|December 24, 2012|
|07:31 EDT||XOM, DNR||Denbury Resources completes second phase of Bakken sale and asset exchange|
Denbury Resources (DNR) announced the closing of the second and final phase of its previously announced Bakken sale and asset exchange with Exxon Mobil (XOM) and its wholly-owned subsidiary XTO Energy. In the first closing, ExxonMobil retained $350M cash and Denbury retained a 17.5% interest in the Bakken area assets to enable an exchange of the retained Bakken assets for roughly one-third of ExxonMobil's CO2 reserves in LaBarge Field in Wyoming. In this second phase closing, ExxonMobil exchanged the contemplated interest in the CO2 reserves and residual cash balances, after preliminary closing adjustments, for Denbury's retained interest in the Bakken area assets.
News For DNR;XOM From The Last 14 Days
Check below for free stories on DNR;XOM the last two weeks.
|December 4, 2013|
|08:36 EDT||XOM||Iraq, oil majors near agreement on lower production targets, FT reports|
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|07:40 EDT||DNR||Cowen to host a conference|
Ultimate Oil Services and E&P Conference is being held in New York on December 3-4 with webcasted company presentations to begin on December 4 at 8 am; not all company presentations may be webcasted. Webcast Link
|November 29, 2013|
|07:16 EDT||XOM||Exxon turns over part of Iraq oilfield stake to Petrochina, Reuters reports|
Exxon Mobil (XOM) turned over a 25% stake in Iraq's West Qurna-1 oilfield project to China energy company PetroChina (PTR), said Iraq's deputy prime minister for energy, reports Reuters.Reference Link
|06:11 EDT||XOM||On the Fly: Periodicals Wrap-Up|
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|November 25, 2013|
|10:00 EDT||DNR||On The Fly: Analyst Downgrade Summary|
Today's noteworthy downgrades include: Brocade (BRCD) downgraded to Neutral from Buy at ISI Group... Campbell Soup (CPB) downgraded to Neutral from Buy at Goldman... Clorox (CLX) downgraded to Sell from Neutral at Goldman... Deere (DE) downgraded to Market Perform from Outperform at BMO Capital... JetBlue (JBLU) downgraded to Underperform from Market Perform at Raymond James... PAA Natural Gas Storage (PNG) downgraded to Neutral from Buy at UBS... Schnitzer Steel (SCHN) downgraded to Underperform from Hold at Jefferies... Windstream (WIN) downgraded to Neutral from Buy at DA Davidson... Gerdau SA (GGB) downgraded to Neutral from Outperform at Credit Suisse... Denbury Resources (DNR) downgraded to Neutral from Positive at Susquehanna... Qihoo 360 (QIHU) downgraded to Hold from Buy at Stifel... Time Warner Cable (TWC) downgraded to Hold from Buy at Argus... Sprint (S) downgraded to Sector Perform from Outperform at Pacific Crest... Comfort Systems USA (FIX) downgraded to Hold from Buy at KeyBanc.
|07:43 EDT||DNR||Denbury Resources downgraded to Neutral from Positive at Susquehanna|
Susquehanna said Denbury decided not to go with an MLP restructure and has chosen to moderate growth. Price target lowered to $19 from $23.
|November 24, 2013|
|20:07 EDT||XOM||Oil trades lower on Iran deal, Reuters says|
Oil prices dropped on Monday after Iran and six world powers agreed on a deal to curtail its nuclear program, Reuters says. The agreement will give some relief to Iran from debilitating sanctions, adds Reuters. Reference Link