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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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January 28, 2015
17:11 EDTMURMurphy Oil sees FY15 production to be in the range of 195,000 to 207,000 boepd
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17:10 EDTMURMurphy Oil sees Q1 production at 221,000 boepd
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17:09 EDTMURMurphy Oil sees FY15 CapEx $2.3B, 33% lower than FY14
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17:08 EDTMURMurphy Oil Q4 production averages 258,868 boepd
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17:06 EDTMURMurphy Oil reports Q3 EPS 39c, consensus 30c
15:37 EDTMURNotable companies reporting after market close
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January 26, 2015
16:26 EDTMURMarathon 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.
January 23, 2015
10:02 EDTMUROn the Fly: Analyst Downgrade Summary
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06:56 EDTMURMurphy Oil downgraded to Underperform from Neutral at Credit Suisse
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January 21, 2015
10:01 EDTMUROn The Fly: Analyst Downgrade Summary
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07:34 EDTMURMurphy Oil downgraded to Market Perform from Outperform at Wells Fargo
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