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Stock Market & Financial Investment News

News Breaks
January 30, 2013
13:59 EDTDVNScotia Waterous retained by Devon for Eastern Ohio asset sales
Scotia Waterous, the oil and gas arm of Scotiabank, said it has been retained by Devon Energy (DVN) to advise and assist in the sale of the company’s Utica Shale / Point Pleasant assets in Eastern Ohio. The Utica / Point Pleasant play is currently in the early stages of appraisal and development, Scotia Waterous said, adding that well results "are promising and there is growing confidence in the prospectivity of the play given very significant leasing and drilling activity." Bids are due on March 13.Reference Link
News For DVN From The Last 14 Days
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January 26, 2015
16:26 EDTDVNMarathon Oil, Cobalt, RSP Permian downgraded at UBS
UBS lowered its Brent and WTI forecasts to $52.50 and $49 from $67.50 and $62.50, respectively, and downgraded a number of names in the energy space in conjunction. Along with making changes to its oil price forecasts, UBS downgraded Marathon Oil (MRO), Cobalt (CIE) and RSP Permian (RSPP), all to Neutral from Buy. The firm also identified ConocoPhillips (COP), Devon Energy (DVN), Murphy Oil (MUR), Ultra Petroleum (UPL), Range Resources (RRC), Denbury Resources (DNR), and Magnum Hunter (MHR) as having high valuations, slowing growth and wide free cash flow deficits and said it was cautious on all of those names as well.
January 20, 2015
07:30 EDTDVNDevon Energy upgraded to Buy from Accumulate at KLR Group
Price target $81.

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