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Stock Market & Financial Investment News

News Breaks
August 19, 2014
09:55 EDTESCR, ESCR, SWN, SWN, SSN, SSN, PDCE, PDCE, MILL, MILL, MCF, MCF, MPO, MPO, ACFN, ACFN, UNT, UNTEnerCom to hold a conference
The Oil & Gas Conference to be held in Denver on August 18-21 with webcasted company presentations to begin on August 20 at 10 am; not all company presentations may be webcasted. Webcast Link
News For ESCR;SWN;SSN;PDCE;MILL;MCF;MPO;ACFN;UNT From The Last 14 Days
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April 17, 2015
07:16 EDTPDCEPDC Energy price target raised to $74 from $62 at Stifel
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April 14, 2015
05:07 EDTSSNSamson Oil & Gas reports March production 31,408 BOE
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April 13, 2015
17:35 EDTACFNAcorn Energy subsidiary defaults on $1.48M loan
In a regulatory filing, Acorn Energy reports that its GridSense subsidiary received notice from Square 1 Bank that it has defaulted on its loans. GridSense owes approximately $1.48M and $158,000 under the loan agreement and financing agreement, respectively. Acorn, GridSense and Square 1 have reached a preliminary understanding under which Acorn will pay $500,000, $500,000 will be placed in a restricted cash collateral account, $480,000 balance due will be converted to a term loan payable in 12 monthly installments commencing September, and advances would remain outstanding.
April 10, 2015
07:10 EDTPDCEPDC Energy price target raised to $80 from $70 at Credit Suisse
Credit Suisse raised Outperform rated PDC Energy's price target to $80 following yesterday's analyst day that highlighted Wattenberg growth potential, project portfolio, and strong balance sheet. Shares are Outperform rated.
April 9, 2015
10:10 EDTPDCEPDC Energy guides 2015 adjusted EPS $1.44-$1.60
PDC Energy guided 2015 adjusted EPS to $1.40-$1.60 in analyst day presentation slides, which includes the company's March equity offering. The consensus estimate is $1.91. The company's' previous EPS outlook was $1.47-$1.62. PDC reaffirms its 2015 production outlook of 13.5-14.5 MMBoe. The company sees 2015 adjusted revenue $551M-$590M versus the consensus of $611.8M.
10:02 EDTSSNStatoil makes oil discovery in Gulf of Mexico
Statoil (STO) announced that it has made an oil discovery in its Miocene Yeti prospect located in the Gulf of Mexico. The Yeti discovery expands the proven sub-salt Miocene play further South and West of Big Foot," said Jez Averty, Statoil's senior vice president, exploration for North America. "We are analyzing data to determine the size of the discovery in order to consider future appraisal options." The Yeti discovery was made in Walker Ridge block 160, which is located approximately 15 km (9 miles) south of the Big Foot field, and 11 km from the Cascade field. All of the blocks making up Yeti were accessed by the current owners in recent years. Yeti was drilled with the Maersk Developer drilling rig, a sixth generation semi-submersible. Statoil reports that its drilling efficiency with Yeti was among the best of any well drilled in Walker Ridge, achieving a drilling performance level of approximately 120 meters per day. The rig has moved on and is currently drilling Statoil's Thorvald prospect in the Mississippi Canyon block 814. Statoil is the operator of Yeti, and its partners are Anadarko (APC) and Samson (SSN).
10:00 EDTSWNOn The Fly: Analyst Upgrade Summary
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06:37 EDTSWNSouthwestern Energy upgraded to Buy from Hold at Johnson Rice
April 8, 2015
10:01 EDTMPO, MILLOn The Fly: Analyst Initiation Summary
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09:00 EDTMPOMidstates Petroleum initiated with a Buy at Noble Financial
Target $2.65.
09:00 EDTMILLMiller Energy initiated with a Hold at Noble Financial
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April 6, 2015
08:02 EDTMILLMiller Energy appoints Phillip Elliott as CFO
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