Heritage Petroleum News

Oil & Gas News for energy industry professionals.

Oklahoma City-based Chesapeake Energy's stock price jumps on $334 million fourth-quarter profit

Chesapeake Energy's stock soared Thursday after the company reported its 2017 earnings. [Photo by Chris Landsberger, The Oklahoman Archives] Chesapeake Energy Corp. shares surged nearly 22 percent Thursday after the company reported a fourth-quarter profit of $334 million and projected further growth in 2018.

Insider Buying: Encana Corp (ECA) Director Acquires 2,000 Shares of Stock

Encana Corp Director Douglas James Suttles acquired 2,000 shares of the company's stock in a transaction dated Wednesday, February 21st. The stock was acquired at an average cost of C$13.51 per share, with a total value of C$27,020.00.

Basic Energy Services (BAS) Scheduled to Post Quarterly Earnings on Thursday

Basic Energy Services is scheduled to release its earnings data after the market closes on Thursday, March 1st. Analysts expect Basic Energy Services to post earnings of per share for the quarter.

Carrizo Oil & Gas (CRZO) Lowered to Sell at BidaskClub

Several other brokerages also recently commented on CRZO. BMO Capital Markets reissued a "buy" rating and issued a $26.00 price target on shares of Carrizo Oil & Gas in a report on Thursday, January 11th.

Oklahoma City-based Devon executives detail spending plan as stock falls

Devon Energy Corp. executives used a Wednesday morning analyst conference call to try to calm investor jitters after the company's stock price tumbled following its 2017 earnings announcement. Despite the effort, Devon shares fell almost 12 percent Wednesday, giving back $4.08 a share to close at $30.57.

Most actively traded companies on the TSX

Bombardier Inc. . Aerospace, rail equipment. Down seven cents, or 1.79 per cent, to $3.85 on 16.1 million shares.

Stunning new research finds fracking a major source of carbon pollution in Pennsylvania

Flaring takes place after a gas well has been drilled and before it is put into operation. CREDIT: Carolyn Cole/L.A. Times via Getty Images The evidence is now overwhelming that natural gas is not part of the climate solution , it is part of the problem.

McDermott International (MDR) Issues Quarterly Earnings Results

McDermott International announced its earnings results on Wednesday. The oil and gas company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.09, Morningstar.com reports.

Editorial: In oil we trust

Norway was always the oil giant that successive provincial governments wanted us to be, to the point that we even named a St. John's street, Stavanger Drive, after a Norwegian oil hub. Now, though, Norway is taking its oil profits out of oil and gas stocks, $35 billion worth of the country's US$1 trillion sovereign wealth fund, with the fund's managers saying, "We conclude that the vulnerability of government wealth due to a permanent drop in oil and gas prices will be reduced if the fund is not invested in oil and gas stocks, and advise removing these stocks from the fund's benchmark index."

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