UK MARKET TALK ROUNDUP: BROKERS COMMENTS
18th Jun 2010 09:41
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0841 GMT [Dow Jones] UniCredit downgrades BP (BP.LN) to hold from buy and cuts its target price to 420p from 690p to factor i
Read more3rd UPDATE: IEA: Oil Output Threatened If Drilling Moratoriums Spread
18th Jun 2010 09:22
(Adds Australia hasn't called for moratorium despite earlier Montara leak in Timor Sea) By Mari Iwata Of DOW JONES NEWSWIRES FUKUI, Japan (Dow Jones)--Global oil output could fall up to 900,000 barrels a day from projected levels for 2015 if oil producing countries follow the U.S. lead a
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
18th Jun 2010 09:10
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0810 GMT [Dow Jones] S&P Equity Research cuts BP (BP.LN) price target to 640p from 660p due to uncertainty and potentially hi
Read moreMARKET TALK: S&P Equity Research Cuts BP Price Target
18th Jun 2010 09:10
0810 GMT [Dow Jones] S&P Equity Research cuts BP (BP.LN) price target to 640p from 660p due to uncertainty and potentially higher operational and Gulf of Mexico costs. Still, S&P Equity reckons the company's $20B escrow account will help reassure US claimants and markets. It notes BP's resumption o
Read more3rd UPDATE: Australia's Energy Minister Promises Swift Action On Montara Oil Spill Report
18th Jun 2010 09:06
(Adds comment from PTT Exploration CEO) By Rachel Pannett Of DOW JONES NEWSWIRES CANBERRA (Dow Jones)--Australia's Energy Minister Martin Ferguson on Friday vowed to act swiftly on the findings of an official investigation into the cause and handling of PTT Exploration & Production PCL
Read more2nd UPDATE: Oil Output Cut Significant If Drilling Moratoriums Spread
18th Jun 2010 09:02
(Adds potential for reduction in global production if other countries also impose moratoriums) By Mari Iwata Of DOW JONES NEWSWIRES FUKUI, Japan (Dow Jones)--Global oil output could fall up to 900,000 barrels a day from projected levels for 2015 if oil producing countries follow the U.S.
Read moreLondon open: More gains for Footsie
18th Jun 2010 08:50
London's blue chips have risen for the past seven days and started higher again this morning. BP is higher despite the eight-hour verbal assault for chief executive Tony Hayward from US politicians yesterday. Hayward was up in front of a US Congressional Committee to explain how the Gulf of Mexico
Read more2nd UPDATE: Australia's Energy Minister Promises Swift Action On Montara Oil Spill Report
18th Jun 2010 08:20
(Adds detail, environmental group, APPEA comment) By Rachel Pannett Of DOW JONES NEWSWIRES CANBERRA (Dow Jones)--Australia's Energy Minister Martin Ferguson on Friday vowed to act swiftly on the findings of an official investigation into the cause and handling of PTT Exploration & Prod
Read moreDockwise To Assist BP In Oil Spill Clean Up
18th Jun 2010 08:10
AMSTERDAM (Dow Jones)--Dutch maritime services provider Dockwise LTD (DOCKW.AE) said Friday it will assist BP PLC (BP) in the oil spill clean up in the Gulf of Mexico by delivering a semi-submersible heavy-lift vessel. MAIN FACTS: - The vessels has an assortment of equipment focused on the
Read moreMARKET TALK: Deutsche Bank Reduces BP Target Price
18th Jun 2010 08:04
0704 GMT [Dow Jones] Deutsche Bank reduces BP (BP.LN) target price to 480p from 720p, but retains a buy rating. DB says the creation of a $20B claims fund together with clear details of how that fund is to be financed, should go a long way to removing the uncertainties around BP's liquidity. However
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
18th Jun 2010 08:04
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0704 GMT [Dow Jones] Deutsche Bank reduces BP (BP.LN) target price to 480p from 720p, but retains a buy rating. DB says the c
Read moreMARKET TALK: Still No Clarity On BP Damages - Goldman
18th Jun 2010 07:48
0648 GMT [Dow Jones] The structure of BP's (BP.LN) escrow fund and the aggressive capex cut/disposal program will allow BP to manage the cash outflow from the Gulf of Mexico damages without needing to raise new capital, says Goldman Sachs. However, it does not clarify the total size of the damages,
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
18th Jun 2010 07:48
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0648 GMT [Dow Jones] The structure of BP's (BP.LN) escrow fund and the aggressive capex cut/disposal program will allow BP to
Read moreMARKET TALK: Societe Generale Upgrades BP To Buy From Hold
18th Jun 2010 07:35
0635 GMT [Dow Jones] Societe Generale upgrades BP (BP.LN) to buy from hold, after the company agreed to an independently managed claims fund and dividend freeze in response to oil spill. Says this improves visibility on BP's eventual accident-related costs and the market will increasingly start disc
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
18th Jun 2010 07:35
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0635 GMT [Dow Jones] Societe Generale upgrades BP (BP.LN) to buy from hold, after the company agreed to an independently mana
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