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Stock Market & Financial Investment News

News Breaks
October 16, 2012
13:21 EDTCOP, MUR, PSX, HESHess trades higher after Murphy Oil spin-off news
Hess (HES) is trading up almost 4% in mid-day trading after industry peer Murphy Oil (MUR) announced it will unlock value by spinning off its U.S. fuel making business into a new company. Conoco-Phillips (COP) implemented a similar strategy earlier this year when it spun-off its fuels, petrochemicals and pipeline businesses into Phillips 66 (PSX). Hess, another integrated oil company, operates in two segments: exploration and production, and marketing and refining, making it a potential candidate for a spin off. On September 11, "Mad Money " host Jim Cramer referenced Hess on his show, noting that Hess' exploration and production side of the business is seen as unfocused. At mid-day, Hess is trading up 2.00, or 3.78%, to $54.94.
News For HES;MUR;COP;PSX From The Last 14 Days
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December 16, 2014
12:22 EDTHESAnadarko, BG Group 'widely seen' as targets amid oil slump, FT says
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09:59 EDTHESOn The Fly: Analyst Downgrade Summary
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09:28 EDTMURMurphy Oil downgraded to Sector Perform from Outperform at Howard Weil
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07:30 EDTHESHess Corp. downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley downgraded Hess to Equal Weight citing relative outperformance vs. Bakken names and another reduction in oil price forecasts and capex reductions. Price target lowered to $73 from $101.
December 15, 2014
10:00 EDTPSXOn The Fly: Analyst Upgrade Summary
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08:56 EDTHESHess Corp. coverage resumed with a Buy at Goldman
Target $92.
08:55 EDTMURMurphy Oil coverage resumed with a Neutral at Goldman
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06:59 EDTPSXPhillips 66 upgraded to Buy from Neutral at BofA/Merrill
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December 14, 2014
17:07 EDTCOPOPEC's Badri says group will withstand oil price fall, Reuters says
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December 12, 2014
09:35 EDTHESActive equity options trading
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06:51 EDTCOPBrent crude oil fell to five year low, Reuters reports
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December 11, 2014
07:28 EDTHESHess volatility elevated as oil trades near 65-month low
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06:47 EDTCOPConocoPhillips volatility elevated on lower energy prices
ConocoPhillips overall option implied volatility of 43 compares to its 26-week average of 19 according to Track Data, suggesting large price movement.
06:06 EDTCOPCenovus Energy decides to slow down development plans at Narrows Lake
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December 10, 2014
08:06 EDTCOPConocoPhillips volatility elevated as WTI trades below $63
ConocoPhillips overall option implied volatility of 33 compares to its 26-week average of 19 according to Track Data, suggesting large price movement.
December 9, 2014
06:05 EDTCOPEnergy Recovery sells first IsoBoost system to ConocoPhillips
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December 8, 2014
08:31 EDTCOPConocoPhillips sets 2015 capital budget of $13.5B, down 20% vs. 2014
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07:53 EDTCOPClimate for Exxon E&P acquisition improved by falling prices, WSJ says
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December 5, 2014
11:17 EDTPSXPhillips 66 announces 2015 capital budget of $4.6B
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07:43 EDTCOPLondon bankers see oil slump spurring energy industry consolidation, WSJ reports
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