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Stock Market & Financial Investment News

News Breaks
December 3, 2012
05:55 EDTLUFK, LUFK, BAS, BAS, UNT, UNT, HERO, HERO, CLR, CLR, HAL, HAL, TDW, TDW, FET, FET, AXAS, AXAS, PACD, PACD, BRS, BRSDahlman Rose to host a conference
Oilfield Services Conference is being held in New York on December 3-4.
News For LUFK;PACD;AXAS;FET;TDW;HAL;CLR;HERO;UNT;BAS;BRS From The Last 14 Days
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April 20, 2015
10:00 EDTHALOn The Fly: Analyst Downgrade Summary
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09:28 EDTHALHalliburton on track to complete Baker Hughes transaction late in 2H15
Continues to target annual cost synergies of $2B.
09:24 EDTHALHalliburton will 'take hard look" at its operations
The company said it had reduced the company headcount by 9000 in last two quarters. Looking ahead, the company expects further charges to be significantly smaller. Expects Q2 corporate expenses of $75M, which will be the new quarterly run rate in 2015. Sees Q2 tax rate of approximately 26%. Cuts FY15 CapEx to $2.8B from $3.3B. Expects to see budget constraints in Mexico.
09:18 EDTHALHalliburton says Q1 challenging quarter, with downturn being historically high
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08:53 EDTAXASAbraxas Petroleum targets long-term leverage of 1.0x FTM EBITDA
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08:53 EDTAXASAbraxas Petroleum sees FY15 7,200-7,300 Boepd
Sees FY15 operating costs LOE $10.00-$12.00/BOE. Sees FY15 CapEx $53.8M. The company expects production guidance sees potential upside from non-operated participating and higher working interest in operated wells. It also sees potential downside from any additional flaring and associated NDIC curtailments, completion delays and offsetting well shut-ins, higher than anticipated work-over activity.
08:53 EDTAXASAbraxas Petroleum sees Q1 production 6,600-6,800 Boepd
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08:43 EDTHALHalliburton downgraded at CLSA
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07:22 EDTAXASIndependent Petroleum Association of America to hold a conference
IPAA-OGIS New York is being held in New York on April 20-22.
07:21 EDTHAL, HALHalliburton downgraded to Underperform from Outperform at CLSA
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07:09 EDTHALHalliburton records $823M after-tax charge in Q1 due to energy downturn
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07:06 EDTHALHalliburton says visibility to depth, length of cycle remains uncertain
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07:02 EDTHALHalliburton says international business more resilient than domestic market
“Total company revenue of $7.1B for the first quarter was down 4% year-over-year, significantly outpacing a 19% global rig count decline, and represented industry-leading performance amidst a challenging commodity price environment. Our global customer base has responded by lowering activity levels and seeking price concessions, which has impacted our margins. As evident by the restructuring charges taken during the quarter, we are taking steps to help mitigate the ongoing impact. North America experienced an unprecedented decline in drilling activity during the first quarter, which drove pricing pressure and margin compression across all product lines. First quarter revenue declined 9% and operating income declined 54%, year-over-year, compared to a 21% reduction in the United States land rig count. Activity has dropped approximately 50% from the peak in late November and we expect to continue to see pricing pressure for our services until the rig count stabilizes. Our international business has been more resilient than the domestic market, with the international rig count down 9% from the peak last July. We continue to anticipate headwinds across all of our international regions this year, as operators reduce their budgets. Lower commodity prices are influencing our customers to re-evaluate asset economics and defer new projects,” said CEO Dave Lesar.
07:01 EDTHALHalliburton reports Q1 adjusted EPS 49c, consensus 37c
Reports Q1 revenue $7.05B, consensus $6.99B.
April 17, 2015
13:28 EDTHALHalliburton technical comments ahead of results
Since hitting lows in December of last year, the stock has been in a recovery uptrend. If the news is bullish, resistance levels to watch as potential upside objectives would be at $48.91 and then at $50.64. If the news is more bearish than traders appear to expect, support levels to watch as potential downside objectives would be at $43.47 which is the 50-day moving average, $41.59, and $40.59.
13:08 EDTHALHalliburton April weekly volatility elevated into Q1 and outlook
Halliburton April weekly call option implied volatility is at 4-, May is at 28, June is at 27, July and October is at 26; compared to 26-week average of 32 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on April 20.
08:29 EDTHALU.S. may be at, or near, peak oil output, WSJ says
New data and forecasts suggest lower crude prices are finally prompting U.S. energy companies to cut back their crude output, according to The Wall Street Journal, citing reports from OPEC, the DOE and North Dakota. Publicly traded oil majors include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Publicly traded drillers and oil services companies 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
06:33 EDTHALSources: Halliburton hires BofA, Deutsche Bank to sell assets, Reuters reports
According to sources, Reuters reports that Bank of America (BAC) and Deutsche Bank (DB) have been hired by Halliburton (HAL) to sell two assets that could be valued at up to $5B. Bank of America will work to sell some of Halliburton's Sperry Drilling business, including logging-while-drigging, directional drilling and measuring-while-drilling, while Deutsche Bank is mandated to sell Halliburton's drill bits businesses. Halliburton is seeking to divest some assets to ease regulators' antitrust concerns in its $35B merger deal with Baker Hughes (BHI). Reference Link
April 16, 2015
09:34 EDTBASBasic Energy downgraded to Reduce from Neutral at Global Hunter
April 15, 2015
08:58 EDTHALOil services stocks should be bought on dips, says BMO Capital
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