Independent Oil & Gas
(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,...
(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...
(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...
(SU) Suncor Energy – Bull of the Day
In our opinion, Suncor Energy (SU) is one of the best positioned companies to benefit from the oil price recovery over the next several years. The company’s asset base includes substantial conventional reserves...
(SNP) China Petroleum and Chemical Corporation-Henan Win Chinese Blocks
China Petroleum and Chemical Corporation, or Sinopec (SNP) and Henan Provincial Coal Seam Gas Development and Utilization Co. were awarded a shale gas block each by the Chinese...
(APA) Apache Hits Record at Forties
Apache Corporation (APA) announced that its development wells in the Forties field have started production at a record rate, reaping benefits from the advanced seismic technology that was applied to enhance...
(FST) Forest Oil Updates Forecast
An independent oil and gas company Forest Oil Corporation (FST) provided guidance for the second quarter as well as second half of 2011. The company’s forecasts are mainly reflective of the more oil-weighted...
(APC) Anadarko Petroleum to Sell Midstream Assets
Anadarko Petroleum Corporation (APC) said it has agreed to sell its Bison gas facility and related assets in Powder River Basin to Western Gas Partners L.P. (
7Jul2011 | vitalstocks | 0 comments | Continued(SM) SM Energy Trims Eagle Ford Acres
U.S. oil and gas development company, SM Energy Company (SM) will sell a 12.5% working interest in its non-operated Eagle Ford Shale acreage in Texas to a subsidiary of Mitsui & Co. Ltd.
Mitsui will...
(SU) Suncor Upgraded to Outperform
We have upgraded Canada’s biggest energy firm and the largest oil sands outfit Suncor Energy Inc. (SU) to Outperform from Neutral, reflecting the company’s impressive portfolio of growth opportunities,...
(DNR) Denbury Resources to Get Riley Ridge Unit
Denbury Resources Inc. (DNR) has entered into an agreement to acquire working interests in Riley Ridge Federal Unit located in southwestern Wyoming as well as mineral leases adjoining the Unit from Cimarex...
(FST) Forest Oil Corporation Analyst Maintains Neutral on Shares
We are reiterating our Neutral recommendation on Denver-based Forest Oil Corporation (FST). An independent oil and gas company engaged in the acquisition, exploration, production and development of hydrocarbon...
(EPD) Enterprise Products Partners L.P. to Enhance Texas Infrastructure
Encouraged by the mounting production volume at the Eagle Ford Shale in South Texas, Enterprise Products Partners L.P. (EPD) has plans to install a sixth natural gas liquid (NGL) fractionator, with a capacity...
(APA) Apache Secures Exploration Rights
As per market sources, Apache Corporation (APA) has won oil and gas exploration rights in the vast acreage of Alaska’s Cook Inlet. The company was the sole bidder for the three-lease package offered...
(EOG) Seafox to Jackup EOG Resources Oil Venture
A subsidiary of EOG Resources Inc. (EOG) has inked a contract with Seafox Contractors BV, an operating company of Netherland-based Seafox Group. The deal entitles EOG to use Seafox’ facilities and a multi-support...
(ECA) EnCana and PetroChina End Joint Venture
Canada’s largest natural gas producer EnCana Corp. (ECA) has confirmed that it has pulled out of talks with Chinese energy giant PetroChina Co. Ltd. (
22Jun2011 | vitalstocks | 0 comments | Continued(COG) Cabot Oil & Gas – Bull of the Day
We are upgrading Cabot Oil & Gas Corp. (COG) shares to Outperform from Neutral, reflecting the company’s impressive exposure to the high-return Marcellus and Haynesville Shale plays, as well as its...
(APC) Anadarko Petroleum Corporation Remains Neutral
We maintain our Neutral outlook on Anadarko Petroleum Corporation (APC) as the stock’s upside potential is presently limited by the slowed drilling permits in the Gulf of Mexico and the uncertainty over...
(APA) Apache Strikes Oil in Egypt
U.S.energy firm Apache Corp. (APA) announced five new oil discoveries in Egypt’s Western Desert, building on the integrated energy company’s leading position in this hydrocarbon-rich area.
The latest...
(COG) Cabot Oil & Gas – Bull of the Day
We are upgrading Cabot Oil & Gas Corp. (COG) shares to Outperform from Neutral, reflecting the company’s impressive exposure to the high-return Marcellus and Haynesville Shale plays, as well as its...
(APC) Stock Market News for May 23, 2011 – Market News
European debt concerns once again resurfaced to drag the markets lower on Friday. Disappointing earnings from retailers added to the bearish sentiment and washed out the gains of the previous two days. Following these developments, markets continued their run of weekly losses...
(LEI) Stock Market News for May 20, 2011 – Market News
A host of worrying economic reports failed to pull down the markets as LinkedIn made its debut on the Street and doubled its share price. Markets were also led modestly higher as initial claims declined and retailers posted better-than-expected quarter results.
The...
(UPL) Ultra Petroleum Quarterly Earnings Miss Expectations
Natural gas producer Ultra Petroleum Corp. (UPL) reported marginally weaker-than-expected first quarter 2011 results, hurt by lower prices.
Earnings per share, excluding special items,...
(EOG) EOG Resources Delivers Impressive First Quarter
EOG Resources Inc. (EOG), a major independent oil and gas exploration and production company, reported better-than-expected adjusted first-quarter 2011 results on the back of 14% production growth as well...
(SNP) China Petroleum and Chemical Corporation First Quarter Aided by Higher Prices
China Petroleum and Chemical Corporation (SNP), aka Sinopec, reported first quarter 2011 earnings per share of 0.236 yuan ($3.59 per ADS), up 26% year over year. Net income increased 25.2% from the prior-year...
(PXP) Plains Exploration & Production Posts Strong 2011 First Quarter
Plains Exploration & Production Co. (PXP) posted first-quarter 2011 operating earnings of 37 cents per share, beating the Zacks Consensus Estimate of 33 cents and the year-ago profit of 31 cents. The company’s...
(APC) Stock Market News for May 6, 2011 – Market News
Benchmarks continued to linger in the red on Thursday, weighed down by disappointing jobs data, as investors chose to exit the gold, silver and oil markets. Commodities fell significantly and crude slipped below the $100 per barrel mark.
The Dow Jones Industrial Average...
(PXD) Pioneer Natural Resources Profits – Production Grows
Pioneer Natural Resources Company (PXD) reported first quarter 2011 adjusted earnings of 68 cents per share, outpacing the Zacks Consensus Estimate of 53 cents and showing a decent improvement from the year-earlier...
(APC) Anadarko Petroleum Earnings Report Significantly Above Estimates
Independent oil and gas producer Anadarko Petroleum Corporation’s (APC) operating earnings of 72 cents per share in the first quarter showed a positive surprise of 26.3% rising significantly above the Zacks...
(CHK) Chesapeake Energy Tops on Higher Volume
Natural gas provider, Chesapeake Energy Corp. (CHK) reported sharper-than-expected adjusted first quarter 2011 earnings of 75 cents per share, striding ahead of the Zacks Consensus Estimate of 70 cents. The...