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Stock Market & Financial Investment News

News Breaks
June 4, 2014
08:36 EDTTRP, CVX, APATransCanada 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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October 31, 2014
09:10 EDTCVXOn The Fly: Pre-market Movers
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08:33 EDTCVXChevron reports Q3 worldwide net oil equivalent product 2.57M barrels per day
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08:31 EDTCVXChevron reports Q3 EPS $2.95, consensus $2.55
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October 30, 2014
15:41 EDTCVXNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Exxon Mobil (XOM), consensus $1.73; Chevron (CVX), consensus $2.56; AbbVie (ABBV), consensus 77c; NextEra Energy (NEE), consensus $1.55; Dominion Resources (D), consensus 96c; Aon plc (AON), consensus $1.12; Weyerhaeuser (WY), consensus 30c; Clorox (CLX), consensus $1.03; Rockwell Collins (COL), consensus $1.27; Newell Rubbermaid (NWL), consensus 55c; Pinnacle West (PNW), consensus $2.15; Legg Mason (LM), consensus 0c; TECO Energy (TE), consensus 32c; Oshkosh (OSK), consensus 82c; Hilton Worldwide (HLT), consensus 17c; Genesee & Wyoming (GWR), consensus $1.17; Spirit AeroSystems (SPR), consensus 74c; Madison Square Garden (MSG), consensus 32c; Magellan Midstream (MMP), consensus 66c.
09:45 EDTTRPTransCanada to hold a simultaneous news briefing in Toronto & Quebec City
Management provides an update on its application to be filed today with the National Energy Board of Canada for the proposed Energy East Pipeline Project in a simultaneous news conference in Toronto and Quebec City on October 30 at 10:30 am. Webcast Link
07:29 EDTTRPTransCanada files formal project application for Energy East Pipeline Project
TransCanada Corporation announced that it has filed a formal project application for the Energy East Pipeline Project with the National Energy Board of Canada. The detailed application for the approximately 1.1-million-barrel-per-day pipeline is the result of more than 18 months of environmental studies, engineering work and public consultation, making it one of the most extensive regulatory applications in TransCanada's history. This multi-billion dollar project will enhance Canada's energy security while providing thousands of jobs and billions of dollars for the Canadian economy. TransCanada have also filed today environmental assessment studies with the Ministere du Developpement durable, de l'Environnement et de la Lutte aux changements climatiques du Quebec (MDDELCC) for the marine terminal and storage facility planned for Cacouna. As announced on March 4, 2014, TransCanada have agreed to voluntarily engage the BAPE process and will, as part of that collaboration, address environmental issues related to the pipeline facilities planned for Quebec, based on the environmental and socio-economic assessment prepared for the NEB.
October 29, 2014
13:11 EDTCVXChevron weekly volatility increases into Q3 and outlook
Chevron October weekly call option implied volatility is at 32, November is at 20, December is at 16, January at 17; compared to its 26-week average of 18 according to Track Data, suggesting large near term price movement into the expected release of Q3 results after the market close on October 30.
07:22 EDTTRPTransCanada CEO sees Energy East as alternate route for Gulf access, WSJ reports
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05:27 EDTCVXTechnip wins subsea contract for Bangka development in Indonesia
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05:03 EDTCVXChevron sanctions Stampede project in deepwater U.S. Gulf of Mexico
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October 28, 2014
15:27 EDTAPAWoodside Petroleum considering purchase Apache Wheatstone stake, AFR says
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05:28 EDTCVXChevron announces first gas from Bangladesh Bibiyana expansion project
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October 27, 2014
16:23 EDTCVXONEOK Partners announces acquisition of natural gas liquids assets for $800M
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October 26, 2014
17:07 EDTCVXVenezuela decides against Citgo sale, WSJ says
Venezuela has decided against selling its U.S. refining unit Citgo, says the Wall street Journal. Earlier this year Venezuelan officials indicated that they were looking to sell Citgo for as much as $10B, added the Wall Street Journal. 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
October 24, 2014
18:03 EDTTRPTransCanada says EA certificate issued for Coastal GasLink Pipeline project
TransCanada announced that the B.C. Environmental Assessment Office has issued an Environmental Assessment Certificate for the Coastal GasLink Pipeline Project. As anticipated, the certificate was issued with a number of conditions resulting from the assessment by the EAO of environmental, social, economic, heritage and health components deemed pertinent to the project. The Environmental Assessment Certificate for the Coastal GasLink Pipeline Project contains 32 conditions, the majority of which reflect current best practices for natural gas pipeline construction and operation. They also include conditions adopted to address project-specific concerns, as raised by Aboriginal groups, local communities and resource management agencies. TransCanada has also submitted applications to the B.C. Oil and Gas Commission for the permits required under Section 25 of the Oil and Gas Activities Act to build and operate the Coastal GasLink pipeline. Regulatory review of those applications is progressing on schedule, with permit decisions anticipated in the first quarter of 2015. Next steps for the proposed project include detailed engineering and construction planning, as well as ongoing consultation with Aboriginal groups and the public. Pending the receipt of all required regulatory approvals and a positive final investment decision from LNG Canada, the start of pipeline construction is anticipated in 2016, with an in-service date by the end of the decade.
October 23, 2014
09:01 EDTCVXChevron announces oil discovery in deepwater U.S. Gulf of Mexico
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October 21, 2014
12:54 EDTTRPTransCanada delays seeking approval for $11B Energy East line, Bloomberg says
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09:37 EDTCVXActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL PBR AMZN C TWTR CVX VZ MCD GILD TXN
October 17, 2014
08:54 EDTCVXChevron adds drillship to deepwater operations in Gulf of Mexico
Chevron Corporation (CVX) announced that the Pacific Sharav, a deepwater drillship built to Chevron's specifications, has arrived in the Gulf of Mexico to work under a five-year contract with Pacific Drilling (PACD). The Pacific Sharav is an upgraded Dual-Load-Path, Samsung-12000-design, dynamically-positioned drillship, specially modified to accept a Dual Gradient Drilling System, and able to operate in moderate environments and water depths up to 12,000 feet. The Pacific Sharav has commenced operations in the Keathley Canyon area.
08:48 EDTCVXChevron arranges FID for IDD, postpones second phase, Reuters says
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