-
Patterson-UTI Cut to Neutral - Analyst Blog
Thursday, December 30, 2010 - 3:15pm | 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...
-
Global Hunter Initiates NE With Neutral
Thursday, December 30, 2010 - 9:05am | 50Analysts at Global Hunter initiate coverage of Noble Corporation (NYSE: NE) with a “neutral” rating. The target price for NE is set to $37. NE shares gained 2.33% to close at $35.34 yesterday. More Analyst Ratings here
-
Adding Yield to Your Porfolio - Muni Bonds 12-29-2010
Wednesday, December 29, 2010 - 3:18pm | 915Cusick's Corner Today I want to talk a little about adding yield to your portfolio, specifically municipal bonds. Muni bonds are issued by state and local governments to finance everything from road projects to school construction. Munis, as they are often called, are often not subject to...
-
Wednesday's Put/Call Ratio Leaders (HERO, FAST, AUXL, COF, CX)
Wednesday, December 29, 2010 - 1:31pm | 90Here is a quick peek at stocks that have abnormally high daily put/call ratios today relative to their average…. 1. Hercules Offshore (NASDAQ: HERO) 33,483 puts, 386 calls 2. Fastenal Co. (NASDAQ: FAST) 5,492 puts, 118 calls 3. Auxillium Pharmaceuticals (NASDAQ: AUXL) 5,009 puts, 222 calls 4....
-
U.S. Drilling Activity Improves - Analyst Blog
Wednesday, December 29, 2010 - 9:30am | 874In 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,...
-
U.S. Drilling Activity Improves - Analyst Blog
Wednesday, December 29, 2010 - 9:00am | 874In 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,...
-
Precision Drilling Corp. - Momentum
Tuesday, December 28, 2010 - 3:00am | 564Precision Drilling Corp. (PDS) recently hit a new multi-year high at $9.85 after reporting an impressive Q3 earnings surprise of 122% in late October. Estimates have since jumped higher, with the next-year estimate now projecting 71% earnings growth, providing plenty of momentum for this Zacks #1...
-
Precision Drilling Corp. - Momentum
Tuesday, December 28, 2010 - 1:00am | 564Precision Drilling Corp. (PDS) recently hit a new multi-year high at $9.85 after reporting an impressive Q3 earnings surprise of 122% in late October. Estimates have since jumped higher, with the next-year estimate now projecting 71% earnings growth, providing plenty of momentum for this Zacks #1...
-
Market Moving ETF Update
Monday, December 27, 2010 - 1:47pm | 579The theme to this Weekly Market Report will be Exchange Traded Funds or ETF's as they are often called by most traders and investors. An exchange traded fund is a security that trades just like a stock. The ETF will usually track an index or specific sector in the market by holding a basket of...
-
Rowan's Deepwater Initiative - Analyst Blog
Thursday, December 23, 2010 - 7:33pm | 495Offshore drilling service provider Rowan Companies Inc. (RDC) is constantly endeavoring to speed up its entry into the deepwater segment. As part of this effort, Rowan intends to acquire deepwater rigs to hasten its entry plan by at least one year versus its earlier approximation of two to four...
-
Rowan's Deepwater Initiative - Analyst Blog
Thursday, December 23, 2010 - 7:00pm | 495Offshore drilling service provider Rowan Companies Inc. (RDC) is constantly endeavoring to speed up its entry into the deepwater segment. As part of this effort, Rowan intends to acquire deepwater rigs to hasten its entry plan by at least one year versus its earlier approximation of two to four...
-
Craig Effron and Curtis Schenker: Scoggin Capital Management
Wednesday, December 22, 2010 - 2:17pm | 661Craig Effron and Curtis Schenker are what David Einhorn was before the Lehman debacle- brilliant hedge fund managers generally flying under the media's radar. Head of Scoggin Capital Management, they invest in mergers, spinoffs, bankruptcies, and financially distressed companies through stocks...
-
Noble Adjoins Two New Jackups - Analyst Blog
Wednesday, December 22, 2010 - 12:33pm | 478Noble Corporation (NE) has decided to add two new rigs to its jackup portfolio. It will spend approximately $440 million for the construction of these heavy-duty, harsh-environment jackup drilling rigs. The new rigs bring Noble's jackup size to 45 and the total fleet to 65 offshore drilling units...
-
Noble Adjoins Two New Jackups - Analyst Blog
Wednesday, December 22, 2010 - 12:00pm | 478Noble Corporation (NE) has decided to add two new rigs to its jackup portfolio. It will spend approximately $440 million for the construction of these heavy-duty, harsh-environment jackup drilling rigs. The new rigs bring Noble's jackup size to 45 and the total fleet to 65 offshore drilling units...
-
Options Brief: Pioneer Drilling Company (PDC)
Wednesday, December 22, 2010 - 11:26am | 80Shares of Pioneer Drilling Company (NYSE: PDC) are higher on the session by 1.70%, trading at $8.36. Overall call volume is now running at 2.63x the daily average, with 4% of all calls traded being purchases on the offer. 1,623 contracts have traded on the session so far. Pioneer Drilling Company...