New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For BTE;CNQ;COP;ERF;IMO;IVAN;KWK;MUR;PWE;SU;TLM From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 | 2 | 3 | all recent news | >>
January 28, 2015
17:11 EDTMURMurphy Oil sees FY15 production to be in the range of 195,000 to 207,000 boepd
Subscribe for More Information
17:10 EDTMURMurphy Oil sees Q1 production at 221,000 boepd
Subscribe for More Information
17:09 EDTMURMurphy Oil sees FY15 CapEx $2.3B, 33% lower than FY14
Subscribe for More Information
17:08 EDTMURMurphy Oil Q4 production averages 258,868 boepd
Subscribe for More Information
17:06 EDTMURMurphy Oil reports Q3 EPS 39c, consensus 30c
16:40 EDTIMOImperial Oil evaluating operating model for Esso stations
Imperial Oil Limited is evaluating the potential transition of its remaining company-owned Esso retail sites to a branded wholesaler operating model. Growth opportunities for the On the Run convenience store brand will also be evaluated. Under the branded wholesaler operating model, Imperial supplies fuel to independent third parties who own and/or operate the sites in alignment with Esso brand standards. The majority of Imperial's 1700 Esso-branded retail fuel sites in Canada operate under the branded wholesaler model. The remaining 500 sites are company-owned and will be part of this evaluation. This evaluation will include a non-binding bid process, which will begin in the coming weeks.
15:38 EDTCOPNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Celgene (CELG), consensus 99c... ConocoPhillips (COP), consensus 59c... Abbott Laboratories (ABT), consensus 67c... Occidental Petroleum (OXY), consensus 68c... Colgate-Palmolive (CL), consensus 74c... Ford (F), consensus 23c... Dow Chemical (DOW), consensus 69c... Alibaba (BABA), consensus 75c... Thermo Fisher (TMO), consensus $1.94; Time Warner Cable (TWC), consensus $2.09... Phillips 66 (PSX), consensus $1.34... Alexion Pharmaceuticals (ALXN), consensus $1.29... Baxter International (BAX), consensus $1.31... Cardinal Health (CAH), consensus $1.10... Raytheon (RTN), consensus $1.08... Northrop Grumman (NOC), consensus $2.25... Viacom (VIAB), consensus $1.28... Valero Energy (VLO), consensus $1.32... Sherwin-Williams (SHW), consensus $1.38... Hershey (HSY), consensus $1.06... Mead Johnson (MJN), consensus 88c... Zimmer (ZMH), consensus $1.71... Xcel Energy (XEL), consensus 34c... Royal Caribbean (RCL), consensus 42c... Coach (COH), consensus 66c... Kate Spade (KATE), consensus 24c... Harley-Davidson (HOG), consensus 34c... Stanley Black & Decker (SWK), consensus $1.52... L-3 Communications (LLL), consensus $2.27... JetBlue (JBLU), consensus 24c.
15:37 EDTMURNotable companies reporting after market close
Subscribe for More Information
15:04 EDTCOPConocoPhillips technical notes before results
The shares have been in a pronounced downtrend along with declining crude prices since the summer of last year. If the news is more bearish than already low expectations, a move down to the 52-week low at $60.84 would appear likely. A more negative than expected outlook could push shares to new lows, with support at $58.71, and $57.30. If the news is more bullish than current expectations, the first significant test of resistance would come at the 50-day moving average at $67.16. If price can break above this downtrend resistance line proxy, then next resistance would be at $69.17 and $71.37.
11:10 EDTCOPBP forms alliance to advance Paleogene discoveries in deepwater Gulf of Mexico
Subscribe for More Information
09:59 EDTERFOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:15 EDTERFEnerplus downgraded to Buy from Action List Buy at TD Securities
09:03 EDTCOPChevron expands Gulf of Mexico leasehold position with deepwater acreage
Subscribe for More Information
January 27, 2015
13:08 EDTCOPUBS says oil price recovery may take five years, WSJ reports
Subscribe for More Information
12:08 EDTCOPObama to propose opening up Atlantic to offshore drilling, NYT reports
Subscribe for More Information
06:51 EDTCOPU.S. to propose lifting oil drilling ban off Atlantic coast, NY Times says
The Obama administration will announce later today that it will propose allowing companies to drill for oil and gas off the Atlantic coast from Virginia to Georgia, according to The New York Times, which cited an unnamed source. However, the administration will also ban drilling in some regions of Alaska, the newspaper added. Publicly traded oil companies include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
January 26, 2015
18:57 EDTCOPDeath of Saudi royal unlikely to alter oil policy or price, WSJ reports
With the passing of King Abduallah in Saudi Arabia, and his successor, King Salman saying that the Kingdom's oil policy will continue as is, it is unlikely for the price of oil to rebound in the near term, contrary to what Secretary Abdalla El Badri said recently, the Wall Street Journal reports. Carl Larry, an analyst with research consultancy Oil Outlooks & Opinions, was quoted saying "people are starting to take anything coming out of OPEC with a big grain of salt,". 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
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
Subscribe for More Information
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
Subscribe for More Information
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
Subscribe for More Information
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
Subscribe for More Information
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
Subscribe for More Information
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
Subscribe for More Information
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
Subscribe for More Information
10:47 EDTTLMOptions with decreasing implied volatility
Subscribe for More Information
10:01 EDTMUROn The Fly: Analyst Downgrade Summary
Subscribe for More Information
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
Subscribe for More Information
07:34 EDTMURMurphy Oil downgraded to Market Perform from Outperform at Wells Fargo
Subscribe for More Information
January 20, 2015
10:20 EDTTLMOptions with decreasing implied volatility
Options with decreasing implied volatility: RPRX TLM BBY GME CBST NPSP
January 19, 2015
06:47 EDTCOPJPMorgan says oil may drop below $40/barrel in near-term
Subscribe for More Information
January 18, 2015
14:22 EDTCOPSchlumberger boss says oil price to challenge land producers, WSJ says
Paal Kibsgaard, CEO of Schlumberger, said U.S. energy producers are not done with work force reductions and that because of high costs, producers that focus on shale fields are worse off than rivals, says the Wall Street Journal. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A), Total (TOT), Schlumberger (SLB) and Baker Hughes (BHI). Reference Link
January 16, 2015
10:27 EDTTLMOptions with increasing implied volatility
Subscribe for More Information
10:24 EDTCOPOptions point to oil falling to near $30 per barrel, Merrill Lynch says
Subscribe for More Information
09:04 EDTCOPConocoPhillips names John Faraci, Argun Murti to board
ConocoPhillips (COP) announced that John Faraci, former chairman and CEO of International Paper (IP), and Arjun Murti, former partner at Goldman Sachs (GS), have been elected to its board of directors. The election of Faraci and Murti increases the total number of ConocoPhillips directors to 12, 11 of which are outside directors.
06:49 EDTCOPOil 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
10:29 EDTTLMOptions with increasing implied volatility
Subscribe for More Information
<< 1 | 2 | 3 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use