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Stock Market & Financial Investment News

News Breaks
June 13, 2014
07:23 EDTCGG, SLBCGG preferred in race with Schlumberger for 3D seismic contract, Upstream says
CGG (CGG) and WesternGeco, a unit of Schlumberger (SLB), are the only companies bidding for a $100M-plus 3D broadband seismic contract from India’s Oil & Natural Gas Corporation, according to oil and gas industry publication Upstream, which added that CGG is preferred for the award as it was low bidder in ONGC’s previous tender. Shares of CGG are up nearly 8% in pre-market trading following the report. Reference Link
News For CGG;SLB From The Last 14 Days
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January 27, 2015
12:08 EDTSLBObama to propose opening up Atlantic to offshore drilling, NYT reports
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January 23, 2015
08:37 EDTSLBBofA/Merrill U.S. oil & gas analysts to hold an analyst/industry conference call
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05:21 EDTCGGCGG SA backs FY14 net debt view of around $2.4B
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January 22, 2015
07:59 EDTSLBSchlumberger management to meet with UBS
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January 21, 2015
10:47 EDTSLBOptions with decreasing implied volatility
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January 20, 2015
08:27 EDTSLBSchlumberger price target cut to $121 from $145 at Argus
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07:51 EDTSLBSchlumberger price target lowered to $80 from $89 at Jefferies
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07:45 EDTSLBSchlumberger price target lowered to $95 from $105 at UBS
UBS lowered its price target on Schlumberger to $95 from $105 following limited comments from the company on the industry's downturn. The company, however, believes its revenues will decline less than E&P spending. UBS reiterated its Buy rating on Schlumberger shares.
07:17 EDTSLBSchlumberger outlook positive, says RBC Capital
RBC Capital believes that Schlumberger will be a defensive name if oil weakness continues longer than expected, and could deliver a benchmark return if prices rally. The firm cut its price target on the name to $96 from $101 but keeps an Outperform rating on the shares.
06:51 EDTCGGCGG SA downgraded to Underweight from Neutral at JPMorgan
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06:26 EDTSLBSchlumberger to take 45.65% stake in Eurasia Drilling
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January 18, 2015
14:22 EDTSLBSchlumberger boss says oil price to challenge land producers, WSJ says
Paal Kibsgaard, CEO of Schlumberger, said U.S. energy producers are not done with work force reductions and that because of high costs, producers that focus on shale fields are worse off than rivals, says the Wall Street Journal. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A), Total (TOT), Schlumberger (SLB) and Baker Hughes (BHI). Reference Link

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