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Stock Market & Financial Investment News

News Breaks
November 28, 2011
12:33 EDTBP, HAL, RIGBP, 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
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January 16, 2015
16:00 EDTRIGOptions Update; January 16, 2015
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12:30 EDTHALHalliburton volatility elevated into Q4 and outlook
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12:00 EDTHALHalliburton technical comments ahead of results
The shares have been beaten down along with declining crude prices, but have begun a process of basing since early December of last year. That base is defined by lows at the $37.50 area and highs at the $41 area. If the shares can break above the $41 level on news that is more bullish than currently expected, it could begin a recovery process in the stock. Resistance levels to watch in that event would be at $42.20 and then at $44.37. If the shares were to break below the low of the base at the $37.50 area, notably taking out the 52-week low at $37.21, then there would be a resumption of the longer-term downtrend. Support levels to watch in that case would be at $36.40, $35.32, and $33.07.
10:24 EDTHAL, BPOptions point to oil falling to near $30 per barrel, Merrill Lynch says
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10:01 EDTBPOn The Fly: Analyst Downgrade Summary
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08:29 EDTBPBP downgraded to Underweight from Neutral at JPMorgan
JPMorgan downgraded BP to Underweight saying it expects 2015/2016 consensus estimates for Big Oil names to decline by more than 50% as oil price outlooks come down.
07:37 EDTBPBP downgraded to Hold from Buy at Canaccord
06:49 EDTBPOil prices climb after IEA says production falling, Reuters reports
Oil prices rebounded today after the International Energy Agency, or IEA, said it saw signs that oil production was falling in some areas, including North America, according to Reuters. "A price recovery...may not be imminent, but signs are mounting that the tide will turn," Reuters quoted the IEA as saying. Oil prices could rebound in the second half of the year, the IEA indicated, the news service reported. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
January 15, 2015
17:53 EDTBPBP may pay up to $13.7B in fines for Deepwater Horizon Gulf spill case, WSJ says
BP may have to pay a maximum $13.7B in fines for the oil that escaped into the Gulf of Mexico in the 2010 Deepwater Horizon incident, says the Wall Street Journal. A federal judge ruled that the company is liable for just over 3M barrels of oil spilled in the disaster, added the Wall Street Journal. Reference Link
17:33 EDTRIGTransocean provides fleet status report, says value of contracts is $24M
Transocean Ltd issued a comprehensive Fleet Status Report which provides the current status and contract information for the company's entire fleet of offshore drilling rigs. The total value of new contracts since the December 18, 2014 Fleet Update Summary is approximately $24M. The report includes the following: Transocean Searcher - Awarded a one well contract in the Norwegian sector of the North Sea at a dayrate of $340,000, $14M estimated backlog. The rig's prior dayrate was $368,000. M.G. Hulme, Jr. was awarded a one well contract offshore Malaysia at a dayrate of $174,000, $10M estimated backlog. The rig's previously announced contract dayrate was $200,000. The company intends, in an evironmentally responsible manner, to scrap the deepwater floater Discoverer Seven Seas. The rig is classified as held for sale. Including this rig, the company has already or intends to scrap a total of 12 lower-specification floaters. Additionally, the Transocean Rather is held for sale. The rig was previously stacked.
11:11 EDTRIGStocks with call strike movement; RIG PBR
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08:55 EDTHALHalliburton volatility elevated into Q4 and outlook
Halliburton January weekly call option implied volatility is at 47, February is at 43, March is at 40; compared to its 26-week average of 35 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on January 20.
06:10 EDTBPBP cutting 300 jobs in onshore roles, Daily Mail reports
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January 14, 2015
11:28 EDTRIGStocks with call strike movement; RIG AVP
Transocean (RIG) May 17 call option implied volatility increased 11% to 80, Avon Products (AVP) April 9 call option implied volatility increased 4% to 65 according to IVolatility.
06:54 EDTBPEnergy Department says oil production to rise this year, NY Times says
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January 12, 2015
16:00 EDTRIGOptions Update; January 12, 2015
iPath S&P 500 VIX Short-Term Futures up 1.57 to 33.54. Option volume leaders: AAPL TSLA TWTR AMZN AA SIRI RIG FRO C according to Track Data.
14:51 EDTBPSaudi Prince Alwaleed says oil won't hit $100 again, USA Today reports
Oil will never reach a price of $100 per barrel again, Saudi billionaire businessman Prince Alwaleed bin Talal said, according to USA Today. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
10:30 EDTRIGStocks with call strike movement; RIG ZNGA
Transocean (RIG) May 17 call option implied volatility increased 10% to 79, Zynga (ZNGA) June 3 call option implied volatility increased 4% to 64 according to IVolatility.
09:34 EDTBPActive equity options trading
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06:02 EDTRIGCAMAC terminates Northern Offshore energy searcher drilling rig contract
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