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BHP

BHP Billiton

$51.25

0.36 (0.71%)

, BP

BP

$42.43

0.24 (0.57%)

05:56
02/13/19
02/13
05:56
02/13/19
05:56

BHP's board approves funding for BP-led U.S. oil project

The BHP (BHP) Board has today approved $696M in funding to develop the Atlantis Phase 3 project in the US Gulf of Mexico. This follows sanction by BP (BP), as the Operator, of the Atlantis Phase 3 project, announced in January 2019. Atlantis Phase 3 is located in the deepwater Gulf of Mexico, approximately 130 miles off the coast of Louisiana. The Project is a subsea tie back of eight new production wells that will be drilled and completed to access infill resource opportunities. It will take advantage of existing infrastructure, production ullage and marketing agreements. First production is expected in the 2020 calendar year and is estimated to increase production by ~38,000 barrels of oil equivalent per day gross at its peak. BHP holds a 44% interest in the Atlantis field. BP holds a 56% interest. The BHP Board has also approved $256M in funding to drill an additional appraisal well and perform further studies in the Trion field in Mexico, to further delineate the scale and characterization of the resource.The primary objectives of the 3DEL appraisal well and studies are to confirm the volume and composition of hydrocarbons near the crest of the Trion structure, and study the viability of development of the Trion field. The approved funds are within the forecast BHP exploration and appraisal expenditure budget. The 3DEL appraisal well is expected to be drilled in the second half of the 2019 calendar year. BHP holds a 60% interest and operatorship in Trion. PEMEX holds a 40% interest.

BHP

BHP Billiton

$51.25

0.36 (0.71%)

BP

BP

$42.43

0.24 (0.57%)

  • 04

    Mar

BHP BHP Billiton
$51.25

0.36 (0.71%)

02/07/19
LYON
02/07/19
DOWNGRADE
LYON
Underperform
BHP Billiton downgraded to Underperform from Outperform at CLSA
02/11/19
GSCO
02/11/19
DOWNGRADE
GSCO
Neutral
BHP Billiton downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Eugene King downgraded BHP Billiton to Neutral.
02/12/19
GSCO
02/12/19
NO CHANGE
GSCO
Goldman upgrades Rio Tinto to Buy, downgrades BHP Billiton to Neutral
Goldman Sachs analyst Eugene King last night upgraded Rio Tinto (RIO) to Buy from Neutral while downgrading both BHP Billiton (BHP) and First Quantum Minerals (FQVLF) to Neutral from Buy. The setup for commodities and the mining equities remains positive, King tells investors in a research note. His top idea remains Anglo American (NGLOY), which is on Goldman's Conviction List with a Buy rating. The analyst believes the recent accident at Vale's (VALE) iron or tailings dam has created "considerable uncertainty" in the iron ore market and that investors are likely to view Rio favorably. The analyst also downgrades both First Quantum and BHP to Neutral following the stocks' recent outperformance and keeps a Sell rating on Antofagasta (ANFGY).
02/12/19
02/12/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. BHP Billiton (BHP) downgraded to Neutral from Buy at Goldman Sachs. 2. Gilead (GILD) downgraded to Neutral from Buy at Citi and to Market Perform from Outperform at Wells Fargo. 3. Cisco (CSCO) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst James Faucette saying Cisco's multiple has meaningfully expanded over the past 1.5 years as estimates and expectations have built in a likely benefit from security-driven networking. 4. Take-Two (TTWO) downgraded to Underperform from Market Perform at BMO Capital with analyst Gerrick Johnson saying that after a 2-year "hype machine" blast for its Red Dead Redemption 2 title and its "strong" premier, the buzz around the game has "dissipated markedly." 5. Fastenal (FAST) downgraded to Sector Weight from Overweight at KeyBanc with analyst Steve Barger saying he continues to view the company as a "best-in-class" distributor with a "sizable first-mover advantage" in OnSite and Vending, but he finds the stock's risk/reward as more balanced near his prior price target of $62. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
BP BP
$42.43

0.24 (0.57%)

12/18/18
12/18/18
INITIATION
Target $41

Market Perform
Wells Fargo starts BP at Market Perform with $41 price target
As previously reported, Wells Fargo analyst Roger Read started BP with a Market Perform rating and $41 price target, citing his expectation that BP's total cash shareholder returns will trail its peer group through 2021. Despite an attractive valuation and production growth potential, BP's higher balance sheet leverage is a headwind to outperforming the market, Read tells investors.
12/21/18
EVER
12/21/18
NO CHANGE
Target $42
EVER
Outperform
Golar LNG Tortue project worth $10 per share to equity, says Evercore ISI
After Kosmos Energy (KOS) and BP (BP), the equity owners in the Greater Tortue Ahmeyim project offshore Senegal and Mauritania, announced Final Investment Decision on Phase 1, which will utilize one of Golar LNG's (GLNG) FLNG vessels, Evercore ISI analyst Jonathan Chappell said he continues to estimate a nearly $10/share value to Golar LNG equity based on the expected output, start-up time, and financing. Stating that Tortue means "an awful lot" for Golar LNG, he reiterated his Outperform rating on the stock and trimmed his target to $42 from $43.
02/05/19
DZBN
02/05/19
UPGRADE
DZBN
Buy
BP upgraded to Buy from Hold at DZ Bank
DZ Bank analyst Werner Eisenmann upgraded BP to Buy from Hold and raised his price target to GBP6.10 from GBP5.90.
02/06/19
02/06/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Snap (SNAP) upgraded to Market Perform from Underperform at Raymond James. 2. Skyworks (SWKS) upgraded to Buy from Neutral at Goldman Sachs with analyst Toshiya Hari saying he believes smartphone build plans are stabilizing and forming a bottom and he expects fundamentals in the mobile space to improve in late 2019 and into 2020 with the introduction of 5G phones. 3. New York Community Bancorp (NYCB) upgraded to Buy from Neutral at UBS with analyst Brock Vandervliet saying he has greater conviction in the "funding picture." 4. BP (BP) upgraded to Buy from Hold at DZ Bank. 5. Vodafone (VOD) upgraded to Buy from Neutral at BofA/Merrill. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

TEX

Terex

$35.29

-0.3 (-0.84%)

19:01
02/22/19
02/22
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19:01
Hot Stocks
Terex to sell Demag Mobile Cranes business to Tadano for $215M enterprise value »

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CZR

Caesars

$9.05

-0.37 (-3.93%)

18:34
02/22/19
02/22
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18:34
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Canyon Partners: Caesars shareholders' value best served by open sale process »

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ERJ

Embraer

$20.85

0.17 (0.82%)

, BA

Boeing

$424.05

6.57 (1.57%)

18:11
02/22/19
02/22
18:11
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18:11
Periodicals
Brazilian judge suspends Embraer-Boeing deal talks, Reuters reports »

A Brazilian judge…

ERJ

Embraer

$20.85

0.17 (0.82%)

BA

Boeing

$424.05

6.57 (1.57%)

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BXG

Bluegreen Vacations

$14.47

0.55 (3.95%)

18:02
02/22/19
02/22
18:02
02/22/19
18:02
Earnings
Bluegreen Vacations reports Q4 EPS 27c, consensus 24c »

Reports Q4 revenue…

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SM

SM Energy

$16.88

-0.13 (-0.76%)

17:57
02/22/19
02/22
17:57
02/22/19
17:57
Recommendations
SM Energy analyst commentary at MUFG »

SM Energy's higher…

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AN

AutoNation

$37.22

-1.15 (-3.00%)

17:47
02/22/19
02/22
17:47
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17:47
Syndicate
Breaking Syndicate news story on AutoNation »

AutoNation files…

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TSLA

Tesla

$294.60

3.42 (1.17%)

, NSANY

Nissan

$0.00

(0.00%)

17:42
02/22/19
02/22
17:42
02/22/19
17:42
Periodicals
Tesla's Model 3 was the highest-selling EV globally in 2018, Verge reports »

Tesla's (TSLA) Model…

TSLA

Tesla

$294.60

3.42 (1.17%)

NSANY

Nissan

$0.00

(0.00%)

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FSFG

First Savings Financial Group

$51.33

0.22 (0.43%)

17:31
02/22/19
02/22
17:31
02/22/19
17:31
Hot Stocks
First Savings Financial raises quarterly dividend to 16c per share from 15c »

The dividend will be paid…

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MSFT

Microsoft

$110.97

1.5 (1.37%)

17:31
02/22/19
02/22
17:31
02/22/19
17:31
Periodicals
Employees demand Microsoft cancel $480M U.S. Army contract, Reuters says »

Several Microsoft workers…

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  • 25

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ENT

Global Eagle

$2.66

(0.00%)

17:23
02/22/19
02/22
17:23
02/22/19
17:23
Hot Stocks
Global Eagle to cut workforce by roughly 15% »

As previously disclosed,…

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17:15
02/22/19
02/22
17:15
02/22/19
17:15
General news
Breaking General news story  »

New York Federal Reserve…

NOC

Northrop Grumman

$288.84

2.54 (0.89%)

17:13
02/22/19
02/22
17:13
02/22/19
17:13
Hot Stocks
Northrop Grumman exec Kalan sells 4,312 common shares »

In a regulatory filing,…

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LYB

LyondellBasell

$89.14

0.63 (0.71%)

17:07
02/22/19
02/22
17:07
02/22/19
17:07
Syndicate
Breaking Syndicate news story on LyondellBasell »

LyondellBasell files…

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TCCO

Technical Comm Corp

$2.76

0.17 (6.56%)

17:06
02/22/19
02/22
17:06
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17:06
Hot Stocks
Technical Comm Corp to submit plan to regain compliance with Nasdaq by March 4 »

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INFU

InfuSystem

$4.15

0.04 (0.97%)

17:01
02/22/19
02/22
17:01
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17:01
Hot Stocks
InfuSystem announces settlement of derivative lawsuit »

InfuSystem Holdings…

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KALU

Kaiser Aluminum

$108.22

-1.9 (-1.73%)

17:01
02/22/19
02/22
17:01
02/22/19
17:01
Hot Stocks
Kaiser Aluminum names Neal West as new CFO »

Kaiser Aluminum announced…

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ALDR

Alder Biopharmaceuticals

$14.35

0.19 (1.34%)

17:00
02/22/19
02/22
17:00
02/22/19
17:00
Hot Stocks
Alder Biopharmaceuticals submits eptinezumab BLA to FDA »

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  • 25

    Feb

RF

Regions Financial

$16.24

-0.01 (-0.06%)

16:59
02/22/19
02/22
16:59
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16:59
Syndicate
Breaking Syndicate news story on Regions Financial »

Regions Financial files…

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  • 27

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HL

Hecla Mining

$2.59

-0.145 (-5.31%)

16:58
02/22/19
02/22
16:58
02/22/19
16:58
Syndicate
Breaking Syndicate news story on Hecla Mining »

Hecla Mining files to…

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BMY

Bristol-Myers

$50.99

0.84 (1.68%)

, CELG

Celgene

$89.15

0.54 (0.61%)

16:52
02/22/19
02/22
16:52
02/22/19
16:52
Hot Stocks
Bristol-Myers files proxy statement in connection with proposed Celgene merger »

Bristol-Myers Squibb…

BMY

Bristol-Myers

$50.99

0.84 (1.68%)

CELG

Celgene

$89.15

0.54 (0.61%)

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TEN

Tenneco

$36.29

0.76 (2.14%)

16:48
02/22/19
02/22
16:48
02/22/19
16:48
Earnings
Tenneco sees FY19 revenue growth up 4%-5%, consensus $4.65B »

The company expects 2019…

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  • 25

    Feb

TEN

Tenneco

$36.29

0.76 (2.14%)

16:46
02/22/19
02/22
16:46
02/22/19
16:46
Earnings
Tenneco reports preliminary Q4 revenue $4.3B, consensus $4.3B »

Sees FY18 EPS "near…

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  • 25

    Feb

XRX

Xerox

$31.50

0.16 (0.51%)

16:44
02/22/19
02/22
16:44
02/22/19
16:44
Conference/Events
Xerox management to meet with Loop Capital »

Meeting to be held in New…

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  • 28

    Feb

TWTR

Twitter

$31.70

0.94 (3.06%)

16:38
02/22/19
02/22
16:38
02/22/19
16:38
Hot Stocks
Twitter board member Evan Williams to step down at end of month »

On February 22, 2019,…

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  • 25

    Feb

ALLY

Ally Financial

$26.95

-0.07 (-0.26%)

16:34
02/22/19
02/22
16:34
02/22/19
16:34
Hot Stocks
Ally Financial CEO sells over 97,000 common shares »

In a regulatory filing,…

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  • 27

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