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Stock Market & Financial Investment News

News Breaks
June 27, 2014
08:25 EDTCJES, NBRNabors deal with C&J Energy materially positive step forward, says BMO Capital
BMO Capital views Nabors' (NBR) transaction with C&J Energy (CJES) as a materially positive step forward that unlocks some of the trapped value in Nabor's conglomerate structure. The firm adds that the valuation of the deal was slightly above its estimates and keeps its Outperform rating on Nabors.
News For NBR;CJES From The Last 14 Days
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July 27, 2015
06:20 EDTNBRU.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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