- Entered into an amendment agreement with ConocoPhillips (NYSE: COP) in relation to the proposed acquisition by OER of the Nigerian oil and gas business of ConocoPhillips (the " COP Acquisition"); and
- Terminated the Brass LNG Purchase Agreement.
Baker Hughes reports that of the 35 rigs brought online this week, 13 rigs were added in the oil-rich Permian Basin.
Energy producer ConocoPhillips has ridden the energy sector rally to unsustainable heights. Here's why you should jettison or sell short the stock immediately.
BMO Captial Markets downgrades Occidental to Market Perform, citing no further upside to the valuation.