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Pride International Settles FCPA Issues for $56.2M
Tuesday, December 7, 2010 - 2:40pm | 103Pride International, Inc. (NYSE: PDE) today announced that it completed its settlement with the U.S. Department of Justice and the Securities and Exchange Commission of outstanding U.S. Foreign Corrupt Practices Act matters that were voluntarily and promptly self-reported to the DOJ and the SEC in...
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Long ESV @ $50.75
Tuesday, December 7, 2010 - 12:53pm | 145We've seen some weakness since the open - in fact there has been little incentive from the market to build on the day's open. Right now, 1227 stands as the support level to watch for. If we break it, and close underneath the price level, I believe it greatly diminishes the euphoria behind this...
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Patterson-UTI Rig Count Inches Up - Analyst Blog
Tuesday, December 7, 2010 - 9:33am | 473Onshore contract driller Patterson-UTI Energy Inc. (PTEN) declared its November 2010 drill rig count to average at 193, up slightly from 192 in the previous month. The company operated 182 rigs in the U.S. and 11 in Canada in November, compared with 180 rigs in the U.S. and 12 rigs in Canada...
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Patterson-UTI Rig Count Inches Up - Analyst Blog
Tuesday, December 7, 2010 - 9:15am | 473Onshore contract driller Patterson-UTI Energy Inc. (PTEN) declared its November 2010 drill rig count to average at 193, up slightly from 192 in the previous month. The company operated 182 rigs in the U.S. and 11 in Canada in November, compared with 180 rigs in the U.S. and 12 rigs in Canada...
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Wells Fargo Securities Downgrades NBR To Market Perform
Tuesday, December 7, 2010 - 8:38am | 43Analysts at Wells Fargo Securities downgrade Nabors Industries Ltd (NYSE: NBR) from "outperform" to "market perform." NBR's shares gained 1.02% to close at $23.83 yesterday. More Analyst Ratings here
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U.S. Rig Count at 23-Month High - Analyst Blog
Monday, December 6, 2010 - 9:30am | 901In 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 land rig count. The Baker Hughes rig count, issued since 1944, acts as...
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U.S. Rig Count at 23-Month High - Analyst Blog
Monday, December 6, 2010 - 9:15am | 901In 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 land rig count. The Baker Hughes rig count, issued since 1944, acts as...
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Top 4 Small-Cap Stocks In The Oil & Gas Drilling & Exploration Industry With The Highest Cash (HERO, LNG, TAT, BPZ)
Friday, December 3, 2010 - 6:52am | 151Below are the top small-cap oil & gas drilling & exploration stocks on the NYSE, the NASDAQ and the AMEX in terms of cash. Hercules Offshore Inc (NASDAQ: HERO) had $134.64 million in total cash for the latest quarter. HERO's total debt stood at $879.32 million in the period. While Cheniere...
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Ensco Sublets New Deepwater Rig - Analyst Blog
Thursday, December 2, 2010 - 10:00am | 371The U.K. based Ensco plc (ESV) has strategically signed a short-term contract for its new ultra-deepwater semisubmersible drilling rig Ensco 8503, which is recently mobilized to the U.S. Gulf of Mexico (GoM). Ensco will sublet the new rig to Tullow Oil for three months, while original customer...
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Oppenheimer Maintains Ensco Rating And PT
Thursday, December 2, 2010 - 9:16am | 70Oppenheimer announced that it is maintaining its Outperform rating and $57 PT on shares of Ensco plc (NYSE: ESV). “We project Ensco will almost double EPS from 2010 to 2012 with its 8500 series newbuilds, with upside to our numbers if the 8504/8505/8506 get contracts in excess of our estimated ~$...
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J.P. Morgan Initiates Coverage On Rowan With An Overweight Rating
Thursday, December 2, 2010 - 8:38am | 100J.P. Morgan announced today that it is initiating coverage on Rowan Companies, Inc. (NYSE: RDC), noting that its Overweight rating “is based on a simple premise.” “We believe the company's asset mix is better positioned for the current environment than those of any of the other Offshore Drillers in...
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Ensco Sublets New Deepwater Rig - Analyst Blog
Thursday, December 2, 2010 - 4:17am | 371The U.K. based Ensco plc (ESV) has strategically signed a short-term contract for its new ultra-deepwater semisubmersible drilling rig Ensco 8503, which is recently mobilized to the U.S. Gulf of Mexico (GoM). Ensco will sublet the new rig to Tullow Oil for three months, while original customer...
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Special Dividends for 2010
Wednesday, December 1, 2010 - 4:53am | 5182010 may be the last year to have dividends taxed at 15%, and companies are responding by handing out special dividends. So far this year, Garmin (NASDAQ: GRMN), Transocean (NYSE: RIG), Hot Topic (NASDAQ: HOTT), Guess (NYSE: GES), etc. have already declared special dividends. With only one month...
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Atwood Oceanics, Inc. Announces Departure Senior VP
Tuesday, November 30, 2010 - 10:06am | 42ATWOOD OCEANICS, INC., (NYSE: ATW) announced today that Mr. Alan Quintero, Senior Vice President – Operations, resigned from the Company on November 24, 2010 with effect as of close of business November 30, 2010 to pursue other career interests.
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Rowan Companies Stays Neutral - Analyst Blog
Monday, November 29, 2010 - 12:33pm | 451We maintain our Neutral recommendation for Rowan Companies Inc. (RDC) following better-than-expected third-quarter results. Revenue was up more than 11% year over year. The company is confident of adding backlog on several high-spec jackups in the near term. This was affirmed by the recent...