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Schlumberger Technology Corporation Announces Results of Tender Offer
Wednesday, September 29, 2010 - 8:32am | 112Schlumberger Technology Corporation, a wholly owned subsidiary of Schlumberger Limited (NYSE: SLB), announced today that it has purchased approximately 35.63% of the outstanding aggregate principal amount of its 6.50% Notes due 2012, which are all of the Notes that were tendered prior to 5:00 p.m...
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Mad Money Lightning Round: Cramer Likes Xerox, Advises Investors To Hold McMoRan Exploration (XRX, CLNE, MMR, UNP, RIG, BP, SLB)
Wednesday, September 29, 2010 - 6:02am | 230On CNBC's Mad Money, Jim Cramer said during the Lightning Round that he considers Xerox (NYSE: XRX) as a buy. He added that, “They have real earnings power and could move up 30% to 40%." For Clean Energy Fuels (NASDAQ: CLNE), he said that, "I have become jaded. I no longer believe this Congress is...
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Matrix Service to Discuss Today Results for the Fourth Quarter and Full Year
Tuesday, September 28, 2010 - 3:49pm | 81Matrix Service Company (Nasdaq: MTRX) will announce results for the Fourth Quarter and Full Year ended June 30, 2010, today, September 28, 2010 after the close of the market. In conjunction with the earnings release, Matrix Service will host a conference call with Michael J. Bradley, president and...
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Earnings Outlook Promising For Haliburton
Monday, September 27, 2010 - 12:07pm | 117Oppenheimer recently spoke with Haliburton (NYSE: HAL) management and came away convinced that the company will "handily" beat the prior $0.45 forecast for 3Q, driven by continued strength in the North American pressure pumping market. Concerns are centered on continued low gas prices, new...
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IHS Posts Another Solid Quarter
Monday, September 27, 2010 - 11:42am | 66IHS (NYSE: IHS) announced Q3 results on Wednesday, showing continued improvement in organic growth. Margins were sequentially down, but explained by the lower-margin boiler code business. The company announced two acquisitions in the environmental domain (Atrion and Syntex) for $80M combined,...
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Pritchard Capital's Morning Intelligence (RES, ATPG, BPZ)
Monday, September 27, 2010 - 11:11am | 137Pritchard Capital is out with its morning intelligence report this morning. In the report, Pritchard covers RPC, Inc. (NYSE: RES), ATP Oil & Gas Corporation (NASDAQ: ATPG), and BPZ Resources (NYSE: BPZ). Pritchard raised its estimates and price target on RES, saying a higher rig count should...
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NOV & RIG, Pritchard Capital's Top Picks
Monday, September 27, 2010 - 10:52am | 196Pritchard Capital Partners recently added National Oilwell Varco (NYSE: NOV) and Transocean Ltd. (NYSE: RIG) to its top picks for the sector. Pritchard is expecting another solid quarter from the company in terms of EPS and orders. While Petrobras' (NYSE: PBR) share issuance and upcoming...
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Syntex Management Systems Acquired by IHS
Monday, September 27, 2010 - 9:34am | 92SMH Private Equity Group today announced that IHS (NYSE: IHS) has acquired Syntex Management Systems, Inc., an SMH Private Equity Group portfolio company, based in Houston, Texas. SMH Private Equity Group is a division of Sanders Morris Harris Group. Syntex, a leading global provider of enterprise...
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Pritchard Capital Adding Transocean And National-Oilwell Varco As Top Picks (RIG, NOV)
Monday, September 27, 2010 - 8:11am | 177Pritchard Capital is adding National-Oilwell Varco, Inc. (NYSE: NOV) and Transocean LTD (NYSE: RIG) to its top picks in the oil service sector. In the research report, Pritchard writes, "We are expecting another solid quarter from the company in terms of EPS and orders. ...we continue to believe...
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Tortoise MLP Fund, Inc. Announces Expected Increase in Initial Distribution
Monday, September 27, 2010 - 7:06am | 154Tortoise MLP Fund, Inc. (NYSE: NTG) today announced that it has fully invested its initial public offering proceeds ahead of schedule and expects to increase its initial distribution payable on Nov. 30, 2010 from the prior declaration of $0.21 per share to a distribution of not less than $0.36 per...
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Merger Arbitrage Mondays – September 27, 2010
Monday, September 27, 2010 - 3:58am | 4842Merger activity continued to increase last week with eight new deals announced and one deal closing. Deal Statistics: Total Number of Deals Closed in 2010 70 Total Number of Deals That Did Not Complete in 2010 5 Total Number of Pending Deals Cash Deals 53 Stock Deals 12 Stock & Cash...
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Data Good -- SPY Near Resistance 09-24-2010
Friday, September 24, 2010 - 3:15pm | 809Cusick's Corner Today's data was good; buyers have stepped and the bulls are in control. SPY's trading range today has been 113.65-114.89, once again trading near resistance of SPY 114. Monitor if the shorts garner any push this afternoon and start to challenge longs that went into the market for...
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Commodities Flying Higher Today (BHP, SLB, AA, FCX)
Friday, September 24, 2010 - 3:13pm | 177Commodity stocks are higher today, led by a rebound in August durable goods and surging commodity prices. Shares of BHP Billiton (NYSE: BHP) are up over 2% today to trade at $75.71, a gain of $1.65. BHP Billiton is a diversified natural resources company in Australia, the Americas, and southern...
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The Two Types of Gold Stocks
Friday, September 24, 2010 - 10:16am | 1312This simple distinction will help you win A stock barely keeping pace with gold One stock to buy today Most investors can't be bothered to buy physical gold. And I can't blame them. It can be expensive and confusing to find the right vendor - and then...
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Benzinga's Top Downgrades (NOA, SHAW, NSC, BMY)
Friday, September 24, 2010 - 8:48am | 158North American Energy Partners Inc (NYSE: NOA) was downgraded by Raymond James from “outperform” to "market perform." NOA's shares closed at $8.55 yesterday. NOA's quarterly earnings plunged 205.40% y/y. JP Morgan downgraded The Shaw Group Inc (NYSE: SHAW) from "neutral" to "underweight." SHAW's...