-
Royale Energy Finds Natural Gas
Thursday, November 11, 2010 - 3:58pm | 134Royale Energy, Inc. (Nasdaq: ROYL) announced it has set pipe at its Magnum #1 well located in the Lonestar field area of the Sacramento Basin. The well reached total depth and electric logs have been run. The well intersected a thick Forbes formation confirming the targets that were indicated on...
-
Highlights From Greenlight Capital's Investment Letter
Wednesday, November 10, 2010 - 1:19pm | 177David Einhorn of Greenlight Capital released his letter to investors and Benzinga has a copy of it. In the letter Einhorn wrote that its long positions rose a little more than the S&P 500, while its short positions rose a good deal less than the index. Its largest loser was Moody's (NYSE: MCO...
-
Benzinga's Top Pre-Market NASDAQ Gainers (VCGH, HERO, DEER, LLNW)
Wednesday, November 10, 2010 - 9:20am | 139VCG Holding Corporation (NASDAQ: VCGH) rose 17.20% to $2.18 in the pre-market session. VCGH's CEO has entered into an agreement to take the company private by acquiring the outstanding shares of the company for $2.25 per share, representing a 21% premium to its closing price on Tuesday. Hercules...
-
Citi Lowers EPS Estimates For Noble Corp.
Tuesday, November 9, 2010 - 9:42am | 90Citi has revised the 3Q10 adjusted EPS for Noble Corp. (NYSE: NE) to $0.34 per share from $0.39 per share to conform with the Thomson One reported EPS figure. It previously excluded from the 3Q10 results $14 million of transaction costs associated with the acquisition of FDR Holdings Limited at the...
-
Dahlman Rose Gives Offshore Drilling Report On RIG, PDE
Monday, November 8, 2010 - 10:51am | 174After carrying a cautious tone for several quarters with respect to ultra deepwater, Pride International (NYSE: PDE) management has become very positive. Management highlighted several new projects in West Africa that it expects will tighten UDW capacity in the coming months and lead to firmer...
-
Pride Tops, Deepwater Improves - Analyst Blog
Monday, November 8, 2010 - 10:03am | 763Pride International Inc. (PDE) reported better-than-expected third-quarter earnings of 33 cents per share, compared with the Zacks Consensus Estimate of 28 cents. However, the quarter's results dropped considerably from 48 cents reported in the year-earlier period. The company reported total...
-
Formula for a Bull Market 11-05-2010
Friday, November 5, 2010 - 6:41pm | 874Cusick's Corner There was no lack of positive catalysts for the bull this week. At this stage, the best scenario for a thriving Bull market and signal of a potentially stronger economy is rising Earnings + falling Inflation + low Interest rates = Prices going up. But the presumption is that the...
-
Friday's Put/Call Ratio Leaders (CEPH, ESV, MJN, IBKR, MHK)
Friday, November 5, 2010 - 1:22pm | 91Here is a quick peek at stocks that have abnormally high daily put/call ratios today relative to their average…. 1. Cephalon (NASDAQ: CEPH) 6,171 puts, 35 calls 2. Ensco PLC (NYSE: ESV) 8,909 puts, 287 calls 3. Mead Johnson Nuitrition (NYSE: MJN) 4,215 puts, 242 calls 4. Interactive Brokers Group (...
-
Another Gain in Patterson Rig Count - Analyst Blog
Friday, November 5, 2010 - 12:24pm | 360Onshore contract driller Patterson-UTI Energy Inc. (PTEN) declared its October 2010 drill rig count to average at 192, up from 184 in the previous month. The company operated 180 rigs in the U.S. and 12 in Canada in September, compared with 175 rigs in the U.S. and 9 rigs in Canada during...
-
New Plans for Pride & Seahawk
Friday, November 5, 2010 - 11:10am | 137Image via Wikipedia Despite the optimism of spinoff investors, not every spin is a success story...at least when measured by stock price appreciation. In late August of 2009, offshore rig contractor Pride International (PDE) spun off its shallow water operations into the newly formed Seahawk...
-
Jefferies & Company Lowers Pride International Estimates; Maintains Buy Rating
Friday, November 5, 2010 - 9:19am | 150With a premium UDW fleet, good earnings visibility, and outsized EPS growth in 2011 relative to its peers, Jefferies & Company is maintaining its Buy rating on Pride International, Inc. (NYSE: PDE) “as the Company is an attractive acquisition target as well as a pure play on the long-term...
-
Jefferies Cuts Price Target On Transocean (RIG)
Friday, November 5, 2010 - 7:49am | 75Jefferies & Co. cut its price target on Transocean LTD (NYSE: RIG) to $73 from $75, but is keeping its Hold rating. In a note to clients, Jefferies writes, "Although RIG has partially narrowed the valuation discount to its peers, we remain neutral on the shares primarily due to utilization and...
-
Transocean Still Battling GoM Spill - Analyst Blog
Thursday, November 4, 2010 - 3:03pm | 865Transocean, Inc. (RIG) – the world's largest offshore driller – reported weak third quarter 2010 results, hurt by decline in utilization rates and average daily revenue resulting from curbs on U.S. offshore drilling. Earnings per share, excluding expenses associated with the Macondo well...
-
Noble Corporation Settles FCPA Case
Thursday, November 4, 2010 - 12:53pm | 115Noble Corporation (NYSE: NE) announced today the resolution of the previously disclosed investigations by the United States Department of Justice and the United States Securities and Exchange Commission of the legality under the United States Foreign Corrupt Practices Act of certain reimbursement...
-
Unit Corporation Reports 2010 Third Quarter EPS of $.66
Thursday, November 4, 2010 - 9:02am | 73Unit Corporation (NYSE: UNT) reported net income of $34.5 million, or $0.73 per diluted share, for the three months ended September 30, 2010. For the same period in 2009, net income was $31.4 million, or $0.66 per diluted share. Total revenues for the third quarter of 2010 were $218.1 million (39...