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Stock Market & Financial Investment News

News Breaks
March 14, 2014
14:55 EDTGMCR, GMCR, GMCR, WPX, WPX, WPXKeurig Green Mountain to replace WPX Energy in S&P 500 as of 3/21 close
News For GMCR;WPX From The Last 14 Days
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June 25, 2015
09:19 EDTGMCRKeurig Green Mountain price target lowered to $95 from $117 at BofA/Merrill
BofA/Merrill lowered Neutral rated Keurig Green Mountain's price target to $95 from $117 and lowered estimates to reflect 2016 spending and slower hot platform growth. The firm expects 2016 to be a significant investment year and lowered its hot brewer expectations due to a muted consumer reception for second generation brewers.
07:16 EDTWPXWPX Energy to increase activity, EURs in Williston Basin
WPX Energy plans to increase its activity in the Williston Basin during the second half of 2015 by resuming completions and increasing its rig count from one to three before year-end. The decision follows significant process improvements, structural changes to lower costs, successful discussions with key vendors, a technical analysis of WPX’s well performance that led to higher estimated ultimate recoveries and favorable results from larger stimulations. WPX has rapidly driven costs out of its Williston operations. The company’s estimated drilling and completion costs in the basin are approaching $8 million per well with 6 million pound completions, representing a decrease of more than 30 percent vs. its average in 2014. The company is now recognizing a blended type curve of approximately 750 Mboe for its wells in the Middle Bakken and Three Forks formations, up 25 percent per well from previous estimates of 600 Mboe. This is based on historical well performance and the success of incremental completion changes WPX performed in late 2014. The company currently has an inventory of 14 Williston wells awaiting completion. This work is scheduled to resume in August, starting with a four-well pad. WPX is scheduled to test 10-million-pound stimulations with more stages, more entry points and a higher pump rate in the second half of 2015 using 100 percent sand on its Williston wells. The company previously used a combination of sand and ceramic proppant. WPX’s completion modifications include moving toward a higher intensity slick-water design targeting the potential to increase initial production rates and EURs even further. The company estimates $9 million drilling and completion costs per well to perform the larger 10-million-pound stimulations. Funding for additional Williston activity primarily is derived by redeploying cost savings the company is incurring and reallocating capital from its Piceance Basin operations to its Williston development. WPX plans to move to a one-rig program in the Piceance during the second half of the year and evaluate the extent of Piceance-related completions based on commodity prices. Total planned capital investments for full-year 2015 remain in line with the company’s previous guidance of staying within its projected operating cash flow.
June 23, 2015
06:00 EDTGMCRKeurig Green Mountain implied volatility of 25 at lower end of index mean range
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June 22, 2015
07:16 EDTWPXWPX Energy completes purchase of 14,300 net acres in Gallup oil window for $26M
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June 19, 2015
16:08 EDTWPXPoint72 Asset reports 5.0% passive stake in WPX Energy
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09:55 EDTWPXWPX Energy initiated with an Accumulate at Global Hunter
Target $15.
June 18, 2015
06:07 EDTGMCRStocks with implied volatility below IV index mean; GMCR SINA
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June 17, 2015
06:03 EDTGMCRStocks with implied volatility below IV index mean; GMCR SINA
Stocks with implied volatility below IV index mean; Keurig Green Mountain (GMCR) 31, SINA (SINA) 46 according to iVolatility.
June 15, 2015
14:38 EDTGMCRSodaStream CEO not worried about competition from Keurig, Bloomberg says
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