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Stock Market & Financial Investment News

News Breaks
December 24, 2012
09:02 EDTECA, CVX, APA, EOGChevron unit acquires operating interest in Western Canada LNG project
Chevron (CVX) announced that its indirect Canadian subsidiary, Chevron Canada Limited, will acquire a 50% operating interest in the Kitimat liquefied natural gas project and proposed Pacific Trail Pipeline, and a 50% interest in approximately 644,000 acres of petroleum and natural gas rights in the Horn River and Liard Basins in British Columbia, Canada. Under the terms of the agreements, Chevron Canada Limited will acquire all of the interests currently owned by affiliates of EOG Resources Canada (EOG) and Encana Corporation (ECA) in the proposed Kitimat LNG Project and PTP. Thereafter, Chevron Canada Limited will equalize interests with an Apache Corporation (APA) subsidiary, resulting in Chevron Canada Limited and Apache each holding a 50% interest in both the Kitimat LNG Project and PTP. Operatorship of both facilities will transfer to Chevron Canada Limited. The proposed two-train Kitimat LNG Project, currently progressing through the Front-End Engineering and Design phase, has a Canadian National Energy Board license to export 10 million tons per annum of LNG. Additionally, Chevron Canada Limited will acquire approximately 110,000 net acres in the established Horn River Basin from Encana, EOG and Apache, and approximately 212,000 net acres in the Liard Basin from Apache.
News For CVX;EOG;APA;ECA From The Last 14 Days
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June 18, 2013
09:37 EDTCVXBNP Paribas to broker Chevron Nigeria oil sales, Reuters reports
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07:38 EDTAPATudor Pickering to host a conference
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07:13 EDTCVXU.S. oil exports highest in 30 years, Bloomberg reports
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06:04 EDTCVXEnergy firms may look to courts over U.S. natural gas exports, Reuters reports
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June 17, 2013
16:07 EDTCVXTesoro Logistics confirms FTC clearance for purchase of Chevron system
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15:35 EDTCVXFTC requires Tesoro to sell petroleum terminal for Chevron deal
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10:10 EDTCVXOn The Fly: Analyst Downgrade Summary
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08:00 EDTCVXChevron downgraded to Hold from Buy at Jefferies
Jefferies downgraded Chevron with a $135 price target citing valuation and expectations its growth can lag the sector average.
07:26 EDTECAHart Energy to host a conference
6th Annual Energy Capital Conference 2013 is being held in Houston on June 17-18.
June 16, 2013
14:13 EDTCVXChevron confirms first cargo from Angola LNG
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June 14, 2013
08:06 EDTCVXLNG trade declined in 2012, FT reports
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June 13, 2013
07:09 EDTCVXU.S. crude oil production surged 14% in 2012, WSJ reports
U.S. crude oil production grew by over 1M barrels a day last year, the largest increase in the world and the largest in U.S. history. In the latest sign of the shale revolution remaking world energy markets, crude production in the U.S. jumped 14% last year to 8.9M barrels a day, according to the newly released Statistical Review of World Energy, published by BP, reports the Wall Street Journal.Reference Link
June 11, 2013
12:15 EDTCVXEIA sees Brent crude to average $102/barrel over 2H, $100/barrel in 2014
In its updated short-term energy outlook, the U.S. Energy Information Administration expects Brent crude oil spot price to average $102 per barrel over 2H, and $100 per barrel in 2014. EIA expects the price of regular gasoline will average $3.53 per gallon over the summer driving season. The annual average regular gasoline retail price is projected to decline from $3.63 per gallon in 2012 to $3.49 per gallon in 2013 and to $3.37 per gallon in 2014. Reference Link
08:04 EDTECAEncana appoints Doug Suttles as CEO
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07:38 EDTCVXOPEC: Stronger oil demand growth in second half of 2013, Reuters reports
OPEC said the world's oil demand will grow faster in the rest of 2013 than during the first half due to economic recovery and higher seasonal consumption, reports Reuters. Reference Link
07:23 EDTECAEncana to hold a media roundtable
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07:20 EDTECAEncana to host conference call
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June 5, 2013
10:07 EDTCVXOn The Fly: Analyst Downgrade Summary
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10:07 EDTAPAOn The Fly: Analyst Upgrade Summary
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07:12 EDTCVXArgentina revokes Chevron asset freeze, Bloomberg reports
Argentina’s Supreme Court revoked the seizure of Chevron’s (CVX) assets in the country six months after an embargo was put in place that threatened to derail plans to develop shale deposits with state-run YPF (YPF), reports Bloomberg.Reference Link
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