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Stock Market & Financial Investment News

News Breaks
December 24, 2012
09:07 EDTEOG, CVXEOG Resources to sell Kitmat LNG facility stake to Chevron
EOG Resources (EOG) announced the signing of a purchase and sale agreement for its interest in the Kitimat LNG facility to Chevron (CVX) Canada Limited. The transaction, subject to approval by Canadia regulatory authorities, is expected to close by the end of the first quarter 2013. The agreement includes EOG Canada's 30% interest in the planned natural gas liquefaction and export facility on British Columbia's west coast and associated Pacific Trail Pipelines project, as well as approximately 28,500 undeveloped net acres in the Horn River Basin.
News For EOG;CVX From The Last 14 Days
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February 24, 2015
07:31 EDTCVXChevron downgraded on oil pirce, valuation at Oppenheimer
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06:13 EDTCVXChevron downgraded to Perform from Outperform at Oppenheimer
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February 23, 2015
13:45 EDTCVXOpec may call emergency meeting if crude continues slide, FT says
According to Diezani Alison-Madueke, Nigeria's oil minister, Opec members have discussed holding an emergency meeting if crude prices continue to tumble, says the Financial Times. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT).
February 22, 2015
13:55 EDTCVXChevron relinquishes Romanian shale-gas interests, WSJ says
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11:59 EDTCVXUSW to expand ULP oil strike
The United Steelworkers, USW, announced that it will expand its unfair labor practice strike, ULP, by launching a work stoppage tonight at midnight at the Motiva Enterprises refinery in Port Arthur, Texas. This refinery, a 50-50 joint venture between Shell Oil Company and Saudi Refining, produces more than 600,000 barrels per day. In addition, 24 hour strike notices were delivered at Motiva’s two Louisiana refineries in Convent and Norco as well as at the Shell Chemical plant in Norco. Capacity at these facilities is 235,000 and 238,000. These refineries are also jointly operated by Royal Dutch Shell and Saudi Refining, Inc. of Saudi Arabia. “The industry’s refusal to meaningfully address safety issues through good faith bargaining gave us no other option but to expand our work stoppage,” said USW International President Leo W. Gerard. 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
February 20, 2015
14:32 EDTEOGEOG Resources price target raised to $113 from $100 at Wunderlich
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09:08 EDTEOGEOG Resources downgraded to Underweight from Equalweight at Capital One
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08:08 EDTEOGEOG Resources downgraded to Neutral from Outperform at Macquarie
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07:21 EDTEOGEOG 2015 oil production guidance likely conservative, says RBC Capital
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06:14 EDTEOGEOG Resources downgraded to Neutral from Buy at UBS
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February 19, 2015
09:59 EDTEOGOn The Fly: Analyst Downgrade Summary
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09:12 EDTEOGOn The Fly: Pre-market Movers
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06:58 EDTCVXU.S. oil prices tumble after inventory data released, Reuters says
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06:13 EDTEOGEOG Resources downgraded to Neutral from Buy at Citigroup
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February 18, 2015
18:55 EDTEOGOn The Fly: After Hours Movers
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17:15 EDTEOGEOG Resources expects to complete about 45% fewer wells in FY15
EOG's primary goal for 2015 is to position the company to resume long-term growth once crude oil prices recover. The company is not interested in accelerating crude oil production in a low-price environment. Capital expenditures for 2015 are expected to range from $4.9B-$5.1B, including production facilities and midstream expenditures, and excluding acquisitions. This 40 percent reduction compared to 2014 reflects EOG's commitment to capital discipline in a low crude oil price environment. Capital will be allocated primarily to EOG's highest rate-of-return oil assets, the Eagle Ford, Delaware Basin and Bakken plays. To further enhance capital efficiency, EOG plans to utilize rigs under existing commitments and delay a significant number of completions. Delaying completions increases returns, adds substantial net present value and prepares the company to resume strong oil growth when commodity prices recover. Due to reduced capital spending and delayed completions, EOG expects to complete approximately 45% fewer wells in 2015 versus 2014. Therefore, the midpoint for 2015 total company crude oil production guidance is essentially flat year over year. Once again, EOG plans to minimize investment in domestic dry natural gas drilling. As a result, its U.S. natural gas production and total company production are expected to decline modestly. Year after year, EOG has relentlessly focused on advancing its industry-leading completion technology and driving down unit costs through efficiency gains. That will not change in 2015. Finally, the company expects to use its strong balance sheet to capitalize on unique opportunities created by this low-price environment to add high-quality acreage.
17:14 EDTEOGEOG Resources reports Q4 EPS 79c, consensus $1.02
Reports Q4 revenue $4.65B, consensus $4.14B.
15:35 EDTEOGNotable companies reporting after market close
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09:28 EDTEOGEOG Resources volatility increases into Q4 results and outlook
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February 17, 2015
06:58 EDTCVXBrent oil reaches $62 per barrel, Reuters reports
Driven higher by Middle East turbulence, the price of brent crude oil reached $62 per barrel today, close to its 2015 high, according to Reuters. 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
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