New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
November 28, 2011
12:33 EDTRIG, BP, HALBP, Transocean, Halliburton may be charged with more violations, Bloomberg says
BP (BP), Transocean (RIG), and Halliburton (BP) may receive notices of additional violations of U.S. rules related to the 2010 Gulf oil spill, Michael Bromwich, the director of the Bureau of Safety and Environmental Enforcement, told Bloomberg. Reference Link
News For BP;RIG;HAL From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 30, 2015
07:42 EDTRIGTransocean upgraded to Buy from Neutral at Guggenheim
Guggenheim analyst Michael La Motte has become bullish on the oil services sector for the first time in nearly two years due to expectations the global oil market will begin to tighten in 2016 and could reach $100/bbl by 2018, stocks are out of favor and have a lot of upside from sentiment getting less negative, and earnings will bottom in first half 2016.
November 27, 2015
10:37 EDTHALEU Commission sets Jan. 12 deadline to rule on Baker Hughes, Halliburton deal
Subscribe for More Information
November 24, 2015
11:05 EDTRIGStocks with call strike movement; NFLX RIG
Subscribe for More Information
November 23, 2015
05:25 EDTRIGTransocean announces intention to delist from SIX Swiss Exchange
Transocean announced its intent to delist its shares from the SIX Swiss Exchange. The company expects the SIX listing authorities to approve its delisting application prior to year-end and the related delisting to occur in Q1. The company will remain incorporated in Switzerland and its shares will continue to be listed and traded on the New York Stock Exchange.
November 18, 2015
08:37 EDTHALBaker Hughes has superior risk/reward ratio, says BMO Capital
BMO Capital believes that Baker Hughes (BHI) has one of the best risk/reward ratios in its coverage universe. The firm thinks the stock will rise 25% if its acquisition by Halliburton closes, and fall only 9%-14% in the medium term if the deal falls through. BMO now sees an 80% chance of the deal closing, up from 70% previously.
November 17, 2015
10:16 EDTBPBP confirms exploring sale of Alabama petrochemical facility
BP confirmed that it has decided to market for sale its Decatur, Alabama, petrochemicals complex as part of a broader reorganization of the company's global petrochemicals business. BP said its refocused petrochemicals strategy is pursuing a competitively advantaged portfolio through world-scale, low-cost facilities that utilize BP proprietary technology including the production of purified terephthalic acid, or PTA, a key raw material in the production of polyester. BP is spending $200M to upgrade its Cooper River, S.C., plant and its sister facility in Geel, Belgium - the largest PTA-producing sites in the Americas and Europe, respectively. The investment will enable the two facilities to lower operating costs, improve reliability and reduce emissions. Earlier this year, BP also started up its new Zhuhai 3 unit in Guangdong Province, China. Using BP's latest technology and capable of producing up to 1.25M tons of PTA per year, Zhuhai 3 is the world's largest single-train PTA production unit as well as being one of the largest and most efficient PTA production units in the world. While BP's Decatur complex no longer fits with this strategy, the facility has been a major contributor to BP's U.S. petrochemicals business for many years. It makes chemicals essential for the production of thousands of items, from plastic water bottles to flat-screen televisions. BP expects to complete a sale of all or part of the facility provided a buyer can be found and an acceptable deal can be reached. Reference Link
09:48 EDTBPBP to explore sale of Alabama petrochemical plant, Bloomberg reports
Bloomberg cites e-mailed statement from BP.
November 16, 2015
16:00 EDTRIGOptions Update; November 16, 2015
Subscribe for More Information
06:51 EDTBPBig energy firms saw 70% earnings dip for first nine months, WSJ says
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use