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News Breaks
April 22, 2013
08:37 EDTHAL, BPFlorida files suit against BP, Halliburton over oil spill
Florida Attorney General Pam Bondi announced Saturday that she has filed a lawsuit against BP (BP) and Halliburton (HAL) over the Deepwater Horizon oil spill. The lawsuit was filed in the Panama City Division of the Northern District of Florida and lawsuit includes numerous federal, state and maritime counts. Under the Oil Pollution Act, Florida said it is entitled to the revenues it lost due to the oil spill, including sales and use taxes. The state is also seeking punitive damages under maritime and Florida common law.
News For BP;HAL From The Last 14 Days
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October 8, 2015
05:24 EDTBPStocks with implied volatility movement; ASNA BP
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October 5, 2015
14:44 EDTBPBP management to meet with JPMorgan
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11:35 EDTBPBP edges 50-day moving average
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11:27 EDTBPU.S., five Gulf states reach settlement with BP; total resolution worth $20.8B
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08:02 EDTHALMiX Telematics enters multi-year agreement with Halliburton
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07:37 EDTHALMiX Telematics enters into multi-year agreement with Halliburton
MiX Telematics (MIXT) announced that it has entered into a multi-year agreement with Halliburton (HAL), to provide fleet management, safety and compliance solutions for Halliburton's North American fleet of more than 15,000 vehicles.
October 2, 2015
06:28 EDTBPBP in talks over deal with Iran, the Times reports
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October 1, 2015
09:35 EDTBPActive equity options trading on open
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September 30, 2015
18:28 EDTHALCourt says Interior Department lacks authority for fracking rule, WSJ reports
A federal court judge ruled that the Interior Department lacked the authority to institute a stricter rule on fracking, reports the Wall Street Journal, citing Judge Scott Skavdahl's preliminary injunction. Publicly traded companies in the space include Baker Hughes (BHI), IHS Inc. (IHS), Halliburton (HAL), Nabors Industries (NBR), and Weatherford (WFT). Reference Link
11:39 EDTHALStocks with call strike movement; BIIB HAL
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September 28, 2015
10:37 EDTHALAnalysts sees upside for Halliburton as Baker Hughes deal moves forward
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10:00 EDTBPOn The Fly: Analyst Initiation Summary
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08:03 EDTBPBP initiated with an Outperform at BMO Capital
06:48 EDTHALHalliburton and Baker Hughes announce additional divestiture proposals
Halliburton (HAL) and Baker Hughes (BHI) announced that the companies will market for sale additional businesses in connection with Halliburton's pending acquisition of Baker Hughes. Pursuant to the Merger Agreement, and in order to permit completion of Halliburton's acquisition of Baker Hughes, the following additional businesses are intended to be divested: Halliburton's expandable liner hangers business, which is part of the company's Completion & Production Division; Baker Hughes' core completions business, which includes: packers, flow control tools, subsurface safety systems, intelligent well systems, permanent monitoring, sand control tools and sand control screens; the Baker Hughes sand control business in the Gulf of Mexico, including two pressure pumping vessels; and Baker Hughes' offshore cementing businesses in Australia, Brazil, the Gulf of Mexico, Norway, and the United Kingdom. The combined 2013 revenue associated with all of the businesses intended to be divested was approximately $5.2B. The sale of these businesses will be subject to the negotiation of acceptable terms and conditions for the divestitures, the approval of the divesting company's board, and final approval of the Baker Hughes acquisition by competition enforcement authorities. Halliburton anticipates that the companies will complete the sales of these businesses in the same timeframe as, and the closing of the divestitures would be conditioned on, the closing of the pending Baker Hughes acquisition.
06:20 EDTBPBP not concerned over hostile takeover due to Macondo disclaimer, Bloomberg says
BP, which is allegedly readying defenses for potential acquisition offers, isn't concerned about a hostile takeover because of a disclaimer in its Macondo spill settlement that could put $12.6B onto the price tag, Bloomberg reports. A potential buyer may have to accelerate the payment of as much as two-thirds of the $18.7B in penalties BP agreed to pay the U.S. and several states, the report says, citing company filings. An option that provides the government and certain states the power to demand faster payment in a takeover basically hands them a veto over any deal, the report says. Reference Link

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