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Stock Market & Financial Investment News

News Breaks
March 11, 2013
06:17 EDTSHI, HAL, PTR, SLB, CEOChina lacks experience with huge shale gas reserves, Reuters reports
China's plans to unlock what may be the world's biggest shale gas reserves risk running further behind after 16 firms were awarded exploration rights in the latest auction lacked one important skill - not one has drilled a gas well before, reports Reuters. The lack of experience exploiting shale among new firms scrambling to enter the sector will make it an even bigger challenge to get at the gas, and if they fail to deliver China will struggle to reduce its dependence on expensive imports of oil, liquefied natural gas and coal.Reference Link
News For SLB;HAL;CEO;PTR;SHI From The Last 14 Days
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January 20, 2015
10:17 EDTHALHalliburton, KBR appeals won't be heard by Supreme Court, Reuters reports
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09:32 EDTHALHalliburton to continue to focus on cash flows in FY15
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09:22 EDTHALHalliburton sees restructuring charge in Q1
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09:20 EDTHALHalliburton CEO expects to protect market share during downturn
Management stated that the company has historically outperformed market during downturns and is confident in ability to continue to do so.
09:16 EDTHALHalliburton says the company needs several quarters to see effect of price cuts
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09:12 EDTHALHalliburton sees activity declines in North America accelerating in Q1
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09:11 EDTHALOn The Fly: Pre-market Movers
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08:27 EDTSLBSchlumberger price target cut to $121 from $145 at Argus
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07:51 EDTSLBSchlumberger price target lowered to $80 from $89 at Jefferies
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07:45 EDTSLBSchlumberger price target lowered to $95 from $105 at UBS
UBS lowered its price target on Schlumberger to $95 from $105 following limited comments from the company on the industry's downturn. The company, however, believes its revenues will decline less than E&P spending. UBS reiterated its Buy rating on Schlumberger shares.
07:17 EDTSLBSchlumberger outlook positive, says RBC Capital
RBC Capital believes that Schlumberger will be a defensive name if oil weakness continues longer than expected, and could deliver a benchmark return if prices rally. The firm cut its price target on the name to $96 from $101 but keeps an Outperform rating on the shares.
07:04 EDTHALHalliburton says took $129M restructuring charge in Q4
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07:02 EDTHALHalliburton reports Q4 C&P revenue $5.5B, D&E revenue $3.3B
During the fourth quarter of 2014, Halliburton (HAL) incurred $19M for costs related to the pending Baker Hughes (BHI) acquisition.
07:01 EDTHALHalliburton reports Q4 EPS $1.19 ex-items, consensus $1.10
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06:26 EDTSLBSchlumberger to take 45.65% stake in Eurasia Drilling
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January 19, 2015
06:41 EDTCEOCNOOC downgraded to Underweight from Neutral at JPMorgan
JPMorgan downgraded CNOOC to Underweight saying the company's growth through acquisitions strategy presents risk amid low oil prices.
06:39 EDTPTRPetroChina downgraded to Neutral from Overweight at JPMorgan
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06:37 EDTPTRPetroChina downgraded to Underperform from Neutral at Credit Suisse
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06:37 EDTPTRPetroChina downgraded to Equal Weight from Overweight at Barclays
January 18, 2015
14:22 EDTSLBSchlumberger 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
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