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Top Narrow Based Indexes For August 24 (ZAGG, VTG, CRRC)
Tuesday, August 24, 2010 - 1:25pm | 205By 1:06 pm, the Dow Jones Industrial Average was down 111.48 points, or 1.10%, to 10,062.93, while the broader Standard & Poor's 500 index had lost 13.26 points, or 1.24%. The NASDAQ composite index fell 28.71 points, or 1.33%. Some of the narrow based indexes that are still afloat in the...
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BP Had 360 Problems On Deepwater Horizon
Tuesday, August 24, 2010 - 8:58am | 169Employees of BP plc (NYSE: BP) said that they had found 360 problems related to overdue maintenance on the Deepwater Horizon rig, according to an investigation by the US Coast Guard and the Bureau of Ocean Energy Management. According to the FT, these “included problems with the alarms and an...
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Value Stocks! (VOD, ESV, SNY, SVU)
Monday, August 23, 2010 - 1:48pm | 296I ran a quick screen looking for value stocks today. The metrics that I used were NYSE and NASDAQ listed stocks that had a market capitalization over $1 billion, a P/E ratio of less than 10, a price to book ratio of less than 1.2, a price to cash flow ratio of less than 9 and a dividend yield of...
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News Summary (HP, FSLR, LCC, JBLU, CAL, RF, FITB, KEY)
Monday, August 23, 2010 - 11:21am | 215Energy stocks turned positive after falling for two consecutive weeks. Crude oil futures also moved up. The top gainers in the list were Helmerich & Payne (NYSE: HP) and First Solar (NASDAQ: FSLR). The NYSE Arca Oil Index (XOI) rose about 0.9%, while the The NYSE Arca Natural Gas Index (XNG)...
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Pritchard Capital Out With Morning Intelligence (COG, DO, EQT, NE, SFY)
Monday, August 23, 2010 - 9:26am | 176Pritchard Capital is out with its morning intelligence report. In the report, Pritchard Capital discusses Cabot Oil & Gas Corporation (NYSE: COG), Diamond Offshore Drilling, Inc. (NYSE: DO), EQT Corporation (NYSE: EQT), Noble Corporation (NYSE: NE), and Swift Energy Company (NYSE: SFY). In the...
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Dahlman Rose Out With An Update On Offshore Drilling (ATW, RIG, DO, ESV, NE, PDC, RIG, SDRL)
Monday, August 23, 2010 - 9:00am | 248Dahlman Rose & Co. is out with its weekly industry report on the offshore oil drilling sector. In the report, Dahlman Rose covers Atwood Oceanics (NYSE: ATW) Diamond Offshore (NYSE: DO), ENSCO PLC (NYSE: ESV), Noble (NYSE: NE), Pride International (NYSE: PDE), Rowan Companies, (NYSE: RDC),...
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Pritchard Capital: Oil Service Weekly Report
Monday, August 23, 2010 - 4:55am | 419Pritchard Capital says, “The Oil Service Index (OSX) fell 2.2%, underperforming the S&P 500's (SPX) 0.7% decline as the front-month crude oil and natural gas prices gave up 3.0% and 5.1%, respectively. Production services stocks were the worst performers, with the group median declining 2.4%,...
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Rowan Companies, Inc. $400 Million Offering of 5% Senior Notes
Thursday, August 19, 2010 - 4:28pm | 97Rowan Companies, Inc. (NYSE: RDC) today announced that it has priced a public offering of $400 million of its 5.000% senior notes due 2017, in a registered public offering. Rowan expects the proceeds from the notes offering to be used for general corporate purposes, including the potential...
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Company News for August 19, 2010 - Corporate Summary
Thursday, August 19, 2010 - 1:34pm | 771• Sears Holdings (NASDAQ: SHLD) posted a second quarter loss of 19 cents per share, one cent above Zacks estimates, on revenues of $10.5 billion, below Zacks estimates of $10.6 billion • Staples (NASDAQ: SPLS) posted in-line second quarter earnings of 20 cents a share; however, revenues of $5.5...
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Halliburton-Shell Tango in Majnoon - Analyst Blog
Thursday, August 19, 2010 - 12:34pm | 405The Houston-based oilfield services company, Halliburton Company (HAL) has received a letter of intent (LOI) from Shell Iraq Petroleum Development BV to develop the Majnoon field in Southern Iraq. Under the terms of the agreement, Halliburton will serve as project manager for the development and...
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New Details on HP Upheaval as CEO Looks Ahead
Wednesday, August 18, 2010 - 8:20am | 138Former Hewlett Packard Co (NYSE: HP) contractor Jodie Fisher alleged that she lost work from the company because she did not have sex with ex-CEO Mark Hurd, a source with knowledge of the matter told Reuters on Tuesday. It was the first time the nature of Fisher's claim has been reported, since HP...
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Transocean Under Investigation For Possible Drug Ties
Wednesday, August 18, 2010 - 1:47am | 181Transocean (NYSE: RIG), the world's largest provider of contract offshore drilling services, is under investigaton by the Treasury Department for the company's business operations in Burma, which may include a contract with a local businessman with drug ties. Regulatory filings showed the firm was...
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BP Oil Spill Shares Drop: Which Companies Benefit?
Tuesday, August 17, 2010 - 2:17am | 624The price of BP (BP) shares fell by more than 7% from August 6 to August 16, after US officials warned that they would be taking legal action against the multinational oil giant, preventing them from paying out dividends to existing share holders. Associate Attorney General Thomas Perrelli said the...
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Icahn Boosts Chesapeake Stake, Buys Anadarko Shares
Monday, August 16, 2010 - 10:27pm | 116Carl Icahn's hedge fund, Icahn Capital LP, boosted its stake in natural gas producer Chesapeake Energy (NYSE: CHK) to 12.7 million million shares as of June 30 from 2.12 million as of March 31, giving Icahan control of 2% of the Oklahoma-based company. Icahn also started a position in Anadarko...
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Dahlman Rose's Offshore Drilling Report For Transocean, Ltd.
Monday, August 16, 2010 - 9:41am | 139Transocean, Ltd. (NYSE: RIG) disclosed its quarterly dividend on Friday after a capital reduction, reported a planned $0.82 dividend that was supposed one of four quarterly dividends that would eventually total $3.20, only to have the project rejected by Switzerland regulators, according to Dahlman...