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Stock Market & Financial Investment News

News Breaks
November 28, 2012
09:38 EDTSDRL, STO, CIEMorgan Stanley to host a conference
Global Offshore Conference is being held in Boston on November 28.
News For STO;SDRL;CIE From The Last 14 Days
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January 28, 2015
09:02 EDTCIECobalt announces termination of SEC investigation
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January 27, 2015
10:00 EDTSTO, CIEOn the Fly: Analyst Downgrade Summary
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06:35 EDTSTOStatoil downgraded to Underperform from Neutral at Credit Suisse
January 26, 2015
16:26 EDTCIEMarathon Oil, Cobalt, RSP Permian downgraded at UBS
UBS lowered its Brent and WTI forecasts to $52.50 and $49 from $67.50 and $62.50, respectively, and downgraded a number of names in the energy space in conjunction. Along with making changes to its oil price forecasts, UBS downgraded Marathon Oil (MRO), Cobalt (CIE) and RSP Permian (RSPP), all to Neutral from Buy. The firm also identified ConocoPhillips (COP), Devon Energy (DVN), Murphy Oil (MUR), Ultra Petroleum (UPL), Range Resources (RRC), Denbury Resources (DNR), and Magnum Hunter (MHR) as having high valuations, slowing growth and wide free cash flow deficits and said it was cautious on all of those names as well.
16:21 EDTCIECobalt downgraded to Neutral from Buy at UBS
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January 23, 2015
07:08 EDTSTONorwegian Statoil seeks to cut costs as oil prices drop, WSJ says
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January 22, 2015
09:16 EDTSDRLOn The Fly: Pre-market Movers
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08:49 EDTSDRLNorth Atlantic Drilling says Seadrill to back 2018 bond in trade for amendments
North Atlantic Drilling (NADL) announces the launch of an amendment process whereby Seadrill Limited (SDRL) will provide a guarantee for the company's NOK 1.5B bond maturing in 2018, in exchange for some amendments to the bond covenant package, namely replacing the NADL's current financial covenants with Seadrill's financial covenants from Seadrill's NOK denominated bonds. Concurrent with the amendment process for the Bond Agreement, NADL has also launched an amendment process for its secured credit facilities whereby Seadrill Limited will provide a guarantee. Successful conclusion of this process will amend the terms of the loan agreements to align with the terms set forth in Seadrill Limited's loan agreements. "The company's lenders have been supportive thus far and we expect successful conclusion of this amendment in the weeks to come," the company stated. North Atlantic Drilling shares are up 19% in pre-market trading following the announcement.
January 16, 2015
10:01 EDTSTOOn The Fly: Analyst Downgrade Summary
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08:29 EDTSTOStatoil downgraded to Underweight from Neutral at JPMorgan
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