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Stock Market & Financial Investment News

News Breaks
March 4, 2013
08:15 EDTNSC, CP, GWR, APA, APC, CNI, RA, KSU, FTI, UNP, CSX, CHK, CAMBuffet says railroads have explored conversion to natural gas
Buffet says price of natural gas compared to other fuels warrants at least examining "converting any kind of engine" to natural gas. Warren Buffet speaking on CNBC.
News For APC;CAM;FTI;APA;CHK;KSU;GWR;CSX;RA;CP;UNP;CNI;NSC From The Last 14 Days
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August 26, 2015
07:00 EDTCAMSchlumberger volatility elevated into acquiring Cameron in a $14.8B deal
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06:21 EDTCAMSchlumberger to host conference call
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06:11 EDTCAMCameron volatility elevated into Schlumberger agrees to acquire in $14.8B deal
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06:04 EDTCAMSchlumberger agrees to acquire Cameron in deal valued at $14.8B
Schlumberger Limited (SLB) and Cameron (CAM) jointly announced a definitive merger agreement in which the companies will combine in a stock and cash transaction. The agreement was unanimously approved by the boards of both companies. Under the terms of the agreement, Cameron shareholders will receive 0.716 shares of Schlumberger common stock and a cash payment of $14.44 in exchange for each Cameron share. Based on the closing stock prices of both companies on August 25, the agreement places a value of $66.36 per Cameron share, representing a 37.0% premium to Cameron's 20-day volume weighted average price of $48.45 per share, and a 56.3% premium to Cameron's most recent closing stock price of $42.47 per share. Upon closing, Cameron shareholders will own approximately 10% of Schlumberger's outstanding shares of common stock. The total transaction has a value of $14.8B as of August 25. Schlumberger expects to realize pretax synergies of approximately $300M-$600M in the first and second year, respectively. Initially, the synergies are primarily related to reducing operating costs, streamlining supply chains, and improving manufacturing processes, with a growing component of revenue synergies in the second year and beyond. Schlumberger also expects the combination to be accretive to EPS by the end of the first year after closing. The transaction combines two complementary technology portfolios into a "pore-to-pipeline" products and services offering to the global oil and gas industry. On a pro forma basis, the combined company had 2014 revenues of $59B. The transaction is subject to Cameron shareholders' approval, regulatory approvals and other customary closing conditions. It is anticipated that the closing of the transaction will occur in Q1 of 2016.
06:01 EDTCAMSchlumberger agrees to acquire Cameron in deal valued at $14.8B
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August 25, 2015
10:10 EDTKSUHigh option volume stocks
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August 24, 2015
10:10 EDTFTIHigh option volume stocks
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August 21, 2015
12:22 EDTAPCChanos say still short Exploration & Production space
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07:05 EDTCHKChesapeake reports notice of proposed voluntary dismissal of derivative action
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August 20, 2015
11:00 EDTAPCAnadarko August calls active
Anadarko August 72 and 73.5 calls are active on total call volume of 7K contracts (1K puts) on takeover speculation. August call option implied volatility is at 55, August weekly is at 44, September is at 40; compared to its 52-week range of 22 to 56. Active call volume suggests traders taking positions for large near term price movement.
10:55 EDTAPCRumor: Anadarko moves off lows on renewed takeover speculation
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10:00 EDTUNPOn The Fly: Analyst Downgrade Summary
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10:00 EDTKSUOn The Fly: Analyst Upgrade Summary
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06:52 EDTUNPUnion Pacific downgraded to Neutral from Outperform at Macquarie
Macquarie downgraded Union Pacific to Neutral and lowered its price target to $95 form $105. The firm believes upcoming gas capacity will pressure rail growth in 2017-2018 and displaced coal volumes will be hard to overcome.
06:52 EDTKSUKansas City Southern upgraded to Outperform from Neutral at Macquarie
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August 19, 2015
16:00 EDTCHKOptions Update; August 19, 2015
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07:33 EDTCAMCameron and Schlumberger's Subsea to supply pump system for Stones development
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August 18, 2015
16:00 EDTCHKOptions Update; August 18, 2015
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August 14, 2015
17:17 EDTFTIPoint72 gives quarterly update on stakes
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07:03 EDTCHKCrude price slide has oil firms turning to private equity, Reuters reports
Another drop in crude oil prices has oil companies returning calls from potential buyers, Reuters reports. Oil firms may start relying on capital markets investors betting on a quick recovery in prices, the report says. "It didn't solve people's problems, so now when you roll to 2016 ...there will be an opportunity for private equity-backed companies with plenty of capital in place to go out and start buying," said Carl Tricolo, managing partner at private equity fund Denham Capital, in the report. Publicly traded companies in the space include Chesapeake Energy (CHK), American Electric Power Company (AEP), and Linn Energy (LINE). Reference Link
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