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Stock Market & Financial Investment News

News Breaks
August 21, 2014
07:38 EDTROSERosetta Resources upgraded to Accumulate from Hold at KLR Group
KLR Group upgraded Rosetta Resources to Accumulate with a $59 price target citing solid Eagle Ford execution.
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December 17, 2014
05:11 EDTROSERosetta Resources sees FY15 production 76-82 MBoe/d
Rosetta expects FY15 production to range from 7682 thousand barrels of oil equivalent per day, or MBoe/d. The average oil ratio is expected to be approximately 27%. As part of Rosetta's ongoing risk management, the company recently placed additional hedges for its 2015 forecasted crude oil production. The company added roughly 7,000 barrels of oil per day in the form of costless collars with an average Louisiana Light Sweet, or LLS, floor price of $55 per barrel and an average ceiling of approximately $85 per barrel. Rosetta expects direct lease operating expense, or LOE, unit costs to average from $2.95$3.20 per Boe in 2015. Total LOE, including direct LOE, workover expenses and insurance are anticipated to approximately range from $4.50$4.85 per Boe in 2015.
05:11 EDTROSERosetta Resources sees FY15 capital spending $700M-$800M
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