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Transocean Ltd. Announces Impairment Charge of $1.009B
Thursday, February 3, 2011 - 5:23pm | 71Transocean Ltd. (NYSE: RIG) today announced that it expects its fourth quarter 2010 results to include an after-tax non-cash charge of $1.009 billion, or $3.16 per diluted share, resulting from the impairment of the Standard Jackup fleet. The impairment is due to projected declines in dayrates and...
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Diamond Offshore Report Mixed - Analyst Blog
Thursday, February 3, 2011 - 2:31pm | 543Diamond Offshore Drilling Inc. (DO) reported fourth quarter 2010 earnings of $1.74 per share, substantially beating the Zacks Consensus Estimate of $1.45. However, earnings were much below the year-ago profit of $1.98. Total revenue in the quarter dropped nearly 5.6% to $841 million from the...
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Diamond Offshore Report Mixed - Analyst Blog
Thursday, February 3, 2011 - 2:01pm | 543Diamond Offshore Drilling Inc. (DO) reported fourth quarter 2010 earnings of $1.74 per share, substantially beating the Zacks Consensus Estimate of $1.45. However, earnings were much below the year-ago profit of $1.98. Total revenue in the quarter dropped nearly 5.6% to $841 million from the...
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A Peek Into The Market Before The Trading Starts
Thursday, February 3, 2011 - 8:49am | 456Pre-open movers US stock futures are mixed this morning, as investors are awaiting jobless-claims data and earnings report. Futures on the Dow Jones Industrial Average rose 7 points to 11,992 and S&P 500 futures fell 1.80 points to 1,298.20. Nasdaq 100 futures fell 1.75 points to 2,318. A Peek...
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Dahlman Rose Discontinues Coverage on (CAM, BHI, FTI, PTEN, NBR)
Thursday, February 3, 2011 - 8:33am | 111Dahlman Rose has discontinued its coverage on the following companies: Cameron International (NYSE: CAM) - Buy - $72 Baker Hughes (NYSE: BHI) - Buy - $95 FMC Technologies (NYSE: FTI) - Hold - No PT Patterson-UTI Energy (NASDAQ: PTEN) - Hold - No PT Nabors Industries (NYSE: NBR) - Hold - No PT CAM...
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Diamond Offshore Reports Upbeat Q4 Earnings
Thursday, February 3, 2011 - 8:19am | 55Diamond Offshore (NYSE: DO) reports its Q4 EPS at $1.74, beating the consensus of $1.47. DO reports its Q4 revenue at $840.9 million, versus the consensus of $844.21 million. DO shares gained 1.17% to $73.20 in after-hours trading. Read more from Benzinga's Company news.
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Diamond Offshore Drilling Reports $1.74 EPS (DO)
Thursday, February 3, 2011 - 8:13am | 153Houston, Texas-based Diamond Offshore Drilling, Inc. (NYSE: DO) on Thursday morning released financial results. Diamond Offshore Drilling, Inc reported that its 4th quarter net income fell to $241.7 million, or $1.74 per share, down from $276.1 million, or $1.98 per share, a year earlier. Diamond...
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Earnings Scheduled For February 3 (K, MA, CI, ITT, SUN, CAH, MRK, NYT, DOW, BX, LVS, DO, CSTR, CME, IP, GR, MCO, HOT)
Thursday, February 3, 2011 - 4:28am | 465Kellogg Company (NYSE: K) is expected to report its Q4 earnings at $0.51 per share on revenue of $2.85 billion. MasterCard (NYSE: MA) is projected to report its Q4 EPS at $3.04 on revenue of $1.42 billion. Cigna (NYSE: CI) is projected to report its Q4 EPS at $1.02 on revenue of $5.36 billion. ITT...
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Top 4 Mid-Cap Stocks In The Oil & Gas Drilling & Exploration Industry With The Lowest PEG Ratio (CXO, ATW, UNT, ESV)
Thursday, February 3, 2011 - 4:24am | 121Below 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 0.44. CXO's trailing-twelve-month operating margin is 47.54%. Atwood Oceanics Inc (NYSE: ATW) has a PEG ratio of 0.64. ATW'...
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Ensco plc Announces New Multi-Year Contract with Petrobras
Wednesday, February 2, 2011 - 11:21am | 107Ensco plc (NYSE: ESV) announced today that a subsidiary of the Company has entered into a 950-day drilling contract with Petroleo Brasileiro S.A. - Petrobras (NYSE: PBR) for ENSCO 7500, a 5th generation ultra-deepwater semisubmersible drilling rig that has operated for more than 10 years in the...
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Notice of Force Majeure by Atwood Oceanics
Tuesday, February 1, 2011 - 10:58am | 134Atwood Oceanics (NYSE: ATW), announced that, on January 29, 2011, due to the civil unrest that has occurred in Egypt, our customer, RWE Dea Nile GmbH gave notice to Alpha Offshore Services Company, a wholly-owned subsidiary of Atwood Oceanics, Inc., of a force majeure event affecting the operations...
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Get Your Oil Barrels While They're Under $100
Monday, January 31, 2011 - 4:42pm | 920Did you thank the speculators? Peak oil is real, no belief necessary An investment selling at a Louisiana gulf oil spill discount If the oil market was a scientific experiment, then it just found a catalyst...
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U.S. Gains 19 Drilling Rigs - Analyst Blog
Monday, January 31, 2011 - 2:36pm | 837In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country), primarily reflecting an increase in the number of land rigs. The Baker Hughes rig count, issued since 1944,...
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U.S. Gains 19 Drilling Rigs - Analyst Blog
Monday, January 31, 2011 - 2:14pm | 837In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country), primarily reflecting an increase in the number of land rigs. The Baker Hughes rig count, issued since 1944,...
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Standpoint Research Initiates Diamond Offshore with Accumulate
Monday, January 31, 2011 - 11:37am | 22Standpoint Research initiates Diamond Offshore (NYSE: DO) with an Accumulate rating and $88 price target.