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Stock Market & Financial Investment News

News Breaks
March 21, 2013
12:47 EDTRIG, CAM, BP, HAL, SLBJudge dismisses claims against Cameron, Schlumberger, Huffington Post says
A federal judge yesterday dismissed claims against Cameron International (CAM) and Schlumberger (SLB) subsidiary M-1 related to the 2010 Gulf oil spill, according to The Huffington Post. The judge said he wasn't ready to rule on requests from BP (BP), Transocean (RIG), and Halliburton (HAL) that gross negligence and punitive damage claims against them also be dismissed, the website added. Reference Link
News For CAM;SLB;BP;RIG;HAL From The Last 14 Days
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January 16, 2015
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.
08:27 EDTSLBSchlumberger: Trends of activity reduction, pricing pressure to continue in Q1
Sees relatively flat Q1 in Gulf of Mexico, but solid activity in Canada. Schlumberger said the significant drop of oil prices have put pressure on its customers. Expects reduction of spend level in most customer groups in 2015, although the pricing impact will be less than projected in North America. Convinced that the company's performance must be accelerated in the way the company works. Comments taken from Q4 earnings conference call.
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.
16:36 EDTSLBSchlumberger to cut approximately 9,000 jobs
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16:31 EDTSLBSchlumberger sees FY15 CapEx $3B
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16:26 EDTSLBSchlumberger says has taken several actions to restructure, resize
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16:23 EDTSLBSchlumberger repurchased 12.1M shares during Q4 for $1.1B
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16:16 EDTSLBSchlumberger reports Q4 adjusted EPS $1.50, consensus $1.46
Reports Q4 revenue $12.6B, consensus $12.72B.
15:14 EDTSLBNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Intel (INTC), consensus 66c; Schlumberger (SLB), consensus $1.46; Bank of the Ozarks (OZRK), consensus 41c; People's United (PBCT), consensus 21c; Wintrust Financial (WTFC), consensus 77c.
14:49 EDTSLBSchlumberger technical comments before earnings
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14:42 EDTSLBSchlumberger January 77 straddle priced for 4.6% movement into Q4
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13:01 EDTSLBSchlumberger raises quarterly dividend 25% to 50c
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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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