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Stock Market & Financial Investment News

News For BTE;CNQ;COP;ERF;IMO;IVAN;KWK;MUR;PWE;SU;TLM From The Last 14 Days
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January 26, 2015
16:26 EDTMUR, COPMarathon Oil, Cobalt, RSP Permian downgraded at UBS
UBS lowered its Brent and WTI forecasts to $52.50 and $49 from $67.50 and $62.50, respectively, and downgraded a number of names in the energy space in conjunction. Along with making changes to its oil price forecasts, UBS downgraded Marathon Oil (MRO), Cobalt (CIE) and RSP Permian (RSPP), all to Neutral from Buy. The firm also identified ConocoPhillips (COP), Devon Energy (DVN), Murphy Oil (MUR), Ultra Petroleum (UPL), Range Resources (RRC), Denbury Resources (DNR), and Magnum Hunter (MHR) as having high valuations, slowing growth and wide free cash flow deficits and said it was cautious on all of those names as well.
13:16 EDTCOPOPEC chief says oil prices could rebound soon, Financial Times reports
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06:40 EDTCOPOil drops after new Saudi king retains oil minister, Reuters reports
Oil prices dropped today after Saudi Arabia's new king, Salman, reappointed the country's longtime oil minister, Ali al-Naimi, according to Reuters. 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 23, 2015
10:02 EDTMUROn the Fly: Analyst Downgrade Summary
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09:41 EDTCOPPrince Alwaleed says oil price will never reach $100 again
Saudi Prince Alwaleed is speaking on CNBC. Large oil names include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT).
07:20 EDTCOPBass says 'want to be long oil companies, but don't want to buy them yet'
Oil majors include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Kyle Bass of Hayman Capital continues speaking on CNBC.
06:56 EDTMURMurphy Oil downgraded to Underperform from Neutral at Credit Suisse
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06:34 EDTCOPAnalysts: King's death unlikely to change Saudi oil strategy, NY Times says
The death of Saudi Arabia's King Abdullah earlier today probably will not result in a change in the country's strategy as far as oil production is concerned, analysts said, according to The New York Times. 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 22, 2015
16:19 EDTCOPSpectra Energy to acquire Brazoria Interconnector gas pipeline
Spectra Energy (SE) and Spectra Energy Partners (SEP) announced that, through their affiliate, Spectra Energy Transmission II, have entered into a purchase and sale agreement to acquire from ConocoPhillips Company (COP) 100% of the equity interests in Brazoria Interconnector Gas Pipeline, which owns the BIG Pipeline. The newly acquired BIG Pipeline will be a component of the Stratton Ridge Project, an expansion project of the Texas Eastern Transmission pipeline system to deliver up to 400,000 dekatherms per day of natural gas to Stratton Ridge, Texas. The Stratton Ridge Project, including the BIG Pipeline acquisition, has an expected capital expenditure of approximately $200M and is anticipated to be in service Q1 FY19. The acquisition is expected to close in Q2 FY16, subject to certain conditions precedent being met.
12:48 EDTTLMCarl Icahn believes oil prices will go lower
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10:35 EDTTLMOptions with decreasing implied volatility
Options with decreasing implied volatility: CZR ACHN NFLX SN NBR TLM CREE BBY LNCO BBRY
10:03 EDTIMO, SUOn the Fly: Analyst Downgrade Summary
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07:41 EDTSUSuncor downgraded to Neutral from Buy at Citigroup
Citigroup downgraded Suncor to Neutral saying Canadian integrated oil companies are trading at fair value given its lower long-term crude price assumptions. Citi lowered its price target for shares to C$38 from C$48.
07:41 EDTIMOImperial Oil downgraded to Neutral from Buy at Citigroup
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January 21, 2015
18:59 EDTIVANIvanhoe Energy reduces activites in Ecuador in response to low oil prices
Ivanhoe Energy announced that the company is scaling back its activities in Ecuador in response to significantly lower oil prices and a delay in discussions with Ivanhoe's partner on moving ahead with development plans for Ivanhoe's Block 20 heavy-oil project. Block 20 is an area of approximately 426 square miles located 125 miles southeast of Quito, which contains the Pungarayacu oil field. In furtherance of its previously disclosed joint-venture strategy to finance the continued appraisal and development of Block 20, Ivanhoe invited one of the world's largest national oil companies, or NOC, which has experience working in Ecuador, to review Ivanhoe's investment in Block 20. This resulted in an agreement in principle, subject to the approval of the Ecuadorian government, for the NOC to recognize Ivanhoe's investment to date in the project and farm in to the project as the majority partner in, and operator of, Block 20. Ivanhoe and the NOC presented a joint proposal to the Ecuadorian government in March, 2014. In mid May, Ivanhoe received a letter from the Ecuadorian government indicating that the Secretariat of Hydrocarbons was ready to move forward with final project negotiations. In subsequent discussions, the NOC, which had initially expected to complete its internal review by the end of the Q3 FY14, has indicated to Ivanhoe that the sharp decline in oil prices and other factors have delayed its review, making a final decision to proceed with Block 20 not possible at this time. While oil price volatility makes it challenging to move Block 20 forward in the short term, Ivanhoe remains willing to work with its partner and the Ecuadorian government to explore development alternatives for Block 20 over the medium and longer term.
13:43 EDTCOPOPEC El-Badri says oil will bounce back, not drop to $20, Bloomberg reports
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10:47 EDTTLMOptions with decreasing implied volatility
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10:01 EDTMUROn The Fly: Analyst Downgrade Summary
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10:01 EDTCOPOn the Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Ashford Hospitality (AHT) upgraded to Outperform from Neutral at Credit Suisse... BAE Systems (BAESY) upgraded to Buy from Neutral at Goldman... Bazaarvoice (BV) upgraded to Outperform from Market Perform at Cowen... Becton Dickinson (BDX) upgraded to Outperform at Cowen... CVS Health (CVS) upgraded to Buy from Neutral at Goldman... Camden Property (CPT) upgraded to Outperform from Neutral at Credit Suisse... ConocoPhillips (COP) upgraded to Buy from Neutral at BofA/Merrill... Cornerstone OnDemand (CSOD) upgraded to Buy from Neutral at DA Davidson... Cree (CREE) upgraded to Overweight at Stephens... DDR Corp. (DDR) upgraded to Outperform from Neutral at Credit Suisse... EastGroup Properties (EGP) upgraded to Outperform from Neutral at Credit Suisse... Energy Transfer Partners (ETP) upgraded to Outperform from Neutral at Credit Suisse... Esperion (ESPR) upgraded at BofA/Merrill... Exxon Mobil (XOM) upgraded to Outperform from Market Perform at Wells Fargo... FXCM (FXCM) upgraded to Market Perform from Underperform at Keefe Bruyette... Fair Isaac (FICO) upgraded to Overweight from Equal Weight at Barclays... Golar LNG (GLNG) upgraded to Buy from Hold at Nordea... Gran Tierra (GTE) upgraded to Buy at Canaccord... Host Hotels (HST) upgraded to Outperform from Neutral at Credit Suisse... J.M. Smucker (SJM) upgraded to Overweight from Neutral at JPMorgan... Kilroy Realty (KRC) upgraded to Neutral from Underperform at Credit Suisse... Level 3 (LVLT) upgraded to Outperform from Market Perform at Wells Fargo... Lowe's (LOW) upgraded to Overweight from Equal Weight at Morgan Stanley... Michael Kors (KORS) upgraded to Outperform at Cowen... Netflix (NFLX) upgraded at Nomura... Regions Financial (RF) upgraded to Buy from Neutral at Guggenheim... Ruckus Wireless (RKUS) upgraded to Outperform from Market Perform at Northland... Santander Mexico (BSMX) upgraded to Neutral from Underperform at Credit Suisse... Scorpio Tankers (STNG) upgraded to Buy at Canaccord... Sprouts Farmers Markets (SFM) upgraded to Buy from Neutral at BofA/Merrill... Strategic Hotels (BEE) upgraded to Outperform from Neutral at Credit Suisse... The Medicines Co. (MDCO) upgraded to Outperform from Market Perform at Leerink... Whole Foods (WFM) upgraded at Sterne Agee... Wolseley (WOSYY) upgraded to Neutral from Underperform at Exane BNP Paribas.
08:19 EDTCOPConocoPhillips upgraded to Buy from Neutral at BofA/Merrill
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