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Stock Market & Financial Investment News

News Breaks
July 14, 2014
09:31 EDTKOG, WLLWhiting Petroleum acquisition positive, says Sterne Agee
After Whiting (WLL) announced that it would buy Kodiak (KOG), Sterne Agee thinks the deal enabled the company to increase its Bakken inventory at an attractive price. Sterne continues to believe that Whiting's valuation is cheap and it keeps a Buy rating on the stock.
News For WLL;KOG From The Last 14 Days
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July 31, 2015
10:02 EDTWLLOn The Fly: Analyst Initiation Summary
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10:02 EDTWLLOn The Fly: Analyst Downgrade Summary
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07:50 EDTWLLWhiting Petroleum price target lowered to $25 from $45 at Stephens
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06:51 EDTWLLWhiting Petroleum volatility stays elevated after Q2 and outlook
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06:13 EDTWLLWhiting Petroleum downgraded to Neutral from Buy at Guggenheim
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July 30, 2015
16:10 EDTWLLWhiting Petroleum initiated with a Buy at Cantor
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10:00 EDTWLLOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Altria Group (MO) downgraded to Outperform from Buy at CLSA... Baxter (BAX) downgraded to Market Perform from Outperform at Leerink... Changyou.com (CYOU) downgraded to Hold from Buy at Summit Research... Depomed (DEPO) downgraded to Neutral from Buy at Janney Capital... Euronet (EEFT) downgraded to Neutral from Buy at Monness Crespi... Foundation Medicine (FMI) downgraded to Market Perform at JMP Securities... Garmin (GRMN) downgraded to Underweight from Neutral at JPMorgan... Golden Star Resources (GSS) downgraded to Hold at Canaccord... Grainger (GWW) downgraded on negative catalysts at RBC Capital... Henry Schein (HSIC) downgraded to Hold from Buy at Evercore ISI... LINN Energy (LINE) downgraded to Market Perform from Outperform at Raymond James... LifeLock (LOCK) downgraded to Neutral from Buy at BofA/Merrill... LinnCo (LNCO) downgraded to Market Perform from Outperform at Raymond James... Manitowoc (MTW) downgraded to Hold from Buy at BB&T... PACCAR (PCAR) downgraded to Equal Weight on peak cycle concerns at Morgan Stanley... PG&E (PCG) downgraded to Neutral from Outperform at Credit Suisse... Pacer (PACR) downgraded to Equal Weight from Overweight at Morgan Stanley... Penn Virginia (PVA) downgraded to Sector Perform from Outperform at Scotia... Shutterfly (SFLY) downgraded to Market Perform at Raymond James... Terex (TEX) downgraded to Hold from Buy at BB&T... Total System (TSS) downgraded to Neutral at Baird... Whiting Petroleum (WLL) downgraded to Equal Weight from Overweight at Stephens... Whole Foods (WFM) downgraded to Equal Weight from Overweight at Morgan Stanley.
07:29 EDTWLLWhiting Petroleum downgraded to Equal Weight from Overweight at Stephens
Stephens downgraded Whiting Petroleum to Equal Weight following the Q2 report and reduced 2015 production growth and capex outlook. The firm believes the defensive moves are prudent but inflate valuation metrics and imply the company will be challenged to grow until prices recover.
July 29, 2015
19:32 EDTWLLOn The Fly: After Hours Movers
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16:03 EDTWLLWhiting Petroleum sees Q3 production 14.7-15.1 MMBOE
Sees 2015 production 59.2-59.8 MMBOE. Whiting's 2015 capital budget is $2.15B.
16:02 EDTWLLWhiting Petroleum reports Q2 adjusted EPS 4c, consensus 0c
Reports Q2 revenue $590M, consensus $676.6M. Reports Q2 production of 170,245 BOE/d, a 2% increase over Q1.
July 20, 2015
10:00 EDTWLLOn The Fly: Analyst Upgrade Summary
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07:34 EDTWLLWhiting Petroleum upgraded to Positive at Susquehanna
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07:00 EDTWLLWhiting Petroleum upgraded to Positive from Neutral at Susquehanna
July 17, 2015
09:14 EDTWLLWhiting Petroleum reports $185M of additional non-core property sales
During the second quarter 2015, Whiting sold two packages of older, conventional, operated and non-operated properties to private buyers for a total of $185 million. The effective date for both sales is June 1, 2015 and both sales closed in June 2015. Reserves totaled an estimated 18.0 MMBOE with estimated remaining 2015 production of 6,100 BOE/d. The sales were consistent with Whiting’s continuing 2015 plans to sell mature properties with higher LOE per BOE than its core Bakken and Niobrara assets. LOE for the properties averaged approximately $18.00 per BOE versus $6.50 per BOE in the Bakken and $7.50 per BOE in the Niobrara. Including $108 million of non-core property sales announced in Whiting’s first quarter 2015 financial and operating results press release, year-to-date Whiting has completed a total of $293 million of non-core asset sales with associated reserves of 26.2 MMBOE and estimated remaining 2015 production of 8,300 BOE/d as of the effective dates of each sale. During the second quarter Whiting received $6.0 million in proceeds from fees and an approximate proportionately reduced 5% overriding royalty interest from the sale of its working interest in select non-operated wellbores in the Bakken/Three Forks play in the Williston Basin. The company sold these non-operated wellbores to concentrate its capital in its most efficient and profitable operated drilling prospects. Including this transaction, year-to-date Whiting has completed $300 million in asset sales.
09:06 EDTWLLWhiting estimates 1H15 capital expenditures $1.59B
Whiting estimates 1H 2015 capital expenditures totaled $1.59B. In the first half of the year, The company incurred $211M of non-operated drilling expenditures. The company has entered into an agreement to monetize the majority of its non-operated drilling through the remainder of 2015 to concentrate capital in the most profitable operated drilling prospects and project only $42M of non-operated capex in the second half of 2015.
09:04 EDTWLLWhiting sees FY15 production 59.7 MMBOE, up 7%
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09:03 EDTWLLWhiting Petroleum estimates Q2 production 15.5M MMBOE, up 2%
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