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Stock Market & Financial Investment News

News Breaks
June 19, 2014
07:03 EDTSLB, EMESEmerge Energy price target raised to $120 from $85 at Stifel
Stifel increased its price target on Emerge Energy (EMES) after the company announced an amendment to its Sand Supply Agreement with Schlumberger (SLB). to increase its annual committed volumes to 1.5M tons per year. The firm keeps a Buy rating on Emerge Energy.
News For EMES;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 EDTEMES, SLBBofA/Merrill U.S. oil & gas analysts to hold an analyst/industry conference call
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07:05 EDTEMESEmerge Energy raises Q4 distribution to $1.41 per unit from $1.38 per unit
Emerge Energy announced that the board of its general partner has declared a cash distribution of $1.41 for Q4. This distribution represents a 2% increase over Q3 distribution of $1.38 per unit and a 41% increase over 4Q13 distribution of $1.00 per unit. The distribution will be paid on February 13, to all unitholders of record as of February 5. Based on current market conditions, Emerge Energy is also revising its full year distribution guidance for the year ending December 31, to $5.25-$6.00 per unit.
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.
06:26 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
January 16, 2015
10:24 EDTSLBOptions point to oil falling to near $30 per barrel, Merrill Lynch says
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08:43 EDTSLBSchlumberger says $3B CapEx guidance is subject to change
Cites lack of visibility and says the company has the flexibility to increase or decrease CapEx in the future.
08:40 EDTSLBSchlumberger says focus is on raising expectations for decrementals
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08:34 EDTSLBSchlumberger does not see improvement in oil prices until reduction in supply
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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.

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