Stock Market & Financial Investment News

News Breaks February 5, 2013 11:24 EDT IOC JPMorgan reports 5.4% passive stake in InterOil News For IOC From The Last 14 Days Check below for free stories on IOC the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 24, 2013 15:13 EDT IOC InterOil negotiations with Exxon Mobil validates the company, says Westlake Westlake Securities said InterOil's (IOC) exclusive negotiations with Exxon Mobil (XOM) is a major validation of the company and its Elk/Antelope resource. The analyst raised its price target to $130 from $115 as risk of a deal not being reached has been removed. Shares are Buy rated. 12:34 EDT IOC InterOil shares continue to slide, levels to watch The shares are continuing their downward slide, last at $89.52, down over 4.2% from yesterday's close. At this price, next support is at $87.31, the low of the session. Resistance is at $91.27, which was prior support. 10:32 EDT IOC InterOil turns red on the day after spiking pre-market, levels to watch Subscribe for More Information 09:25 EDT IOC On The Fly: Pre-market Movers Subscribe for More Information 08:32 EDT IOC InterOil Corporation volatility low into talks with Exxon over PNG assets Subscribe for More Information 08:13 EDT IOC InterOil jumps 11% after disclosing talks with ExxonMobil unit Subscribe for More Information 08:12 EDT IOC InterOil confirms exclusive talks with ExxonMobil Papua New Guinea InterOil (IOC) and its joint venture partner, Pacific LNG Group, said they have entered into exclusive negotiations with ExxonMobil Papua New Guinea, a subsidiary of ExxonMobil (XOM), on the development of Petroleum Retention License 15, which comprises the Elk and Antelope fields in the Gulf Province of Papua New Guinea. The transaction has been discussed with the government of PNG and any future agreement will be subject to their final approval, the company added. Items under consideration include: InterOil and Pacific LNG selling ExxonMobil Papua New Guinea Ltd. an interest in PRL 15 that is sufficient to supply gas to develop an additional LNG train at ExxonMobil Papua New Guinea Ltd.'s Konebada site; InterOil and Pacific LNG will be funded to drill additional delineation wells in the Elk and Antelope fields, which will be followed by recertification of the resource; InterOil and Pacific LNG will have the optionality to either independently develop a second LNG project in the Gulf Province that may also use gas from PRL 15 and potentially other discoveries, such as Triceratops, or pursue further development with ExxonMobil Papua New Guinea Ltd. 06:59 EDT IOC Exxon Mobil in exclusive talks with Interoil for natural gas assets, WSJ says Exxon Mobil (XOM) is in exclusive talks with InterOil (IOC) to invest in Interoil's natural gas assets in Papau New Guinea, reports the Wall Street Journal. In a statement confirming the talks, Interoil said it is discussing whether gas from the Elk and Antelope fields would support an expansion of the PNG LNG project or a new gas-export facility. Reference Link May 17, 2013 10:06 EDT IOC Pertamina rumored to bid on InterOil New Guinea assets, PNG reports Subscribe for More Information May 15, 2013 17:36 EDT IOC Paulson gives quarterly update on stakes Subscribe for More Information 07:20 EDT IOC InterOil in final talks on ‘multi-billion dollar’ LNG deal, Bloomberg reports InterOil Corp. (IOC), which has plans to develop an LNG project in Papua New Guinea, is in the final stage of talks with major oil producers and a national oil company for a “multi-billion dollar” partnership, reports Bloomberg. Royal Dutch Shell (RDS.A) has said it had discussions with InterOil and was interested in the proposed Papua New Guinea LNG plant. Reference Link May 14, 2013 16:23 EDT IOC On The Fly: Closing Wrap Stocks on Wall Street were higher on a Tuesday again, keeping the strange "Tuesday in 2013" streak alive. Some positive domestic economic data and bullish commentary from Appaloosa Management's David Tepper set the tone early and the averages traded with an upward bias for almost the entire trading day. Today's advance means that every Tuesday this year has seen the market log gains, and investors will have to wait another week to see if the pattern continues. ECONOMIC EVENTS: The NFIB small business optimism index for April rose to 92.1, versus expectations for it to climb to 90.3 from its prior 89.5 reading. Import prices were reported to have declined 0.5% in April, which was in-line with expectations. Export prices declined 0.7%, versus a forecast for a 0.1% drop in the month. COMPANY NEWS: Dell (DELL) shares lost 6c, or 0.44%, to $13.46 after Dow Jones said the company will report first quarter non-GAAP earnings of 20c per share, 15c below current consensus estimates. That followed an earlier report from CNBC's David Faber, who also said the company will report earnings that miss expectations and accurately called that Dell has moved its report to Thursday, which is earlier than had been expected... Sony (SNE) shares added $1.87, or 9.9%, but closed off their best levels at $20.76 after the New York Times reported that Dan Loeb of Third Point has built a 6.5% stake and proposes that the company take its entertainment unit public. MAJOR MOVERS: Among notable gainers was InterOil (IOC), up $7.46, or 9.57%, to $85.39 after reporting its earnings and saying its talks with "major oil companies and a national oil company" about a potential LNG partnership are in the final stages. Also higher was SodaStream (SODA), up $6.79, or 11.85%, to $64.08 after at least two analyst firms raised their price target on shares following yesterday's analyst day presentations. Among noteworthy losers was Solar City (SCTY), down $4.44, or 12.37%, to $31.44 after the company's first quarter earnings missed expectations and the stock was downgraded by at least two firms. Also lower was Velti (VELT), down 29c, or 14.5%, to $1.71 after its revenue outlook fell below estimates. INDICES: The Dow was up 123.57, or 0.82%, to 15,215.25; the Nasdaq was up 23.82, or 0.69%, to 3,462.61; and the S&P 500 was up 16.57, or 1.01%, to 1,650.34. 12:32 EDT IOC On The Fly: Midday Wrap Subscribe for More Information 12:00 EDT IOC InterOil rises 11.1% InterOil is up 11.1%, or $8.62, to $86.55 11:36 EDT IOC InterOil Corp volatility decreases on sharp rally after Q1 and outlook Subscribe for More Information 10:00 EDT IOC InterOil rises 8.5% Subscribe for More Information 08:17 EDT IOC InterOil says in 'final talks with multiple parties' about LNG partnership InterOil stated in conjunction with its Q1 earnings press release last night, "Our investment banking advisors and the Company are in final discussions with multiple parties, including major oil companies and a national oil company, each of whom we believe, if chosen, would satisfy the PNG government's objectives." Note that InterOil said on March 1 that its advisors informed the company that several bids to partner with InterOil in its Gulf LNG project had been received as of that time. May 13, 2013 16:37 EDT IOC InterOil reports Q1 EPS 8c, may not compare to consensus (12c) Subscribe for More Information 15:27 EDT IOC Notable companies reporting after market close Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.