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ETF Showdown: The "Other" Oil Services ETFs
Friday, July 15, 2011 - 1:46pm | 536ETF Showdown: The “Other” Oil Services ETFs Short-term traders love oil services stocks. This high-beta group can pack quite a punch in either direction when oil prices are trending strongly and it should be noted that the likes of Halliburton (NYSE: HAL) and National Oilwell Varco (NYSE: NOV)...
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Halliburton Company Earnings Preview: Analysts Expect Rising Revenue
Friday, July 15, 2011 - 9:58am | 554Halliburton Company (NYSE: HAL) earnings are right around the corner! Don't be caught off-guard: The company unveils its next round of earnings this Monday, July 18, 2011. Need to brush up a bit ahead of Monday's announcement? We've got just the thing. Here's your essential guide to Halliburton...
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Key Energy Services Announces Definitive Agreement to Acquire Edge Oilfield Services and Summit Oilfield Services
Thursday, July 14, 2011 - 5:54am | 151Key Energy Services, Inc. (NYSE: KEG) today announced that it has reached a definitive agreement to acquire Edge Oilfield Services, L.L.C. and Summit Oilfield Services for consideration of approximately $300 million, consisting of approximately 7.5 million shares of Key common stock and...
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Halliburton Company Earnings Preview: Analysts Expect Rising Revenue
Wednesday, July 13, 2011 - 11:26am | 456Halliburton Company (NYSE: HAL) earnings are right around the corner! Don't be caught off-guard: The company unveils its next round of earnings this Monday, July 18, 2011. Need to brush up a bit ahead of Monday's announcement? We've got just the thing. Here's your essential guide to Halliburton...
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Halliburton Awarded Integrated Services Contract from Chevron for Shale Natural Gas Exploration in Poland
Wednesday, July 13, 2011 - 8:06am | 102Halliburton (NYSE: HAL) announced today that it has been awarded a contract from Chevron (NYSE: CVX) for integrated services for shale natural gas exploration in Poland. Work on Chevron Polska's initial shale gas exploration drilling program is expected to begin in the fourth quarter and the...
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Geokinetics Announces $165 Million in Project Awards
Tuesday, July 12, 2011 - 3:19pm | 42Geokinetics, Inc. (NYSE: GOK) today announced that it has secured work valued at approximately $165 million for several new projects and extensions to current projects in the Latin America, Asia-Pacific, EAME and North America regions.
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Pritchard Capital Reiterates Buy on TGC Industries and Rex Energy
Tuesday, July 12, 2011 - 7:34am | 85Pritchard Capital reiterated its Buy rating on TGC Industries (NASDAQ: TGE). At the same time, the rating agency left its price target unchanged at $8. On Monday, TGE closed the day at $6.15. At the same time, Pritchard Capital left its rating on Rex Energy (NASDAQ: REXX) unchanged at Buy. The...
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Stocks to Watch for Tuesday 07/12/11: Fresh 52 Week Highs and Lows
Monday, July 11, 2011 - 4:09pm | 1546Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Monday's trading session (listed from highest total volume to lowest): 1) BioSante Pharmaceuticals (NASDAQ: BPAX...
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Pritchard Capital Provides Color on Baker Hughes
Monday, July 11, 2011 - 6:56am | 127Pritchard Capital provided color on Baker Hughes (NYSE: BHI). In a research report published today, Pritchard states, “The U.S. rig count ticked up by one to 1,887 last week according to the Baker Hughes, Inc. (BHI-$75.07) data while the Smith Bits data indicated the count retreated by 13 to 1,742...
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Basic Energy Services Completes Acquisition of Maverick Companies; Anticipates Immediate Boost to Earnings
Monday, July 11, 2011 - 6:06am | 45Basic Energy Services, Inc. (NYSE: BAS) announced today that it has completed the acquisition of the outstanding equity interests of the Maverick group of companies for a total cash consideration of $180.0 million, net of working capital acquired.
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Exterran Holdings Announces New $1.1 Billion Credit Facility
Monday, July 11, 2011 - 6:02am | 132Exterran Holdings, Inc. (NYSE: EXH) today announced the execution of a new, five-year, $1.1 billion senior secured revolving credit facility with a syndicate of banks arranged by Wells Fargo Securities, LLC, BNP Paribas Securities Corp., Credit Agricole Corporate and Investment Bank, RBC Capital...
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Stocks to Watch for Monday 07/11/11: Fresh 52 Week Highs and Lows
Sunday, July 10, 2011 - 5:15pm | 2231Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Friday's trading session (listed from highest total volume to lowest): 1) Melco Crown Entertainment (NASDAQ:...
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Stocks to Watch for 07/8/11: Fresh 52 Week Highs and Lows
Thursday, July 7, 2011 - 11:59pm | 2553Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Thursday's trading session (listed from highest total volume to lowest): 1) Shares of Level 3 Communications hit...
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Hottest and Coldest Sectors for Thursday 7/7/2011
Thursday, July 7, 2011 - 6:35pm | 1705The S&P 500 (SPX) gained 14 points, or 1%, in today's session to close at 1353.22. The index is nearing its 52-week high of 1370.58, which was set on May 2nd. The Sector breakdown for Thursday's session is as follows: The S&P 500 was led by the Basic Materials Sector in Thursday's session...
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Basic Energy Services Reports Selected Operating Data for June 2011
Thursday, July 7, 2011 - 3:18pm | 111Basic Energy Services, Inc. (NYSE: BAS) today reported selected operating data for the month of June 2011. Basic's well servicing rig count remained unchanged at 412 as of June 30, 2011. Well servicing rig hours for the month of June were 73,600 producing a rig utilization rate of 74%, an...