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Helix Energy Solutions Group, Inc. (HLX) Plans To Exit Oil And Gas Business
Monday, March 8, 2010 - 9:46am | 109Helix Energy Solutions Group, Inc. (NYSE: HLX), which operates offshore oil, and gas facilities, said that it plans to exit the oil, and gas business. The company is planning to become a contracting services company with a focus on deepwater well intervention, and subsea construction. The company...
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Comparing Two Oil Services ETFs
Friday, March 5, 2010 - 7:42pm | 329When it comes to sector ETFs, it is easy to understand why some sectors have multiple ETFs tracking the same industry group. Financials, retail, technology and even biotech are good examples of sectors where having multiple ETFs makes sense due to the number of companies of all sizes that qualify...
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Stocks That Created New 52-Week Highs (FUBC, ACGY, ACTL, ADVS, AKAM)
Friday, March 5, 2010 - 3:17pm | 2411st United Bancorp Inc (NASDAQ: FUBC) shares jumped 1.30% to create a new 52-week high of $8.59. According to analysts at FBR Capital Markets, FUBC is set to acquire failed banks in Florida and grow by as much as $2 billion. Acergy SA (NASDAQ: ACGY) shares climbed 2.82% to create a new 52-week high...
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TiVo Gets Favorable Court Ruling - Analyst Blog
Friday, March 5, 2010 - 12:46pm | 932TiVo Inc. (TIVO) soared 61.9% (or $6.32) and closed at $16.53 yesterday and rose another 3.99% (or 66 cents) after hours following the company’s announcement of a favorable ruling for the third time in a long running patent infringement dispute (since 2004) against EchoStar Communications Corp. (...
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Benzinga’s News Roundup (GPRE, COF, ISIS, BHI, TIVO)
Friday, March 5, 2010 - 9:06am | 326Green Plains Renewable Energy Inc. (NASDAQ: GPRE) reported today that it has priced 5.5 million shares of its common stock at $13.50 per share, for proceeds of $74.3 million. Green Plains has also granted the underwriters a 30-day option to purchase up to an additional 825,000 shares to cover over-...
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The Impact of Recent Merger Activity on Options Trading
Thursday, March 4, 2010 - 5:23pm | 1941Through the first two months of 2010, it appears the merger and acquisition party of the late 90s and early 2000 could be raring up once again. As Warren Buffett pointed out in his annual letter to shareholders, bankers don’t get paid for suggesting that companies not do deals, they get paid to...
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Puts Purchased in Halliburton…Bullish?
Thursday, March 4, 2010 - 11:25am | 122Halliburton (NYSE: HAL) has been trading in a volatile range over the past six months and is currently sitting below a resistance level. If the stock where to get held up there, the first downside target would be the $30 range. Not coincidentally, I am seeing the March $30.00 put purchased in one...
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Stocks That Created New 52-Week Highs (COMS, ACGY, ACOR, ACTL, ADVS)
Wednesday, March 3, 2010 - 3:52pm | 2703Com Corporation (NASDAQ: COMS) shares moved up 0.26% to create a new 52-week high of $7.72. COMS’ trailing-twelve-month revenues stand at $1.23 billion. Read more about this company here. Acergy SA (NASDAQ: ACGY) shares climbed to $17.73 to create a new 52-week high, before slipping slightly to $...
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Crude Oil May Face Sell-Off If DOE Report Reflects Notable Build In Crude; SLB Offers An attractive Entry Point
Wednesday, March 3, 2010 - 3:41pm | 209According to Susquehanna Financial, crude oil continued its upward movement today as the dollar moved lower and futures pointed towards a higher open in the equity market. The DOE report, scheduled to be announced later today, is expected to show a significant rise in the supplies of crude oil and...
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SLB Has Positive Catalysts Ahead
Wednesday, March 3, 2010 - 2:53pm | 201Analysts at Susquehanna Financial upgrade Schlumberger Limited (NYSE: SLB) from “neutral” to “positive.” The target price for SLB is set to $75. There is “19% upside” to the target price, the analysts say. “We see the following catalysts providing upside potential to earnings forecasts for SLB...
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Tuesday's Hot Stocks: One Fahionable Option Trade
Wednesday, March 3, 2010 - 10:27am | 2788With the major indices trading slightly higher Tuesday, there were 28 stocks which broke higher on BIG volume. If this is your first time reading one of my breakout reports you'll want to read the section below, however if you are familiar with my daily breakout report you should skip ahead to...
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SLB Upgraded On Improving On Fundamentals, Valuation
Wednesday, March 3, 2010 - 10:05am | 68Analysts at Susquehanna upgrade Schlumberger (NYSE: SLB) from "neutral" to "positive." The target price for SLB is set to $75. According to Susquehanna, the upgrade in the rating reflects Schlumberger's improving fundamentals, as well as its international exposure, acquisition synergies and...
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Allis-Chalmers’ Fourth-quarter Loss Wider-than-expected (ALY)
Tuesday, March 2, 2010 - 10:25am | 90Allis-Chalmers Energy, Inc., the oilfield services company (NYSE: ALY), posted fourth-quarter net loss of $9.5 million, or 13 cents per share compared to the consensus estimate of a loss of 12 cents per share. The company's worse-than-expected performance is attributed to lower utilization and...
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Helix Energy Solutions Group, Inc. (HLX) Maintains A Buy Rating
Friday, February 26, 2010 - 9:49pm | 98Analyst Stephen Gengaro at Jefferies & Company, Inc. has maintained a Buy rating for Helix Energy Solutions Group, Inc. (NYSE: HLX). Jefferies has maintained its price target of $15 for the Helix Energy Solutions Group, Inc, stock. According to Jefferies, the company’s oil, and gas production...
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T-3 Energy Services, Inc.’s (TTES) Price Target Raised
Friday, February 26, 2010 - 9:27pm | 93Jefferies & Company, Inc. has raised the price target for T-3 Energy Services, Inc. (NASDAQ: TTES) from $27 to $30. The company has reported strong results for the fourth-quarter, which was positively impacted by a large shipment fracturing manifold to a customer in Canada. The company...