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Stock Market & Financial Investment News

News Breaks
November 21, 2012
09:04 EDTMURMurphy Oil abandons offshore Congo well and acquires Australia interest
Murphy Oil announced the results of its recent drilling offshore Republic of the Congo in the Mer Profonde Nord permit and entry into a new block offshore Australia. The Opale Marine - 1 well in the MPN Block was unsuccessful and has been plugged and abandoned. The total net cost of the well is estimated at $48M and will be expensed in Q4. As a result, Murphy will also take a noncash charge of $29M in the quarter to write off the Titane Marine - 1 well. The company has also expanded its position in the Browse Basin offshore Australia by picking up a 20% working interest in Block WA-408-P where drilling is expected to begin in December this year.
News For MUR From The Last 14 Days
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October 30, 2014
08:16 EDTMURMurphy Oil shares should advance today, says Wells Fargo
Wells Fargo expects Murphy Oil's stock to climb today after the company reported stronger than expected results. The firm expects the company's production to increase significantly this quarter, and it keeps an Outperform rating on the shares.
October 29, 2014
16:49 EDTMURMurphy Oil reports Q3 adjusted EPS $1.15, consensus 99c
Q3 production averaged 229,759 boepd. This production level was approximately 2% over our guidance of 225,000 boepd for the quarter and was primarily attributed to higher production across the Gulf of Mexico and in Sarawak, Malaysia.
15:53 EDTMURNotable companies reporting after market close
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