Basic Materials
(BJS) BJ Services Company Reports Loss Against Expected Profit
BJ Services Company (BJS) reported its fiscal first quarter (ended December 31, 2009) loss of 3 cents per share, compared to the Zacks Consensus Estimate of a profit of 5 cents and year-earlier quarter earnings of 56 cents. Revenue for the quarter decreased 34% year-over-year...
9Feb2010 | vitalstocks | 0 comments | Continued(MMP) Magellan Midstream Partners L.P.’s Net Income Rises
Magellan Midstream Partners L.P. (MMP), a master limited partnership (MLP), announced robust fourth quarter results, buoyed by higher transportation tariffs and product gains in the pipeline system. The partnership reported earnings per unit (EPU) of 77 cents, surpassing the...
8Feb2010 | vitalstocks | 0 comments | Continued(SII) Smith International Plans Acquisitions
Smith International Inc. (SII), a major oilfield services company, expects to spend approximately $350 million on acquisitions in this quarter, following the company’s last year’s $700 million-plus stock issue. In addition to acquisition initiatives, the company also intends...
8Feb2010 | vitalstocks | 0 comments | Continued(BPL) Buckeye Partners L.P. Rises on Cost Initiatives
Buckeye Partners L.P. (BPL) earnings in the fourth quarter of 2009 were above Zacks Consensus Estimate of 92 cents per limited partner unit and earnings reported a year ago of 89 cents. Buckeye reported earnings of $1.03 per unit in the quarter. For the full-year 2009, the partnership...
8Feb2010 | vitalstocks | 0 comments | Continued(SUN) Sunoco Posts Wider Loss
Oil refiner and marketer Sunoco Inc. (SUN) reported marginally weaker-than-expected fourth quarter results, as the challenging market environment continued to adversely impact the company’s volumes and margins in its petroleum and the chemical businesses. Loss per share, excluding...
5Feb2010 | vitalstocks | 0 comments | Continued(FMC) FMC Corporation Beats Consensus Estimates
FMC Corp. (FMC) reported results for the fourth quarter and full fiscal 2009. FMC’s quarterly income stood at $68.9 million or 94 cents per share, from $75.4 million or $1.02 in the prior-year quarter. However, this was above the Zacks Consensus Estimate of 90 cents per share....
5Feb2010 | vitalstocks | 0 comments | Continued(CBEH) China Integrated Energy Incorporated Reports a Record Third Quarter
China Integrated Energy, Inc. (CBEH) recently added 5 gas stations to its arsenal following its strategy to expand retail and distribution operations in 2010. CBEH is cheap, trading at just 8.06x forward earnings. Company Description China Integrated Energy distributes gasoline,...
5Feb2010 | vitalstocks | 0 comments | Continued(SU) Suncor Energy Posts Weak Earnings Results
Canada-based Suncor Energy Inc. (SU) reported weak fourth quarter results, adversely affected by higher expenses and royalty payments as well as less-than-expected production. Earnings per share, excluding certain items, came in at 9 Canadian cents (8 cents), well below the Zacks...
5Feb2010 | vitalstocks | 0 comments | Continued(SE) Spectra Energy’s Earnings Report Meets Expectations
Spectra Energy Corporation (SE) reported fourth quarter results of 33 cents per share, in line with the Zacks Consensus Estimate and the year-earlier earnings of 32 cents. The quarterly results showed a sound contribution from the company’s fee-based businesses in an improving...
5Feb2010 | vitalstocks | 0 comments | Continued(NE) Noble Corporation Analyst Coverage Initiated at Neutral
We recently initiated coverage on Noble Corporation (NE) with a Neutral recommendation and a $43 target price. Switzerland-based Noble Corporation is a provider of diversified services for the oil and gas industry. The company performs contract drilling services with a fleet...
5Feb2010 | vitalstocks | 0 comments | Continued(CAM) Cameron International Shows Near-term Outlook Positive
Oil drilling equipment maker Cameron International Corp. (CAM) is scheduled to report its fourth-quarter results on Tuesday, Feb 9, 2010, before the start of trading. The Zacks Consensus Estimate for Cameron’s fourth quarter is 53 cents per share, compared to the 75 cents...
5Feb2010 | vitalstocks | 0 comments | Continued(TSO) Tesoro Posts Steep Loss on Declining Refining Margins
Tesoro Corporation’s (TSO) fourth-quarter 2009 results came in weaker than expected, pulled down by depressed refining margins and lower throughput on the back of weak fuel demand and high inventories. The situation was further aggravated by higher costs and expenses. Loss...
4Feb2010 | vitalstocks | 0 comments | Continued(MEE) Massey Energy Reports Results Meeting Estimates
Massey Energy Co. (MEE) ? the largest coal company in Central Appalachia, Virginia – announced fourth-quarter earnings of 28 cents per share, in line with the Zacks Consensus Estimate. In fiscal 2009, the company felt the impact of falling energy demand precipitated by a weak...
4Feb2010 | vitalstocks | 0 comments | Continued(PXD) Pioneer Natural Resources Company Easily Beats Expectations
Pioneer Natural Resources Company (PXD) reported its fourth quarter results of 18 cents per share, easily beating the Zacks Consensus Estimate of 5 cents and the year-earlier quarter loss of 15 cents. Including one-time items, earnings were 48 cents per share. Pioneer’s quarterly...
4Feb2010 | vitalstocks | 0 comments | Continued(NOV) National-Oilwell Varco’s Profit Slips – Still Beats View
Oilfield service company National-Oilwell Varco (NOV) reported better-than-expected fourth quarter results, helped by robust performance from its Rig Technology segment. Earnings per share, excluding transaction and restructuring charges, came in at 96 cents, well above the Zacks...
4Feb2010 | vitalstocks | 0 comments | Continued(PX) Praxair Builds into China
Praxair China, Chinese arm of Praxair, Inc. (PX) signed a contract with Tangshan Railway Vehicle Co., Ltd., a subsidiary of China Northern Locomotive & Rolling Stock Industry Group (CNR), to supply welding gases used in the production of its newest high-speed train, with...
4Feb2010 | vitalstocks | 0 comments | Continued(RDSA) Royal Dutch Shell PLC Disappoints The Street – Freezes Dividend
Energy major Royal Dutch Shell PLC’s (RDSA) fourth-quarter earnings per ADR (on a current cost of supplies basis), excluding one-time items and gains or losses from inventories, came in at 91 cents, which fell quite some distance short of the year-ago result at $1.27 and also...
4Feb2010 | vitalstocks | 0 comments | Continued(WLT) Walter Energy Lags Estimates – Sales Down
Walter Energy Inc.’s (WLT) fourth-quarter earnings of 54 cents per share was below the Zacks Consensus Estimate of 59 cents and the year-ago profit of $4.37 due to lower revenues and operating income. For the full year 2009, the company reported earnings of $2.55 per share,...
4Feb2010 | vitalstocks | 0 comments | Continued(DO) Diamond Offshore Drilling Misses Earnings Consensus Badly
Diamond Offshore Drilling Inc. (DO) reported significantly weaker-than-expected fourth quarter 2009 results due to a severe contraction in utilization rate for jackups and high specification floaters. This was further aggravated by an increased income tax expense. Quarterly earnings...
4Feb2010 | vitalstocks | 0 comments | Continued(STO) Statoil ASA to Spin off Retail Arm
The Board of Directors of Norwegian oil major Statoil ASA (STO) has decided to spin off the group’s energy and retail (E&R) business for creating a new ownership structure. The company said that the step will strengthen this business with the new company’s direct access...
4Feb2010 | vitalstocks | 0 comments | Continued(CEO) CNOOC Limited Releases 2010 Outlook
China’s largest offshore oil explorer CNOOC Ltd. (CEO) has released its 2010 business strategy and development plan. The company is highly optimistic about its production growth this year. Based on new projects that will come online, CNOOC expects its net production will increase...
3Feb2010 | vitalstocks | 0 comments | Continued(GG) The Options Market: How Trading Options Just Got Easier
by Karim Rahemtulla, Options Expert Tuesday, February 2, 2010: Issue #1188 It took a while, but an increasing number of investors are starting to realize the powerful benefits behind the options market. Namely, to make money and hedge against risk. In fact, the rising popularity...
2Feb2010 | InvestmentU | 0 comments | Continued(DOW) Dow Chemical Company Posts Encouraging Results
The Dow Chemical Company (DOW) reported encouraging results for the fourth quarter and full year 2009. During the fourth quarter EPS was 18 cents, compared to a loss of 63 cents in the same quarter in the previous year. It was above the Zacks Consensus Estimate of 10 cents. Full-year...
2Feb2010 | vitalstocks | 0 comments | Continued(BP) BP Earnings Miss Consensus on Refining Weakness
BP plc (BP) reported its fourth quarter 2009 results of $1.37 per ADS (American Depositary Share), below the Zacks Consensus Estimate of $1.49, but significantly above the year-earlier loss of $1.06. Weak downstream results, partly offset by upstream strength, accounted for the...
2Feb2010 | vitalstocks | 0 comments | Continued(MRO) Marathon Oil Corporation Posts Depressing Refining Margins
Marathon Oil Corporation’s (MRO) fourth-quarter 2009 results came in weaker-than-expected, hampered by sharply lower downstream results on the back of depressed refining margins. Earnings per share, excluding special items, came in at 32 cents, 19 cents below the Zacks Consensus...
2Feb2010 | vitalstocks | 0 comments | Continued(APC) Anadarko Petroleum Corporation Profits Dip – Sales Rise
Anadarko Petroleum Corporation (APC) posted robust numbers for the fourth quarter of 2009, driven by higher sales volumes and lower capital spending on near term projects. Net income from continuing operations was 4 cents per share, in line with the Zacks Consensus Estimate of...
2Feb2010 | vitalstocks | 0 comments | Continued(NS) NuStar Energy L.P. Reports Profit Growth
NuStar Energy L.P. (NS), a master limited partnership (MLP), announced better-than-expected fourth quarter results on the strength of higher margins in its asphalt business. The partnership reported earnings per unit (EPU) of 50 cents, topping both the Zacks Consensus Estimate...
1Feb2010 | vitalstocks | 0 comments | Continued(ACI) Arch Coal Misses Expectations – Profits Fall
Arch Coal Inc. (ACI) posted a net income of 11 cents per share for the fourth quarter of 2009, below the Zacks Consensus Estimate of 16 cents and the reported net income of 44 cents per share during the same period last year. For the full year 2009, the company reported earnings...
1Feb2010 | vitalstocks | 0 comments | Continued(EEP) Enbridge Energy Partners L.P. Reports In Line
Enbridge Energy Partners L.P. (EEP) reported its fourth quarter 2009 earnings of 64 cents per unit, in line with the Zacks Consensus Estimate and the year-earlier earnings of 67 cents. Total revenues for the quarter decreased more than 12% year over year to $1.63 billion. Enbridge...
1Feb2010 | vitalstocks | 0 comments | Continued(BHP) Thermal Coal Investments: China Fires Up a New Age for This Commodity
by Tony Daltorio, Investment U Research Monday, February 1, 2010 The price of thermal coal recently broke through the psychological $100 barrier for the first time in more than a year, just as a wave of brutally cold weather and heavy snow hit China. That storm disrupted mining...
1Feb2010 | InvestmentU | 0 comments | Continued