New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 8, 2013
08:05 EDTSPN, HAL, CJESE&P companies' outlook appears positive, says Wells Fargo
After speaking with E&P companies, Wells Fargo reports that most companies' rig counts are increasing, while the companies have benefited from improving drilling efficiencies. The firm believes that frac utilization has probably bottomed, while utilization should improve. It is most bullish on Halliburton (HAL), Superior Energy (SPN), and C&J Energy (CJEs), and maintains Outperform rating on all three stocks.
News For HAL;SPN;CJES From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 27, 2015
10:37 EDTHALEU Commission sets Jan. 12 deadline to rule on Baker Hughes, Halliburton deal
Subscribe for More Information
November 18, 2015
08:37 EDTHALBaker Hughes has superior risk/reward ratio, says BMO Capital
BMO Capital believes that Baker Hughes (BHI) has one of the best risk/reward ratios in its coverage universe. The firm thinks the stock will rise 25% if its acquisition by Halliburton closes, and fall only 9%-14% in the medium term if the deal falls through. BMO now sees an 80% chance of the deal closing, up from 70% previously.
November 15, 2015
12:59 EDTHALBaker Hughes shares could gain, lose 30% on merger verdict, Barron's says
Shares of Baker Hughes (BHI) could gain 27% if its combination with Halliburton (HAL) gains regulatory approval, but "there is too much uncertainty" to take that bet, as a negative verdict on the merger could send Baker plunging 20%-30%, Barron's contends in a 'Trader Extra' column. Investors searching for less risky arbitrage deals may instead take a look at Berkshire Hathaway's (BRK.A, BRK.B) offer for Precision Castparts (PCP), argues the publication. Reference Link

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