Independent Oil & Gas

(EPD) Enterprise Products Partners, L.P. Poised at Neutral

We reaffirmed our Neutral recommendation on leading master limited partnership Enterprise Products Partners, L.P. (EPD), on May 20, 2013. Riding on growth from record throughput volumes in its fee-based businesses, the partnership...

20Aug2013 | | Comments Off on (EPD) Enterprise Products Partners, L.P. Poised at Neutral | Continued

(EAC) Erickson Air-Crane Purchases Five Aircraft

Evergreen Helicopters, Inc. (“EHI”), a wholly owned subsidiary of Erickson Air-Crane Inc. (EAC), has purchased five aircraft worth $10.1 million from a third party, which were earlier hired under lease. These aircraft comprise...

15Aug2013 | | Comments Off on (EAC) Erickson Air-Crane Purchases Five Aircraft | Continued

(CRK) Comstock to Resources Pay 12.5-Cent Dividend

Domestic energy explorer Comstock Resources Inc. (CRK) has announced it will start paying out a portion of its earnings in the form of shareholder dividends. The Frisco, Texas-based company initiated its quarterly dividend at the rate...

28Jul2013 | | Comments Off on (CRK) Comstock to Resources Pay 12.5-Cent Dividend | Continued

(TLM) Talisman Energy Strikes Oil in Vietnam

Canadian energy explorer, Talisman Energy Inc. (TLM) recently declared first oil production from fields at the Hai Su Trang (HST) and Hai Su Den (HSD) development, located offshore Vietnam.

The HST and HSD development consists...

18Jul2013 | | Comments Off on (TLM) Talisman Energy Strikes Oil in Vietnam | Continued

(NBL) Noble Energy Hits 52-Week High

On May 17, 2013 shares of Noble Energy Inc. (NBL) soared to a new 52-week high of $121.36. The company’s series of property sales and solid exploration ventures thrust the stock to a new high.

The key earnings drivers for...

2Jul2013 | | Comments Off on (NBL) Noble Energy Hits 52-Week High | Continued

(APC) Anadarko Petroleum Reaches 52-Week High

On May 17, 2013 shares of Anadarko Petroleum Corporation (APC) touched a new 52-week high of $90.46. The company’s high-quality exploration programs in the Gulf of Mexico (GoM) and West African prospects drove the stock to a new...

2Jul2013 | | Comments Off on (APC) Anadarko Petroleum Reaches 52-Week High | Continued

(SM) SM Energy Prices Notes Worth $500 Million

Independent oil and gas company, SM Energy Company (SM) has recently announced the pricing of senior unsecured notes aggregating $500 million. These notes with a coupon rate of 5% are to be issued at par and would be due in 2024.

Proceeds...

22Jun2013 | | Comments Off on (SM) SM Energy Prices Notes Worth $500 Million | Continued

(SM) SM Energy Beats Earnings on Record Output

Independent oil and gas company SM Energy Company’s (SM) first-quarter 2013 adjusted earnings of 82 cents per share comfortably beat the Zacks Consensus Estimate of 51 cents and also increased 70.8% from the year-ago earnings of...

16May2013 | | Comments Off on (SM) SM Energy Beats Earnings on Record Output | Continued

(DNR) Denbury Resources Beats Earnings Forecasts – Falls Year Over Year

Denbury Resources Inc.’s (DNR) first-quarter 2013 adjusted earnings of 33 cents per share (excluding one-time items) beat the Zacks Consensus Estimate of 29 cents. However, the quarterly results were 19.5% below the year-earlier...

15May2013 | | Comments Off on (DNR) Denbury Resources Beats Earnings Forecasts – Falls Year Over Year | Continued

(TLM) Talisman Energy Reports Loss – Revenues Lag Estimates

Canadian energy explorer, Talisman Energy Inc. (TLM) reported weak first-quarter 2013 results due to lower oil and liquids price realizations. The company announced loss per share from continuing operations (excluding non-operating...

15May2013 | | Comments Off on (TLM) Talisman Energy Reports Loss – Revenues Lag Estimates | Continued

(PXD) Pioneer Natural Resources Earnings Drop Year Over Year – Tops Estimates

Pioneer Natural Resources Company (PXD) reported first quarter 2013 adjusted earnings of $1.02 per share, surpassing the Zacks Consensus Estimate of 97 cents. The quarterly earnings plunged from the year-earlier adjusted income of...

15May2013 | | Comments Off on (PXD) Pioneer Natural Resources Earnings Drop Year Over Year – Tops Estimates | Continued

(GDP) Chemical Industry Stock Outlook – May 2013 – Industry Outlook

A tough economic backdrop in Europe, uncertainties surrounding the U.S. fiscal cliff, manufacturing slowdown, sluggish activity in China and weakness across some key end-markets weighed on the companies in the chemical space in 2012. The combined effect of these issues led to depressed demand for...

5May2013 | | Comments Off on (GDP) Chemical Industry Stock Outlook – May 2013 – Industry Outlook | Continued

(SU) Suncor Energy to Divest Assets

Canada’s biggest energy firm and the largest oil sands outfit, Suncor Energy Inc. (SU) entered into an agreement to divest its conventional natural gas and crude oil business in Western Canada. The assets will be sold to a newly formed...

27Apr2013 | | Comments Off on (SU) Suncor Energy to Divest Assets | Continued

(CHK) Chesapeake Energy Disposes Texas Assets

Natural gas provider, Chesapeake Energy Corporation (CHK) has disposed 57,275 net acres and 11 producing wells in the Woodbine/Eagle Ford play in East Tex., to privately owned Energy & Exploration Partners, Inc. The buyer is an...

27Apr2013 | | Comments Off on (CHK) Chesapeake Energy Disposes Texas Assets | Continued

(FST) Forest Oil – Schlumberger Limited Shale Deal

Forest Oil Corporation (FST) signed a definitive deal with Schlumberger Limited (SLB) to develop Forest Oil’s Eagle Ford Shale land in Gonzales County, TX.

The...

26Apr2013 | | Comments Off on (FST) Forest Oil – Schlumberger Limited Shale Deal | Continued

(PXP) Plains Exploration & Production Upgraded to Outperform

On Apr 12, 2013, we upgraded our recommendation on Plains Exploration & Production (PXP) to Outperform from Neutral. The company currently has a Zacks Rank #2 (Buy).

Why the Upgrade?

There are several...

21Apr2013 | | Comments Off on (PXP) Plains Exploration & Production Upgraded to Outperform | Continued

(SGY) Stone Energy Moves Ahead in Cardona

Louisiana-based independent oil and gas explorer, Stone Energy Corporation (SGY) announced that it has contracted a dynamically positioned deepwater drilling rig from Ensco plc’s (ESV)...

18Apr2013 | | Comments Off on (SGY) Stone Energy Moves Ahead in Cardona | Continued

(EAC) Erickson Air-Crane Seals Twin Deals

Erickson Air-Crane Inc. (EAC) has received two contracts, one each from Helifor Canada and Western Forest Products Inc. The values of these contracts are in the range of $18-$23 million. Besides providing the S-64E model helicopter,...

11Apr2013 | | Comments Off on (EAC) Erickson Air-Crane Seals Twin Deals | Continued

(OXY) Occidental Petroleum Increases Dividend

The board of directors of Occidental Petroleum Corporation (OXY) has approved an increase in its quarterly dividend by 18.5% to 64 cents per share from its earlier payment of 54 cents. As a result of this revision, the company’s...

16Feb2013 | | Comments Off on (OXY) Occidental Petroleum Increases Dividend | Continued

(APC) Anadarko Petroleum: Will it Miss?

Anadarko Petroleum Corporation (APC) will release its fourth quarter 2012 financial results after market close on Feb 4, 2013. In the prior quarter, the oil and gas company reported an earnings surprise of 10.53%. Anadarko Petroleum...

15Feb2013 | | Comments Off on (APC) Anadarko Petroleum: Will it Miss? | Continued

(NBL) Noble Energy Reports Earnings Febuary 7 – Will It Miss?

Noble Energy Inc. (NBL) is scheduled to release its fourth quarter 2012 financial results before the market bell on Feb 7, 2013. In the last reported quarter, the exploration and production company posted a negative earnings surprise...

5Feb2013 | | Comments Off on (NBL) Noble Energy Reports Earnings Febuary 7 – Will It Miss? | Continued

(SNP) China Petroleum and Chemical Corporation – Bear of the Day

The perceived health of the Chinese economy has improved greatly in recent months, as many investors are once again bullish on the huge emerging market. Not every stock in the country looks to be able to continue to ride this wave of optimism though, as some bearish clouds are starting to appear for...

24Jan2013 | | Comments Off on (SNP) China Petroleum and Chemical Corporation – Bear of the Day | Continued

(CEO) Roche Makes Moves in Top Leadership

Switzerland-based Roche (RHHBY) recently announced a few changes in its Corporate Executive Committee.

John C. Reed will now head the Pharma Research and Early Development (pRED) division at Roche as the current ad...

23Jan2013 | | Comments Off on (CEO) Roche Makes Moves in Top Leadership | Continued

(SGY) Stone Energy – Bear of the Day

We are downgrading our recommendation on Stone Energy Corp (SGY) to Underperform from Neutral. The company missed our expectation in the third quarter of 2012 and its quarterly earnings also plunged 54.7% from the year-earlier profit level,...

18Jan2013 | | Comments Off on (SGY) Stone Energy – Bear of the Day | Continued

(CEO) CNOOC Close to Resuming Penglai Operation

China’s CNOOC Ltd. (CEO) is close to resuming production at its largest offshore oilfield, Penglai 19-3. The country’s biggest offshore oil and gas producer by capacity gets the Chinese government’s top economic planning...

16Jan2013 | | Comments Off on (CEO) CNOOC Close to Resuming Penglai Operation | Continued

(CHK) Chesapeake Energy Stays Neutral

We maintain our long-term Neutral recommendation on the second largest natural gas producer in the U.S. ? Chesapeake Energy Corporation (CHK).

The company’s better-than-expected third quarter results with higher production...

10Jan2013 | | Comments Off on (CHK) Chesapeake Energy Stays Neutral | Continued

(APA) Apache Analyst Maintains Hold on Shares

We have maintained our Neutral recommendation on U.S. energy firm Apache Corporation (APA).

Founded in 1954, Houston, Texas-based Apache is one of the world’s leading independent energy companies engaged in the exploration,...

7Jan2013 | | Comments Off on (APA) Apache Analyst Maintains Hold on Shares | Continued

(CEO) CNOOC Limited Oil Project Duo Comes Online

Chinese energy giant CNOOC Limited’s (CEO) oilfield projects — the Panyu 4-2/5-1 oilfield adjustment project and the Panyu 4-2/5-1 oilfield project — have commenced production. The oilfields are located in the Pearl River Mouth...

2Jan2013 | | Comments Off on (CEO) CNOOC Limited Oil Project Duo Comes Online | Continued

(EOG) EOG Resources to Sell Kitimat Stake

Texas-based EOG Resources Inc.’s (EOG) Canadian subsidiary – EOG Resources Canada Inc. – has signed a purchase and sale agreement with the Canadian counterpart of Chevron Corporation (CVX)....

1Jan2013 | | Comments Off on (EOG) EOG Resources to Sell Kitimat Stake | Continued

(APC) Natural Gas Supplies Down by 82 Bcf

The U.S. Energy Department’s weekly inventory release showed a larger-than-expected decrease in natural gas supplies. However, the storage withdrawal – the fourth for the winter heating season – was lower than both last year and the five-year average, thereby indicating continued bearishness.

About...

26Dec2012 | | Comments Off on (APC) Natural Gas Supplies Down by 82 Bcf | Continued