|November 15, 2012|
|11:31 EDT||LPL, IAG, TEA, PAYX, COG, CVC, WLT||On The Fly: Analysts Downgrade Summary|
Today's noteworthy downgrades include: Cablevision (CVC) downgraded to Sell from Neutral at Goldman...Paychex (PAYX) downgraded to Neutral from Outperform at Credit Suisse...Walter Energy (WLT) downgraded to Underperform from Neutral at BofA/Merrill...Cabot Oil & Gas (COG) downgraded to Hold from Buy at Societe Generale...Teavana (TEA) downgraded to Hold from Buy at KeyBanc and to Market Perform from Outperform at William Blair...IAMGOLD (IAG) downgraded to Underperform from Neutral at Credit Suisse and to Sector Performer from Sector Outperformer at CIBC...LG Display (LPL) downgraded to Neutral from Positive at Avian.
News For CVC;PAYX;WLT;COG;TEA;IAG;LPL From The Last 14 Days
|February 12, 2016|
|16:55 EDT||CVC||Cablevision pays $21M for settlement in Dolan litigation |
Cablevision has settled the litigation with Thomas C. Dolan concerning matters largely from 2005 to 2008. Under the settlement agreement with Dolan, the company paid Dolan $21M. Charles F. Dolan and James L. Dolan have entered into an agreement to pay the company, in the aggregate, $6M in partial reimbursement of the company's settlement payment to Thomas C. Dolan if the company's pending merger with Altice N.V. is not consummated. Charles F. Dolan is Chairman of the Board and a director of the company, James L. Dolan is the company's CEO and a director of the company, and Thomas C. Dolan is the company's Executive VP-Strategy and Development, Office of the Chairman, and a director of the company. Payment to Thomas Dolan does not reduce or otherwise affect the consideration payable to the company's stockholders under the merger agreement.
|09:59 EDT||IAG||On The Fly: Analyst Upgrade Summary|
Today's noteworthy upgrades include: Aircastle (AYR) upgraded to Buy from Neutral at DA Davidson... Allegion (ALLE) upgraded to Buy from Outperform at CLSA... Bunge (BG) upgraded to Overweight from Neutral at JPMorgan... CAE (CAE) upgraded to Outperform from Market Perform at BMO Capital... Coeur Mining (CDE) upgraded on valuation, financial outlook at BMO Capital... Commerzbank (CRZBY) upgraded to Neutral from Sell at Goldman... ConAgra (CAG) upgraded to Buy from Neutral at BofA/Merrill... Equifax (EFX) upgraded to Buy from Hold at Deutsche Bank... Fresenius SE (FSNUY) upgraded to Buy from Hold at Berenberg... IAC (IAC) upgraded on share repurchase prediction at Stifel... IAMGOLD (IAG) upgraded to Neutral from Sell at Goldman... Louisiana-Pacific (LPX) upgraded to Neutral from Underperform at DA Davidson... Pandora (P) upgraded to Outperform from Market Perform at FBR Capital... Quintiles (Q) upgraded to Buy from Hold at Deutsche Bank... Quotient Technology (QUOT) upgraded to Buy from Hold at Craig-Hallum... Suncor (SU) upgraded to Buy from Neutral at Citi... Time Inc. (TIME) upgraded to Buy from Hold at Gabelli... Vonage (VG) upgraded to Outperform from Sector Perform at FBN Securities... Web.com (WEB) upgraded to Buy from Neutral at SunTrust.
|February 11, 2016|
|21:54 EDT||IAG||IAMGOLD upgraded to Neutral from Sell at Goldman|
Goldman analyst Andrew Quail upgraded IAMGOLD to Neutral citing balanced risk/reward that is now more balanced versus its free cash flow generation profile.
|14:39 EDT||IAG||IAMGOLD volatility increases as gold at one-year high|
IAMGOLD February call option implied volatility is at 96, March is at 85; compared to its 52-week range of 47 to 98, suggesting large near term price movement as gold trends to one-year high.
|11:03 EDT||IAG||Options with increasing call volume|
Options with increasing call volume and volatility; GOLD EA IAG TMV MFLX AUY O NLNK LOCK
|February 9, 2016|
|17:09 EDT||IAG||IAMGOLD issues mineral resource estimate for Diakha deposit|
IAMGOLD announced the first mineral resource estimate for the Diakha deposit located on the Siribaya JV project in western Mali, West Africa. The Siribaya exploration project is operated by IAMGOLD under a joint venture with Merrex Gold. The resource estimate, which includes resources estimated for previously known zones at Zone 1B and Taya Ko along the Siribaya trend as well as the new Diakha deposit, is comprised of Indicated Resources totalling 2.1M tonnes averaging 1.9 grams of gold per tonne for 129,000 ounces and Inferred Resources comprised of 19.8M tonnes averaging 1.71 grams of gold per tonne for 1.1M ounces. "A significant portion of the estimate is derived from the newly discovered Diakha deposit which is open in all directions and has significant potential for expansion," the company remarked. In support of the resource estimate, preliminary metallurgical testwork was completed on three composite samples prepared from Diakha diamond drill core. The results suggest that the gold mineralization is not refractory and that a gold recovery of approximately 92% can be expected from a conventional leach/carbon in pulp circuit.
|11:47 EDT||CVC||Cablevision volatility flat into Q4 and update on Altice deal |
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|February 8, 2016|
|06:47 EDT||CVC||NYC increases negative rhetoric over possible Altice, Cablevision deal, WSJ says|
New York City is increasing its negative commentary of Altice's (ATCEY) proposed acquisition of Cablevision (CVC), the Wall Street Journal reported Friday, citing a filing with the state's regulator the New York Public Service Commission. According to the filing, the city said it has "serious concern" over the $10B proposed transaction and that it raises "key public interest questions," the report says. The city won't make a formal decision on the proposed transaction until early spring, the report says. Reference Link
|February 2, 2016|
|10:01 EDT||COG||On The Fly: Analyst Initiation Summary|
Today's noteworthy initiations include: BlackBerry (BBRY) initiated with a Buy at TD Securities... British American Tobacco (BTI) initiated with a Buy at Berenberg... Cabot Oil & Gas (COG) initiated with a Buy at SunTrust... Celestica (CLS) initiated with a Hold at TD Securities... Devon Energy (DVN) initiated with an Equal Weight at Stephens... Fitbit (FIT) initiated with an Outperform at Oppenheimer... Imperial Tobacco (ITYBY) initiated with a Buy at Berenberg... Kite Pharma (KITE) initiated with an Outperform at RBC Capital... Mellanox (MLNX) initiated with a Buy at Roth Capital.
|07:20 EDT||COG||Cabot Oil & Gas initiated with a Buy at SunTrust|
|06:42 EDT||COG||Cabot Oil & Gas reduces FY16 capital budget to $3235M|
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|06:39 EDT||COG||Cabot Oil & Gas sees Q4 production about 1,642 Mmcfe per day|
Cabot expects production for Q4 to be approximately 1,642 million cubic feet equivalent, or Mmcfe, per day, including approximately 1,552 million cubic feet, or Mmcf, per day of natural gas and approximately 14,977 barrels, or Bbl, per day of liquids. Equivalent production for the quarter is expected to exceed the midpoint of the company's guidance range of 1,626 Mmcfe per day. Based on the expected production volumes for the fourth quarter, the company expects its total production growth for 2015 to be approximately 13%. Natural gas price realizations, including the effect of hedges, are expected to be $1.94 per thousand cubic feet in Q4. Excluding the impact of hedges, natural gas price realizations for the quarter are expected to be $1.52 per Mcf, representing a 75c discount to NYMEX settlement prices and an improvement relative to the company's Q4 guidance range of 90c-$1.00 below NYMEX settlement prices. Realized natural gas prices exceeded the company's expectations due to an improvement in basis differentials throughout Appalachia during the quarter. Oil price realizations are expected to be $37.74 per Bbl. Cabot expects to incur approximately $97 million in capital expenditures associated with activity during the fourth quarter of 2015. Based on this anticipated level of spending during the quarter, the Company expects to incur approximately $774 million in capital expenditures associated with activity during the full year of 2015, compared to the Company's 2015 capital program guidance of $850 million. The lower capital spending was a result of reduced activity levels in the fourth quarter, along with continued improvements in operating efficiencies and further reductions in service costs. Including the change in accrued capital costs relating to 2014 operating activity that was paid in 2015, total capital expenditures (including acquisitions) for 2015 are expected to be approximately $972 million. Contributions to equity method investments for 2015 are expected to be approximately $29 million. Cabot expects to recognize a non-cash, after-tax impairment charge of approximately $73 million in the fourth quarter of 2015 primarily associated with legacy, non-core fields due to the significant decline in commodity prices.