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Stock Market & Financial Investment News

News Breaks
January 19, 2013
14:32 EDTSTO, BPAlgerian army ends siege by militants at desert gas plant, Reuters says
The Algerian army carried out a final assault to end the Islamic militant seige at a desset gas plant, says Reuters. Reference Link
News For BP;STO From The Last 14 Days
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November 28, 2014
09:32 EDTSTOOn The Fly: Analyst Downgrade Summary
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07:36 EDTBPExxon Mobil volatility increase into OPEC meeting
Exxon Mobil overall option implied volatility of 19 is above its 26-week average of 17 according to Track Data, suggesting larger price movement.
06:23 EDTBPOPEC maintains production level to restore 'market equilibrium'
The Organization of the Petroleum Exporting Countries said in a press release following its meeting yesterday, "Recording its concern over the rapid decline in oil prices in recent months, the Conference concurred that stable oil prices – at a level which did not affect global economic growth but which, at the same time, allowed producers to receive a decent income and to invest to meet future demand – were vital for world economic wellbeing. Accordingly, in the interest of restoring market equilibrium, the Conference decided to maintain the production level of 30.0 mb/d, as was agreed in December 2011. As always, in taking this decision, Member Countries confirmed their readiness to respond to developments which could have an adverse impact on the maintenance of an orderly and balanced oil market." Publicly traded companies in the refining space include Delek US (DK), HollyFrontier (HFC), Marathon Petroleum (MPC), Phillips 66 (PSX), Tesoro (TSO), Valero (VLO) and Western Refining (WNR). Publicly traded companies in the oil space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Stocks globally are trading lower Friday following OPEC's decision.
05:49 EDTSTOStatoil downgraded to Reduce from Neutral at Nomura
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November 27, 2014
10:25 EDTBPOPEC decided not to cut oil production, CNBC reports
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November 26, 2014
06:42 EDTBPSaudis unlikely to seek oil output changes, Reuters reports
Saudi Arabia indicated today that it probably won't seek major changes in OPEC's oil output during the group's meeting this week, according to Reuters. The oil market should "stabilize itself" eventually, the news service quoted Saudi Oil Minister Ali al-Naimi. as saying OPEC members Venezuela and Iraq have called for output cuts, while non-OPEC member Russia said it would not reduce production, the news service stated. 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
November 25, 2014
13:01 EDTBPOPEC leans toward compromise to cut supplies, WSJ says
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November 23, 2014
19:12 EDTBPIran may suggest 1M barrel a day cut at OPEC meeting, Bloomberg says
According to media reports in Iran, the Iranian oil minister Bijan Namdar Zanganeh may speak with Saudi Arabia’s Oil Minister Ali Al-Naimi on the sidelines of the OPEC meeting in Vienna this week to propose that OPEC cut its output target by as much as 1 million barrels a day, says Bloomberg. 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
November 20, 2014
10:02 EDTSTOOn The Fly: Analyst Upgrade Summary
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06:15 EDTSTOStatoil upgraded to Overweight from Neutral at HSBC
November 18, 2014
18:26 EDTBPKeystone pipeline legislation voted down by U.S. Senate
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09:56 EDTSTOOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Allergan (AGN) downgraded to Market Perform from Outperform at William Blair... Wells Fargo (WFC) downgraded to Market Perform from Outperform at BMO Capital... Allergan downgraded to Neutral from Buy at Guggenheim... Allergan downgraded to Neutral from Buy at SunTrust... Basic Energy (BAS) downgraded to Neutral from Buy at SunTrust... CBS (CBS) downgraded to Neutral from Overweight at Atlantic Equities... Key Energy (KEG) downgraded to Neutral from Buy at SunTrust... Macy's (M) downgraded to Neutral from Buy at BofA/Merrill... Statoil (STO) downgraded to Neutral from Overweight at JPMorgan... Urban Outfitters (URBN) downgraded to Market Perform from Outperform at Telsey Advisory... Urban Outfitters downgraded to Market Perform from Outperform at William Blair... Urban Outfitters downgraded to Neutral from Overweight at Atlantic Equities... Baker Hughes (BHI) downgraded to Hold from Buy at Argus.... Precision Drilling (PDS) downgraded to Market Perform at Raymond James.
05:29 EDTSTOStatoil downgraded to Neutral from Overweight at JPMorgan
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November 17, 2014
11:37 EDTSTOStatoil downgraded to Neutral from Overweight at JPMorgan
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11:15 EDTBPBP to invest $200M to upgrade U.S., Belgian petrochemical plants
BP announced that it plans to invest over $200M to upgrade its purified terephthalic acid plants at Cooper River, South Carolina and Geel, Belgium. The investments will position these assets amongst the most efficient PTA manufacturing facilities in the world. Reference Link
November 14, 2014
16:52 EDTBPGreenlight Capital gives quarterly update on stakes
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15:47 EDTSTOStatoil to hold a mini-seminar
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05:58 EDTBPLawsuit accuses BP of overcharging California agencies for natural gas, AP says
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