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Stock Market & Financial Investment News

News Breaks
March 18, 2014
07:56 EDTDVN, SWN, BHI, RRC, HAL, ECASeveral companies to benefit from higher gas demand, says Bernstein
Bernstein believes that higher natural gas production will be needed to replenish storage facilities following the exceptionally cold winter. The firm sees the following companies as most likely to benefit from this trend: Southwestern Energy (SWN), Encana (ECA), Range Resources (RRC), Devon Energy (DVN), Halliburton (HAL), and Baker Hughes (BHI). It keeps Outperform ratings on Baker Hughes, Halliburton, Range Resources, and Southwestern, and Market Perform ratings on Encana and Devon.
News For SWN;ECA;RRC;DVN;HAL;BHI From The Last 14 Days
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March 26, 2015
11:30 EDTHALStocks with call strike movement; HAL YHOO
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March 23, 2015
18:08 EDTDVNEnLink Midstream to acquire Victoria Express assets from Devon Energy
EnLink Midstream Partners (ENLK) announced that it has entered into an agreement to acquire the Victoria Express Pipeline and related truck terminal and storage assets from Devon Energy Corporation (DVN). Total consideration for the transaction is approximately $210M-$220M, including approximately $171M in cash, approximately 338,000 of the Partnership’s common units and EnLink’s assumption of approximately $30M-$40M in certain construction costs to expand the system to full capacity, subject to adjustments. The transaction, which is expected to close on or about April 1, subject to the satisfaction of certain conditions, is expected to be immediately accretive to the Partnership.
15:56 EDTBHI, HALSuperior Energy interested in Halliburton, Baker Hughes assets, Bloomberg says
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14:07 EDTSWNSouthwestern Energy CEO says 'don't have for sale sign up'
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March 20, 2015
16:07 EDTSWNSouthwestern Energy announces sale of conventional assets in East Texas, Arkoma
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13:02 EDTBHIBaker Hughes reports U.S. rig count down 56 to 1069
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09:22 EDTHAL, BHIHalliburton, Baker Hughes to seek buyers for $10B in assets, Bloomberg says
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07:19 EDTHAL, BHIWhite House expected to unveil fracking rules today, WSJ says
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March 19, 2015
10:02 EDTSWNOn The Fly: Analyst Downgrade Summary
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08:53 EDTSWNSouthwestern Energy downgraded to Neutral from Buy at Sterne Agee
Sterne Agee downgraded Southwestern due to equity dilution, the sharp increase in its debt in early 2015, and deteriorating U.S. natural gas price outlook.
08:32 EDTSWNSouthwestern Energy sells gathering assets in Northeast Pennsylvania for $500M
Southwestern Energy has executed a definitive purchase and sale agreement with Howard Midstream Energy Partners to sell Southwestern Energy's gathering assets located in Bradford and Lycoming counties in northeastern Pennsylvania for $500M. The assets include approximately 100 miles of natural gas gathering pipeline, with nearly 600 million cubic feet per day of capacity. The proceeds from the transaction will be used to substantially repay borrowings under Southwestern Energy's $500M term loan facility that matures in December 2016. The transaction is expected to close in Q2.
March 18, 2015
10:00 EDTECAOn The Fly: Analyst Upgrade Summary
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07:04 EDTECAEncana upgraded to Buy from Hold at Desjardins
March 17, 2015
10:00 EDTSWNOn The Fly: Analyst Upgrade Summary
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09:13 EDTSWNSouthwestern Energy upgraded to Buy from Neutral at Global Hunter
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March 16, 2015
10:21 EDTHALHalliburton falls, heads for test of support
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March 13, 2015
13:03 EDTBHIBaker Hughes reports U.S. rig count down 67 to 1125
Baker Hughes says the U.S. Rig Count is down 67 rigs from last week to 1125, with oil rigs down 56 to 866, gas rigs down 11 to 257, and miscellaneous rigs unchanged at 2. Says the U.S. Rig Count is down 684 rigs from last year at 1809, with oil rigs down 595, gas rigs down 87, and miscellaneous rigs down 2. The U.S. Offshore rig count is 48, down 3 rigs from last week, and down 6 rigs year over year. The Canadian Rig Count is down 80 rigs from last week to 220, with oil rigs down 65 to 85, and gas rigs down 15 to 135.

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