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Stock Market & Financial Investment News

News Breaks
March 18, 2013
13:32 EDTHAL, PDE, RIG, WFT, BHI, SLB, DO, NBR, RDCOil services stocks fall after Schlumberger calls North America weak
A number of oil services stocks are falling after the leader in the sector, Schlumberger (SLB), stated on slides for the Howard Weil Conference that activity in North America has been below expectations in the first quarter. The company's customers have activated fewer rigs on the continent than they had previously indicated, Schlumberger explained. Schlumberger also stated that it was temporarily reducing its activity in Venezuela due to "collection issues." The company forecast that its earnings per share would grow by double digit percentage levels this year, in-line with its previous outlook, as long as North American land activity and prices meet its previous forecast and issues resolve in Venezuela. Meanwhile, the company forecast that demand for oil would increase just 1% in 2013 compared to 2012. The increase will be driven by developing markets, with China generating 50% of the growth, Schlumberger stated. In mid-afternoon trading, Schlumberger fell 3% to $77, Baker Hughes (BHI) gave back 2% to $47, Weatherford (WFT) lost 1.5% to $12, and Halliburton (HAL) lost 1.6% to $41.23.
News For SLB;RIG;RDC;BHI;PDE;NBR;WFT;HAL;DO From The Last 14 Days
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June 29, 2015
11:29 EDTRIGStocks with call strike movement; RIG BABA
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June 26, 2015
16:00 EDTRIGOptions Update; June 26, 2015
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13:04 EDTBHIBaker Hughes reports U.S. rig count up 2 to 859
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11:56 EDTRIGStocks with call strike movement; RIG AMD
Transocean (RIG) November 20 call option implied volatility increased 2% to 43, AMD (AMD) October 3 call option implied volatility decreased 1% to 52 according to IVolatility.
07:31 EDTSLBOneSubsea awarded contract for supply of subsea trees for Shah Denix Two
OneSubsea, a Cameron (CAM) and Schlumberger (SLB) company, has been awarded a contract totaling more than $60M for the Shah Deniz Two development, operated by BP, offshore Azerbaijan. OneSubsea was awarded the initial contract for subsea trees for Shah Deniz Two in 2013. The scope of the new contract includes the supply of the second of three planned batches of subsea production trees and ancillaries. Deliveries are expected to commence 2016.
June 25, 2015
11:38 EDTHALStocks with call strike movement; HAL YHOO
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07:35 EDTBHI, HALBaker Hughes volatility low into Haliburtonís expected closing of purchase
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07:08 EDTBHI, HALHalliburton volatility low into expected closing of Baker Hughes acquisition
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June 24, 2015
17:57 EDTBHIWall Street applauds Senate giving go-ahead for 'fast track' trade powers
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07:19 EDTSLB, RIG, RDC, NBR, WFT, HAL, DO, BHIU.K. panel to decide on first fracking in area since 2011, WSJ reports
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June 21, 2015
14:25 EDTRIGTransocean shares look cheap, Barron's says
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June 19, 2015
13:04 EDTBHIBaker Hughes reports U.S. rig count down 2 to 857
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10:48 EDTRIGStocks with call strike movement; RIG RAD
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06:02 EDTBHIAker Solutions and Baker Hughes to cooperate on early-phase oil and gas studies
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