New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 15, 2014
10:17 EDTFSL, SPR, MHFI, GDP, GWWHigh option volume stocks: FSL GDP SPR GWW MHFI
News For FSL;GDP;SPR;GWW;MHFI From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
December 12, 2014
06:22 EDTGDPGoodrich Petroleum downgraded to Underweight from Overweight at JPMorgan
Subscribe for More Information
December 10, 2014
09:23 EDTGDPOn The Fly: Pre-market Movers
Subscribe for More Information
08:01 EDTGDPCapital One to hold a conference
Subscribe for More Information
07:24 EDTSPRSpirit AeroSystems, Triumph Group deal a win-win transaction, says Wells Fargo
Subscribe for More Information
06:09 EDTGDPGoodrich Petroleum provides operational update
Goodrich Petroleum reports in the Tuscaloosa Marine Shale, or TMS, the company announced the completion of two additional wells in its Blades area of Tangipahoa Parish, Louisiana. The Verberne 5H-1 well, which was drilled and completed with an approximate lateral length of 6,600 feet and was fracked with 21 stages, has been producing on a restricted choke program and has achieved a peak 24-hour rate to date of 1,375 Boe per day, comprised of 1,335 barrels of oil and 250 Mcf of natural gas per day on a 14/64 inch choke. The Williams 46H-1 well, which was drilled with an approximate lateral length of 6,400 feet and was fracked with 20 stages, is in early flowback and is currently producing approximately 1,000 Boe per day, but has not achieved peak rate. An update on this well will be provided at a later date. The company is in completion phase on its Kent 41H-1 well, which was drilled with an approximate 6,000 foot lateral in 27 days at one of the lowest drilling cost to date. On the company's initial two-well pad, the CMR/Foster Creek 8H-1 has been drilled and the CMR/Foster Creek 8H-2 well is drilling in the lateral. By achieving drill times of 25 – 30 days, as achieved by several industry-wide wells including our most recent Kent 41H-1 well, coupled with the recently modified frac design as utilized on the Verberne 5H-1 and Williams 46H-1 wells, the company believes it can achieve cost savings in excess of $1.5 million for a single well pad prior to any reduction in service costs or savings associated with drilling off of multi-well pads. Substantial cost savings combined with the company's strong 2015 hedge position, and the inherent advantages of the TMS, which include premium LLS pricing, lower average royalty burden and severance tax relief, allow for the continued economic development of the play in 2015.
06:06 EDTGDPGoodrich Petroleum to explore strategic alternatives for Eagle Ford Shale asset
Subscribe for More Information
December 9, 2014
13:16 EDTSPRSpirit AeroSystems price target raised to $57 from $48 at Cowen
Subscribe for More Information
11:09 EDTMHFIMcGraw Hill Financial open to 'reasonable settlements' with DoJ and states
11:06 EDTMHFIMcGraw Hill Financial says trending to 36% margins this year
Subscribe for More Information
10:34 EDTSPRSpirit AeroSystems downgraded to Hold from Buy at Standpoint Research
10:34 EDTMHFIMcGraw Hill Financial backs FY14 EPs view $3.78-$3.83, consensus $3.86
Subscribe for More Information
08:34 EDTMHFIMcGraw Hill Financial CMBS suspension company specific, says UBS
Subscribe for More Information
07:46 EDTSPRTriumph Group to host a conference call
Subscribe for More Information
07:41 EDTGDPGoodrich Petroleum liquidity concerns overblown, says SunTrust
Subscribe for More Information
07:31 EDTSPRTriumph to take over production of Gulfstream G650, G280 wing programs in Tulsa
Triumph Group (TGI) announced the signing of a definitive agreement with Spirit AeroSystems Holdings (SPR) which Triumph will take over production of the Gulfstream G650 and G280 wing programs located in Tulsa, Oklahoma. The transaction is targeted to close by calendar year end, subject to customary closing conditions. Under the terms of the agreement, Triumph will receive $160M in cash plus assets required to run the business from Spirit to cover the anticipated future cash flow needs of the programs, with no additional capital contributions expected by Triumph. The company expects the programs to be initially cash flow negative, with operating cash requirements anticipated to decrease over the first three years and becoming cash flow positive in year four. The business will be included in the Aerostructures Group segment and is expected to add approximately $250M in annual revenue and to be immediately accretive to Triumph’s earnings per share upon closing, reflecting initial estimates of purchase accounting adjustments and excluding synergies resulting from the transaction and transaction related expenses. Upon the close of the transaction, production will continue out of Spirit’s Tulsa facility and Triumph will look to utilize its manufacturing experience, resources and wing design engineering capabilities as appropriate to supplement the Tulsa operations. The company will focus on optimizing the build process and cost structure of the programs, and has identified opportunities for engineering, supply chain and labor enhancements.
06:22 EDTSPRBoeing sees strong demand for commercial airplanes in 2015
Subscribe for More Information
06:10 EDTGDPGoodrich Petroleum implied volatility of 205 at upper end of index mean range
December 8, 2014
15:49 EDTMHFISEC seeks to suspend S&P from rating CMBS, Bloomberg reports
In what would be the SEC's toughest action yet against a major credit rater, the commission is seeking to suspend Standard & Poor’s from rating commercial mortgage bonds, but its parent company McGraw Hill Financial remains in talks over a possible settlement, according to Bloomberg, citing a person with knowledge of the matter. Shares of McGraw Hill Financial are down 1.6% to $92.21 following Bloomberg's report. Reference Link
15:42 EDTMHFISEC seeks to suspend S&P from rating CMBS, Bloomberg says
Subscribe for More Information
09:34 EDTGDPGoodrich Petroleum downgraded to Market Perform from Outperform at BMO Capital
Subscribe for More Information
1 | 2 | all recent news | >>

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