Showing posts with label Cenovus Energy. Show all posts
Showing posts with label Cenovus Energy. Show all posts
Friday, October 26, 2012
Agnico (AEM) (CVE) (HERO) (MPC) (PSX) (RUS) (SCHN) Upgraded by Analysts
Agnico Eagle Mines (AEM), Cenovus Energy Inc (CVE), Hercules Offshore, Inc. (HERO), Marathon
Petroleum (MPC), Phillips 66 (PSX), Russel Metals Inc (RUS) and Schnitzer Steel (SCHN) were
upgraded by analysts.
Barclays Capital upgraded Agnico Eagle Mines (AEM) from an "Underperform" rating to a
"Sector Perform" rating. They have a price target of $69.00 on the company.
Cormark upgraded Cenovus Energy Inc (CVE) from an "Outperform" rating to a "Buy" rating.
Dahlman Rose upgraded Hercules Offshore, Inc. (HERO) from a "Hold" rating to a "Buy" rating. They have a price target of $6.50 on the company. Jefferies Group also upgraded Hercules from a Hold rating to a Buy rating, although they have a price target of $4.50 on the company.
Credit Suisse upgraded Marathon Petroleum (MPC) from a "Neutral" rating to an "Outperform" rating. They have a price target of $75.00 on the company.
Credit Suisse upgraded Phillips 66 (PSX) from a "Neutral" rating to an "Outperform" rating. They have a price target of $60.00 on the company.
CIBC upgraded Russel Metals (RUS) from a "Sector Perform" rating to an "Outperform" rating.
DA Davidson upgraded Schnitzer Steel (SCHN) from a "Neutral" rating to a "Buy" rating. They have a price target of $36.00 on the company.
Thursday, August 30, 2012
Yingli (YGE) (CVE) (WPX) (OILT) (NRP) (PWE) (QRE) Ratings Changes and Initiations
Yingli Green Energy Hold. Co. Ltd. (YGE), Cenovus Energy (CVE), WPX Energy (WPX), Oiltanking Partners (OILT), Natural Resource (NRP), Penn West Energy Trust (PWE) and QR Energy LP (QRE) had ratings changed or initiated on them.
Barclays Capital upgraded Cenovus Energy (CVE) from an "Equal Weight" rating to an "Overweight" rating. They have a price target of $41.00 on the company.
Barclays Capital upgraded WPX ENERGY INC (WPX) from an "Equal Weight" rating to an "Overweight" rating. They have a price target of $18.00 on the company.
Bank of America (BAC) downgraded Oiltanking Partners (OILT) from a "Buy" rating to a "Neutral" rating.
ThinkEquity downgraded Yingli Green Energy Hold. Co. Ltd. (YGE) from a "Hold" rating to a "Sell" ratng. The slashed their price target from $3.00 to $1.00 a share.
Dahlman Rose initiated coverage on Natural Resource (NRP). They placed a "Hold" rating on the company.
Deutsche Bank (DB) initiated coverage on Penn West Energy Trust (PWE). They placed a "Hold" rating on the company.
JPMorgan Chase (JPM) initiated coverage on QR Energy LP (QRE). They placed an "Overweight" rating and price target of $21.00 on the company.
Barclays Capital upgraded Cenovus Energy (CVE) from an "Equal Weight" rating to an "Overweight" rating. They have a price target of $41.00 on the company.
Barclays Capital upgraded WPX ENERGY INC (WPX) from an "Equal Weight" rating to an "Overweight" rating. They have a price target of $18.00 on the company.
Bank of America (BAC) downgraded Oiltanking Partners (OILT) from a "Buy" rating to a "Neutral" rating.
ThinkEquity downgraded Yingli Green Energy Hold. Co. Ltd. (YGE) from a "Hold" rating to a "Sell" ratng. The slashed their price target from $3.00 to $1.00 a share.
Dahlman Rose initiated coverage on Natural Resource (NRP). They placed a "Hold" rating on the company.
Deutsche Bank (DB) initiated coverage on Penn West Energy Trust (PWE). They placed a "Hold" rating on the company.
JPMorgan Chase (JPM) initiated coverage on QR Energy LP (QRE). They placed an "Overweight" rating and price target of $21.00 on the company.
Wednesday, June 8, 2011
Ratings on (CVE) (CPO) (XLNX) (CRH) (PLD) Upgraded
Ratings on Cenovus Energy Inc (NYSE: CVE), Corn Products International, Inc. (NYSE: CPO), Xilinx, Inc. (NASDAQ: XLNX), CRH PLC (NYSE: CRH) and ProLogis (NYSE: PLD) were upgraded by analysts.
Macquarie upgraded Cenovus Energy Inc (CVE) from a “neutral” rating to an “outperform” rating.
Deutsche Bank (NYSE:DB) upgraded Corn Products International, Inc. (CPO) from a “hold” rating to a “buy” rating.
Goldman Sachs (NYSE:GS) upgraded Xilinx, Inc. (XLNX) from a “sell” rating to a “neutral” rating. They have a price target of $33.00 on the company.
Credit Suisse (NYSE:CS) upgraded CRH PLC (CRH) from a “neutral” rating to an “outperform” rating.
Bank of America (NYSE:BAC) upgraded ProLogis (PLD) from a “neutral” rating to a “buy” rating. They have a price target of $39.00 on the company, up from $37.00.
Macquarie upgraded Cenovus Energy Inc (CVE) from a “neutral” rating to an “outperform” rating.
Deutsche Bank (NYSE:DB) upgraded Corn Products International, Inc. (CPO) from a “hold” rating to a “buy” rating.
Goldman Sachs (NYSE:GS) upgraded Xilinx, Inc. (XLNX) from a “sell” rating to a “neutral” rating. They have a price target of $33.00 on the company.
Credit Suisse (NYSE:CS) upgraded CRH PLC (CRH) from a “neutral” rating to an “outperform” rating.
Bank of America (NYSE:BAC) upgraded ProLogis (PLD) from a “neutral” rating to a “buy” rating. They have a price target of $39.00 on the company, up from $37.00.
Wednesday, September 8, 2010
Enbridge (NYSE:ENB) Building BP (NYSE:BP), Husky (TSE:HSE) Project Pipeline
Enbridge Inc. (NYSE:ENB) has landed the deal to build a pipeline for BP (NYSE:BP) and Husky Energy Inc (TSE:HSE) to transport oil from their Sunrise Oil Sands project.
The largest pipeline builder in the oil sands region, this deal for Enbridge will bring them $456 million, for the 70-mile long line. It will extend from the project site to its Cheecham terminal.
Estimates are the pipeline will be completed by 2013, and will start carrying approximately 90,000 barrels a day, but ultimately will transport 270,000 barrels a day, as production at the site increases.
To meet the growing supply, Enridge also has plans to increase the number of tanks to store the oil at the terminal.
Increasing oil production in the region is helping Enbridge land more jobs, as they're going to expand a line for Cenovus Energy Inc. (NYSE:CVE) at C$185 million, and also will construct another line for Suncor Energy Inc. (NYSE:SU), getting paid C$370 for that job.
The largest pipeline builder in the oil sands region, this deal for Enbridge will bring them $456 million, for the 70-mile long line. It will extend from the project site to its Cheecham terminal.
Estimates are the pipeline will be completed by 2013, and will start carrying approximately 90,000 barrels a day, but ultimately will transport 270,000 barrels a day, as production at the site increases.
To meet the growing supply, Enridge also has plans to increase the number of tanks to store the oil at the terminal.
Increasing oil production in the region is helping Enbridge land more jobs, as they're going to expand a line for Cenovus Energy Inc. (NYSE:CVE) at C$185 million, and also will construct another line for Suncor Energy Inc. (NYSE:SU), getting paid C$370 for that job.
Tuesday, May 18, 2010
Canadian Natural Resources' (TSE:CNQ) Inflation Concerns Rising
Canadian Natural Resources Ltd (TSE:CNQ) was hammered by inflation at its last phase of its Horizon oil sands project, which came in over budget to the tune of 43 percent.
The first phase of the Horizon project cost C$9.7 billion to develop, equal to about C$80,000 per barrel of daily production. Canadian Natural President Steve Laut said he expects the second phase to be even more expensive than the first.
Laut said at an investor meeting, "The biggest concern for us is not so much what the cost is, but is there going to be escalation, can we handle the inflation that might come at us?"
With a number of their competitors like Devon Energy Corp (DVN.N), Imperial Oil Ltd (TSE:IMO) and Cenovus Energy (NYSE:CVE) starting up projects they have on hold, competition for materials, vendors and contractors with experience, could end up with prices rising even further.
To try to manage that, Laut said "we've got to have a very robust execution plan. We've to have enough flexibility that we can pull enough levers if costs start to take off on us."
The first phase of the Horizon project cost C$9.7 billion to develop, equal to about C$80,000 per barrel of daily production. Canadian Natural President Steve Laut said he expects the second phase to be even more expensive than the first.
Laut said at an investor meeting, "The biggest concern for us is not so much what the cost is, but is there going to be escalation, can we handle the inflation that might come at us?"
With a number of their competitors like Devon Energy Corp (DVN.N), Imperial Oil Ltd (TSE:IMO) and Cenovus Energy (NYSE:CVE) starting up projects they have on hold, competition for materials, vendors and contractors with experience, could end up with prices rising even further.
To try to manage that, Laut said "we've got to have a very robust execution plan. We've to have enough flexibility that we can pull enough levers if costs start to take off on us."
Monday, April 19, 2010
EnCana (TSE:ECA) Wishing it Kept Oil Assets?
When EnCana (TSE:ECA) spun off its oil assets last year into a new company named Cenovus Energy (TSE:CVE), it seemed a good move in light of the possibilities natural gas seemed to offer, they may have regrets now as many natural gas companies are adding oil assets to combat what could be an oversupply of natural gas for years head.
Of course the diffentiator for EnCana was its focus on unconventional natural gas, which should give it a cost advantage over its competitors, and hopefully increase revenue, and ultimately profits as a result.
The emerging shale gas play has been somewhat disruptive to that strategy, as the amount of shale gas in the U.S. is so high, it has put downward pressure on natural gas prices, and could for years to come.
Having said that, I do think natural gas will move up in price, even with the large supply. What has been priced into natural gas has been the large quantity available in the market which investors are starting to understand.
Once that is priced in completely, which it may be close to becoming, it seems over time that will change, and natural gas prices will start to edge up along with the share price of the natural gas companies like EnCana.
Long-term, natural gas should be a good play, based on the low cost of entry at this time. The only place it seems it can go is up.
Of course the diffentiator for EnCana was its focus on unconventional natural gas, which should give it a cost advantage over its competitors, and hopefully increase revenue, and ultimately profits as a result.
The emerging shale gas play has been somewhat disruptive to that strategy, as the amount of shale gas in the U.S. is so high, it has put downward pressure on natural gas prices, and could for years to come.
Having said that, I do think natural gas will move up in price, even with the large supply. What has been priced into natural gas has been the large quantity available in the market which investors are starting to understand.
Once that is priced in completely, which it may be close to becoming, it seems over time that will change, and natural gas prices will start to edge up along with the share price of the natural gas companies like EnCana.
Long-term, natural gas should be a good play, based on the low cost of entry at this time. The only place it seems it can go is up.
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