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Stock Market & Financial Investment News

News Breaks
January 29, 2014
10:11 EDTCLNE, WPRT, COGWestport, Clean Energy climb after Obama touts natural gas
Shares of Westport Innovations (WPRT) and Clean Energy Fuels (CLNE) are advancing in a down market after President Obama last night expressed support for vehicles powered by natural gas. Westport makes truck engines powered by natural gas, while Clean Energy builds natural gas fueling stations. WHAT'S NEW: In his State of the Union address last night, President Obama touted the benefits of natural gas, calling it a "bridge fuel that can power our economy with less of the carbon pollution that causes climate change." Moreover, the President asked Congress to put people to work building natural gas fueling stations for cars and trucks. WHAT'S NOTABLE: Westport is in a joint venture with another truck engine maker, Cummins (CMI). The joint venture develops truck engines that utilize natural gas. Meanwhile, in a note to investors earlier today, research firm Oppenheimer identified Cabot Oil & Gas (COG) as its favorite stock among natural gas producers. The firm has Outperform ratings on Apache (APA), Chesapeake Energy (CHK), Devon Energy (DVN), and EOG Resources (EOG), which all have large exposure to natural gas production. However, Oppenheimer suggests that investors buy stocks in the sector on pullbacks, and sell them when they advance. PRICE ACTION: In early trading, Westport rose 2.2% to $17.65, while Clean Energy Fuels jumped 3.2% to $11.95, and Cummins was flat at $128.75.
News For WPRT;CLNE;COG From The Last 14 Days
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November 17, 2014
07:16 EDTCOGTopeka to hold a bus tour
Houston Bus Tour travels throughout Houston, Texas on November 17-18.
November 14, 2014
12:53 EDTCOGOmega Advisors gives quarterly update on stakes
NEW STAKES: AerCap Holdings (AER), Nordic American Offshore (NAO), Melco Crown Entertainment (MPEL), Groupon (GRPN), and Ashland (ASH). INCREASED STAKES: QEP Resources (QEP), United Continental (UAL), Cabot Oil & Gas (COG), Actavis (ACT), and KAR Auction Services (KAR). DECREASED STAKES: Sprint (S), SandRidge Energy (SD), Sirius XM Holdings (SIRI), Kinder Morgan (KMI), and Transocean (RIG). LIQUIDATED STAKES: QUALCOMM (QCOM), Ocwen Financial (OCN), Freeport-McMoRan (FCX), Boston Scientific (BSX), and Capital One (COF).
November 12, 2014
07:56 EDTCLNERyder signs alliance agreement with Mansfield Clean Energy Partners
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07:31 EDTCOGBofA/Merrill to hold a conference
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