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Stock Market & Financial Investment News

News Breaks
May 27, 2014
08:46 EDTLINE, XOMLINN Energy swap less accretive than expected, says Oppenheimer
After Linn Energy (LINE) announced an asset swap with Exxon Mobil (XOM), Oppenheimer says that the accretion for Linn from the deal is only about half of what the firm was expecting. The firm thinks the deal does little to reduce Linnís leverage, and it keeps an Underperform rating on the shares.
News For LINE;XOM From The Last 14 Days
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March 30, 2015
11:21 EDTXOMHill receives contract from ZADCO to manage infrastructure improvements
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11:01 EDTXOMExxon Mobil begins production at Hadrian South in Gulf of Mexico
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05:53 EDTLINELINN Energy downgraded to Sell from Neutral at UBS
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05:52 EDTLINELinnCo downgraded to Sell from Neutral at UBS
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March 27, 2015
06:37 EDTXOMOil retreats after Goldman says attacks won't have much impact, Reuters reports
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March 26, 2015
10:30 EDTLINEOptions with decreasing implied volatility
Options with decreasing implied volatility: ASPS WLL WBAI CTRP FIVE LINE DRC RHT LULU APOL
08:56 EDTXOMExxon Mobil volatility flat as WTI oil trades above $51
Exxon Mobil March weekly call option implied volatility is at 17, May is at 16, June is at 17, and October is at 18; compared to its 26-week average of 19 according to Track Data, suggesting non-directional price movement.
06:36 EDTXOMOil surges after Saudis attack Yemen rebels, Reuters reports
The price of West Texas Intermediate oil was up about 4% after Saudi Arabia and other countries bombed Iranian-backed rebel forces in Yemen, according to Reuters. OVerseas stocks fell signficantly following the attacks, the news service noted. Publicly traded oil companies include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
March 24, 2015
07:36 EDTXOMWhiting tumbles as stock offering dampens takeover speculation
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06:49 EDTLINELINN Energy signs $1B letter of intent with Quantum Energy Partners
LINN Energy (LINE) and LinnCo (LNCO) announced that LINN has signed a non-binding letter of intent with private capital investor Quantum Energy Partners to fund selected future oil and natural gas acquisitions and development on those acquired assets. Subject to final documentation, Quantum has agreed to initially commit up to $1B of equity capital to fund acquisitions and development of oil and natural gas assets. LINN will have the ability to participate in all acquisition opportunities with a direct working interest ranging from 15% to 50%. AcqCo assets will be managed by LINN in exchange for a reimbursement of general and administrative expenses. Additionally, after certain investor return hurdles are met, LINN will have the ability to earn a promoted interest in AcqCo. Upon the sale of any assets within AcqCo, LINN will be given right of first offer to acquire those assets.
March 22, 2015
17:59 EDTXOMOPEC will not take sole responsibility for supporting oil price, Reuters says
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March 20, 2015
07:19 EDTXOMWhite House expected to unveil fracking rules today, WSJ says
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06:37 EDTXOMOil prices fall again, Reuters reports
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March 19, 2015
08:38 EDTXOMN.J. State Assembly Judiciary Committee to hold a hearing
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07:19 EDTXOMKuwaiti minister says OPEC can't cut oil production, Bloomberg reports
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07:04 EDTXOMAmerican Express confirms plans to launch Plenti loyalty program
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March 18, 2015
06:16 EDTXOMAmerican Express to launch Plenti loyalty program this spring, WSJ reports
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