3 Energy Stock Stories To Spark Weekend Investment Chatter

Royal Dutch Shell (NYSE:RDSA): Closing price $68.47

On Friday, the joint venture Nigeria LNG said that it has lifted the force majeure on its liquefied natural gas exports, coming two weeks after the maritime regulator of Nigeria removed a blockade of its operations over a tax dispute. Nigeria LNG had declared the force majeure, effective June 28, subsequent to a blockade by the Nigerian Maritime Administration and Safety Agency, or NIMASA, which blocked LNG tankers from accessing the firm’s loading terminal on Bonny Island in the Niger Delta region. The blockade came from a long-running dispute regarding the payment of duties on freight and exports. The Nigeria LNG spokeswoman Kudo Eresia-Eke said, ”As at today (Friday), the 6-Train NLNG Bonny Complex finally reached its normal operating capacity such that export operations can be declared as being fully normalized. Consequently, the company has declared the current force majeure lifted to both buyers and gas suppliers.” Nigeria LNG is a joint venture of Shell, Total SA (NYSE:TOT), and Eni SpA.

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Enbridge Inc. (NYSE:ENB): Closing price $44.53

Enbridge said Friday that it is going forward with the building of the Woodland Pipeline Extension Project, which will extend the Woodland Pipeline south from Enbridge’s Cheecham Terminal to its Edmonton Terminal, to link up with refineries and export pipelines in the Edmonton area. This project has an estimated cost of $1.3 billion, of which one half is Enbridge’s capital contribution, and a planned in-service date in the third quarter of 2015. The 228-mile, 36-inch Woodland Pipeline Extension will have an initial capacity of 400,000 barrels per day, with the ability to be expanded to around 800,000 barrels per day dependent upon crude viscosity.

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Halliburton Co. (NYSE:HAL): Closing price $45.99

Moody’s Investors Service has affirmed Halliburton Company’s A2 long-term debt and Prime-1 commercial paper ratings, and lowered the rating outlook to Negative from Stable. This rating modification follows Halliburton’s announcement that it will begin a modified Dutch auction to tender for as many as $3.3 billion shares of common stock. Moody’s Vice President, Senior Analyst Michael Somogyi, said that “The negative outlook reflects Halliburton’s more aggressive financial posture evidenced by debt funded common stock repurchase activity and a higher anticipated leverage profile. While the company has made progress in defining its liability exposure related to Macondo, there is still uncertainty surrounding the settlement of private claims stemming from the Macondo multi-district litigation.”

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