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January 8, 2014
04:55 EDTESV, ESV, FST, FST, WNR, WNR, MPC, MPC, DK, DK, AREX, AREX, PXD, PXD, LPI, LPI, CXO, CXO, FTI, FTI, OXY, OXY, RRC, RRCGoldman to hold a conference
Global Energy Conference is being held in Miami on January 8-9.
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January 29, 2015
07:10 EDTOXYOccidental reports Q4 total average daily oil and gas production 616K BOE
For the fourth quarter of 2014, total company average daily oil and gas production volumes, excluding Hugoton which was sold in the first quarter, increased by 41,000 BOE to 616,000 BOE from 575,000 BOE in the fourth quarter of 2013. Domestic average daily production increased by 26,000 BOE to 321,000 BOE in the current quarter with the majority of the increase coming from oil production, which grew by 19,000 barrels to 189,000 barrels per day. Nearly 80 percent of the increase was from Permian Resources operations. International average daily production increased to 295,000 BOE in the fourth quarter of 2014 from 280,000 BOE in fourth quarter of 2013. Over half of the increase resulted from the impact of production-sharing contracts and the remainder from operational improvements. Total company average daily sales volumes grew from 597,000 BOE in the fourth quarter of 2013 to 635,000 BOE in the same period of 2014. Sales volumes were higher than production volumes mainly due to the timing of liftings in the Middle East.
07:09 EDTOXYOccidental Petroleum sees FY15 oil and gas spending $4.5B
07:09 EDTOXYOccidental Petroleum sees cutting FY15 CapEx by 33% to $5.8B
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07:09 EDTOXYOccidental Petroleum reports Q4 core EPS 72c, consensus 68c
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07:06 EDTLPILaredo Petroleum reports record 2014 production of 11.7 MMBOE
Laredo Petroleum announced proved reserves and preliminary operating results for year-end 2014 and preliminary results for its commodity derivatives for 4Q14. Laredo produced 11.7 MMBOE in 2014, all from the Permian Basin, up approximately 29% from the company's 2013 Permian Basin production of 9.1 MMBOE; 4Q14 production averaged 39.7K BOE/D. Reported increased proved reserves to a record 247.3 MMBOE and proved developed reserves to a record 105.6 MMBOE, up approximately 21% and 47%, respectively, from year-end 2013. The company increased the oil component of proved reserves to approximately 57% from 55% at year-end 2013. The company increased the pre-tax present value of the company's reserves to approximately $4.2B, up approximately 39% from the prior year , and replaced approximately 470% of production with the drill-bit.
January 28, 2015
15:38 EDTOXYNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Celgene (CELG), consensus 99c... ConocoPhillips (COP), consensus 59c... Abbott Laboratories (ABT), consensus 67c... Occidental Petroleum (OXY), consensus 68c... Colgate-Palmolive (CL), consensus 74c... Ford (F), consensus 23c... Dow Chemical (DOW), consensus 69c... Alibaba (BABA), consensus 75c... Thermo Fisher (TMO), consensus $1.94; Time Warner Cable (TWC), consensus $2.09... Phillips 66 (PSX), consensus $1.34... Alexion Pharmaceuticals (ALXN), consensus $1.29... Baxter International (BAX), consensus $1.31... Cardinal Health (CAH), consensus $1.10... Raytheon (RTN), consensus $1.08... Northrop Grumman (NOC), consensus $2.25... Viacom (VIAB), consensus $1.28... Valero Energy (VLO), consensus $1.32... Sherwin-Williams (SHW), consensus $1.38... Hershey (HSY), consensus $1.06... Mead Johnson (MJN), consensus 88c... Zimmer (ZMH), consensus $1.71... Xcel Energy (XEL), consensus 34c... Royal Caribbean (RCL), consensus 42c... Coach (COH), consensus 66c... Kate Spade (KATE), consensus 24c... Harley-Davidson (HOG), consensus 34c... Stanley Black & Decker (SWK), consensus $1.52... L-3 Communications (LLL), consensus $2.27... JetBlue (JBLU), consensus 24c.
January 26, 2015
16:26 EDTRRCMarathon 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 23, 2015
08:37 EDTFTI, ESVBofA/Merrill U.S. oil & gas analysts to hold an analyst/industry conference call
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January 22, 2015
16:36 EDTWNRD. E. Shaw & Co reports 5.0% passive stake in Western Refining
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January 21, 2015
12:11 EDTESVStocks with call strike movement; DNR ESV
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07:14 EDTMPCCitgo scraps auction process, to raise debt instead, WSJ reports
The auction for Venezuela’s Citgo Petroleum, which drew interest from Marathon Petroleum (MPC), HollyFrontier (HFC), Valero Energy (VLO) and private equity firms, has been called off, said The Wall Street Journal, citing people familiar with the matter. Citgo will still seek to raise $2.5B in debt at this point and could restart its sales process later, the report added. Reference Link
January 20, 2015
09:33 EDTLPILaredo Petroleum says to cut workforce by approximately 75 employees
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09:18 EDTLPI, LPILaredo Petroleum upgraded to Outperform from Underperform at CLSA
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08:43 EDTRRCRange Resources downgraded to Neutral from Buy at SunTrust
SunTrust downgraded Range Resources to Neutral to reflect a lower commodity price deck forecast and impact from lower spending. Price target lowered to $55 from $85.
08:35 EDTAREXApproach Resources downgraded to Reduce from Neutral at SunTrust
SunTrust downgraded Approach Resources to Reduce to reflect a lower commodity price deck, poor productivity, and reduced capital spending that will decrease production and cash flow. Price target lowered to $3 from $7.
07:31 EDTAREXApproach Resources downgraded to Accumulate from Buy at KLR Group
Price target $7.
07:30 EDTRRCRange Resources upgraded to Buy from Accumulate at KLR Group
Price target $73.
January 16, 2015
13:29 EDTRRCRange Resources sees 2014 total production growth approximately 24%
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13:27 EDTRRCRange Resources lowers FY15 CapEx to $870M from $1.3B
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07:40 EDTDK, MPC, WNRWolfe Research to hold a conference
1st Annual Oil & Gas 1:1 Refining Conference is being held in Boston on January 16.
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