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Stock Market & Financial Investment News

News Breaks
June 30, 2014
05:16 EDTIOCInterOil sells downstream businesses for $525.6M
InterOil has announced the sale of companies that hold its Papua New Guinea oil refinery and petroleum products distribution businesses to Singapore-based Puma Energy Group Pte for $525.6M, which includes adjustments for cash and working capital. InterOil's downstream businesses include the Napa Napa refinery in Port Moresby that processes about 28,000 barrels a day, 52 service stations, and 30 fuel depots, terminals and aviation sites. The sale ensures the transition to Puma Energy of all InterOil staff who are employed in the refinery and downstream businesses.
News For IOC From The Last 14 Days
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March 27, 2015
10:31 EDTIOCOptions with increasing implied volatility
Options with increasing implied volatility: ZU ARWR HLSS CREE BMRN SWKS IOC CMG INFN HOT
March 17, 2015
06:07 EDTIOCInterOil reports FY14 revenue $13.16M vs. $2.76M last year
06:06 EDTIOCInterOil reports FY14 profit $289.77M, compared to ($40.36M) last year
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06:04 EDTIOCInterOil identified 5 targets outside of Elk-Antelope with potential of 17 Tcfe
InterOil is planning five wells outside of Elk-Antelope to target about 17 Tcfe of gross contingent and prospective resource; 8 Tcfe of which could be targeted by appraisal wells at Bobcat, Raptor, and Triceratops-3 plus 9 Tcfe by exploration wells at Antelope-South and Wahoo.
March 16, 2015
15:26 EDTIOCNotable companies reporting before tomorrow's open
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March 13, 2015
06:48 EDTIOCInterOil volatility elevated into Q4 and outlook
InterOil March call option implied volatility is at 77, April is at 67, June is at 40, September is at 53; compared to its 26-week average of 57 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on March 17.

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