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Stock Market & Financial Investment News

News Breaks
January 15, 2013
07:31 EDTDNR, COPConocoPhillips 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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March 30, 2015
07:16 EDTCOPConocoPhillips initiates process for divestiture of oil and gas assets in Canada
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March 27, 2015
06:37 EDTCOPOil retreats after Goldman says attacks won't have much impact, Reuters reports
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March 26, 2015
06:36 EDTCOPOil surges after Saudis attack Yemen rebels, Reuters reports
The price of West Texas Intermediate oil was up about 4% after Saudi Arabia and other countries bombed Iranian-backed rebel forces in Yemen, according to Reuters. OVerseas stocks fell signficantly following the attacks, the news service noted. Publicly traded oil companies include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
March 23, 2015
13:28 EDTCOPConocoPhillips calls active into investor meeting
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March 22, 2015
17:59 EDTCOPOPEC will not take sole responsibility for supporting oil price, Reuters says
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March 20, 2015
07:19 EDTCOPWhite House expected to unveil fracking rules today, WSJ says
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06:37 EDTCOPOil prices fall again, Reuters reports
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March 19, 2015
07:45 EDTCOPSenate Energy & Natural Resources Committee to hold a hearing
The Committee holds a hearing entitled, "U.S. Crude Export Policy" with Senior Vice President of IHS, Carlos Pascual and Chairman & CEO of ConocoPhillips, Ryan Lance on March 19 at 10 am. Webcast Link
07:19 EDTCOPKuwaiti minister says OPEC can't cut oil production, Bloomberg reports
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March 17, 2015
08:31 EDTCOPConocoPhillips sees volume growth of 2%-3% in 2015
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