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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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April 22, 2015
10:02 EDTEOG, ECA, APAOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Alcoa (AA) initiated with a Neutral at Cleveland Research... American Electric (AEP) initiated with a Neutral at Guggenheim... American Water (AWK) initiated with a Buy at Guggenheim... Anadarko (APC) initiated with a Buy at Nomura... Apache (APA) initiated with a Reduce at Nomura... Associated Banc Corp (ASB) initiated with a Market Perform at Wells Fargo... Cabot Oil & Gas (COG) initiated with a Neutral at Nomura... Canadian Natural (CNQ) initiated with a Buy at Nomura... Cenovus Energy (CVE) initiated with a Reduce at Nomura... Chesapeake (CHK) initiated with a Reduce at Nomura... Cimarex Energy (XEC) initiated with a Neutral at Nomura... Communications Sales & Leasing (CSAL) initiated with an Overweight at Stephens... Concho Resources (CXO) initiated with a Buy at Nomura... Consolidated Edison (ED) initiated with a Neutral at Guggenheim... Continental Resources (CLR) initiated with a Buy at Nomura... DTE Energy (DTE) initiated with a Buy at Guggenheim... Denbury Resources (DNR) initiated with a Reduce at Nomura... Depomed (DEPO) initiated with an Overweight at Piper Jaffray... Devon Energy (DVN) initiated with a Neutral at Nomura... Dominion (D) initiated with a Buy at Guggenheim... Duke Energy (DUK) initiated with a Buy at Guggenheim... EOG Resources (EOG) initiated with a Buy at Nomura... Edison International (EIX) initiated with a Neutral at Guggenheim... Encana (ECA) initiated with a Buy at Nomura... Entergy (ETR) initiated with a Neutral at Guggenheim... Eversource (ES) initiated with a Buy at Guggenheim... Exelon (EXC) initiated with a Buy at Guggenheim... FirstEnergy (FE) initiated with a Neutral at Guggenheim... Great Plains Energy (GXP) initiated with a Buy at Guggenheim... Hess Corp. (HES) initiated with a Neutral at Nomura... Marathon Oil (MRO) initiated with a Buy at Nomura... Media General (MEG) initiated with a Neutral at Nomura... Medley Capital (MCC) initiated with a Buy at Janney Capital... Murphy Oil (MUR) initiated with a Neutral at Nomura... Newfield Exploration (NFX) initiated with a Buy at Nomura... Newtek Business Services (NEWT) initiated with a Neutral at Ladenburg... NextEra Energy (NEE) initiated with a Buy at Guggenheim... Noble Energy (NBL) initiated with a Reduce at Nomura... Oasis Petroleum (OAS) initiated with a Neutral at Nomura... PG&E (PCG) initiated with a Neutral at Guggenheim... PPL Corp. (PPL) initiated with a Buy at Guggenheim... PSEG (PEG) initiated with a Buy at Guggenheim... Pernix Therapeutics (PTX) initiated with an Overweight at Piper Jaffray... Pinnacle West (PNW) initiated with a Neutral at Guggenheim... Pioneer Natural (PXD) initiated with a Buy at Nomura... RSP Permian (RSPP) initiated with a Buy at Wunderlich... Range Resources (RRC) initiated with a Buy at Nomura... STMicroelectronics (STM) initiated with a Buy at Craig-Hallum... Southern Company (SO) initiated with a Neutral at Guggenheim... Southwestern Energy (SWN) initiated with a Neutral at Nomura... Starz (STRZA) initiated with a Sector Perform at FBN Securities... Stellus Capital (SCM) initiated with a Neutral at Janney Capital... Suncor (SU) initiated with a Buy at Nomura... TECO Energy (TE) initiated with a Neutral at Guggenheim... Tribune Media (TRCO) initiated with a Hold at Jefferies... Ultra Petroleum (UPL) initiated with a Neutral at Nomura... Whiting Petroleum (WLL) initiated with a Neutral at Nomura... Zogenix (ZGNX) initiated with an Overweight at Piper Jaffray... bluebird bio (BLUE) initiated with a Buy at Maxim.
07:15 EDTECAEncana initiated with a Buy at Nomura
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07:14 EDTEOGEOG Resources initiated with a Buy at Nomura
Target $112.
07:14 EDTAPAApache initiated with a Reduce at Nomura
Target $63.
April 21, 2015
12:59 EDTCVXExxon Mobil CEO sees continued pressure on oil prices, WSJ says
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10:00 EDTECAOn The Fly: Analyst Upgrade Summary
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07:22 EDTCVXOceaneering cut to sell following recent rally at Jefferies
Jefferies downgraded Oceaneering (OII) to Underperform from Hold citing the recent rally in shares and its lowered order outlooks across its subsea hardware coverage. Underperform is the firm's equivalent to a sell rating. It cut its price target for shares to $49 from $52. Oceaneering closed Monday's trading up 45c to $57.56. Jefferies calls Chevron (CVX) and Galp Energia its top stock picks in the integrated oil sector.
06:50 EDTECAEncana upgraded at Morgan Stanley
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06:15 EDTECAEncana upgraded to Overweight from Equal Weight at Morgan Stanley
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April 20, 2015
11:44 EDTECAEncana seeking buyers for Haynesville assets, Bloomberg reports
Citigroup is seeking buyers for Encana's Haynesville assets in Louisiana as the company focuses on drilling in Texas and Canada, Bloomberg reports, citing people with knowledge of the matter. The natural gas properties could be valued as much as $1B, Bloomberg notes. [Reference Link
11:24 EDTECAEncana seeking buyers for Haynesville assets, Bloomberg reports
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09:36 EDTCVXActive equity options trading on open
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08:32 EDTAPABofA/Merrill European strategists hold an analyst/industry conference call
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06:06 EDTCVXChevron to face off against lawyer in appears court, WSJ reports
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April 17, 2015
10:00 EDTEOGOn The Fly: Analyst Downgrade Summary
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08:29 EDTCVXU.S. may be at, or near, peak oil output, WSJ says
New data and forecasts suggest lower crude prices are finally prompting U.S. energy companies to cut back their crude output, according to The Wall Street Journal, citing reports from OPEC, the DOE and North Dakota. Publicly traded oil majors include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Publicly traded drillers and oil services companies include Baker Hughes (BHI), Diamond Offshore (DO), Halliburton (HAL), Nabors Industries (NBR), Noble Corp. (NE), Rowan Companies (RDC), Schlumberger (SLB), Transocean (RIG) and Weatherford (WFT). Reference Link
07:58 EDTEOG, EOGEOG Resources downgraded to Underperform from Outperform at CLSA
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April 14, 2015
06:40 EDTCVXU.S. shale forecast, Yemen fighting lift oil prices, Reuters says
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April 13, 2015
10:00 EDTECAOn The Fly: Analyst Upgrade Summary
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08:47 EDTECAEncana upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill upgraded to Buy with a $14 price target based on valuation, accelerated news flow from the Permian, and leverage to rising oil prices.
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