We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Eni (E) Strikes Premium Oil in Afoxe-1 NFW Well Off Angola
Read MoreHide Full Article
Eni SpA (E - Free Report) announced the discovery of new oil at the Afoxé exploration prospect, located off the coast of Angola. The company estimates findings in the prospect to comprise light crude between 170 and 200 million barrels.
The integrated energy company drilled the Afoxé-1 NFW well to a total depth of 1,723 meters. Eni added that the well contains premium quality crude with net oil pay of 20 meters.
The new findings have established that the prospect for exploring crude oil in the Block 15/06’s southern portion is robust. This also convinced the company to decide on drilling, through 2019, four new exploration wells in the block — earlier thought to hold mainly natural gas.
In a separate announcement, the company declared the commencement of oil production from Vandumbu field, also located in Block 15/06. Notably, the field generated first oilin late November. The company added that West Hub N’Goma floating production, storage and offloading unit (FPSO) has been employed for the field’s activities.
The company also said that through the FPSO unit, daily oil production from the block is rising by 20,000 barrels, thanks to crude production from Vandumbu field and commencement of activities by subsea multiphase boosting system (SMBS).
Headquartered in Rome, Italy, Eni currently sports aZacks Rank #1 (Strong Buy). Other prospective stocks in the energy space include TC PipeLines, LP , Cabot Oil & Gas Corporation and Unit Corporation . All the stocks sport a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
TC PipeLines beat the Zacks Consensus Estimate in three of the last four quarters, the average positive earnings surprise being 15.6%.
Cabot will likely post earnings growth of 113.2% and 59.9% through 2018 and 2019, respectively.
Unit Corporation surpassed the Zacks Consensus Estimate in three of the last four quarters, the average positive earnings surprise being 21.3%.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
Image: Bigstock
Eni (E) Strikes Premium Oil in Afoxe-1 NFW Well Off Angola
Eni SpA (E - Free Report) announced the discovery of new oil at the Afoxé exploration prospect, located off the coast of Angola. The company estimates findings in the prospect to comprise light crude between 170 and 200 million barrels.
The integrated energy company drilled the Afoxé-1 NFW well to a total depth of 1,723 meters. Eni added that the well contains premium quality crude with net oil pay of 20 meters.
The new findings have established that the prospect for exploring crude oil in the Block 15/06’s southern portion is robust. This also convinced the company to decide on drilling, through 2019, four new exploration wells in the block — earlier thought to hold mainly natural gas.
In a separate announcement, the company declared the commencement of oil production from Vandumbu field, also located in Block 15/06. Notably, the field generated first oilin late November. The company added that West Hub N’Goma floating production, storage and offloading unit (FPSO) has been employed for the field’s activities.
The company also said that through the FPSO unit, daily oil production from the block is rising by 20,000 barrels, thanks to crude production from Vandumbu field and commencement of activities by subsea multiphase boosting system (SMBS).
Eni SpA Price
Eni SpA Price | Eni SpA Quote
Headquartered in Rome, Italy, Eni currently sports aZacks Rank #1 (Strong Buy). Other prospective stocks in the energy space include TC PipeLines, LP , Cabot Oil & Gas Corporation and Unit Corporation . All the stocks sport a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
TC PipeLines beat the Zacks Consensus Estimate in three of the last four quarters, the average positive earnings surprise being 15.6%.
Cabot will likely post earnings growth of 113.2% and 59.9% through 2018 and 2019, respectively.
Unit Corporation surpassed the Zacks Consensus Estimate in three of the last four quarters, the average positive earnings surprise being 21.3%.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>