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Stock Market & Financial Investment News

News For SLB;CHK;HAL;CLR From The Last 14 Days
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April 17, 2015
06:33 EDTHALSources: Halliburton hires BofA, Deutsche Bank to sell assets, Reuters reports
According to sources, Reuters reports that Bank of America (BAC) and Deutsche Bank (DB) have been hired by Halliburton (HAL) to sell two assets that could be valued at up to $5B. Bank of America will work to sell some of Halliburton's Sperry Drilling business, including logging-while-drigging, directional drilling and measuring-while-drilling, while Deutsche Bank is mandated to sell Halliburton's drill bits businesses. Halliburton is seeking to divest some assets to ease regulators' antitrust concerns in its $35B merger deal with Baker Hughes (BHI). 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 EDTHALOil services stocks should be bought on dips, says BMO Capital
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06:16 EDTSLB, HALOil 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.
10:31 EDTCHKAELP says McClendon did not approve Chesapeake settlement
Aubrey McClendon and American Energy Partners, LP responded to the announcement by American Energy Utica and The Energy & Minerals Group that Chesapeake Energy (CHK) has dismissed AEU and the John Doe Defendants 1-20 from the lawsuit filed by Chesapeake on February 17. The statement read, "AEU apparently chose to settle with Chesapeake before any discovery was taken, evidently for the business purpose of mitigating further damage that Chesapeake's litigation has been having on AEU's business and financing activities. AEU has the right to resolve the case in this fashion, but this resolution should not be mistaken as reflecting an informed view of the merits of Chesapeake's claims or a concession of any liability by any party to Chesapeake. Although Mr. McClendon is a director and the single largest non-institutional shareholder in AEU, he did not approve the settlement and neither he nor AELP were advised of the negotiated terms of this settlement. AELP and Mr. McClendon will continue their efforts to have the dispute arbitrated as required by Mr. McClendon's agreements with Chesapeake. As he will show in the appropriate forum, Mr. McClendon rightfully possesses an extensive array of information about more than 16,000 wells, and the related leasehold acreage and future wells, he jointly owns with Chesapeake, including land, well, title, accounting, geological, engineering, reservoir, operating, marketing, and performance information. Mr. McClendon's well-documented agreements with Chesapeake gave him the right to own and use this information for his own purposes, including sharing it with his employees, contractors, advisors, consultants and affiliated entities."
10:16 EDTCHKAmerican Energy - Utica dismissed from Chesapeake lawsuit
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09:20 EDTSLB, HALMorgan Stanley calls a bottom in Oil Services sector
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April 13, 2015
10:00 EDTSLBOn 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.
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