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Stock Market & Financial Investment News

News Breaks
January 24, 2014
07:43 EDTRIG, ATW, RDC, DO, ESV, HERO, NEOffshore Drilling sector cut to Underweight at Wells Fargo
Wells Fargo downgraded the Offshore Drilling sector two notches to Underweight from Overweight saying it sees the potential for a value trap in 2014. Wells sees the possibility for more serious rate cutting as the prospect for idle time increases. Within the sector, Wells downgraded shares of Diamond Offshore (DO), Ensco (ESV), Hercules Offshore (HERO), Noble Corp. (NE) and Transocean (RIG) to Market Perform from Outperform. The firm keeps Outperform ratings on Atwood Oceanics (ATW) and Rowan Companies (RDC).
News For DO;ESV;HERO;NE;RIG;ATW;RDC From The Last 14 Days
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September 17, 2014
17:18 EDTRDCRowan Companies CFO J. Kevin Bartol retiring
Rowan Companies CFO & Treasurer J. Kevin Bartol has decided to leave the company to pursue other opportunities. Mr. Bartol will continue to serve until a successor is chosen and a smooth transition is completed. The company is conducting a search and intends to name Mr. Bartol's successor in short order. The company also announced that Melanie M. Trent has been promoted to Executive VP, General Counsel and Chief Administrative Officer and will assume responsibility for the Legal function, as well as retain responsibility for the Human Resources, Information Technology and Communications departments. Ms. Trent succeeds John L. Buvens, Jr. who is retiring.
13:34 EDTRDCRowan Companies downgraded to Hold from Buy at Societe Generale
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13:33 EDTNENoble Corp. downgraded to Hold from Buy at Societe Generale
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September 16, 2014
07:42 EDTHERODeutsche Bank to hold a conference
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September 15, 2014
08:54 EDTATWAtwood Oceanics to initiate quarterly cash dividend of 25c per share
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September 12, 2014
10:27 EDTRIGTransocean falls in a weak energy sector, levels to watch
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07:14 EDTRIGTransocean management to meet with Deutsche Bank
Meetings to be held in Frankfurt/The Netherlands on September 12 hosted by Deutsche Bank.
September 11, 2014
07:49 EDTRIGTransocean management to meet with Deutsche Bank
Meetings to be held in Stockholm/Frankfurt on September 11 hosted by Deutsche Bank.
September 10, 2014
07:28 EDTESVPareto to hold a conference
21st Annual Oil & Offshore Conference to be held in Oslo, Norway on September 10-11.
September 9, 2014
07:18 EDTNE, HEROStephens to hold an investor trip
Energy: Oilfield Services Investor Plane Trip travels throughout Texas and Oklahoma on September 9-10.
September 8, 2014
07:04 EDTESVEnsco September volatility increases as shares pull back
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September 6, 2014
18:25 EDTRIGTransocean shares could climb 33%, Barron's says
Transocean shares could rebound around 33%, as ocean drilling increases, Barron's argues in a follow up article. Reference Link

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