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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.
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October 9, 2014
08:49 EDTCRZOCarrizo Oil & Gas sell-off creates buying opportunity, says Sterne Agee
After meeting with Carizo's management and following a 30% decline in the stock since June 30, Sterne Agee is comfortable that the company can hit its informal 26 mb/d target for 2015 oil production, assuming crude bottoms above $80 per barrel. The firm says that the company has attractive oil hedges and a strong balance sheet.

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