|June 26, 2014|
|08:19 EDT||HCLP, HAL||Hi-Crush Partners price target raised to $65 from $47 at UBS|
UBS raised its price target on Hi-Crush Partners (HCLP) to $65 from $47 following its updated contract with Halliburton (HAL). The firm sees contract opportunities in the Bakken and Utica Shale, increased pricing potential, and long contract lives and keeps its Buy rating on Hi-Crush.
News For HCLP;HAL From The Last 14 Days
Check below for free stories on HCLP;HAL the last two weeks.
|September 2, 2014|
|11:52 EDT||HAL||Halliburton says Mexico activity improving |
Says deepwater outlook moderating. Says Eastern hemisphere growing despite challenged markets, Latin America gaining momentum for improved 2015. Says looking to return 35% of operating cash flow to shareholders. Comments from slides that will be presented at the Barclays CEO Energy-Power Conference.
|09:02 EDT||HAL||Halliburton reaches $1.1B settlement on claims related to Macondo|
Halliburton (HAL) announced that it has reached an agreement to settle a substantial majority of the plaintiffsí class claims asserted against the company as a result of the April 20, 2010 Macondo well incident in the Gulf of Mexico. The approximately $1.1B settlement, which includes legal fees, is subject to approval by the United States District Court for the Eastern District of Louisiana, and will be paid into a trust until all appeals have been resolved in three installments over the next two years. The companyís previously accrued loss contingency provision relating to the multi-district litigation proceedings is currently $1.3B. The agreement includes the following: Claims against Halliburton that BP (BP) assigned to the settlement class in BPís April 2012 settlement, Punitive damages claims against Halliburton by a class of plaintiffs who allege damages to property or associated with the commercial fishing industry arising from the Deepwater Horizon Incident, and Affirmation that Halliburton has no liability for compensatory damages to the members of the settlement class in the BP April 2012 settlement. Payments will be held in the trust, pending the finalization of this settlement which is contingent on final Court approval, including any appeals of: The BP 2012 settlement with the settlement class, The District Courtís earlier determination that the contractual indemnity provided by BP to Halliburton is valid and enforceable, and The District Courtís earlier dismissal of economic damage claims against Halliburton. Additionally, the settlement is subject to an agreed-upon level of participation by the current claimants which, if not achieved, allows Halliburton to terminate the agreement.
|August 31, 2014|
|12:54 EDT||HAL||Barclays to hold a conference|
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|August 29, 2014|
|13:05 EDT||HCLP||Hi-Crush Partners volatility flat as shares advance to record high|
Hi-Crush Partners September, October and January call option implied volatility is at 38; compared to its 26-week average of 39 according to Track Data, suggesting non-directional price movement.
|August 25, 2014|
|07:02 EDT||HAL||McDermott names Stuart Spence as CFO, effective August 23|
McDermott International (MDR) announced that Stuart Spence has been appointed EVP and CFO following the departure of Perry L. Elders, SVP and CFO, effective August 23. Elders will be pursuing other opportunities. Immediately prior to joining McDermott, Spence served as Vice President, Artificial Lift for Halliburton Company (HAL), where he had overall strategic and operational responsibility for Halliburtonís artificial lift product and service line.
|August 21, 2014|
|09:15 EDT||HAL||EnerCom to hold a conference|
The Oil & Gas Conference to be held in Denver on August 18-21 with webcasted company presentations to begin on August 21 at 10 am; not all company presentations may be webcasted. Webcast Link