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Stock Market & Financial Investment News

News Breaks
August 1, 2014
07:30 EDTPXD, OXY, CHK, CVX, EOG, XOMU.S. oil and gas companies paying less in taxes amid shale boom, WSJ says
U.S. oil and gas companies have been paying less in federal income taxes as spending to drill in shale formations has allowed them to take advantage of incentives in the tax code for drilling and capital expenditures, reported The Wall Street Journal, citing data from the nonpartisan Taxpayers for Common Sense. Occidental Petroleum (OXY) has deferred the most U.S. income tax over the past five years among its peers, while Pioneer Natural Resources (PXD) and EOG Resources (EOG) were also mentioned in the report as having deferred large amounts of federal tax in recent years. Other companies mentioned in the report include Exxon Mobil (XOM), Chevron (CVX) and Chesapeake (CHK). Reference Link
News For OXY;XOM;CVX;PXD;EOG;CHK From The Last 14 Days
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April 22, 2015
07:14 EDTEOGEOG Resources initiated with a Buy at Nomura
Target $112.
07:14 EDTPXDPioneer Natural initiated with a Buy at Nomura
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07:13 EDTCHKChesapeake initiated with a Reduce at Nomura
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06:10 EDTXOMBP CEO says has no appetite for megamerger, FT reports
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April 21, 2015
12:59 EDTXOM, CVXExxon Mobil CEO sees continued pressure on oil prices, WSJ says
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10:01 EDTPXDOn The Fly: Analyst Downgrade Summary
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07:22 EDTCVXOceaneering cut to sell following recent rally at Jefferies
Jefferies downgraded Oceaneering (OII) to Underperform from Hold citing the recent rally in shares and its lowered order outlooks across its subsea hardware coverage. Underperform is the firm's equivalent to a sell rating. It cut its price target for shares to $49 from $52. Oceaneering closed Monday's trading up 45c to $57.56. Jefferies calls Chevron (CVX) and Galp Energia its top stock picks in the integrated oil sector.
06:24 EDTPXDPioneer Natural downgraded to Sell from Hold at Societe Generale
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April 20, 2015
10:43 EDTCHKStocks with call strike movement; AAL CHK
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09:36 EDTCVXActive equity options trading on open
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08:32 EDTXOMBofA/Merrill European strategists hold an analyst/industry conference call
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06:06 EDTCVXChevron to face off against lawyer in appears court, WSJ reports
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April 17, 2015
14:40 EDTXOMAnadarko weighs sale of Mozambique gas assets to Exxon, Reuters reports
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10:00 EDTPXD, EOGOn The Fly: Analyst Downgrade Summary
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08:29 EDTXOM, CVXU.S. may be at, or near, peak oil output, WSJ says
New data and forecasts suggest lower crude prices are finally prompting U.S. energy companies to cut back their crude output, according to The Wall Street Journal, citing reports from OPEC, the DOE and North Dakota. Publicly traded oil majors include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Publicly traded drillers and oil services companies include Baker Hughes (BHI), Diamond Offshore (DO), Halliburton (HAL), Nabors Industries (NBR), Noble Corp. (NE), Rowan Companies (RDC), Schlumberger (SLB), Transocean (RIG) and Weatherford (WFT). Reference Link
07:58 EDTEOG, EOGEOG Resources downgraded to Underperform from Outperform at CLSA
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07:58 EDTPXD, PXDPioneer Natural downgraded to Underperform from Outperform at CLSA
April 14, 2015
10:31 EDTCHKAELP says McClendon did not approve Chesapeake settlement
Aubrey McClendon and American Energy Partners, LP responded to the announcement by American Energy Utica and The Energy & Minerals Group that Chesapeake Energy (CHK) has dismissed AEU and the John Doe Defendants 1-20 from the lawsuit filed by Chesapeake on February 17. The statement read, "AEU apparently chose to settle with Chesapeake before any discovery was taken, evidently for the business purpose of mitigating further damage that Chesapeake's litigation has been having on AEU's business and financing activities. AEU has the right to resolve the case in this fashion, but this resolution should not be mistaken as reflecting an informed view of the merits of Chesapeake's claims or a concession of any liability by any party to Chesapeake. Although Mr. McClendon is a director and the single largest non-institutional shareholder in AEU, he did not approve the settlement and neither he nor AELP were advised of the negotiated terms of this settlement. AELP and Mr. McClendon will continue their efforts to have the dispute arbitrated as required by Mr. McClendon's agreements with Chesapeake. As he will show in the appropriate forum, Mr. McClendon rightfully possesses an extensive array of information about more than 16,000 wells, and the related leasehold acreage and future wells, he jointly owns with Chesapeake, including land, well, title, accounting, geological, engineering, reservoir, operating, marketing, and performance information. Mr. McClendon's well-documented agreements with Chesapeake gave him the right to own and use this information for his own purposes, including sharing it with his employees, contractors, advisors, consultants and affiliated entities."
10:16 EDTCHKAmerican Energy - Utica dismissed from Chesapeake lawsuit
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06:40 EDTXOM, CVXU.S. shale forecast, Yemen fighting lift oil prices, Reuters says
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