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Stock Market & Financial Investment News

News For CBI;RDS.A;WOPEY From The Last 14 Days
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May 29, 2015
07:53 EDTCBIChicago Bridge & Iron has room to run, says Cowen
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May 28, 2015
12:30 EDTRDS.AGazprom issues could have impact on Shell, BG merger, CTFinancialNews reports
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May 27, 2015
10:14 EDTRDS.AAnalyst 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.
May 26, 2015
20:41 EDTCBIJohnson Rice to hold a conference
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May 25, 2015
17:35 EDTRDS.AShell's arctic oil unlikely to yield production before the 2030s, FT says
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May 20, 2015
07:27 EDTRDS.AShell signs preliminary deal to buy U.S. LNG supply from Gail, Reuters says
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May 19, 2015
06:23 EDTRDS.AShell receives binding $529M offer from DCC Energy to acquire Butagaz LPG unit
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May 18, 2015
10:01 EDTCBIOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: A10 Networks (ATEN) upgraded to Overweight from Sector Weight at Pacific Crest... Cal-Maine Foods (CALM) upgraded to Overweight from Equal Weight at Stephens... ChemoCentryx (CCXI) upgraded to Overweight from Neutral at JPMorgan... Cheniere Energy Partners LP (CQP) upgraded to Buy from Neutral at Goldman... Chicago Bridge & Iron (CBI) upgraded to Neutral from Sell at Goldman... Continental Resources (CLR) upgraded to Buy from Neutral at Goldman... Ctrip.com (CTRP) upgraded to Overweight from Neutral at JPMorgan... Emerge Energy (EMES) upgraded to Buy from Neutral at Goldman... FEMSA (FMX) upgraded to Overweight from Equal Weight at Morgan Stanley... GoPro (GPRO) upgraded to Perform from Underperform at Oppenheimer... Holly Energy (HEP) upgraded to Buy from Neutral at Goldman... JP Energy (JPEP) upgraded on better visibility on volumes at RBC Capital... Laredo Petroleum (LPI) upgraded to Neutral from Sell at Goldman... Malvern Bancorp (MLVF) upgraded to Outperform from Market Perform at Keefe Bruyette... Newfield Exploration (NFX) upgraded to Buy from Neutral at Goldman... Norsk Hydro (NHYDY) upgraded to Overweight from Neutral at JPMorgan... Owens-Illinois (OI) upgraded to Neutral from Underperform at BofA/Merrill... Penn National (PENN) upgraded to Buy from Neutral at Goldman... Roche (RHHBY) upgraded to Buy from Neutral at UBS... Schnitzer Steel (SCHN) upgraded on stabilizing headwinds at KeyBanc... Seventy Seven Energy (SSE) upgraded to Buy from Hold at Jefferies... Toll Brothers (TOL) upgraded to Neutral from Underperform at Sterne Agee CRT... United Therapeutics (UTHR) upgraded to Buy from Neutral at BTIG... Volvo (VOLVY) upgraded to Neutral from Underweight at JPMorgan... Zayo Group (ZAYO) upgraded to Buy from Neutral at Goldman.
07:05 EDTCBIChicago Bridge & Iron upgraded to Neutral from Sell at Goldman
Goldman upgraded Chicago Bridge & Iron to Neutral with an increased price target of $55 from $40 based on higher market share following incremental LNG awards.
06:54 EDTRDS.AShell accused of following 'catastrophic climate change' strategy, Guardian says
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May 17, 2015
18:46 EDTRDS.AShell-BG deal could spur Kazakhstan to buy out Karachaganak assets, WSJ says
BG Group's (BRGYY) most recent annual report cautions that if the company is acquired by Shell (RDS.A, RDS.B), the Kazakhstan government may exercise its pre-emption rights and buy out BG's stake in the Karachaganak gas field, reports The Wall Street Journal. When asked about the issue, a Shell spokesperson remarked that the merger deal with BG is "pro-competitive," adding that CEO Ben van Beurden travelled to Kazakhstan last month. Reference Link
May 15, 2015
16:51 EDTCBIGreenlight Capital gives quarterly update on stakes
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14:15 EDTCBIChicago Bridge & Iron jumps after reportedly in-line for big Anadarko deal
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06:44 EDTRDS.AEnvironmentalists file lawsuit over oil train safety rules, NY Times says
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