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Stock Market & Financial Investment News

News Breaks
May 2, 2012
07:59 EDTCOPConocoPhillips downgraded to Underperform from Neutral at BofA/Merrill
As previously reported, BofA/Merrill downgraded ConocoPhillips to Underperform from Neutral. The firm cites relative valuation for its Underperform rating based on a standalone E&P company. Price target is $63.
News For COP From The Last 14 Days
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November 26, 2014
06:42 EDTCOPSaudis unlikely to seek oil output changes, Reuters reports
Saudi Arabia indicated today that it probably won't seek major changes in OPEC's oil output during the group's meeting this week, according to Reuters. The oil market should "stabilize itself" eventually, the news service quoted Saudi Oil Minister Ali al-Naimi. as saying OPEC members Venezuela and Iraq have called for output cuts, while non-OPEC member Russia said it would not reduce production, the news service stated. 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
November 25, 2014
13:01 EDTCOPOPEC leans toward compromise to cut supplies, WSJ says
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November 23, 2014
19:12 EDTCOPIran may suggest 1M barrel a day cut at OPEC meeting, Bloomberg says
According to media reports in Iran, the Iranian oil minister Bijan Namdar Zanganeh may speak with Saudi Arabia’s Oil Minister Ali Al-Naimi on the sidelines of the OPEC meeting in Vienna this week to propose that OPEC cut its output target by as much as 1 million barrels a day, says Bloomberg. 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
November 18, 2014
18:26 EDTCOPKeystone pipeline legislation voted down by U.S. Senate
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10:03 EDTCOPConocoPhillips management to meet with ISI Group
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November 14, 2014
16:39 EDTCOPBerkshire Hathaway gives quarterly update on stakes
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