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Stock Market & Financial Investment News

News For NXY;AIG;CEO;AONE From The Last 14 Days
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October 29, 2014
16:12 EDTCEOCNOOC downgraded to Hold from Buy at Jefferies
05:43 EDTCEOCNOOC reports Q3 oil and gas sales revenue down 4.6% to about RMB 53.57B
In Q3, CNOOC achieved total net production of 103 MBOE, basically flat year-on-year. Production growth in Bohai offshore China remained steady, while overseas production fell slightly primarily due to scheduled maintenance at the Buzzard oilfield in the UK North Sea. During the period, the company made 1 new discovery and drilled 9 successful appraisal wells in offshore China including the mid-to-large sized discovery Jinzhou 23-2 that has excellent reservoir quality. Following the successful appraisal of Luda 21-2 structure, it is expected to be developed into a large-sized oilfield. In addition, the company and its partner Shell made a large-sized deepwater gas discovery Leopard offshore Gabon. In the third quarter, Enping 24-2 commenced production while other projects are progressing on schedule. In Q3, the unaudited oil and gas sales revenue of the company reached approximately RMB 53.57B, down 4.6% YoY. The company's average realized oil price was $98.98 per barrel, down 6.8% YoY. The company's average realized natural gas price was $6.61 per thousand cubic feet, an increase of 21.7% YoY, mainly due to the company implementing a price increase on part of the user base in China and the price increase of overseas natural gas. During the period, the company's capital expenditures reached approximately RMB 26.33B, up 19.6%, mainly due to the increase in the number of development projects and higher exploration costs on overseas deepwater projects.
05:03 EDTNXYChevron sanctions Stampede project in deepwater U.S. Gulf of Mexico
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October 28, 2014
07:28 EDTCEOCNOOC division signs contract with Genoil to build $700M refinery
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October 24, 2014
05:42 EDTCEOCNOOC announces new discovery Jinzhou 23-2 in Bohai
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October 23, 2014
06:44 EDTCEOChina to raise energy resource tax, Xinhua reports
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October 22, 2014
05:42 EDTCEOShell announces Gabon deep-water gas discovery
Shell (RDS.A, RDS.B)announced a frontier exploration discovery offshore Gabon, West Africa. The well Leopard-1 encountered a substantial gas column with around 200 metres net gas pay in a pre-salt reservoir. Leopard-1 is located around 145 kilometres off the Gabonese coast, west of Gamba. It was drilled in water 2,110 metres deep to a total vertical depth of 5,063 metres. Shell and partners are planning to undertake an appraisal programme to further determine the resource volumes. Leopard-1 was drilled in license BCD10, operated by Shell. Second partner in the venture is CNOOC (CEO). This frontier discovery follows recent deep water exploration successes in the heartlands for Shell Exploration in the Gulf of Mexico and Malaysia.
October 21, 2014
14:09 EDTAIGThird Point discloses new positions in eBay, Alibaba, exit from Sony
In its Q3 investor letter, Third Point says it established a "significant" position in eBay (EBAY). Dan Loeb's hedge fund also revealed it has established a significant direct investment in Alibaba (BABA) shares now that the company is public. Third Point also said it is now one of Amgen's (AMGN) largest shareholders. During the quarter, Third Point exited its position in Sony (SNE) and reduced or exited other positions, including AIG (AIG), Hertz (HTZ) and Softbank (SFTBF), the firm stated in its letter. PRICE ACTION: Following the disclosures in the Third Point letter, Amgen is up 4%, eBay is up 2.3% and Alibaba is up 3.8%, while Sony shares trading in New York are down nearly 1%.
October 20, 2014
06:38 EDTAIGAIG upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank upgraded AIG to Buy citing valuation following the recent pullback in shares. Deutsche believes concerns that Starr International could succeed in its trial against the U.S. Government are overblown. It raised its price target for AIG shares to $60 from $59.
October 17, 2014
08:14 EDTAIGAIG unlikely to be forced to indemnify government, says Bernstein
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