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Stock Market & Financial Investment News

News Breaks
February 4, 2013
07:44 EDTDO, NBR, RDC, NE, HAL, PDE, RIG, WFT, BHI, SLBEurope seeks a natural gas strategy, Reuters reports
As the U.S. enjoys an energy boom thanks to shale gas, making it a magnet for industry, reducing import dependence, Europe finds itself challenged as it attempts to dig itself out of recession, energy officials say, reports Reuters. Panelists at a weekend security conference in Munich warned Europe must develop a strategy on how to tap its own resources in order to keep energy costs competitive, or risk seeing power-intensive industries locate elsewhere. Reference Link
News For NE;SLB;RIG;RDC;BHI;PDE;NBR;WFT;HAL;DO From The Last 14 Days
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January 16, 2015
13:03 EDTBHIBaker Hughes reports U.S. rig count down 74 to 1676
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12:30 EDTHALHalliburton volatility elevated into Q4 and outlook
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12:00 EDTHALHalliburton technical comments ahead of results
The shares have been beaten down along with declining crude prices, but have begun a process of basing since early December of last year. That base is defined by lows at the $37.50 area and highs at the $41 area. If the shares can break above the $41 level on news that is more bullish than currently expected, it could begin a recovery process in the stock. Resistance levels to watch in that event would be at $42.20 and then at $44.37. If the shares were to break below the low of the base at the $37.50 area, notably taking out the 52-week low at $37.21, then there would be a resumption of the longer-term downtrend. Support levels to watch in that case would be at $36.40, $35.32, and $33.07.
10:24 EDTBHI, SLB, HALOptions point to oil falling to near $30 per barrel, Merrill Lynch says
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08:43 EDTSLBSchlumberger says $3B CapEx guidance is subject to change
Cites lack of visibility and says the company has the flexibility to increase or decrease CapEx in the future.
08:40 EDTSLBSchlumberger says focus is on raising expectations for decrementals
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08:34 EDTSLBSchlumberger does not see improvement in oil prices until reduction in supply
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08:27 EDTSLBSchlumberger: Trends of activity reduction, pricing pressure to continue in Q1
Sees relatively flat Q1 in Gulf of Mexico, but solid activity in Canada. Schlumberger said the significant drop of oil prices have put pressure on its customers. Expects reduction of spend level in most customer groups in 2015, although the pricing impact will be less than projected in North America. Convinced that the company's performance must be accelerated in the way the company works. Comments taken from Q4 earnings conference call.
January 15, 2015
17:33 EDTRIGTransocean provides fleet status report, says value of contracts is $24M
Transocean Ltd issued a comprehensive Fleet Status Report which provides the current status and contract information for the company's entire fleet of offshore drilling rigs. The total value of new contracts since the December 18, 2014 Fleet Update Summary is approximately $24M. The report includes the following: Transocean Searcher - Awarded a one well contract in the Norwegian sector of the North Sea at a dayrate of $340,000, $14M estimated backlog. The rig's prior dayrate was $368,000. M.G. Hulme, Jr. was awarded a one well contract offshore Malaysia at a dayrate of $174,000, $10M estimated backlog. The rig's previously announced contract dayrate was $200,000. The company intends, in an evironmentally responsible manner, to scrap the deepwater floater Discoverer Seven Seas. The rig is classified as held for sale. Including this rig, the company has already or intends to scrap a total of 12 lower-specification floaters. Additionally, the Transocean Rather is held for sale. The rig was previously stacked.
16:36 EDTSLBSchlumberger to cut approximately 9,000 jobs
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16:31 EDTSLBSchlumberger sees FY15 CapEx $3B
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16:26 EDTSLBSchlumberger says has taken several actions to restructure, resize
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16:23 EDTSLBSchlumberger repurchased 12.1M shares during Q4 for $1.1B
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16:16 EDTSLBSchlumberger reports Q4 adjusted EPS $1.50, consensus $1.46
Reports Q4 revenue $12.6B, consensus $12.72B.
15:14 EDTSLBNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Intel (INTC), consensus 66c; Schlumberger (SLB), consensus $1.46; Bank of the Ozarks (OZRK), consensus 41c; People's United (PBCT), consensus 21c; Wintrust Financial (WTFC), consensus 77c.
14:49 EDTSLBSchlumberger technical comments before earnings
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14:42 EDTSLBSchlumberger January 77 straddle priced for 4.6% movement into Q4
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13:01 EDTSLBSchlumberger raises quarterly dividend 25% to 50c
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11:11 EDTRIGStocks with call strike movement; RIG PBR
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08:55 EDTHALHalliburton volatility elevated into Q4 and outlook
Halliburton January weekly call option implied volatility is at 47, February is at 43, March is at 40; compared to its 26-week average of 35 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on January 20.
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