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Stock Market & Financial Investment News

News Breaks
January 29, 2014
10:11 EDTWPRT, CLNE, 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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October 24, 2014
14:05 EDTCOGConstitutional Pipeline receives FERC final environmental review
Constitution Pipeline Company reported a key regulatory milestone toward approval to construct its proposed pipeline on a schedule that targets increasing natural gas supply to New York and New England markets in time for the winter 2015-16 heating season. The Federal Energy Regulatory Commission, or FERC, on Oct. 24 published its final environmental review of the proposed 124-mile Constitution Pipeline. The FERC action is a key step toward the commission's decision on the project, which is expected as early as late November. Assuming timely receipt of all necessary regulatory approvals, Constitution Pipeline would begin construction as early as the first-quarter next year in order to help meet winter 2015-16 heating-season needs in New York and New England. The FERC’s 90-day federal authorization decision deadline for the project is set for Jan. 22, 2015. Constitution Pipeline Company is owned by subsidiaries of Williams Partners L.P. (WPZ), Cabot Oil & Gas Corporation (COG), Piedmont Natural Gas Company (PNY), and WGL Holdings (WGL).
07:33 EDTCOGCabot Oil & Gas backs FY15 production growth of 20%-30%
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07:33 EDTCOGCabot Oil & Gas added 20 natural gas derivative contracts for 2015 in Q3
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07:32 EDTCOGCabot Oil & Gas reports Marcellus Shale averaged 1,298 Mmcfo per day in Q3
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07:32 EDTCOGCabot Oil & Gas reports Q3 production up 24% to 132.4 Bcfe
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07:31 EDTCOGCabot Oil & Gas reports Q3 EPS 24c, consensus 22c
Reports Q3 revenue $512.02M, consensus $515.76M
October 23, 2014
16:33 EDTCLNEClean Energy reports Q3 EPS (27c), consensus (28c)
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15:39 EDTCOGNotable companies reporting before tomorrow's open
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10:01 EDTCOGOn The Fly: Analyst Initiation Summary
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08:13 EDTCOGCabot among Marcellus producers hardest hit by glut, WSJ says
The rapid growth of production from the Marcellus Shale has caused gas prices to drop and forced drillers to re-evaluate operations, with Cabot Oil and Gas (COG) among the hardest hit, said The Wall Street Journal. Other companies mentioned as being impacted and having responded in the report include Ultra Petroleum (UPL), Chesapeake Energy (CHK) and Carrizo Oil & Gas (CRZO). Reference Link
07:00 EDTCOGCabot Oil & Gas initiated with a Neutral at Susquehanna
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October 22, 2014
06:19 EDTCLNEClean Energy to open new truck station, adds new fleet and fueling customers
Clean Energy will open its Carlisle, Penn., heavy-duty natural gas truck station to fuel LNG trucks for Giant/Martin's, the large grocery retailer. The company reports 43 new fleet customers that began fueling at Clean Energy’s nationwide network of natural gas stations in Q3. The company reports continued addition of natural gas fueling customers, including Salt Lake County, Utah and Islip, New York.
October 21, 2014
10:00 EDTCOGOn The Fly: Analyst Upgrade Summary
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05:56 EDTCOGCabot Oil & Gas upgraded to Outperform from Market Perform at Bernstein
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October 17, 2014
10:00 EDTCLNEOn The Fly: Analyst Initiation Summary
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06:09 EDTCLNEClean Energy initiated with a Hold at MLV & Co.
Target $8.
October 15, 2014
06:02 EDTCLNEClean Energy delivers 50.6M CNG gallons in Q3
Clean Energy reported it delivered for the first time over 50M compressed natural gas gallons in one quarter. The company plans to grow its CNG sales further with a strategic move to expand its CNG market to large industrial and institutional energy users beyond the nation’s natural gas pipeline by acquiring a controlling interest in NG Advantage, a pioneer in the natural gas “virtual pipeline” delivery system. The NG Advantage investment will primarily be used to fund capital expenditures for expansion and growth in the business. Clean Energy will also purchase NG Advantage’s Milton, Vt., compression station which is on track to supply nearly 16M gasoline-gallon-equivalents of CNG annually. This station will immediately become Clean Energy’s highest-volume station in its nationwide network of almost 500 stations.

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