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Stock Market & Financial Investment News

News Breaks
December 17, 2012
14:18 EDTHERO, PKD, SDRL, NE, RIGShallow drilling opportunities in Gulf becoming more active, Forbes says
Shallow water drilling in the Gulf that has become more active with a number of lesser known companies becoming more active, says Forbes. Reference Link
News For HERO;PKD;SDRL;NE;RIG From The Last 14 Days
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July 23, 2014
07:28 EDTHEROHercules Offshore: Q3 results likely to be impacted by operational challenges
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07:27 EDTHEROHercules Offshore: Q2 results reflect slowdown in domestic drilling activity
Also cites idle timing on certain international rigs. The slowdown in the U.S. Gulf of Mexico has largely been driven by significant property transfers and consolidation among our customer base, which has led to disruptions in their respective drilling programs. The company said the latest discussions with various domestic customers suggest activity levels will rebound late this year. In the meantime, the company said it has taken proactive measures to reduce costs, including our recent decision to postpone the regulatory survey on one of our domestic rigs until visibility improves. Dayrates remain firm in the U.S. Gulf of Mexico, as stable crude oil prices support customer economics.
07:11 EDTHEROHercules Offshore reports Q2 EPS 4c, consensus 1c
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July 15, 2014
10:00 EDTRIG, NE, SDRLOn The Fly: Analyst Upgrade Summary
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06:41 EDTNENoble Corp. upgraded to Market Perform from Underperform at BMO Capital
BMO upgraded the offshore drillers to Market Perform from Underperform citing valuation, reduced expectations, and a slow resumption in activity. Price target remains $33.
06:41 EDTSDRLSeadrill upgraded to Market Perform from Underperform at BMO Capital
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06:41 EDTRIGTransocean upgraded to Market Perform from Underperform at BMO Capital
BMO upgraded the offshore drillers to Market Perform from Underperform citing valuation, reduced expectations, and a slow resumption in activity. Price target raised to $43 from $36.
July 11, 2014
16:38 EDTNENoble Corp. board approves spin-off of Paragon Offshore
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