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Stock Market & Financial Investment News

News Breaks
March 20, 2013
08:37 EDTAPA, EXXIEnergy XXI expectations lowered near-term at Cowen
Cowen maintains its Buy rating on Energy XXl (EXXI) following the announcement of a joint venture with Apache (APA) which will add additional potential and inventory to its portfolio. The firm lowered its expectations in the near-term due to production issues. Price target is $35.
News For EXXI;APA From The Last 14 Days
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March 23, 2015
10:00 EDTAPAOn The Fly: Analyst Downgrade Summary
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09:52 EDTEXXIEnergy XXI sees Q3 production 58,000-62,000 BOE/d
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09:52 EDTEXXIEnergy XXI lowers 2015 capex view to $640M-$660M
Energy XXI projected FY15 capex of $640M-$660M in slides for its presentation at the Howard Weil energy conference. On February 9, the company had estimated total FY15 capital program to range from $670M-$690M. Energy XXI still sees FY15 production 57,000-61,000 BOE/d. The company said it is pursuing asset monetization for midstream and non-core E&P and that for the combined GoM divestiture with M21K that bids have been received and negotiations are underway with potential buyers. Says annualized savings approaching $170M.
08:15 EDTAPAApache downgraded to Neutral from Buy at Citigroup
Citigroup downgraded Apache to Neutral after resuming coverage of the stock and cut its price target for shares to $60 from $74.
March 20, 2015
05:49 EDTEXXIStocks with implied volatility movement; EXXI FXCM
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