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Patterson-UTI Calls and iShares Investment-Grade Corporate Bond Puts Heating Up
Wednesday, September 15, 2010 - 8:06am | 150Option traders appear to be setting up for a bullish move on Patterson-UTI Energy Inc. (Nasdaq: PTEN). Traders plowed into 3,378 new call option contracts -- 10.21 times the average volume -- on the stock on Tuesday. And we know that traders were eager to get into this trade because 94% of the...
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Atwood Oceanics Announces Six-Month Contract Extension
Tuesday, September 14, 2010 - 10:23am | 94ATWOOD OCEANICS, INC. (NYSE: ATW) announced today that the ATWOOD EAGLE has been awarded a six-month contract extension by Chevron Australia Pty Ltd pursuant to the existing contract. With this option exercised, the rig's current contract commitment will be extended until six months beyond the...
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Pritchard's Morning Intelligence: Oil Services
Tuesday, September 14, 2010 - 9:44am | 437Pritchard Morning Intelligence Oil Services Key Energy Services, Inc (NYSE: KEG) – August Update Slightly Positive – U.S. rig hours totaled 142,118 or 6,460 per day, slightly better than estimates of 141,062 and 6,412 respectively. International rig hours were 31,461 or 1,015 per day, slightly less...
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Oil and Gas Services Stocks Trading September 13th; HWEG.PK, NYSE: SPN, PDS, SRE, SLB
Monday, September 13, 2010 - 2:39pm | 684Sept 13, 2010 (Investorideas.com energy newswire) –Investorideas.com, an investor research portal covering oil and gas stocks reports on oil and gas services stocks for September 13th. Crude Oil Oct 10 is trading at $ 77.02 +0.57. Energy Services Stocks Trading September 13, 2010 Dril-Quip, Inc...
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Chasing Value: Barron's is Right About Noble, Raytheon, But Forget About Its Market Strategists
Monday, September 13, 2010 - 10:25am | 171Last week's Barron's (Sept. 6) was full of great stock insights and the favorable reports on Noble Corp. (NYSE: NE) and Raytheon Company (NYSE: RTN) were well articulated. Often you hear that by the time the news hits the streets, it's too late to get in on the bargain. This is a myth; both of...
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Pritchard Morning Intelligence (CLR, APC, ES, NOV, BRNC)
Monday, September 13, 2010 - 9:21am | 187Pritchard Capital is out with its Morning Intelligence research report this morning. In the report, it covers Continental Resources, Inc. (NYSE: CLR), Anadarko Petroleum Corporation (NYSE: APC), EnergySolutions, Inc. (NYSE: ES), National-Oilwell Varco, Inc. (NYSE: NOV), and Bronco Drilling Company...
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Pritchard Capital Has Oil Services Industry Update (FTI, HAL, PDE, RES, SPN)
Monday, September 13, 2010 - 8:47am | 177Pritchard Capital is out with its weekly report on the oil services sector. It's favorite ideas are FMC Technologies, Inc. (NYSE: FTI), Halliburton Company (NYSE: HAL), Pride International, Inc. (NYSE: PDE), RPC, Inc. (NYSE: RES) and Superior Energy Services, Inc. (NYSE: SPN). In the report,...
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Reveal Fluids Make-Up, Says EPA - Analyst Blog
Friday, September 10, 2010 - 3:09pm | 899The U.S. Environmental Protection Agency (“EPA”) has sought information from nine natural gas service companies about the chemicals used in hydraulic fracturing (or fracking) – a method used to extract natural gas by blasting underground rock formations with a mixture of water, sand and chemicals...
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Top Narrow Based Indexes For September 10 (IDI, RIG, BTIM)
Friday, September 10, 2010 - 12:08pm | 191By 11:51 am, the Dow Jones Industrial Average was up 17.56 points, or 0.17%, to 10432.80, while the broader Standard & Poor's 500 index had gained 2.65 points, or 0.24%. The NASDAQ composite index fell 1.96 points, or 0.09%. Some of the narrow based indexes that are driving the market are...
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Nabors Priced Senior Notes at $700M - Analyst Blog
Friday, September 10, 2010 - 12:06pm | 431Nabors Industries Inc., a wholly owned subsidiary of Nabors Industries Ltd. (NBR), announced the pricing of Senior Unsecured Notes due 2020 at $700 million. The notes carry an interest rate of 5.0% and will be fully and unconditionally guaranteed by Nabors Industries Ltd. With a yield of 5.056...
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Friday's Mid-day Options Volume Leaders (C, AAPL, WEN, RIG, QCOM)
Friday, September 10, 2010 - 11:50am | 129The overall market is pushing to the upside once again; currently, the S&P 500 (CBOE: SPX) is up by 3.67 points, trading at $1,107. Trading is generally choppy, despite the solid movement higher in energy stocks, industrials, and material stocks, which are al positive by nearly 1.00%. Here are...
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Pritchard Capital's Morning Intelligence (BEXP, TDW, ATW, HERO)
Friday, September 10, 2010 - 8:51am | 162Pritchard Capital is out with its Morning Intelligence report. In the report, Pritchard covers Brigham Exploration Company (NASDAQ: BEXP), Tidewater Inc. (NYSE: TDW), Atwood Oceanics, Inc. (NYSE: ATW), and Hercules Offshore, Inc. (NASDAQ: HERO). In the research report, Pritchard Capital says that...
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Transocean Ltd. to Present at Energy-Power Conference
Thursday, September 9, 2010 - 4:18pm | 53Transocean Ltd. (NYSE: RIG) today announced that Steven L. Newman, President and Chief Executive Officer of the company, will address attendees at the Barclays Capital CEO Energy-Power Conference in New York, NY. Mr. Newman is scheduled to present on Wednesday, September 15, 2010, at 10:25 a.m. EDT.
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Nabors Prices $700 Million in Debt Offering
Thursday, September 9, 2010 - 2:01pm | 107Nabors Industries Ltd. (NYSE: NBR) today announced that its wholly owned subsidiary, Nabors Industries, Inc., has priced $700 million in Senior Unsecured Notes due 2020, following the private placement offering it announced yesterday. The notes will bear interest at a rate of 5.0 percent and will...
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BP Posts Internal Report on Spill - Analyst Blog
Thursday, September 9, 2010 - 10:03am | 477BP plc (BP) released its internal investigation report on the Deepwater Horizon explosion yesterday. Apart from blaming itself for the accident, BP also holds others such as Transocean Ltd. (RIG) and Halliburton Co. (HAL) responsible. In its 193-page report, the U.K. oil major cited at least eight...