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Stock Market & Financial Investment News

News Breaks
June 24, 2014
08:55 EDTDRC, DRC, SGY, SGY, OII, OII, END, END, FI, FI, BAS, BAS, ERF, ERF, TWIN, TWIN, NNA, NNA, NR, NR, REN, REN, GLF, GLF, HES, HES, TAT, TAT, SABO, SABO, MPET, MPET, WLL, WLL, SN, SN, PDCE, PDCEGlobal Hunter Securities to hold a conference
GHS 100 Energy Conference to be held in Chicago on June 24-25 with webcasted company presentations to begin on June 24 at 9 am; not all company presentations may be webcasted. Webcast Link
News For PDCE;SN;WLL;MPET;SABO;TAT;HES;GLF;REN;NR;NNA;TWIN;ERF;BAS;FI;END;OII;SGY;DRC From The Last 14 Days
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September 19, 2014
07:43 EDTDRCDresser-Rand volatility expected to move on Siemens is preparing offer report
Dresser-Rand (DRC) volatility is expected to move on Siemens (SIEGY) is preparing to offer more than $6.5B, or at least $85 per share, Bloomberg reports, citing people familiar with the plan. Overall option implied volatility of 38 compares to its 26-week average of 31 according to Track Data, suggesting large price movement.
06:44 EDTDRCSiemens preparing at least $85/share bid for Dresser-Rand, Bloomberg says
Siemens (SIEGY) is preparing to offer more than $6.5B, or at least $85 per share, for Dresser-Rand (DRC), Bloomberg reports, citing people familiar with the plan. Siemens is looking to offer a competing bid to Sulzer's for Dresser-Rand. Germany's Sulzer confirmed it was in takeover talks with Dresser-Rand on Wednesday. Siemensís supervisory board could vote on whether to submit a formal bid at a September 24 meeting, Bloomberg added, citing a source. Shares of Dresser-Rand closed yesterday up 22c to $73.03. Analysts at William Blair yesterday said the company could be worth in the upper $80's to $100 per share in a takeover.
06:35 EDTDRCReport says Siemens planning Dresser-Rand bid, Reuters says
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06:02 EDTERFEnerplus announces October cash dividend, suspends stock dividend program
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September 18, 2014
12:04 EDTGLFGulfMark Offshore says backlog dry rate remains 'strong'
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07:55 EDTENDEndeavour receives notice of non-compliance with NYSE listing standards
Endeavour has been notified by the NYSE that it is not in compliance with two of the NYSE's continued listing standards. The NYSE requires that the average closing price per share of a listed company's stock be in excess of $1.00 for a consecutive 30-trading day period. Under this continued listing criteria, Endeavour has a period of six months, subject to possible extension, to bring its average share price back over $1.00. The company's common stock expects to be listed and traded on the NYSE during this period. In addition, the company's total market capitalization has averaged less than $50M over a consecutive 30 trading-day period and its last reported shareholders' equity was also below $50M. Endeavour has 45-days from receipt of the NYSE notice to submit a business plan to the NYSE demonstrating how it intends to comply with the NYSE's continued listing standards. The company's stock expects to trade on the NYSE during the plan period.
07:38 EDTHESUBS to hold a conference
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07:16 EDTDRCDresser-Rand could be worth upper $80s to $100 in deal, says William Blair
William Blair raised its price target for Dresser-Rand shares to $82 from $70 citing increasingly likelihood of a merger transaction after Sulzer confirmed itís in talks to acquire the company. The firm believes a deal, should it occur, could bring upside to its new target. William Blair says its initial accretion analysis for a combined Dresser-Rand and Sulzer yields valuations for Dresser shares in the upper $80's to $100 range. It keeps an Outperform rating on the stock. Dresser closed yesterday up 7%, or $4.93, to $72.81.
06:06 EDTMPETMagellan Petroleum provides Horse Hill-1 well drilling update
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September 17, 2014
16:19 EDTBASBasic Energy expects PFR acquisition to be immediately accretive to earnings
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11:28 EDTDRCSulzer confirms talks with Dresser-Rand over potential merger
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11:26 EDTDRCSulzer confirms talks with Dresser-Rand over potential merger
11:19 EDTDRCDresser-Rand, Sulzer said to plan merger, Bloomberg reports
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10:44 EDTHESHess, PDVSA said to finally find buyer for Hovensa refinery, TankTerminals says
U.S. Virgin Islands Governor John de Jongh said Monday that Hovensa, which is jointly owned by Hess and PDVSA, has agreed in principle with an unidentified buyer for the sale of its refinery assets, though a Hovensa spokesman said Tuesday that the company has no comments on a deal or the governor's comments, reported TankTerminals.com. Reference Link
10:00 EDTFIOn The Fly: Analyst Initiation Summary
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09:35 EDTSNRumor: Sanchez Energy up on speculation it is considering an MLP structure
September 16, 2014
16:29 EDTFIFrank's International initiated with a Buy at KeyBanc
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16:28 EDTDRCDresser-Rand initiated with a Buy at KeyBanc
Target $80.
08:46 EDTFIDril-Quip price target lowered to $120 from $137 at FBR Capital
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07:42 EDTBASDeutsche Bank to hold a conference
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