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Stock Market & Financial Investment News

News Breaks
March 19, 2013
16:08 EDTAPA, EXXIEnergy XXI announces JV with Apache
The company has entered into an agreement with Apache Corp. (APA) to explore for oil and gas pay sands associated with salt dome structures on the central Gulf of Mexico shelf. The area of mutual interest includes several salt domes within a 135 block area. In addition, Energy XXI has acquired a 25% working interest in 21 non-producing primary-term leases with Apache. A new wide azimuth seismic program is underway to define the potential of the AMI, covering approximately 633,000 acres. "This joint venture exemplifies our interest in exploring salt structures where new seismic data, remapping and remodeling could uncover significant hidden hydrocarbons," Energy XXI Chairman and CEO John Schiller said. "Our Pendragon exploration well, being drilled in the Vermilion area, is a similar analog. We are very excited about the potential of this new joint venture with Apache, a world-class operator with extensive expertise in the Gulf of Mexico."
News For EXXI;APA From The Last 14 Days
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December 18, 2014
09:38 EDTEXXIEnergy XXI assets attracting interest from many companies, Upstream says
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December 16, 2014
12:22 EDTAPAAnadarko, BG Group 'widely seen' as targets amid oil slump, FT says
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09:47 EDTAPAApache deal positive, says Bernstein
After Apache (APA) announced that it would sell Kitimat and Wheatstone to Woddside (WOPEY) for $3.75B, Bernstein thinks the deal provides Apache with flexibility at the bottom of the oil price cycle. The firm keeps an Outperform rating on Apache.
December 15, 2014
08:03 EDTAPAApache to sell Wheatstone, Kitimat LNG project stakes to Woodside
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08:01 EDTAPAApache to sell Wheatstone, Kitimat LNG project stakes to Woodside for $2.75B
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December 9, 2014
15:09 EDTAPAApache to sell Wheatstone, Kitimat stakes to Woodside, Australian reports
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December 8, 2014
10:00 EDTAPAOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Antero Resources (AR) upgraded to Buy from Neutral at Citigroup... Apache (APA) upgraded to Buy from Neutral at Citigroup... Applied Materials (AMAT) upgraded to Buy from Hold at Deutsche Bank... Arch Capital (ACGL) upgraded to Outperform from Market Perform at BMO Capital... CU Bancorp (CUNB) upgraded to Buy from Hold at Sandler O'Neill... Calpine (CPN) upgraded to Outperform from Neutral at Macquarie... Commerzbank (CRZBY) upgraded to Market Perform from Underperform at Keefe Bruyette... EastGroup Properties (EGP) upgraded to Neutral from Underperform at Credit Suisse... Enbridge Energy Management (EEQ) upgraded to Equal Weight at Morgan Stanley... Enbridge Energy (EEP) upgraded to Equal Weight from Underweight at Morgan Stanley... GasLog (GLOG) upgraded to Buy from Hold at Stifel... Hoegh LNG (HMLP) upgraded to Buy from Neutral at UBS... Illinois Tool Works (ITW) upgraded to Buy from Accumulate at Global Hunter... LaSalle Hotel (LHO) upgraded at Morgan Stanley... Lufthansa (DLAKY) upgraded to Buy from Neutral at Nomura... NASDAQ (NDAQ) upgraded to Outperform from Market Perform at Keefe Bruyette... Newfield Exploration (NFX) upgraded to Buy from Neutral at Citigroup... Omega Healthcare (OHI) upgraded to Buy from Hold at Jefferies... Orange SA (ORAN) upgraded to Conviction Buy from Neutral at Goldman... SM Energy (SM) upgraded to Outperform from Market Perform at BMO Capital... Southwest (LUV) upgraded at Goldman... TSMC (TSM) upgraded to Buy from Neutral at BofA/Merrill... United Technologies (UTX) upgraded at Bernstein... eBay (EBAY) upgraded to Buy from Hold at Stifel.
09:33 EDTEXXIEnergy XXI downgraded to Market Perform from Outperform at BMO Capital
06:11 EDTAPAApache upgraded to Buy from Neutral at Citigroup
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