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Cooperman has Decent Size Position in Teva and Transocean -CNBC
Thursday, May 12, 2011 - 1:00pm | 67Cooperman says, "difficulty getting increased supply of oil... economy is on path of 3% GDP growth... we have a decent size position in Teva (NASDAQ: TEVA)... we have GM (NYSE: GM) earning about $5 next year... we have a decent position in Transocean (NYSE: RIG)."
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Unit Corporation Announces Pricing of Upsized Public Offering of $250 Million of Senior Subordinated Notes
Wednesday, May 11, 2011 - 2:49pm | 66Unit Corporation (NYSE: UNT) announced today that it has priced an underwritten public offering of $250 million aggregate principal amount of senior subordinated notes due 2021, which will bear interest at a rate of 6.625 percent per year. The notes are being sold at 100 percent of par. The size of...
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Vantage Drilling Company Announces Order for Ultra-Deepwater Drillship
Tuesday, May 10, 2011 - 12:44pm | 112Vantage Drilling Company (NYSE: VTG) today announced that it has entered into an agreement with Daewoo Shipbuilding and Marine Engineering Co., Ltd to construct an ultra-deepwater drillship further expanding the Company's ultra-deepwater drilling fleet. The Company plans to name the drillship...
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Duncan-Williams Upgrades Noble Corporation to Strong Buy, PT Set to $54 (NE)
Monday, May 9, 2011 - 1:19pm | 120Duncan-Williams upgraded Noble Corporation (NYSE: NE) from Reduce to Strong Buy. The new price target was set to $54. In a research report published today, Duncan-Williams stressed it believes Noble's shares are underestimated at the moment. In the report, Duncan-Williams states, "We are upgrading...
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Duncan-Williams Upgrades Helmerich & Payne to Buy, PT Set to $72 (HP)
Monday, May 9, 2011 - 1:10pm | 126Duncan-Williams upgraded Helmerich & Payne (NYSE: HP) from Reduce to Buy. The new price target was set to $72. In a research report published today, Duncan-Williams argued that the recent fall of 15% in value of HP's shares was unmerited, thus making its shares a worthy investment. In the...
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UPDATE: Global Hunter Lowers PT on Rowan Companies to $41 (RDC)
Monday, May 9, 2011 - 8:08am | 148Global Hunter is out with its report today on Rowan Companies (NYSE: RDC), lowering its PT from $44 to $41. In a note to clients, Global Hunter writes, "Rowan is among the drillers most likely to benefit from the incremental jackup work coming in Saudi Arabia, and we believe investors have...
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Puts Purchased on Helmerich & Payne, Inc. (HP)
Friday, May 6, 2011 - 12:08pm | 146Shares of Helmerich & Payne, Inc. (NYSE: HP) are lower on the session by 0.33%, currently trading at $58.24. The stock has been moving largely lower over the past three weeks and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. Though...
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Options Brief: Pioneer Drilling Company (PDC)
Friday, May 6, 2011 - 10:29am | 86Shares of Pioneer Drilling Company (AMEX: PDC) are higher on the session by 3.69%, trading at $12.63. Overall call volume is now running at 5.17x the daily average, with 27% of all calls traded being purchases on the offer. 1,782 contracts have traded on the session so far. Pioneer Drilling...
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Helmerich & Payne Reports U.S. Attorney Grand Jury Probe -Bloomberg (HP)
Friday, May 6, 2011 - 10:16am | 45Bloomberg says that Helmerich & Payne (NYSE: HP) reports the U.S. Attorney grand jury probe. The probe is regarding the May 2010 problem at 1 offshore rig. Helmerich & Payne says operations were suspended and an internal investigation was conducted.
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Dahlman Rose Comments On Transocean Following Weaker Than Expected Earnings
Friday, May 6, 2011 - 9:44am | 186Transocean's (NYSE: RIG) 1Q11 EPS results were weaker than expected as revenues were negatively affected by lower-than-expected utilization, particularly in the midwater and deepwater floater segments. The company remains focused on expanding its exposure to the high-spec segment. Transocean...
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Global Hunter Lowers Price Target On Union Drilling
Friday, May 6, 2011 - 9:37am | 199According to Global Hunter Securities, Union Drilling (NASDAQ: UDRL) price target is lowered. Global Hunter said that UDRL's Q1 miss exceeded our expectations and the Street's. “This, along with an insipid conference call and a repugnant energy tape led the stock chart to resemble the trajectory...
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Jefferies Raises PT On Transocean Following Recent Earnings Release
Friday, May 6, 2011 - 7:44am | 210According to Jefferies, although Transocean (NYSE: RIG) is starting to look more attractive from a valuation standpoint, particularly given the upturn that appears to be materializing in the UDWmarket, Jefferies continues to rate RIG shares a Hold as higher op costs and operational issues continue...
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Jefferies Lowers PT On Transocean To $79
Friday, May 6, 2011 - 5:52am | 26Jefferies & Company has lowered the price target on Transocean (NYSE: RIG) from $81 to $79 and maintains its Hold rating.
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Top 4 Mid-Cap Stocks In The Oil & Gas Drilling & Exploration Industry With The Lowest PEG Ratio (CXO, WLL, DO, UNT)
Friday, May 6, 2011 - 12:59am | 122Below are the top mid-cap oil & gas drilling & exploration stocks on the NYSE and the NASDAQ in terms of PEG ratio Concho Resources Inc (NYSE: CXO) has a PEG ratio of 0.40. CXO's trailing-twelve-month operating margin is 39.19%. Whiting Petroleum Corporation (NYSE: WLL) has a PEG ratio of...
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Options Brief: Rowan Companies, Inc. (RDC)
Thursday, May 5, 2011 - 1:29pm | 83Shares of Rowan Companies, Inc. (NYSE: RDC) are higher on the session by 0.74%, trading at $38.20. Overall put volume is now running at 5.07x the daily average, with 73% of all puts traded being purchases on the offer. 2,319 contracts have traded on the session so far. Rowan Companies, Inc. is a...