2021-12-08 09:31:08 COP ConocoPhillips
12/08/21 12/0809:31 12/08/2109:31 | ConocoPhillips to sell Indonesia Assets for $1.355B, adding to APLNG stakeConocoPhillips announced two transactions intended to core up the important Asia-Pacific segment of its diverse global portfolio. The company announced it has entered into an agreement to sell the subsidiary that indirectly owns the company's 54% interest in the Indonesia Corridor Block Production Sharing Contract and a 35% shareholding interest in the Transasia Pipeline Company. The sale to MedcoEnergi for $1.355B is subject to customary adjustments and is expected to close in early 2022, subject to certain conditions precedent. The Indonesia assets being sold produced approximately 50 thousand barrels of oil equivalent per day, MBOED, for the nine months ended Sept. 30, 2021, and had year-end 2020 proved reserves of approximately 85 million barrels of oil equivalent. The effective date for the transaction will be Jan. 1. In addition, through its Australian subsidiary, the company announced that it has notified Origin Energy that it is exercising its preemption right to purchase up to an additional 10% shareholding interest in Australia Pacific LNG,APLNG, from Origin Energy for up to $1.645B which will be funded from cash on the balance sheet, subject to customary adjustments. The ConocoPhillips subsidiary currently holds a 37.5% APLNG shareholding interest and would own 47.5% of APLNG upon closing if the other relevant APLNG shareholder does not exercise its preemption rights. The transaction is expected to close in the first quarter of 2022 and is subject to Australian government approval. ConocoPhillips' full-year 2020 production from APLNG was approximately 115 MBOED, and full-year 2021 distributions are expected to be approximately $750 million, excluding distributions resulting from any additional shareholding interest arising from preemption. The effective date of the transaction will be July 1, 2020. |
---|
Technical Analysis
|
NASDAQ market internals summary »
15:17 05/25/22 05/2515:17 05/25/2215:17
$NSD
NASDAQ Market Internals
Volume is above average… Story temporarily locked. ShowHide Related Items >><<
|
Technical Analysis
| Volume is above average… Story temporarily locked. ShowHide Related Items >><<
|
Conference/Events
|
eXp World Holdings management to meet virtually with Stephens »
15:11 05/25/22 05/2515:11 05/25/2215:11
EXPI
eXp World Holdings
Virtual Meeting to be… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Compass Group price target raised to 1,500 GBp from 1,340 GBp at RBC Capital »
15:10 05/25/22 05/2515:10 05/25/2215:10
CMPGY
Compass Group
RBC Capital analyst Karl… Story temporarily locked. ShowHide Related Items >><<
|
Hot Stocks
|
Donaldson raises quarterly dividend to 23c from 22c per share »
15:09 05/25/22 05/2515:09 05/25/2215:09
DCI
Donaldson
The dividend is payable… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Richemont price target lowered to CHF 142 from CHF 158 at Barclays »
15:06 05/25/22 05/2515:06 05/25/2215:06
CFRUY
Richemont
Barclays analyst Carole… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Glencore price target raised to 770 GBp from 730 GBp at Barclays »
15:05 05/25/22 05/2515:05 05/25/2215:05
GLNCY
Glencore
Barclays analyst Ian… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
DSM price target lowered to EUR 188 from EUR 189 at Barclays »
15:05 05/25/22 05/2515:05 05/25/2215:05
RDSMY
DSM
Barclays analyst… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
BHP Group price target lowered to 2,400 GBp from 2,700 GBp at Barclays »
15:04 05/25/22 05/2515:04 05/25/2215:04
BHP
BHP Group
Barclays analyst Amos… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Adevinta price target lowered to NOK 100 from NOK 115 at Barclays »
15:03 05/25/22 05/2515:03 05/25/2215:03
ADEVF
Adevinta
Barclays analyst Andrew… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Acciona price target raised to EUR 180 from EUR 152 at Barclays »
15:03 05/25/22 05/2515:03 05/25/2215:03
ACXIF
Acciona
Barclays analyst Jose… Story temporarily locked. ShowHide Related Items >><<
|
Downgrade
|
Columbus McKinnon downgraded to Hold at Craig-Hallum on lack of catalysts »
14:52 05/25/22 05/2514:52 05/25/2214:52
CMCO
Columbus McKinnon
Craig-Hallum analyst Greg… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
BASF price target lowered to EUR 62 from EUR 64 at Morgan Stanley »
14:51 05/25/22 05/2514:51 05/25/2214:51
BASFY
BASF
Morgan Stanley analyst… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Aurubis price target lowered to EUR 87 from EUR 95 at Morgan Stanley »
14:51 05/25/22 05/2514:51 05/25/2214:51
AIAGY
Aurubis
Morgan Stanley analyst… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Prosus price target lowered to EUR 90 from EUR 110 at Citi »
14:50 05/25/22 05/2514:50 05/25/2214:50
PROSY
Prosus
Citi analyst Catherine… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
EOCL award watershed moment for BlackSky, GIS industry, says Benchmark »
14:50 05/25/22 05/2514:50 05/25/2214:50
BKSY
BlackSky
Planet Labs
Maxar Technologies
Benchmark analyst Josh… Story temporarily locked. ShowHide Related Items >><<
|
Downgrade
|
Columbus McKinnon downgraded to Hold from Buy at Craig-Hallum »
14:49 05/25/22 05/2514:49 05/25/2214:49
CMCO
Columbus McKinnon
Craig-Hallum analyst Greg… Story temporarily locked. ShowHide Related Items >><<
|
Options
|
ZTO Express options imply 7.0% move in share price post-earnings »
14:49 05/25/22 05/2514:49 05/25/2214:49
ZTO
ZTO Express
Pre-earnings options… Story temporarily locked. ShowHide Related Items >><<
|
General news
|
Treasury Action: yields are a little richer »
14:35 05/25/22 05/2514:35 05/25/2214:35
$ECON
Economic Data
Treasury Action: yields… Story temporarily locked. ShowHide Related Items >><<
|
Options
|
Box options imply 7.5% move in share price post-earnings »
14:34 05/25/22 05/2514:34 05/25/2214:34
BOX
Box
Pre-earnings options… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Philips price target lowered to EUR 21.30 from EUR 26.50 at JPMorgan »
14:24 05/25/22 05/2514:24 05/25/2214:24
PHG
Philips
JPMorgan analyst David… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Mitchells & Butlers price target lowered to 225 GBp from 276 GBp at JPMorgan »
14:23 05/25/22 05/2514:23 05/25/2214:23
MBPFF
Mitchells & Butlers
JPMorgan analyst Ted… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Kingfisher price target lowered to 245 GBp from 255 GBp at JPMorgan »
14:23 05/25/22 05/2514:23 05/25/2214:23
KGFHY
Kingfisher
JPMorgan analyst Georgina… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Glencore price target lowered to ZAR 12,800 from ZAR 13,200 at JPMorgan »
14:22 05/25/22 05/2514:22 05/25/2214:22
GLNCY
Glencore
JPMorgan analyst Dominic… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Darktrace price target lowered to 320 GBp from 400 GBp at JPMorgan »
14:22 05/25/22 05/2514:22 05/25/2214:22
DRKTF
Darktrace
JPMorgan analyst Varun… Story temporarily locked. ShowHide Related Items >><<
|