53.06 +0.71 (1.36%)
Pre-Market: 8:03AM EST
|Bid||52.90 x 800|
|Ask||57.60 x 1300|
|Day's Range||52.13 - 54.61|
|52 Week Range||46.80 - 76.70|
|Beta (3Y Monthly)||2.15|
|PE Ratio (TTM)||18.27|
|Forward Dividend & Yield||1.05 (1.86%)|
|1y Target Est||N/A|
Trade it or fade it? With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Steve Grasso, Brian Kelly and Dan Nathan.
Once energy prices crashed, it became abundantly clear how much money had been spent (much of it debt-financed) on poor assets. Anadarko, for instance, has undergone one of the more obvious Damascene conversions but is still down 24 percent from early October. As they do so, they should consider the other reason oil prices have backtracked so quickly.
Texas companies were shuffling CFOs last week, with three publicly traded energy businesses announcing changes in their top financial roles. Halliburton, Anadarko and Abraxas all have new CFO this week.
Anadarko Petroleum unveiled its plans for 2019, which include another dividend increase and a boost to its stock buyback authorization.
Anadarko named a new president to oversee a new leadership structure, kicking off a series of promotions.
A top executive for Houston-based Noble Energy has jumped ship and joined one of the big names of Denver oil and gas. Charles “Chip” Rimer became Whiting Petroleum Corp.’s (NYSE: WLL) chief operating officer Thursday. It’s the second time in a year Whiting has attracted a Texas oil executive from one of the Colorado’s biggest oil and gas producers to a leadership position. Whiting hired Brad Holly, a former Anadarko Petroleum Corp. (NYSE: APC) executive in charge of U.S. onshore operations for The Woodlands, Texas-based giant, last November to be CEO and president.
The financial backstop for Arnusch’s farm will be the well water now leased to Noble Energy Inc., (NYSE: NBL) the Houston-based oil and gas company that plans to drill new oil and gas wells in the area. It’s something Noble has done across 100 square miles of the Denver-Julesburg Basin, where on Oct. 29 it won state approval to develop a vast system of 772 new oil and gas wells and pipelines on over the next six years. Noble’s project is a large version of what’s been going on across Colorado’s oil and gas fields.
ConocoPhillips (COP) has shifted its production mix more to an oil-weighted portfolio in the past few quarters. COP’s total natural gas production has fallen 6.4% from Q3 2017. In fact, compared to Q2 2017, its natural gas production has recorded a fall of 22%. In this period, COP’s natural gas volume in the lower 48 states has almost been cut in half. However, crude oil production from this region has risen ~34% since the second quarter of 2017.
about 150tn cubic feet (4.5tn cubic metres) of gas in deep waters off the coast of Mozambique and have made initial investments in parallel projects expected to cost up to $40bn in total to develop. As part of efforts to develop the local economy, Shell plans to build a 38,000-barrel-a-day gas-to-liquid plant that will produce kerosene, diesel and naphtha.
On November 2–9, upstream stock Ultra Petroleum (UPL) gained the most on our list of upstream energy stocks. On November 8, Ultra Petroleum announced its third-quarter earnings results. The company reported an adjusted net income of $0.17 per diluted share—compared to analysts’ consensus estimates of $0.14 per share.
The race is on for liquefied natural gas producers to build export terminals to meet soaring demand but the goalposts for financing these mega-projects have shifted as the traditional relationship with ...
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Anadarko Petroleum Corp. is selling what is largely left of its midstream assets to Western Gas Partners LP, a partnership it formed a decade ago, in a deal that it said is valued at about $4.02 billion. Western Gas Partners will be buying all of Anadarko’s stake in DBM Oil Services and APC Water Holdings and half of its nonoperated interests in Bone Spring Gas Plant and MiVida Gas Plant. The partnership will also buy Anadarko’s full stakes in DJ Basin Oil System and Wattenberg Plant, both of which are in northeast Colorado, Anadarko said.
"The size of this asset sale, along with the clear benefits of the simplification transaction, highlights the tremendous value of Anadarko's midstream business."
Oil and gas producer Anadarko Petroleum Corp said on Thursday it would sell nearly all of its midstream assets, including pipelines, to its master limited partnership Western Gas Partners for $4.02 billion. The company is selling assets in the Permian basin in Texas and New Mexico and the DJ basin in Colorado. Western Gas will take complete ownership of DBM Oil Services, and APC Water Holdings, while acquiring a 50 percent stake in multiple gas plants in the Delaware basin of West Texas, the companies said.
The predicted outcome of the Midterm elections sent the markets on a hot streak Wednesday. Anadarko Petroleum APC, in particular, rose 6% after a measure in Colorado that would have required all new oil and gas wells to be a minimum of 2,500 feet -- about half a mile -- from occupied buildings and "vulnerable areas," such as parks and irrigation canals, was defeated.
Stocks that moved substantially or traded heavily Wednesday: UnitedHealth Group Inc., up $11.09 to $274.63 Health insurers climbed after Democrats won control of the House of Representatives, which likely ...
Stocks rallied Wednesday after Democrats won back control of the House of Representatives for the first time since since 2010.
Dan Haley stirred watery ice cubes in a drink and readied to leave the Protect Colorado watch party Tuesday night, less than two hours after it became clear voters rejected Proposition 112. The oil and gas industry campaign just defeated what it considered a devastating measure requiring 2,500-foot buffers around oil and gas infrastructure on non-federal land statewide. Haley, executive director of the Colorado Oil and Gas Association, had a steady refrain for the well-wishers thanking him on their way out.