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Stock Market & Financial Investment News

News Breaks
February 12, 2014
10:57 EDTECA, ETRM, AFL, ZTS, EWC, TRMBHigh 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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December 17, 2014
16:16 EDTZTSZoetis raises quarterly dividend by 15% to 8.3c
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10:36 EDTZTSOptions with decreasing implied volatility
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December 16, 2014
12:26 EDTECAOn The Fly: Midday Wrap
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10:57 EDTECACanadian energy stocks rise after Talisman acquired by Repsol
Shares of Canadian energy companies are higher this morning after Repsol (REPYY) announced plans to buy Talisman Energy (TLM) for $8 per share in cash. WHAT'S NEW: Canada-based Talisman announced that it has agreed to be acquired by Spain's Repsol in a transaction valued at approximately $13B, including debt. Under the terms of the agreement, Repsol will buy all outstanding common shares of Talisman for $8 per share in cash. Also under the deal, Talisman will pay aggregate cash dividends of 18c per common share prior to closing. The Talisman board is recommending shareholders accept the deal at a special meeting to be held in mid-February 2015. The transaction is expected to close in the second quarter of 2015, Talisman said. Talisman Chairman Chuck Williamson noted that the deal will create "significant and immediate value" for the company's investors. WHAT'S NOTABLE: Repsol first explored a bid for Talisman in July, but talks slowed in late August. Earlier this month, Bloomberg reported the companies revived talks and The Wall Street Journal said "talks moved quickly" from there. Canada Pension Plan Investment Board, which initially considered buying parts of Talisman, was also weighing a bid for the whole company, according to Bloomberg, citing people with knowledge of the matter. ANALYST REACTION: Talisman Energy was downgraded this morning to Market Perform from Outperform at Bernstein. PRICE ACTION: Talisman Energy is up $2.43, or 47.5%, to $7.55 in morning trading and Repsol shares trading in New York are down 1.5% to $19.15. OTHERS TO WATCH: Other Canadian energy companies traded in New York include Encana (ECA), Suncor (SU), Canadian Natural Resource (CNQ) and Imperial Oil (IMO). Of note, Encana this morning announced a 2015 capital program of $2.7B-$2.9B, with about 80% directed to the Montney, Duvernay, Eagle Ford and Permian, its highest margin growth plays. The company expects total cash flow between $2.5B-$2.7B, reflecting the impact of higher margin production and continued cost efficiencies, partially offset by anticipated lower commodity prices. In morning trading, Encana shares rose 9.2% to $12.69, Suncor gained 5.3% to $28.33, Canadian Natural Resource added 4.8% to $28.62 and Imperial Oil advanced 2.5% to $40.88.
06:04 EDTECAEncana announces $2.7B$2.9B 2015 capital program
Encana announced a highly focused 2015 capital program of $2.7B-.$2.9B, with approximately 80% directed to four of its highest margin growth plays; the Montney, Duvernay, Eagle Ford and Permian. Encana expects to generate approximately 75% of its 2015 cash flow from oil and liquids production. The company estimates total liquids production will grow approximately 70% compared to 2014 to between 140,000 and 160,000 barrels per day, or bbls/d, and anticipates overall production of between 405,000 and 440,000 barrels of oil equivalent per day (boe/d). Encana expects total cash flow between $2.5B-$2.7B, reflecting the impact of higher margin production and continued cost efficiencies, partially offset by anticipated lower commodity prices. Encana is committed to protecting its balance sheet through a prudent capital investment program. The company's 2015 capital program is based on assumptions of $70 WTI oil prices and NYMEX natural gas prices of $4 per MMBtu. In addition, the company expects to generate net proceeds of around $800M in the Q1 of FY15 through the completion of the previously announced divestiture of the majority of its Clearwater assets and other anticipated transactions.
December 12, 2014
13:27 EDTECAEncana to hold a conference call
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December 11, 2014
10:13 EDTZTSOn The Fly: Analyst Initiation Summary
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07:12 EDTZTSZoetis initiated with a Market Perform at Cowen
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December 10, 2014
14:13 EDTTRMBTrimble confirms unmanned aircraft exemption granted by FAA
Trimble announced that the Federal Aviation Administration has granted an exemption that will allow the company to conduct commercial operation of its Trimble UX5 Aerial Imaging Solution in the U.S. The Trimble UX5 is an unmanned fixed-wing aircraft targeted at the surveying, agriculture, oil & gas, mining, construction, environmental industries.
10:43 EDTTRMBTrimble among those approved for drones by FAA
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09:03 EDTAFLAflac becomes official insurance partner of the Grammy's
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December 9, 2014
11:19 EDTZTSSanofi reportedly ready to make acquisitions in animal medicine, Bloomberg says
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09:31 EDTZTSZoetis drops after report of Valeant abandoning growth by acquisitions strategy
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