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Stock Market & Financial Investment News

News Breaks
June 26, 2014
06:40 EDTPVA, DVN, APA, BRGYY, LNG, ETP, D, EOG, ETE, SREHouse passes bill to speed up natural gas export applications, The Hill says
The House yesterday passed a bill that would allow companies to more quickly obtain permission to export natural gas to non-Free Trade Agreement countries such as Ukraine, according to The Hill. The legislation would require the Department of Energy to decide on applications within 30 days after an environmental review of liquid natural gas facilities are completed, the website explained. Companies that are looking to export natural gas from the U.S. include Cheniere Energy (LNG), Sempra (SRE), Dominion (D), BG Group (BRGYY), and Southern Union, which is jointly owned by Energy Transfer Equity (ETE) and Energy Transfer Partners (ETP). Natural gas producers include Apache (APA), EOG Resources (EOG), Devon Energy (DVN), and Penn Virginia (PVA).Reference Link
News For LNG;SRE;D;BRGYY;ETE;ETP;APA;EOG;DVN;PVA From The Last 14 Days
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August 31, 2015
16:10 EDTPVAPenn Virginia completes sale of East Texas assets for $74M
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August 27, 2015
12:01 EDTAPAStocks with call strike movement; APA SPLS
Apache (APA) December 15 call option implied volatility decreased 9% to 42, Staples (SPLS) December 15 call option implied volatility decreased 9% to 42 according to iVolatility.
07:19 EDTETPMatrix Service awarded $330M pipeline terminal construction contract
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August 26, 2015
12:47 EDTBRGYYOn The Fly: Top stock stories at midday
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10:57 EDTBRGYYEuropean oilfield service names boosted by M&A speculation, says JPMorgan
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10:11 EDTETEHigh option volume stocks
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August 24, 2015
12:20 EDTETEEnergy Transfer Equity bids for Magnum Hunter Eureka stake, Bloomberg says
Energy Transfer Equity (ETE) is making a bid to acquire Magnum Hunter Resources' (MHR) stake in the Eureka Hunter Pipeline, Bloomberg reports, citing people with knowledge of the matter. The approximately 46% stake may be worth as much as $600M, the report says. Reference Link
12:02 EDTETEEnergy Transfer Equity bids for Magnum Hunter Eureka stake, Bloomberg says
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09:03 EDTLNGCheniere appoints Icahn Enterprises managing directors to board
Cheniere Energy (LNG) announced the appointment of Jonathan Christodoro and Samuel Merksamer to the Board of Directors, effective immediately. With these additions, the Cheniere Board now comprises eleven directors. Christodoro and Merksamer are Managing Directors of Icahn Capital LP, a subsidiary of Icahn Enterprises (IEP).
August 21, 2015
12:22 EDTEOG, DVNChanos say still short Exploration & Production space
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August 20, 2015
08:03 EDTDIntrexon and Dominion enter exclusive agreement in Marcellus and Utica basins
Intrexon (XON) announced that Intrexon Energy Partners, and Dominion Energy, a subsidiary of Dominion (D), have entered into an agreement to explore the potential for commercial-scale biological conversion of natural gas to isobutanol, a drop-in fuel with numerous advantages over other clean burning gasoline blendstocks. Under the terms of the agreement, IEP will be required to meet specific development milestones prior to initiation of certain commercialization activities, which are subject to board approval by both parties. Dominion will be the exclusive partner to construct, own, operate, and maintain the production facilities in the Marcellus and Utica Shale Basins located in eastern North America via potential long-term services agreements with IEP. Within this geographic region, the collaboration plans to build natural gas bioconversion facilities leading to the creation of job opportunities and generation of local and state tax revenue.
05:46 EDTEOGStocks with implied volatility movement; QIHU EOG
Stocks with implied volatility movement; Qihoo 360 (QIHU) 45, EOG Resources (EOG) 35 according to iVolatility.
August 19, 2015
16:58 EDTEOGOn The Fly: Top stock stories for Wednesday
The market opened deep in negative territory after a tumultuous trading session in China and a softer than expected U.S. consumer prices report. Sellers continued to push the averages lower throughout the morning, with the Dow tacking on losses of more than 200 points as investors waited for the release of the Fed minutes. The market rallied following an early leak of the minutes, which suggested officials are getting closer to raising rates but appear to be waiting for additional data. Despite the afternoon rally, the averages sold off once again heading into the close, leaving all three indices in the negatives for Wednesday. ECONOMIC EVENTS: In the U.S., the July consumer price index edged up 0.1% against expectations for 0.2% reading. The core reading, which excludes food and energy, also came in at 0.1% versus consensus estimates of 0.2%. There were no revisions to the 0.3% headline gain in June or the 0.2% growth in the ex-food and energy component. Component gains were muted across the board, with Energy prices up just 0.1% in July. Meanwhile, FOMC minutes showed no definitive indication of a September rate hike. Most committee members "judged that the conditions for policy firming had not yet been achieved, but they noted that conditions were approaching that point." Other members, however, believed that the inflation outlook "might not soon meet one of the conditions... for initiating a firming of policy." COMPANY NEWS: Shares of Dot Hill Systems (HILL) soared $4.50, or 86.87%, to $9.68 after Seagate Technology (STX) agreed to acquire the company for $9.75 per share, noting that it expects the deal to be non-GAAP EPS accretive in fiscal 2016. Shares of the hard drive giant fell 5.03% to $49.43 for the session... Lowe's (LOW) shares saw gains of $1.34, or 1.84%, to $74.36 following the company's earnings report this morning, while Target (TGT) rose $59c, or 0.73%, to $80.89 after beating on both top and bottom lines. On a subsequent conference call, Target executives forecast a "choppy" competitive environment in Q3, though they added that the company "will not get beat" on promotions in Q4. Separately, American Eagle (AEO) lost 7.42% to $16.92 after its quarterly numbers. MAJOR MOVERS: Among the notable gainers were Palatin (PTN) and Apricus (APRI), showing respective advances of 3.19% and 7.89% after the FDA approved Sprout's female sexual dysfunction drug Addyi, with the agency remarking that it "continues to encourage drug development in this area." Note that both Palatin and Apricus are developing their own treatments in the space, and Apricus reaffirmed this morning its intent to seek a global partner as it advances its Femprox sexual dysfunction medication. Also higher was Yum! Brands (YUM), which gained $1.90, or 2.26%, to $86.10 after appointing a new CEO of its China division, adding that its same-store sales in the region "have turned significantly positive." Among the noteworthy losers was Rayonier Advanced Materials (RYAM), plunging $6.01, or 44.09%, to $7.62 after disclosing a legal battle with its customer Eastman Chemical (EMN) over "meet or release" contract stipulations which may impact Eastman's purchase obligations. Also lower was Caesarstone (CSTE), which lost $3.43, or 7.14%, to $44.61 after short-selling hedge fund Spruce Point said the stock has up to 75% downside due to heightened raw material costs and competitive concerns, among other factors. Separately, EOG Resources (EOG), Baytex Energy (BTE), and Vanguard Natural (VNR) saw respective losses of 4.15%, 15.53%, and 13.83% after WTI crude fell 5.02% for the session. INDEXES: The Dow declined 162.61, or 0.93%, to 17,348.73, the Nasdaq fell 40.30, or 0.80%, to 5,019.05, and the S&P 500 lost 17.31, or 0.83%, to 2,079.61.
07:38 EDTLNGEnerCom to hold a conference
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07:22 EDTLNGCitigroup to hold a conference
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August 18, 2015
07:29 EDTLNGEnerCom to hold a conference
The Oil & Gas Conference is being held in Denver, Colorado on August 16-20 with webcasted company presentations to begin on August 18 at 10:00 am; not all company presentations may be webcasted. Webcast Link

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