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Stock Market & Financial Investment News

News Breaks
March 19, 2013
16:39 EDTMROMarathon Oil announces Shenandoah well results, confirms Shenandoah-1 discovery
Marathon Oil announced the Shenandoah-2 well in the deepwater Gulf of Mexico has encountered more than 1,000 net feet of oil pay in multiple high-quality Lower Tertiary-aged reservoirs. The Shenandoah-2 well, located in Walker Ridge block 51, was drilled to a total depth of 31,405 feet in approximately 5,800 feet of water, more than 1 mile southwest and approximately 1,700 feet structurally down-dip from the Shenandoah-1 discovery. The Shenandoah-1 discovery well encountered more than 300 net feet of Inboard Lower Tertiary oil pay. The operator and partners are incorporating the information obtained from Shenandoah-2 into planning and anticipate further appraisal drilling to advance this potentially significant resource discovery. Marathon Oil holds a 10% working interest in Shenandoah.
News For MRO From The Last 14 Days
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January 27, 2015
10:00 EDTMROOn the Fly: Analyst Downgrade Summary
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January 26, 2015
16:26 EDTMROMarathon Oil, Cobalt, RSP Permian downgraded at UBS
UBS lowered its Brent and WTI forecasts to $52.50 and $49 from $67.50 and $62.50, respectively, and downgraded a number of names in the energy space in conjunction. Along with making changes to its oil price forecasts, UBS downgraded Marathon Oil (MRO), Cobalt (CIE) and RSP Permian (RSPP), all to Neutral from Buy. The firm also identified ConocoPhillips (COP), Devon Energy (DVN), Murphy Oil (MUR), Ultra Petroleum (UPL), Range Resources (RRC), Denbury Resources (DNR), and Magnum Hunter (MHR) as having high valuations, slowing growth and wide free cash flow deficits and said it was cautious on all of those names as well.
16:21 EDTMROMarathon Oil downgraded to Neutral from Buy at UBS
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