Independent Oil & Gas
(APA) Company News for January 24, 2012 – Corporate Summary
• Fifth Street Finance Corp’s (NASDAQ:FSC) shares declined 5.11% to close at $10.02 after the company initiated a public sale of 10 million shares • Share of natural-gas producer Chesapeake Energy (NYSE:CHK) gained 6.3% after the company announced it plans...
24Jan2012 | vitalstocks | 0 comments | Continued(RRC) Range Resources’ Production Reaches New High
In an interim update, independent oil and gas operator, Range Resources Corporation (RRC) announced that it achieved record production in the fourth quarter of 2011. The production increased 16% on both a year-over-year as well as sequential basis to reach an average production...
18Jan2012 | vitalstocks | 0 comments | Continued(APC) Anadarko Petroleum Hits Another Gas Find
Independent oil and gas producer Anadarko Petroleum Corporation (APC) made another discovery off the coast of Mozambique. This new find to a large extent substantiated the company’s projection that the Offshore Area 1 of Mozambique’s Rovuma Basin at the Lagosta prospect...
18Jan2012 | vitalstocks | 0 comments | Continued(SM) SM Energy Company – Bull of the Day
We believe that SM Energy Company’s (SM) emerging core portfolio is a catalyst for visible organic growth over the next several years. The company’s earnings in the third quarter more than doubled from the prior-year, buoyed by higher operating income, increased production...
13Jan2012 | vitalstocks | 0 comments | Continued(EPD) Enterprise Products Partners and Genesis Energy Sign Pipeline Plan
Enterprise Products Partners L.P. (EPD) and Genesis Energy L.P. (GEL) have inked a construction agreement for a crude oil gathering pipeline to serve the Lucius development area in the Gulf of Mexico. Southeast Keathley Canyon Pipeline Company LLC (“SEKCO”) – a 50:50...
8Jan2012 | vitalstocks | 0 comments | Continued(CEO) Marriott International Passing Baton to Sorenson
Even though his surname is not Marriott, Arne Sorenson will succeed J.W. Marriott, Jr. as chief executive officer (CEO) of Marriott International Inc. (MAR) next year. Sorenson will be the third CEO in the company’s history followed by J.W. Bill Marriott (Jr.) who expanded...
15Dec2011 | vitalstocks | 0 comments | Continued(SNP) China Petroleum and Chemical Boosts Aussie LNG Stake
China Petroleum and Chemical Corporation (SNP), aka Sinopec has agreed to increase its stake in the Queensland-based Australia Pacific liquefied natural gas (LNG) project by 10%, taking its share to 25%. The multibillion Australia Pacific LNG project – formed by Origin Energy...
14Dec2011 | vitalstocks | 0 comments | Continued(NXY) Nexen Inks Joint Venture with INPEX Corporation
Canadian oil and gas company Nexen Inc. (NXY) entered into a strategic agreement with Japanese energy giant INPEX CORPORATION for the development of shale gas fields in northeast British Columbia. Although, as a part of the deal, Nexen will sell 40% working interest in the assets,...
1Dec2011 | vitalstocks | 0 comments | Continued(KWK) Quicksilver Resources Sells More BreitBurn Energy Partners Units
Quicksilver Resources Inc. (KWK) made a public offering of around 6.97 million units of BreitBurn Energy Partners L.P. (BBEP). Quicksilver will allow the underwriters of the issue a window of 30 days to purchase up to 1,045,177 additional common units to cover over-allotments,...
30Nov2011 | vitalstocks | 0 comments | Continued(CEO) CNOOC Closes OPTI Canada Deal
CNOOC Ltd. (CEO) has closed its previously announced purchase of Canadian oil sands operator OPTI Canada Inc. The $2.1 billion transaction was first declared in July. Estimated holdings of OPTI include about 195 million barrels of proved reserves, 534 million barrels of probable...
30Nov2011 | vitalstocks | 0 comments | Continued(APC) Anadarko Petroleum Makes Discovery Off The Coast of Mozambique
Independent oil and gas producer Anadarko Petroleum Corporation’s (APC) latest discovery off the coast of Mozambique has substantially raised the total reserve of natural gas in the field located in the Offshore Area 1 of Mozambique’s Rovuma Basin at the Lagosta prospect. Initial...
30Nov2011 | vitalstocks | 0 comments | Continued(CHK) Climate Change: At What Price Growth?
South Africa is playing host to the climate conference, which opens today in the city of Durban. Climate change conferences focus on reducing global temperatures, which appear to accelerate global warming. The Kyoto Protocol (1997), the game-changer in climate negotiations had...
28Nov2011 | vitalstocks | 0 comments | Continued(CHK) Shale Gas Development Pushed as Cleaner and Cheaper
The Obama Administration has set its eyes on developing domestic shale gas (natural gas trapped within dense rock formations) from sources such as the vast Marcellus Shale, which stretches from New York to Virginia. Besides being significantly cheaper than crude oil, reliance...
24Nov2011 | vitalstocks | 0 comments | Continued(CHK) Chesapeake Energy Service Business to Go Public
Chesapeake Energy Corporation (CHK) is contemplating to squeeze value from its oil-field service business – Chesapeake Oilfield Services LLC – by spinning it off in a public stock offering. The company aims to create value for investors and enhance the share price of the...
18Nov2011 | vitalstocks | 0 comments | Continued(COG) Cabot Oil & Gas – Bull of the Day
We are maintaining our Outperform recommendation on shares of Cabot Oil & Gas (COG), reflecting its impressive exposure to the high-return Marcellus and Eagle Ford Shale plays, as well as its above-average production growth. Furthermore, the capital infusion of over $200...
18Nov2011 | vitalstocks | 0 comments | Continued(CHK) The Bakken isn’t the Only Big Shale Oil Play
by David Fessler, Investment U Senior Analyst Friday, November 11, 2011 A few days ago, I wrote about the incredible growth in the liquid portion of North Dakota’s Bakken formation. If you want the short version, read on. The Bakken is an oil- and natural gas-rich formation...
15Nov2011 | InvestmentU | 0 comments | Continued(APC) Anadarko Petroleum Strikes Oil Offshore Brazil
The Woodlands, Texas- based Anadarko Petroleum Corporation (APC), yesterday, announced that it struck oil at its appraisal well in the Campos Basin offshore Brazil. Located in block BM-C-32, offshore Brazil, the Itaipu-2 appraisal well discovered a gross petroleum column of nearly...
10Nov2011 | vitalstocks | 0 comments | Continued(UPL) Ultra Petroleum Beats Expectations – Keeps Forward View
Natural gas producer Ultra Petroleum Corp. (UPL) has reported impressive third quarter 2011 results, buoyed by higher volumes from Wyoming and Pennsylvania regions along with reduced transportation charges and lower general and administrative costs. Earnings per share, excluding...
10Nov2011 | vitalstocks | 0 comments | Continued(OXY) Occidental Petroleum Corporation Outpaces Expectation
Occidental Petroleum Corporation’s (OXY) third quarter 2011 operating earnings jumped 47.3% to $2.18 per share from $1.48 per share in the year-ago quarter. Earnings beat our expectation for the quarter by a penny. GAAP net earnings during the quarter were $2.17 per share versus...
4Nov2011 | vitalstocks | 0 comments | Continued(STR) Questar Corporation – Bull of the Day
Buoyed by robust operating results and an enhanced guidance by management, we are upgrading Questar Corp. (STR) to Outperform from Neutral. We believe the company will be able to generate meaningful earnings and dividend growth in the coming years through strong operational performances...
2Nov2011 | vitalstocks | 0 comments | Continued(STR) Questar Corporation – Bull of the Day
Buoyed by robust operating results and an enhanced guidance by management, we are upgrading Questar Corp. (STR) to Outperform from Neutral. We believe the company will be able to generate meaningful earnings and dividend growth in the coming years through strong operational performances...
1Nov2011 | vitalstocks | 0 comments | Continued(RRC) Range Resources Beats Estimates – Raises Guidance
Range Resources Corp. (RRC) has reported stellar third-quarter 2011 results, buoyed by higher production level and realized prices along with lower unit costs. The company posted adjusted earnings of 28 cents a share, beating the Zacks Consensus Estimate of 24 cents. Results...
28Oct2011 | vitalstocks | 0 comments | Continued(TLM) Talisman Energy – Bear of the Day
We are downgrading Talisman Energy (TLM) shares to Underperform from Outperform following the cut in its annual production target for the second time in about two months. TLM expects repair work in the North Sea and weather-related issues in Canada to hurt operations and lower...
26Oct2011 | vitalstocks | 0 comments | Continued(EPD) Enterprise Products Partners L.P. – Enbridge in Pipeline Joint Venture
Midstream service providers, Enterprise Products Partners L.P. (EPD) and Enbridge Inc. (ENB) have entered a joint venture agreement to build a pipeline –– Wrangler –– connecting the oil-storage hub of Cushing, Oklahoma, to refiners on the Gulf Coast. With the initial...
6Oct2011 | vitalstocks | 0 comments | Continued(CHK) Ohio’s Utica Shale Land Value Increases 10 Times
by Steve McDonald, Contributing Editor, Investment U Monday, October 3, 2011 What’s going on in Ohio is nothing short of a gas rights frenzy! Just when it seemed like the United States was becoming the Saudi Arabia of gas, Eastern Ohio starts oozing some of the richest shale...
4Oct2011 | InvestmentU | 0 comments | Continued(CHK) Utica Shale Could Generate 204,500 Jobs
by Justin Dove, Investment U Research Thursday, September 29, 2011 The Ohio Oil and Gas Energy Education Program (OOGEEP) released a very bullish projection this month on the economic impact of Utica shale activity in the region. The report predicted that Utica shale production...
30Sep2011 | InvestmentU | 0 comments | Continued(COG) Cabot Oil & Gas – Bull of the Day
We are maintaining our Outperform recommendation on shares of Cabot Oil & Gas (COG), reflecting its impressive exposure to the high-return Marcellus and Haynesville Shale plays, as well as its above-average production growth. Furthermore, the capital infusion of over $200...
1Sep2011 | vitalstocks | 0 comments | Continued(GDP) Stock Market News for August 29, 2011 – Market News
Wall Street registered its first weekly gains in more than a month as the Fed Chairman’s speech sparked hopes of economic stimulus and assured investors that the US is well on course for long-term economic growth. The tech sector helped push the markets higher on Friday, enabling...
29Aug2011 | vitalstocks | 0 comments | Continued(GDP) Stock Market News for August 22, 2011 – Market News
Fears of a global downturn dragged the markets down on Friday and benchmarks registered their fourth consecutive week of losses. While recession worries in US unnerved investors, fears of financial destabilization on the European front strengthened the bearish mood. Posting its...
22Aug2011 | vitalstocks | 0 comments | Continued(DNR) Denbury Resources Posts an Impressive Second Quarter
Denbury Resources Inc. (DNR) has reported second-quarter 2011 earnings of 37 cents per share (excluding one-time items), beating our expectation of 33 cents. The quarterly result was also well above the year-earlier adjusted earnings of 18 cents, attributable to overall higher...
5Aug2011 | vitalstocks | 0 comments | Continued