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Stock Market & Financial Investment News

News Breaks
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.
News For ESV;OXY;FTI;CXO;LPI;PXD;AREX;DK;MPC;WNR;FST;RRC From The Last 14 Days
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April 20, 2015
10:07 EDTLPILaredo Petroleum downgraded to Market Perform from Outperform at Raymond James
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10:00 EDTCXOOn The Fly: Analyst Downgrade Summary
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08:05 EDTCXOConcho Resources downgraded to Accumulate from Buy at KLR Group
KLR Group downgraded Concho Resources to Accumulate with a $143 price target citing valuation.
07:22 EDTLPIIndependent Petroleum Association of America to hold a conference
IPAA-OGIS New York is being held in New York on April 20-22.
06:19 EDTWNR, MPCCiti still bullish on U.S. Refiners, Marathon Petroleum a top pick
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April 17, 2015
10:00 EDTPXDOn The Fly: Analyst Downgrade Summary
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07:58 EDTPXD, PXDPioneer Natural downgraded to Underperform from Outperform at CLSA
April 16, 2015
09:33 EDTESVEnsco downgraded to Reduce from Neutral at Global Hunter
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April 15, 2015
10:36 EDTRRCBofA/Merrill U.S. credit analysts hold an analyst/industry conference call
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10:00 EDTLPIOn The Fly: Analyst Initiation Summary
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09:35 EDTCXOConcho Resources downgraded to Neutral from Outperform at Macquarie
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08:27 EDTDKDelek, Alon USA deal should create additional value, says Cowen
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06:24 EDTLPILaredo Petroleum initiated with a Neutral at Credit Suisse
Target $15.
April 14, 2015
17:16 EDTDKDelek US to acquire 48% ownership interest in Alon USA Energy
Delek US Holdings (DK) announced that it has entered into a definitive stock purchase agreement with Alon Israel Oil Company to acquire approximately 33.7M shares, or approximately 48% of the outstanding shares, of Alon USA Energy (ALJ) common stock owned by Alon Israel. Prior to commencing negotiations with Alon Israel, Delek US entered into a stockholder agreement with Alon USA. During the first year following the closing of this transaction, the agreement allows Delek US to acquire up to 49.99 percent of the outstanding shares of Alon USA at its discretion, with additional ownership above this threshold subject to approval of Alon USA’s board of directors. The stockholder agreement will expire on the first anniversary of the closing of this transaction, and Delek US will then have no further restrictions on ownership in Alon USA. The consideration to be paid by Delek US to acquire the Alon USA common stock will consist of the issuance of 6M shares of restricted Delek US common stock to Alon Israel, an unsecured $145M promissory note payable to Alon Israel maturing in January 2021 and $200M of cash that will be funded with a combination of cash on hand and borrowings on new or existing credit facilities. An additional 200,000 shares of Delek US common stock may be issued to Alon Israel under certain circumstances as outlined in the agreement. The approximate value of the transaction consideration is $572.4M based upon a closing price of $37.90 per share of Delek US common stock on April 14. The transaction is expected to close in the second half of May subject to customary governmental and other third party approvals.
April 13, 2015
10:00 EDTFTI, DKOn The Fly: Analyst Downgrade Summary
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08:31 EDTFTIFMC Technologies downgraded to Market Perform from Outperform at Raymond James
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07:07 EDTLPILaredo Petroleum sees FY15 production 15.6MMBOE-16.0MMBOE
Company sees FY15 production 15.6MMBOE-16.0MMBOE, crude production 50%, natural gas liquids production and natural gas production 25%. Sees FY15 price Realizations (pre-hedge): crude oil as % of WTI ~85%, natural gas liquids ~25% and natural Gas as % of Henry Hub ~70%. Sees FY15 operating Costs & Expenses: lease operating expenses in $/BOE 6.75 - $7.75; midstream expenses in $/BOE 40c-50c, production and ad valorem taxes, as % of oil and gas revenue, 7.75%; general and administrative expenses, in $/BOE, $6.00 - $7.00; and depletion, depreciation and amortization in $/BOE $18.75 - $19.75.
07:00 EDTLPILaredo Petroleum to discuss business strategies during investor meeting
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06:48 EDTDKDelek US downgraded to Neutral from Buy at Goldman
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April 12, 2015
18:32 EDTESVObama administration expected to toughen offshore drilling regulations, WSJ says
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