Stock Blog Hub » Oil & Gas Drilling & Exploration

(WTI) Energy and Commodities For 2012

InvestmentU — Sun, 15 Jan 2012 19:13:53 +0000

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 myself in the hot seat with regards to my prognostications from a year ago. Around this time last year, I opined that commodities like gold, silver, fertilizers, coal and oil were [...]

(WTI) Energy and Commodities For 2012

(MWE) MarkWest Energy Partners – Bull of the Day

vitalstocks — Fri, 13 Jan 2012 21:11:22 +0000

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 strong, long-term volume growth. We continue to like MarkWest for its high-quality and diverse portfolio of midstream assets, as well as its proven track [...]

(MWE) MarkWest Energy Partners – Bull of the Day

(LNG) Will Natural Gas Rebound This Year?

vitalstocks — Mon, 09 Jan 2012 04:45:53 +0000

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 prices at the Henry [...]

(LNG) Will Natural Gas Rebound This Year?

(PBR) Petroleo Brasileiro S.A. Strikes Oil in Santos Basin

vitalstocks — Wed, 07 Dec 2011 17:41:00 +0000

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 potential of 5-8 billion barrels of recoverable reserves. Drilled to a total depth of 2,180 meters, the 4-BRSA-946C-SPS well, informally known as Biguá, is [...]

(PBR) Petroleo Brasileiro S.A. Strikes Oil in Santos Basin

(LNG) An Alternative Way to Capture Emerging Market Growth

InvestmentU — Tue, 06 Dec 2011 19:35:29 +0000

by David Fessler, Investment U Senior Analyst Tuesday, December 6, 2011: Issue #1658 Many countries outside the United States operate state-controlled companies. Most are giant behemoths, employing millions of people between them. These companies – among the world’s largest corporations – are primarily in the banking and energy sectors. Some, like the giant oil and [...]

(LNG) An Alternative Way to Capture Emerging Market Growth

(RIG) Transocean Tanks on Offering Notice

vitalstocks — Wed, 30 Nov 2011 20:10:37 +0000

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 owner of the world’s largest offshore rig fleet plans to use the net proceeds from this offering – expected to be approximately $1.0 [...]

(RIG) Transocean Tanks on Offering Notice

(PBR) Petroleo Brasileiro S.A. Hits Oil in Campos Basin

vitalstocks — Wed, 30 Nov 2011 19:25:38 +0000

Petroleo Brasileiro S.A. or Petrobras (PBR) announced the discovery of an accumulation of crude oil in Marlin Complex, offshore Campos basin. However, Petrobras did not disclose the amount of oil discovered. The presence of oil was traced in post-salt rocks through the well 4-VD-18-RJS (4-BRSA-994-RJS) – also known as Tucura – that is located 60.9 [...]

(PBR) Petroleo Brasileiro S.A. Hits Oil in Campos Basin

(STO) Statoil Cuts Yield on Storm Alert

vitalstocks — Mon, 28 Nov 2011 20:37:46 +0000

Statoil ASA (STO) has reduced its output at three platforms off central Norway as a precautionary measure against a severe winter storm forecast for the weekend. The non-critical personnel have been removed from three of its platforms namely ––Njord, Heidrun and Aasgard, at the same time stressing there has been no evacuation. Apart from these, [...]

(STO) Statoil Cuts Yield on Storm Alert

(PBR) Petroleo Brasileiro S.A. Finds Oil in Santos Basin

vitalstocks — Mon, 28 Nov 2011 16:14:53 +0000

Petroleo Brasileiro S.A. or Petrobras (PBR) confirmed the discovery of superior quality oil in the south Santos Basin well 4-SPS-91 (4-BRSA-1002-SPS). As per the oil sampling tests, the find was in an approximately 2,160 meters deep sandstone reservoir in the post-salt area known as Tiro and Sidon. Located about 200 km from the coast of [...]

(PBR) Petroleo Brasileiro S.A. Finds Oil in Santos Basin

(RIG) Transocean Misses Earnings Targets – Profit Tumbles

vitalstocks — Mon, 07 Nov 2011 15:17:19 +0000

Offshore drilling giant Transocean Ltd. (RIG) reported weak third quarter 2011 results, hurt by the decline in utilization rates and high operating costs even as rig rates rose. Earnings per share, excluding expenses associated with the Macondo well incident, gains from asset sales, Aker Drilling acquisition costs and other minor items, came in at 5 [...]

(RIG) Transocean Misses Earnings Targets – Profit Tumbles

(RIG) Transocean Update Shows Higher Dayrates

vitalstocks — Fri, 23 Sep 2011 19:04:11 +0000

Offshore drilling giant Transocean Ltd. (RIG) recently issued a monthly ‘Fleet Update Summary’ covering the company’s drilling rig status and contract information. As per the report, Transocean secured additional work for four of its mid-water rigs, with three of them getting higher rates. The company currently has 28 mid-water floaters – capable of drilling in [...]

(RIG) Transocean Update Shows Higher Dayrates

(DO) Diamond Offshore Drilling Analyst Maintains Shares at Neutral

vitalstocks — Wed, 21 Sep 2011 18:12:20 +0000

We have maintained our Neutral recommendation for Diamond Offshore Drilling Inc. (DO) given its solid fundamentals and financial disciplines, partially mitigated by stringent regulations as well as the lingering effects of the Gulf of Mexico (GoM) drill ban and related U.S. policies. Texas-based Diamond Offshore is a major contract driller, providing comprehensive offshore drilling services [...]

(DO) Diamond Offshore Drilling Analyst Maintains Shares at Neutral

(PTEN) Patterson-UTI – Bull of the Day

vitalstocks — Tue, 20 Sep 2011 20:11:27 +0000

We are upgrading Patterson-UTI Energy (PTEN) shares to Outperform from Neutral, reflecting strong demand for its services in North America. The company has been benefiting from increased activity in the unconventional oil and liquids-rich plays in the region, which have more than made up for the soft natural gas fundamentals. We believe Patterson-UTI’s earnings will [...]

(PTEN) Patterson-UTI – Bull of the Day

(STO) Statoil ASA to Upgrade Troll Capacity

vitalstocks — Tue, 20 Sep 2011 19:47:51 +0000

Statoil ASA (STO) has contracted Norway’s engineering group, Aibel, for the upgrade of a gas compression capacity on the Troll A platform in the North Sea. The contract is worth NOK 2.7 billion ($483 million). Per the agreement, Aibel is responsible for engineering, procurement, onshore and integrated offshore construction as well as completion of two [...]

(STO) Statoil ASA to Upgrade Troll Capacity

(PTEN) Patterson-UTI – Bull of the Day

vitalstocks — Thu, 15 Sep 2011 18:09:54 +0000

(PTEN) Patterson-UTI – Bull of the Day

(PBR) Oil Industry Mergers and Acquisitions 2011

InvestmentU — Wed, 14 Sep 2011 16:38:15 +0000

by Justin Dove, Investment U Research Monday, September 12, 2011 Oil Services Industry Set for “Gusher Of Profits” As Ian Cooper’s recent article for Wealth Daily stated, the world isn’t necessarily running out of oil. It’s running out of “easy to get” oil. Oil companies aren’t chasing the vast amounts of fuel trapped in shale [...]

(PBR) Oil Industry Mergers and Acquisitions 2011

(HP) Helmerich & Payne Earnings Scorecard

vitalstocks — Mon, 15 Aug 2011 13:56:24 +0000

Contract drilling services provider Helmerich & Payne Inc. (HP) reported robust third quarter fiscal 2011 results on July 29 with both revenue and earnings per share (EPS) exceeding the Zacks Consensus Estimates. Second Quarter Recap The quarter’s earnings of $1.00 per share beat the Zacks Consensus Estimate of 98 cents, attributable to strong contributions from [...]

(HP) Helmerich & Payne Earnings Scorecard

(RIG) Transocean Misses Earnings Forecast – Backlog Weak

vitalstocks — Fri, 05 Aug 2011 17:55:36 +0000

Offshore drilling giant Transocean Ltd. (RIG) reported bleak second quarter 2011 results, hurt by the decline in utilization rates, lower backlog and higher operating costs. Earnings per share, excluding expenses associated with the Macondo well incident, tax charges and loss related to impairment of three standard jackups, came in at 65 cents. The figure fell [...]

(RIG) Transocean Misses Earnings Forecast – Backlog Weak

(LNG) Important Natural Gas Investment You’re Ignoring

InvestmentU — Fri, 05 Aug 2011 17:49:46 +0000

by Matthew Carr, Investment U Research Analyst Friday, July 15, 2011: Issue #1557 Stand at any metropolitan bus stop. Chances are, a city bus will rumble by advertising, “This Bus Runs on Clean Burning Natural Gas.” Hear that garbage truck squealing and grinding gears through your neighborhood on trash day? Chances are it’s also running [...]

(LNG) Important Natural Gas Investment You’re Ignoring

(PBR) Petroleo Brasileiro S.A. Strikes Oil Yet Again

vitalstocks — Mon, 11 Jul 2011 15:47:24 +0000

Petroleo Brasileiro S.A. or Petrobras (PBR) announced the discovery of two new oil and gas fields in the Espirito Santo basin, netting three finds in the arena. Although the estimated size of the fields was not disclosed, they definitely strengthen Petrobras’ position in the deepwater region. As per the Brazilian state-run company, the wells 1-BRSA-939-ESS [...]

(PBR) Petroleo Brasileiro S.A. Strikes Oil Yet Again

(STO) Statoil ASA and FMC Technologies in $43M Workover Deal

vitalstocks — Fri, 08 Jul 2011 21:00:57 +0000

Statoil ASA (STO) has awarded a $43 million contract to FMC Technologies Inc. (FTI) in order to support workover operations at four fast-track fields in the North Sea. This goes to show the effort that the company is making to increase productivity in the North Sea region. As per the agreement, FMC will manufacture and [...]

(STO) Statoil ASA and FMC Technologies in $43M Workover Deal

(STO) Statoil ASA to Pay $2.47 Billion for New Rigs

vitalstocks — Thu, 07 Jul 2011 17:10:24 +0000

Oil giant Statoil ASA (STO) has awarded a contract worth $2.47 billion to Norway’s Songa Offshore. Per the deal terms, Songa will build two category D semi-submersible rigs for use on Norwegian Continental Shelf (NCS) with specified terms of 8 years each that could extend to 20 years. With a capability to work in water [...]

(STO) Statoil ASA to Pay $2.47 Billion for New Rigs

(HP) Helmerich & Payne Secures Rig Deal

vitalstocks — Wed, 06 Jul 2011 19:33:17 +0000

Global contract drilling company Helmerich & Payne Inc. (HP) signed a deal to manufacture and operate 12 additional FlexRigs. Eight exploration and production companies, names of which were not disclosed, contracted Helmerich & Payne for the construction job. Although the rigs are slated to be completed and operational in 2012, Helmerich does not expect the [...]

(HP) Helmerich & Payne Secures Rig Deal

(PBR) Petroleo Brasileiro S.A. Expands in Biofuel World

vitalstocks — Wed, 06 Jul 2011 00:27:50 +0000

Brazilian state-run energy firm Petroleo Brasileiro S.A. or Petrobras (PBR) acquired a 50% stake in a local biodiesel company BSBIOS Industria e Comercio de Biodiesel Sul Brasil S.A. for 200 million Brazilian reals or $128.4 million. Petrobras executed the deal through its subsidiary Petrobras Biocombustível S.A. Located at Passo Fundo, the acquired company owns a [...]

(PBR) Petroleo Brasileiro S.A. Expands in Biofuel World

(PBR) Petroleo Brasileiro S.A. Start Extended Well Test at Aruana

vitalstocks — Fri, 01 Jul 2011 16:53:07 +0000

Brazilian state-run Petroleo Brasileiro S.A. or Petrobras (PBR) has commenced production of oil at the Aruana area, following the start-up of extended well test (EWT). The Aruana area is in the post-salt layer of the southern area of the Campos Basin offshore Brazil. Petrobras expects EWT at 1-RJS-661 well — through which the oil flows [...]

(PBR) Petroleo Brasileiro S.A. Start Extended Well Test at Aruana

(STO) Statoil Strikes Oil Near Oseberg

vitalstocks — Thu, 30 Jun 2011 21:18:00 +0000

Norway’s Statoil ASA (STO) has discovered oil and condensate in the North Sea’s Krafla West prospect. Situated around 26 kilometers south-west of the producing Oseberg South find, the discovery well encountered hydrocarbons in two columns with a total thickness of 300 meters. Initial calculations show that Krafla West could be holding recoverable reserves between 12.6–37.7 [...]

(STO) Statoil Strikes Oil Near Oseberg

(EC) Roche Holdings Gets FDA Panel View on Avastin

vitalstocks — Thu, 30 Jun 2011 21:16:10 +0000

Roche Holdings Ltd. (RHHBY) recently announced that the US Food and Drug Administration’s (FDA) Oncologic Drugs Advisory Committee (ODAC) has recommended that the agency should withdraw its approval for the use of Avastin (bevacizumab) in combination with paclitaxel in previously untreated (first-line) HER2-negative metastatic breast cancer. The FDA Commissioner will take a final call on [...]

(EC) Roche Holdings Gets FDA Panel View on Avastin

(PBR) Petrobras and Partners Strike Oil

vitalstocks — Wed, 29 Jun 2011 20:44:06 +0000

Brazilian oil giant Petroleo Brasileiro S.A. or Petrobras (PBR) announced the discovery of two levels of high-quality crude oil at a well in the country’s ultra deepwater pre-salt Campos Basin. Apart from Petrobras, which has a 30% interest in the 1-REPF-11A-RJS well (informally known as Gavea), Norwegian company Statoil ASA (STO) holds a 35% stake. [...]

(PBR) Petrobras and Partners Strike Oil

(STO) Statoil ASA Focuses on Offshore Wind

vitalstocks — Wed, 29 Jun 2011 16:28:57 +0000

Norway-based Statoil ASA (STO), through its subsidiary, has signed two contracts for the sale of a major part of its key onshore wind power assets. This forms a part of Statoil’s endeavors to concentrate on the offshore market. The first contract consists of the sale of 50% holding in five energy projects on the central [...]

(STO) Statoil ASA Focuses on Offshore Wind

(STO) Statoil ASA Awarded Contract for Subsea Compression

vitalstocks — Sun, 26 Jun 2011 17:23:30 +0000

Statoil ASA (STO) has awarded a contract to Aker Solutions for subsea compression topside modifications on the Statoil-operated Asgard A and B platforms in the North Sea. The contract is worth NOK 650 million ($116.7 million). This deal is classified as an engineering, procurement, construction and installation contract. Modification work mainly involves the supply of [...]

(STO) Statoil ASA Awarded Contract for Subsea Compression

(PBR) Petroleo Brasileiro S.A. Evenly Poised

vitalstocks — Fri, 24 Jun 2011 20:38:31 +0000

We have maintained our Neutral recommendation on Brazilian state-run energy giant Petroleo Brasileiro S.A. (PBR), or Petrobras S.A. with a price target of $35. We believe that continued demand growth in Brazil (expected to outperform developed countries in the next few years), together with all the new investments and acquisitions, will fuel Petrobras’ medium-term earnings [...]

(PBR) Petroleo Brasileiro S.A. Evenly Poised

(RDC) Rowan Companies Concludes LeTourneau Sale

vitalstocks — Fri, 24 Jun 2011 16:23:08 +0000

Rowan Companies, Inc. (RDC) wrapped up the asset sale deal with a leading mining equipment maker, Joy Global Inc. (JOYG) for its manufacturing unit, LeTourneau Technologies, Inc. The all-cash transaction worth $1.1 billion is subject to adjustment mentioned in the Stock Purchase Agreement dated May 13, 2011. LeTourneau is a major manufacturer of drilling equipment [...]

(RDC) Rowan Companies Concludes LeTourneau Sale

(RIG) Transocean: Blame it on BP!

vitalstocks — Thu, 23 Jun 2011 20:06:02 +0000

In an internal investigation report, drilling contractor Transocean Ltd (RIG) – the owner and operator of Deepwater Horizon oil rig at the heart of the Gulf of Mexico (GoM) disaster – has accused British energy giant BP plc (BP) of decisions that led to the biggest environmental disaster in U.S. history. As a reminder, on [...]

(RIG) Transocean: Blame it on BP!

(STO) Statoil Sets Long-Term Goals

vitalstocks — Wed, 22 Jun 2011 00:27:57 +0000

Statoil ASA (STO) has set long-term growth goals for itself. The Norwegian company expects production to exceed 2.5 million barrels of oil equivalents per day in 2020 from 1.9 million barrels in 2010. For the past ten years, Statoil’s production grew at a compound annual growth rate (CAGR) of 3% and is likely to remain [...]

(STO) Statoil Sets Long-Term Goals

(STO) Statoil ASA to Use Subsea Compression

vitalstocks — Tue, 21 Jun 2011 18:59:03 +0000

Statoil ASA (STO) is on track to boost its gas recovery rate at subsea wells in various fields. Accordingly, the Norwegian company plans to implement subsea compression — an advanced process for production enhancement — at the Gullfaks field, offshore Norway. Since 2008, Statoil and Framo Engineering have been working on technology upgrade for compressing [...]

(STO) Statoil ASA to Use Subsea Compression

(PBR) Petrobras Acquires Stake in Gabon

vitalstocks — Tue, 21 Jun 2011 04:15:29 +0000

Brazilian oil giant Petróleo Brasileiro S.A. or Petrobras (PBR) has acquired 50% stake in two exploration blocks offshore Gabon. The company did not disclose the financial details of the deal, which was executed through the wholly owned subsidiary Petrobras Participaciones S.L. The blocks, Ntsina Marin and Mbeli Marin, are located in the Costeira Basin covering [...]

(PBR) Petrobras Acquires Stake in Gabon

(STO) Statoil ASA Reaches Leismer Milestone

vitalstocks — Sun, 19 Jun 2011 17:24:25 +0000

Norwegian operator Statoil ASA (STO) has reached a production milestone of 1 million barrels of oil at its Leismer Demonstration Project (LDP) in northern Alberta, Canada. Although oil sands require long-term investments, Statoil has the capability to carry out development in different stages. In 2007, Statoil entered Kai Kos Dehseh (KKD) through the acquisition of [...]

(STO) Statoil ASA Reaches Leismer Milestone

(STO) Statoil ASA to Offload Gassled Stake

vitalstocks — Wed, 15 Jun 2011 17:00:56 +0000

Statoil ASA (STO) announced plans to divest majority of its stake in the Gassled joint venture for 17.35 billion kroner, or about $3.25 billion, in an effort to streamline its portfolio. The deal is subject to approvals from the Norwegian Ministry of Petroleum and Energy as well as the Ministry of Finance. Under the agreement, [...]

(STO) Statoil ASA to Offload Gassled Stake

(PBR) Petrobras: Another Strong Quarter

vitalstocks — Thu, 02 Jun 2011 18:20:02 +0000

Brazilian state-run energy giant Petroleo Brasileiro S.A. (PBR), or Petrobras S.A., announced its first quarter earnings of R$10,985.0 million or R$0.84 per share, compared with R$7,726.0 million or R$0.88 per share in the year-earlier quarter. Per share profitability dropped after the company sold $70 billion of new stock in September last year. Earnings per ADR [...]

(PBR) Petrobras: Another Strong Quarter

(NBR) Nabors Industries Scrapes Through 2011 First Quarter

vitalstocks — Tue, 03 May 2011 19:11:03 +0000

North America’s largest onshore oil and natural gas driller Nabors Industries Ltd (NBR) reported marginally better-than-expected first quarter results on the back of strong North American onshore activity levels. Earnings per share from continuing operations (excluding 6 cents in unusual costs and lost income) came in at 35 cents, a penny above the Zacks Consensus [...]

(NBR) Nabors Industries Scrapes Through 2011 First Quarter

(RDC) Rowan Companies Beat Estimates on Bottom Line

vitalstocks — Tue, 03 May 2011 18:01:12 +0000

Rowan Companies Inc. (RDC) recorded adjusted first-quarter 2011 earnings of 49 cents per share, breezing past the Zacks Consensus Estimate of 30 cents but showing deterioration from the year-earlier profit of 56 cents. Total revenue improved 15.8% year over year to $364.3 million in the reported quarter, but failed to match up to our expectation [...]

(RDC) Rowan Companies Beat Estimates on Bottom Line

(RIG) Transocean Reports Drops in Rigs in Status Update

vitalstocks — Tue, 26 Apr 2011 15:37:15 +0000

In the April fleet update report, Transocean Ltd. (RIG) announced that it has stacked one deepwater rig, Transocean Richardson and two midwater floaters, Sedco 601 and J.W. McLean, due to drop in demand. The company has also put two shallow-water rigs, GSF Britannia and GSF Labrador, up for sale. The deepwater Transocean Richardson operated off [...]

(RIG) Transocean Reports Drops in Rigs in Status Update

(STO) Statoil ASA and BP in Algeria’s In Salah Southern Fields Gas Project

vitalstocks — Thu, 14 Apr 2011 02:30:12 +0000

Norway’s Statoil ASA (STO), along with its partners BP Plc (BP) and Algeria’s state energy company Sonatrach, have entered into a $1.15 billion field development agreement with Petrofac International in Algeria’s In Salah Southern Fields gas project. Per the agreement, Petrofac is entitled to provide engineering, procurement and construction (“EPC”) services for the In Salah [...]

(STO) Statoil ASA and BP in Algeria’s In Salah Southern Fields Gas Project

(RDC) Rowan Companies Analyst Reiterates Shares at Neutral

vitalstocks — Sun, 03 Apr 2011 15:53:01 +0000

We maintain our Neutral recommendation on Rowan Companies Inc. (RDC) given its impressive fourth-quarter 2010 results, which comfortably beat both earnings and revenue estimates. We remain on the sidelines owing to the possible oversupply of global jackups in the next few years, thereby reflecting downside pressure on jackup rates. Rowan’s better-than-expected fourth quarter results mainly [...]

(RDC) Rowan Companies Analyst Reiterates Shares at Neutral

(HP) Helmerich & Payne Incorporated – Bull of the Day

vitalstocks — Thu, 31 Mar 2011 14:33:11 +0000

With the industry requiring increasingly complex well designs, there is high demand for modern, technologically sophisticated rigs. Given its newest and most technologically-advanced land rig fleet, Helmerich & Payne (HP) is well positioned to take advantage of this scenario, while continuing to gain market share and adding value for its shareholders and customers. A relatively [...]

(HP) Helmerich & Payne Incorporated – Bull of the Day

(RIG) Transocean Fourth Quarter 2010 Earnings Scorecard

vitalstocks — Mon, 28 Mar 2011 22:25:10 +0000

Late last month, offshore drilling giant Transocean Inc. (RIG) announced its financial results for the fourth-quarter and year-end 2010. Now that the analysts have had some time to ponder over the quarterly performance of Transocean, they are weighing their estimate revisions. Below we cover the results of the recent earnings announcement, subsequent analyst estimate revisions [...]

(RIG) Transocean Fourth Quarter 2010 Earnings Scorecard

(LNG) Stock Market News for March 14, 2011 – Market News

vitalstocks — Mon, 14 Mar 2011 17:05:12 +0000

On Friday, markets overcame fears of any near-term slide in the wake of global issues to end higher as materials and energy helped the indices post gains. The mass destruction caused by the earthquake and tsunami in the third largest economy of the world, Japan, failed to unnerve US markets. Protests in Saudi Arabia also [...]

(LNG) Stock Market News for March 14, 2011 – Market News

(AHD) Company News for March 08, 2011 – Corporate Summary

vitalstocks — Wed, 09 Mar 2011 00:57:37 +0000

• Ciena Corp. (NASDAQ:CIEN) reported a Q1 loss of $0.14 per share, lower than the Zacks Consensus Estimate of a loss of $0.30 per share • Urban Outfitters (NASDAQ:URBN) reported Q4 EPS of $0.45, lower than the Zacks Consensus Estimate of $0.52 per share. Revenues for the quarter rose 14% year-over-year to $668.4 million, missing the Zacks [...]

(AHD) Company News for March 08, 2011 – Corporate Summary

(RIG) Transocean Earnings Report Lags Estimates

vitalstocks — Thu, 03 Mar 2011 15:35:33 +0000

Global offshore drilling contractor Transocean Inc. (RIG) reported weak fourth quarter and full-year 2010 results, affected by reduced utilization rates and lower average daily revenue along with higher operating costs. Earnings per share, excluding one-time expenses, came in at 76 cents, below the Zacks Consensus Estimate of 87 cents. In the year-ago period, the company [...]

(RIG) Transocean Earnings Report Lags Estimates

(PDE) Pride International’s Quarterly Report Falls Short

vitalstocks — Fri, 25 Feb 2011 19:03:21 +0000

Pride International Inc. (PDE) reported depressed fourth-quarter and full-year 2010 results, hurt by higher operating expenses. The company’s quarterly earnings, excluding one-time items, of 40 cents per share, failed to meet the Zacks Consensus Estimate of 43 cents. However, on a year-over-year comparison, results increased considerably from adjusted earnings of 19 cents per share. Full-year [...]

(PDE) Pride International’s Quarterly Report Falls Short