Devon Energy Corp


  • NEW YORK, Jan 5- As a war of nerves between U.S. shale producers and Gulf powerhouses intensifies, OPEC's biggest members are counting down the months until their upstart rivals lose the one thing shielding them from crashing oil prices- hedges. OPEC officials hope that once U.S. oil companies get fully exposed to the impact of an over 50 percent slide in crude...

  • HOUSTON, Dec 12- Banks are responding to tumbling crude prices by trimming the value of oil reserves tied to credit lines, possibly causing a cash crunch for some highly-leveraged U.S. exploration and production firms. But I don't think anybody is going to be able to add on significantly more debt, "said Christian Ledoux, a senior portfolio manager at San Antonio-...

  • Best-known is Continental Resources, which lifted its hedges in early November, when oil was trading at around $83 a barrel, leaving it unprotected as prices slipped another $20, the most dramatic drop since the 2008 crisis. Apache Corp and Whiting Petroleum are also exposed to lower prices and have underperformed some peers over the past two weeks.

  • US STOCKS-Wall St rises, but oil continues to weigh Tuesday, 2 Dec 2014 | 9:59 AM ET

    *Otsuka to buy Avanir; Cypress Semi to buy Spansion. NEW YORK, Dec 2- U.S. stocks rose modestly on Tuesday as a pair of big M&A deals boosted market optimism and helped the market rebound from the broad decline in the previous session, which was the S&P 500' s weakest day in a month. U.S. crude futures fell 2 percent to $67.58 per barrel, contributing to the 0.5 percent...

  • HOUSTON, Nov 21- Energy companies have long touted to Wall Street investors the number of acres they lease or own as a measure of how many oil and gas shale wells they can potentially drill. Several smaller operators in the Permian Basin of Texas, including RSP Permian Inc, Laredo Petroleum Inc and Callon Petroleum Co, are telling investors there is more than meets...

  • NEW YORK, Nov 14- Talks that could lead to oilfield services provider Halliburton Co buying rival Baker Hughes Inc may herald increased deal-making in the energy business as companies bet on a protracted drop in oil prices, industry bankers said. The Baker Hughes/ Halliburton talks have stalled after the companies weren't able to agree on issues including...

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    The "Fast Money" traders share their final trades of the day.

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  • Falling oil prices may weigh on Wall Street again Tuesday, 4 Nov 2014 | 8:32 AM ET
    Oil traders on the floor of the New York Mercantile Exchange.

    U.S. indexes looked set to open slightly lower on Tuesday, but tumbling oil prices likely to weigh again on Wall Street.

  • Prepared for Nov.? Here’s what pros are buying Friday, 31 Oct 2014 | 5:53 PM ET

    Although pros expect November to be volatile, they're also looking for the rally to advance further. But not all sectors are buys.

  • Producers for American Crude Oil Exports, or PACE, is the first lobbying group to form to reverse the trade restriction passed by Congress in the 1970 s after the Arab oil embargo caused fears of domestic oil shortages. As the U.S. oil boom of the last six years builds an excess of crude, calls have risen for Congress and the Obama administration to relax the ban.

  • Congress passed the trade restriction in the 1970 s after the Arab oil embargo caused fears of domestic oil shortages. The group of 14 producers has "united to create an advocacy initiative to help repeal the outdated ban on crude oil exports," Daren Beaudo, a spokesman for ConocoPhillips, one of the member companies, said in an email. The U.S. drilling boom of the past...

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    The "Fast Money" traders share their final trades of the day.

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  • Oct 3- Linn Energy LLC said it had struck deals to sell oil and gas assets in Texas and western Oklahoma for $2.3 billion to repay debt taken to buy assets from Devon Energy Corp.. Linn will sell all its Granite Wash and Cleveland properties to affiliates of investment group EnerVest Ltd for $1.95 billion, the oil and gas producer said on Friday.

  • These S&P 100 companies pay the highest taxes Wednesday, 17 Sep 2014 | 1:42 PM ET

    A report said Devon Energy, Anadarko Petroleum and Facebook are among the multinational S&P 100 corporations hit with the highest tax rates in 2013.

  • CALGARY, Alberta, Aug 7- Canadian Natural Resources Ltd, the country's No.2 oil and gas company, lowered its 2014 oil production guidance on Thursday as a result of issues at its Kirby South and Primrose oil sands projects in northern Alberta.

  • The Calgary- based company bought much of Devon Energy Corp's Canadian natural gas properties in February. Net income rose to C $1.07 billion, or 97 Canadian cents per share, from C $476 million, or 44 Canadian cents, a year earlier.

  • Your first trade for Wednesday Tuesday, 22 Jul 2014 | 1:51 PM ET

    The "Fast Money" traders share their final trades of the day.

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    NYSE EuroNext flag hangs outside the NYSE.

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