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Stock Market & Financial Investment News

News Breaks
May 15, 2014
09:08 EDTCLB, WLL, RES, FTI, BAS, WFT, HERO, EXXI, AREX, TESO, GDPIberia Capital Partners to hold a conference
Oil & Gas Day to be held in New York on May 15.
News For AREX;BAS;CLB;EXXI;FTI;GDP;HERO;RES;TESO;WFT;WLL From The Last 14 Days
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April 21, 2015
16:07 EDTFTIFMC Technologies sees FY15 Subsea Technologies inbound awards of at least $3B
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16:06 EDTFTIFMC Technologies reports Q1 EPS 63c, consensus 59c
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15:28 EDTFTINotable companies reporting after market close
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10:09 EDTFTIHigh option volume stocks
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April 20, 2015
08:50 EDTWLLWhiting Petroleum announces plan to implement proxy access, declassify board
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07:22 EDTGDPIndependent Petroleum Association of America to hold a conference
IPAA-OGIS New York is being held in New York on April 20-22.
April 17, 2015
08:29 EDTWFTU.S. may be at, or near, peak oil output, WSJ says
New data and forecasts suggest lower crude prices are finally prompting U.S. energy companies to cut back their crude output, according to The Wall Street Journal, citing reports from OPEC, the DOE and North Dakota. Publicly traded oil majors include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Publicly traded drillers and oil services companies include Baker Hughes (BHI), Diamond Offshore (DO), Halliburton (HAL), Nabors Industries (NBR), Noble Corp. (NE), Rowan Companies (RDC), Schlumberger (SLB), Transocean (RIG) and Weatherford (WFT). Reference Link
April 16, 2015
09:34 EDTWFTWeatherford downgraded to Neutral from Accumulate at Global Hunter
09:34 EDTBASBasic Energy downgraded to Reduce from Neutral at Global Hunter
April 15, 2015
08:58 EDTWFTOil services stocks should be bought on dips, says BMO Capital
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08:57 EDTTESOTesco 3.2M share Block Trade priced at $11.35
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06:41 EDTWLLWhiting Petroleum coverage resumed with a Neutral at Goldman
Target $29.
06:16 EDTWFTOil layoffs reach 100,000 and still going, WSJ reports
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April 14, 2015
09:20 EDTRES, CLBMorgan Stanley calls a bottom in Oil Services sector
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April 13, 2015
13:26 EDTBASOn The Fly: Top stock stories at midday
Stocks on Wall Street were mixed at midday, with the Dow and S&P 500 slightly lower and the Nasdaq clinging to a narrow gain. The broader market opened in positive territory and the averages moved in a narrow trading range during the morning. The Nasdaq has been the strongest of the indices since the open, though early gains from Apple (AAPL) and Qualcomm (QCOM) had evaporated by near midday, taking a bite out of the gains the index had been seeing earlier in the session. ECONOMIC EVENTS: In the U.S., no major economic data was released. In China, export sales unexpectedly contracted 15% in March, while imports shrank 12.7% last month from a year ago. The March fall in imports was in line with forecasts, unlike the one for exports, which were expected to rise 12%. COMPANY NEWS: Activist investor Jana Partners is putting pressure on Qualcomm to increase stock buybacks and take other actions to increase shareholder value, including an exploration of spinning off its chip unit from its patent-licensing unit. In response to statements made by JANA, Qualcomm noted that it recently increased its stock repurchase authorization to $15B and repeated that it plans to repurchase $10B of common stock within one year. Barry Rosenstein of JANA Partners, while speaking on CNBC, said Qualcomm should buy back $15B of its shares over the next six months, before the company undertakes strategic actions that could move the stock higher... Apple shares were rising early in the trading day but had given up their gains by midday. Pre-orders of its new Apple Watch started Friday. The company did not release any sales figures for the first weekend, but research firm Slice Intelligence estimated that nearly one million customers in the U.S. preordered the device on the first day it was available. MAJOR MOVERS: Among the notable gainers were Alamos Gold (AGI), which rose 6%, and AuRico Gold (AUQ), which rose 7%, after the companies announced an agreement to combine via "a merger of equals" with a transaction equity value of about $1.5B. Upon completion of the deal, former Alamos and AuRico shareholders will each own approximately 50% of the new Alamos Gold and a new company, to be named AuRico Metals, will be created to hold AuRico's Kemess project and some other assets. The newly formed company will own a 4.9% equity interest in the spinoff and the remaining "SpinCo" shares will be distributed 50% each to former Alamos and AuRico shareholders. Also higher was Builders FirstSource (BLDR), which gained 65% after announcing that it has entered into an agreement to acquire ProBuild Holdings in an all-cash transaction valued at about $1.63B. Among the noteworthy losers was Basic Energy (BAS), which fell 8% after Raymond James downgraded the stock to Market Perform based on valuation, substantial pricing pressure, and industry overcapacity. Also lower were U.S.-listed shares of Sina (SINA), which dropped 5% after the Financial Times reported that China's government has warned that it will shut down the company's service if it does not "improve censorship." INDEXES: Near midday, the Dow was down 19.08, or 0.11%, to 18,038.57, the Nasdaq was up 7.93, or 0.16%, to 5,003.91, and the S&P 500 was down 3.04, or 0.14%, to 2,099.02.
10:31 EDTWLLWhiting Petroleum sees Q1 production 14.45MMBOE-14.85MMBOE
Sees FY15 production 59MMBOE-59.7MMBOE. Sees FY15 CapEx $2B. Comments from investor presentation slides.
10:00 EDTBAS, FTIOn The Fly: Analyst Downgrade Summary
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08:31 EDTBASBasic Energy downgraded to Market Perform from Outperform at Raymond James
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08:31 EDTFTIFMC Technologies downgraded to Market Perform from Outperform at Raymond James
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06:09 EDTBASBasic Energy reports March well servicing rig count unchanged at 421
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