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Stock Market & Financial Investment News

News Breaks
March 11, 2013
06:01 EDTSYRGSynergy Resources announces operations update in Wattenberg Field
Synergy Resources announces operations update in the Wattenberg Field.During Synergy's fiscal second quarter which ended February 28, the company successfully completed and brought into production 22 vertical wells in the Wattenberg Field. Of the 22 operated wells, twenty were completed in the Codell formation, one commingled in the Codell/Niobrara, and one in the Greenhorn formation. Six of the wells were brought into production during December and January, the remaining 16 wells came on line the third week of February. Synergy's owns a 100% working interest in these wells. Additionally, Synergy continues to participate in both vertical and horizontal wells as a non-operator with various operators throughout the D-J Basin.
News For SYRG From The Last 14 Days
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October 30, 2014
16:55 EDTSYRGSynergy Resources announces $125M purchase agreement for Wattenberg Field assets
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October 28, 2014
07:34 EDTSYRGSynergy Resources sees FY15 CAPEX $200M-$225M
Management anticipates updated CAPEX spending of $200M-$225M on the following programs with the vast majority of the drilling expenditures weighted towards the horizontal drilling program in the core of the Wattenberg Field. The company anticipates funding this program with cash on hand, cash flow from operations, proceeds from the exercise of warrants and increased use of its borrowing base on its $300M credit facility. Following is a breakdown of the company's capex plans excluding acquisitions. Sees $150M-$160M to drill operated horizontal wells in the Wattenberg Field; $30M-40M to participate as a non-operator in horizontal wells; $10M for drilling in the Northeast Wattenberg Extension Area and in Nebraska; $10M-$15M for land leasing.
07:33 EDTSYRGSynergy Resources reports Q4 EPS 13c, consensus 13c
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October 27, 2014
10:00 EDTSYRGOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Abraxas Petroleum (AXAS) downgraded to Hold from Buy at Stifel... Anadarko (APC) downgraded to Neutral from Buy at Goldman... Basic Energy (BAS) downgraded to Sell from Buy at Goldman... Cabot Oil & Gas (COG) downgraded to Sector Perform from Outperform at Howard Weil... Coca-Cola (KO) downgraded to Neutral from Buy at Buckingham... CommScope (COMM) downgraded at BofA/Merrill... Concho Resources (CXO) downgraded to Hold from Buy at Stifel... Consolidated Communications (CNSL) downgraded to Market Perform at Raymond James... Continental Resources (CLR) downgraded to Neutral from Buy at Goldman... Covanta (CVA) assumed with a Neutral from Outperform at Macquarie... DCP Midstream (DPM) downgraded to Neutral from Buy at Goldman... Denbury Resources (DNR) downgraded to Hold from Buy at Stifel... Diamond Offshore (DO) downgraded to Sell from Neutral at Goldman... Diana Shipping (DSX) downgraded to Hold from Buy at Deutsche Bank... EP Energy (EPE) downgraded to Neutral from Buy at Goldman... EZchip (EZCH) downgraded to Neutral from Buy at Chardan... Emerge Energy (EMES) downgraded to Neutral from Buy at Goldman... Encore Wire (WIRE) downgraded to Neutral from Buy at DA Davidson... Enduro Royalty Trust (NDRO) downgraded to Neutral from Buy at Goldman... First Niagara (FNFG) downgraded to Sector Perform from Outperform at RBC Capital... GOL Linhas (GOL) downgraded to Neutral from Buy at BofA/Merrill... Goodrich Petroleum (GDP) downgraded to Hold from Buy at Stifel... Halliburton (HAL) downgraded to Buy from Conviction Buy at Goldman... Home Loan Servicing (HLSS) downgraded to Neutral from Buy at Citigroup... ICON plc (ICLR) downgraded to Equal Weight from Overweight at Barclays... IHS Inc. (IHS) downgraded to Equal Weight from Overweight at Barclays... Jones Energy (JONE) downgraded to Hold from Buy at Stifel... Laredo Petroleum (LPI) downgraded to Sell from Neutral at Goldman... Lloyds Banking (LYG) downgraded to Underperform from Hold at Jefferies... Midcoast Energy (MEP) downgraded to Neutral from Buy at Goldman... PDC Energy (PDCE) downgraded to Hold from Buy at Stifel... PNC Financial (PNC) downgraded at Sterne Agee... Parsley Energy (PE) downgraded to Sell from Neutral at Goldman... Patterson-UTI (PTEN) downgraded to Neutral from Conviction Buy at Goldman... Pioneer Energy (PES) downgraded to Neutral from Buy at Goldman... Precision Castparts (PCP) downgraded at RBC Capital... Royal Gold (RGLD) downgraded to Neutral from Overweight at HSBC... SM Energy (SM) downgraded to Hold from Buy at Stifel... Sanchez Energy (SN) downgraded to Hold from Buy at Stifel... Scorpio Bulkers (SALT) downgraded to Hold from Buy at Deutsche Bank... Synergy Resources (SYRG) downgraded to Hold from Buy at Stifel... Ventas (VTR) downgraded to Neutral from Buy at UBS... Whiting Petroleum (WLL) downgraded to Hold from Buy at Stifel... Zumiez (ZUMZ) downgraded to Neutral from Buy at DA Davidson.
06:18 EDTSYRGSynergy Resources downgraded to Hold from Buy at Stifel
Stifel downgraded Synergy Resources and others in the Exploration & Production space to Hold citing continued downside risk to oil prices. The firm believes it is too early for value investors to buy oil stocks.

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