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Stock Market & Financial Investment News

News Breaks
April 28, 2014
11:16 EDTBWP, DO, CNA, LLoews says Diamond may have chance to buy rigs at distressed prices
Says believes Diamond Offshore's (DO) long-term prospects remain bright. Says paying dividends to shareholders remains Diamond's top priority. Says Boardwalk (BWP) will continue to consider all options for Bluegrass; the company said Boardwalk had been unable to obtain firm customer contract commitments to proceed with the Bluegrass project. Says "pleased" with CNA's (CNA) progress. Comments made by Loews on its Q1 earnings conference call.
News For L;DO;BWP;CNA From The Last 14 Days
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July 27, 2015
06:20 EDTDOU.S. oil firms preparing for extended job cuts, WSJ reports
U.S. energy companies intend to cut more jobs, sell more assets, and engage in more financial maneuvers to deal with the recent drop in U.S. crude-oil prices to below $50 a barrel, the Wall Street Journal reports. Companies have started to warn that more layoffs will come, particularly Halliburton (HAL) and Baker Hughes (BHI), who disclosed last week that they had cut 27,000 jobs between them, the report says. Job cuts for the industry are beginning to extend to engineers and scientists, the report adds. Publicly traded companies in oil industry include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Other publicly traded companies in the space include Baker Hughes (BHI), Diamond Offshore (DO), Halliburton (HAL), Nabors Industries (NBR), Noble Corp. (NE), Rowan Companies (RDC), Schlumberger (SLB), Transocean (RIG) and Weatherford (WFT). Reference Link

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