New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 3, 2014
08:13 EDTNFXNewfield Exploration should consider upstream MLP, says FBR Capital
FBR Capital believes Newfield Exploration management should consider an upstream master limited partnership since the company's Uinta Basin's growth potential is not being fully recognized by investors. FBR said its analysis indicates the pretax value of the Uinta business within an MLP would be $5.3B compared with Newfield's current enterprise value of $6.2B. The firm raised its price target for the stock to $40 from $35 to reflect the company's turnaround progress and keeps an Outperform rating on the stock.
News For NFX From The Last 14 Days
Check below for free stories on NFX the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
July 18, 2014
06:47 EDTNFXNewfield Exploration removed from short-term buy list at Deutsche Bank
Subscribe for More Information
July 17, 2014
08:11 EDTNFXNewfield Exploration raises FY14 production to 46.5-48.5 MMBoe from 44-48 MMBoe
Newfield expects that its planned 2014 domestic capital investments will total about $1.7B from $1.6B. The additional investments specifically relate to improved drilling performance across the company and the addition of new acreage in the Anadarko Basin. Due to continued operational efficiencies, Newfield expects to drill up to 15 additional gross wells across its focus areas in 2014. Newfield's net production from continuing operations in the second quarter of 2014 was 12.1 MMBOE from 10.7 11.3 MMBOE. Liquids comprised approximately 55% of second quarter production volumes. Net liftings from discontinued operations totaled less than 0.1 MMBOE. Domestic production in the second quarter increased 12% over the first quarter of 2014 and 21% over the comparable quarter of 2013. Domestic liquids production in the second quarter of 2014 increased 13% over the first quarter of 2014 and 40% over the comparable quarter of 2013.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use