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NASDAQ Stocks Hitting 52-Week Highs (UDRL, SIFI, ATML, PWAV)
Thursday, January 6, 2011 - 11:40am | 144Union Drilling Inc (NASDAQ: UDRL) shares rose 0.83% to touch a new 52-week high of $8.46. UDRL's trailing-twelve-month operating cash flow is $28.60 million. SI Financial Group Inc (NASDAQ: SIFI) shares jumped 3.45% to create a new 52-week high of $9.00. SIFI shares have surged 75.76% over the past...
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Pride Int'l Remains in Neutral Zone - Analyst Blog
Thursday, January 6, 2011 - 11:30am | 444We remain Neutral on Pride International Inc. (PDE) shares based on our conservative outlook for midwater and deepwater dayrates. Like other deepwater players, Pride International also felt a downward pressure on utilization from newbuild capacity and weakness in the floater market. However, the...
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Oil Services Stocks In Play
Thursday, January 6, 2011 - 11:18am | 119The Oil Services Holders Trust(NYSE: OIH) is trading slightly lower on the session by $1.16 to $138.26. The move lower comes after a U.S. presidential commission blamed BP plc(NYSE: BP), Halliburton Corp.(NYSE: HAL), and Transocean Ltd.(NYSE: RIG) for the gulf oil leak that occurred in April 2010....
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White House Chides BP, Industry For Spill
Thursday, January 6, 2011 - 3:16am | 240The National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling, the White House panel responsible for investigating the Gulf of Mexico oil spill, has concluded that the spill was avoidable and blamed BP (NYSE: BP) and its contractors for the accident. The Deepwater Horizon rig...
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Patterson-UTI Rig Count Grows Again - Analyst Blog
Wednesday, January 5, 2011 - 6:03pm | 443Onshore contract driller Patterson-UTI Energy Inc. (PTEN) declared its December 2010 drill rig count to average at 196, up slightly from 193 in the previous month. The company operated 184 rigs in the U.S. and 12 in Canada in December, compared with 182 rigs in the U.S. and 11 rigs in Canada...
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Patterson-UTI Rig Count Grows Again - Analyst Blog
Wednesday, January 5, 2011 - 5:25pm | 443Onshore contract driller Patterson-UTI Energy Inc. (PTEN) declared its December 2010 drill rig count to average at 196, up slightly from 193 in the previous month. The company operated 184 rigs in the U.S. and 12 in Canada in December, compared with 182 rigs in the U.S. and 11 rigs in Canada...
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RIG Ripping (RIG)
Wednesday, January 5, 2011 - 4:29pm | 80Transocean LTD (NYSE: RIG) is really moving higher today, gaining more than 4% today on heavy volume. At last check, shares of RIG are up $3.21 to $72.86, a gain of 4.61%. It's traded 4.7 million shares, which is inline with its average daily volume. Transocean Ltd. provides offshore contract...
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Wednesday's Put/Call Ratio Leaders (IBKR, ING, OCR, ESV, ONXX)
Wednesday, January 5, 2011 - 2:01pm | 91Here is a quick peek at stocks that have abnormally high daily put/call ratios today relative to their average…. 1. Interactive Brokers Group (NASDAQ: IBKR) 2,707 puts, 56 calls 2. ING Group (NYSE: ING) 4,712 puts, 105 calls 3. Omnicare Inc. (NYSE: OCR) 3,010 puts, 80 calls 4. Ensco plc (NYSE: ESV...
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A New Rig in Diamond's Kitty - Analyst Blog
Tuesday, January 4, 2011 - 2:45pm | 571A subsidiary of Diamond Offshore Drilling Inc. (DO) has signed a contract valued at $590 million with Korea's Hyundai Heavy Industries Co. to construct a new ultra-deepwater drillship, representing the company's increased focus for further deepwater venture. The new drilling rig, capable of...
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A New Rig in Diamond's Kitty - Analyst Blog
Tuesday, January 4, 2011 - 1:45pm | 571A subsidiary of Diamond Offshore Drilling Inc. (DO) has signed a contract valued at $590 million with Korea's Hyundai Heavy Industries Co. to construct a new ultra-deepwater drillship, representing the company's increased focus for further deepwater venture. The new drilling rig, capable of...
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Market is Extended 01-03-2011
Monday, January 3, 2011 - 7:34pm | 874Cusick's Corner This bullish market still has low volatility and is extended, so strategically traders may want to participate in this environment using spreads. Many bulls are potentially looking to buy at-the-money spreads, because the volatility is relatively cheap, and they do not have to lay...
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Calls Purchased on Helmerich & Payne (HP)
Monday, January 3, 2011 - 2:20pm | 138Shares of Helmerich & Payne (NYSE: HP) are higher on the session by 1.95%, currently trading at $49.43. 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 today. A...
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Noble Corporation Updates Status on Noble Jim Day Contract
Monday, January 3, 2011 - 10:50am | 86Noble Corporation (NYSE: NE) today reported that Marathon Oil Company has provided notice that it is terminating the drilling contract for the ultradeepwater semisubmersible drilling rig Noble Jim Day. Marathon's stated reason for the termination was that the rig had not been accepted by...
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Diamond Offshore Announces Order for $590M
Monday, January 3, 2011 - 9:24am | 110Diamond Offshore Drilling, Inc. (NYSE: DO) today announced that a subsidiary, Diamond Offshore Drilling Limited, has entered into a turnkey contract with Hyundai Heavy Industries Co., Ltd. for construction of a new ultra-deepwater drillship with delivery scheduled for late in the second quarter of...
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Patterson-UTI Cut to Neutral - Analyst Blog
Thursday, December 30, 2010 - 3:30pm | 382We have downgraded onshore contract driller Patterson-UTI Energy Inc. (PTEN) to Neutral from Outperform following the stock's recent gains, which have brought its valuation in line with our earlier expectations. Patterson-UTI is one of the largest onshore contract drillers in the U.S. with...