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Stock Market & Financial Investment News

News For CBI;RDS.A;WOPEY From The Last 14 Days
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February 27, 2015
05:28 EDTRDS.ARoyal Dutch Shell updates on planned maintenance at Pearl GTL, Qatar
Royal Dutch Shell updated that the Pearl gas-to-liquids, or GTL, plant, in Qatar has entered planned maintenance in February 2015. Pearl GTL comprises two identical GTL 'trains', with a total capacity of 140,000 barrels per day of GTL products plus 120,000 barrels per day of natural gas liquids and ethane. One train, representing half the facility, has recently begun a planned 'turnaround' maintenance programme, which will continue for a period of some 2 months. The Pearl GTL project was developed in two phases. The first phase started up in early 2011 and exported the first commercial shipment of gasoil in June 2011. The whole plant ramped up to full production at the end of 2012. The plant produces cleaner-burning diesel and aviation fuel, oils for advanced lubricants, naphtha used to make plastics and paraffin for detergents. It makes enough diesel to fill over 160,000 cars a day and enough synthetic oil each year to make lubricants for more than 225M cars. The products reach customers in every major energy market through Shell's global retail network.
February 25, 2015
13:56 EDTRDS.ASaudi Arabia aims to become second-largest refined oil exporter, WSJ says
Saudi Arabia's oil minister Ali al-Naimi said Wednesday it plans to become the world's second-largest refined oil product exporter by 2017, reports the Wall Street Journal, citing statements given at a conference. Two new refineries in Saudi Arabia will add 800,000 BPD this year, and a planned 2017 refinery in Jazan will bring the kingdom's total capacity to over 3M BPD. 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
11:02 EDTCBIChicago Bridge & Iron gaps up, runs higher, following earnings
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07:12 EDTCBIChicago Bridge & Iron guidance cut less than feared, says Deutsche Bank
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06:45 EDTRDS.ASaudi minister says demand for oil rising, Reuters reports
The price for Brent oil was little changed around $59 per barrel early this morning after Saudi Arbaia's energy minister said that demand for petroleum was increasing, according to Reuters. The minister added that oil markets "are calm now, Reuters added. 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
February 24, 2015
18:15 EDTCBIOn The Fly: After Hours Movers
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16:12 EDTCBIChicago Bridge & Iron sees 2015 EPS $5.55-$6.05, consensus $5.63
Sees 2015 revenue $14.4B-$15.2B, consensus $14.35B. The company said, "We project less than 5 percent of our revenue from new bookings could be affected by timing risks associated with lower oil prices. Accordingly, we think it is prudent to marginally adjust our guidance to revenue of $14.4 billion - $15.2 billion and earnings per share of $5.55 - $6.05."
16:11 EDTCBIChicago Bridge & Iron reports Q4 adjusted EPS $1.47, consensus $1.44
Reports Q4 revenue $3.37B, consensus $3.43B.
February 23, 2015
13:50 EDTRDS.AShell withdraws application for Pierre River mine, Globe and Mail says
Royal Dutch Shell is withdrawing its application with Canadian regulators for its Pierre River mine north of Fort McMurray, reports The Globe and Mail, citing company statements. Lorraine Mitchelmore, president of Shell’s Canadian unit, stated “We will continue to hold leases and can reapply in the future when the time is right.” Reference Link
13:50 EDTCBIChicago Bridge & Iron February weekly volatility elevated into Q4 and outlook
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13:45 EDTRDS.AOpec may call emergency meeting if crude continues slide, FT says
According to Diezani Alison-Madueke, Nigeria's oil minister, Opec members have discussed holding an emergency meeting if crude prices continue to tumble, says the Financial Times. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT).
09:59 EDTRDS.AOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Antofagasta (ANFGY) downgraded to Sell from Neutral at Goldman... Arch Coal (ACI) downgraded to Sell from Buy at Argus... BHP Billiton (BHP) downgraded to Equal Weight from Overweight at Morgan Stanley... Beazer Homes (BZH) downgraded to Neutral from Buy at Compass Point... Boeing (BA) downgraded to Sell from Neutral at Goldman... Century Communities (CCS) downgraded to Neutral from Overweight at JPMorgan... CyberArk (CYBR) downgraded to Underweight from Neutral at JPMorgan... DirecTV (DTV) downgraded to Hold from Buy at Brean Capital... Enerplus (ERF) downgraded to Hold from Buy at Desjardins... Fiserv (FISV) downgraded to Neutral from Buy at Monness Crespi... GP Strategies (GPX) downgraded to Neutral from Buy at B. Riley... Interactive Brokers (IBKR) downgraded to Market Perform at Keefe Bruyette... MRC Global (MRC) downgraded at BB&T... Precision Castparts (PCP) downgraded to Neutral from Buy at Goldman... Quest Diagnostics (DGX) downgraded at BofA/Merrill... Rio Tinto (RIO) downgraded to Equal Weight from Overweight at Morgan Stanley... Roth Capital downgraded Spectrum (SPPI) on court case loss... Royal Dutch Shell (RDS.A) downgraded to Sector Perform from Outperform at Howard Weil... Ryland Group (RYL) downgraded to Neutral from Buy at Compass Point... Salix (SLXP) downgraded to Market Perform from Outperform at Leerink... Standard Pacific (SPF) downgraded to Neutral from Buy at Compass Point... Superior Energy (SPN) downgraded to Neutral from Outperform at Credit Suisse... Transocean (RIG) downgraded to Negative from Neutral at Susquehanna... Vale (VALE) downgraded to Equal Weight from Overweight at Morgan Stanley.
08:37 EDTCBIChicago Bridge & Iron price target lowered to $57 from $82 at Cowen
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08:01 EDTRDS.ARoyal Dutch Shell downgraded to Sector Perform from Outperform at Howard Weil
February 22, 2015
11:59 EDTRDS.AUSW to expand ULP oil strike
The United Steelworkers, USW, announced that it will expand its unfair labor practice strike, ULP, by launching a work stoppage tonight at midnight at the Motiva Enterprises refinery in Port Arthur, Texas. This refinery, a 50-50 joint venture between Shell Oil Company and Saudi Refining, produces more than 600,000 barrels per day. In addition, 24 hour strike notices were delivered at Motiva’s two Louisiana refineries in Convent and Norco as well as at the Shell Chemical plant in Norco. Capacity at these facilities is 235,000 and 238,000. These refineries are also jointly operated by Royal Dutch Shell and Saudi Refining, Inc. of Saudi Arabia. “The industry’s refusal to meaningfully address safety issues through good faith bargaining gave us no other option but to expand our work stoppage,” said USW International President Leo W. Gerard. 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
February 19, 2015
08:19 EDTCBIChicago Bridge & Iron declares interim common stock dividend of 7c
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08:11 EDTCBIChicago Bridge & Iron receives polypropylene technology award in Egypt
CB&I has been awarded a contract by Carbon Holdings for the license and engineering design of a polypropylene unit to be built in Ain Sokhna, Egypt.
06:58 EDTRDS.AU.S. oil prices tumble after inventory data released, Reuters says
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February 17, 2015
17:13 EDTRDS.APoint72 gives quarterly update on stakes
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06:58 EDTRDS.ABrent oil reaches $62 per barrel, Reuters reports
Driven higher by Middle East turbulence, the price of brent crude oil reached $62 per barrel today, close to its 2015 high, according to Reuters. 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
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