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July 3, 2014
09:56 EDTCMA, END, LAZ, NFX, RSPP, RGDO, RMD, SBGLOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Comerica (CMA) downgraded to Neutral from Buy at Citigroup... Endeavour (END) downgraded to Market Perform from Outperform at FBR Capital... Lazard (LAZ) downgraded to Outperform from Strong Buy at Raymond James... Newfield Exploration (NFX) downgraded to Hold from Buy at Societe Generale... RSP Permian (RSPP) downgraded to Neutral from Buy at UBS... Regado Biosciences (RGDO) downgraded to Underperform from Outperform at Wedbush... ResMed (RMD) downgraded to Hold from Buy at Deutsche Bank... Sibanye Gold (SBGL) downgraded to Sell from Neutral at UBS.
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July 30, 2014
11:14 EDTNFXHigh option volume stocks
July 29, 2014
16:44 EDTNFXNewfield Exploration reports Q2 adjusted EPS 43c, consensus 52c
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16:42 EDTNFXNewfield Exploration signs agreement to sell Granite Wash assets for $588M
Newfield Exploration announced the signing of a $588M purchase and sale agreement for its Granite Wash assets to Oklahoma City-based Templar Energy. The sale will have an effective date of July 1 and is expected to close in Q3. Newfield's assets in the Granite Wash include approximately 42K net acres and current net daily production is nearly 65 MMcfe/d, of which approximately 60% is natural gas. Proved net reserves at year-end 2013 were approximately 38 MMBOE. Newfield intends to use the proceeds from this sale to call its 7 1/8% Senior Subordinated Notes due in 2018.
15:53 EDTNFXNotable companies reporting after market close
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July 28, 2014
08:02 EDTRMDResMed receives permanent injuction against APEX in Germany
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July 25, 2014
09:01 EDTRSPPRSP Permian agrees to acquire Midland Basin assets for $259M
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05:49 EDTENDStocks with implied volatility movement; SODA END
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July 24, 2014
07:05 EDTLAZLazard reports Q2 adjusted EPS 64c, consensus 57c
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July 21, 2014
10:02 EDTRSPPOn The Fly: Analyst Upgrade Summary
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08:15 EDTRMDITC rules redesigned APEX humidifier infringes ResMed patents
An ITC ruling issued Friday held that, despite a redesign of its iCH CPAP device, Taiwanese device manufacturer APEX continues to infringe ResMed patents in its humidification. The original ITC action filed by ResMed in March 2013 asserted patent infringement by four products: APEX iCH and XT Fit CPAP humidifiers, the WiZARD 220 full face mask, and the WiZARD 210 nasal mask. In July 2013, APEX agreed to entry of an order prohibiting it from infringing ResMed's patents. And as a result, APEX has been banned from selling infringing products in the United States. APEX then redesigned its products and sought a ruling that it had avoided ResMed's patents. In this new ruling, the full commission held that the APEX iCH humidifier continues to infringe. As a result, APEX should continue to be banned from selling the iCH humidifier in the United States. The redesigned APEX XT Fit was found not to infringe. But APEX's expert stated that the redesigned humidifiers compromised on functionality and performance. The redesigned WiZARD 220 full face mask which now has a fused elbow instead of the more desirable detachable elbow -- was found not to infringe on ResMed patents. Again, APEX's expert noted that the redesigned masks sacrificed functional advantages present in the ResMed products. Finally, APEX chose to withdraw its redesigned WiZARD 210 nasal mask from these proceedings, so the July 2013 order remains in place as to that product.
07:32 EDTRSPPRSP Permian upgraded to Buy from Accumulate at KLR Group
KLR Group upgraded RSP Permian to Buy citing the company's production growth and "superior" capital yield. The firm raised its price target for shares to $42 from $34.
July 18, 2014
06:47 EDTNFXNewfield Exploration removed from short-term buy list at Deutsche Bank
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July 17, 2014
09:04 EDTRSPPRSP Permian raises 2014 production outlook to 11,500-12,000 Boe/d
Raises 2014 CapEx to approximately $425M. Expects to fund it through a combination of cash and cash equivalents, operating cash flow, borrowings under RSP's revolving credit facility, and potential debt capital markets transactions.
09:04 EDTRSPPRSP Permian reports Q2 average daily production up 15% to 10,714 Boe/d
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08:11 EDTNFXNewfield Exploration raises FY14 production to 46.5-48.5 MMBoe from 44-48 MMBoe
Newfield expects that its planned 2014 domestic capital investments will total about $1.7B from $1.6B. The additional investments specifically relate to improved drilling performance across the company and the addition of new acreage in the Anadarko Basin. Due to continued operational efficiencies, Newfield expects to drill up to 15 additional gross wells across its focus areas in 2014. Newfield's net production from continuing operations in the second quarter of 2014 was 12.1 MMBOE from 10.7 11.3 MMBOE. Liquids comprised approximately 55% of second quarter production volumes. Net liftings from discontinued operations totaled less than 0.1 MMBOE. Domestic production in the second quarter increased 12% over the first quarter of 2014 and 21% over the comparable quarter of 2013. Domestic liquids production in the second quarter of 2014 increased 13% over the first quarter of 2014 and 40% over the comparable quarter of 2013.

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