Oil & Gas Equipment & Services

Dresser-Rand Group Inc. (NYSE: DRC) announced today that it intends to offer approximately $375 million in aggregate principal amount of senior subordinated notes due 2021. The net proceeds from the offering of the Notes are expected to be used to fund the previously announced cash tender offer by...

On CNBC's Options Action, Scott Nations talked about an options strategy in Halliburton Company (NYSE: HAL). He said that crude oil had a big rally since middle February, and Halliburton Company (HAL) traded lower in the same period. Scott Nations believes that it would be a good idea to sell a...

Global Hunter Securities, which raised its PT on shares of Dresser-Rand Group Inc. (NYSE: DRC), is providing some color on the stock.“Dresser-Rand announced its acquisition of Grupo Guascor for $690MM (inclusive of $172MM in assumed debt) in stock and cash. The deal will consist of $283MM in cash...

Dresser-Rand Group Inc. (NYSE: DRC) announced today that in light of favorable credit market conditions it has commenced a cash tender offer for any and all of its $370 million outstanding aggregate principal amount of 7-3/8% Senior Subordinated Notes due 2014. In connection with the Tender Offer...

Dresser-Rand Group (NYSE: DRC) has agreed to acquire Grupo Guascor for $690MM in a cash and stock transaction likely to close in 2Q. The deal should provide immediate accretion while integrated compressor and power generation systems can be offered through additional channels GG also now gives DRC...

NVIDIA Corporation (NASDAQ: NVDA) was upgraded by JP Morgan from "underweight" to "neutral." NVDA's shares closed at $20.47 yesterday. NVIDIA's PEG ratio is 1.08. BofA/Merrill upgraded Abercrombie & Fitch Company (NYSE: ANF) from “neutral” to “buy.” ANF's shares closed at $57.03 yesterday....

Oceaneering International, Inc. (NYSE: OII) announced it has entered into a definitive purchase agreement to acquire Norse Cutting & Abandonment AS, for approximately $60 million. The purchase is expected to close by March 31, 2011. NCA is an oilfield technology company that specializes in...

Global Industries, Ltd. (Nasdaq: GLBL) announced today that it has been awarded multiple projects by McMoRan Oil & Gas for the decommissioning and abandonment of seven production platforms located in the central Gulf of Mexico in water depths ranging from 100 to 400 FSW. The decommissioning...

On CNBC's Mad Money, Jim Cramer said during the Lightning Round that “This tanker contract is the single most important thing that could happen to Boeing (NYSE: BA).” He advised investors to buy the stock. For Weatherford International (NYSE: WFT), he said, "I listened to the conference call and I...

When President Obama announced earlier this week that his administration would be pursuing harsh sanctions against Muammar Qaddafi's Libyan government in response to its brutal backlash against Libyan protesters, most had to agree that it was the correct course of action. Most, that is, except for...

Shares of Tenaris SA (NYSE: TS) are lower on the session by 1.93%, currently trading at $46.20. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while...

Rheochem (LON:RHEP) , the AIM listed oil and gas company, has agreed a deal to sell its drilling fluids business for up to £28m to Newpark Resources Inc (NYSE: NR). The deal clears the way for Rheochem's chief executive Haydn Gardner to refocus the company as a pure play exploration and production...

Unconfirmed Rumors That ION Geophysical Corporation (IO) Will be taken over at $19.00 by Compagnie G (CGV)..

Shares of Lufkin Industries (NASDAQ: LUFK) are higher on the session by 1.23%, currently trading at $80.85. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A...

Sterne Agee has downgraded Weatherford International (NYSE: WFT) from Buy to Neutral and has removed its latest price target.