New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 6, 2012
07:39 EDTGLNG, GLOG, FTI, APA, CHK, APC, CAMDOE releases early look at 2013 Annual Energy Outlook
The Energy Information Administration late yesterday issued its Annual Energy Outlook 2013 Reference case, which forecasts growth in total U.S. energy production that exceeds growth in total U.S. energy consumption through 2040. In the report, the Department of Energy projected that the United States becomes a net exporter of LNG starting in 2016, as it did in the 2012 Reference case, and an overall net exporter of natural gas in 2020, two years earlier than in 2012 report. U.S. exports of LNG from new liquefaction capacity are assumed to start at a level of 0.6B cubic feet per day in 2016 and increase to 4.5B cubic feet per day in 2027, as peak export volumes are shipped out of facilities in the Gulf Coast and Alaska, the EIA said. Also, the EIA stated, "the AEO2013 Reference case focuses on the drivers that shape U.S. energy markets under the assumption that current laws and regulations remain generally unchanged throughout the projection period. The complete AEO2013, to be released in early 2013, will include many alternative cases in recognition of the uncertainty inherent in making projections about energy markets," and among the alternate cases the EIA explored is updated modeling of LNG export potential. In a note to investors this morning, Jefferies said the outlook report and the alternate cases suggest the department is leaning toward approving additional LNG export projects. If so, Jefferies says the approvals would have positive implications for LNG shipping companies including Golar LNG (GLNG) and GasLog (GLOG).
News For GLNG;GLOG;FTI;APA;CHK;APC;CAM From The Last 14 Days
Check below for free stories on GLNG;GLOG;FTI;APA;CHK;APC;CAM the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
August 24, 2014
19:13 EDTAPAApache still trades at a discount to peers, Barron's says
Subscribe for More Information
August 22, 2014
08:02 EDTGLNGGolar LNG price target raised to $78-$90 from $55-$60 at Wells Fargo
Subscribe for More Information
August 21, 2014
08:04 EDTGLOGGasLog has reached solid entry point, says Wells Fargo
After GasLog reported in-line Q2 EPS, Wells Fargo thinks the company's growth outlook remains strong, while its valuation is still attractive. The firm keeps an Outperform rating on the shares.
August 20, 2014
06:53 EDTGLOGGasLog sees medium to long-term outlook for LNG shipping "very positive"
Gaslog expects additional LNG production from Algeria and BG Groupís first 4.5mtpa production train at Curtis LNG in Queensland, Australia in 2H14. This will be followed by additional production from other new projects in Australia, South East Asia and North America in 2015 and beyond. The company stated that the medium to long-term outlook for LNG shipping is very positive and anticipates significant opportunities to capture upside in the market in the coming years, particularly as the expected ramp up of new liquefaction capacity around the world is projected to outstrip the number of ships currently on order.
06:51 EDTGLOGGasLog reports Q2 adjusted EPS 13c, consensus 12c
Subscribe for More Information
August 19, 2014
15:16 EDTGLOGNotable companies reporting before tomorrow's open
Subscribe for More Information
08:10 EDTFTIFMC Technologies awarded order by Petrobras
Subscribe for More Information
August 18, 2014
17:23 EDTAPAApache looks cheap, Barron's says
Subscribe for More Information
12:19 EDTCAMIngersoll-Rand rises after agreeing to buy Cameron unit for $850M
Shares of Ingersoll-Rand (IR), which makes heating and air conditioning systems, are up after it announced an agreement to acquire the assets of Cameron International Corporation's (CAM) Centrifugal Compression division for $850M. WHAT'S NEW: Ingersoll-Rand this morning entered into an agreement to acquire Cameron's Centrifugal Compression division for $850M. The acquisition is expected to close before the end of the year, subject to regulatory approval. The Cameron unit generated sales of approximately $400M in 2013, has approximately 850 employees and operates from 12 global locations. The results of operations of the Centrifugal Compression business will be reported as discontinued operations for Cameron beginning in the third quarter. Ingersoll Rand plans to fund the acquisition through a combination of cash on hand and debt. WHAT'S NOTABLE: Ingersoll-Rand said it expects the acquisition to be accretive to EBITDA margins, EPS, and ROIC in 2015 and beyond. The company expects the acquisition to add 8c-10c per share to its earnings in 2015. The company anticipates moderate incremental debt, supported by additional earnings from Cameron and core earnings growth. Ingersoll adds that it foresees refinancing of $500M of 2015 debt, and continues to expect a 2014 share repurchase of $1.38B. Cameron said it is selling the unit to focus on its core markets. The company expects after-tax proceeds of about $600M from the sale, part of which it planned to use to support share buybacks. ANALYST REACTION: Following the announcement, Wells Fargo analysts estimated that the acquisition will be approximately 10c-15c accretive excluding impact from synergies and approximately 20c-25c with anticipated synergies. PRICE ACTION: Ingersoll-Rand jumped $1.49, or 2.46%, to $62.03 in intra-day trading, while Cameron is trading down 0.6% to $72.21.
09:02 EDTAPAApache confirms Canning Basin oil discovery offshore Western Australia
Subscribe for More Information
06:44 EDTCHK, APANatural gas companies worried about regulatory outlook, The Hill says
Subscribe for More Information
06:33 EDTCAMIngersoll-Rand to host conference call
Conference call to discuss agreement to acquire Cameron International Corporationís centrifugal compression division will be held on August 18 at 9:30 am. Webcast Link
06:32 EDTCAMCameron sells Centrifugal Compression business to Ingersoll-Rand for $850M
Cameron (CAM) has announced that it has entered into a definitive agreement to sell its Centrifugal Compression business to Ingersoll Rand (IR) for cash consideration of approximately $850M, subject to closing adjustments. The decision to divest the Centrifugal Compression division was made after a careful review of Cameron's long-term business strategy to increase its focus on its core markets. The company's goal has been to identify a buyer that is more closely aligned with Centrifugal Compression's broad and global markets. Cameron expects to complete the sale of its Centrifugal Compression business prior to year end, subject to regulatory approval. The company estimates after tax proceeds from the sale to be approximately $600 million, and expects the net proceeds to support stock repurchases. In 2013, the Centrifugal Compression division had revenues of $396M. The results of operations of the Centrifugal Compression business will be reported as discontinued operations beginning in Q3.
06:31 EDTCAMCameron sells Centrifugal Compression business to Ingersoll-Rand for $850M
Subscribe for More Information
06:27 EDTCAMIngersoll Rand to acquire Cameron's centrifugal compressional division for $850M
Subscribe for More Information
06:05 EDTAPAApache discovers oil field in Western Australia, WSJ reports
Subscribe for More Information
August 14, 2014
17:00 EDTAPCGreenlight Capital gives quarterly update on stakes
Subscribe for More Information
14:13 EDTCAMOmega Advisors gives quarterly update on stakes
Subscribe for More Information
12:58 EDTGLNG, APAJANA Partners gives quarterly update on stakes
NEW STAKES: Apache (APA), FMC Corp (FMC), Civeo (CVEO), PetSmart (PETM), and Charter Communications (CHTR). INCREASED STAKES: Actavis (ACT), AIG (AIG), Mallinckrodt (MNK), HD Supply (HDS), and American Capital (ACAS). DECREASED STAKES: Liberty (LVNTA), Oil States International (OIS), eBay (EBAY), Liberty Media (LMCA), and Liberty Interactive (LINTA). LIQUIDATED STAKES: Sirius XM (SIRI), Juniper (JNPR), Golar LNG (GLNG), Outerwall (OUTR), and Teva (TEVA).
07:10 EDTGLOGGasLog Partners announces first option vessels acquisition from GasLog Ltd
Subscribe for More Information
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use