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Stock Market & Financial Investment News

News Breaks
January 30, 2013
16:30 EDTMMR, EXXIMcMoRan Exploration updates status of Davey Jones No. 1
McMoRan Exploration (MMR) updated the status of the Davy Jones No. 1 well on South Marsh Island Block 230. As previously reported, McMoRan is developing plans at the Davy Jones No. 1 well to pump a hydraulic fracture treatment including proppant to facilitate hydrocarbon movement into the wellbore. Future plans will incorporate data gained to date at Davy Jones as well as potential core and log data from the in progress well at Lineham Creek, located onshore approximately 50 miles northwest of Davy Jones. The rig is being moved off location for several months while a large scale hydraulic fracture treatment is designed to penetrate the Wilcox reservoirs. As previously reported, the Davy Jones No. 1 well logged 200 net feet of pay in multiple Wilcox sands, which were all full to base. The Davy Jones offset appraisal well, Davy Jones No. 2, which is located two and a half miles southwest of Davy Jones No. 1, confirmed 120 net feet of pay in multiple Wilcox sands, indicating continuity across the major structural features of the Davy Jones prospect, and also encountered 192 net feet of potential hydrocarbons in the Tuscaloosa and Lower Cretaceous carbonate sections. McMoRan is the operator and holds a 63.4% working interest and a 50.2% net revenue interest in Davy Jones. Another working interest owner in Davy Jones includes Energy XXI (EXXI), 15.8%.
News For MMR;EXXI From The Last 14 Days
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August 18, 2014
07:54 EDTEXXIEnerCom to hold a conference
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August 15, 2014
10:01 EDTEXXIOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Apollo Global (APO) downgraded to Market Perform from Outperform at Wells Fargo... Calavo Growers (CVGW) downgraded to Neutral from Outperform at Wedbush... DaVita (DVA) downgraded to Hold from Buy at Deutsche Bank... Dangdang (DANG) downgraded to Neutral from Outperform at Credit Suisse... Ducommun (DCO) downgraded to Neutral from Buy at DA Davidson... Energy XXI (EXXI) downgraded to Sector Perform from Outperform at Howard Weil... Fifth Street Finance (FSC) downgraded to Neutral from Buy at Gilford Securities... Genetic Technologies (GENE) downgraded to Neutral from Buy at Ladenburg... Harmony Gold (HMY) downgraded to Underweight from Neutral at HSBC... Ignite Restaurant (IRG) downgraded to Neutral from Overweight at Piper Jaffray... JDSU (JDSU) downgraded to Hold from Buy at Argus... K12 (LRN) downgraded to Market Perform from Outperform at Wells Fargo... KKR (KKR) downgraded to Market Perform from Outperform at Wells Fargo... Lexington Realty (LXP) downgraded to Neutral from Buy at Ladenburg... Lithia Motors (LAD) downgraded to Underweight from Equal Weight at Morgan Stanley... New York & Co. (NWY) downgraded to Neutral from Buy at Janney Capital... OCI Partners (OCIP) downgraded to Underweight from Equal Weight at Barclays... OmniVision (OVTI) downgraded to Neutral from Outperform at RW Baird... Smith & Nephew (SNN) downgraded to Equal Weight from Overweight at Morgan Stanley... Subsea 7 (SUBCY) downgraded to Neutral from Buy at Goldman... Tencent (TCEHY) downgraded to Neutral from Overweight at JPMorgan... ViaSat (VSAT) downgraded to Equal Weight from Overweight at Stephens... bebe stores (BEBE) downgraded to Neutral from Buy at Janney Capital.
08:48 EDTEXXIEnergy XXI downgraded to Sector Perform from Outperform at Howard Weil
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07:52 EDTEXXIEnergy XXI price target lowered to $30 from $36 at Canaccord
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August 14, 2014
15:34 EDTEXXIEnergy XXI announces resignation of COO
Benjamin Marchive notified the board of Energy XXI Limited, an exempted company under the laws of Bermuda, of his resignation as COO of Energy XXI, as well as from all other positions currently held as officer, director, trustee or any position with subsidiaries or affiliates of Energy XXI, effective October 1. Marchive indicated that his decision to retire was not a result of any disagreement with Energy XXI on any matter relating to its operations, policies or practices.
14:13 EDTEXXIOmega Advisors gives quarterly update on stakes
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12:46 EDTEXXIHayman Capital gives quarterly update on stakes
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August 13, 2014
17:17 EDTEXXIEnergy XXI targets FY15 capital budget of $875M focused on development drilling
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17:13 EDTEXXIEnergy XXI expects FY15 production to increase 37%
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17:11 EDTEXXIEnergy XXI reports Q4 EPS (6c), may not compare to consensus 26c
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