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Stock Market & Financial Investment News

News Breaks
December 24, 2012
09:02 EDTAPA, EOG, ECA, CVXChevron 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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November 23, 2014
19:12 EDTCVXIran may suggest 1M barrel a day cut at OPEC meeting, Bloomberg says
According to media reports in Iran, the Iranian oil minister Bijan Namdar Zanganeh may speak with Saudi Arabia’s Oil Minister Ali Al-Naimi on the sidelines of the OPEC meeting in Vienna this week to propose that OPEC cut its output target by as much as 1 million barrels a day, says Bloomberg. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
November 20, 2014
10:02 EDTAPAOn The Fly: Analyst Initiation Summary
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10:02 EDTEOGOn The Fly: Analyst Upgrade Summary
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08:06 EDTAPAApache sees 2015 North American onshore production growth 8%-12% on BOE basis
Apache Corporation will provide an update to investors at its North American Update conference in New York. During the conference, Apache will state that it forecasts 2015 North American onshore liquids growth of 12%-16% when adjusted for 2014 asset sales. On a barrel of oil equivalent, or BOE, basis, the company projects 2015 North American onshore production growth of 8%-12%. This forecast assumes a preliminary North American onshore exploration and production capital budget of approximately $4B. The company presented a five-year compounded annual production growth outlook for onshore North American liquids of 12%-16% and 8%-12% on a BOE basis.
08:03 EDTAPAApache announces sale of non-core Louisiana and Anadarko assets for $1.4B
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06:08 EDTEOGEOG Resources upgraded to Overweight from Neutral at Atlantic Equities
Price target is $120
November 19, 2014
17:09 EDTAPAApache initiated with an Outperform at Imperial Capital
Target $92.
November 18, 2014
18:26 EDTCVXKeystone pipeline legislation voted down by U.S. Senate
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November 17, 2014
08:47 EDTCVXWilliams says Gulfstar One placed into service
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08:43 EDTCVXChevron confirms first oil production from Tubular Bells in Gulf of Mexico
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08:36 EDTCVXHess Corp. announces first production from Tubular Bells Field
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November 14, 2014
09:38 EDTAPAJANA Partners gives quarterly update on stakes
NEW STAKES: AMD (AMD), AECOM Technology (ACM), Alibaba (BABA), McDonald's (MCD), Amgen (AMGN), Gaming and Leisure Properties (GLPI), Iron Mountain (IRM), iRobot (IRBT), Seadrill Partners (SDLP), Valeant (VRX). INCREASED STAKES: eBay (EBAY), Charter (CHTR), Groupon (GRPN), HD Supply (HDS), Hertz (HTZ). DECREASED STAKES: Apache (APA). LIQUIDATED STAKES: CBS (CBS), Endo (ENDP), FMC Corporation (FMC), SeaWorld (SEAS), SunEdison (SUNE).
November 13, 2014
08:13 EDTCVXChevron abandons geothermal project in Sumatra, Jakarta Post says
A Chevron unit has handed over its working area in Lampung, Sumatra, to the local government, with a government official stating that company said its early survey failed to find steam at an economical level to continue its geothermal project, according to the Jakarta Post. Reference Link
November 12, 2014
07:59 EDTAPAMitsubishi UFJ to hold a tour
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07:31 EDTECA, APABofA/Merrill to hold a conference
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06:04 EDTECAEncana reports Q3 EPS 38c, consensus 46c
Reports Q3 cash flow up 22% to $807M. Reports Q3 net earnings attributable to common shareholders were $2.8B, or $3.79 per share. Doug Suttles, Encana president and CEO stated, "Our Q3 results highlight the tremendous momentum we have built executing our strategy and we are now a full two years ahead of the targets we originally set for 2017. The steps we have taken to transform our portfolio and drive cost efficiencies have delivered an over 50% increase in upstream operating cash flow against an eight percent decline in overall production, compared to the same period in 2013. This highlights our focus on delivering value versus volumes. Consistent with the strategy we announced one year ago, we have built a balanced and resilient portfolio that comprises high-quality oil, natural gas liquids and natural gas investment opportunities."
November 11, 2014
07:47 EDTCVXJacobs Engineering receives contract from Chevron in South Africa
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November 10, 2014
15:43 EDTCVXAmerican Petroleum Institute to hold a conference
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15:15 EDTEOGJefferies to hold a conference
2014 Global Energy Conference is being held in New York on November 11-12.
07:18 EDTCVXChevron hasn't finished shale gas assessment in Romania, Reuters reports
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