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Stock Market & Financial Investment News

News Breaks
January 15, 2013
07:31 EDTCOP, DNRConocoPhillips to sell Cedar Creek Anticline properties for $1.05B
ConocoPhillips (COP) has entered into an agreement to sell its properties in the Cedar Creek Anticline for a total of $1.05B before customary adjustments. ConocoPhillips has entered into an agreement with Denbury Resources Inc.’s (DNR) principal operating subsidiary to sell ConocoPhillips’ properties in the Cedar Creek Anticline, comprising approximately 86,000 net acres in southwestern North Dakota and eastern Montana. ConocoPhillips’ 2012 net production from these properties averaged 13 thousand barrels of oil equivalent per day through November. The sale does not include any of ConocoPhillips’ assets in the Bakken Formation, where ConocoPhillips owns 626,000 net acres, consisting of 207,000 net lease acres and 419,000 net mineral acres. The proposed sale of these assets is part of ConocoPhillips’ plan to increase value for shareholders through portfolio optimization, focused capital investments that deliver growth in production and cash margins, improved returns on capital, and sector-leading shareholder distributions.
News For COP;DNR From The Last 14 Days
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April 16, 2014
10:28 EDTDNRHigh option volume stocks: DNR INFY FSL END SQQQ
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April 11, 2014
12:42 EDTCOPOn The Fly: Analyst Upgrade Summary
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07:49 EDTCOPConocoPhillips upgraded at Morgan Stanley
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07:17 EDTCOPConocoPhillips upgraded to Equal Weight from Underweight at Morgan Stanley
April 10, 2014
11:39 EDTCOPConocoPhillips says plans to deliver double digit returns annually
ConocoPhillips reaffirmed its objective to deliver double-digit returns annually to shareholders at its Analyst Meeting held at the New York Stock Exchange. Members of the company’s executive leadership team outlined ConocoPhillips’ goal to consistently deliver 3%-5% compound annual growth in production and margins, with a compelling dividend, from a diversified, high-quality portfolio. In addition to updating analysts on the company’s investment programs and strong financial performance, ConocoPhillips highlighted its substantial U.S. unconventional position and announced an increase of its estimated resource base in the prolific Eagle Ford play. Based on its prime acreage position and technical knowledge, the company has increased its estimates from 1.8 billion to 2.5 billion barrels of oil in place. Production is also expected to increase from current volumes to more than 250 thousand barrels of oil equivalent a day by 2017. The company also affirmed its five strategic priorities to drive long-term performance: Deliver 3%-5% compound annual production growth; Generate 3%-5% compound annual margin growth over the next several years; Offer a compelling dividend; Focus on improving financial returns; Maintain a relentless focus on safety and execution. Over the next several years, ConocoPhillips plans to execute a disciplined capital program of approximately $16B per year and achieve the company’s organic reserve replacement target of more than 100%.
April 8, 2014
08:20 EDTCOPConocoPhillips to host analyst meeting
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April 3, 2014
10:00 EDTCOPOn The Fly: Analyst Initiation Summary
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06:39 EDTCOPConocoPhillips initiated with a Market Perform at BMO Capital
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