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Stock Market & Financial Investment News

News Breaks
January 28, 2014
06:37 EDTCRZOCarrizo Oil & Gas to announce plans to increase FY14 crude oil production by 50%
Carrizo Oil & Gas plans to provide an update on the company's current operations and future plans. The presentation includes the following key highlights: increasing 2014 crude oil production growth target to 50% from 40%+; reporting preliminary Q4 crude oil production of 13,029 Bbl/d, above the high-end of guidance; increasing average Eagle Ford Shale per-well EURs to 523 MBoe from 495 MBoe; decreasing average expected Eagle Ford Shale well costs to $7.5M-$8.0M. Reporting continued strong performance from the Rector 1H well in the Utica Shale, with current rates running approximately 500 Bbl/d of condensate, 1.9 MMcf/d of residue gas, and 95 Bbl/d of NGLs, assuming ethane rejection and a natural gas shrink of 7%, or 906 Boe/d on a 14/64 in. choke.
News For CRZO From The Last 14 Days
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September 1, 2015
08:10 EDTCRZOSunTrust identifies E&P companies with 'most optionality'
SunTrust says that Carrizo Oil & Gas (CRZO), Concho Resources (CXO), Gulfport Energy (GPOR), and PDC Energy (PDCE) "can thrive" if oil prices rise to $55 per barrel and can "easily survive" if oil prices fall to $35 per barrel. The firm says these four companies are "best positioned to take advantage of either type of oil environment." It keeps Buy ratings on all four names.

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