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Stock Market & Financial Investment News

News Breaks
September 10, 2013
08:02 EDTBTE, ERF, DVN, VET, CVE, CNQ, PDS, ECAPeters & Co to host a conference
Limited Energy Conference is being held in Toronto, Canada on September 10-12 with webcasted company presentations to begin on September 10 at 8 am; not all company presentations may be webcasted. Webcast Link
News For CNQ;DVN;ECA;CVE;ERF;PDS;VET;BTE From The Last 14 Days
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March 4, 2015
17:15 EDTECAEncana announces C$1.25B bought deal offering
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09:32 EDTCVECenovus Energy upgraded to Buy from Hold at TD Securities
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March 3, 2015
09:54 EDTCVECenovus Energy upgraded to Outperform from Sector Perform at RBC Capital
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February 27, 2015
16:22 EDTVETVermilion Energy reports Q4 EPS 55c vs. 50c a year ago
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February 25, 2015
12:31 EDTECAOn The Fly: Midday Wrap
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06:24 EDTECAEncana reduces 2015 CapEx by $700M to $2.0B-$2.2B
Encana is reducing its previously announced 2015 capital investment by approximately $700M to $2.0B-$2.2B. The company's 2015 capital program is now based on assumptions of $50 per barrel WTI oil prices and NYMEX natural gas prices of $3 per MMBtu. Encana expects total 2015 cash flow of $1.4B-$1.6B. The company intends to fully fund its 2015 capital program and dividend with anticipated cash flow combined with net proceeds of around $800M from the previously announced divestitures of certain Clearwater assets and Montney midstream infrastructure.
06:22 EDTECAEncana reports Q4 EPS 5c, consensus 21c
Reports Q4 average liquid production 106,400 bbls/d, up 61% YoY. Reports Q4 natural gas production of 1,861 MMcf/d, down 32%.
February 23, 2015
09:59 EDTERFOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Antofagasta (ANFGY) downgraded to Sell from Neutral at Goldman... Arch Coal (ACI) downgraded to Sell from Buy at Argus... BHP Billiton (BHP) downgraded to Equal Weight from Overweight at Morgan Stanley... Beazer Homes (BZH) downgraded to Neutral from Buy at Compass Point... Boeing (BA) downgraded to Sell from Neutral at Goldman... Century Communities (CCS) downgraded to Neutral from Overweight at JPMorgan... CyberArk (CYBR) downgraded to Underweight from Neutral at JPMorgan... DirecTV (DTV) downgraded to Hold from Buy at Brean Capital... Enerplus (ERF) downgraded to Hold from Buy at Desjardins... Fiserv (FISV) downgraded to Neutral from Buy at Monness Crespi... GP Strategies (GPX) downgraded to Neutral from Buy at B. Riley... Interactive Brokers (IBKR) downgraded to Market Perform at Keefe Bruyette... MRC Global (MRC) downgraded at BB&T... Precision Castparts (PCP) downgraded to Neutral from Buy at Goldman... Quest Diagnostics (DGX) downgraded at BofA/Merrill... Rio Tinto (RIO) downgraded to Equal Weight from Overweight at Morgan Stanley... Roth Capital downgraded Spectrum (SPPI) on court case loss... Royal Dutch Shell (RDS.A) downgraded to Sector Perform from Outperform at Howard Weil... Ryland Group (RYL) downgraded to Neutral from Buy at Compass Point... Salix (SLXP) downgraded to Market Perform from Outperform at Leerink... Standard Pacific (SPF) downgraded to Neutral from Buy at Compass Point... Superior Energy (SPN) downgraded to Neutral from Outperform at Credit Suisse... Transocean (RIG) downgraded to Negative from Neutral at Susquehanna... Vale (VALE) downgraded to Equal Weight from Overweight at Morgan Stanley.
08:45 EDTERFEnerplus downgraded to Hold from Buy at Desjardins
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08:44 EDTERFEnerplus downgraded to Hold from Buy at TD Securities
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07:37 EDTCVE, DVNCredit Suisse to hold a summit
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06:08 EDTERFEnerplus downgraded to Neutral from Buy at BofA/Merrill
February 20, 2015
06:07 EDTERFEnerplus reports Q4 EPS 74c, one estimate 28c
06:07 EDTERFEnerplus sees FY15 annual average daily production of 93K-100K Boepd
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06:06 EDTERFEnerplus reports Q4 total average daily production 105,591 Boe/day
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06:04 EDTERFEnerplus sees 2015 non-core asset sales representing 1900 Boepd
Non-core asset sales representing 1,900 BOE per day of production raising proceeds of $182M. Reductions in capital spending and dividend, along with non-core asset sales, results in adjusted payout ratio of less than 100%
06:04 EDTERFEnerplus sees reduction in monthly dividend by 44% to 9c from 5c effective
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06:03 EDTERFEnerplus sees further reduction in capital spending by 40% to $480M in 2015
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06:02 EDTERFEnerplus reports Q4 production growth of 105,600 Boepd
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February 19, 2015
17:20 EDTBTEBaytex Energy announces revised FY15 budget
Baytex Energy announces that its board has approved a revised 2015 capital budget of $500M-$575M, down from an initial 2015 capital budget of $575M-$650M. Baytex also announces amendments to the financial covenants contained in its bank credit facilities which will provide the company with increased financial flexibility. Commenting on the announcement, James Bowzer, president and CEO, said: "The challenging oil price environment that occurred in late 2014 has continued into 2015. To maintain strong levels of financial liquidity, we have continued to evaluate our planned level of capital spending. Our 2015 program remains flexible and allows for adjustments to second half capital spending based on changes in the commodity price environment. Our revised 2015 capital budget is designed to generate average production of 84,000-88,000 boe/d, versus a previous range of 88,000-92,000 boe/d. Included in our revised guidance is the shut-in of approximately 2,000 boe/d of uneconomic production. Excluding the impact of shut-in volumes, the approximate 12% reduction in planned spending impacts our 2015 production forecast by only 2%. This is a testament to the efficiency and quality of the assets within our portfolio."
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