Read/Post Comments (0) | Recommended this article (0)
Please login to Zacks.com or register to post a comment.
- Latest News
- Most Popular
- What is the Stock Market's Achilles Heel?
- 3 Dividend Stocks at Reasonable Prices
- RTI: Are You Doing the Elon Musk Trade?
- Buy These ETFs to Profit from "Sector Rotation"
- Oil & Gas Industry Stock Outlook - May 2013
- Uncharted Territory
- 4 Ways to Short Oil with ETFs
- Options Strategies & the Zacks Rank
- This Week's Growth & Income Stocks
- AWS 5/17: The Fed: The Only Game in Town
- PFP 5/17: The ONLY Investment Story
Recent Quotes
| No Recent Quote currently available |
My Portfolio
|
My Portfolio Tracker One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today. |
More Zacks Resources
Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.
Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.
Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.
My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.
Zacks #1 Stocks on the Move 05/17/2013
| Company Name | Symbol | %Change |
|---|---|---|
| VIASAT INC | VSAT | 19.35% |
| OLD SECOND B | OSBC | 5.76% |
| GAMCO INVEST | GBL | 4.61% |
| CORNING INC | GLW | 4.47% |
| SYNCHRONOSS | SNCR | 4.23% |
Quick Links
Resources
Client Support
Zacks Research is Reported On:
Zacks Investment Research
is an A+ Rated BBB
Accredited Business.
Copyright 2013 Zacks Investment Research
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1986 it has nearly tripled the S&P 500 with an average gain of +26% per year. These returns cover a period from 1986-2011 and were examined and attested by Baker Tilly, an independent accounting firm.
Visit performance for information about the performance numbers displayed above.
NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed.
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext. 9339.
British energy major BP Plc ( BP - Analyst Report ) has commenced the initial production from the Galapagos development in the deepwater U.S. Gulf of Mexico.
The Galapagos development is among the series of six new high-margin upstream projects that the company intends to bring online in 2012. The Galapagos development comprises three deepwater fields – Isabela, Santiago and Santa Cruz. Production from the fields is being churned out by using subsea equipment lying on the floor of the Gulf.
The output from this new development is transferred to the adjacent, BP-operated Na Kika host facility. A production flowline loop has been recently added for the purpose of carrying the yield to the platform, situated about 140 miles southeast of New Orleans, in a water depth of 6,500 feet.
With a daily production capacity of 130,000 barrels of oil equivalent, the Na Kika facility has been partially modified to manage the current yield from these three fields. Complete upgrade of the project is anticipated by June end.
BP has a total stake of about 56% in the three-block area including the fields comprising the Galapagos project. The other partners in these projects are Noble Energy, Inc. ( NBL - Analyst Report ) , Red Willow Offshore, LLC, and Houston Energy, L.P. BP has the operatorship of the Isabela field while the Santiago and Santa Cruz are operated by Noble Energy.
The commissioning of this project marks a significant milestone. BP expects the financial momentum from these operational initiatives to continue through 2013 and 2014. The Galapagos development also boosts the potential of BP as a key offshore production hub.
BP, which owns over 650 leases in the deepwater U.S. Gulf of Mexico, has re-established its position in the region with this project – the first new field development to come online since the Macondo disaster in 2010. In fact, the company has planned an annual investment of around $4 billion over the next decade in oil and gas development in the Gulf of Mexico. BP’s long-term strategy remains strengthening its position in the Gulf Coast region and the U.S.
BP holds a Zacks #3 Rank, which is equivalent to a Hold rating for a period of one to three months. Longer term, we maintain our Neutral recommendation on the stock.
Read the full reports :
Analyst Report on BP
Analyst Report on NBL