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Fast Money Picks For September 2nd (FXE, RIG, CME, CZZ, BRCD)
Wednesday, September 1, 2010 - 7:39pm | 227CNBC Fast Money's Steve Cortes said on the show that he likes CurrencyShares Euro Trust (NYSE: FXE), because U.S. dollar will struggle as resources start to recover. CurrencyShares Euro Trust (FXE) gained 1.04% today, and closed at $127.56. Tim Seymour is a buyer of Transocean LTD (NYSE: RIG). He...
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Short Covering -- Bad News Was Priced In 09-01-2010
Wednesday, September 1, 2010 - 7:23pm | 772Cusick's Corner The market rallied in part from some overseas gains, better-than-expected August ISM Index (manufacturing up), plus short covering of positions previously made against the market. As stated in the Midday, some shorts were feeling like they were in front of a moving train, about to...
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Bearish Sentiment Rolled Over 09-01-2010
Wednesday, September 1, 2010 - 6:57pm | 929Cusick’s Corner Well, the overwhelming bearish sentiment rolled over into a huge upside gap into the Midday. The data was bad, the sentiment indicators were bad and market participants were extremely bullish -- this is a great recipe for upside, right? The more pertinent question is -- where do we...
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Deutsche Bank Out With Potential Additions To S&P 500 (WLT, ASH, BWA, JEF, CXO)
Wednesday, September 1, 2010 - 3:46pm | 429Deutsche Bank is out with its report on company's it speculates could be added to the S&P 500 index. It posts a list of 25 companies, and the newest additions are Walter Energy (NYSE: WLT), Ashland (NYSE: ASH), which both made it to the top 10 of the list. BorgWarner (NYSE: BWA), Jefferies...
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Rowan Companies Gain Despite New Drilling Regulations
Wednesday, September 1, 2010 - 3:05pm | 76Shares of Rowan Companies Inc. (NYSE: RDC) have jumped almost 10% today despite news of enhanced safety regulations in the U.S Gulf of Mexico following the Deepwater Horizon incident. The new regulations could hit its business because of uncertainties arising from the ability to obtain new...
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Halliburton Seals Deal with Eni - Analyst Blog
Wednesday, September 1, 2010 - 11:36am | 617Halliburton (HAL) announced that it won an oil field redevelopment contract from Italian oil company Eni SpA (E). Although the financial terms of the contract were not disclosed, the deal is said to be worth a multimillion dollar. Under the terms of the deal, Halliburton will be engaged in...
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Pritchard Capital's Morning Intelligence (ELON HAL ITRI RIG SDRL)
Tuesday, August 31, 2010 - 9:18am | 225Pritchard Capital is out with its daily Morning Intelligence report. In today's report, Pritchard covers Echelon Corporation (NASDAQ: ELON), Halliburton Company (NYSE: HAL), Itron, Inc. (NASDAQ: ITRI), Transocean LTD (NYSE: RIG), and Seadrill Limited Ordinary Shares (Bermuda) (NYSE: SDRL). In the...
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Dahlman Rose Sees Focus In Gulf Drilling
Monday, August 30, 2010 - 1:22pm | 210Dahlman Rose & Co released a report today on offshore drilling, noting that offshore drilling shares are "trading in close correlation with oil prices." Suggestions that the drilling moratorium could be lifted earlier than the November deadline seem to be emboldening operators to fix primarily...
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Atwood Oceanics, Inc. (ATW) unconfirmed chatter that Diamond Offshore Drilling Inc. (DO) will acquire company at $37.00
Monday, August 30, 2010 - 1:11pm | 55Atwood Oceanics, Inc. (ATW) unconfirmed chatter that Diamond Offshore Drilling Inc. (DO) will acquire company at $37.00 a share..(ATW)and (DO) could not be reached for comment
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Natural Gas Supply on the Rise - Analyst Blog
Friday, August 27, 2010 - 12:21pm | 894The federal government’s Energy Information Administration (“EIA”) reported an in line increase in natural gas supplies, attributable to relatively warm temperatures in most regions that led to robust electric generation demand for the commodity. Stockpiles held in underground storage in the...
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Citi: Helmerich & Payne is 'Undervalued' (HP)
Friday, August 27, 2010 - 11:23am | 112Citigroup Global Markets reiterated its Buy rating on shares of Helmerich & Payne (NYSE: HP) this morning. Citi maintains a $63 Price Target on the stock. Citi "Note[s] that H&P, despite having stronger earnings through the recent industry downturn and a higher rate of projected earnings...
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Pride Int'l: Persuasive Deepwater - Analyst Blog
Thursday, August 26, 2010 - 1:33pm | 385We believe that downward pressure on rig utilization and dayrates will continue in the near term resulting from newbuild capacity as well as the impact of the Gulf of Mexico (GoM) moratorium. However, long-term fundamentals of the offshore story remain favorable, especially the deepwater end of it...
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Pritchard Capital's Morning Intelligence (ATPG, BPZ, ESV, GST)
Thursday, August 26, 2010 - 9:21am | 134Pritchard Capital is out with its morning intelligence report. In the report Pritchard covers BPZ Resources, Inc. (NYSE: BPZ), ATP Oil & Gas Corporation (NASDAQ: ATPG), ENSCO PLC (NYSE: ESV), and Gastar Exploration Limited (NYSE: GST). In the report sent to clients, Pritchard Capital notes...
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Pritchard Capital Sees Benefits To Nuts And Bolts Of Oil Industry As Capex Spending Rises (CPX, HAL, WFT, NBR)
Thursday, August 26, 2010 - 8:53am | 241Pritchard Capital is out with a research report this morning on the nuts and bolts of the oil industry. It sees benefits to Complete Production Services, Inc. (NYSE: CPX) , Halliburton Company (NYSE: HAL) , RPC, Inc. (NYSE: RES) , and Weatherford International, Ltd. (NYSE: WFT), Nabors Industries...
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Flight for Safety Trade of Day 08-24-2010
Tuesday, August 24, 2010 - 6:55pm | 765Cusick’s Corner Flight for safety was the trade of the day in spite of the fact that the indices finished at their worst levels. This was the only glimmer of light for the bulls, the fact that the downside did not exhibit more follow through after a terrible morning and midday. Bonds were the big...