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Stock Market & Financial Investment News

News For LUFK;PACD;AXAS;FET;TDW;HAL;CLR;HERO;UNT;BAS;BRS From The Last 14 Days
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March 26, 2015
11:30 EDTHALStocks with call strike movement; HAL YHOO
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08:07 EDTAXASAbraxas Petroleum management to meet with Johnson Rice
Meetings to be held in Los Angeles/ San Francisco March 31- April 1 hosted by Johnson Rice.
March 24, 2015
16:11 EDTUNTUnit Corp. files automatic mixed securities shelf
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07:36 EDTCLRWhiting tumbles as stock offering dampens takeover speculation
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March 23, 2015
15:56 EDTHALSuperior Energy interested in Halliburton, Baker Hughes assets, Bloomberg says
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March 20, 2015
09:22 EDTHALHalliburton, Baker Hughes to seek buyers for $10B in assets, Bloomberg says
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07:52 EDTCLRContinental secures $2.3M deal for 160 acres in North Dakota, Reuters says
Continental Resources placed a winning $2.3M bid for rights to seek crude oil on 160 North Dakota acres, reports Reuters, citing state officials. The company secured the deal this week, and Reuters notes that the company sees FY15 output rising as much as 20%. Reference Link
07:19 EDTHALWhite House expected to unveil fracking rules today, WSJ says
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March 19, 2015
07:17 EDTBASStephens to hold a conference
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March 16, 2015
10:21 EDTHALHalliburton falls, heads for test of support
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10:05 EDTTDWTidewater awarded $62M in Venezuela case
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March 13, 2015
16:28 EDTCLRWhiting attracts interest from Exxon Mobil, Hess, Continental, Bloomberg says
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15:54 EDTCLRWhiting attracts interest from Exxon Mobil, Hess, Continental, Bloomberg says
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08:44 EDTBASBasic Energy sees Q1 revenue down 32%-34%
Roe Patterson, Basic's president and CEO, stated, "The operating environment continues to be challenging and we are reacting quickly to our customers' requests for lower pricing for our services. Stimulation services pricing concessions have increased to 25%-30%, which is up from the 15%-20% range we experienced earlier in the first quarter. Pricing concessions for our other services remain consistent with what we reported in our January operating update. We continue to maximize utilization and protect market share with rate reductions when and where possible. We continue our efforts to reduce costs and scale down our operations to match customer activity. Negotiations to lower costs for sand, chemicals, fuel, supplies, etc. with our vendors and suppliers are ongoing, and we continue to make progress. Preserving liquidity is our main focus and our efforts to reduce capital spending have been successful. Our headcount is now down by 14% since its peak in November 2014 and we continue to adjust personnel costs to mitigate pricing concessions. Adverse weather has affected activity to date in March throughout our footprint. With the weather impact we experienced in February, and so far in March, combined with the increase in price concessions for stimulation services, we now expect first quarter revenue to be 32%-34% lower sequentially compared to our previous guidance of 21%-26% lower."
06:04 EDTBASBasic Energy reports Feb. well servicing rig count unchanged at 421
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