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Stock Market & Financial Investment News

News Breaks
January 14, 2013
05:55 EDTPWE, PWE, PWE, TGA, TGA, TGA, IVAN, IVAN, IVAN, IMO, IMO, IMO, ERF, ERF, ERF, ENB, ENB, ENB, CVE, CVE, CVE, CNQ, CNQ, CNQ, BTE, BTE, BTE, PBA, PBA, PBA, TRP, TRP, TRPTD Securities to host a conference
London Energy Conference is being held in London on January 14-16.
News For PWE;PBA;BTE;CNQ;CVE;ENB;ERF;IMO;IVAN;TGA;TRP From The Last 14 Days
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February 11, 2016
07:42 EDTTRPTransCanada proceeding with $13B of growth opportunities in-service by FY18
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07:41 EDTTRPTransCanada reports Q4 comparable EPS C$0.64 vs C$0.72 last year
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06:28 EDTCVECenovus Energy cutting dividend by 69% to C$0.05 per share
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06:27 EDTCVECenovus Energy to reduce workforce in FY16
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06:26 EDTCVECenovus Energy to defer scheduled turnaround at Foster Creek until 2017
Cenovus has identified further opportunities to reduce operating and G&A expenses by prioritizing repairs and maintenance and cancelling or deferring non-essential work, including the deferral of a scheduled turnaround at Foster Creek until 2017. The company plans to continue optimizing its processes to help realize greater efficiencies and is working with its suppliers and service providers to find additional opportunities to reduce costs and increase productivity.
06:26 EDTCVECenovus Energy to reduce capital spending by C$200M-C$300M
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06:26 EDTCVECenovus Energy cuts FY16 CapEx view to $1.2B-$1.3B, backs production view
Cenovus Energy is reducing planned capital spending by $200M-$300M compared with the company's original 2016 budget released in December. Cenovus now plans to spend $1.2B-$1.3B, 27% less than in 2015 and 59% below 2014 levels. The company is also targeting additional operating and G&A cost savings of $200M in 2016 to match expected activity levels. Planned capital budget reductions for 2016 include lower spending at Cenovus's Foster Creek and Christina Lake oil sands operations, its emerging oil sands assets and the company's conventional oil business. The planned capital spending reductions are expected to have minimal impact on the company's oilsands production for 2016, which is forecast to remain within guidance, at between 144K bbls/d and 157K bbls/d net.
06:23 EDTCVECenovus Energy reports Q4 EPS (C$0.53) vs. (C$0.78) last year
Reports Q4 production 199,556 bbls/d.
06:23 EDTCVECenovus Energy cuts dividend 69% to C$0.05 per share
Cenovus Energy is reducing its dividend by 69% from 4Q15. For 1Q16, the board has declared a dividend of C$0.05 per share, payable on March 31 to common shareholders of record as of March 15. Based on the February 10 closing share price on the TSE of C$13.52, this represents an annualized yield of about 1.5%.
06:21 EDTCVECenovus Energy reports Q4 operating EPS (53c), consensus (21c)
Reports Q4 total oil production of 199,556 bbls/d and natural gas production of 424 MMcf/d. Oil sands operating costs declined $3.37/bbl or 25% to $10.13/bbl in 2015. This included a 19% decrease in non-fuel operating costs to $7.66/bbl.
February 4, 2016
10:01 EDTENBOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Anglo Platinum (AGPPY) downgraded to Neutral from Overweight at JPMorgan... Buffalo Wild Wings (BWLD) downgraded to Neutral from Buy at Longbow... Changyou.com (CYOU) downgraded to Neutral from Outperform at Credit Suisse... Enbridge (ENB) downgraded to Neutral from Outperform at Credit Suisse... Esterline (ESL) downgraded to Hold at Drexel Hamilton... Franco-Nevada (FNV) downgraded to Neutral from Outperform at Credit Suisse... GoPro (GPRO) downgraded on results, guidance at Sterne Agee CRT... Heat Biologics (HTBX) downgraded to Speculative Buy from Buy at Cantor... Illumina (ILMN) downgraded to Hold from Buy at Canaccord... Intrawest Resorts (SNOW) downgraded to Neutral from Outperform at Macquarie... Match Group (MTCH) downgraded to Equal Weight from Overweight at Barclays... Memorial Resource (MRD) downgraded to Hold from Accumulate at Tudor Pickering... Pacific Biosciences (PACB) downgraded to Neutral from Overweight at Piper Jaffray... Peabody (BTU) downgraded to Underperform from Market Perform at FBR Capital... Peak Resorts (SKIS) downgraded to Underperform from Neutral at Macquarie... PennyMac Mortgage (PMT) downgraded to Market Perform from Outperform at Wells Fargo... Petrobras (PBR) downgraded to Underweight from Neutral at JPMorgan... Sensata (ST) downgraded to Neutral from Overweight at Atlantic Equities... Shutterfly (SFLY) downgraded to Neutral from Buy at BofA/Merrill... Star Bulk Carriers (SBLK) downgraded to Neutral from Speculative Buy at Seaport Global... Synchronoss (SNCR) downgraded at Stifel... Wabtec (WAB) downgraded to Neutral from Buy at Goldman.
07:40 EDTENBEnbridge downgraded to Neutral from Outperform at Credit Suisse
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February 3, 2016
10:32 EDTTRPTransCanada to create up to 120 new jobs in Quebec with ABB agreement
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06:07 EDTERFEnerplus completes sale of Canadian natural gas assets for $183M
Enerplus has completed one of the divestments of certain Canadian natural gas properties for cash proceeds of approximately $183M, before closing adjustments. Proceeds from this transaction were used to reduce the company's outstanding indebtedness. Production from the properties divested under this transaction was expected to average approximately 4,700 BOE/day, 97% natural gas, in 2016. The second transaction relating to the divestment of additional Canadian natural gas properties is expected to close during Q1.
February 2, 2016
16:35 EDTTRPTransCanada to announce major supply agreement with international firm
TransCanada invites members of the media to attend a press conference to announce the signing of a major supply agreement with an international firm. The agreement will mean jobs for Quebec stemming from the development of the Energy East Pipeline Project.
February 1, 2016
06:34 EDTTRPTransCanada needs to 'do its homework' to win Energy East permit, Reuters says
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