News For NFX From The Last 14 Days Check below for free stories on NFX the last two weeks.
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February 7, 2012
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| 10:23 EDT |  | NFX |
| | 06:29 EDT | | NFX |
| theflyonthewall.com: | Newfield Exploration downgraded to Neutral from Buy at UBS | | UBS downgraded Newfield Exploration based on weak volume growth and asset underperformance. Price target lowered to $41 from $44. :theflyonthewall.com |
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February 6, 2012
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| 10:59 EDT |  | NFX |
| theflyonthewall.com: | Newfield Exploration provides update on non-strategic asset sales | | Newfield Exploration provided an update on its ongoing sale of non- strategic assets. The program to date will generate estimated proceeds of approximately $735M. This includes approximately $400M of sales closed in 2011 and an additional $335M in sales that are expected to close in early 2012. In 2011, Newfield grew its oil and liquids production more than 20%. Natural gas volumes declined approximately 5% in 2011 due to reduced capital investments in gas assets and natural field declines. For the full year 2011, the company produced approximately 300 Bcfe. On a pro forma basis, excluding the production associated with assets sold in 2011 and the anticipated closings in early 2012, full year 2011 production would have been approximately 290 Bcfe. :theflyonthewall.com |
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