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Stock Market & Financial Investment News

News Breaks
August 7, 2014
07:54 EDTBHIBaker Hughes reports July international rig count up 38 to 1,382
Baker Hughes announced that the international rig count for July was 1,382, up 38 from the 1,344 counted in June, and up 77 from the 1,305 counted in July 2013. The international offshore rig count for July was 336, up 16 from the 320 counted in June, and up 16 from the 320 counted in July 2013. The average U.S. rig count for July was 1,876, up 15 from the 1,861 counted in June, and up 110 from the 1,766 counted in July 2013. The average Canadian rig count for July was 350, up 110 from the 240 counted in June, and up 59 from the 291 counted in July 2013. The worldwide rig count for July was 3,608, up 163 from the 3,445 counted in June, and up 246 from the 3,362 counted in July 2013.
News For BHI From The Last 14 Days
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February 5, 2016
13:03 EDTBHIBaker Hughes reports U.S. rig count down 48 rigs to 571
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06:07 EDTBHIBaker Hughes reports January international rig count 1,045
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February 3, 2016
18:34 EDTBHIEuropean Commission extends review of Halliburton-Baker Hughes merger by 20 days
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January 29, 2016
13:03 EDTBHIBaker Hughes reports U.S. rig count down 18 to 619 rigs
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January 28, 2016
20:07 EDTBHISuperior Drilling to host business news update conference call
Business news update conference call to be held on January 29 at 9 am. Webcast Link
16:22 EDTBHISuperior Drilling to supply Baker Hughes with Strider Drill System
Superior Drilling (SDPI) announced that it reached an agreement to supply the company's Strider Drill String Oscillation System and related services to Baker Hughes (BHI). The Strider utilizes its unique patent-pending design to reduce drill string friction on horizontal wells, resulting in improved rates of penetration and cost savings. Its revolutionary engineering provides a cost effective alternative to conventional downhole vibration tools.
08:06 EDTBHIBaker Hughes says 'fully dedicated' to closing merger as early as possible
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08:05 EDTBHIBaker Hughes sees rig activity worldwide to continue to decline throughout 2016
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08:04 EDTBHIBaker Hughes reports Q4 adjusted EPS (21c), consensus (10c)
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06:07 EDTBHIHalliburton upgraded to Buy from Accumulate at KLR Group
KLR Group analyst Darren Gacicia upgraded Halliburton (HAL) to Buy saying the risk/reward is favorable at current share levels. North America should be the first region to increase oil production activity in a recovery, and Halliburton has high exposure, Gacicia tells investors in a research note. Further, investor concerns related to the Baker Hughes (BHI) merger may present a positive catalyst for the shares whether the merger is completed or terminated, the analyst contends. He believes both companies remain motivated to complete the deal. Gacicia keeps a $44 price target for Halliburton shares. The oil services company closed yesterday up 12c to $29.06.
January 27, 2016
14:34 EDTBHINotable companies reporting before tomorrow's open
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January 26, 2016
08:00 EDTBHIHalliburton weakness a buying opportunity for long-term investors, says UBS
UBS said the weakness in Halliburton (HAL) is a buying opportunity with or without Baker Hughes (BHI) as an acquisition. The firm believes the company offers the highest quality play on a recovery in North American oil prices. UBS reiterated its Buy rating and lowered its price target to $45 from $48 on Halliburton shares.

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