-
Merger Arbitrage Mondays – June 13, 2011
Monday, June 13, 2011 - 4:23am | 4945There was no activity on the Merger Arbitrage front last week as no new deals were announced. Four pending deals closed. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals...
-
Options Brief: Ensco plc
Friday, June 10, 2011 - 1:52pm | 93Shares of Ensco plc (NYSE: ESV) are lower on the session by 2.20%, trading at $53.33. Overall call volume is now running at 2.06x the daily average, with 90% of all calls traded being purchases on the offer. 4,884 contracts have traded on the session so far. Ensco plc, formerly Ensco...
-
Oil & Gas Sector Update 06/10/11
Friday, June 10, 2011 - 1:33pm | 306The Oil & Gas Sector has been one of the weakest performing areas of the market in today's trading session, currently 1.6% lower on the day. A plunge 2.7% plunge in NYMEX crude oil futures is fueling the decline. The worst performing stocks in the S&P Oil & Gas Sector currently are: 1...
-
Morgan Keegan Upgrades Noble Corporation to Outperform, Lowers PT To $48
Friday, June 10, 2011 - 6:51am | 29Morgan Keegan has upgraded Noble Corporation (NYSE: NE) from Market Perform to Outperform and has lowered the price target from $49 to $48.
-
Deutsche Bank Raises PT On ENSCO To $64
Friday, June 10, 2011 - 5:58am | 26Deutsche Bank has raised the price target on ENSCO (NYSE: ESV) from $60 to $64 and maintains its Buy rating.
-
Steve Jobs gives details on Apple's future new Cupertino campus
Wednesday, June 8, 2011 - 6:18pm | 530Last night, Apple CEO Steve Jobs proposed to the Cupertino, California City Council, Apple's plans to build a new campus in the city. The proposed campus will be built on a 98-acre piece of land that Hewlett-Packard (HP) owned up until last year when Apple bought it. The building will be 4-stories...
-
Morgan Keegan Raises PT on Ensco To $70
Wednesday, June 8, 2011 - 7:38am | 26Morgan Keegan has raised the price target on Ensco (NYSE: ESV) from $67 to $70 and maintains its Outperform rating.
-
PBS Nightly Business Report Opens Denver Bureau
Tuesday, June 7, 2011 - 3:27pm | 137NBR Worldwide LLC, the owner of PBS' Nightly Business Report (NBR), has announced the opening of a new Denver bureau as part of an agreement with Rocky Mountain PBS. The Denver bureau, which opened on June 1, will cover stories of national interest that address Denver and the Mountain West region...
-
Ensco Increases Revolving Credit Facilities to $1.9 Billion
Tuesday, June 7, 2011 - 11:00am | 109Ensco plc (NYSE: ESV) announced today that it has increased the commitments under its revolving credit facilities to a total of $1.9 billion. The commitment under a five-year credit facility is $1.45 billion. The commitment under a separate 364-day credit facility is $450 million. Ensco also...
-
A Peek Into The Market Before The Trading Starts
Monday, June 6, 2011 - 7:30am | 381Pre-open movers US stock futures are lower this morning, as investors are awaiting the start of Apple Inc's (NASDAQ: AAPL) annual developers conference. Futures on the Dow Jones Industrial Average dropped 30 points to 12,095.00 and futures on the S&P 500 stock index fell 3.10 points to 1,293.20...
-
Chesapeake Energy Completes Tender Offer for Bronco Drilling, 24.96M Shares Tendered
Monday, June 6, 2011 - 7:03am | 205Chesapeake Energy Corporation (NYSE: CHK) today announced that it has successfully completed its tender offer for Bronco Drilling Company, Inc. (NASDAQ: BRNC), which expired at 5:00 p.m., New York City time, on Friday, June 3, 2011. Based on preliminary information from Computershare Trust Company...
-
Merger Arbitrage Mondays – June 6, 2011
Monday, June 6, 2011 - 6:43am | 4795Merger activity increased last week with four new deals announced and eight closing. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 87 Total Number of Deals...
-
Mad Money Lightning Round: Cramer Likes Alcoa, Stewart Enterprises
Monday, June 6, 2011 - 12:50am | 190On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Marathon Oil (NYSE: MRO) has “already had its move. You're too late." Cramer said that Stewart Enterprises (NASDAQ: STEI) has “come down way too much. I'd be a buyer." For Amazon.com (NASDAQ: AMZN), Jim said, "Sales are good,...
-
Bulls Drilling Into Hercules Offshore
Friday, June 3, 2011 - 10:30am | 136Shares of Hercules Offshore, Inc. (NASDAQ: HERO) are higher on the session by 1.69%, currently trading at $6.03. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name...
-
Benzinga's Top Upgrades
Friday, June 3, 2011 - 8:07am | 136FBR Capital upgraded Noble Corporation (NYSE: NE) from “market perform” to “outperform.” NE's shares closed at $40.42 yesterday. Noble's trailing-twelve-month revenue is $2.55 billion. Analysts at Robert W. Baird upgraded Encore Energy Partners LP (NYSE: ENP) from “neutral” to “outperform.” ENP's...