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News Breaks
November 15, 2012
09:25 EDTSLB, SLB, CAM, CAMCameron to host conference call
Conference call to discuss the formation of OneSubsea, a joint venture with Schlumberger, will be held on November 15 at 9:30 am. Webcast Link
News For SLB;CAM From The Last 14 Days
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April 17, 2015
09:14 EDTSLBOn The Fly: Pre-market Movers
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08:29 EDTSLBU.S. may be at, or near, peak oil output, WSJ says
New data and forecasts suggest lower crude prices are finally prompting U.S. energy companies to cut back their crude output, according to The Wall Street Journal, citing reports from OPEC, the DOE and North Dakota. Publicly traded oil majors include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Publicly traded drillers and oil services companies 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
05:17 EDTSLBSchlumberger sees supply tightening further in second half
Schlumberger Chairman and CEO Paal Kibsgaard commented, Looking at the macro environment, the global economy continues its steady recovery, and oil demand is still expected to increase by 1 million bbl/d in 2015. However, the significant reductions in E&P spend are starting to impact supply in both North America and internationally, and supply is expected to tighten further in the second half of the year. The largest drop in E&P investment is occurring in North America, where 2015 spend is expected to be down by more than 30%. We believe that a recovery in US land drilling activity will be pushed out in time, as the inventory of uncompleted wells builds and as the re-fracturing market expands. We also anticipate that a recovery in activity will fall well short of reaching previous levels, hence extending the period of pricing weakness. Internationally, we expect 2015 E&P spending to fall around 15%, which will create challenges in terms of both activity and pricing levels, but these challenges will be considerably less than the headwinds we are facing in North America. By geography, we anticipate growth in our key markets in the Middle East as the core OPEC producers continue to pursue market share as the non-OPEC part of the international supply base continues to weaken. Elsewhere, we expect to see overall activity reductions in Latin America, Europe, Sub-Saharan Africa, and in Asia, while in Russia, we believe that conventional land activity in Western Siberia will continue to be resilient, but that the revenue contribution from the region will remain subdued until the currency effects have normalized."
05:15 EDTSLBSchlumberger to reduce workforce by 11,000 employees
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April 16, 2015
19:00 EDTSLBOn The Fly: After Hours Movers
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16:10 EDTSLBSchlumberger sees FY15 CapEx approximately $2.5B
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16:06 EDTSLBSchlumberger reports Q1 EPS $1.06, consensus 91c
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15:53 EDTSLBSchlumberger April 92 straddle priced for 3.2% movement into Q1
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15:23 EDTSLBNotable companies reporting after market close
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13:51 EDTSLBSchlumberger technical comments before earnings
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09:34 EDTSLBSchlumberger downgraded to Neutral from Buy at Global Hunter
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07:52 EDTSLBSchlumberger April volatility elevated into Q1 and outlook
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07:19 EDTSLBOptions expected to be active: NFLX SNDK UNH PNRA C GS SLB
April 15, 2015
08:58 EDTCAMOil services stocks should be bought on dips, says BMO Capital
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06:16 EDTSLBOil layoffs reach 100,000 and still going, WSJ reports
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April 14, 2015
14:40 EDTSLBSchlumberger April volatility elevated into Q1 and outlook
Schlumberger April call option implied volatility is at 53, May is at 27, August is at 23, November at 22; compared to its 26-week average of 28 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on April 16.
09:20 EDTSLBMorgan Stanley calls a bottom in Oil Services sector
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April 13, 2015
10:00 EDTSLB, CAMOn The Fly: Analyst Downgrade Summary
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08:31 EDTSLBSchlumberger downgraded to Market Perform from Outperform at Raymond James
Raymond James downgraded Schlumberger to Market Perform based on valuation, international exposure, and continued weakening in the offshore space over the next two years.
08:31 EDTCAMCameron downgraded to Outperform from Strong Buy at Raymond James
Raymond James downgraded Cameron to Outperform with a $55 given a reduced orders outlook, a reduction in earnings potential near-term, and offshore exposure.
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