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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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November 23, 2014
19:12 EDTCOPIran 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 21, 2014
08:15 EDTTLMTalisman Energy, Ecopetrol announce discovery in Block CPO-9, Colombia
Talisman Energy (TLM) affiliate Talisman Oil & Gas and Ecopetrol S.A. (ECP) have proven the presence of hydrocarbons in the Nueva Esperanza-1 exploratory well, located in block CPO-9, Department of Meta, Colombia. The Nueva Esperanza-1 well was spudded on July 18, 2014 and reached total depth at 12,056 feet on September 26, 2014. During an initial 8-day flow test using an electro submersible pumping system, 309 feet of perforations in the T2 formation stabilized at a daily flow rate of 910 barrels of 8 degrees API crude oil with less than 2% water cut during the last day of flow. Talisman and Ecopetrol are jointly analyzing the results and will file an application with the Colombian authorities to place the Nueva Esperanza-1 well on long-term test. Approval has been granted to drill two down-dip appraisal wells, the first of which, Nueva Esperanza-2, started drilling operations on November 16.
November 18, 2014
18:51 EDTSUSuncor sees FY15 CapEx $7.2B-$7.8B, FY15 avg production 540,000-585,000 BOE/d
Suncor Energy released its 2015 corporate guidance, which includes capital spending of between $7.2B-$7.8B and planned average production of 540,000-585,000 barrels of oil equivalent per day. Approximately 55% or up to $4.3B of the 2015 capital spend is expected to go towards growth projects with over $2B earmarked for the Oil Sands segment. About 45% or up to $3.5B of Suncor's 2015 capital spend is expected to be allocated towards sustaining capital investments focused on safe, reliable and efficient operations across the company's assets. Suncor also confirmed comments made in its Q3 release that total production for 2014 is anticipated to be in the low end of its annual guidance range, with Oil Sands operations production slightly below the lower end of the guidance range.
18:26 EDTCOPKeystone pipeline legislation voted down by U.S. Senate
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10:03 EDTCOPConocoPhillips management to meet with ISI Group
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07:40 EDTMURMitsubishi UFJ to hold a conference
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November 17, 2014
14:02 EDTTLMTalisman Energy rises 1.6% to $5.78 following report on pipeline sale talks
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14:01 EDTTLMTalisman in talks to sell Marcellus pipelines valued at over $1B, Bloomberg says
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09:05 EDTPWEPenn West board approves $840M capital budget for 2015
Penn West reports its board has approved a 2015 capital budget of approximately $840M. The company expects to spud approximately 225, or 212 net, wells in 2015, over 90% of which will be drilled in the three core light oil areas. 2015 forecast average production is expected to be between 95,000 and 105,000 boe per day, weighted approximately 69% toward oil and liquids. The company's updated Long-Term Plan targets compound annual growth rates between 2015 and 2019 of approximately 13% for oil in terms of average daily production volumes, and over eight percent in terms of our total boe average daily production volumes, which is expected to drive a funds flow CAGR between 2015 and 2019 of over 20%. These targets are based on what the company believes to be conservative commodity pricing assumptions.
09:01 EDTPWEPenn West to host conference call
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November 14, 2014
16:39 EDTCOPBerkshire Hathaway gives quarterly update on stakes
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November 13, 2014
14:50 EDTTLMLonestar Capital to shut down by mid-2015, WSJ reports
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14:45 EDTTLMLonestar capital to shut down, DJ reports
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10:24 EDTMURMurphy Oil management to meet with Oppenheimer
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November 12, 2014
09:02 EDTCOPConocoPhillips announces start of gas production from KBB gas field
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07:31 EDTERF, COPBofA/Merrill to hold a conference
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November 11, 2014
06:24 EDTIMOImperial Oil suspends production at Kearl operations
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November 10, 2014
15:43 EDTCOPAmerican Petroleum Institute to hold a conference
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08:02 EDTCOPConocoPhillips announces second oil discovery offshore Senegal
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07:23 EDTKWKQuicksilver Resources sees Q4 average daily production volume 238-242 MMcfe
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07:22 EDTKWKQuicksilver Resources to continue exploring avenues to address capital structure
In September, Quicksilver appointed John Little as Strategic Alternatives Officer pursuant to an engagement agreement between Quicksilver and Deloitte Transactions and Business Analytics LLP. Mr. Little reports to the Board and, in collaboration with Quicksilver's management team, assists Quicksilver in exploring, evaluating and implementing strategic and tactical initiatives. The company also retained Houlihan Lokey Capital, Inc. to lead a broad and more formalized process to market Quicksilver's assets. The company continues to explore several avenues to address its capital structure, including the stated and springing maturities. The company is in frequent discussions with certain of the security holders regarding possible paths to be undertaken.
07:21 EDTKWKQuicksilver Resources sees Q4 CapEx $22M-$27M
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07:21 EDTKWKQuicksilver Resources reports Q3 production 22.6 Bcfe
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07:20 EDTKWKQuicksilver Resources reports Q3 adjusted EPS (7c), consensus (8c)
Reports Q3 total revenue $163.5M, consensus $109.65M; Reports Q3 production revenue $105M.
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