-
Puts Sold on Nabors Industries LTD (NBR)
Thursday, July 8, 2010 - 4:38pm | 124Shares of Nabors Industries LTD (NYSE: NBR) ended the session lower by 3.54%, trading at $17.99. The stock has been trading largely lower over the past six months and is currently trading in a technical downtrend. Options traders were selling puts on the name today. The July $17.00 put was sold 1,...
-
Best Way To Invest And Profit From The BP Gulf Oil Spill With ETFs (XLE, GAZ, FCG, KIE, IAK, PIC)
Thursday, July 8, 2010 - 12:55pm | 151The energy industry is very much in the news after Deepwater Horizon, a drilling unit owned by Transocean (NYSE:RIG) exploded on April 20, 2010. Damage from the resulting oil spill, the(...)Read the rest of Best Way To Invest And Profit From The BP Gulf Oil Spill With ETFs (XLE, GAZ, FCG, KIE, IAK...
-
Late Market Update (HP, LCC, CAL, AMR, CKR)
Wednesday, July 7, 2010 - 3:17pm | 235Shares of Helmerich & Payne Inc (NYSE: HP) gained more than 6% after the company agreed to build and operate 7 new FlexRigs under a few multi-year term contracts. HP has signed contracts with 4 exploration and production companies. The company has not unveiled customer names as well as price of...
-
DO’s Earnings And Cash Flows Are At Risk
Tuesday, July 6, 2010 - 2:05pm | 244Analysts at Pritchard Equity Research reiterate their "neutral" rating on Diamond Offshore Drilling (NYSE: DO). The target price for DO has been reduced to $60. According to Pritchard Equity Research, “DO disclosed force majeure notices on two incremental floaters, bringing its total to three, as...
-
Benzinga’s Top Upgrades (HAL, PDE, BP, PGR)
Tuesday, July 6, 2010 - 10:21am | 158Halliburton Company (NYSE: HAL) was upgraded by Barclays Capital from “equal weight” to “overweight.” HAL’s shares closed at $25.74 on Friday. Halliburton’s earnings may grow by 45.07% in the next year. Barclays Capital upgraded Pride International Inc (NYSE: PDE) from “equal weight” to “overweight...
-
RDC Rolling Up Quality Assets At Fair Price
Friday, July 2, 2010 - 10:22am | 198Analysts at Pritchard Equity Research reiterate their "buy" rating on Rowan Companies Inc (NYSE: RDC). The target price for RDC is set to $27. According to Pritchard Equity Research, “Conservatively assuming Q1, Q3 and Q4 2011 start dates, dayrates of $330,000 per day along with $100,000 per day...
-
Rowan Upgraded to Buy at Pritchard Capital Partners (RDC)
Thursday, July 1, 2010 - 9:22am | 308Pritchard Capital Partners is out with a research report this morning, where it upgrades shares of Rowan Companies Inc. (NYSE: RDC) from Neutral to Buy; it has a $27.00 price target on the stock. The Pritchard Capital Partners analysts believe that the recent pullback “represents an opportune time...
-
Funding Facts, a/k/a Show Me the Money!
Tuesday, June 29, 2010 - 3:22pm | 1469Once you’ve done your research and made the decision to open a new brokerage account, you may want to start buying and selling right away. Similarly, if something comes up requiring quick access to liquid capital, you may want to withdraw some of your available cash. Policies put in place by...
-
Pritchard Revises Estimates for Noble Corp in Light of New Acquisition (NE)
Tuesday, June 29, 2010 - 2:13pm | 112Noble Corp (NYSE: NE) announced yesterday that it would acquire Frontier Drilling. This comes as a welcome surprise to those who were wondering what Noble was going to do with its cash. Pritchard analysts Brian Uhlmer and Ryan Fitzgibbon said, "According to our math, NE is paying ~9.9x Frontier's...
-
Dahlman Rose: Frontier Acquisition Should Catalyze Move Higher In Noble Corp (NE)
Tuesday, June 29, 2010 - 11:27am | 107Yesterday, Noble Corp. (NYSE: NE) announced that they had acquired Frontier Drilling for $2.16 billion. According to analysts at Dahlman Rose & Co. "The all-cash transaction will expand Noble's (NE) reach within the deepwater segment and is expected to be immediately accretive to cash flows."...
-
Company News for June 29, 2010 - Corporate Summary
Tuesday, June 29, 2010 - 9:37am | 223• Emerson Electric (NYSE:EMR) raised its bid for Chloride to $1.5 billion in an attempt to stave off a recommended $1.25 billion offer from Switzerland's ABB • A WSJ report says Abbott Labs (NYSE:ABT) is planning to sell its vaccine business in a deal that could result in $614 million • Tesla...
-
Calls Purchased on Rowan Companies (RDC)
Monday, June 28, 2010 - 11:50am | 126Shares of Rowan Companies (NYSE: RDC) are lower on the session by 1.93%, currently trading at $23.15. The stock has been moving lower and lower over the past two months, but is now nearing historical support at $22.00. Options traders are buying upside today. It appears that the July $22.50/25.00...
-
Noble Corp. Acquires Frontier, Inks Deal With Shell (NE, RDS.A)
Monday, June 28, 2010 - 10:25am | 177Noble Corp. (NYSE: NE) has announced that it is acquiring privately held drilling company FDR Holdings Ltd., also known as Frontier, in a deal valued at $2.16 billion. Noble (NE) also signed new contracts with Royal Dutch Shell (NYSE:RDS.A). The Frontier deal is expected to immediately boost NE's...
-
Company News for June 28, 2010 - Corporate Summary
Monday, June 28, 2010 - 10:20am | 194• Noble (NYSE: NE) announced that it agreed to acquire privately-held FDR Holdings LTD for $2.16 billion in cash • Valspar (NYSE: VAL) agreed to purchase Australian paint manufacturer Mattyl for about $124 million • Kellogg (NYSE: K) announced a recall of four cereal brands over taste and smell...
-
A Peek Into The Market At The Start Of The Trading Day
Monday, June 28, 2010 - 9:04am | 394Pre-open US stock futures moved up modestly today after the Group of 20 leaders pledged to reduce their government deficit by half by the year 2013. While futures on the Dow Jones Industrial Average added 28 points to 10,132, those on the S&P 500 gained 4.30 points to 1,079. Meanwhile, Nasdaq...