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Stock Market & Financial Investment News

News For TLM;COP;IMO;KWK;IVAN;MUR;CNQ;ERF;PWE;SU;BTE From The Last 14 Days
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May 28, 2015
10:03 EDTCNQOn The Fly: Analyst Initiation Summary
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06:39 EDTCNQCanadian Natural initiated with an Overweight at JPMorgan
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May 27, 2015
10:14 EDTCOPAnalyst says China trend good for oil equities
China's demand for oil has been stronger than expected and the trend should be positive for oil companies' stocks, research firm Bernstein wrote in a note to investors today. WHAT'S NEW: Chinese oil imports reached a record high in April, rising 9% versus the same period a year earlier, Bernstein analyst Neil Beveridge reported. The imports have exceeded expectations and have been boosted by high gasoline demand, according to the analyst. The high gasoline demand in China, in turn, has been driven by a 50% year-over-year increase in the sales of SUVs, according to Beveridge. Analysts will respond to this trend by increasing their global oil demand estimates, he predicted. Oil prices are likely to rise in the near-term, providing a tailwind for oil equities, according to Beveridge, who identified InterOil (IOC) and China's CNOOC (CEO) as two of his favorite names in the Asian region. Other 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). WHAT'S NOTABLE: Jaguar Land Rover, owned by India's Tata Motors (TTM), is launching its Range Rover Evoque SUV in China this fiscal year, but is having trouble ramping up production of the vehicle, Forbes reported last week. PRICE ACTION: in early trading, CNOOC was flat at $162.50 and InterOil slipped fractionally to $46.58.
05:31 EDTCNQCanadian Natural announces deferral of Institutional Investor Open House
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May 25, 2015
13:23 EDTCOPCenovus Energy pauses operations at Foster Creek, Athabasca due to forest fire
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May 21, 2015
07:25 EDTCOPUBS to hold a conference
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May 20, 2015
08:41 EDTMURMurphy Oil announces $250M ASR
Murphy Oil announced that it has entered into a variable term, capped accelerated share repurchase transaction, or ASR, with Wells Fargo Bank, National Association, to repurchase an aggregate of $250M of the company's common stock. The ASR is part of the board authorized program announced on August 6, 2014, to repurchase up to $500M of the company's stock.
07:26 EDTCOPUBS to hold a conference
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May 18, 2015
10:01 EDTMUROn The Fly: Analyst Downgrade Summary
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06:27 EDTMURMurphy Oil downgraded to Sell from Neutral at Goldman
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06:06 EDTCOPConocoPhillips sees holding CapEx flat for next three years, Reuters reports
ConocoPhillips CEO Ryan Lance told Reuters in an interview that the energy company is planning to hold its capital expenditure level over the next three years. The company cut its 2015 capital budget to $11.5B in January due to the oil price drop, but now sees maintaining the CapEx view for three years despite a slight recovery in oil prices. Reference Link
May 17, 2015
18:17 EDTIMOImperial Oil begins auction for 500 Esso gas stations, Reuters says
Imperial Oil (IMO) has begun accepting bids for 500 of its Esso retail sites, Reuters reported Friday, citing four sources familiar with the process. The report notes that the assets could be worth over $831M, and sources said CST Brands (CST) has expressed interest. Sources added that Imperial has split the 500 stations into several packages, and bidders are free to pursue the assets in part or in whole. Reference Link

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