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Stock Market & Financial Investment News

News Breaks
March 20, 2013
08:37 EDTEXXI, APAEnergy 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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May 15, 2013
17:18 EDTAPABP Capital gives quarterly update on stakes
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May 9, 2013
08:15 EDTAPAApache says on track for 2013 production growth guidance of 3%-5%
Apache said it had previously incorporated production deferrals and declines into its production guidance, and remains on track to achieve its full-year guidance of 3%-5% production growth. The production guidance has not been adjusted for any variances associated with future divestitures, it added.
08:13 EDTAPAApache says pursuing other monetizations including joint ventures
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08:11 EDTAPAApache says divestures to help fund 30M share buyback plan
08:10 EDTAPAApache announces plan to divest 4B in assets by end of 2013
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08:09 EDTAPAApache reports Q4 adjusted EPS $2.02, consensus $2.21
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May 8, 2013
09:06 EDTAPAApache announces high production at Tonkawa and Granite wash drilling
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May 7, 2013
10:00 EDTAPAOn The Fly: Analyst Initiation Summary
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09:34 EDTAPAApache announces three new oil and gas discoveries in Egypt
Apache Corporation announced drilling success with three new discovery wells in Egypt's Western Desert. The company said, "Apache's discoveries, made in three separate basins, highlight the company's diverse potential for new oil and gas developments across its concessions. This exploration success extends the company's production base to the northeast at the North Ras Qattara Concession and to the southwest in the Siwa Concession." The NRQ 3151-1X, an Alamein Basin discovery located in the North Ras Qattara Concession, test-flowed at a combined rate of 1,625 barrels of oil and 18.7 million cubic feet of natural gas per day from two intervals in the Jurassic Lower Safa Formation. SIWA L-1X, located in the Siwa Concession within the Faghur Basin, tested at a rate of 2,041 barrels of oil per day from the lower-most portion of a thick Paleozoic Desouky pay sand. NTRK-G-1X, an exploratory well located in the North Tarek Concession within the Matruh Basin, encountered 60 net feet of Upper Safa hydrocarbon pay and tested at 14.8 MMcf of natural gas and 1,522 barrels of condensate per day.
08:11 EDTAPAApache initiated with a Strong Buy at ISI Group
08:03 EDTEXXIEnergy XXI pointing in the right direction, says Cowen
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May 6, 2013
09:07 EDTEXXIEnergy XXI raises quarterly dividend 71% to 12c per share
Energy XXI announced its board declared a quarterly dividend of 12c per share of common stock, representing a 71% increase from the previous rate. The dividend is to be paid on June 14 to shareholders of record on May 31.
09:05 EDTEXXIEnergy XXI authorized $250M share repurchase plan
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07:11 EDTEXXI, APAEnergy XXI, Apache JV apparent high bidders on seven GOM blocks
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07:07 EDTEXXIEnergy XXI reports Q3 EPS 46c, consensus 46c
Reports Q3 revenue $303.8M, consensus $317.69M. Reports Q3 production averaged 43,500 barrels of oil equivalent per day net; current production has averaged 50,000 BOE/d net, including approximately 30,000 Bopd, since May 1.

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