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Stock Market & Financial Investment News

News Breaks
February 14, 2013
17:55 EDTTKR, IR, HESRelational Investors reports increased stakes in Hess, Ingersoll-Rand, Timken
News For HES;IR;TKR From The Last 14 Days
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November 18, 2014
08:06 EDTTKRTimken to acquire assets of Revolvo
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07:28 EDTIRBernstein to hold a conference
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November 17, 2014
09:00 EDTTKRTimken management to meet with ISI Group
Meetings to be held in New York on November 17 and in Canada on November 18 hosted by ISI Group.
08:47 EDTHESWilliams says Gulfstar One placed into service
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08:43 EDTHESChevron confirms first oil production from Tubular Bells in Gulf of Mexico
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08:36 EDTHESHess Corp. announces first production from Tubular Bells Field
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07:23 EDTIRUBS to hold a field trip
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November 14, 2014
18:05 EDTHES, TKR, IRRelational Investors gives quarterly update on stakes
NEW STAKES: None. INCREASED STAKES: None. DECREASED STAKES: Mondelez (MDLZ), Manitowoc (MTW), Clean Harbors (CLH), and Hologic (HOLX). LIQUIDATED STAKES: Ingersoll-Rand (IR), B/E Aerospace (BEAV), Timken (TKR), Hess (HES), and NXP Semiconductors (NXPI).
November 13, 2014
17:00 EDTIRTrian Fund Management gives quarterly update on stakes
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November 12, 2014
07:31 EDTHESBofA/Merrill to hold a conference
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November 10, 2014
13:00 EDTHESHess Corp. increases five-year production growth rate forecast
Hess Corporation will review its growth strategy and provide a detailed update on its portfolio at an Investor Day in Houston. CEO John Hess, COO Greg Hill and other members of the leadership team will outline plans and targets that underpin the company’s strategy and commitment to deliver value to shareholders. The company is increasing its five-year production growth rate forecast to 6%-10% compounded annually from 2013 through 2018 between $90 and $100 Brent. With the success of its 2014 downspacing pilots confirmed, the company is increasing its Bakken net peak production guidance to approximately 175,000 barrels of oil equivalent per day by 2020; adding an additional 1,000 well locations to a total of more than 4,000; and increasing its net estimated ultimate recovery to more than 1.4 BBOE. Utica’s net peak production is forecast to reach approximately 40,000 BOEPD by 2020, with approximately 500 well locations and a net EUR of more than 300 MMBOE. This is the first time the company is providing guidance for this asset. Significant production growth and free cash generation are forecast from Hess’ offshore assets, particularly in the deepwater Gulf of Mexico with the Stampede field sanctioned in October for first oil in 2018 and production startup underway at Tubular Bells.

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