(CEO) Oil & Gas Industry – Industry Outlook
OUTLOOK The improving economic scene, both here in the U.S. as well as worldwide, is the main driver of the current oil rally that has seen the commodity settling around the $80 per barrel level. But...
View Article(SGY) Stone Energy Corporation Outdoes Estimates
Stone Energy Corporation (SGY) reported third-quarter 2009 earnings of $1.06 per share, beating the Zacks Consensus Estimate of 66 cents and the year-earlier earnings of $1.04. The robust results were...
View Article(COG) Top Performer for Mon: Cabot Oil & Gas – Zacks #1 Rank Top Performers
With shares gaining by approximately 8% on Monday, Cabot Oil & Gas Corporation (COG) begins the week as one of the top-performing Zacks #1 Rank companies. COG is certainly gaining a good deal of...
View Article(SGY) Stone Energy Corporation – Consensus Estimates Jump
Stone Energy Corporation (SGY) is cheap, trading with a forward P/E of just 7.23. The company has surprised on estimates 3 out of the last 4 quarters by an average of 144.51%. Company Description Stone...
View Article(SGY) Stone Energy Corporation – Bull of the Day
We recommend an Outperform rating for Stone Energy (SGY) shares following strong third-quarter 2009 results. Stone has moved away from liquidity management in the first half of 2009 to a disciplined...
View Article(SGY) Stone Energy Corporation Beats on Higher Volumes
Stone Energy Corporation (SGY) reported fourth-quarter 2009 earnings of 89 cents per share, beating the Zacks Consensus Estimate of 83 cents and the year-earlier loss of 1 cent. The robust results were...
View Article(SGY) Stone Energy Corporation Analyst Downgrades to Neutral
We have recently downgraded Stone Energy Corporation (SGY) to Neutral from Outperform. Lafayette, Louisiana-based Stone Energy Corporation is an independent oil and gas exploration and production...
View Article(SGY) Stone Energy Maintains Gas Production Guidance
Stone Energy Corp. (SGY) has maintained its 2010 net daily production guidance at 205-225 million cubic feet of gas equivalent (MMcfe) and capex at $400 million. In the first quarter, the company’s...
View Article(ALKS) Stock Market News for May 10, 2011 – Market News
After suffering a slump last week, commodities made a strong comeback yesterday and lifted the benchmarks higher. Energy shares joined in on the uptrend as crude prices once again rose above $100 per...
View Article(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...
View Article(XOM) ExxonMobil to Drill Liberia Block 13
Oil giant ExxonMobil Corporation’s (XOM) Liberian affiliate has finally completed the acquisition of an 80% interest in Liberia Block 13 (LB-13) from Canadian Overseas Petroleum (Bermuda) Ltd. (COPL)....
View Article(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) ENSCO 8500...
View Article(WPZ) Williams Partners L.P. and Royal Dutch Shell plc Begin Joint Venture to...
A leading master limited partnership, Williams Partners L.P. (WPZ) and Royal Dutch Shell plc (RDS.A) have agreed to begin a new midstream joint venture (JV), with an aim of supplying gas gathering and...
View Article(XOM) The World’s Newest (and Hottest) Emerging Market
What defines an “emerging” market? One of the most useful definitions comes from the fine folks at Wikipedia: “[An emerging market] signifies a business phenomenon that is not fully described by or...
View Article(CQP) Cheniere Energy Partners Prices Senior Notes
Sabine Pass Liquefaction LLC, a wholly owned affiliate of Cheniere Energy Partners LP (CQP), recently unveiled the pricing of $0.5 billion and $1.0 billion senior secured notes offering. Specifically,...
View Article(RIG) Transocean Updates Fleet Summary
Offshore drilling giant, Transocean Ltd. (RIG) recently issued a Fleet Update Summary for the period commencing Mar 14, 2013 to date. The value of all the new deals and extensions in the same time...
View Article(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 agreement stipulates that for...
View Article(BOE) EPL Oil & Gas – A Strong Buy
On Apr 13, Zacks Investment Research upgraded EPL Oil & Gas Inc. (EPL) to a Zacks Rank #1 (Strong Buy). Why the Upgrade? EPL has been using acquisitions to expand its presence in the Gulf of Mexico...
View Article(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...
View Article(KMP) Kinder Morgan Misses Earnings – Tops Revenues
Kinder Morgan Inc. (KMI) reported first quarter 2013 earnings of 28 cents a share from continuing operations, failing to meet the Zacks Consensus Estimate of 32 cents. However, the quarterly earnings...
View Article(MRO) Marathon Oil Misses Earnings and Revenues
Leading integrated oil and gas firm Marathon Oil Corporation (MRO) reported weak first quarter profits, given the rise in exploration costs. The company announced earnings (excluding special items) of...
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