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Encore Acquisition Co.
EAC
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-42.39%
in
497 days
<> Encore Acquisition Company engages in the acquisition, exploration, exploitation, development, and production of oil and natural gas reserves from onshore fields in the United States. It holds interests in properties, and oil and natural gas reserves located in the Cedar Creek Anticline (CCA) in the Williston Basin of Montana and North Dakota; the Permian Basin of west Texas and southeastern New Mexico; the Rockies, which includes non-CCA assets in the Williston, Big Horn, and Powder River Basins of Montana, North Dakota, and Wyoming, as well as in the Paradox Basin of southeastern Utah; a...
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continues to be bullish about the rest of 2008
EAC
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-18.42%
in
545 days
Encore Acquisition ( EAC ) is an independent oil and natural gas exploration company with properties in the Dakotas, Oklahoma, New Mexico and Texas. EAC, a Zacks #1 Rank (Strong Buy), reported first-quarter earnings on May 7 that once again blew by Wall Street estimates. EAC surprised by 27.71%, or 23 cents per share, reporting $1.06 compared to analysts' estimates of 83 cents per share. Encore has beaten estimates the last four quarters by an average of 28.74%. <> The company continues to be bullish about the rest of 2008 as crude and natural gas prices remain high and producti...
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its shares trade up sharply in recent sessions.
EAC
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+25.48%
in
27 days
(closed on 05/12/08)
Encore Acquisition Company ( EAC ), an independent exploration and production company, is in the hot energy sector and has seen its shares trade up sharply in recent sessions. Brokerage analysts have been raising estimates as crude and natural gas prices stay at elevated prices. <> Two out of five covering analysts raised for the first quarter in the last week by one cent to 82 cents from 81 cents a share. For the year, analysts are equally as bullish. Two out of six analysts raised consensus estimates in the last week by seven cents to $3.38 fr...
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...is well-positioned for this commodities bull.
EAC
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+22.55%
in
54 days
(closed on 04/15/08)
This North American exploration and production company is riding the commodities bull to new heights. Encore Acquisition Company ( EAC ), a Zacks #1 Rank (Strong Buy), is engaged in the development of onshore North American oil and natural gas reserves. Based in Fort Worth, Texas, Encore has acquired high-quality assets and grown through drilling, waterflood, and tertiary projects. Encore's properties are located in the Rockies, which includes the Dakotas, the Mid-Continent, which includes Oklahoma, and the Permian Basin which includes New Mexico and Texas. <> Encore us...
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From the Blogosphere
In-Line Quarter for Denbury – Analyst Blog
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Denbury Resources Inc. (DNR) reported in-line third quarter results, as increased production helped the company to meet estimates. Earnings per share, excluding non-cash fair value adjustments, came in at 16 cents, same as the Zacks Consensus Estimate. Including one-time items, Denbury posted a profit of 11 cents per share.
On a year-over-year basis, the company’s adjusted earnings per share declined 68.0% (from 50 cents to 16 cents), while revenue was down 44.6% to $227.2 million. The year-over-year negative comparisons were due to the steep decline in commodity prices.
Production
Producti...
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Company News for November 3, 2009 – Corporate Summary
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• Deal-making activity heated up with the mega-deal announcement from Berkshire Hathaway (NYSE:BRK.A) of its plans to acquire Burlington Northern (NYSE:BNI) for $100 per share in a deal valued at approximately $44 billion, the largest in Berkshire history • Stanley Works (NYSE:SWK) announced plans to purchase Black & Decker (NYSE:BDK) in a deal valued at $4.5 billion • Denbury Resources (NYSE:DNR) announced plans to acquire Encore Acquisition (NYSE:EAC) in a cash and stock deal valued at $3.2 billion <>• Ford (NYSE:F) said it is planning to raise $2 billion through the sale of senior co<><><><><><>< /><><>< /><>< /><>< />< />...
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Cramer on BloggingStocks: Going it alone isn't always wise
Filed under: Market matters, Black and Decker (BDK), Cramer on BloggingStocks TheStreet.com's Jim Cramer says opportunistic mergers help deliver value to shareholders during difficult times.
The companies aren't oblivious to this difficult environment. It isn't just that they look at the futures and say, "Uh oh, here comes another bad one" -- the reaction we all feel today. No, it doesn't work like that. They realize that growth's been lowered worldwide and that they can't do ...
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Denbury strikes a $3.25 billion deal for Encore
Filed under: Deals, JPMorgan Chase (JPM)  In North America, the big focus for independent exploration and production firms is on natural gas. Yet, there is still a good amount of oil to be tapped (assuming prices remain relatively high).
So this week, Denbury Resources (NYSE: DNR) capitalized on the opportunity by shelling out $3.2 billion for Encore Acquisition (NYSE: EAC). It's not cheap, coming at a 35% premium. Yet, the deal will create a powerhouse in oil exploration and production in North America.
interestingly enough, in a sign that credit markets are loosening up, JPMorgan (NYSE: JPM)...
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Encore Acquisition Announces Tertiary Recovery Project
 Buy-recommended Encore Acquisition Company (EAC) offers unlevered appreciation potential of 15% to a McDep Ratio of 1.0 where stock price would equal Net Present Value (NPV) of $44 a share. On July 14 we reduced NPV from $48 when we reduced estimated Present Value of North American Natural Gas by 20%.
<>Released late July 28, second quarter results demonstrated strong recovery in unlevered cash flow (Ebitda) from the first quarter not only with oil price, but also in lower than expected operating cost. Volume is resisting decline despite reduced drilling. The turn in Ebitda may be the start o...
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About Encore Acquisition Company
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