New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 18, 2014
04:55 EDTRRMS, RRMS, SEMG, SEMG, CRZO, CRZO, CXO, CXO, GDP, GDP, OAS, OASTudor Pickering to hold a conference
Energy Conference to be held in Houston, Texas on June 18-19.
News For CRZO;CXO;GDP;OAS;RRMS;SEMG From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 28, 2014
13:09 EDTGDPOptions with increasing implied volatility
Subscribe for More Information
06:01 EDTGDPStocks with implied volatility above IV index mean; GDP ACHN
Subscribe for More Information
October 27, 2014
11:17 EDTGDPOptions with increasing implied volatility: OCN HSY GDP BYI
Subscribe for More Information
10:00 EDTGDP, CXOOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Abraxas Petroleum (AXAS) downgraded to Hold from Buy at Stifel... Anadarko (APC) downgraded to Neutral from Buy at Goldman... Basic Energy (BAS) downgraded to Sell from Buy at Goldman... Cabot Oil & Gas (COG) downgraded to Sector Perform from Outperform at Howard Weil... Coca-Cola (KO) downgraded to Neutral from Buy at Buckingham... CommScope (COMM) downgraded at BofA/Merrill... Concho Resources (CXO) downgraded to Hold from Buy at Stifel... Consolidated Communications (CNSL) downgraded to Market Perform at Raymond James... Continental Resources (CLR) downgraded to Neutral from Buy at Goldman... Covanta (CVA) assumed with a Neutral from Outperform at Macquarie... DCP Midstream (DPM) downgraded to Neutral from Buy at Goldman... Denbury Resources (DNR) downgraded to Hold from Buy at Stifel... Diamond Offshore (DO) downgraded to Sell from Neutral at Goldman... Diana Shipping (DSX) downgraded to Hold from Buy at Deutsche Bank... EP Energy (EPE) downgraded to Neutral from Buy at Goldman... EZchip (EZCH) downgraded to Neutral from Buy at Chardan... Emerge Energy (EMES) downgraded to Neutral from Buy at Goldman... Encore Wire (WIRE) downgraded to Neutral from Buy at DA Davidson... Enduro Royalty Trust (NDRO) downgraded to Neutral from Buy at Goldman... First Niagara (FNFG) downgraded to Sector Perform from Outperform at RBC Capital... GOL Linhas (GOL) downgraded to Neutral from Buy at BofA/Merrill... Goodrich Petroleum (GDP) downgraded to Hold from Buy at Stifel... Halliburton (HAL) downgraded to Buy from Conviction Buy at Goldman... Home Loan Servicing (HLSS) downgraded to Neutral from Buy at Citigroup... ICON plc (ICLR) downgraded to Equal Weight from Overweight at Barclays... IHS Inc. (IHS) downgraded to Equal Weight from Overweight at Barclays... Jones Energy (JONE) downgraded to Hold from Buy at Stifel... Laredo Petroleum (LPI) downgraded to Sell from Neutral at Goldman... Lloyds Banking (LYG) downgraded to Underperform from Hold at Jefferies... Midcoast Energy (MEP) downgraded to Neutral from Buy at Goldman... PDC Energy (PDCE) downgraded to Hold from Buy at Stifel... PNC Financial (PNC) downgraded at Sterne Agee... Parsley Energy (PE) downgraded to Sell from Neutral at Goldman... Patterson-UTI (PTEN) downgraded to Neutral from Conviction Buy at Goldman... Pioneer Energy (PES) downgraded to Neutral from Buy at Goldman... Precision Castparts (PCP) downgraded at RBC Capital... Royal Gold (RGLD) downgraded to Neutral from Overweight at HSBC... SM Energy (SM) downgraded to Hold from Buy at Stifel... Sanchez Energy (SN) downgraded to Hold from Buy at Stifel... Scorpio Bulkers (SALT) downgraded to Hold from Buy at Deutsche Bank... Synergy Resources (SYRG) downgraded to Hold from Buy at Stifel... Ventas (VTR) downgraded to Neutral from Buy at UBS... Whiting Petroleum (WLL) downgraded to Hold from Buy at Stifel... Zumiez (ZUMZ) downgraded to Neutral from Buy at DA Davidson.
08:20 EDTCRZOCarrizo Oil & Gas sees Q3 lease operating expense $6.75-$6.85/Boe
Sees Q3 DD&A to range between $27.00-$27.10/Boe. The higher lease operating expense range for the quarter is primarily due to higher actual lease operating expenses than previously estimated and accrued for in the second quarter of 2014. The Company currently expects to meet or beat third quarter guidance for its remaining expense items. Additionally, the company's Q3 net cash from derivative settlements is now expected to be a loss of approximately $7.7M. Carrizo estimates production volumes during Q3 were 3,090 MBoe, or 33,587 Boe/d, an increase of 12% versus 3Q13 and 1% versus the prior quarter. The year-over-year production growth was driven by strong results in each of the company's operating regions, which more than offset the sale of the company's remaining natural-gas-weighted Barnett Shale properties during 4Q13. Oil production during the Q3 averaged 20K Bbls/d, an increase of 64% versus the same period last year and 8% versus the prior quarter; natural gas and NGL production averaged 81,500 Mcfe/d during Q3. Q3 production exceeded the high end of company guidance due primarily to strong performance from the company's Eagle Ford Shale assets and a lower-than-expected amount of voluntary production curtailments in its Marcellus Shale assets.
08:18 EDTCRZOCarrizo Oil & Gas announces Eagle Ford Shale acquisition
Carrizo Oil & Gas announced that it has completed the acquisition of additional leasehold and producing interests in the Eagle Ford Shale from Eagle Ford Minerals for $250M in cash, subject to a closing adjustment credit of $7M. The acquisition represents an approximate 25% working interest in certain Eagle Ford Shale properties that were already operated by Carrizo. Following the closing of the transaction, Carrizo holds an approximate 100% working interest in these assets. The acquired properties are in three main project areas which are centrally located in the most prospective portion of the Eagle Ford Shale's volatile oil window and represent some of the highest EUR's and IRR's of all of Carrizo's Eagle Ford Shale portfolio. Third quarter net production from the acquired properties was 2,260 Bbls/d and 2,457 MMcfe/d. The acquisition increases Carrizo's position in the Eagle Ford Shale by approximately 6,820 net acres to more than 81K net acres, and increases its drilling inventory in the play by 93 net wells to more than 915 net locations. As of September 30, Carrizo estimates net proved reserves associated with the acquisition to be 16.7 MMBoe. Additionally, the company estimates the net 2P potential of the acquisition to be approximately 39.0 MMBoe. The transaction was completed on October 24, with an effective date of October 1. At closing, Carrizo paid approximately $93M with the remaining $150M to be paid by February 2015. Carrizo plans to fund the acquisition with the proceeds of a separately-announced debt financing. The closing payment for the transaction was initially funded from borrowings under Carrizo's revolving credit facility.
06:16 EDTGDPGoodrich Petroleum downgraded to Hold from Buy at Stifel
Stifel downgraded Goodrich Petroleum and others in the Exploration & Production space to Hold citing continued downside risk to oil prices. The firm believes it is too early for value investors to buy oil stocks.
06:16 EDTCXOConcho Resources downgraded to Hold from Buy at Stifel
Stifel downgraded Concho Resources and others in the Exploration & Production space to Hold citing continued downside risk to oil prices. The firm believes it is too early for value investors to buy oil stocks.
October 24, 2014
17:03 EDTRRMSRose Rock Midstream files to sell $150M of common units
Subscribe for More Information
October 23, 2014
16:36 EDTRRMSRose Rock Midstream increases limited partner unit distribution 7.5% to 57.5c
Subscribe for More Information
10:01 EDTOASOn The Fly: Analyst Initiation Summary
Subscribe for More Information
08:13 EDTCRZOCabot among Marcellus producers hardest hit by glut, WSJ says
The rapid growth of production from the Marcellus Shale has caused gas prices to drop and forced drillers to re-evaluate operations, with Cabot Oil and Gas (COG) among the hardest hit, said The Wall Street Journal. Other companies mentioned as being impacted and having responded in the report include Ultra Petroleum (UPL), Chesapeake Energy (CHK) and Carrizo Oil & Gas (CRZO). Reference Link
07:02 EDTOASOasis Petroleum initiated with a Neutral at Susquehanna
Subscribe for More Information
05:59 EDTGDPGoodrich Petroleum implied volatility of 146 at upper end of index mean range
Subscribe for More Information
05:48 EDTGDPStocks with implied volatility movement; GDP OCN
Subscribe for More Information
October 16, 2014
07:42 EDTSEMGSemGroup weakness a buying opportunity, says UBS
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