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Stock Market & Financial Investment News

News Breaks
April 4, 2014
07:49 EDTEOGEOG Resources price target raised to $120 from $100 at Stifel
Stifel increased its price target on EOG as the firm thinks the company's high margins, volume growth, and free cash flow will push the stock higher. The firm also believes that investors are overly discounting the risk of eventual inventory quality degradation in the Eagle Ford. Stifel keeps a Buy rating on the stock.
News For EOG From The Last 14 Days
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December 21, 2014
11:32 EDTEOGChevron, Occidental Petroleum, three others look cheap, Barron's says
Chevron (CVX), Occidental Petroleum (OXY), Shell (RDS.A, RDS.B), EOG Resources (EOG), and Schlumberger (SLB) look cheap due to the drop in oil prices and this could be an opportunity to buy, Barron's contends in its cover article. Reference Link
December 16, 2014
09:16 EDTEOGOn The Fly: Pre-market Movers
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07:30 EDTEOGEOG Resources downgraded to Equal Weight from Overweight at Morgan Stanley
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December 9, 2014
07:01 EDTEOGEOG Resources coverage resumed with a Hold at Stifel
December 8, 2014
18:37 EDTEOGEOG Resources divests majority of Canadian assets
EOG Resources announced the divestiture of all its assets in Manitoba and certain assets in Alberta in two separate transactions that closed on November 28 and December 1. Approximate proceeds from the divestitures were US$410M, net of customary transaction adjustments. As a result of these transactions, approximately US$150M of restricted cash related to future abandonment liabilities was released. The proceeds and cash will be utilized for general corporate purposes. Current forecast production from the divested assets is approximately 7,050 barrels of crude oil per day, 580 barrels of natural gas liquids per day and 43.5M cubic feet of natural gas per day. Net proved reserves divested are estimated to be 7.7M barrels of oil, 0.8M barrels of NGLs and 78.7B cubic feet of natural gas. EOG divested 1.3M gross acres, 97% of which were in Alberta. Of the approximate 5,800 producing wells sold, 5,255 were natural gas. EOG has retained approximately 382,200 gross acres in Alberta, British Columbia and Saskatchewan. EOG will maintain an operations office in Alberta

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