.7B in fines for Deepwater Horizon Gulf spill case, WSJ says
BP may have to pay a maximum $13.7B in fines for the oil that escaped into the Gulf of Mexico in the 2010 Deepwater Horizon incident, says the Wall Street Journal. A federal judge ruled that the company is liable for just over 3M barrels of oil spilled in the disaster, added the Wall Street Journal. Reference Link
10:00 EDTDOWOn The Fly: Analyst Initiation Summary
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06:10 EDTBPBP cutting 300 jobs in onshore roles, Daily Mail reports
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January 14, 2015
16:08 EDTDOWDow Chemical initiated with a Neutral at Piper Jaffray
Target $50.
06:54 EDTBPEnergy Department says oil production to rise this year, NY Times says
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