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Stock Market & Financial Investment News

News Breaks
June 10, 2014
08:15 EDTFTK, MILL, END, SYRG, CLB, SSN, ATLS, GDP, WFT, BAS, MPET, PQ, EXXIEnerCom to hold a conference
London Oil & Gas Conference to be held in London, England on June 10-11 with webcasted company presentations to begin on June 10 at 4 am; not all company presentations may be webcasted. Webcast Link
News For EXXI;GDP;SYRG;PQ;ATLS;END;MPET;SSN;MILL;BAS;CLB;FTK;WFT From The Last 14 Days
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February 27, 2015
06:08 EDTGDPGoodrich Petroleum reports Q4 adjusted EPS (47c), consensus (45c)
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February 24, 2015
12:22 EDTSYRGOn The Fly: Analyst Initiation Summary
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10:00 EDTBASOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AMC Networks (AMCX) downgraded to Neutral from Outperform at Macquarie... American Airlines (AAL) downgraded to Market Perform at Cowen... Armstrong World (AWI) downgraded to Hold from Buy at KeyBanc... Basic Energy (BAS) downgraded to Outperform from Strong Buy at Raymond James... CSC (CSC) downgraded at Stifel... Chevron (CVX) downgraded to Perform from Outperform at Oppenheimer... Choice Hotels (CHH) downgraded to Underweight from Equal Weight at Barclays... Eni SpA (E) downgraded to Underperform from Hold at Jefferies... Fifth Street Asset (FSAM) downgraded to Neutral from Outperform at Credit Suisse... HSBC (HSBC) downgraded to Neutral from Buy at UBS... Home Loan Servicing (HLSS) downgraded to Neutral from Overweight at Piper Jaffray... Huntington Ingalls (HII) downgraded to Underperform from Neutral at Credit Suisse... International Paper (IP) downgraded to Hold from Buy at Deutsche Bank... Kayne Anderson (KED) downgraded at Stifel... Landstar System (LSTR) downgraded to Hold from Buy at Deutsche Bank... Multi-Color (LABL) downgraded to Neutral from Long-Term Buy at Hilliard Lyons... Newmont Mining (NEM) downgraded to Neutral from Overweight at HSBC... ONEOK Partners (OKS) downgraded to Underweight from Neutral at JPMorgan... ONEOK (OKE) downgraded to Underweight from Neutral at JPMorgan... Olympic Steel (ZEUS) downgraded to Underperform from Neutral at Credit Suisse... Polypore (PPO) downgraded to Market Perform from Outperform at William Blair... Rosetta Resources (ROSE) downgraded to Equal Weight from Overweight at Stephens... Salix (SLXP) downgraded to Neutral from Buy at UBS... Sprint (S) downgraded to Sell from Neutral at BTIG... St. Jude Medical (STJ) downgraded to Underperform from Outperform at Credit Suisse... Timmins Gold (TGD) downgraded on lack of near-term production catalysts at RBC Capital... Transocean Partners (RIGP) downgraded to Underweight from Equal Weight at Barclays... Vodafone (VOD) downgraded to Underperform from Neutral at BofA/Merrill... Williams Partners (WPZ) downgraded to Neutral from Buy at Citigroup... Williams (WMB) downgraded to Neutral from Buy at Citigroup... Worthington (WOR) downgraded to Neutral from Outperform at Credit Suisse... Zillow Group (Z) downgraded at Macquarie.
07:50 EDTSYRGSynergy Resources initiated with an Overweight at Stephens
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06:29 EDTBASBasic Energy downgraded to Outperform from Strong Buy at Raymond James
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February 23, 2015
08:35 EDTATLSAtlas Energy subsidiary sees annualized cash distribution to be 70c-80c per unit
Atlas Energy Group, a wholly-owned subsidiary of Atlas Energy, announced that it currently expects annualized cash distributions to be 70c to 80c per common limited partner unit based on initial expectations of cash flow to its business. The current forecast includes, among other items, approximately $37.5M of cash distributions expected to be received from Atlas Resource Partners (ARP) from AEG's ownership of ARP's general partner and approximately 24.7M ARP limited partner units, and is based on ARP's current annualized distribution of $1.30 per unit.
February 20, 2015
11:46 EDTATLSTarga Resources shareholders approve share issuance in merger with Atlas Energy
Targa Resources (TRGP) announced that the stockholders of the company approved at a special meeting of stockholders held today the issuance of shares of common stock of the company in connection with the company's proposed merger with Atlas Energy, L.P. (ATLS). Approximately 76.15% of the shares of the company's common stock that were outstanding as of the record date of January 22 approved the share issuance, and approximately 91.50% of the shares of the company's common stock that were voted approved the share issuance. A special meeting of ATLS unitholders was also held to approve the merger agreement in connection with the ATLS Merger. Approximately 52.83% of the common units of ATLS that were outstanding as of the record date of January 22, 2015 approved the merger agreement in connection with the ATLS Merger, and approximately 99.28% of the common units of ATLS that were voted approved the ATLS Merger Agreement. A special meeting of unitholders of Atlas Pipeline Partners, L.P. (APL) was also held to approve the merger agreement in connection with Targa Resources Partners LP's (NGLS) proposed merger with APL. Approximately 54.84% of the common units of APL that were outstanding as of the record date of January 22 approved the merger agreement in connection with the APL Merger, and approximately 98.21% of the common units of APL that were voted approved the APL Merger Agreement. The approvals by the shareholders of the Company and the unitholders of ATLS and APL described above satisfy three of the conditions required to finalize the Atlas Mergers. The consummation of the Atlas Mergers is still subject to certain other conditions, including the previously announced spin-off by ATLS of its non-midstream assets. Each of the Transactions is contingent on one another, and the Transactions are expected to close concurrently on February 27.
11:38 EDTATLSAtlas Energy, Atlas Pipeline approve mergers with Targa, Targa Partners
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February 19, 2015
19:05 EDTBASBasic Energy sees investment of $100M on capital expenditures in FY15
In 2015, Basic currently plans on investing approximately $100M on capital expenditures, with approximately $28M expected to be financed through capital leases.
19:03 EDTBASBasic Energy sees Q1 revenue down 21%-26%
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19:02 EDTBASBasic Energy reports Q4 ex-items EPS 11c, consensus 19c
Reports Q4 revenue $400.9M, consensus $392.91M.
07:31 EDTEXXI, FTK, SYRGEnerCom to hold a conference
The Oil & Services Conference (TOSC) 2015 is being held in San Francisco on February 18-19 with webcasted company presentations to begin on February 19 at 11 am; not all company presentations may be webcasted. Webcast Link
04:46 EDTGDPStocks with implied volatility movement; GDP SD
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February 18, 2015
10:05 EDTWFT, BASOn The Fly: Analyst Initiation Summary
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07:38 EDTSYRGSynergy Resources provides operations update
Synergy is finalizing the completion schedule for its 29 wells previously drilled, commencing mid- to late-March with the 13 wells on the Kiehn/Weis Pad. These wells are on the western flank of the Wattenberg Field where gathering line pressures have been lower and midstream-processing capacity has been more conducive to efficient well production than in the northern section of the field. Synergy plans to begin the completion of the 8 Geis and 8 Weideman wells in May and bring the wells into production by mid-June and late-July, respectively. The Wiedeman pad includes 4 Extended Reach Lateral wells which will take longer to complete. The Company expects the Geis and Weideman wells will be brought into production after midstream processing capacity in the area is enhanced with the startup of the Lucerne II plant in May. Synergy is utilizing sliding sleeve completion designs on 19 of the aforementioned wells, and will use plug and perf completions for the remaining 10 wells. Of the 10 plug and perf designs, 4 will be utilized on the Extended Reach Lateral, or ERL, wells located on the Wiedeman pad. The 29 wells are comprised of 19 Niobrara wells, including a well targeting the Niobrara A bench, and 10 Codell wells. Drilling on the 11 well Cannon Pad is progressing as planned. The drilling plan comprises 6 Codell wells and 5 Niobrara wells. The completion plan contemplates utilizing sliding sleeves in all the wells. A batch drilling process is being utilized and surface casing has been set on all eleven wells. The rig is currently drilling the lateral section on the third well. Synergy plans to finish drilling the Cannon wells by late May and begin the completion phase in June. Synergy feels that if all 40 wells are on line before its fiscal year end at August 31, its production exit rate could exceed 13,000 BOED, as previously guided.
07:36 EDTSYRGSynergy Resources announces increased position in NE Wattenberg Extension Area
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07:11 EDTSSN, MILL, CLBEnerCom to hold a conference
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06:54 EDTWFTWeatherford initiated with an Outperform at BMO Capital
Target $16.
06:49 EDTBASBasic Energy initiated with a Market Perform at BMO Capital
Target $8.50.
05:05 EDTSSNSamson Oil & Gas reports Jan. production 17,785 BOE
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