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	<title>Stock Blog Hub &#187; BJ Services Company</title>
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		<title>(BHI) BJ Services Launches Ethylene Pipeline in Qatar</title>
		<link>http://www.stockbloghub.com/2010/04/12/bhi-bj-services-launches-ethylene-pipeline-in-qatar/33415</link>
		<comments>http://www.stockbloghub.com/2010/04/12/bhi-bj-services-launches-ethylene-pipeline-in-qatar/33415#comments</comments>
		<pubDate>Mon, 12 Apr 2010 17:55:47 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[Baker Hughes Inc.]]></category>
		<category><![CDATA[BHI]]></category>
		<category><![CDATA[BJ Services Company]]></category>
		<category><![CDATA[BJS]]></category>
		<category><![CDATA[REP]]></category>
		<category><![CDATA[Repsol YPF SA]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=33415</guid>
		<description><![CDATA[Ahead of the expected closure of the merger between Baker Hughes Inc. (BHI) and BJ Services Company (BJS), the latter is quite active on the work front. The company has recently commissioned its first ethylene pipeline in Qatar. The contract, which was awarded in April last year Incorporatedludes one main 135-km pipeline and two short satellite pipelines. Shareholders of both the companies approved the proposed merger on March 31, 2010.  With the approval of the Antitrust Division, the merger is expected to be closed some time soon. Seperately, BJ Services has been awarded a contract to deliver casing, tubing and drillstring running services by Repsol YPF, S.A. (REP). This is a three-year contract. For the last few years, BJ Services has successfully performed various projects in Repsol’s production facilities in ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(SLB) Schlumberger-Smith International Merger Faces Longer Review</title>
		<link>http://www.stockbloghub.com/2010/04/07/slb-schlumberger-smith-international-merger-faces-longer-review/33015</link>
		<comments>http://www.stockbloghub.com/2010/04/07/slb-schlumberger-smith-international-merger-faces-longer-review/33015#comments</comments>
		<pubDate>Thu, 08 Apr 2010 00:03:21 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[Baker Hughes Inc.]]></category>
		<category><![CDATA[BHI]]></category>
		<category><![CDATA[BJ Services Company]]></category>
		<category><![CDATA[BJS]]></category>
		<category><![CDATA[Schlumberger Limited]]></category>
		<category><![CDATA[SII]]></category>
		<category><![CDATA[SLB]]></category>
		<category><![CDATA[Smith International Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=33015</guid>
		<description><![CDATA[Schlumberger Ltd. (SLB) on Monday said that the Antitrust Division of the United States Department of Justice has requested for additional information related to the proposed merger with Smith International Inc. (SII). The additional information is also known as &#8220;second request&#8221;. Regulators usually scrutinize merger agreements in detail. As with the Smith–Schlumberger case, the Department has also issued multiple requests for information on another merger between Baker Hughes Inc. (BHI) and BJ Services Company (BJS). In February, Schlumberger acquired lesser rival Smith for approximately $11 billion in an all-stock deal. While a definitive date for the closing of the transaction is yet be determined, Schlumberger expects it during the second half of this year. Under the terms of the agreement, Smith shareholders will receive 0.6966 Schlumberger share in exchange for ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/04/07/slb-schlumberger-smith-international-merger-faces-longer-review/33015/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BHI) Baker Hughes and BJ Services Shareholders Approve Merger</title>
		<link>http://www.stockbloghub.com/2010/04/01/bhi-baker-hughes-and-bj-services-shareholders-approve-merger/32640</link>
		<comments>http://www.stockbloghub.com/2010/04/01/bhi-baker-hughes-and-bj-services-shareholders-approve-merger/32640#comments</comments>
		<pubDate>Thu, 01 Apr 2010 21:55:15 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[Baker Hughes Inc.]]></category>
		<category><![CDATA[BHI]]></category>
		<category><![CDATA[BJ Services Company]]></category>
		<category><![CDATA[BJS]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=32640</guid>
		<description><![CDATA[Shareholders of Baker Hughes Inc. (BHI) and BJ Services Company (BJS) approved the proposed merger between the two companies. Both the companies declared the news yesterday following their special meetings of shareholders. In August 2009, Baker Hughes agreed to acquire BJ Services in a cash and stock deal valued at $5.5 billion. Under the agreement, for each share of BJ Services common stock, holders will receive 0.40035 shares of Baker Hughes and cash of $2.69. The agreement represents a premium of 16.3% to BJ Services stockholders over the company’s closing price on Aug 28, 2009. While Baker Hughes’ shareholders approved the additional share issuance, BJ Services’ shareholders voted in favor of the agreement and plan of the merger. As the proposed merger requires the divestiture of some assets, the two ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/04/01/bhi-baker-hughes-and-bj-services-shareholders-approve-merger/32640/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BJS) BJ Services Company Reports Loss Against Expected Profit</title>
		<link>http://www.stockbloghub.com/2010/02/09/bjs-bj-services-company-reports-loss-against-expected-profit/27455</link>
		<comments>http://www.stockbloghub.com/2010/02/09/bjs-bj-services-company-reports-loss-against-expected-profit/27455#comments</comments>
		<pubDate>Tue, 09 Feb 2010 21:19:57 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[Baker Hughes Inc.]]></category>
		<category><![CDATA[BHI]]></category>
		<category><![CDATA[BJ Services Company]]></category>
		<category><![CDATA[BJS]]></category>
		<category><![CDATA[HAL]]></category>
		<category><![CDATA[Halliburton Company]]></category>
		<category><![CDATA[Schlumberger Limited]]></category>
		<category><![CDATA[SLB]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=27455</guid>
		<description><![CDATA[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 and increased 6% sequentially to $931.5 million. BJ Services missed the quarter badly despite an increased service activity and a stable to slightly improved pressure pumping pricing environment in North American markets. However, sector leaders such as Schlumberger Ltd. (SLB), Halliburton Company (HAL) and Baker Hughes Inc. (BHI) have all posted profits that beat the Zacks Consensus Estimates. BJ Services is in the process of being taken over by Baker Hughes, which is expected to be closed in this quarter. The company’s earnings surprise for ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/02/09/bjs-bj-services-company-reports-loss-against-expected-profit/27455/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(XTO) Natural Gas Prices Up on Huge EIA Drawdown</title>
		<link>http://www.stockbloghub.com/2009/12/11/xto-natural-gas-prices-up-on-huge-eia-drawdown/22652</link>
		<comments>http://www.stockbloghub.com/2009/12/11/xto-natural-gas-prices-up-on-huge-eia-drawdown/22652#comments</comments>
		<pubDate>Fri, 11 Dec 2009 22:22:15 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Closed-End Fund - Debt]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[Anadarko Petroleum Corporation]]></category>
		<category><![CDATA[APC]]></category>
		<category><![CDATA[BJ Services Company]]></category>
		<category><![CDATA[BJS]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[Cabot Oil & Gas Corporation]]></category>
		<category><![CDATA[Chesapeake Energy Corporation]]></category>
		<category><![CDATA[CHK]]></category>
		<category><![CDATA[COG]]></category>
		<category><![CDATA[Devon Energy Corporation]]></category>
		<category><![CDATA[DVN]]></category>
		<category><![CDATA[ECA]]></category>
		<category><![CDATA[Encana Corporation]]></category>
		<category><![CDATA[EOG]]></category>
		<category><![CDATA[Eog Resources Inc]]></category>
		<category><![CDATA[Helmerich & Payne Inc]]></category>
		<category><![CDATA[HP]]></category>
		<category><![CDATA[Nabors Industries Limited]]></category>
		<category><![CDATA[NBR]]></category>
		<category><![CDATA[Patterson-UTI Energy Inc]]></category>
		<category><![CDATA[PTEN]]></category>
		<category><![CDATA[XTO]]></category>
		<category><![CDATA[Xto Energy Inc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=22652</guid>
		<description><![CDATA[The federal government’s Energy Information Administration (EIA) reported a bigger-than-expected decline in natural gas supplies. Stockpiles held in underground storage in the lower 48 states fell by 64 billion cubic feet (Bcf) for the week ended December 4. The large inventory decline came as frigid temperatures throughout the country finally started to erode record-high storage amounts. This takes the current storage level to 3.77 trillion cubic feet (Tcf), which is still up 14.3% from last year&#8217;s level and 15.7% above the five-year range (as clear from the nearby chart from the EIA). Current stocks are 472 Bcf above last year’s level and 513 Bcf above the five-year average. Despite exceeding market expectations, the inventory withdrawal (that came about two or three weeks behind schedule) was lower than the five-year-average drawdown ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/12/11/xto-natural-gas-prices-up-on-huge-eia-drawdown/22652/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(XTO) Natural Gas Stockpiles Up Slightly</title>
		<link>http://www.stockbloghub.com/2009/11/30/xto-natural-gas-stockpiles-up-slightly/21554</link>
		<comments>http://www.stockbloghub.com/2009/11/30/xto-natural-gas-stockpiles-up-slightly/21554#comments</comments>
		<pubDate>Tue, 01 Dec 2009 00:33:23 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[Anadarko Petroleum Corporation]]></category>
		<category><![CDATA[APC]]></category>
		<category><![CDATA[BJ Services Company]]></category>
		<category><![CDATA[BJS]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[Chesapeake Energy Corporation]]></category>
		<category><![CDATA[CHK]]></category>
		<category><![CDATA[Devon Energy Corporation]]></category>
		<category><![CDATA[DVN]]></category>
		<category><![CDATA[ECA]]></category>
		<category><![CDATA[Encana Corporation]]></category>
		<category><![CDATA[EOG]]></category>
		<category><![CDATA[Eog Resources Inc]]></category>
		<category><![CDATA[Nabors Industries Limited]]></category>
		<category><![CDATA[NBR]]></category>
		<category><![CDATA[Patterson-UTI Energy Inc]]></category>
		<category><![CDATA[PTEN]]></category>
		<category><![CDATA[XTO]]></category>
		<category><![CDATA[Xto Energy Inc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=21554</guid>
		<description><![CDATA[Last week, the federal government’s Energy Information Administration [EIA] reported a lower-than-expected rise in natural gas supplies. Stockpiles held in underground storage in the lower 48 states rose by 2 billion cubic feet (Bcf) for the week ended November 20. This takes the current storage level to a new all-time high of 3.84 trillion cubic feet (Tcf), which is up 11.8% from last year&#8217;s level and 13.0% above the five-year range (as clear on the chart from the EIA). Current stocks are 404 Bcf above last year’s level and 442 Bcf above the five-year average. The relentless increase in gas storage levels has meant that stockpiles are already 99% full. At this pace, inventories are well on their way to surpass the maximum capacity of 3.89 Tcf. However, the bullish ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/11/30/xto-natural-gas-stockpiles-up-slightly/21554/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BHI) Baker Hughes Misses Earnings Estimates</title>
		<link>http://www.stockbloghub.com/2009/11/04/bhi-baker-hughes-misses-earnings-estimates/19614</link>
		<comments>http://www.stockbloghub.com/2009/11/04/bhi-baker-hughes-misses-earnings-estimates/19614#comments</comments>
		<pubDate>Wed, 04 Nov 2009 21:35:30 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[Baker Hughes Inc.]]></category>
		<category><![CDATA[BHI]]></category>
		<category><![CDATA[BJ Services Company]]></category>
		<category><![CDATA[BJS]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=19614</guid>
		<description><![CDATA[Baker Hughes Inc. (BHI) reported its third quarter results of 26 cents per share, well below the Zacks Consensus Estimate of 36 cents and year-earlier quarter earnings of $1.39. Before adjusting one-time items, earnings were 18 cents per share. Though the company’s results came in below expectations due to lower activity levels in all geographical regions, fundamentals remain strong as the North American gas-directed drilling gain traction and benefits from the pending BJ Services (BJS) acquisition are expected. Revenue from Baker Hughes’ Oilfield operations was $2.23 billion, down 26% from the year-ago quarter and 4% from the previous quarter. Pre-tax operating profits decreased nearly 72% year-over-year and nearly 22% sequentially to $187 million. Pre-tax operating margin for the quarter was 8%, compared to 22% in the year-ago quarter and 10% ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/11/04/bhi-baker-hughes-misses-earnings-estimates/19614/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(XTO) Natural Gas Storage at New All-Time High</title>
		<link>http://www.stockbloghub.com/2009/10/19/xto-natural-gas-storage-at-new-all-time-high/18103</link>
		<comments>http://www.stockbloghub.com/2009/10/19/xto-natural-gas-storage-at-new-all-time-high/18103#comments</comments>
		<pubDate>Mon, 19 Oct 2009 16:28:38 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[Anadarko Petroleum Corporation]]></category>
		<category><![CDATA[APC]]></category>
		<category><![CDATA[BJ Services Company]]></category>
		<category><![CDATA[BJS]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[Chesapeake Energy Corporation]]></category>
		<category><![CDATA[CHK]]></category>
		<category><![CDATA[Devon Energy Corporation]]></category>
		<category><![CDATA[DVN]]></category>
		<category><![CDATA[ECA]]></category>
		<category><![CDATA[Encana Corporation]]></category>
		<category><![CDATA[EOG]]></category>
		<category><![CDATA[Eog Resources Inc]]></category>
		<category><![CDATA[Nabors Industries Limited]]></category>
		<category><![CDATA[NBR]]></category>
		<category><![CDATA[Patterson-UTI Energy Inc]]></category>
		<category><![CDATA[PTEN]]></category>
		<category><![CDATA[XTO]]></category>
		<category><![CDATA[Xto Energy Inc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=18103</guid>
		<description><![CDATA[Last Thursday, we received a mildly bearish report from the federal government’s Energy Information Administration [EIA], showing a higher-than-expected rise in natural gas supplies. Stockpiles held in underground storage in the lower 48 states rose by 58 billion cubic feet (Bcf) for the week ended October 9. This takes the current storage level to a new all-time high of 3.72 trillion cubic feet (Tcf), which is up 13.8% from last year&#8217;s level and 14.6% above the five-year range (as clear from the nearby chart from the EIA). Current stocks are 450 Bcf above last year’s level and 474 Bcf above the five-year average. The inventory addition was lower than the five-year-average injection of 64 Bcf and last year&#8217;s build of 81 Bcf. The relentless increase in gas storage levels has ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/10/19/xto-natural-gas-storage-at-new-all-time-high/18103/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BHI) Baker Hughes Incorporated-BJ Services Company: More Info Sought</title>
		<link>http://www.stockbloghub.com/2009/10/16/bhi-baker-hughes-incorporated-bj-services-company-more-info-sought/17828</link>
		<comments>http://www.stockbloghub.com/2009/10/16/bhi-baker-hughes-incorporated-bj-services-company-more-info-sought/17828#comments</comments>
		<pubDate>Fri, 16 Oct 2009 23:27:12 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[Baker Hughes Inc.]]></category>
		<category><![CDATA[BHI]]></category>
		<category><![CDATA[BJ Services Company]]></category>
		<category><![CDATA[BJS]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=17828</guid>
		<description><![CDATA[Earlier today, Baker Hughes Incorporated (BHI) and BJ Services Company (BJS) received a request from the Antitrust Division of the Department of Justice for additional information (commonly known as a second request) regarding their proposed merger. Both companies intend to comply with the request promptly. Recently, Baker Hughes and BJ Services entered into a definitive agreement for a stock and cash merger, which represents a transaction value of $5.5 billion for BJ Services based on closing stock prices on Aug. 28, 2009. Post-merger, Baker Hughes shareholders will own approximately 72.5% of the combined entity, with BJ Services shareholders owning the rest. The Baker Hughes Board of Directors will be expanded to include two BJ Services Board members. In addition to saving significantly on costs, shareholders of both companies get a ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/10/16/bhi-baker-hughes-incorporated-bj-services-company-more-info-sought/17828/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(XTO) Natural Gas Storage Hits New High</title>
		<link>http://www.stockbloghub.com/2009/10/09/xto-natural-gas-storage-hits-new-high/17313</link>
		<comments>http://www.stockbloghub.com/2009/10/09/xto-natural-gas-storage-hits-new-high/17313#comments</comments>
		<pubDate>Fri, 09 Oct 2009 17:30:13 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[BJ Services Company]]></category>
		<category><![CDATA[BJS]]></category>
		<category><![CDATA[Chesapeake Energy Corporation]]></category>
		<category><![CDATA[CHK]]></category>
		<category><![CDATA[Devon Energy Corporation]]></category>
		<category><![CDATA[DVN]]></category>
		<category><![CDATA[ECA]]></category>
		<category><![CDATA[Encana Corporation]]></category>
		<category><![CDATA[EOG]]></category>
		<category><![CDATA[Eog Resources Inc]]></category>
		<category><![CDATA[Nabors Industries Limited]]></category>
		<category><![CDATA[NBR]]></category>
		<category><![CDATA[Patterson-UTI Energy Inc]]></category>
		<category><![CDATA[PTEN]]></category>
		<category><![CDATA[XTO]]></category>
		<category><![CDATA[Xto Energy Inc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=17313</guid>
		<description><![CDATA[In its weekly release yesterday, the Energy Information Administration [EIA] reported a bigger-than-expected 69 billion cubic feet (Bcf) addition to natural gas stockpiles for the week ended October 2. This takes the current storage level to a new record high of 3.66 trillion cubic feet (Tcf), which is up 14.9% from last year&#8217;s level and 15.1% above the five-year range (as clear from the nearby chart from the EIA). Current stocks are 473 Bcf above last year’s level and 480 Bcf above the five-year average. The inventory addition was lower than the five-year-average injection of 70 Bcf and last year&#8217;s build of 87 Bcf. The relentless increase in gas storage levels has meant that with four weeks remaining in the storage injection season, stockpiles are already 94% full. At this ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(XTO) Natural Gas Inventory Builds at Slower Pace</title>
		<link>http://www.stockbloghub.com/2009/09/18/xto-natural-gas-inventory-builds-at-slower-pace/15628</link>
		<comments>http://www.stockbloghub.com/2009/09/18/xto-natural-gas-inventory-builds-at-slower-pace/15628#comments</comments>
		<pubDate>Fri, 18 Sep 2009 23:41:22 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[BJ Services Company]]></category>
		<category><![CDATA[BJS]]></category>
		<category><![CDATA[Chesapeake Energy Corporation]]></category>
		<category><![CDATA[CHK]]></category>
		<category><![CDATA[Devon Energy Corporation]]></category>
		<category><![CDATA[DVN]]></category>
		<category><![CDATA[ECA]]></category>
		<category><![CDATA[Encana Corporation]]></category>
		<category><![CDATA[EOG]]></category>
		<category><![CDATA[Eog Resources Inc]]></category>
		<category><![CDATA[Nabors Industries Ltd]]></category>
		<category><![CDATA[NBR]]></category>
		<category><![CDATA[XTO]]></category>
		<category><![CDATA[Xto Energy Inc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15628</guid>
		<description><![CDATA[Yesterday, we received a mildly positive report from the federal government’s Energy Information Administration (EIA), showing a less-than-expected rise in natural gas supplies. Stockpiles held in underground storage in the lower 48 states rose by 66 billion cubic feet (Bcf) for the week ended September 11. This takes the current storage level to 3.46 trillion cubic feet (Tcf), which is up 16.7% from last year&#8217;s level and 16.4% above the five-year range (as clear from the nearby chart from the EIA). Current stocks are 496 Bcf above last year’s level and 487 Bcf above the five-year average. The inventory addition was lower than the five-year-average injection of 82 Bcf but slightly exceeded last year&#8217;s build of 65 Bcf. Overall, the relentless increase in gas storage levels continue to add to ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/18/xto-natural-gas-inventory-builds-at-slower-pace/15628/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(XTO) Natural Gas Inventories Rise Less Than Expected</title>
		<link>http://www.stockbloghub.com/2009/09/11/xto-natural-gas-inventories-rise-less-than-expected/14970</link>
		<comments>http://www.stockbloghub.com/2009/09/11/xto-natural-gas-inventories-rise-less-than-expected/14970#comments</comments>
		<pubDate>Fri, 11 Sep 2009 21:46:31 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[BJ Services Company]]></category>
		<category><![CDATA[BJS]]></category>
		<category><![CDATA[Chesapeake Energy Corporation]]></category>
		<category><![CDATA[CHK]]></category>
		<category><![CDATA[ECA]]></category>
		<category><![CDATA[Encana Corporation]]></category>
		<category><![CDATA[EOG]]></category>
		<category><![CDATA[Eog Resources Inc]]></category>
		<category><![CDATA[Nabors Industries Ltd]]></category>
		<category><![CDATA[NBR]]></category>
		<category><![CDATA[XTO]]></category>
		<category><![CDATA[Xto Energy Inc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14970</guid>
		<description><![CDATA[In its weekly release yesterday, the Energy Information Administration (EIA) reported a less-than-expected 69 billion cubic feet (Bcf) weekly addition to natural gas stockpiles for the week ended September 4. This takes the current storage level to 3.39 trillion cubic feet (Tcf), which is up 17.1% from last year&#8217;s level and 17.4% above the five-year range (as clear from the nearby chart from the EIA). Current stocks are 495 Bcf above last year’s level and 503 Bcf above the five-year average. The inventory addition was higher than last year&#8217;s build of 63 Bcf and the five-year-average injection of 67 Bcf. The relentless increase in gas storage levels continue to add to the long list of issues weighing on the commodity. At this pace, inventories are on course to surpass the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/11/xto-natural-gas-inventories-rise-less-than-expected/14970/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>($XTO) Natural Gas Stockpiles Expand</title>
		<link>http://www.stockbloghub.com/2009/09/04/xto-natural-gas-stockpiles-expand/14447</link>
		<comments>http://www.stockbloghub.com/2009/09/04/xto-natural-gas-stockpiles-expand/14447#comments</comments>
		<pubDate>Fri, 04 Sep 2009 23:36:16 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[BJ Services Company]]></category>
		<category><![CDATA[BJS]]></category>
		<category><![CDATA[Chesapeake Energy Corporation]]></category>
		<category><![CDATA[CHK]]></category>
		<category><![CDATA[EOG]]></category>
		<category><![CDATA[Eog Resources Inc]]></category>
		<category><![CDATA[Nabors Industries Ltd]]></category>
		<category><![CDATA[NBR]]></category>
		<category><![CDATA[XTO]]></category>
		<category><![CDATA[Xto Energy Inc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14447</guid>
		<description><![CDATA[Yesterday, in its weekly release, the federal government’s Energy Information Administration (EIA) reported another rise in natural gas supplies. Stockpiles held in underground storage in the lower 48 states rose by 65 billion cubic feet (Bcf) for the week ended August 28. This takes the current storage level to 3.32 trillion cubic feet (Tcf), which is up 17.3% from last year&#8217;s level and 17.8% above the five-year range (as clear from the nearby chart from the EIA). Current stocks are 489 Bcf above last year and 501 Bcf above the five-year average. The inventory addition was smaller than last year&#8217;s build of 92 Bcf but exceeded the five-year-average injection of 64 Bcf. The relentless increase in gas storage levels continue to add to the long list of issues weighing on ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/04/xto-natural-gas-stockpiles-expand/14447/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BHI) Baker Hughes to Buy BJ Services</title>
		<link>http://www.stockbloghub.com/2009/08/31/bhi-baker-hughes-to-buy-bj-services/13923</link>
		<comments>http://www.stockbloghub.com/2009/08/31/bhi-baker-hughes-to-buy-bj-services/13923#comments</comments>
		<pubDate>Mon, 31 Aug 2009 15:55:36 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil and Gas Equipment and Services]]></category>
		<category><![CDATA[Baker Hughes Inc.]]></category>
		<category><![CDATA[BHI]]></category>
		<category><![CDATA[BJ Services Company]]></category>
		<category><![CDATA[BJS]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13923</guid>
		<description><![CDATA[Earlier today, Baker Hughes, Inc. (BHI) and BJ Services (BJS) announced a definitive agreement for a stock and cash merger, which represents a transaction value of $5.5 billion for BJ Services based on closing stock prices on August 28, 2009. Post-merger, Baker Hughes shareholders will own approximately 72.5% of the combined entity, with BJ Services shareholders owning the rest. The Baker Hughes Board of Directors will be expanded to include two BJ Services Board members. In addition to saving significantly on costs, shareholders of both companies get a more diversified oilfield services exposure. BJ Services shareholders get exposure to the much more stable top-tier global oilfield services over and above its existing pressure pumping services. Baker Hughes shareholders will get open to more efficient oilfield services by integrating pressure pumping ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/31/bhi-baker-hughes-to-buy-bj-services/13923/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>($XTO) EIA-Reported Supply Glut Pressuring Natural Gas</title>
		<link>http://www.stockbloghub.com/2009/08/28/xto-eia-reported-supply-glut-pressuring-natural-gas/13790</link>
		<comments>http://www.stockbloghub.com/2009/08/28/xto-eia-reported-supply-glut-pressuring-natural-gas/13790#comments</comments>
		<pubDate>Fri, 28 Aug 2009 23:17:02 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[BJ Services Company]]></category>
		<category><![CDATA[BJS]]></category>
		<category><![CDATA[Chesapeake Energy Corporation]]></category>
		<category><![CDATA[CHK]]></category>
		<category><![CDATA[EOG]]></category>
		<category><![CDATA[Eog Resources Inc]]></category>
		<category><![CDATA[Nabors Industries Ltd]]></category>
		<category><![CDATA[NBR]]></category>
		<category><![CDATA[XTO]]></category>
		<category><![CDATA[Xto Energy Inc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13790</guid>
		<description><![CDATA[In its weekly release yesterday, the Energy Information Administration (EIA) reported a bigger-than-expected 54 billion cubic feet (Bcf) weekly addition to natural gas stockpiles for the week ended August 21. This takes the current storage level to 3.26 trillion cubic feet (Tcf), which is up 18.8% from last year&#8217;s level and 18.1% above the five-year range (as clear from the nearby chart from the EIA). Current stocks are 516 Bcf above this last year and 500 Bcf above the five-year average. The build was smaller than last year&#8217;s 100 Bcf build and the five-year-average injection of 67 Bcf. However, the relentless increase in gas storage levels continue to add to the long list of issues weighing on the commodity. Natural gas prices rallied earlier last year, reaching over $13 per ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/28/xto-eia-reported-supply-glut-pressuring-natural-gas/13790/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(XTO) Natural Gas Continues to Build</title>
		<link>http://www.stockbloghub.com/2009/08/21/xto-natural-gas-continues-to-build/13073</link>
		<comments>http://www.stockbloghub.com/2009/08/21/xto-natural-gas-continues-to-build/13073#comments</comments>
		<pubDate>Fri, 21 Aug 2009 17:30:51 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[BJ Services Company]]></category>
		<category><![CDATA[BJS]]></category>
		<category><![CDATA[Chesapeake Energy Corporation]]></category>
		<category><![CDATA[CHK]]></category>
		<category><![CDATA[EOG]]></category>
		<category><![CDATA[Eog Resources Inc]]></category>
		<category><![CDATA[Nabors Industries Ltd]]></category>
		<category><![CDATA[NBR]]></category>
		<category><![CDATA[XTO]]></category>
		<category><![CDATA[Xto Energy Inc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13073</guid>
		<description><![CDATA[Yesterday, in its weekly report, the Energy Information Administration (EIA) said that natural gas inventories for the latest week came towards the lower end of expectations. Stockpiles held in underground storage in the lower 48 states rose by 52 billion cubic feet (Bcf) to about 3.20 trillion cubic feet (Tcf) for the week ended August 14. The data also showed that inventory levels were 19% above the five-year average of about 2.69 Tcf, and 21% above last year&#8217;s storage level of about 2.64 Tcf (as clear from the following EIA chart). The build was smaller than last year&#8217;s 82 Bcf build and the five-year-average injection of 56 Bcf. However, the relentless increase in gas storage levels continue to add to the long list of issues weighing on the commodity. Natural ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/21/xto-natural-gas-continues-to-build/13073/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(XOM) Oil &amp; Gas Industry &#8211; Industry Outlook</title>
		<link>http://www.stockbloghub.com/2009/03/19/xom-oil-gas-industry-industry-outlook/4512</link>
		<comments>http://www.stockbloghub.com/2009/03/19/xom-oil-gas-industry-industry-outlook/4512#comments</comments>
		<pubDate>Thu, 19 Mar 2009 22:34:33 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Major Integrated Oil & Gas]]></category>
		<category><![CDATA[Baker Hughes Inc.]]></category>
		<category><![CDATA[BHI]]></category>
		<category><![CDATA[BJ Services Company]]></category>
		<category><![CDATA[BJS]]></category>
		<category><![CDATA[Chevron Corp.]]></category>
		<category><![CDATA[CVX]]></category>
		<category><![CDATA[Exxon Mobil Corp.]]></category>
		<category><![CDATA[HAL]]></category>
		<category><![CDATA[Halliburton Company]]></category>
		<category><![CDATA[Schlumberger Limited]]></category>
		<category><![CDATA[SLB]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=4512</guid>
		<description><![CDATA[While downside risks remain, the overall outlook for the oil sector has improved in recent days, owing largely to the tentative signs of a supply response to anemic global demand. With demand falling sharply due to worldwide economic problems, inventories started building at a faster rate since last fall. In response, OPEC (which accounts for roughly 40% of all oil supplies) announced a number of production cuts. While there was ample skepticism early on regarding OPEC&#8217;s ability to enforce the announced cuts, recent evidence suggests a significant level of compliance within the cartel. As such, while oil prices over the coming weeks will track the outlook for the global economy, the commodity&#8217;s improved supply situation is expected to help prices consolidate around current levels. Natural gas, on the other hand, ]]></description>
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		<slash:comments>0</slash:comments>
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	</channel>
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