Lonestar Resources Reports Encouraging Initial Test Results

Lonestar Resources Reports Encouraging Initial Test Results

Lonestar Resources US shares were slightly higher Tuesday after the company reported initial production test results on its Burns Ranch wells in Texas, registering a total of 2,343 barrels of oil equivalent per day for a 24-hour test for all of the three wells, Burns Ranch #8H, #9H and #10H. “Lonestar is encouraged by the fact that the oil produced thus far on its three new Gen 5 wells exceeds […]

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Stocks Retreating Mid-Session

Stocks Retreating Mid-Session

The benchmark indices remain in negative territory Monday as nervous investors sort through recent comments from President Trump regarding trade, taxes and federal regulations. In his inaugural speech Friday, Trump warned that “we must protect our borders from the ravages of other countries…as protection will lead to great prosperity and strength” prompting risk-adverse investors, fearful of a trade war with Asia, to dump equities in favor of safe-haven assets like […]

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Stocks Trim Early Gains

Stocks Trim Early Gains

The benchmark averages have surrendered most of their earlier gains soon after Donald Trump was sworn in as the 45th president of the U.S. Similar to the reaction that followed Trump’s press conference last Wednesday, profit-taking was in response to the omission of policy specifics in Trump’s first speech as president. Leading into Friday’s inauguration, the Dow was on track to snap a five-day losing streak with a triple-digit gain. […]

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KCG Just Misses Q4 Street View

KCG Just Misses Q4 Street View

KCG, an independent securities firm, Thursday reported Q4 earnings just shy of expectations, but topped revenue outlooks. KCG reported Q4 EPS of $2.47 a share, a penny below the Street view as compiled by Capital IQ, though up from a loss per EPS of $0.03 reported a year earlier. The brokerage reported Q4 revenues of $580.5 million, above the Street view of $579.3 million, and above the $264.0 million reported […]

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Crude Prices Settle Higher

Crude Prices Settle Higher

Crude prices posted gains in the U.S. on Tuesday to end higher with a weaker dollar and as investors eye global demand prospects. On the New York Mercantile Exchange, light, sweet crude futures for delivery in February rose 0.21 percent to $52.48 a barrel, while March Brent crude on London’s ICE Futures Exchange gained 0.70 percent to $55.47 a barrel. The U.S. dollar index fell 1.17 percent on Tuesday to […]

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