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Stock Market & Financial Investment News

News Breaks
December 24, 2012
07:31 EDTDNR, XOMDenbury 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
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November 25, 2014
07:05 EDTXOMNuverra Environmental announces contract with XTO Energy for pipeline services
Nuverra Environmental (NES) announced that it has entered into a long-term definitive agreement with XTO Energy, a subsidiary of Exxon Mobil (XOM), to provide water-related pipeline services in McKenzie County, North Dakota. Under the agreement, Nuverra will build the 150-mile McKenzie County Pipeline Network to provide produced water gathering and disposal services and fresh water delivery. The XTO agreement is a long-term, fee-based gathering agreement. The Network will serve XTO's dedicated acreage, as well as other operator wells in the area. The Network will feature fixed, buried pipelines, which will include a gathering line to transport produced and flowback water for disposal or recycling and a distribution line for fresh water delivery. The Network is projected to cost $125M-$150M, based on current engineering and construction specifications, with completion during the fourth quarter of fiscal 2015. Construction is expected to begin in May 2015.
November 24, 2014
10:00 EDTXOMOn The Fly: Analyst Downgrade Summary
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06:47 EDTXOMExxon Mobil downgraded to Market Perform from Outperform at Raymond James
Raymond James downgraded Exxon Mobil to Market Perform given limited leverage to potential improving oil prices.
November 23, 2014
19:12 EDTXOMIran 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 EDTDNROn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Zoetis (ZTS) downgraded to Market Perform from Outperform at William Blair... Target (TGT) downgraded to Hold from Buy at Evercore ISI... Alexandria Real Estate (ARE) downgraded to Neutral from Outperform at RW Baird... Allscripts (MDRX) downgraded to Sector Perform from Outperform at RBC Capital... athenahealth (ATHN) downgraded to Underperform from Sector Perform at RBC Capital... Boston Properties (BXP) downgraded to Neutral from Outperform at RW Baird... Cliffs Natural (CLF) downgraded to Hold from Buy at Deutsche Bank... Cubist (CBST) downgraded to Neutral from Outperform at Credit Suisse... Denbury Resources (DNR) downgraded to Equal Weight from Overweight at Barclays... E-House (EJ) downgraded to Perform from Outperform at Oppenheimer... Owens-Illinois (OI) downgraded to Market Perform from Outperform at BMO Capital... Quality Systems (QSII) downgraded to Sector Perform from Outperform at RBC Capital... Sapient (SAPE) downgraded to Hold from Buy at Stifel... Harsco (HSC) downgraded to Hold from Buy at Argus... Credit Acceptance (CACC) downgraded to Underperform from Market Perform at JMP Securities... Liberty Media (LMCA) downgraded to Hold from Buy at Telsey Advisory.
05:26 EDTDNRDenbury Resources downgraded to Equal Weight from Overweight at Barclays
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November 19, 2014
16:39 EDTDNREvolution Petroleum updates capital spending plans for 2015, 2016
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10:00 EDTDNROn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Beacon Roofing (BECN) downgraded to Hold from Buy at KeyBanc... BlackBerry (BBRY) downgraded to Underweight from Equal Weight at Morgan Stanley... Consolidated Edison (ED) downgraded to Sell from Neutral at UBS... Denbury Resources (DNR) downgraded to Hold from Buy at Wunderlich... Synchronoss (SNCR) downgraded to Underperform from Neutral at RW Baird... Total System (TSS) downgraded to Sell from Neutral at Goldman... Movado (MOV) downgraded to Market Perform from Outperform at Barrington... Transocean Partners (RIGP) downgraded to Market Perform from Outperform at Wells Fargo... Seadrill Partners (SDLP) downgraded to Market Perform from Outperform at Wells Fargo... Petrobras (PBR) downgraded to Neutral from Buy at UBS.
06:22 EDTDNRDenbury Resources downgraded to Hold from Buy at Wunderlich
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November 18, 2014
18:26 EDTXOMKeystone pipeline legislation voted down by U.S. Senate
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November 17, 2014
13:58 EDTDNRDenbury Resources price target lowered to $16 from $29 at Ladenburg
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13:16 EDTDNRDenbury Resources down over 11%, near lows of session
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12:27 EDTDNROn The Fly: Midday Wrap
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10:02 EDTDNROn The Fly: Analyst Downgrade Summary
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09:45 EDTDNRDenbury Resources to host analyst day
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08:45 EDTDNRDenbury Resources downgraded at Sterne Agee
As noted earlier, Sterne Agee downgraded Denbury to Neutral from Buy. The firm downgraded the stock based on the company's lower than expected 2015 dividend, cautious growth outlook, and two executive departures.
07:12 EDTXOMBloomberg / Mayer Brown to co-host a conference
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06:17 EDTDNRDenbury Resources downgraded to Neutral from Buy at Sterne Agee
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05:50 EDTDNRDenbury Resources downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse downgraded Denbury Resources to Neutral citing lower oil prices and the recent resignation of two of the company's top operating officers. The firm lowered its price target for shares to $16 from $19.
November 14, 2014
16:36 EDTDNRDenbury Resources announces resignation of Craig McPherson as COO, FY15 plan
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