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Stock Market & Financial Investment News

News Breaks
November 8, 2012
10:36 EDTSTO, WLLStatoil denies speculation about bidding on Whiting Petroleum, Reuters reports
Statoil (STO) says speculation about its interest in Whiting Petroleum (WLL) is "unfounded and wrong," Reuters reports. Benzinga.com previously indicated that Statoil was considering a bid of $65 per share for Whiting. Reference Link
News For STO;WLL From The Last 14 Days
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March 3, 2015
10:00 EDTSTOOn The Fly: Analyst Upgrade Summary
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07:55 EDTSTOStatoil upgraded to Buy from Accumulate at Tudor Pickering
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February 27, 2015
09:47 EDTSTOStatoil submits Peregrino phase II development plan
Following the sanction of the Peregrino phase 2 project in December, Statoil together with its partner Sinochem submitted the plan of development to the National Agency of Petroleum, Natural Gas and Biofuels in Rio de Janeiro on January 30. The project entails a new well head platform and drilling rig and adds approximately 250M barrels in recoverable resources to Peregrino field. The project entails investments of approximately $3.5B. The Peregrino field has a good track record, with more than 90M barrels produced since first oil in April 2011. Based on the current plan, Peregrino Phase II is expected to start production towards the end of the decade, but Statoil will make adjustments to the schedule should that be necessary. The current solution consists of a wellhead platform with a drilling unit tied-back to the existing FPSO Peregrino. The facilities contains standalone power generation and will export power to WHP-A. A total of 21 wells -- 15 oil producers and 6 water injectors -- are planned to be drilled as part of the Phase II development. The expected recoverable resources from the Phase II development within the concession period until end of 2040 are 250M barrels.
February 25, 2015
16:07 EDTWLLWhiting Petroleum sees 2015 production 59.00-59.70 MMBOE
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16:07 EDTWLLWhiting Petroleum sees Q1 production 14.45-14.85 MMBOE
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16:04 EDTWLLWhiting Petroleum reports Q4 adjusted EPS 44c, consensus 49c
Reports Q4 revenue $696.1M, consensus $740.54M. Reports Q4 production of 131,260 BOE/d, up 13% over Q3 2014. Reports proved reserves up 78% to 780.3 MMBOE.
11:12 EDTWLLWhiting Petroleum volatility elevated into Q4 and outlook
Whiting Petroleum March call option implied volatility is at 78, April is at 69, May is at 80; compared to its 26-week average of 47 according to Track Data, suggesting larger near term price movement into the expected release of Q4 results after the market close today.

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