UBS Reiterates Sell on Devon Energy (DVN) - PT to $35
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EnLink Midstream Reports Third Quarter 2016 Results, Refines Guidance, and Provides Operational Update
November 1, 2016 5:52 PM EDTDALLAS, Nov. 1, 2016 /PRNewswire/ -- The EnLink Midstream companies (EnLink or EnLink Midstream), EnLink Midstream Partners, LP (NYSE: ENLK) (the Partnership or ENLK) and EnLink Midstream, LLC (NYSE: ENLC) (the General Partner or ENLC), today reported financial results for the third quarter of 2016, further refined guidance outlook for full-year 2016, and provided an operational update.
Highlights:
Achieved net income attributable to the Partnership of $18.8 million for the three months ended September 30, 2016, and achieved net cash... MoreDevon Energy Reports Third-Quarter 2016 Results
November 1, 2016 4:16 PM EDTOKLAHOMA CITY--(BUSINESS WIRE)-- Devon Energy Corp. (NYSE: DVN) today reported operational and financial results for the third quarter of 2016 and provided guidance for the fourth quarter of 2016.
Highlights
Achieved record-setting well results in U.S. resource plays Increased STACK production 38 percent year over year Decreased lease operating expenses 37 percent from peak rates Expected cost savings to reach $1 billion in 2016 Completed $3.2 billion asset divestiture program Repurchased $1.2 billion of debt... More