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Patterson-UTI Closes Key Asset Buy - Analyst Blog
Tuesday, October 5, 2010 - 6:06am | 434Onshore contract driller Patterson-UTI Energy Inc. (PTEN) closed its previously announced acquisition of certain assets of onshore well service rig provider Key Energy Services (KEG) for approximately $238 million in cash. As per the deal between the two Houston-based companies, Key Energy sold...
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16 Stocks That Are Breaking Down
Monday, October 4, 2010 - 3:02pm | 236There are some bearish divergences out there indicating that this market could reverse course and allow for us to see a pullback of sorts in the very near future. While I don't rule that out, I think the odds are we move higher, and I have positioned my portfolio accordingly. Below you will find...
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Pride International To Initiate High Dividend?
Monday, October 4, 2010 - 9:15am | 128A recent report from Dahlman Rose illustrated the best way for Pride International (NYSE: PDE) to thwart off a take-out by Seadrill (NYSE: SDRL) (or someone else) is to initiate a high dividend policy. The market perception is that Pride does not view a merger with Seadrill as in its best...
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Patterson-UTI Energy Completes Acquisitions from Key Energy Services
Friday, October 1, 2010 - 3:20pm | 108PATTERSON-UTI ENERGY, INC. (Nasdaq: PTEN) today announced that two subsidiaries of the Company, Universal Pressure Pumping, Inc. and Universal Wireline, Inc. have completed the acquisition of pressure pumping and wireline assets from subsidiaries of Key Energy Services, Inc. (NYSE: KEG) for...
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Pritchard Capital's Morning Intelligence (HERO, NE)
Friday, October 1, 2010 - 9:59am | 94Pritchard Capital is out with its Morning Intelligence report. In the report it covers Noble Corporation (NYSE: NE) and Hercules Offshore, Inc. (NASDAQ: HERO). In the report Pritchard says it is lowering its numbers for NE again. It now sees 3Q10 / 2010 / 2011 now $0.29 / $2.95 / $4.30 vs. $0.58...
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Lower 3Q Numbers For Noble Corporation
Thursday, September 30, 2010 - 12:36pm | 86Fleet status update from Noble Corporation (NYSE: NE) has lowered Oppenheimer's 3Q10 Estimates on NE. In a research report Oppenheimer writes, "The main change to our estimate is zero assumed revenue for the Amos Runner and the Homer Ferrington, both of which have contracts in dispute or...
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Noble Downgraded To Neutral
Thursday, September 30, 2010 - 10:16am | 28CapitalOne Southcoast has downgraded Noble Corporation (NYSE: NE) from Add to Neutral and has lowered the price target from $42 to $39.
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Pritchard Capital's Morning Intelligence (APC, GST, NE)
Thursday, September 30, 2010 - 9:13am | 115Pritchard Capital is out with its morning intelligence report. In the report, Pritchard discovers Anadarko Petroleum Corporation (NYSE: APC), Gastar Exploration Limited (NYSE: GST), and Noble Corporation (NYSE: NE). In the research report, Pritchard Capital has thoughts on APC's oil show in Brazil...
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Mad Money Lightning Round: Cramer Likes Xerox, Advises Investors To Hold McMoRan Exploration (XRX, CLNE, MMR, UNP, RIG, BP, SLB)
Wednesday, September 29, 2010 - 6:02am | 230On CNBC's Mad Money, Jim Cramer said during the Lightning Round that he considers Xerox (NYSE: XRX) as a buy. He added that, “They have real earnings power and could move up 30% to 40%." For Clean Energy Fuels (NASDAQ: CLNE), he said that, "I have become jaded. I no longer believe this Congress is...
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Fast Money Picks For September 29th (HK, ATI, PAAS, HES, DO)
Tuesday, September 28, 2010 - 7:37pm | 259On CNBC's Fast Money, Stephen Weiss suggested investors to buy Petrohawk Energy Corporation (NYSE: HK). He thinks that natural gas is going higher. Petrohawk Energy Corporation (HK) fell 0.07% on Tuesday. Brian Kelly said that it looks like Boeing is getting 787 back online. This makes him bullish...
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Pride Attracts Call Buyers Despite Recent Rally (PDE)
Monday, September 27, 2010 - 11:04am | 194Shares of Pride International, Inc. (NYSE: PDE) are higher on the session by 0.13%, currently trading at $29.98. The stock has been moving largely higher over the past three months, rallying off of a low near $21.50. The stock's next resistance level is $32.50. Options traders are buying calls on...
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NOV & RIG, Pritchard Capital's Top Picks
Monday, September 27, 2010 - 10:52am | 196Pritchard Capital Partners recently added National Oilwell Varco (NYSE: NOV) and Transocean Ltd. (NYSE: RIG) to its top picks for the sector. Pritchard is expecting another solid quarter from the company in terms of EPS and orders. While Petrobras' (NYSE: PBR) share issuance and upcoming...
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Pritchard Capital Adding Transocean And National-Oilwell Varco As Top Picks (RIG, NOV)
Monday, September 27, 2010 - 8:11am | 177Pritchard Capital is adding National-Oilwell Varco, Inc. (NYSE: NOV) and Transocean LTD (NYSE: RIG) to its top picks in the oil service sector. In the research report, Pritchard writes, "We are expecting another solid quarter from the company in terms of EPS and orders. ...we continue to believe...
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Traders Looking for Pleasure From Helmerich & Payne (HP)
Thursday, September 23, 2010 - 1:57pm | 192Shares of Helmerich & Payne Inc. (NYSE: HP) are higher on the session by 0.82%, currently trading at $39.35. The stock has been moving largely sideways for the past twelve months, hovering around the $40.00 level and the 590-day moving average. Options traders are buying upside calls on the...
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News Summary (NBR, AMR, DAL, JBLU, ADBE)
Wednesday, September 22, 2010 - 11:18am | 222US Energy stocks gained ahead of Energy Information Administration's weekly supply data. Shares of Nabors Industries (NYSE: NBR) rose more than 2%, a day after the analysts at Goldman Sachs upgraded the company. The NYSE Arca Oil Index (XOI) rose about 0.42%, while the NYSE Arca Natural Gas Index...