|Bid||0.00 x 1000|
|Ask||0.00 x 900|
|Day's Range||54.85 - 56.80|
|52 Week Range||46.80 - 76.70|
|Beta (3Y Monthly)||2.15|
|PE Ratio (TTM)||69.89|
|Earnings Date||Feb 4, 2019 - Feb 8, 2019|
|Forward Dividend & Yield||1.00 (1.78%)|
|1y Target Est||87.10|
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.
TULSA, Okla. and DENVER , Nov. 8, 2018 /PRNewswire/ -- Saddlehorn Pipeline Company, LLC ("Saddlehorn") and ARB Midstream, LLC ("ARB") announced today that they have launched an open ...
"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.
HOUSTON, Nov. 8, 2018 /PRNewswire/ -- Anadarko Petroleum Corporation (APC) today announced a transaction to sell substantially all of its remaining midstream assets for $4.015 billion to Western Gas Partners, LP (WES), with $2.0075 billion cash proceeds, and the balance to be paid in new Western Gas equity. Concurrently WES announced it has entered into a merger agreement with Western Gas Equity Partners, LP (WGP), which will result in a simplified midstream structure.
HOUSTON, Nov. 8, 2018 /PRNewswire/ -- Western Gas Partners, LP (WES) ("WES") and Western Gas Equity Partners, LP (WGP) ("WGP" or the "Partnership") today announced they have entered into a merger agreement (the "Agreement") whereby WGP will acquire all the publicly held common units of WES and substantially all of the units owned by Anadarko Petroleum Corporation (APC) ("APC") in a unit-for-unit, tax-free exchange (the "Simplification Transaction"). WGP will own 98% of WES, and APC will own the remaining 2%. In conjunction with the Simplification Transaction, WES has agreed to acquire substantially all of APC's remaining midstream assets for a price of $4.015 billion (the "Acquisition," and together with the Simplification Transaction, the "Transactions").
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.
Energy stocks rise on Wednesday on the heels of earnings beats for a swath of oil-and-gas companies and after Colorado voters reject limits on fracking.
It’s a green day on Wall Street after the Democrats won back control of the House. Although a split Congress likely means less laws passed, investors evidently like the more ‘checks’ part in the checks and balances of government. Among the stocks that are on the move after election day are Newell Brands Inc. (NYSE:NWL), Office Depot […]
It would have forced oil and gas development further away from residential and environmentally "sensitive" areas, curbing drilling across more than half of Colorado. Oil and gas companies raised more than $41 million to defeat the proposal, compared with just $1.3 million amassed by its supporters.
Trade it or fade it? With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Steve Grasso, Brian Kelly and Dan Nathan.