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Stock Market & Financial Investment News

News Breaks
November 28, 2012
09:38 EDTCIE, SDRL, STOMorgan 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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August 27, 2015
07:57 EDTSTOPlatts to hold a conference
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06:04 EDTSDRLSeadrill reports Q2 operating profit $384M
Operating profit for the quarter was $384 million compared to $703 million in the preceding quarter. The decrease was primarily due to the gain on deconsolidation of SeaMex during the first quarter, and a loss on the sale of the West Polaris to Seadrill Partners during the second quarter. Taken together, these items account for approximately $261 million, or 82%, of the sequential decline in operating profit. Excluding these non-recurring items, operating profit declined 11% sequentially. On a like for like basis, the decline in operating profit can be primarily attributed to the deconsolidation of SeaMex and increased idle time across the fleet.
06:04 EDTSDRLSeadrill achieves 83% economic utilization for floater fleet in Q2
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06:03 EDTSDRLSeadrill reports Q2 EPS 77c, consensus 63c
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August 26, 2015
10:57 EDTSDRLEuropean oilfield service names boosted by M&A speculation, says JPMorgan
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August 25, 2015
18:11 EDTSDRLTranocean tanks after proposing dividend cancellations, peers follow
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16:03 EDTCIECobalt CFO Wilkirson to depart, Young appointed as CFO
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August 24, 2015
16:23 EDTCIEOn The Fly: Top stock stories for Monday
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07:03 EDTCIECobalt sells all of 40% participating interest in offshore Angola for $1.75B
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07:02 EDTCIECobalt sells all of 40% participating interest in offshore Angola for $1.75B
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August 18, 2015
08:12 EDTSTOGlobal Big Oil sector upgraded at Citi
Citi analysts Alastair Syme and Michael Alsford upgraded their rating on the Global Big Oil space and now recommend investors position "at least a benchmark-weight" in the group. The analysts, who had been multi-year cautious on the space, prefer Total (TOT), ConocoPhillips (COP) and Statoil (STO), which they call "self-helpers." The sector price-to-book ratio of 1.2 times is now below the Q1 of 2009 and Q4 of 1998 troughs, Syme and Alsford write. Cost-cutting and better capital allocation are key to restoring the industry's profitability, they believe.

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