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Stock Market & Financial Investment News

News Breaks
December 11, 2012
08:28 EDTMMR, FCX, CVXMcMoRan Exploration could go above $18 per shares, says Susquehanna
McMoRan Exploration (MMR) is being acauired by Freeport McMoRan (FCX) for $14.75 per share in cash plus royalty interest. Susquehanna believes the royalty interest stub could be worth $1.85-$3.70 per share and that near-term catalysts including onshore drilling success at its Lineham Creek well may support the value of the overriding interest portion of Freeport's (FCX) bid for the company. Susquehanna believes the success could push the price above its $18 price target. Shares are Positive rated.
News For MMR;FCX;CVX From The Last 14 Days
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October 17, 2014
08:54 EDTCVXChevron adds drillship to deepwater operations in Gulf of Mexico
Chevron Corporation (CVX) announced that the Pacific Sharav, a deepwater drillship built to Chevron's specifications, has arrived in the Gulf of Mexico to work under a five-year contract with Pacific Drilling (PACD). The Pacific Sharav is an upgraded Dual-Load-Path, Samsung-12000-design, dynamically-positioned drillship, specially modified to accept a Dual Gradient Drilling System, and able to operate in moderate environments and water depths up to 12,000 feet. The Pacific Sharav has commenced operations in the Keathley Canyon area.
08:48 EDTCVXChevron arranges FID for IDD, postpones second phase, Reuters says
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October 16, 2014
13:54 EDTCVXGulf states to oppose OPEC oil production ceiling cut, WSJ says
Despite the recent turmoil in the oil market, Gulf nations including Saudi Arabia, Kuwait and the United Arab Emirates are seen as opposing OPEC oil-production ceiling cuts at next month's meeting, says the Wall Street Journal. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
October 15, 2014
07:44 EDTCVXExxon, Shell behind rivals in lowering greenhouse gas emissions, WSJ reports
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October 14, 2014
09:19 EDTCVXChevron delays $12B deepwater project after gas discovery, Jakarta Post says
PT Chevron Pacific Indonesia, a unit of Chevron, has submitted a letter requesting the postponement of its $12B Indonesia Deepwater Development project as it revise its calculations on the project following the discovery of a new gas reserve that has increased the projectís monetizing value, reported The Jakarta Post, citing an official with the Energy and Mineral Resources Ministry. Reference Link
October 13, 2014
13:11 EDTFCXFreeport receives approval to resume open-pit mining in Indonesia, Reuters says
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06:36 EDTCVXSaudi Arabia content to let oil prices stay low, Reuters reports
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October 12, 2014
13:53 EDTCVXKuwaiti Minister says OPEC unlikely to cut production, WSJ says
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13:45 EDTCVXSaudis take aggressive oil measures in Europe, WSJ says
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October 9, 2014
09:06 EDTCVXChevron names Francis Chief Governance Officer to succeed Beebe
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09:04 EDTCVXChevron names Francis Chief Governance Officer
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08:03 EDTCVXCBI joint venture with Chevron wins technology award in Bahrain
Chicago Bridge & Iron (CBI) and Chevron's (CVX) joint venture Chevron Lummus Global has been awarded a contract in excess of $100M by Bahrain Petroleum Co. The scope of work includes the license of its LC-Fining and Isocracking technologies and engineering design packages for the new residue hydrocracking and vacuum gasoil hydrocracking units for the Bapco Modernization Program.
October 8, 2014
18:20 EDTFCXFreeport California assets may receive bid from McClendon, Bloomberg reports
Aubrey McClendon is mulling a purchase of Freeport McMoRan's assets in California for up to $5B, Bloomberg reports, citing people with knowledge of the matter. McClendon's American Energy Partners has been looking to raise capital to fund the potential deal, and the company would turn Freeport's assets into a newly created operating unit, the people added. Freeport McMoRan is speaking with other potential suitors, and the dead is not finalized, according to the people. Reference Link
12:52 EDTFCXFreeport faces mounting pressure to improve safety at copper mine, Reuters says
Workers at Freeport McMoRan's Indonesia copper mine are looking for face-to-face talks with local management and may commence a mine blockade or strike action following a fatal accident at the mine, Reuters reports, citing union official Albar Sabang. If workers safety concerns and other demands are ignored by management, fresh protests and strikes may occur which can hinder copper exports for Freeport, Sabang added. Reference Link
October 6, 2014
16:15 EDTFCXFranco-Nevada to acquire gold, silver stream from Lundin Mining for $648M
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16:08 EDTFCXFreeport McMoRan to sell interests in Candelaria/Ojos for up to $2B
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15:58 EDTFCXFreeport McMoRan set to sell Chilean mine to Lundin, Globe and Mail says
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12:54 EDTFCXMining stocks rise after report of potential Rio Tinto, Glencore merger planning
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12:08 EDTFCXCliffs Natural, Freeport mover higher after Bloomberg report on Rio Tinto
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05:56 EDTCVXChevron announces sale, JV partnership for Duvernay shale assets with KUFPEC
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