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Stock Market & Financial Investment News

News Breaks
May 12, 2014
07:28 EDTCOP, PXD, MRO, PDCE, EOG, DVN, KOGCredit Suisse to hold a symposium
NYC Shale Symposium with "Best of Breed: E&Ps" to be held in New York on May 12.
News For COP;EOG;MRO;KOG;PDCE;PXD;DVN From The Last 14 Days
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February 19, 2015
06:58 EDTCOPU.S. oil prices tumble after inventory data released, Reuters says
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06:13 EDTEOGEOG Resources downgraded to Neutral from Buy at Citigroup
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February 18, 2015
18:55 EDTEOGOn The Fly: After Hours Movers
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17:15 EDTEOGEOG Resources expects to complete about 45% fewer wells in FY15
EOG's primary goal for 2015 is to position the company to resume long-term growth once crude oil prices recover. The company is not interested in accelerating crude oil production in a low-price environment. Capital expenditures for 2015 are expected to range from $4.9B-$5.1B, including production facilities and midstream expenditures, and excluding acquisitions. This 40 percent reduction compared to 2014 reflects EOG's commitment to capital discipline in a low crude oil price environment. Capital will be allocated primarily to EOG's highest rate-of-return oil assets, the Eagle Ford, Delaware Basin and Bakken plays. To further enhance capital efficiency, EOG plans to utilize rigs under existing commitments and delay a significant number of completions. Delaying completions increases returns, adds substantial net present value and prepares the company to resume strong oil growth when commodity prices recover. Due to reduced capital spending and delayed completions, EOG expects to complete approximately 45% fewer wells in 2015 versus 2014. Therefore, the midpoint for 2015 total company crude oil production guidance is essentially flat year over year. Once again, EOG plans to minimize investment in domestic dry natural gas drilling. As a result, its U.S. natural gas production and total company production are expected to decline modestly. Year after year, EOG has relentlessly focused on advancing its industry-leading completion technology and driving down unit costs through efficiency gains. That will not change in 2015. Finally, the company expects to use its strong balance sheet to capitalize on unique opportunities created by this low-price environment to add high-quality acreage.
17:14 EDTEOGEOG Resources reports Q4 EPS 79c, consensus $1.02
Reports Q4 revenue $4.65B, consensus $4.14B.
17:07 EDTMROMarathon Oil announces $3.5B capital, investment and exploration budget for 2015
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17:05 EDTMROMarathon Oil reports Q4 adjusted EPS 0.0c, consensus 3c
Reports Q4 revenue $2.5B, consensus $2.42B. U.S. resource plays averaged net production of 206,000 boed, up 43% from the year-ago quarter and 7% higher than third quarter 2014.
15:35 EDTMRO, EOGNotable companies reporting after market close
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15:07 EDTMROMarathon Oil February volatility elevated into Q4 and outlook
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09:28 EDTEOGEOG Resources volatility increases into Q4 results and outlook
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08:39 EDTDVNDevon Energy price target raised to $80 from $65 at BMO Capital
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February 17, 2015
17:29 EDTCOPBerkshire Hathaway gives quarterly update on stakes, exits Exxon Mobil
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17:13 EDTDVNPoint72 gives quarterly update on stakes
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16:25 EDTDVNDevon Energy sees Q1 production 650-673 MBoe/d
Sees 2015 production 637-662 MBoe/d.
16:23 EDTDVNDevon Energy sees 2015 oil production growth 20%-25%
Devonís 2015 E&P capital budget is $4.1B-$4.4B. This level of investment implies around a 20% decline in E&P spending compared to 2014 and is designed to better balance capital expenditures with expected cash inflows, it stated. It added, "Even with reduced E&P capital investment in 2015, the companyís production growth outlook remains unchanged. With significant improvements in completion design and a capital program focused on development drilling, Devon expects to deliver oil production growth of 20 to 25 percent year over year on a retained property basis. This production outlook is driven by balanced oil growth in both the U.S. and Canada."
16:22 EDTDVNDevon Energy reports Q4 core EPS 84c, consensus $1.05
Reports Q4 revenue $6.0B, consensus $4.11B. Production from Devonís retained assets averaged 664,000 oil-equivalent barrels per day during Q4. Devon also delivered record oil production of 239,000 barrels per day in Q4.
15:32 EDTDVNNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Devon Energy (DVN), consensus $1.05... Vornado Realty (VNO), consensus $1.23... Analog Devices (ADI), consensus 61c... FirstEnergy (FE), consensus 75c... CF Industries (CF), consensus $5.08... Agilent Technologies (A), consensus 41c... Cimarex Energy (XEC), consensus 82c... Flowserve (FLS), consensus $1.13... Fossil (FOSL), consensus $3.07... Rackspace (RAX), consensus 19c... Norwegian Cruise Line (NCLH), consensus 37c... Jack in the Box (JACK), consensus 87c... Cloud Peak Energy (CLD), consensus 7c... La-Z-Boy (LZB), consensus 38c... KAR Auction Services (KAR), consensus 29c... Owens & Minor (OMI), consensus 50c... Valmont Industries (VMI), consensus $1.65... Realty Income (O), consensus 66c.
14:47 EDTDVNDevon Energy volatility elevated into Q4 and outlook
Devon Energy February call option implied volatility is at 51, March and April is at 33; compared to its 26-week average of 30 according to Track Data, suggesting large near term price movement into the expected release of Q4 result on February 18.
06:58 EDTCOPBrent oil reaches $62 per barrel, Reuters reports
Driven higher by Middle East turbulence, the price of brent crude oil reached $62 per barrel today, close to its 2015 high, according to Reuters. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
February 15, 2015
16:32 EDTCOPInvestors should avoid Exxon, Chevron, ConocoPhillips, Shell, Barron's says
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