New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 3, 2013
11:30 EDTRIG, BPTransocean in $1.4B settlement with Justice Department, WSJ reports
Transocean (RIG) and the Department of Justice are expected to announce Thursday afternoon a settlement to resolve all of the company's civil and criminal issues stemming from the Deepwater Horizon oil spill in the Gulf of Mexico, Wall Street Journal reports, citing sources familiar with the talks. Transocean, the owner of the drilling rig that exploded, is expected to pay fines and penalties of about $1.4B, the Journal added. Shares of Transocean rallied 4% following the Journal's report, while BP (BP) rallied over 1%. Reference Link
News For RIG;BP From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
January 18, 2015
18:32 EDTBPBP will cite crude price decline in Gulf spill fine determination, WSJ says
BP, which is facing up to $13.7B in federal fines, is set to go to trial on January 20 in federal court in New Orleans to determine the amount it must pay the U.S. government for each barrel of crude that spilled into the Gulf during the 2010 Deepwater Horizon disaster, says the Wall Street Journal. BP's lawyers plan to use the recent plunge in oil prices in their arguments before the court and will likely cite a weakened BP Exploration & Production, the subsidiary that is charged with the spill violations, added the Wall Street Journal. Reference Link
18:11 EDTBPAnadarko faces pollution penalty in Deepwater Horizon disaster, WSJ says
Subscribe for More Information
14:22 EDTBPSchlumberger boss says oil price to challenge land producers, WSJ says
Paal Kibsgaard, CEO of Schlumberger, said U.S. energy producers are not done with work force reductions and that because of high costs, producers that focus on shale fields are worse off than rivals, says the Wall Street Journal. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A), Total (TOT), Schlumberger (SLB) and Baker Hughes (BHI). Reference Link
January 16, 2015
16:00 EDTRIGOptions Update; January 16, 2015
Subscribe for More Information
10:24 EDTBPOptions point to oil falling to near $30 per barrel, Merrill Lynch says
Subscribe for More Information
10:01 EDTBPOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
08:29 EDTBPBP downgraded to Underweight from Neutral at JPMorgan
JPMorgan downgraded BP to Underweight saying it expects 2015/2016 consensus estimates for Big Oil names to decline by more than 50% as oil price outlooks come down.
07:37 EDTBPBP downgraded to Hold from Buy at Canaccord
06:49 EDTBPOil prices climb after IEA says production falling, Reuters reports
Oil prices rebounded today after the International Energy Agency, or IEA, said it saw signs that oil production was falling in some areas, including North America, according to Reuters. "A price recovery...may not be imminent, but signs are mounting that the tide will turn," Reuters quoted the IEA as saying. Oil prices could rebound in the second half of the year, the IEA indicated, the news service reported. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
January 15, 2015
17:53 EDTBPBP may pay up to $13.7B in fines for Deepwater Horizon Gulf spill case, WSJ says
BP may have to pay a maximum $13.7B in fines for the oil that escaped into the Gulf of Mexico in the 2010 Deepwater Horizon incident, says the Wall Street Journal. A federal judge ruled that the company is liable for just over 3M barrels of oil spilled in the disaster, added the Wall Street Journal. Reference Link
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.
11:11 EDTRIGStocks with call strike movement; RIG PBR
Subscribe for More Information
06:10 EDTBPBP cutting 300 jobs in onshore roles, Daily Mail reports
Subscribe for More Information
January 14, 2015
11:28 EDTRIGStocks with call strike movement; RIG AVP
Transocean (RIG) May 17 call option implied volatility increased 11% to 80, Avon Products (AVP) April 9 call option implied volatility increased 4% to 65 according to IVolatility.
06:54 EDTBPEnergy Department says oil production to rise this year, NY Times says
Subscribe for More Information
January 12, 2015
16:00 EDTRIGOptions Update; January 12, 2015
iPath S&P 500 VIX Short-Term Futures up 1.57 to 33.54. Option volume leaders: AAPL TSLA TWTR AMZN AA SIRI RIG FRO C according to Track Data.
14:51 EDTBPSaudi Prince Alwaleed says oil won't hit $100 again, USA Today reports
Oil will never reach a price of $100 per barrel again, Saudi billionaire businessman Prince Alwaleed bin Talal said, according to USA Today. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
10:30 EDTRIGStocks with call strike movement; RIG ZNGA
Transocean (RIG) May 17 call option implied volatility increased 10% to 79, Zynga (ZNGA) June 3 call option implied volatility increased 4% to 64 according to IVolatility.
09:34 EDTBPActive equity options trading
Subscribe for More Information
06:02 EDTRIGCAMAC terminates Northern Offshore energy searcher drilling rig contract
Subscribe for More Information
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use