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Rolling J.C. Penney Options Ahead of Expiration
Friday, January 21, 2011 - 9:48am | 1744Today is monthly options expiration, and trading volumes tend to build in the days (and hours) leading up to the session's close. Investors holding options have to decide whether to close their options, let them expire, or roll them to a later month. Now is a good time to remind you of the...
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Wells Fargo Downgrades ESV To Market Perform
Thursday, January 20, 2011 - 7:00am | 41Analysts at Wells Fargo downgrade Ensco Plc (NYSE: ESV) from “outperform” to “market perform.” ESV shares fell 2.34% to close at $52.61 yesterday. More Analyst Ratings here
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Greenlight Capital Annual Investor Letter
Wednesday, January 19, 2011 - 6:20pm | 107Market Folly has just posted David Einhorn's 2010 year end letter. Einhorn is a noted value investor who runs hedge fund Greenlight Capital. In the letter, Einhorn discloses new stakes in BP (NYSE: BP) and Sprint (NYSE: S). The fund's top five holdings are Arkema (PINK:ARKAY), Ensco (NYSE: ESV),...
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Atwood Oceanics Announces Exercise of Option to Construct Jack-Up Drilling Unit
Wednesday, January 19, 2011 - 11:48am | 150ATWOOD OCEANICS, INC. (NYSE: ATW) announced today that on January 14, 2011, Atwood Oceanics Pacific Limited, a wholly-owned subsidiary of Atwood Oceanics, Inc., exercised the first of three options and executed a turnkey construction agreement to construct a third Pacific Class 400 jack-up drilling...
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Noble Corporation to Construct Two New Drillships
Wednesday, January 19, 2011 - 9:54am | 167Noble Corporation (NYSE: NE) today announced that a subsidiary has signed a contract with Hyundai Heavy Industries Co. Ltd. ("H for the construction of two ultra-deepwater drillships, increasing the Company's number of floating drilling units to 26, 14 of which are dynamically positioned. The new...
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Credit Suisse Reiterates Its Overweight Rating on Noble Corp. (NE)
Wednesday, January 19, 2011 - 9:21am | 123Credit Suisse is reiterating its Overweight rating on Noble Corp. (NYSE: NE) following January's fleet status report. In its note to clients, Credit Suisse writes, "NE's January fleet status report was admittedly worse than expected reflecting permit challenges in the GoM, sharp declines in Mexican...
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Deutsche Bank Downgrades NE To Hold
Wednesday, January 19, 2011 - 7:21am | 50Analysts at Deutsche Bank downgrade Noble Corporation (NYSE: NE) from “buy” to “hold.” The target price for NE has been lowered from $43 to $40. NE shares dropped 0.05% to close at $38.07 yesterday. More Analyst Ratings here
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Market Longs Are Strong 01-18-2011
Tuesday, January 18, 2011 - 7:22pm | 874Cusick's Corner The market has held up again and is potentially setting up a nice upside challenge. This is the blow off that we have been waiting for and the catalyst could be AAPL's earnings. While the sustainability of a blow off run will come into question, the mere fact is that the longs are...
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Top Stocks with Big Potential Catch-Up Moves - Screen of the Week
Tuesday, January 18, 2011 - 3:01pm | 235Kevin Matras shows how to find the top stocks in the top sectors with the biggest potential catch-up price moves. Highlighted stocks include CNQR, CRS, EFII, HP and SYNA. CONCUR TECH INC (CNQR): Free Stock Analysis Report CARPENTER TECH (CRS): Free Stock Analysis Report ELECTRN IMAGING (EFII): Free...
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Noble to Switch Rigs - Analyst Blog
Tuesday, January 18, 2011 - 12:31pm | 721Noble Corporation (NE) signed a memorandum of understanding (MoU) with Petroleo Brasileiro SA (PBR or Petrobas), to swap Noble Muravlenko with Noble Phoenix due to below par performance by the former. Under the terms of the MoU, Noble Phoenix, currently under contract with Royal Dutch Shell Plc...
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Noble to Switch Rigs - Analyst Blog
Tuesday, January 18, 2011 - 12:15pm | 721Noble Corporation (NE) signed a memorandum of understanding (MoU) with Petroleo Brasileiro SA (PBR or Petrobas), to swap Noble Muravlenko with Noble Phoenix due to below par performance by the former. Under the terms of the MoU, Noble Phoenix, currently under contract with Royal Dutch Shell Plc...
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Options Brief: Patterson-UTI Energy (PTEN)
Tuesday, January 18, 2011 - 10:44am | 93Shares of Patterson-UTI Energy (NASDAQ: PTEN) are higher on the session by 0.63%, trading at $20.64. Overall call volume is now running at 6.48x the daily average, with 36% of all calls traded being purchases on the offer. 1,860 contracts have traded on the session so far. Patterson-UTI Energy,...
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Top Stocks with Big Potential Catch-Up Moves - Screen of the Week
Tuesday, January 18, 2011 - 1:00am | 235Kevin Matras shows how to find the top stocks in the top sectors with the biggest potential catch-up price moves. Highlighted stocks include CNQR, CRS, EFII, HP and SYNA. CONCUR TECH INC (CNQR): Free Stock Analysis Report CARPENTER TECH (CRS): Free Stock Analysis Report ELECTRN IMAGING (EFII): Free...
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U.S. Rig Count Holds Steady at 1700 - Analyst Blog
Monday, January 17, 2011 - 10:31am | 897In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported an unchanged U.S. rig count (number of rigs searching for oil and gas in the country), as increase in the number of oil rigs was offset by a fall in the natural gas rig count. The Baker Hughes rig...
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U.S. Rig Count Holds Steady at 1700 - Analyst Blog
Monday, January 17, 2011 - 10:15am | 897In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported an unchanged U.S. rig count (number of rigs searching for oil and gas in the country), as increase in the number of oil rigs was offset by a fall in the natural gas rig count. The Baker Hughes rig...