Gordon Wilcox

Gordon Wilcox


Arrow Energy May Rebuff Shell, PetroChina Bid

Posted on 03/15/10 at 3:15am
Royal Dutch Shell (NYSE: RDS-A), the second-largest European oil company, and PetroChina (NYSE: PTR), may see their $3.03 billion bid for Australian coal-seam gas producer Arrow Energy rejected, according to the Australian Financial Review, which didn't say how the information was obtained.
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Cnooc Acquires Stake In Bridas For $3.1 Billion

Posted on 03/15/10 at 3:09am
Cnooc (NYSE: CEO), China's largest offshore oil explorer, acquired a 50% stake in Argentina's Bridas for $3.1 billion in a deal that will help Cnooc add 318 million barrels of oil reserves.
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BP To Pay $7 Billion For Devon Assets

Posted on 03/11/10 at 6:25am
BP (NYSE: BP), Europe's largest oil company, will pay $7 billion to acquire exploration rights in Brazil, Azerbaijan and the Gulf of Mexico from Devon Energy (NYSE: DVN). As part of the deal, Devon will acquire a 50% stake in BP's Kirby project in the Canadian oil sands for $500 million.
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FDA Approves Botox In Treatment Of Muscle Spasms

Posted on 03/09/10 at 6:16pm
The U.S. Food and Drug Administration (FDA) has approved Allegran's (NYSE: AGN) Botox for use in treating muscle spasms in elbows, wrists and fingers.
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Abbott Labs To Acquire Facet Biotech For $722 Million

Posted on 03/09/10 at 6:12pm
Pharma giant Abbott Labs (NYSE: ABT) will acquire Facet Biotech (Nasdaq: FACT) for $722 million, valuing the company at roughly $27 a share.
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Brazil To Sanction U.S. Goods

Posted on 03/08/10 at 4:30pm
Brazil announced it will place trade sanctions on an array of imported goods from the U.S. after the U.S. failed to eliminated billions of dollars in illegal cotton subsidies. Last year, World Trade Organization authorized Brazil to charge $829.3 million in annual penalties as compensation for years of subsidies paid to U.S. cotton farmers that have been deemed anticompetitive.
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Northrop Grumman May Not Bid On Tanker Contract

Posted on 03/08/10 at 4:01pm
Defense contractor Northrop Grumman (NYSE: NOC) may not bid on the contract for the Air Force tanker, leaving its partner on the bid, France's EADS, to mull a solo bid.
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Jefferies Continues To Recommend Central European Distribution

Posted on 03/08/10 at 3:16pm
Jefferies continues to recommend the shares of liquor distributor Central European Distribution (Nasdaq: CEDC) and has moved its 2010 EPS estimate in line with management's estimate of $2.50 to $2.65 a share while initiating a 2011 estimate of $3.05 a share.
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Orbital Sciences Rated "Hold" By Morgan Joseph

Posted on 03/08/10 at 3:09pm
Morgan Joseph placed a "hold" rating on Orbital Sciences (NYSE: ORB) on news of the company's planned acquisition of General Dynamics' (NYSE: GD) advanced information systems unit for $55 million.
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Cnooc, Total Deliver Final Proposals To Uganda Government

Posted on 03/08/10 at 3:48am
China's Cnooc (NYSE: CEO) and France's Total (NYSE: TOT) have delivered their final proposals to Uganda's government to develop oil assets in that country's Lake Albert region.
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