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Stock Market & Financial Investment News

News Breaks
February 12, 2014
10:57 EDTEWC, TRMB, ECA, ETRM, AFL, ZTSHigh option volume stocks: ETRM TRMB ZTS ECA EWC AFL
News For ETRM;TRMB;ZTS;ECA;EWC;AFL From The Last 14 Days
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August 27, 2015
10:00 EDTAFLOn The Fly: Analyst Upgrade Summary
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06:19 EDTAFLAflac upgraded to Outperform from Market Perform at Keefe Bruyette
Keefe Bruyette upgraded Aflac to Outperform given the sell off in shares. The firm views Aflac as one of the more defensive life insurers given no direct equity sensitivity, below average interest rate risk, and an improved investment portfolio. Keefe Bruyette has a $68 price target on shares.
August 25, 2015
07:15 EDTETRMEnteroMedics announces retirement of CEO Mark Knudson
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06:03 EDTECAEncana agrees to sell Haynesville assets for $850M
Encana announced that its wholly-owned subsidiary, Encana Oil & Gas, has reached an agreement to sell its Haynesville natural gas assets, located in northern Louisiana, to GEP Haynesville, a joint venture formed by GeoSouthern Haynesville, LP and funds managed by GSO Capital Partners LP. Total cash consideration to Encana under the transaction is $850M. In addition, through the transfer of current and future obligations, Encana will reduce its gathering and midstream commitments, which will be substantially complete through 2020, by approximately $480M on an undiscounted basis. Further, Encana will transport and market GeoSouthern's Haynesville production on a fee for service basis for the next five years. Encana will use the total cash consideration to reduce its net debt, further strengthening its balance sheet. Consistent with its strategy, Encana remains focused on growing high margin production. Over 80% of 2015 capital will be invested in the company's four most strategic assets in the Permian, Eagle Ford, Duvernay and Montney. During the first half of 2015, Encana's Haynesville assets produced an average 217 mmcf/d, contributed approximately 9% to companywide production and less than 2.5% to Encana's first half operating cash flow, excluding hedges. The sale of Encana's Haynesville assets is subject to satisfaction of normal closing conditions, as well as regulatory approvals and post-closing adjustments, and is expected to close in Q4 with an effective date of January 1.
August 19, 2015
10:00 EDTAFLOn The Fly: Analyst Downgrade Summary
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06:16 EDTAFLAflac downgraded to Underperform from Neutral at BofA/Merrill

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