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Stock Market & Financial Investment News

News Breaks
June 25, 2014
08:29 EDTPTR, CEO, BHP, SHIBofA/Merrill Asian LNG market analysts hold a conference call
Regional Head of Asia Pacific Oil & Gas, China Large Cap Oils Sonia Song discuss the Asian LNG Market outlook and the opportunities from oversupply on an Analyst/Industry conference call to be held on June 25 at 9 am.
News For PTR;CEO;BHP;SHI From The Last 14 Days
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October 30, 2014
10:02 EDTCEOOn The Fly: Analyst Downgrade Summary
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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.
October 28, 2014
13:41 EDTPTRPetroChina upgraded to Overweight from Equal Weight at Morgan Stanley
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07:28 EDTCEOCNOOC division signs contract with Genoil to build $700M refinery
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October 27, 2014
07:28 EDTBHPBHP Billiton says could sell Fayetteville shale gas assets
BHP CEO Andrew Mackenzie said in a statement, "As we look to improve the balance of liquids and gas across our Petroleum portfolio we have initiated the marketing our Fayetteville acreage. However, we will only divest the field if it maximizes value for shareholders."
October 24, 2014
05:42 EDTCEOCNOOC announces new discovery Jinzhou 23-2 in Bohai
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October 23, 2014
06:44 EDTCEO, PTRChina 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
17:58 EDTBHPBHP Billiton Q1 iron-ore output up 17% YoY to 57.09 tons
17:56 EDTBHPBHP Billiton Q1 copper output down 3% YoY to 389,400 tons
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10:00 EDTBHPOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AbbVie (ABBV) downgraded to Neutral from Buy at Guggenheim... BHP Billiton (BHP) downgraded to Hold from Buy at Jefferies... Bank of Marin (BMRC) downgraded to Market Perform from Outperform at Keefe Bruyette... Cobalt (CIE) downgraded to Speculative Buy from Buy at Global Hunter... Consolidated Edison (ED) downgraded to Underweight at Morgan Stanley... Deutsche Post (DPSGY) downgraded to Hold from Buy at Deutsche Bank... HCP (HCP) downgraded to Hold from Buy at Jefferies... IBM (IBM) downgraded to Hold from Buy at Evercore... Inland Real Estate (IRC) downgraded to Underperform from Neutral at BofA/Merrill... PerkinElmer (PKI) downgraded to Neutral from Buy at Janney Capital... Philips (PHG) downgraded to Neutral at UBS... QEP Midstream Partners (QEPM) downgraded to Market Perform at Wells Fargo... Rent-A-Center (RCII) downgraded to Market Perform from Outperform at Raymond James... Rhino Resources (RNO) downgraded to Underperform from Market Perform at Raymond James... Universal Forest (UFPI) downgraded to Neutral from Buy at Sterne Agee.
05:31 EDTBHPBHP Billiton downgraded to Hold from Buy at Jefferies
Jefferies downgraded BHP Billiton to Hold saying it sees limited near-term upside after cutting its commodities price estimates.

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