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Stock Market & Financial Investment News

News Breaks
March 12, 2013
10:35 EDTHAL, RIG, BPHalliburton employee: Macondo cement testing was irregular, Times-Picayune says
Halliburton's (HAL) president for strategic and corporate development, Timothy Probert, testified yesterday that he was aware of some irregularities in the company's testing of its cement that was used to seal BP's (BP) Macondo oil well, The Times-Picayune reported last night. A lawyer for plaintiffs in the case said that Halliburton had discarded several "off the record" tests of the cement, the newspaper added. Reference Link
News For HAL;BP;RIG From The Last 14 Days
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May 27, 2015
16:39 EDTRIGTransocean reports CFO Esa Ikaheimonen stepping down
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10:14 EDTBPAnalyst says China trend good for oil equities
China's demand for oil has been stronger than expected and the trend should be positive for oil companies' stocks, research firm Bernstein wrote in a note to investors today. WHAT'S NEW: Chinese oil imports reached a record high in April, rising 9% versus the same period a year earlier, Bernstein analyst Neil Beveridge reported. The imports have exceeded expectations and have been boosted by high gasoline demand, according to the analyst. The high gasoline demand in China, in turn, has been driven by a 50% year-over-year increase in the sales of SUVs, according to Beveridge. Analysts will respond to this trend by increasing their global oil demand estimates, he predicted. Oil prices are likely to rise in the near-term, providing a tailwind for oil equities, according to Beveridge, who identified InterOil (IOC) and China's CNOOC (CEO) as two of his favorite names in the Asian region. Other publicly traded companies in the oil space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). WHAT'S NOTABLE: Jaguar Land Rover, owned by India's Tata Motors (TTM), is launching its Range Rover Evoque SUV in China this fiscal year, but is having trouble ramping up production of the vehicle, Forbes reported last week. PRICE ACTION: in early trading, CNOOC was flat at $162.50 and InterOil slipped fractionally to $46.58.
May 22, 2015
09:57 EDTBPOn The Fly: Analyst Upgrade Summary
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07:00 EDTBPBP upgraded to Neutral on reduced Russia risk at JPMorgan
JPMorgan upgraded BP (BP) to Neutral citing less risk in Russia and a pathway to cash flow neutrality in 2017. JPMorgan this morning also upgraded Total (TOT) to Overweight and Eni SpA (E) to Neutral.
05:32 EDTBPBP upgraded to Neutral from Underweight at JPMorgan
May 21, 2015
11:05 EDTRIGStocks with call strike movement; RIG VALE
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07:25 EDTBPUBS to hold a conference
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May 20, 2015
17:04 EDTRIG, BPBP to pay Transocean $125M in compensation for legal fees
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17:03 EDTRIG, BPTransocean reaches settlement agreements with BP, PSC
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15:01 EDTBP, HALHalliburton reaches agreement with BP to resolve remaining issues
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11:43 EDTRIGStocks with call strike movement; RIG DAL
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May 19, 2015
10:33 EDTRIGStocks with call strike movement; TWTR RIG
Twitter (TWTR) September 41 call option implied volatility increased 3% to 42, Transocean (RIG) August 22 call option implied volatility increased 7% to 46 according to IVolatility.
10:13 EDTRIGTransocean drops sharply in early trading
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08:23 EDTHALSiemens bond plan keeps it in running for Halliburton assets, Bloomberg says
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07:31 EDTRIG, HALUBS to hold a conference
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May 18, 2015
16:56 EDTRIGTransocean provides fleet summary update
Transocean issued a monthly Fleet Update Summary, which includes new contracts, changes to existing contracts, and changes in estimated planned out-of-service time of 15 or more days since the April 16, 2015 Fleet Status Report. The total value of new contracts since the last report is approximately $52M. The report includes the following: GSF Development Driller II - Awarded a contract extension for approximately 100 days offshore Romania at a dayrate of $315,000 ($28M estimated backlog). GSF Rig 140 - Awarded a contract extension for approximately 120 days offshore India at a dayrate of $156,000 ($19M estimated backlog). Sedco Express - Awarded a contract extension for 18 days offshore Nigeria at a dayrate of $300,000 ($5M estimated backlog). The Transocean Marianas, GSF Celtic Sea, and M.G. Hulme, Jr. are idle. Estimated 2015 out-of-service time decreased by a net 27 days. As announced on May 7, 2015, the company has amended its construction contracts with Keppel FELS to further delay the delivery of its five newbuild high- specification jackups. This is in addition to the six-month delay announced in February 2015.
16:00 EDTRIGOptions Update; May 18, 2015
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11:15 EDTRIGStocks with call strike movement; CHK RIG
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10:01 EDTBPOn The Fly: Analyst Downgrade Summary
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08:12 EDTBPBP downgraded to Sell from Neutral at Goldman
Goldman downgraded BP to Sell based on limited upstream growth, a slowdown in asset disposals, and ongoing overhang from Macondo.
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