New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 28, 2013
07:51 EDTCAM, CHK, FTI, APC, APAFracking: Potential to spark a broad economic surge, Institutional Investor says
Hydraulic fracturing, or fracking, has reinvigorated the U.S. oil and gas industry and brought the nation's economy to the cusp of a historic transformation. The drilling technique is extracting massive new supplies of natural gas and oil from shale rock formations from Pennsylvania to North Dakota. Energy imports have declined so much over the past six years that the idea of energy independence--a pipe dream of presidents since Richard Nixon--is suddenly a distinct possibility, writes Tedd Cohen in Institutional Investor. The gas revolution also has the potential to spark a broader economic surge, creating millions of jobs and lighting a fuse under American manufacturing. Reference Link
News For CHK;APA;FTI;CAM;APC From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 >>
August 26, 2015
16:26 EDTCAMOn The Fly: Top stock stories for Wednesday
Subscribe for More Information
12:47 EDTCAMOn The Fly: Top stock stories at midday
Subscribe for More Information
09:25 EDTCAMOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Abercrombie & Fitch (ANF), down 15.1%... Express (EXPR), up 9.8%... Frontline (FRO), up 10.4%... Chico's FAS (CHS), up 9.3%. ALSO HIGHER: Oshkosh (OSK), up 11.9% after being awarded a $6.7B contract by the U.S. Army... EMC Corporation (EMC), up 5.8% after Re/code reported that the board is considering a VMware (VMW) downstream merger proposal... Google (GOOG), up 4.6% after being upgraded to Conviction Buy from Neutral at Goldman... Ford (F), up 2.4% after Bloomberg reported that the company is considering returning production of Bronco and Ranger to the U.S. NOTABLE: Cameron International (CAM), up 45.4% after announcing that it will be acquired by Schlumberger (SLB). Schlumberger is down 1.9%. LOWER: WisdomTree (WETF), down 3.6% after being downgraded to Sell from Buy at Citi... Transocean (RIG), down 3.4% after proposing to cancel Q3 and Q4 dividends.
09:12 EDTCAMSchlumberger says no plans to divest anything from Cameron
Subscribe for More Information
08:47 EDTCAMSchlumberger says the acquisition could increase sales base by 20%
Subscribe for More Information
07:00 EDTCAMSchlumberger volatility elevated into acquiring Cameron in a $14.8B deal
Subscribe for More Information
06:21 EDTCAMSchlumberger to host conference call
Subscribe for More Information
06:11 EDTCAMCameron volatility elevated into Schlumberger agrees to acquire in $14.8B deal
Subscribe for More Information
06:04 EDTCAMSchlumberger agrees to acquire Cameron in deal valued at $14.8B
Schlumberger Limited (SLB) and Cameron (CAM) jointly announced a definitive merger agreement in which the companies will combine in a stock and cash transaction. The agreement was unanimously approved by the boards of both companies. Under the terms of the agreement, Cameron shareholders will receive 0.716 shares of Schlumberger common stock and a cash payment of $14.44 in exchange for each Cameron share. Based on the closing stock prices of both companies on August 25, the agreement places a value of $66.36 per Cameron share, representing a 37.0% premium to Cameron's 20-day volume weighted average price of $48.45 per share, and a 56.3% premium to Cameron's most recent closing stock price of $42.47 per share. Upon closing, Cameron shareholders will own approximately 10% of Schlumberger's outstanding shares of common stock. The total transaction has a value of $14.8B as of August 25. Schlumberger expects to realize pretax synergies of approximately $300M-$600M in the first and second year, respectively. Initially, the synergies are primarily related to reducing operating costs, streamlining supply chains, and improving manufacturing processes, with a growing component of revenue synergies in the second year and beyond. Schlumberger also expects the combination to be accretive to EPS by the end of the first year after closing. The transaction combines two complementary technology portfolios into a "pore-to-pipeline" products and services offering to the global oil and gas industry. On a pro forma basis, the combined company had 2014 revenues of $59B. The transaction is subject to Cameron shareholders' approval, regulatory approvals and other customary closing conditions. It is anticipated that the closing of the transaction will occur in Q1 of 2016.
06:01 EDTCAMSchlumberger agrees to acquire Cameron in deal valued at $14.8B
Subscribe for More Information
August 24, 2015
10:10 EDTFTIHigh option volume stocks
Subscribe for More Information
August 21, 2015
12:22 EDTAPCChanos say still short Exploration & Production space
Subscribe for More Information
07:05 EDTCHKChesapeake reports notice of proposed voluntary dismissal of derivative action
Subscribe for More Information
August 20, 2015
11:00 EDTAPCAnadarko August calls active
Anadarko August 72 and 73.5 calls are active on total call volume of 7K contracts (1K puts) on takeover speculation. August call option implied volatility is at 55, August weekly is at 44, September is at 40; compared to its 52-week range of 22 to 56. Active call volume suggests traders taking positions for large near term price movement.
10:55 EDTAPCRumor: Anadarko moves off lows on renewed takeover speculation
Subscribe for More Information
August 19, 2015
16:00 EDTCHKOptions Update; August 19, 2015
Subscribe for More Information
07:33 EDTCAMCameron and Schlumberger's Subsea to supply pump system for Stones development
Subscribe for More Information
August 18, 2015
16:00 EDTCHKOptions Update; August 18, 2015
Subscribe for More Information
August 14, 2015
17:17 EDTFTIPoint72 gives quarterly update on stakes
Subscribe for More Information
07:03 EDTCHKCrude price slide has oil firms turning to private equity, Reuters reports
Another drop in crude oil prices has oil companies returning calls from potential buyers, Reuters reports. Oil firms may start relying on capital markets investors betting on a quick recovery in prices, the report says. "It didn't solve people's problems, so now when you roll to 2016 ...there will be an opportunity for private equity-backed companies with plenty of capital in place to go out and start buying," said Carl Tricolo, managing partner at private equity fund Denham Capital, in the report. Publicly traded companies in the space include Chesapeake Energy (CHK), American Electric Power Company (AEP), and Linn Energy (LINE). Reference Link
1 | 2 >>

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