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Stock Market & Financial Investment News

News Breaks
January 4, 2013
16:04 EDTCVX, XOM, STO, SUSuncor announces Hebron co-venturers sanction project
Suncor Energy (SU) confirmed that the Hebron co-venturers officially sanctioned the Hebron project on December 31. Suncor holds a 22.729% interest in the project. Hebron is an oil field located offshore Newfoundland and Labrador in the Jeanne d'Arc Basin 350 kilometres southeast of St. John's, the capital of Newfoundland and Labrador. The Hebron Project co-venturers are: ExxonMobil Canada Properties (XOM), Chevron Canada Resources (CVX), Suncor Energy, Statoil Canada (STO) and Nalcor Energy - Oil and Gas.
News For SU;XOM;CVX;STO From The Last 14 Days
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April 24, 2014
16:15 EDTSTODynagas LNG acquired Arctic Aurora for $235M
Dynagas LNG Partners (DLNG) announced that it has entered into an agreement to purchase from Dynagas Holding Ltd., the Partnership's sponsor, 100% of the ownership interests in the entity that owns and operates the Arctic Aurora, a 2013 built ice class liquefied natural gas carrier, for an aggregate purchase price of $235M. The Arctic Aurora acquisition is subject to the Partnership obtaining the funds necessary to pay the purchase price and the satisfaction of certain closing conditions. The Partnership expects to finance the acquisition with the net proceeds of a public offering of its common units and a portion of the borrowings under a new $340M senior secured revolving credit facility. The Partnership believes that the Arctic Aurora acquisition is an accretive transaction consistent with its growth strategy. The Arctic Aurora acquisition will generate, assuming full utilization, total contracted gross revenue of approximately $117.2M, annual gross revenues of approximately $28.3M and annual net cash from operations of approximately $21.7M, during the initial charter period with Statoil (STO). The board of the partnership and the Conflicts Committee of the Board have approved the Arctic Aurora acquisition.
April 22, 2014
07:30 EDTXOMExxon closes U.K. pipeline as police probe fuel robbery, Reuters says
Exxon Mobil closed one of the U.K's primary underground fuel pipelines after police discovered a stash of diesel they thought was siphoned off by robbers, according to Reuters, citing a statement from the police officers involved. Reference Link
April 16, 2014
18:38 EDTCVX, XOMFidelity Contrafund adds to Tesla position, Reuters says
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April 15, 2014
10:00 EDTSTOOn The Fly: Analyst Initiation Summary
Allscripts (MDRX) reinstated with an Outperform at Raymond James... Amber Road (AMBR) initiated with a Buy at Canaccord... Autonation (AN) coverage assumed with a Market Perform at Wells Fargo... BG Group (BRGYY) initiated with an Outperform at BMO Capital... Borderfree (BRDR) initiated with a Buy at Canaccord... Dean Foods (DF) initiated with a Buy at BB&T... Destination XL (DXLG) initiated with a Buy at Ascendiant... Group 1 Automotive (GPI) coverage assumed with a Market Perform at Wells Fargo... Halozyme (HALO) initiated with a Buy at Citigroup... MakeMyTrip (MMYT) initiated with a Neutral at Goldman... Penske Automotive (PAG) coverage assumed with a Market Perform at Wells Fargo... RPM (RPM) initiated with an Outperform at Wells Fargo... RSP Permian (RSPP) initiated with a Buy at KLR Group... Repligen (RGEN) initiated with a Buy at Jefferies... Spansion (CODE) initiated with a Buy at Sterne Agee... Statoil (STO) initiated with a Market Perform at BMO Capital... TPG Specialty Lending (TSLX) initiated with a Buy at BofA/Merrill... Versartis (VSAR) initiated with a Buy at Citigroup... WWE (WWE) initiated with a Buy at Needham... WebMD (WBMD) reinstated with a Strong Buy at Raymond James.
08:01 EDTSTOStatoil initiated with a Market Perform at BMO Capital
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