All Posts Tagged With: "DVN"

(XOM) Take Advantage of America’s Limited-Time-Only Oil Surge

America is about to have a five-year window when it dominates the oil industry. Speaking at a news conference in London, International Energy Agency (IEA) chief economist Fatih Birol said that, as of 2015, the United States will become the world’s largest oil producer. And it will reign supreme...

18Nov2013 | | Comments Off | Continued

(BP) BP plc and Partners Total SA – Petroleo Brasileiro S.A. Win Brazilian Acreage

The U.K. supermajor BP plc (BP) along with its partners Total SA (TOT), Petroleo Brasileiro S.A., or Petrobras (PBR)...

2Jul2013 | | Comments Off | Continued

(WMT) Earnings Enter the Final Stretch – Earnings Preview

We still have plenty of Q4 earnings reports to come, but the bulk of the earnings season is now behind us, with results from 395 S&P 500 companies already out, as of Friday, February 15. Please note that while these 395 companies account for 86.4% of the index’s total market capitalization and...

19Feb2013 | | Comments Off | Continued

(WMT) Earnings Enter the Final Stretch – Earnings Preview

We still have plenty of Q4 earnings reports to come, but the bulk of the earnings season is now behind us, with results from 395 S&P 500 companies already out, as of Friday, February 15. Please note that while these 395 companies account for 86.4% of the index’s total market capitalization and...

15Feb2013 | | 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 | | 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 | | 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 | | 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 | | 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 | | Comments Off | Continued

(KBH) Stock Market News for October 25, 2012 – Market News

Benchmarks lost out on their initial gains on Wednesday and ended in the red after corporate results dampened sentiment yet again. Also, the Federal Reserve’s announcement that the U.S. economy still needs a push to increase growth and improve the employment situation kept the cautious tone alive....

25Oct2012 | | Comments Off | Continued

(APC) U.S. Natural Gas Supplies Up by 72 Bcf

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 amid essentially flat supply. Despite the relatively soft (and below estimate)...

16Oct2012 | | Comments Off | Continued

(EIA) Natural Gas Supplies Up by 77 Bcf

The U.S. Energy Department’s weekly inventory release showed a larger-than-expected increase in natural gas supplies, as overall domestic consumption fell amid an increase in production. Gas stocks – currently some 10% above the benchmark average levels – are at their highest point...

9Oct2012 | | 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 | | Comments Off | Continued

(EIA) Natural Gas Supplies Up by 67 Bcf

The U.S. Energy Department’s weekly inventory release showed an in-line increase in natural gas supplies, as domestic consumption – reflecting air conditioning demand – declined with temperatures falling from their summer highs. Additionally,  production level remained strong. Gas...

9Oct2012 | | Comments Off | Continued

(HAL) U.S. Natural Gas Supplies Surprise Increase According to U.S. Energy Department

The U.S. Energy Department’s weekly inventory release showed a larger-than-expected increase in natural gas supplies, as domestic consumption – reflecting air conditioning demand – declined with temperatures falling from their summer highs. Additionally, production level remained strong. Gas...

1Oct2012 | | 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 | | Comments Off | Continued

(HES) Hess to Offload Azeri, Chirag and Guneshli Stakes

Hess Corporation (HES) plans to shed its stake in oil fields in Azerbaijan and an associated pipeline to India’s ONGC Videsh Ltd. The transaction ? expected to close by early 2013 and subject to the Indian and other government and...

10Sep2012 | | Comments Off | Continued

(HP) U.S. Natural Gas Inventories Swell

The U.S. Energy Department’s weekly inventory release showed a larger-than-expected increase in natural gas supplies, reflecting the commodity’s tepid use for power generation, as temperatures fell from their summer highs. Moreover, the build came in ahead of the five-year average addition...

5Sep2012 | | Comments Off | Continued

(APC) Natural Gas Supplies Up by 47 Bcf

The U.S. Energy Department’s weekly inventory release showed a larger-than-expected increase in natural gas supplies, reflecting the commodity’s tepid use for power generation, as temperatures fell slightly from their summer highs. However, the build came in well short of the five-year average...

31Aug2012 | | Comments Off | Continued

(DVN) Another Cut in Natural Gas Surplus

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 power generation in the face of extreme summer temperatures. Despite the relatively soft (and below estimate) supply build,...

24Aug2012 | | Comments Off | Continued

(EIA) U.S. Natural Gas Storage Growth Slows

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 power generation in the face of extreme summer temperatures. Despite the relatively soft (and below estimate) supply build,...

14Aug2012 | | Comments Off | Continued

(DVN) U.S. Natural Gas Storage Surplus Narrows

The U.S. Energy Department’s weekly inventory release showed a larger-than-expected increase in natural gas supplies, reflecting the commodity’s tepid demand. However, the build came in well short of the five-year average addition for the week. Despite the relatively soft supply build,...

16Jul2012 | | Comments Off | Continued

(DVN) U.S. Energy Department Reports Another Modest Natural Gas Build

The U.S. Energy Department’s weekly inventory release showed a slightly smaller-than-expected increase in natural gas supplies, reflecting the commodity’s brisk use for power generation. Despite the relatively soft (and below estimate) supply build, the latest injection – the sixteenth...

10Jul2012 | | Comments Off | Continued

(HAL) Pace of Natural Gas Supply Growth Slows

The U.S. Energy Department's weekly inventory release showed a slightly smaller-than-expected increase in natural gas supplies, reflecting the commodity’s brisk use for power generation. Despite the relatively soft (and below estimate) supply build, the latest injection – the fourteenth...

24Jun2012 | | Comments Off | Continued

(XOM) U.S. Natural Gas Surplus Shrinks Further

The U.S. Energy Department’s weekly inventory release showed a larger-than-expected increase in natural gas supplies, as demand from power utilities declined. The latest injection – the twelfth in 2012 – has added to already bloated inventories. Gas stocks – currently some 32% above...

10Jun2012 | | Comments Off | Continued

(EIA) U.S. Energy Department Reports Natural Gas Surplus Shrinks

The U.S. Energy Department’s weekly inventory release showed a larger-than-expected increase in natural gas supplies, as mild temperatures in parts of the country have restricted the commodity’s requirement for power burn. The injection – the ninth in 2012 – has added to already bloated...

21May2012 | | Comments Off | Continued

(EIA) Natural Gas Prices Continue to Sink

The U.S. Energy Department’s weekly inventory release showed an in-line increase in natural gas supplies, as maintenance on two nuclear units in Southern California led to increased natural gas demand in the region. However, this is largely seen as a one-off shot, with mild April temperatures...

22Apr2012 | | Comments Off | Continued

(EIA) Natural Gas Woes: No End in Sight

The U.S. Energy Department’s weekly inventory release showed a smaller-than-expected increase in natural gas supplies, as pipeline imports from Canada declined. However, this is largely seen as a one-off shot, with mild April temperatures across the country restricting the commodity’s...

16Apr2012 | | Comments Off | Continued

(CHK) Nat Gas Stocks in Record Territory

The U.S. Energy Department’s weekly inventory release showed a larger-than-expected increase in natural gas supplies, as record-warm March temperatures across the country have restricted the commodity’s requirement for power burn. In fact, the second injection of 2012 and the largest ever...

31Mar2012 | | Comments Off | Continued

(XLE) Stock Market News for March 26, 2012 – Market News

Energy and basic materials took the benchmarks modestly higher on Friday, snapping a three-day losing streak. However, meager gains failed to prevent the Dow and S&P 500 from suffering their worst weekly performance this year. Global economic concerns weighed on investors through the week and...

28Mar2012 | | Comments Off | Continued