New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 13, 2014
06:58 EDTSU, MRO, XOM, COP, CVX, TRP, STO, TOT, ENBCanadian oil pipelines facing hurdles, NY Times says
As the Keystone Pipeline remains stuck in regulatory limbo, oil companies are looking to construct new pipelines that would enable them to export oil from Canadian oil sands deposits, according to The New York Times. But the critical Northern Gateway pipeline, in particular, has been opposed by Native Canadian groups and the town of Kitimat, which is supposed to serve as the port terminal for the pipeline, the newspaper stated. Enbridge (ENB) is looking to build the Northern Gateway pipelines. Meanwhile, a Canadian pipeline proposed by TransCanada (TRP) has been opposed by environmentalists, the newspaper stated. Among the companies that have Canadian oil sands assets are Imperial Oil (IMO), ExxonMobil (XOM), Total (TOT), Chevron (CVX), Marathon (MRO), Statoil (STO), ConocoPhillips (COP), and Suncor (SU). Reference Link
News For ENB;TRP;XOM;TOT;CVX;MRO;STO;COP;SU From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 >>
October 7, 2015
08:43 EDTXOMExxon Mobil volatility flat as WTI oil trades above $49
Subscribe for More Information
08:40 EDTTRPTransCanada announces binding open season for Cushing Marketlink
TransCanada launched an Open Season to obtain binding commitments from interested parties for transportation of crude oil on Cushing Marketlink from Cushing, Oklahoma to markets on the U.S. Gulf Coast. Interested parties may submit binding bids for transportation capacity during the Open Season that will close on November 6 at Noon MST. The anticipated commencement date for crude oil transportation service is early Q1 of 2016.
08:09 EDTSUCanadian Oil Sands sets new shareholder rights plan
Canadian Oil Sands (COSWF) announced today that its board has adopted a new Shareholder Rights Plan, effective immediately, in response to Suncor Energy (SU) announcement on October 5 that it is making an unsolicited all-share offer to acquire all of the outstanding common shares of Canadian Oil Sands. The New Rights Plan is designed to ensure that Canadian Oil Sands' Shareholders and the Board have adequate time to consider and evaluate Suncor's offer and any other unsolicited take-over bid or other strategic alternatives. Suncor initially approached the company in March with a letter that contained no offer and provided no basis for further discussions. The board then received a non-binding expression of interest on April 9, and with the assistance of its financial and legal advisors, the board carefully reviewed that proposal; it was unanimously rejected for several reasons as not being in the best interests of the company and its Shareholders and the board advised Suncor of that decision. When the board rejected the proposal on April 16, the price implied by Suncor's proposal for the Shares was at a discount to Canadian Oil Sands' closing price of $12.96 per Share on that day. Suncor's recent offer is substantially less than the proposal rejected by the board in April.
October 6, 2015
16:01 EDTXOM, CVXOptions Update; October 6, 2015
Subscribe for More Information
08:02 EDTCVXVisa, Chevron announce mobile payment partnership
Visa (V) and Chevron (CVX) U.S.A. announced they will launch a mobile payments program at more than 20 Chevron-branded stations, accepting any NFC payment service. The program, launching later this fall at select Chevron stations in San Francisco and Silicon Valley, will offer consumers a simple and more secure way to pay at the pump with a range of mobile payment services. Already, an estimated 80% of Chevron customers in the U.S. pay for gas at the pump using a credit or debit card.
October 5, 2015
15:21 EDTSUCanadian Oils Sands to reject Suncor bid, unlikely to engage, Reuters says
Subscribe for More Information
13:24 EDTSUCanadian Oil Sands says will review unsolicited Suncor offer
Canadian Oil Sands responded to the announcement by Suncor Energy that it is making an unsolicited offer to acquire all of the outstanding shares of Canadian Oil Sands. The board of directors of Canadian Oil Sands together with its advisors will review the Suncor offer and related take-over bid circular and will communicate a recommendation to shareholders as soon as possible, the company stated. The company had previously engaged RBC Royal Bank, as financial advisor, Osler, Hoskin & Harcourt, as legal advisor, and Kingsdale Shareholder Services, as strategic shareholder services advisor and information agent, who will now assist the board in responding. Shareholders will be promptly notified of any recommendation of the board through a news release and circular in accordance with the applicable securities law, Canadian Oil Sands said.
06:32 EDTSUSuncor commences offer for oustanding shares of COS Limited
Subscribe for More Information
October 2, 2015
11:23 EDTTOTShell and Total to operate first foreign gas stations in Iran, AP reports
Subscribe for More Information
October 1, 2015
19:56 EDTXOMExxon Mobil filed $2.63M for Arkansas crude spill, Reuters says
Subscribe for More Information
12:57 EDTMROOptions with increasing put volume
Subscribe for More Information
12:16 EDTXOMOn The Fly: Top stock stories at midday
Stocks on Wall Street were lower at midday as investors remain cautious following last quarter's rout. The Dow, Nasdaq and S&P 500 each lost 7% or more in the third quarter and yesterday's end-of-quarter rally is turning out to be very short-lived as investors brace for tomorrow's nonfarm jobs report and the Federal Reserve rate setting meeting that comes late this month. ECONOMIC EVENTS: In the U.S., Markit's manufacturing purchasing managers' index inched up to 53.1 in the final September reading, compared to the preliminary September figure of 53.0 that was flat from August. ISM's manufacturing index fell to 50.2 in September, however, versus expectations for a reading of 50.6. Construction spending grew 0.7% in August, versus the consensus expectation for a rise of 0.5% for the month. Initial jobless claims rose to 277,000 in the week of September 26, versus expectations for 271,000 first-time claims. In Asia, Chinese markets were closed for holidays, but monthly manufacturing data was still released. The government's official manufacturing PMI ticked up to 49.8, beating expectations for a 49.6 reading. The final Caixin/Markit PMI, meanwhile, fell to a fresh six-and-a-half-year low of 47.2 in September, though that was slightly improved an earlier flash estimate of 47. In Japan, the Bank of Japan's quarterly tankan survey of large manufacturers for the September quarter came in at positive 12, compared with expectations for a positive 13 reading. In Europe, Markit's final Eurozone manufacturing PMI for September came in at 52.0, consistent with the flash figure and down from August's final 52.3 reading. COMPANY NEWS: Shares of General Motors (GM) rose fractionally near midday after the company reported its U.S. sales grew 12% in September compared to the same month of last year. Additionally, the auto giant hosted a global business update event, where it announced two new car- and ride-sharing projects and confirmed its plans to jointly develop a commercially viable fuel cell vehicle with Honda (HMC) in the 2020 timeframe. Fiat Chrysler (FCAU), which reported U.S. sales increased 14% last month, and Ford (F), which said its U.S. sales rose 23% in September, both saw their shares slip fractionally near noon. MAJOR MOVERS: Among the notable gainers was Sarepta Therapeutics (SRPT), which rallied 19% after the company released additional data from its Phase IIb program of eteplirsen in patients with Duchenne muscular dystrophy. Also higher was PBF Energy (PBF), which gained 10% after agreeing to purchase the 155,000 barrel-per-day Torrance refinery, and related logistics assets, from ExxonMobil (XOM). Among the noteworthy losers was Crocs (CROX), which dropped 14% after Piper Jaffray analyst Erinn Murphy downgraded the stock to Neutral, saying adverse currency moves and China weakness could cause sales to miss expectations in Q3. Also lower were shares of Dunkin' Brands (DNKN), which fell 10% after the company projected third quarter U.S. same-store sales that fell below the prior year period and said it would close 100 stores in the U.S. in 2015 and 2016. INDEXES: Near midday, the Dow was down 195.02, or 1.2%, to 16,089.68, the Nasdaq was down 55.92, or 1.21%, to 4,564.24, and the S&P 500 was down 17.57, or 0.92%, to 1,902.46.
08:08 EDTCVXKosmos Energy says ended Q3 with roughly $1.9B of liquidity
Kosmos Energy (KOS) announced two developments that together strengthen the company's liquidity and better position Kosmos for continued success in a lower commodity price environment. In addition, the company provided an update on its exploration drilling program. Kosmos announced that the borrowing base under its reserves-based lending facility remains unchanged at $1.5B following its lenders' semi-annual redetermination process which concluded on September 30, 2015. Kosmos ended the third quarter with approximately $1.9B of liquidity and net debt of $500M as of September 30, 2015, which is flat with the second quarter of 2015. Kosmos' second exploration well offshore Mauritania, Marsouin-1, was spud on August 28, 2015, with results anticipated in the middle of the fourth quarter. Marsouin-1 is located in Block C8 approximately 60 kilometers north of the basin-opening Tortue-1 well in a water depth of approximately 2,400 meters. The well is designed to test a four-way trap with multiple stacked targets, including Lower Cenomanian, Albian, and Aptian formations. As operator of the well, Kosmos currently holds a 60% working interest with its partners Chevron Mauritania Exploration Limited, a wholly owned subsidiary of Chevron Corporation (CVX), and Societe Mauritanienne Des Hydrocarbures et de Patrimoine Minier holding 30% and 10%, respectively.
05:21 EDTCOPStocks with implied volatility movement; GPS COP
Stocks with implied volatility movement; Gap (GPS) 34, ConocoPhillips (COP) 37 according to iVolatility.
September 30, 2015
16:19 EDTXOMExxon Mobil to sell Torrance refinery to PBF Energy
Subscribe for More Information
14:10 EDTCVXChevron amends bylaws to implement proxy access
Subscribe for More Information
12:34 EDTCOPConocoPhillips mentioned positively by Seeking Alpha contributor
Subscribe for More Information
09:56 EDTCOPConocoPhillips strength attributed to takeover speculation
09:02 EDTTRPTransCanada to apply to Nebraska PSC to approve Keystone XL
Subscribe for More Information
06:20 EDTTRPTransCanada to end legal fight with Nebraska landowners, Globe and Mail says
TransCanada is altering its strategy to get the Keystone XL pipeline built through Nebraska by ending a legal skirmish with landowners opposed to the project and instead going to the state's Public Service Commission for approval, the Globe and Mail reports. The company has been trying to achieve U.S. approvals for the $8B pipeline for the past seven years and has said that the new strategy is about avoiding an arduous legal process in Nebraska, the report says. Opponents of the project believe that TransCanada's shift in strategy is a sign that the company needs to reduce legal costs, the report says. Reference Link
1 | 2 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use