Dynegy Inc.’s management team last week attempted to convince investors that it was focused on future performance, but the news was overshadowed by a 76% reduction in 2004 earnings’ estimates and a projected net loss in 2005.
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Analyst Cuts El Paso Rating on Production Concerns
J.P. Morgan Securities downgraded El Paso Corp. to “underweight” from “neutral” last week, citing “significant concerns” regarding its oil and natural gas production. The downgrade sent El Paso’s shares tumbling nearly a dollar, or 8.23% by market close.
December 6, 2004
Analyst Cuts El Paso Rating on Production Concerns
J.P. Morgan Securities downgraded El Paso Corp. to “underweight” from “neutral” on Monday, citing “significant concerns” regarding its oil and natural gas production. The downgrade sent El Paso’s shares tumbling nearly a dollar, or 8.23% by market close.
November 30, 2004
Analyst Cuts El Paso Rating on Production Concerns
J.P. Morgan Securities downgraded El Paso Corp. to “underweight” from “neutral” on Monday, citing “significant concerns” regarding its oil and natural gas production. The downgrade sent El Paso’s shares tumbling nearly a dollar, or 8.23% by market close.
November 30, 2004
KeySpan Cuts Stake in Houston Exploration, Retains Appalachian E&P Unit
Houston Exploration Co. (THX) shares spiked more than $5 last Tuesday morning to a new 52-week high after its parent company KeySpan Corp. announced plans to transfer 10.8 million THX shares back to the exploration and production (E&P) affiliate in exchange for 100% of a wholly owned THX subsidiary, Seneca-Upshur Petroleum Inc., including 50.5 Bcf of Appalachian gas reserves.
November 29, 2004
KeySpan Cuts Stake in Houston Exploration, Retains Appalachian E&P Unit
Houston Exploration Co. (THX) shares spiked more than $5 Tuesday morning to a new 52-week high and ended the day up 9% at $49.70 after KeySpan Corp. announced plans to transfer 10.8 million THX shares back to the exploration and production (E&P) affiliate in exchange for 100% of a wholly owned THX subsidiary, Seneca-Upshur Petroleum Inc.
November 24, 2004
EnCana Considers Production Forecast Cuts to Ensure Long-Term Growth
EnCana Corp., North America’s largest independent, may cut its 10% targeted annual growth rate after next year to ensure that the company’s long-term growth is not threatened by rising oil field service costs, the CEO said Tuesday.
November 22, 2004
EnCana Considers Production Forecast Cuts to Ensure Long-Term Growth
EnCana Corp., North America’s largest independent, may cut its 10% targeted annual growth rate after next year to ensure that the company’s long-term growth is not threatened by rising oil field service costs, the CEO said Tuesday.
November 17, 2004
EnCana Considers Production Forecast Cuts to Ensure Long-Term Growth
EnCana Corp., North America’s largest independent, may cut its 10% targeted annual growth rate after next year to ensure that the company’s long-term growth is not threatened by rising oil field service costs, the CEO said Tuesday.
November 17, 2004
Michigan PSC Cuts Consumers Proposed Revenue Increase by 63%
The Michigan Public Service Commission (MPSC) on Thursday cut about two-thirds or $98 million out of Consumers Energy Co.’s requested revenue increase, leaving the Jackson-based combination utility subsidiary of CMS Energy with an increase of about $58.1 million.
October 18, 2004
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