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Thursday, July 31, 2014

Apache says plans to exit Kitimat, Wheatstone gas projects, (NYSE: APA)

U.S. oil and gas company Apache Corp , under pressure from activist investor Jana Partners, said on Thursday it plans to sell its interest in two liquefied natural gas projects (LNG), and reported lower quarterly profit.Shares of Apache climbed nearly 4 percent in premarket trading.Apache said it intends to completely exit the Wheatstone LNG project in Australia and Canada's Kitimat LNG project. Apache is also evaluating its international assets and exploring multiple opportunities, including a potential separation, it said.Jana, which disclosed in its second-quarter update in June that it has a $1 billion stake in Apache, had urged the Houston company to exit its LNG projects in Canada and Australia and focus on drilling onshore in the United States

Apache Corporation (Apache) is an independent energy company, which explores for, develops, and produces natural gas, crude oil, and natural gas liquids. Shares of APA remained unchanged at $101.29. In the past year, the shares have traded as low as $75.07 and as high as $104.00. On average, 2884910 shares of APA exchange hands on a given day and today's volume is recorded at 25185.



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Canada's Shaw Communications to purchase data center company ViaWest, (NYSE: SJR)

Canadian media and cable company Shaw Communications Inc said it would purchase data center services provider ViaWest Inc from Oak Hill Capital Partners and others in a deal valued at $1.2 billion on an enterprise basis.Shaw said the acquisition would help accelerate the development of its Canadian data center platform.Shaw said that Colorado-based ViaWest has 27 data centers mostly in the southwestern United States and that Shaw would keep the target in its Denver headquarters as a standalone subsidiary whose expertise can be made available to Shaw's own data management and cloud services customers."With the acquisition of ViaWest, Shaw gains significant capabilities, scale and immediate expertise in the growing marketplace for enterprise data services," CEO Brad Shaw said in a news release.

Shaw Communications Inc. (Shaw) is a diversified Canadian communications company. Shares of SJR remained unchanged at $25.23. In the past year, the shares have traded as low as $21.77 and as high as $26.30. On average, 251641 shares of SJR exchange hands on a given day and today's volume is recorded at 0.



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Shaw Communications to purchase data center company ViaWest, (NYSE: SJR)

Canadian media and cable company Shaw Communications Inc said it would purchase data center services provider ViaWest Inc from Oak Hill Capital Partners and others in a deal valued at $1.2 billion on an enterprise basis. Shaw said the acquisition would help accelerate the development of its Canadian data center platform.

Shaw Communications Inc. (Shaw) is a diversified Canadian communications company. Shares of SJR remained unchanged at $25.23. In the past year, the shares have traded as low as $21.77 and as high as $26.30. On average, 251641 shares of SJR exchange hands on a given day and today's volume is recorded at 0.



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AstraZeneca steps up push into cancer immunotherapy, (NYSE: MRK)

AstraZeneca is accelerating its push into cancer immunotherapy, with plans to test a key experimental drug in new tumour types. The company is seen as No. 4 in a race to develop the first drug in a new class that fights cancer by unleashing the body's immune system, behind rivals Roche, Merck & Co and Bristol-Myers Squibb.But its MEDI4736 medicine is still viewed as a highly promising agent, both on its own and in combination with other treatments.AstraZeneca said on Thursday it would launch a pivotal clinical trial programme with MEDI4736 in head and neck cancer this year, in addition to ongoing tests in lung cancer, and was also looking at expanding tests into other cancer types."There is the potential we would announce an additional tumour type beyond head and neck and non-small cell lung cancer by the end of this year," head of medicines development Briggs Morrison told analysts in a post-results conference call.

Merck & Co., Inc. (Merck), is a global health care company that delivers health solutions through its prescription medicines, vaccines, biologic therapies, animal health, and consumer care products, which it markets directly and through its joint ventures. Shares of MRK remained unchanged at $58.08. In the past year, the shares have traded as low as $44.62 and as high as $59.84. On average, 8819790 shares of MRK exchange hands on a given day and today's volume is recorded at 400.



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Apache 2nd-qtr profit falls; plans to exit some LNG projects, (NYSE: APA)

Apache Corp, a U.S. oil and gas company under pressure from activist investor Jana Partners, reported lower quarterly profit on Thursday and said it plans to sell its interest in two liquefied natural gas projects (LNG). Apache said it intends to completely exit the Wheatstone LNG project in Australia and Canada's Kitimat LNG project. Apache is also evaluating its international assets and exploring multiple opportunities, including a potential separation, it said.

Apache Corporation (Apache) is an independent energy company, which explores for, develops, and produces natural gas, crude oil, and natural gas liquids. Shares of APA fell by 0.03% or $-0.03/share to $101.29. In the past year, the shares have traded as low as $75.07 and as high as $104.00. On average, 2884910 shares of APA exchange hands on a given day and today's volume is recorded at 2349678.



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BRIEF-Murphy Oil says UK refinery sale to close by Oct. 31, (NYSE: MUR)

Murphy Oil Corp : * Murco Petroleum Ltd, has signed an agreement to sell its Milford Haven refinery and terminal assets to Klesch Refinery* Pending regulatory approval and subject to other material conditions, this transaction is scheduled to close no later than October 31, 2014* Separate transaction for sale of Murco's UK Retail business is at an advanced stage Source text for Eikon: Further company coverage:

Murphy Oil Corporation is a worldwide oil and gas exploration and production company with retail and wholesale gasoline marketing operations in the United States and refining and marketing operations in the United Kingdom. Shares of MUR fell by 0.76% or $-0.51/share to $66.72. In the past year, the shares have traded as low as $54.67 and as high as $68.43. On average, 1248490 shares of MUR exchange hands on a given day and today's volume is recorded at 1433575.



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