Conneticut 3/7/2013 1:15:18 AM
News / Stocks

Volume Gainers: BHP Billiton Ltd. (NYSE:BHP) and The Fresh Market (NYSE:TFM),

We’re plainly going to be very serious in Australia and we’re going to be very serious in Europe, BHP Billiton

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BHP Billiton Ltd. (BHP), the world’s biggest mining firm, is thinking over shale formations in Australia, Europe and South America as it stays aimed towards on developing onshore assets in the US.

We’re plainly going to be very serious in Australia and we’re going to be very serious in Europe, BHP Billiton (NYSE:BHP) Petroleum Chief Executive Officer Michael Yeager reported in an interview at the IHS CERAWeek conference in Houston on Wednesday.

In time, you would see us begin to take land positions and you would begin to see us possibly do some things associated to those resources, Yeager reported, though he highlighted that the firm is moving carefully as it ponders most of its firepower on US opportunities.

BHP might think over selling its Liverpool Bay venture in the UK as the project gets old, and has been in touch with potential purchasers, Yeager added. The firm is not looking to sell a huge asset like its exploration and production assets in Pakistan at this point, he added.

Stock of The Fresh Market (NYSE:TFM) plunged down in the premarket on Wednesday session following the specialty grocer reported gloomy fourth-quarter earnings views and gave a weak outlook.

The news contains a recent decline that has observed The Fresh Market's (TFM) value drop 15% since Feb. 13 and 32% since Nov. 23. Its shares declined to a 13-month ending low of 42.55 on Tuesday.

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