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Stock Market & Financial Investment News

News Breaks
June 4, 2014
08:36 EDTTRP, APA, CVXTransCanada to proceed with $1.9B Merrick Mainline Pipeline Project
TransCanada (TRP) announced that its wholly-owned subsidiary, NOVA Gas Transmission has signed agreements with Chevron (CVX) Canada Limited and an Apache (APA) Canada wholly-owned and controlled partnership for approximately 1.9B cubic feet per day of firm natural gas transportation services to underpin the development of a major extension of TransCanada's NGTL System. The proposed Merrick Mainline Pipeline Project will be a significant new link in British Columbia's emerging liquefied natural gas export market. The pipeline will transport natural gas sourced through the NGTL System to the inlet of CVX/APA's proposed Pacific Trail Pipeline that will terminate at the Kitimat LNG Terminal at Bish Cove near Kitimat. The proposed project will be an extension from the existing Groundbirch Mainline section of the NGTL System beginning near Dawson Creek, B.C. to its end point near the community of Summit Lake, B.C. The $1.9B project will consist of approximately 260 kilometres of 48-inch diameter pipe. Under the commercial arrangements with CVX/APA, delivery volumes will ramp up between 2020 and 2022 to an aggregate volume of approximately 1.9 Bcf/d. NGTL is also in discussions with other parties that have expressed interest in transporting natural gas on the Merrick Mainline.
News For TRP;CVX;APA From The Last 14 Days
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February 25, 2015
09:27 EDTTRPTC PipeLines to hold a conference call
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08:13 EDTTRPTransCanada agrees to sell remaining 30% interest in GTN to TC PipeLines
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08:07 EDTTRPTC PipeLines to purchase remaining 30% of GTN from TransCanada for $446M
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06:45 EDTCVXSaudi minister says demand for oil rising, Reuters reports
The price for Brent oil was little changed around $59 per barrel early this morning after Saudi Arbaia's energy minister said that demand for petroleum was increasing, according to Reuters. The minister added that oil markets "are calm now, Reuters added. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
February 24, 2015
15:29 EDTTRPPresident vetoes attempt to force TransCanada Keystone approval, Bloomberg says
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10:00 EDTCVXOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AMC Networks (AMCX) downgraded to Neutral from Outperform at Macquarie... American Airlines (AAL) downgraded to Market Perform at Cowen... Armstrong World (AWI) downgraded to Hold from Buy at KeyBanc... Basic Energy (BAS) downgraded to Outperform from Strong Buy at Raymond James... CSC (CSC) downgraded at Stifel... Chevron (CVX) downgraded to Perform from Outperform at Oppenheimer... Choice Hotels (CHH) downgraded to Underweight from Equal Weight at Barclays... Eni SpA (E) downgraded to Underperform from Hold at Jefferies... Fifth Street Asset (FSAM) downgraded to Neutral from Outperform at Credit Suisse... HSBC (HSBC) downgraded to Neutral from Buy at UBS... Home Loan Servicing (HLSS) downgraded to Neutral from Overweight at Piper Jaffray... Huntington Ingalls (HII) downgraded to Underperform from Neutral at Credit Suisse... International Paper (IP) downgraded to Hold from Buy at Deutsche Bank... Kayne Anderson (KED) downgraded at Stifel... Landstar System (LSTR) downgraded to Hold from Buy at Deutsche Bank... Multi-Color (LABL) downgraded to Neutral from Long-Term Buy at Hilliard Lyons... Newmont Mining (NEM) downgraded to Neutral from Overweight at HSBC... ONEOK Partners (OKS) downgraded to Underweight from Neutral at JPMorgan... ONEOK (OKE) downgraded to Underweight from Neutral at JPMorgan... Olympic Steel (ZEUS) downgraded to Underperform from Neutral at Credit Suisse... Polypore (PPO) downgraded to Market Perform from Outperform at William Blair... Rosetta Resources (ROSE) downgraded to Equal Weight from Overweight at Stephens... Salix (SLXP) downgraded to Neutral from Buy at UBS... Sprint (S) downgraded to Sell from Neutral at BTIG... St. Jude Medical (STJ) downgraded to Underperform from Outperform at Credit Suisse... Timmins Gold (TGD) downgraded on lack of near-term production catalysts at RBC Capital... Transocean Partners (RIGP) downgraded to Underweight from Equal Weight at Barclays... Vodafone (VOD) downgraded to Underperform from Neutral at BofA/Merrill... Williams Partners (WPZ) downgraded to Neutral from Buy at Citigroup... Williams (WMB) downgraded to Neutral from Buy at Citigroup... Worthington (WOR) downgraded to Neutral from Outperform at Credit Suisse... Zillow Group (Z) downgraded at Macquarie.
07:31 EDTCVXChevron downgraded on oil pirce, valuation at Oppenheimer
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06:13 EDTCVXChevron downgraded to Perform from Outperform at Oppenheimer
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February 23, 2015
13:45 EDTCVXOpec may call emergency meeting if crude continues slide, FT says
According to Diezani Alison-Madueke, Nigeria's oil minister, Opec members have discussed holding an emergency meeting if crude prices continue to tumble, says the Financial Times. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT).
February 22, 2015
13:55 EDTCVXChevron relinquishes Romanian shale-gas interests, WSJ says
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11:59 EDTCVXUSW to expand ULP oil strike
The United Steelworkers, USW, announced that it will expand its unfair labor practice strike, ULP, by launching a work stoppage tonight at midnight at the Motiva Enterprises refinery in Port Arthur, Texas. This refinery, a 50-50 joint venture between Shell Oil Company and Saudi Refining, produces more than 600,000 barrels per day. In addition, 24 hour strike notices were delivered at Motiva’s two Louisiana refineries in Convent and Norco as well as at the Shell Chemical plant in Norco. Capacity at these facilities is 235,000 and 238,000. These refineries are also jointly operated by Royal Dutch Shell and Saudi Refining, Inc. of Saudi Arabia. “The industry’s refusal to meaningfully address safety issues through good faith bargaining gave us no other option but to expand our work stoppage,” said USW International President Leo W. Gerard. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
February 19, 2015
06:58 EDTCVXU.S. oil prices tumble after inventory data released, Reuters says
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February 18, 2015
09:37 EDTAPAOption volume leaders on open
Option volume leaders: AAPL TSLA TWTR CELG APO NFLX AXP APA LNKD C GILD according to Track Data.
February 17, 2015
06:58 EDTCVXBrent oil reaches $62 per barrel, Reuters reports
Driven higher by Middle East turbulence, the price of brent crude oil reached $62 per barrel today, close to its 2015 high, according to Reuters. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
February 16, 2015
11:21 EDTCVXChevron reaches settlement with principal funder of lawsuit in Ecuador
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February 15, 2015
16:32 EDTCVXInvestors should avoid Exxon, Chevron, ConocoPhillips, Shell, Barron's says
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February 13, 2015
08:07 EDTTRPTransCanada raises quarterly dividend to C$0.52 per share from C$0.48c per share
TransCanada announced that the board of TransCanada declared a quarterly dividend of C$0.52 per common share for the quarter ending March 31, on the company's outstanding common shares. This is an increase of eight per cent over the C$0.48 dividend per share paid in each of the previous four quarters. The common share dividend is payable on April 30, to shareholders of record at the close of March 31.
08:06 EDTTRPTransCanada invested $2.4B in Keystone XL as of Dec. 31, 2014
08:05 EDTTRPTransCanada reports Q4 EPS C$0.72 vs. C$0.58 last year
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07:31 EDTAPAApache upgraded to Neutral from Underperform at BofA/Merrill
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