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Stock Market & Financial Investment News

News Breaks
March 19, 2013
09:36 EDTBHIBaker Hughes CEO sees $17B opportunity from ultra-deepwater wells
Baker Hughes' CEO Martin Craighead said the company has identified 10 customers that intend to collectively drill almost 300 ultra-deepwater wells over the next eight to ten years, which represents a $17B opportunity. The CEO added certain ultra-deepwater projects require up to a half a million pounds of proppant and "there are only two vessels in the world that can handle two and a half million pounds of proppant, and they belong to Baker Hughes." Craighead also said the company sees the potential for its synthetic gels to replace guar in drilling.
News For BHI From The Last 14 Days
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July 25, 2014
13:03 EDTBHIBaker Hughes reports U.S. rig count up 12 to 1883 rigs
Baker Hughes announced that the U.S. Rig Count is up 12 rigs from last week to 1883, with oil rigs up 8 to 1562, gas rigs up 3 to 318, and miscellaneous rigs up 1 to 3. Says the U.S. Rig Count is up 107 rigs from last year at 1776, with oil rigs up 161, gas rigs down 51, and miscellaneous rigs down 3. The U.S. Offshore rig count is 60, up 3 rigs from last week, and up 2 year over year.
July 21, 2014
10:02 EDTBHIOn The Fly: Analyst Upgrade Summary
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06:23 EDTBHIBaker Hughes upgraded to Buy from Neutral at Guggenheim
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July 18, 2014
13:04 EDTBHIBaker Hughes reports U.S. rig count down 4 to 1871
Baker Hughes announced that the U.S. Rig Count is down 4 rigs from last week to 1871, with oil rigs down 9 to 1554, gas rigs up 4 to 315, and miscellaneous rigs up 1 to 2. Says the U.S. Rig Count is up 101 rigs from last year at 1770, with oil rigs up 159, gas rigs down 54, and miscellaneous rigs down 4. The U.S. Offshore rig count is 57, up 1 rig from last week, and unchanged year over year.
July 17, 2014
06:33 EDTBHIBaker Hughes reports Q2 adjusted EPS 92c, consensus 90c
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July 16, 2014
15:27 EDTBHINotable companies reporting before tomorrow's open
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