According to UBS analysts, Murphy Oil has been downgraded from Neutral to Sell with the reduced price target of $41 from $45. Referring to firm’s capex cut this year, the production would decline by 2016. Absence of Large exploration is also a key factor in it. View the full release here.
News: Murphy Oil Downgraded by UBS $MUR Read More »
Total SA., Europe second Big Oil Company, has announced to its gas pipeline stake in the U.K.’s North Sea to ArcLight Capital Partners. The French Frig Network may be sold to US Energy giant for around $1 Billion Enterprise deal. ArchLight may invest through its affiliate, North Sea Midstream Partners. No comments about the above from
News: Total Selling UK Stake to ArcLight $TOT Read More »
TransGlobe Energy Corporation., updates its Mid-second quarter results of FY-2015. Currently production is 15,000 bopd which is 9% above the guidance. Collected $43.5 mm year-to-date in outstanding receivables from EGPC. Quarterly Dividend approved at $0.05 per share. Repurchased 2,134,001 common shares to June 19th under NCIB. View the full earnings release here.
Earnings: Trans-globe production Improves $TGA Read More »
Exxon Mobil is forced to suspend its drilling process from the three major sites in Santa Barbara, California Coast. The firm was forced for the shutdown, due to 100K Gallons of Oil were spilled in the beach Area because of a Pipe line fault. View the full release here.
News: Exxon Santa Barbara Drilling Suspended $XOM Read More »
BofA Merrill Lynch analyst Frank McGann, has downgraded the rating of Tenaris SA. The rating went down from neutral to under perform with the reduced price target of $26. Slower Demands and lower prices will keep the targets lower up till 2017. View the full release here.
News: Tenaris Downgraded due to late Recovery $TS Read More »
