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Stock Market & Financial Investment News

News Breaks
December 10, 2012
02:12 EDTNXY, CVE, SU, CNQ, CEO, IMOCanada won't easily approve future oil sands deals, Fox Business says
Although the Canadian government approved the Nexen (NXY) Cnooc (CEO) deal, Canada also stressed that future approaches by state-owned entities like Cnooc and Petronas will face more scrutiny, "and they have been all but barred from further oil-sands investment." says Fox Business, adding that Prime Minister Stephen Harper said approval of these types of deals will in the future be rare. Reference Link
News For CNQ;CVE;IMO;SU;NXY;CEO 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 EDTCEOAnalyst 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.
08:04 EDTCEOChina oil demand increase to boost oil equities, says Bernstein
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05:34 EDTCEOCNOOC makes mid-sized discovery Linhua 20-2 in South China Sea
CNOOC announced that the company made a mid-sized discovery Liuhua 20-2 in the Eastern South China Sea. The Liuhua 20-2 structure is located in Northern Slope Belt of Baiyun Sag in the Pearl River Mouth Basin of the South China Sea with an average water depth of about 390 meters. The discovery well LH20-2-1 was drilled and completed at a depth of about 2,970 meters and encountered oil pay zones with a total thickness of 35.2 meters. The oil production of the well tested around 8,000 barrels per day and the crude oil density is approximately 0.75. The exploration of Liuhua 20-2 has further proved the huge exploration potential of Baiyun Sag in the Pearl River Mouth Basin, and Baiyun Sag is expected to become the new reserves growth area of deepwater exploration of crude oil in South China Sea.
05:31 EDTCNQCanadian Natural announces deferral of Institutional Investor Open House
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May 26, 2015
09:58 EDTCEOOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: L Brands (LB) upgraded to Conviction Buy from Buy at Goldman... Dollar General (DG) upgraded to Conviction Buy from Buy at Goldman... Accenture (ACN) upgraded to Outperform from Market Perform at Cowen... Expedia (EXPE) upgraded to Outperform from Market Perform at JMP Securities... The Fresh Market (TFM) upgraded to Neutral from Underperform at Longbow... Marvell (MRVL) upgraded to Overweight from Equal Weight at Morgan Stanley... Health Care REIT (HCN) upgraded to Buy from Neutral at Mizuho... Gold Fields (GFI) upgraded to Buy from Hold at HSBC... eBay (EBAY) upgraded to Buy from Hold at Axiom... CNOOC (CEO) upgraded to Neutral from Underweight at JPMorgan... Quintiles (Q) upgraded to Buy from Neutral at SunTrust... DCT Industrial (DCT) upgraded to Neutral from Underperform at Credit Suisse... Pebblebrook Hotel (PEB) upgraded to Outperform from Neutral at Credit Suisse... Fortinet (FTNT) upgraded to Buy from Hold at Needham... BB&T (BBT) upgraded to Buy from Neutral at Guggenheim... Hercules Technology (HTGC) upgraded to Outperform from Neutral at Macquarie... InterXion (INXN) upgraded to Buy from Hold at Stifel.
07:13 EDTCEOCNOOC upgraded to Neutral from Underweight at JPMorgan
JPMorgan upgraded CNOOC to Neutral citing easing Nexen impairment risk and the potential for earnings to beat expectations.
06:09 EDTCVECenovus Energy reports retirement of COO John Brannan
Energy announced that four Cenovus executives have made the decision to retire. Their transitions off the executive team will begin at different times over the course of 2015. To minimize disruption to Cenovus's business and ensure the transitions are orderly and managed, the retiring executives will continue in varying capacities until the end of the first quarter of 2016. Retiring are: John Brannan, Executive Vice-President & COO, who will transition from his role in September; Kerry Dyte, Executive Vice-President, General Counsel & Corporate Secretary, who will transition from his role in December; Sheila McIntosh, Executive Vice-President, Environment & Corporate Affairs, who will transition from her role in September. Hayward Walls, Executive Vice-President, Strategy & Organization Development, who will transition from his role in July. The new executive appointments are: Jacqui McGillivray, Senior Vice-President & Chief People Officer, who will be appointed Executive Vice-President, Safety & Organization Effectiveness; Al Reid, Senior Vice-President, Christina Lake & Narrows Lake, who will be appointed Executive Vice-President, Environment, Corporate Affairs & Legal; Drew Zieglgansberger, Senior Vice-President, Operations Shared Services, who will be appointed Executive Vice-President, Oil Sands Manufacturing.
May 25, 2015
13:23 EDTCVECenovus Energy pauses operations at Foster Creek, Athabasca due to forest fire
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May 19, 2015
09:50 EDTCEOCNOOC announces resignation of Chairman Wang Yilin
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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
May 15, 2015
17:33 EDTCNQ, SUPoint72 Asset Management gives quarterly update on stakes
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