Anadarko (APC) Gulf Discovery is Significant
- S&P 500 ends higher as markets weigh rising yields, upbeat corporate results
- Meta Platforms reports softer Q2 revenue guidance on plans to boost spending on AI
- IBM (IBM) announces mixed Q1 results, HashiCorp acquisition; shares down
- Equities mixed as investors eye earnings; yen on intervention watch
- ServiceNow (NOW) stock falls as refreshed subscription outlook trails estimates
- Fisker (FSR) Appoints Michael Healy as Chief Restructuring Officer
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Hasbro (HAS) brand strength sees earnings top expectations
- IBM (IBM) announces mixed Q1 results, HashiCorp acquisition; shares down
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
Shenandoah Oil Play a Boon for Cobalt International (CIE) - Analyst
March 20, 2013 12:20 PM EDTUBS raised its price target on Cobalt International Energy (NYSE: CIE) from $33 to $36 following the bullish Shenandoah #2R appraisal, which the company owns a 20% stake in. The firm maintained their Buy rating.
The Shenandoah well encountered >1,000 net feet of high quality oil pay in... More
ConocoPhillips (COP) Reports Significant Appraisal of Shenandoah WR51-2 (APC) (MRO)
March 20, 2013 9:13 AM EDTConocoPhillips (NYSE: COP) announced a significant oil discovery from its recently drilled Shenandoah appraisal in the deepwater Gulf of Mexico. The WR51-2 Shenandoah appraisal well encountered more than 1,000 feet of net pay in high-quality Lower Tertiary-aged reservoirs.
The potential of the Shenandoah discovery, combined with very positive indicators of hydrocarbons in the nearby Coronado well, further strengthens our position in the Lower Tertiary Play, said Larry Archibald, senior vice president, Exploration. We believe this discovery could be material and, together with the doubling of our deepwater Gulf of Mexico acreage position in... More