New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 15, 2014
14:25 EDTDTE, SWN, COGDTE Energy to significantly expand Bluestone Pipeline
DTE Energy's (DTE) Gas Storage and Pipeline segment has secured long-term gathering commitments with Southwestern Energy Co. (SWN) and Cabot Oil & Gas Corp. (COG) which will significantly expand the Bluestone Pipeline. The incremental Bluestone Pipeline capacity is supported by long-term agreements with minimum term commitments ranging from 10-15 years. Once in-service, the expansion facilities will increase the capacity of the Bluestone Pipeline from 600,000 Dth/day to 975,000 Dth/day, a greater than 60% increase in capacity since the gathering system first came online in late 2012. The 44.5 mile Bluestone Pipeline and Gathering system can currently transport up to 600,000 Dth/day combined to both the Millennium Pipeline in Broome County, N.Y. and the Tennessee Gas Pipeline in Susquehanna County, Pa.
News For COG;SWN;DTE From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
February 10, 2016
07:18 EDTDTEDTE Energy backs FY16 operating EPS $4.80-$5.05, consensus $4.95
Subscribe for More Information
07:17 EDTDTEDTE Energy reports Q4 operating EPS $1.01, consensus 99c
Subscribe for More Information
07:11 EDTDTEDTE Energy reaffirms FY16 operating EPS view of $4.80-$5.05, consensus $4.95
07:10 EDTDTEDTE Energy reports Q4 operating EPS $1.01, consensus 99c
Subscribe for More Information
February 2, 2016
15:16 EDTSWNS&P takes rating actions on U.S. investment-grade E&P companies
Subscribe for More Information
10:01 EDTCOGOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: BlackBerry (BBRY) initiated with a Buy at TD Securities... British American Tobacco (BTI) initiated with a Buy at Berenberg... Cabot Oil & Gas (COG) initiated with a Buy at SunTrust... Celestica (CLS) initiated with a Hold at TD Securities... Devon Energy (DVN) initiated with an Equal Weight at Stephens... Fitbit (FIT) initiated with an Outperform at Oppenheimer... Imperial Tobacco (ITYBY) initiated with a Buy at Berenberg... Kite Pharma (KITE) initiated with an Outperform at RBC Capital... Mellanox (MLNX) initiated with a Buy at Roth Capital.
10:01 EDTSWNOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Agnico Eagle (AEM) downgraded to Hold from Buy at Desjardins... Alere (ALR) downgraded to Hold from Buy at Canaccord... Antero Resources (AR) downgraded to Reduce from Neutral at SunTrust... Carbylan (CBYL) downgraded to Market Perform from Outperform at Leerink... Copa Holdings (CPA) downgraded to Hold from Buy at Deutsche Bank... Dominion (D) downgraded to Neutral from Buy at Citi... Duke Energy (DUK) downgraded to Market Perform from Outperform at Wells Fargo... Hain Celestial (HAIN) downgraded to Neutral from Overweight at Piper Jaffray... Integrated Device (IDTI) downgraded to Neutral from Buy at BofA/Merrill... Logitech (LOGI) downgraded to Underweight from Equal Weight at Morgan Stanley... Merus Labs (MSLI) downgraded to Sector Perform from Outperform at Scotiabank... New Gold (NGD) downgraded to Sell from Buy at Desjardins... Nokia (NOK) downgraded to Underperform from Buy at CLSA... Plantronics (PLT) downgraded to Underperform from Outperform at Raymond James... Pool Corp. (POOL) downgraded to Equal Weight from Overweight at Stephens... Praxair (PX) downgraded to Sector Weight from Overweight at KeyBanc... Rofin-Sinar (RSTI) downgraded to Neutral from Buy at Longbow... Southwestern Energy (SWN) downgraded to Neutral from Overweight at JPMorgan... Stifel cuts Twitter (TWTR) to Sell after noting Yahoo has significantly more users... Superior Energy (SPN) downgraded to In-Line from Outperform at Imperial Capital... Sysco (SYY) downgraded to Underweight from Equal Weight at Morgan Stanley... Telenor (TELNY) downgraded to Underperform from Neutral at Credit Suisse... Twitter (TWTR) downgraded to Sell from Hold at Stifel... Valeo (VLEEY) downgraded to Underweight from Equal Weight at Morgan Stanley.
09:10 EDTSWNSouthwestern Energy downgraded on difficult headwinds at SunTrust
As noted earlier, SunTrust downgraded Southwestern Energy to Neutral from Buy. The firm notes that the company is facing a difficult commodity price environment. Target $9.
07:22 EDTSWNSouthwestern Energy downgraded to Neutral from Buy at SunTrust
07:20 EDTCOGCabot Oil & Gas initiated with a Buy at SunTrust
Target $31.
06:42 EDTCOGCabot Oil & Gas reduces FY16 capital budget to $3235M
Subscribe for More Information
06:39 EDTCOGCabot Oil & Gas sees Q4 production about 1,642 Mmcfe per day
Cabot expects production for Q4 to be approximately 1,642 million cubic feet equivalent, or Mmcfe, per day, including approximately 1,552 million cubic feet, or Mmcf, per day of natural gas and approximately 14,977 barrels, or Bbl, per day of liquids. Equivalent production for the quarter is expected to exceed the midpoint of the company's guidance range of 1,626 Mmcfe per day. Based on the expected production volumes for the fourth quarter, the company expects its total production growth for 2015 to be approximately 13%. Natural gas price realizations, including the effect of hedges, are expected to be $1.94 per thousand cubic feet in Q4. Excluding the impact of hedges, natural gas price realizations for the quarter are expected to be $1.52 per Mcf, representing a 75c discount to NYMEX settlement prices and an improvement relative to the company's Q4 guidance range of 90c-$1.00 below NYMEX settlement prices. Realized natural gas prices exceeded the company's expectations due to an improvement in basis differentials throughout Appalachia during the quarter. Oil price realizations are expected to be $37.74 per Bbl. Cabot expects to incur approximately $97 million in capital expenditures associated with activity during the fourth quarter of 2015. Based on this anticipated level of spending during the quarter, the Company expects to incur approximately $774 million in capital expenditures associated with activity during the full year of 2015, compared to the Company's 2015 capital program guidance of $850 million. The lower capital spending was a result of reduced activity levels in the fourth quarter, along with continued improvements in operating efficiencies and further reductions in service costs. Including the change in accrued capital costs relating to 2014 operating activity that was paid in 2015, total capital expenditures (including acquisitions) for 2015 are expected to be approximately $972 million. Contributions to equity method investments for 2015 are expected to be approximately $29 million. Cabot expects to recognize a non-cash, after-tax impairment charge of approximately $73 million in the fourth quarter of 2015 primarily associated with legacy, non-core fields due to the significant decline in commodity prices.
05:44 EDTSWNSouthwestern Energy downgraded to Neutral from Overweight at JPMorgan
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use