Some of Wednesday's midday movers:» Read More
Gold in particular has fallen from more than $1,500 an ounce in early 2013 to briefly below $1,200 at the start of this year. "We're not expecting miraculous numbers," said Elvis Picardo, strategist and vice president of research at Global Securities in Vancouver.
April 14- Goodrich Petroleum Corp drilled its second successful well in the Tuscaloosa Marine shale prospect in Louisiana, bolstering confidence in the fast-growing field and sending the company's shares up as much as 39 percent.
China wants to wean itself off its dependence on energy imports, but drilling for shale comes with risks attached, the New York Times reports.
March 12- Energy XXI Ltd will buy its closest rival EPL Oil& Gas Inc for $1.53 billion as the company looks to better compete with private-equity backed explorers such as Fieldwood Energy in the shallow-water region of the Gulf of Mexico. Energy XXI said on Wednesday the acquisition would boost its production to about 65,000 barrels of oil equivalent per day.
March 6- Canadian Natural Resources Ltd, Canada's No.2 oil and gas company, reported a 17 percent rise in quarterly profit, helped by higher output at its Pelican Lake project in Alberta.
These are the people who have had the greatest influence, who caused the most disruption in business over the past 25 years.
Take a look at some of Wednesday's midday movers:
*4th- qtr adjusted profit $1.10/ share vs est $1.08. Feb 19- Devon Energy Corp said it would sell some liquids-rich natural gas assets in Canada to Canadian Natural Resources Ltd for about $2.8 billion and posted a better-than-expected profit as it ramps up production of more lucrative oil.
U.S. stock index futures traded cautiously on Wednesday ahead of the release of minutes from the latest Federal Reserve meeting.
Feb 19- Canadian Natural Resources Ltd, the country's largest independent oil producer, said on Wednesday it would buy some of Devon Energy Corp's liquids-rich natural gas assets in Canada for $3.13 billion.
After the steep drop in homebuilder sentiment in February, Wednesday's housing starts report could have more impact than usual.
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HOUSTON, Dec 19- On a wall inside an old hunting lodge in west Texas that Apache Corp uses as a field office, a board lists the winners of $10,000 prizes given to workers with big ideas to cut costs- the new way to get ahead in North America's shale oil industry.
LONDON, Dec 18- Oil company BP Plc announced a major oil discovery at its Gila prospect in the deepwater U.S. "The Gila discovery is a further sign that momentum is returning to BP's drilling operations and well execution in the Gulf of Mexico," said Richard Morrison, Regional President of BP's Gulf of Mexico business.
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SINGAPORE, Nov 21- U.S. crude futures edged lower on Thursday after minutes from the Federal Reserve's last meeting showed a decision to wind down monetary stimulus may come soon. *U.S. crude for January delivery had eased 19 cents to $93.66 a barrel by 0036 GMT.
Nov 20- Devon Energy Corp will buy oil-producing assets in Texas for $6 billion and plans to sell or otherwise monetize some of its natural gas-heavy holdings, in a response to criticism about its lack of exposure to higher-margin crude.
Nov 20- Devon Energy Corp will buy GeoSouthern Energy Corp's core assets in the Eagle Ford shale region of south Texas for $6 billion in cash, in a deal that looks to answer criticism about the company's lack of exposure to higher-margin oil.