Independent Oil & Gas
(GDP) Chemical Industry Stock Outlook – May 2013 – Zacks Analyst Interviews
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...2May2013 | vitalstocks | Comments Off | 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 | vitalstocks | Comments Off | 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 | vitalstocks | Comments Off | 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 | vitalstocks | Comments Off | 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 | vitalstocks | Comments Off | 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 | vitalstocks | Comments Off | 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 | vitalstocks | Comments Off | 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 | Shawn | Comments Off | 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 | Shawn | Comments Off | 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 | Shawn | Comments Off | 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 | Shawn | Comments Off | 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 | Shawn | Comments Off | 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 | Shawn | Comments Off | 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 | Shawn | Comments Off | 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 | Shawn | Comments Off | 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 | Shawn | Comments Off | 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 | Shawn | Comments Off | 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 | Shawn | Comments Off | 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 | Shawn | Comments Off | Continued
(GDP) Chemical Industry Stock Outlook – Dec 2012 – Zacks Analyst Interviews
The September quarter essentially mirrored the conditions witnessed in the first two quarters of the year. A feeble economic recovery in the U.S. and persistent recessionary conditions in Europe continue to lead to depleted demand for chemical products. Growth continues to struggle due to weaknesses...24Dec2012 | Shawn | Comments Off | Continued
(APC) Gas Stocks Dip Below Year-Ago Level
The U.S. Energy Department’s weekly inventory release showed a larger-than-expected decrease in natural gas supplies on account of slightly lower production. The storage withdrawal – the third for the winter heating season – has also pushed down natural gas stocks below the year-ago level...10Dec2012 | Shawn | Comments Off | Continued
(APC) Natural Gas Storage Scales New Peak
The U.S. Energy Department’s weekly inventory release showed a smaller-than-expected increase in natural gas supplies, reflecting the commodity’s brisk use for space heating by residential/commercial consumers and lower imports from Canada. Despite the relatively soft (and below estimate)...29Nov2012 | vitalstocks | Comments Off | Continued
(APC) U.S. Natural Gas Stockpiles Shrink
The U.S. Energy Department’s weekly inventory release showed a larger-than-expected decrease in natural gas supplies on account of the advent of cold weather that prompted the commodity’s brisk use for space heating by residential/commercial consumers. The storage withdrawal – the second...27Nov2012 | vitalstocks | Comments Off | Continued
(GDP) A Resurgent America
Exports have been an American success story lately. This is corroborated by the U.S. trade deficit falling from 6% of Gross Domestic Product (GDP) in 2006 to the neighborhood of 4% lately. A weaker dollar, in conjunction with stagnant wages at home, has improved American competitiveness vis a vis...15Nov2012 | vitalstocks | Comments Off | Continued
(DVN) Devon Energy Closes Joint Venture Pact with Sumitomo
Devon Energy Corporation (DVN) has completed its proposed joint venture agreement, worth $1.4 billion, with Japan’s Sumitomo Corporation. Per the contract, Sumitomo will invest $410 million in cash upon closing of the agreement and...9Oct2012 | vitalstocks | Comments Off | Continued
(CEO) CNOOC’s Arm Completes Exxon Deal
Argentine oil and gas company Bridas Corp. – jointly owned by China’s CNOOC Ltd. (CEO) and Argentina’s Bulgheroni family – completed the acquisition of ExxonMobil Corporation’s (XOM)...9Oct2012 | vitalstocks | Comments Off | Continued
(SWN) Southwestern Energy Analyst Stays Neutral on Shares
We maintain our Neutral recommendation on Southwestern Energy Company (SWN) ? an independent energy company engaged in the exploration, development and production of natural gas and crude oil in the United States. Southwestern...20Sep2012 | vitalstocks | Comments Off | Continued
(APA) Apache to Sell Stake in Kitimat LNG
Recently, U.S. energy firm Apache Corporation (APA) announced its decision to divest 20% stake in Kitimat liquefied natural gas (LNG) export project. This $15 billion venture is led by Apache (with 40% share) in partnership...13Sep2012 | vitalstocks | Comments Off | Continued
(GDP) Stock Market News for August 30, 2012 – Market News
GDP data showed a slight increase from the initial estimate on Wednesday, which coupled with strong housing data helped the markets finish in the green. After two back-to-back days of losses, the blue-chip index returned to the positive zone. However, the gains for all the benchmarks were paltry,...30Aug2012 | vitalstocks | Comments Off | Continued
(SNP) China Petroleum and Chemical Corporation Hurt by Higher Costs
China Petroleum and Chemical Corporation (SNP), also known as Sinopec, reported first half 2012 net income of 24.5 billion yuan (US$3.87 billion) and earnings per share of 0.272 yuan ($4.30 per ADS), both down approximately 40.5% and...28Aug2012 | vitalstocks | Comments Off | Continued