Follow the Money in Oil and Gas Stocks; (OTCBB: AAPH), (NASDAQ:ATLS))
(NYSE: CVX), (NYSE: CHK)
Hot energy stocks news - Chevron (NYSE:CVX) Announces Agreement to Acquire
Atlas Energy (NASDAQ:ATLS) - Atlas trades up over $10
Point Roberts WA- November 9, 2010 (Investorideas.com Energy Newswire) –
www.Investorideas.com reports on energy stocks trading for November 9th. Energy stocks
got a boost as oil hit a two year high and news that Chevron Corporation (NYSE:CVX) would
acquire Atlas Energy (NASDAQ:ATLS) for cash of $3.2 billion and assumed pro forma net debt of
approximately $1.1 billion.
Energy Stocks Trading November 9th
American Petro-Hunter, Inc. (OTC.BB: AAPH) trading at $0.34
Anadarko Petroleum Corporation (NYSE: APC) trading at $64.46, d own 0.25 (0.38%)
Atlas Energy (NASDAQ:ATLS) trading at $42.40, up $10.68 (33.67%)
BP (NYSE: BP) trading at $43.32, up 0.09 (0.21%)
Chesapeake Energy (NYSE: CHK) trading up at $23.40, up 0.70 (3.09%) on over 10 millions
shares.
Chevron Corporation (NYSE: CVX) trading at $83.75, down 1.05 (1.24%)
Devon Energy Corporation (NYSE: DVN) trading at $71.54, down 0.02 (0.03%)
Exxon Mobil Corporation Common (NYSE: XOM) trading at $ 70.77, up 0.89 (1.27%)
Flint Energy Services Ltd. (TSX: FES) trading at $16.21
Suncor Energy Inc. (TSX: SU.TO) trading at $36.18, up 0.05 (0.14%)
Market summary (at time of release)
Dow 11,360.67 -46.17 -0.40%
Nasdaq 2,573.38 -6.67 -0.26%
S&P 500 1,218.08 -5.17 -0.42%
10 Yr Bond (%) 2.6140% +0.0510
Oil 87.16 +0.10 +0.11%
Gold 1,422.10 +19.30 +1.38%
Recent Oil and Gas Stocks News:
American Petro-Hunter, Inc. (OTC.BB: AAPH)
Oil and Gas Stocks; American Petro-Hunter (OTCBB: AAPH) Reviewing Potential
Production Acquisitions
SCOTTSDALE, AZ - November 9, 2010 (Investorideas.com Energy Newswire) - American Petro-
Hunter (OTCBB: AAPH) is pleased to announce that the Company is currently reviewing 3
potential oil production assets for acquisition.
Full news: http://www.investorideas.com/CO/AAPH/news/11091.asp
Energy Stocks Research; The Role of Independent Producers in America's Energy Future
Independents now play a vital role in supplying America’s energy - Lisa Springer, CFA,
Equity research analyst
Point Roberts WA- November 8, 2010 (Investorideas.com Energy Newswire) –
www.Investorideas.com, an investor research portal specialized in sector investing, issues
energy sector commentary from Lisa Springer, CFA, equity research analyst and financial writer.
The report entitled,’ The Role of Independent Producers in America’s Energy Future’ includes
Energy Stocks: American Petro-Hunter, Inc. (OTC.BB: AAPH) , like BP (NYSE:BP), ExxonMobil
(NYSE:XOM) , Chevron (NYSE:CVX), Chesapeake (NYSE:CHK), Devon Energy (NYSE:DVN)
and Southwestern (NYSE:SWN).
Full News: http://www.investorideas.com/CO/AAPH/news/11081.asp
Chevron (NYSE:CVX) Announces Agreement to Acquire Atlas Energy
(NASDAQ:ATLS)
Acquisition gives Chevron high quality natural gas position in the Marcellus Shale
Chevron becomes 60 percent operator of a joint venture with Reliance Industries
SAN RAMON, Calif.--(Investorideas.com energy newswire )-- Chevron Corporation (NYSE:CVX
) and Atlas Energy, Inc. (NASDAQ:ATLS ) announced today that Chevron would acquire Atlas
Energy for cash of $3.2 billion and assumed pro forma net debt of approximately $1.1 billion.
The acquisition will provide Chevron with an attractive natural gas resource position primarily
located in southwestern Pennsylvania’s Marcellus Shale. The acquisition is subject to certain
Atlas Energy restructuring transactions, approval by Atlas Energy shareholders and regulatory
clearance.
“This acquisition is the right opportunity for Chevron,” said George L. Kirkland, Chevron Vice
Chairman. “We are acquiring a company that has one of the premier acreage positions in the
prolific Marcellus. The high quality resource, competitive cost structure in the Marcellus, strong
growth potential of the asset base and its proximity to premier natural gas markets make this
targeted acquisition a compelling investment for Chevron.”
Kirkland also commented: “The Atlas Energy assets further advance Chevron’s global shale gas
position, complementing the company’s recent entrance into shale gas opportunities in Poland,
Romania and Canada.”
Gary Luquette, Chevron North America Exploration and Production President said, “Atlas
Energy brings to us a highly skilled team with strong operating experience and established land
management capabilities. This knowledge, together with Chevron’s technical expertise and global
experience with large scale project developments, will create strong organizational synergies.”
Research more energy stocks:
Visit the oil and gas stocks directory listing publicly traded stocks from multiple global stock
exchanges including TSX, ASX, OTC, NASDAQ and NYSE.
http://www.investorideas.com/OGSN/Stock_List.asp
More info : American Petro-Hunter, Inc. (OTCBB: AAPH)
The Company is a goal-oriented exploration and production (E&P) Company aiming to become
an intermediate level oil and gas producer within 12 months. The Company is in production at
the Poston Project in Trego County Kansas with new drilling activity and production underway at
the North Oklahoma Oil Project. With the achievable target of becoming a 1000 BOE producer
as our goal, American Petro-Hunter is actively on the hunt for domestic petroleum assets.
www.americanpetrohunter.com
Company Research
http://www.aaphreport.com/
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