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Stock Market & Financial Investment News

News Breaks
December 14, 2012
10:16 EDTSLB, HAL, BHI, WFTSchlumberger retreats after issuing profit warning
Schlumberger (SLB), which provides products and services for fossil fuel exploration, is slumping after the company reported that it is experiencing contractual delays and higher than usual seasonal weakness in its Europe/ex-Soviet Union/Africa region. Furthermore, the company warned that it's encountering weaker than expected activity on land in the U.S. and western Canada. Schlumberger expects these developments to reduce its earnings per share by 5c-7c, the company stated. In mid-morning trading, Schlumberger slumped $4.21, or 5.80%, to $68.35. A number of Schlumberger's competitors also declined, with Halliburton sliding 1.76% to $32.92, Baker Hughes (BHI) giving back 2.73% to $41.03, and Weatherford (WFT) losing 0.57% to $10.44.
News For SLB;HAL;BHI;WFT From The Last 14 Days
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August 22, 2014
16:18 EDTWFTWeatherford recommends rejection of 'Mini-Tender' offer by TRC Capital
Weatherford International has received notification of an unsolicited "mini-tender" offer by TRC Capital Corporation to purchase up to 5M shares, or approximately 0.65%, of the outstanding ordinary shares of Weatherford at $21.15 per share. TRC Capital's offer is approximately 4.3% below Weatherford's closing price of $22.10 on August 18, the day before the offer commenced. Weatherford does not endorse this unsolicited mini-tender offer and recommends that shareholders reject the offer. Weatherford recommends that shareholders who have not responded to TRC Capital reject the offer by taking no action because the offer is at a price below the current market price for Weatherford shares and is subject to numerous conditions, including any decrease in the market price of Weatherford's shares and the ability of TRC Capital to obtain financing on satisfactory terms. Weatherford further recommends that shareholders who have already tendered shares in TRC Capital's offer withdraw their shares by providing the written notice described in the offering documents prior to the time of expiration stated in the offer, which is on Thursday, September 18.
August 21, 2014
09:15 EDTHALEnerCom to hold a conference
The Oil & Gas Conference to be held in Denver on August 18-21 with webcasted company presentations to begin on August 21 at 10 am; not all company presentations may be webcasted. Webcast Link
August 17, 2014
17:42 EDTSLBSchlumberger should see profits increase, Barron's says
Schlumberger should see profits increase as the company focuses on its North American business, Barron's contends in its cover article. Reference Link
August 15, 2014
13:04 EDTBHIBaker Hughes reports U.S. rig count up 5 to 1913 rigs
Baker Hughes announced that the U.S. Rig Count is up 5 rigs from last week to 1913, with oil rigs up 1 to 1589, gas rigs up 5 to 321, and miscellaneous rigs down 1 to 3. Says the U.S. Rig Count is up 122 rigs from last year at 1791, with oil rigs up 192, gas rigs down 67, and miscellaneous rigs down 3. The U.S. Offshore rig count is 62, unchanged from last week, and unchanged year over year.
August 14, 2014
17:41 EDTBHI, WFTPoint72 Asset Management gives quarterly update on stakes
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17:27 EDTWFTAppaloosa gives quarterly update on stakes
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August 12, 2014
08:03 EDTSLBSchlumberger sees Q3 Russian sanctions impact of up to 3c per share
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August 11, 2014
16:14 EDTSLBOneSubsea, Helix, Schlumberger to form subsea well intervention alliance
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August 8, 2014
13:30 EDTBHIBaker Hughes reports U.S. rigs up 19 to 1908
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