Noble Energy sees FY14 CapEx $4.8B Total CapEx are estimated at $4.8B for FY14, with investments allocated 70% to U.S. Onshore and 30% to Global Deepwater activities.The company says it expects total sales volumes for FY14 from continuing operations to average between 302K and 322K barrels of oil equivalent per day. The company expects to invest $3.2B in U.S. Onshore development. U.S. Onshore sales volumes in FY14 are projected to be up 28% in the DJ Basin, after adjusting for the acreage exchange, and 90% in the Marcellus Shale driven by the growth in both horizontal programs from FY13. The company sees Global Deepwater programs to comprise $1.5B of capital investment in FY14.
News For NBL From The Last 14 Days
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Anadarko price target raised to $120-$130 from $110-$120 at Wells Fargo Wells Fargo increased its price target on Anadarko after the company announced that it had settled the Tronox case for a lower than expected amount. The firm thinks the stock's discount to its peers EOG Resources (EOG) and Noble Energy (NBL) is unjustified. Wells keeps an Outperform rating on Anadarko.