Oil & Gas Drilling & Exploration
(NE) Noble Beats First Quarter Earnings – Misses Revenues
Leading contract drilling company, Noble Corporation (NE) reported first quarter 2013 earnings of 59 cents per share. With a boost from multi-regional operational improvements, the results surpassed both the Zacks Consensus Estimate...3May2013 | vitalstocks | Comments Off | Continued
(NBR) Value Alert – Nabors Industries Limited
Texas (Apr. 16, 2013) Wax Ink has issued a Preliminary Investment Interest rating for Nabors Industries, Inc. (NYSE: NBR) based...27Apr2013 | Wax | Comments Off | Continued
(RIG) Transocean Updates Fleet Summary
Offshore drilling giant, Transocean Ltd. (RIG) recently issued a Fleet Update Summary for the period commencing Mar 14, 2013 to date. The value of all the new deals and extensions in the same time frame is estimated to be roughly $1.2...22Apr2013 | vitalstocks | Comments Off | Continued
(STO) Statoil ASA and SOCAR to Explore Caspian
Norwegian giant Statoil ASA (STO) has inked a memorandum of understanding (MoU) with the State Oil Company of the Republic of Azerbaijan – SOCAR. Per the agreement – signed by the company’s chief executives in Baku –...18Apr2013 | vitalstocks | Comments Off | Continued
(HP) Helmerich & Payne Upgraded to Buy
On Apr 9, Zacks Investment Research upgraded contract drilling services provider Helmerich & Payne Inc. (HP) to a Zacks Rank #2 (Buy). Why the Upgrade? Helmerich & Payne has been witnessing rising...12Apr2013 | vitalstocks | Comments Off | Continued
(RIG) Transocean Updates Fleet Summary
Offshore drilling giant Transocean Ltd. (RIG) recently issued a Fleet Update Summary for the period commencing Feb 14, 2013 to date. The update covers the company’s drilling rig status and contract information. Per the...4Apr2013 | vitalstocks | Comments Off | Continued
(STO) Statoil ASA Awards $380M Contract
Norwegian energy giant Statoil ASA (STO) awarded a contract to an oilfield services firm Subsea 7 for the development of the Aasta Hansteen gas field in the northern part of Norwegian Sea. The contract is valued at US$380 million...6Mar2013 | vitalstocks | Comments Off | Continued
(PTEN) Opportunity at Patterson-UTI
Shares of Patterson-UTI Energy Inc. (PTEN) hit a 52-week high of $24.64 on Feb 19. In fact, the Houston-based onshore contract dealer has seen its stock price climb more than 20% since the beginning of the year. Despite this...27Feb2013 | Shawn | Comments Off | Continued
(RIG) Value Alert – Transocean Ltd.
Texas ( Feb. 17, 2013) Wax Ink has issued a Loss of Investment Interest rating for Transocean Ltd. (NYSE: ...18Feb2013 | Wax | 0 comments | Continued
(STO) Statoil ASA Starts Exploration Drilling in Nanna Prospect
Norwegian major Statoil ASA (STO) has commenced the drilling of an exploration well at the Nanna prospect in the North Sea off Norway. The exploration well – 25/11-26 – is being spud by Diamond Offshore Drilling,...28Jan2013 | Shawn | Comments Off | Continued
(STO) Statoil ASA – ADR – Bear of the Day
We are downgrading our recommendation on Statoil ASA (STO) ADRs to Underperform from Neutral. The company reported lower-than-expected earnings in the third quarter, mainly due to high exploration costs and low liquids production with steep...9Jan2013 | Shawn | Comments Off | Continued
(NE) Update on Noble Discoverer
Rig contractor Noble Corporation (NE) announced that it is working on fixing problems with the drillship Noble Discoverer, identified by the US Coast Guard in an inspection, as well as other potential issues the company found in an...2Jan2013 | Shawn | Comments Off | Continued
(DEJ) Dejour farms out development of West Grand Valley
Dejour farms out development of West Grand Valley By Steven Ralston, CFA Dejour Energy (DEJ) announced the execution of an agreement to sell and farm-out approximately...10Dec2012 | Shawn | Comments Off | Continued
(NBR) Nabors Industries Ltd.- Bear of the Day
Based upon the number of near-term challenges, we are maintaining our Underperform recommendation on Nabors Industries Ltd. (NBR) shares. The land-drilling contractor is facing headwinds in the pressure pumping market on the back of...3Nov2012 | vitalstocks | Comments Off | Continued
(PBR) Petrobras S.A. – ADR – Bear of the Day
Following the dismal second quarter showing from Petrobras S.A. – ADR (PBR), we are downgrading the Brazilian state-run energy giant to Underperform from Neutral. The Rio de Janeiro-headquartered company recently posted its first...30Aug2012 | vitalstocks | Comments Off | Continued
(PBR) Petroleo Brasileiro S.A. Digs Up a New Oil Well
Drilling success continued for state-controlled energy firm Petroleo Brasileiro S.A. or Petrobras (PBR), as the company came across high quality oil in the pre-salt deposit of Santos Basin, offshore Brazil. The...27Aug2012 | vitalstocks | Comments Off | Continued
(MWE) MarkWest Energy Partners L.P. Closes Unit Offering
Pipeline operator MarkWest Energy Partners L.P. (MWE) announced the closure of its previously announced public offering. MarkWest priced the public offering of 6,900,000 common units at $50.72 a piece, including an over-allotment option...27Aug2012 | vitalstocks | Comments Off | Continued
(RIG) Transocean Gets Contract Extensions
Recently, offshore drilling giant – Transocean Ltd. (RIG) issued a monthly ‘Fleet Update Summary’ covering the company’s drilling rig status and contract information. Per the report, the company’s midwater floater...27Aug2012 | vitalstocks | Comments Off | Continued
(PBR) Petroleo Brasileiro S.A. in Rig Deal With Three Firms
State-controlled energy company Petroleo Brasileiro S.A. or Petrobras (PBR) inked a vessel chartering and operating deal with the trio Sete Brasil, Odebrecht S.A. and Etesco. Per the deal, nine drilling vessels...14Aug2012 | vitalstocks | Comments Off | Continued
(PKD) Parker Drilling Company – Value – Cheaper Than Ever!
The energy stocks just keep getting cheaper. Parker Drilling Company (PKD) has seen its shares plunge in 2012 on fears about falling natural gas prices. But that means this Zacks #1 Rank (Strong Buy) is cheaper than ever, with a forward...9Jul2012 | vitalstocks | Comments Off | Continued
(LNG) How to Profit from LNG No Matter What the U.S. Does
Invest in the shortage that currently exists – LNG tankers – which will only be exasperated if the United States starts exporting. There’s a great, strange story by F. Scott Fitzgerald called, The Diamond as Big as the Ritz. In it, the Washington family has discovered a mountain...19Apr2012 | InvestmentU | 0 comments | Continued
(RIG) Transocean Earnings Miss Bottom Line
Offshore drilling giant Transocean Ltd. (RIG) reported weak fourth quarter and full-year 2011 results, hurt by the lingering effects of Gulf of Mexico tragedy, steeper operating costs and high interest expense. Earnings per...27Feb2012 | vitalstocks | 0 comments | Continued
(STO) Statoil ASA Finds Gas Offshore Tanzania
Statoil ASA (STO) along with its partner ExxonMobil Corporation (XOM) has found indications of natural gas in the Zafarani-1 well in Block 2 offshore Tanzania. The...23Feb2012 | vitalstocks | 0 comments | Continued
(NBR) Nabors Industries Outperforms in Fourth Quarter
Global land drilling contractor Nabors Industries Ltd. (NBR) reported impressive fourth quarter 2011 results, backed by strong performances by the U.S. Offshore and Pressure Pumping units and lower interest expense. Earnings...22Feb2012 | vitalstocks | 0 comments | Continued
(WTI) Energy and Commodities For 2012
by David Fessler, Investment U Senior Analyst Wednesday, December 21, 2011: Issue #1669 As my colleagues have done earlier this week, I’m now putting...15Jan2012 | InvestmentU | 0 comments | Continued
(MWE) MarkWest Energy Partners – Bull of the Day
We are upgrading MarkWest Energy Partners (MWE) to Outperform from Neutral, reflecting its promising future prospects. The master limited partnership’s (MLP) targeted growth capital investments since 2006 have been driving its...13Jan2012 | vitalstocks | 0 comments | Continued
(LNG) Will Natural Gas Rebound This Year?
Among the most commonly asked questions by energy investors this new year is: will low natural gas prices continue in 2012 or will we see a durable rebound in prices from their multi-year plight? From a peak of about $13.60 per million British thermal units (MMBtu) in 2008 (referring to spot...8Jan2012 | vitalstocks | 0 comments | Continued
(PBR) Petroleo Brasileiro S.A. Strikes Oil in Santos Basin
Brazilian state-run energy giant Petroleo Brasileiro S.A. (PBR), or Petrobras S.A., announced the discovery of oil in the pre-salt reservoirs of the country’s Santos Basin. The new well reinforces the region’s...7Dec2011 | vitalstocks | 0 comments | Continued
(LNG) An Alternative Way to Capture Emerging Market Growth
by David Fessler, Investment U Senior Analyst Tuesday, December 6, 2011: Issue #1658 Many countries outside the United States operate state-controlled...6Dec2011 | InvestmentU | 0 comments | Continued
(RIG) Transocean Tanks on Offering Notice
Offshore drilling giant Transocean Ltd. (RIG) priced a public offering of 26 million shares at $40.50 a piece, with a 30-day over-allotment option for an additional 3.9 million shares. The Zug, Switzerland-based...30Nov2011 | vitalstocks | 0 comments | Continued