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March 18, 2014
07:56 EDTBHI, RRC, HAL, ECA, DVN, SWNSeveral 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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August 27, 2015
10:00 EDTSWNOn The Fly: Analyst Initiation Summary
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06:29 EDTSWNSouthwestern Energy at Wellington Shields
August 26, 2015
12:47 EDTBHI, HALOn The Fly: Top stock stories at midday
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10:57 EDTBHI, HALEuropean oilfield service names boosted by M&A speculation, says JPMorgan
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10:00 EDTBHIOn The Fly: Analyst Upgrade Summary
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09:20 EDTBHIBaker Hughes upgraded to Conviction List from Outperform at Iberia
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07:58 EDTHALC&J Energy downgraded to Neutral from Overweight at JPMorgan
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August 25, 2015
06:03 EDTECAEncana agrees to sell Haynesville assets for $850M
Encana announced that its wholly-owned subsidiary, Encana Oil & Gas, has reached an agreement to sell its Haynesville natural gas assets, located in northern Louisiana, to GEP Haynesville, a joint venture formed by GeoSouthern Haynesville, LP and funds managed by GSO Capital Partners LP. Total cash consideration to Encana under the transaction is $850M. In addition, through the transfer of current and future obligations, Encana will reduce its gathering and midstream commitments, which will be substantially complete through 2020, by approximately $480M on an undiscounted basis. Further, Encana will transport and market GeoSouthern's Haynesville production on a fee for service basis for the next five years. Encana will use the total cash consideration to reduce its net debt, further strengthening its balance sheet. Consistent with its strategy, Encana remains focused on growing high margin production. Over 80% of 2015 capital will be invested in the company's four most strategic assets in the Permian, Eagle Ford, Duvernay and Montney. During the first half of 2015, Encana's Haynesville assets produced an average 217 mmcf/d, contributed approximately 9% to companywide production and less than 2.5% to Encana's first half operating cash flow, excluding hedges. The sale of Encana's Haynesville assets is subject to satisfaction of normal closing conditions, as well as regulatory approvals and post-closing adjustments, and is expected to close in Q4 with an effective date of January 1.
August 21, 2015
13:05 EDTBHIBaker Hughes reports U.S. rig count up 1 to 885
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12:22 EDTDVNChanos say still short Exploration & Production space
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August 18, 2015
07:29 EDTSWNEnerCom to hold a conference
The Oil & Gas Conference is being held in Denver, Colorado on August 16-20 with webcasted company presentations to begin on August 18 at 10:00 am; not all company presentations may be webcasted. Webcast Link
August 17, 2015
07:46 EDTRRCEnerCom to hold a conference
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August 14, 2015
16:44 EDTDVNThird Point gives quarterly update on stakes
NEW STAKES: Baxter (BAX), T-Mobile (TMUS), Sealed Air (SEE), Devon (DVN), and Perrigo (PRGO). INCREASED STAKES: SunEdison (SUNE), Dow Chemical (DOW), Mohawk (MHK), Yum! Brands (YUM), and IAC/InterActiveCorp (IACI). DECREASED STAKES: Ally Financial (ALLY), Amgen (AMGN), Sensata (ST), Masco (MAS), and Delta (DAL). LIQUIDATED STAKES: Dollar General (DG), McKesson (MCK), Edgewell Personal Care (EPC), Maxim (MXIM), and FleetCor (FLT).
13:56 EDTBHI, HALU.S. greenlights crude oil export swaps with Mexico
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13:03 EDTBHIBaker Hughes reports U.S. rig count unchanged at 884 rigs
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10:02 EDTDVNOn The Fly: Analyst Downgrade Summary
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09:04 EDTDVNDevon Energy downgraded to Outperform from Focus List at Scotia Howard Weil

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