Showing posts with label Encana. Show all posts
Showing posts with label Encana. Show all posts
Thursday, October 25, 2012
EnCana (ECA) (LRE) (NFX) (TC) Ratings Changes or Initiations
EnCana Co. (ECA), Lrr Energy L.P. (LRE), Newfield Exploration Co. (NFX) and Thompson Creek Metals Co. Inc. (TC) had ratings initiated or upgraded on them.
BMO Capital Markets upgraded EnCana Co. (ECA) from a "Market Perform" rating to an "Outperform" rating. They have a price target of $28.00 on the company.
Oppenheimer upgraded Lrr Energy L.P. (LRE) from a "Perform" rating to an "Outperform" rating on the company. They have a price target of $24.00 on the company.
Raymond James upgraded Newfield Exploration Co. (NFX) from an "Underperform" rating to a "Market Perform" rating.
BMO Capital Markets initiated coverage on Thompson Creek Metals (TC). They placed a "Market Perform" rating on the company.
Friday, October 12, 2012
EnCana (ECA) (EMR) (FE) (NTi) (PXP) (WR) Ratings Initiations
EnCana Co. (ECA), Emerson Electric Co. (EMR), FirstEnergy Corp. (FE), Northern Tier Energy (NTi), Plains Exploration & Production Company (PXP) and Westar Energy, Inc. (WR) had ratings on them initiated by analysts.
National Bank initiated coverage on EnCana Co. (ECA). They have a "Sector Perform" rating and price target of $23.00 on the company.
Deutsche Bank initiated coverage on Emerson Electric Co. (EMR). They have a "Hold" rating and price target of $53.00 on the company.
Goldman Sachs initiated coverage on FirstEnergy Corp. (FE). They have a "Neutral" rating and price target of $44.00 on the company.
Deutsche Bank (DB) initiated coverage on Northern Tier Energy (NTi). They have a "Buy" rating and price target of $25.00 on the company.
BMO Capital Markets initiated coverage on Plains Exploration & Production Company (PXP). They have a "Outperform" rating and price target of $45.00 on the company.
Ladenburg Thalmann initiated coverage on Westar Energy, Inc. (WR). They have a "Neutral" rating and price target of $31.50 on the company.
Monday, January 9, 2012
Kodiak (KOG) (APU) (ECA) (ETP) (OKS) (SEP) (TCP) Ratings, Price Targets
Kodiak Oil & Gas Corp. (NYSE: KOG), Amerigas Partners Lp (NYSE: APU), EnCana Co. (NYSE: ECA), Energy Transfer (NYSE: ETP), Oneok Partners LP (NYSE: OKS), Spectra Energy Partners, LP (NYSE: SEP) and TC Pipelines, LP (NYSE: TCP) ratings and price targets.
Amerigas Partners Lp (APU) was downgraded by Bank of America (NYSE:BAC) to an “Underperform” rating.
EnCana Co. (ECA) was downgraded by BMO Capital Markets from an “Outperform” rating to a “Market Perform” rating. They have a price target of $20.00 on the company, down from $22.00.
Energy Transfer (ETP) was downgraded by Bank of America to a “Neutral” rating.
Kodiak Oil & Gas Corp. (KOG) was downgraded by CapitalOne to a “Neutral” rating.
Oneok Partners LP (OKS) was downgraded by Bank of America to an “Underperform” rating.
Spectra Energy Partners, LP (SEP) was downgraded by Bank of America to an “Underperform” rating.
TC Pipelines, LP (TCP) was downgraded by Morgan Stanley (NYSE:MS) from an “Equal Weight” rating to an “Underweight” rating.
Amerigas Partners Lp (APU) was downgraded by Bank of America (NYSE:BAC) to an “Underperform” rating.
EnCana Co. (ECA) was downgraded by BMO Capital Markets from an “Outperform” rating to a “Market Perform” rating. They have a price target of $20.00 on the company, down from $22.00.
Energy Transfer (ETP) was downgraded by Bank of America to a “Neutral” rating.
Kodiak Oil & Gas Corp. (KOG) was downgraded by CapitalOne to a “Neutral” rating.
Oneok Partners LP (OKS) was downgraded by Bank of America to an “Underperform” rating.
Spectra Energy Partners, LP (SEP) was downgraded by Bank of America to an “Underperform” rating.
TC Pipelines, LP (TCP) was downgraded by Morgan Stanley (NYSE:MS) from an “Equal Weight” rating to an “Underweight” rating.
Thursday, June 9, 2011
BP (BP) (HAL) (PBR) (ECA) (HES) Close Mixed on OPEC, Inventory
Shares of BP (NYSE:BP), Halliburton (NYSE:HAL), Petrobras (NYSE:PBR), Encana Corp. (NYSE:ECA) and Hess Corporation (NYSE:HES) closed mixed Wednesday, as inventory was down and OPEC couldn't reach a production agreement.
July crude oil climbed $1.65, or 1.67 percent on the New York Mercantile Exchange, settling at $100.74 a barrel, trading in a range of $98.02 to $101.89 on Wednesday.
U.S. gasoline stockpiles jumped 2.21 million barrels last week, more than expected, and distillate stocks increased by 810,000 barrels, against a projection for stocks to remain the same, according to the EIA.
The U.S. Energy Information Administration said crude stock in the U.S. fell 4.85 million barrels, the biggest drop since December 2010.
Hess Corporation closed Wednesday at $73.77, falling $0.76, or 1.02 percent. Encana ended the session at $32.70, down $0.13, or 0.40 percent. Petrobras closed at $32.84, gaining $0.20, or 0.61 percent. Halliburton ended the day at $47.69, dropping $0.41, or 0.85 percent. BP closed at $43.49, losing $0.51, or 1.16 percent.
July crude oil climbed $1.65, or 1.67 percent on the New York Mercantile Exchange, settling at $100.74 a barrel, trading in a range of $98.02 to $101.89 on Wednesday.
U.S. gasoline stockpiles jumped 2.21 million barrels last week, more than expected, and distillate stocks increased by 810,000 barrels, against a projection for stocks to remain the same, according to the EIA.
The U.S. Energy Information Administration said crude stock in the U.S. fell 4.85 million barrels, the biggest drop since December 2010.
Hess Corporation closed Wednesday at $73.77, falling $0.76, or 1.02 percent. Encana ended the session at $32.70, down $0.13, or 0.40 percent. Petrobras closed at $32.84, gaining $0.20, or 0.61 percent. Halliburton ended the day at $47.69, dropping $0.41, or 0.85 percent. BP closed at $43.49, losing $0.51, or 1.16 percent.
Friday, August 27, 2010
Chesapeake (NYSE:CHK), EnCana (NYSE:ECA) and Devon (NYSE:DVN) Up on Higher Demand from Warm Weather
Chesapeake Energy (NYSE:CHK), EnCana Corp. (NYSE:ECA) and Devon Energy Corp. (NYSE:DVN), along with Anadarko Petroleum Corp. (NYSE:APC) and Halliburton (NYSE:HAL), on news of the warmer summer increased demand for natural gas for the generation of electricity.
Most of the companies with exposure to the commodity are up today, but there is downward pressure coming as the supply continues to grow in spite of the demand.
The increase in share price of the companies today are based on past demand, and not on future prospects.
For example, for the week ending August 20, stockpiles of natural gas in the lower 48 states increased by 40 billion cubic feet.
There also continues to be ample supply as storage levels are 6.2 percent above their five-year average, even with the recent strong demand. And the natural gas inventories have risen over the Tcf level for only the second time in 2010.
A number of companies with significant exposure to natural gas understand the threats, even in a high-demand period of time, as the huge amount of resource and increasing number of companies entering into the field ensure downward pressure on natural gas prices for some time to come.
Some have been diversifying into oil to help them maintain revenue and earnings growth.
Most of the companies with exposure to the commodity are up today, but there is downward pressure coming as the supply continues to grow in spite of the demand.
The increase in share price of the companies today are based on past demand, and not on future prospects.
For example, for the week ending August 20, stockpiles of natural gas in the lower 48 states increased by 40 billion cubic feet.
There also continues to be ample supply as storage levels are 6.2 percent above their five-year average, even with the recent strong demand. And the natural gas inventories have risen over the Tcf level for only the second time in 2010.
A number of companies with significant exposure to natural gas understand the threats, even in a high-demand period of time, as the huge amount of resource and increasing number of companies entering into the field ensure downward pressure on natural gas prices for some time to come.
Some have been diversifying into oil to help them maintain revenue and earnings growth.
Thursday, May 20, 2010
Exxon Mobil (NYSE:XOM), Chevron (NYSE:CVX), Encana (NYSE:ECA), Awarded Oil Exploration Licenses from Greenland
Greenland has awarded major oil companies like Exxon Mobil (NYSE:XOM), Chevron (NYSE:CVX), Encana (NYSE:ECA) and Husky Energy (TSE:HSE), among others, licenses to explore its offshore and onshore regions for oil and gas.
According to an estimate from a US Geological Survey in 2009, there could be up to 50 billion barrels of oil in Greenland. Even so, that's much lower than prior estimates from the USGS, which have been as high as 160 billion barrels of reserves.
The right conditions are there for the people of Greenland to support the venture, as they want to gain independence from Denmark, which at this time they are a dominion of.
Citizens of Greenland receive over $10,000 each form Denmark at this time, and it's estimated that one good oil field would replace that for the residents, which number about 56,000.
According to an estimate from a US Geological Survey in 2009, there could be up to 50 billion barrels of oil in Greenland. Even so, that's much lower than prior estimates from the USGS, which have been as high as 160 billion barrels of reserves.
The right conditions are there for the people of Greenland to support the venture, as they want to gain independence from Denmark, which at this time they are a dominion of.
Citizens of Greenland receive over $10,000 each form Denmark at this time, and it's estimated that one good oil field would replace that for the residents, which number about 56,000.
Thursday, April 22, 2010
EnCana (TSE:ECA) Production Goals Doubled
Even though natural gas prices are depressed at this time, EnCana (TSE:ECA)(NYSE:ECA) Corp. leadership says they're going to continue with their goal of doubling production over the next five years.
CEO Randy Eresman said on the earnings call of the company that even though natural gas prices are below $4 per million BTUs, that won't last forever, and eventually prices will rise again.
"We believe that the current low-price environment is unsustainable," he said. "We expect to see price improvements in the future, but that may take some time to unfold. We'll continue to maintain a longer-term perspective in how we execute our strategy."
Assuming Encana achieves their production goal, they will supply close to 10 percent of all natural gas used in North America at that time.
As far as natural gas prices go, Eresman is right, and eventually they will go up again, and Encana and other smart players in the game should reap solid rewards for some time, along with their shareholders.
Encana is a long-term play though, and needs to be considered that if investing in the company.
CEO Randy Eresman said on the earnings call of the company that even though natural gas prices are below $4 per million BTUs, that won't last forever, and eventually prices will rise again.
"We believe that the current low-price environment is unsustainable," he said. "We expect to see price improvements in the future, but that may take some time to unfold. We'll continue to maintain a longer-term perspective in how we execute our strategy."
Assuming Encana achieves their production goal, they will supply close to 10 percent of all natural gas used in North America at that time.
As far as natural gas prices go, Eresman is right, and eventually they will go up again, and Encana and other smart players in the game should reap solid rewards for some time, along with their shareholders.
Encana is a long-term play though, and needs to be considered that if investing in the company.
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.
Wednesday, March 24, 2010
Exco Resources (NYSE:XCO) Marcellus Shale Joint Venture
Exco Resources Marcellus Shale
According to CEO Douglas Miller, within a couple of weeks Exco Resources Inc. (NYSE:XCO) could announce a joint venture in the Marcellus shale.
Increased drilling in the region by companies like Chesapeake Energy Corp. (NYSE:CHK), Encana Corp. (NYSE:ECA) and Petrohawk Energy Corp. (NYSE:HK) has raised costs, making it more profitable to attract a partner than bear the cost themselves.
Miller didn't release any potential partners in the Marcellus shale play, although he's looking at a number of options before making a final decision.
Exco Resources Marcellus Shale
According to CEO Douglas Miller, within a couple of weeks Exco Resources Inc. (NYSE:XCO) could announce a joint venture in the Marcellus shale.
Increased drilling in the region by companies like Chesapeake Energy Corp. (NYSE:CHK), Encana Corp. (NYSE:ECA) and Petrohawk Energy Corp. (NYSE:HK) has raised costs, making it more profitable to attract a partner than bear the cost themselves.
Miller didn't release any potential partners in the Marcellus shale play, although he's looking at a number of options before making a final decision.
Exco Resources Marcellus Shale
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