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Stock Market & Financial Investment News

News Breaks
April 7, 2014
10:50 EDTSEAS, SXC, CMCSK, MILL, HSTHigh option volume stocks: HST SEAS SXC CMCSK MILL
News For HST;SEAS;SXC;CMCSK;MILL From The Last 14 Days
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October 30, 2014
06:21 EDTHSTHost Hotels sees FY14 AFFO $1.47-$1.49, consensus $1.46
Sees FY14 comparable hotel RevPAR for domestic properties up 6%-6.25%.
06:19 EDTHSTHost Hotels reports Q3 AFFO 34c, consensus 31c
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October 29, 2014
15:41 EDTHSTNotable companies reporting before tomorrow's open
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08:49 EDTMILLMiller Energy affirms over 80% of current oil production hedged
Given recent movements in oil prices, Miller also reaffirmed that it has more than 80% of its current oil production hedged. It has approximately 456 MBbls hedged at $99.19 through the remainder of FY15 and approximately 787 MBbls at $95.36 during FY16. Miller believes it has sufficient liquidity if oil prices remain at current levels for the foreseeable future.
08:46 EDTMILLMiller Energy provides strategic processes update
Miller Energy announced that it has received nearly all the regulatory approvals for its acquisition of Savant Alaska and expects that transaction to close in November. Miller estimates that contractual purchase price adjustments from the May 1 effective date, as a result of ongoing production, will lower the effective acquisition price to approximately $5.8M, down from $9M. Upon closing, the company expects this acquisition will immediately add approximately 600 Bopd net production to Miller. In addition, Miller has reached agreement to sell substantially all of its Tennessee oil and gas assets and related liabilities for approximately $3.3M in cash. The company expects that the transaction will close in November. Miller expects the sale of its Tennessee assets will reduce costs and increase the company's cash flow by approximately $800,000 per year. The company has also announced that it continues its discussions with Buccaneer Energy and its principal lender to purchase substantially all Buccaneer Energy's Alaska operating assets out of bankruptcy. While negotiations continue, there is no guarantee that Miller will reach agreement with the sellers.
08:45 EDTMILLMiller Energy announced operations update
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08:44 EDTMILLMiller Energy CFO to leave company, Jeffrey McInturff named Interim CFO
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October 27, 2014
10:15 EDTSXCSunCoke Energy upgraded to Buy from Hold at BB&T (pre-open)
Pre-open, BB&T upgraded SunCoke Energy to Buy due to shares underperformance ahead of the next round of coke facility drop-downs and transformation into a pure GP play. Price target is $30.
October 24, 2014
08:09 EDTSXCSunCoke Energy sees FY14 Domestic Coke production 4.2M tons
Sees FY14 adjusted EBITDA from continuing operations $235M-$255M. Sees adjusted EBITDA attributable to SXC from continuing operations is expected to be between $175M-$192M. Sees FY14 consolidated adjusted EBITDA including discontinued operations is expected to be between $220M-$240M. The portion attributable to SXC is expected to be between $160M-$177M. Says potential black lung charges of approximately $8M in the Q4 could result in consolidated adjusted EBITDA at or below the low end of this guidance range Expect to incur $10M-$15M of exit costs associated with the sale and/or disposition of our coal mining business in FY14. Sees FY14 CapEx $128M.
08:00 EDTSXCSunCoke Energy reports Q3 EPS from cont. ops 21c, consensus 10c
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07:58 EDTSXCSunCoke Energy declares cash dividend fo 5.85c per share
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October 23, 2014
07:03 EDTCMCSKComcast says video customer net losses declined to 81,000 in Q3
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07:01 EDTCMCSKComcast reports Q3 adjusted EPS 73c, consensus 71c
Reports Q3 revenue $16.8B, consensus $16.82B.
October 22, 2014
13:06 EDTCMCSKEarnings Preview: Comcast reporting Q3 results as Time Warner deal progressing
Comcast (CMCSA, CMCSK) is set to report third quarter earnings before the market open on Thursday, October 23, with a conference call scheduled for 8:30 am ET. Comcast is a diversified media company that operates the NBC family of networks and Universal Pictures, among other cable, internet, and voice services. On February 13, Comcast announced plans to merge with Time Warner Cable (TWC) in a deal valued at $45.2B. EXPECTATIONS: Analysts are looking for earnings per share of 71c on revenue of $16.82B, according to First Call. The consensus range for EPS is 64c-76c on revenue of $16.5B-$17.17B. LAST QUARTER: Comcast reported second quarter EPS of 75c against estimates for 72c, on revenue of $16.84B against estimates for $16.95B. TIME WARNER CABLE DEAL: On August 17, The Wall Street Journal reported that the Federal Communications Commission said that one issue it must decide as it reviewed the proposed acquisition of Time Warner Cable is whether to allow Comcast to continue Time Warner Cable's arrangement to handle programming and technology acquisitions for cable operator Bright House Networks. On August 26, Engadget reported that Netflix (NFLX) filed a formal protest against the Time Warner Cable deal, saying that the merger would result in "serious public interest harm" and that a combined cable giant would have a huge amount of leverage over it and rivals such as Hulu. Hulu is a joint venture owned by Comcast along with Disney (DIS) and 21st Century Fox (FOX,FOXA). The New York Post reported on September 8 that Discovery (DISCA) believed Comcast's takeover of Time Warner Cable would give the merged entity an unfair advantage over programmers. That same day, Reuters said a proxy statement detailed that Time Warner Cable employees would split $416M if the merger deal with Comcast did not transpire. At the Goldman Sachs Communacopia Conference on September 10, Comcast said that it has made "a lot of progress" on the shareholder approval process for the Time Warner Cable deal, but expected the agreement to be finalized in early fiscal year 2015 versus the previous guidance of late 2014. The company expects the Time Warner Cable merger to generate $1.5B in operating expense synergies. On September 16, Comcast said at the Media, Communications and Entertainment Conference that it would reveal its capital plan at the close of the Time Warner Cable deal and noted at that time that "everything was on track" regarding the merger. The Wall Street Journal reported on September 30 that the FCC pushed for media companies to submit details of their programming agreements with Comcast prior to the Time Warner Cable deal. The FCC announced three days later that it extended time for the companies to file their replies on Comcast regarding the merger. On October 8, Comcast Shareholders approved stock issuance for the Time Warner Cable deal and the next day, Time Warner Cable stockholders approved the Comcast merger deal. STREET RESEARCH: Analysts remained fairly quiet on Comcast throughout the quarter. On September 9, UBS raised its price target on Comcast to $72 from $60 given its strong underlying fundamentals and the expected free cash flow accretion from the Time Warner Cable deal. The firm also said it expected Comcast to accelerate its stock buyback and increase its dividend. UBS kept its Buy rating on the stock. On October 17, Goldman Sachs said that Comcast was its top large cap pick into the earnings report given steady fundamentals, moderated expectations, and valuation. The firm maintained the stock with a Buy rating and a $64 price target. PRICE ACTION: Since the first day of trade following its Q2 report on July 22, shares of Comcast are down about 3.5%. Since it announced its deal with Time Warner Cable on February 13, shares of the media company have fallen just under 6%. In late-morning trade ahead of tomorrow’s Q3 report, shares of Comcast are down fractionally.
October 21, 2014
09:04 EDTSXCSunCoke Energy names Fay West as SVP, CFO
SunCoke Energy (SXC) and SunCoke Energy Partners, L.P. (SXCP) announced that Fay West has been promoted to SVP and CFO of both companies, reporting directly to Fritz Henderson, SunCoke’s Chairman and CEO. Fay was previously Vice President and Controller. This appointment is effective October 27. Mark E. Newman, SVP and CFO, has accepted the position of SVP and CFO of DuPont’s (DD) new Performance Chemicals Company.

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