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	<title>Stock Blog Hub &#187; Rowan Companies Inc</title>
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		<title>(CVX) How to Play the Texas Tea Momentum &#8211; Investment Ideas</title>
		<link>http://www.stockbloghub.com/2012/02/24/cvx-how-to-play-the-texas-tea-momentum-investment-ideas/92534</link>
		<comments>http://www.stockbloghub.com/2012/02/24/cvx-how-to-play-the-texas-tea-momentum-investment-ideas/92534#comments</comments>
		<pubDate>Fri, 24 Feb 2012 18:16:51 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
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		<category><![CDATA[Pioneer Drilling Company]]></category>
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		<category><![CDATA[Rowan Companies Inc]]></category>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=92534</guid>
		<description><![CDATA[In May 2008 a call from a major brokerage was heard round the world. It was the “super spike” in the price of oil which called for prices to dramatically increase from the $115 level to an unthinkable $150-$200 a barrel. This call came from the same analyst that three years earlier saw $100 barrel crude when sweet Texas tea was hovering close to $60. The earlier call was also a somewhat unthinkable prospect. Recently, we got another call from the same brokerage… just a different analyst this time. The call isn’t quite the same, but the idea is. Oil prices are expected to move higher. We will leave the details of Iran or supply and demand out of this discussion and focus on how we can best position our ]]></description>
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		</item>
		<item>
		<title>(CHK) Chesapeake Energy Service Business to Go Public</title>
		<link>http://www.stockbloghub.com/2011/11/18/chk-chesapeake-energy-service-business-to-go-public/87164</link>
		<comments>http://www.stockbloghub.com/2011/11/18/chk-chesapeake-energy-service-business-to-go-public/87164#comments</comments>
		<pubDate>Fri, 18 Nov 2011 18:57:22 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[Chesapeake Energy Corporation]]></category>
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		<category><![CDATA[Exxon Mobil Corporation]]></category>
		<category><![CDATA[Helmerich & Payne Inc]]></category>
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		<category><![CDATA[Oceaneering International Inc]]></category>
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		<category><![CDATA[RDC]]></category>
		<category><![CDATA[Rowan Companies Inc]]></category>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=87164</guid>
		<description><![CDATA[Chesapeake Energy Corporation (CHK) is contemplating to squeeze value from its oil-field service business – Chesapeake Oilfield Services LLC – by spinning it off in a public stock offering. The company aims to create value for investors and enhance the share price of the parent company. Chesapeake plans to hold on to a majority stake of about 80% in the separated entity once it goes public. Chesapeake will try to have a hold over the service company’s board and simultaneously retain as much stock as it can. The spun off company’s operation will mainly be for Chesapeake. Post separation, the new entity would be one of the largest service firms in the U.S. with 114 drilling rigs, a vast trucking fleet and a large hydraulic-fracturing business. Management has valued the ]]></description>
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		</item>
		<item>
		<title>(PBR) Oil Industry Mergers and Acquisitions 2011</title>
		<link>http://www.stockbloghub.com/2011/09/14/pbr-oil-industry-mergers-and-acquisitions-2011/83060</link>
		<comments>http://www.stockbloghub.com/2011/09/14/pbr-oil-industry-mergers-and-acquisitions-2011/83060#comments</comments>
		<pubDate>Wed, 14 Sep 2011 16:38:15 +0000</pubDate>
		<dc:creator>InvestmentU</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Baker Hughes Inc.]]></category>
		<category><![CDATA[BHI]]></category>
		<category><![CDATA[BOLT]]></category>
		<category><![CDATA[Bolt Technology Corporation]]></category>
		<category><![CDATA[CAM]]></category>
		<category><![CDATA[Cameron International Corporation]]></category>
		<category><![CDATA[commodities]]></category>
		<category><![CDATA[Energy XXI (Bermuda) Limited]]></category>
		<category><![CDATA[EXXI]]></category>
		<category><![CDATA[HAL]]></category>
		<category><![CDATA[Halliburton Company]]></category>
		<category><![CDATA[Joy Global Inc.]]></category>
		<category><![CDATA[JOYG]]></category>
		<category><![CDATA[KWK]]></category>
		<category><![CDATA[LUFK]]></category>
		<category><![CDATA[Lufkin Industries Inc.]]></category>
		<category><![CDATA[National Oilwell Varco Incorporated]]></category>
		<category><![CDATA[NOV]]></category>
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		<category><![CDATA[Quicksilver Resources Inc]]></category>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=83060</guid>
		<description><![CDATA[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 or tar sands because they want to… These sources are becoming the only ones left as production at the largest inland oil fields is declining, or is at least expected to soon. In its 2010 World Energy Outlook, the International Energy Agency estimated that approximately 40 percent of the oil production needed by 2020 has yet to be found or developed. By 2030, it will likely be closer to 60 percent. For the foreseeable future, ]]></description>
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		</item>
		<item>
		<title>(JOYG) Joy Global Buys Rowan&#8217;s LeTourneau</title>
		<link>http://www.stockbloghub.com/2011/06/26/joyg-joy-global-buys-rowans-letourneau/77458</link>
		<comments>http://www.stockbloghub.com/2011/06/26/joyg-joy-global-buys-rowans-letourneau/77458#comments</comments>
		<pubDate>Sun, 26 Jun 2011 17:48:16 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Farm & Construction Machinery]]></category>
		<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[CAT]]></category>
		<category><![CDATA[Caterpillar Inc.]]></category>
		<category><![CDATA[Joy Global Inc.]]></category>
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		<category><![CDATA[RDC]]></category>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=77458</guid>
		<description><![CDATA[Mining equipment maker Joy Global Inc. (JOYG) said it has acquired LeTourneau Technologies Inc. from Rowan Companies Inc. (RDC) for $1.1 billion in cash. The company had agreed to buy Rowan’s LeTourneau assets in May 2011. LeTourneau remains engaged in the manufacturing of large wheel loaders for surface mining along with designing and construction of jackup rigs and shallow-water drilling vessels. Notably, it is a major manufacturer of drilling equipment for large land and offshore rigs and specialty steel products. The unit generated $815 million in revenue last year, with $556 million from its drilling products business and $259 million from mining. The LeTourneau acquisition adds two very strong business platforms for Joy Global. Joy Global expects LeTourneau’s wheel loaders, which are the largest and most fuel efficient in the ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(RDC) Rowan Companies Concludes LeTourneau Sale</title>
		<link>http://www.stockbloghub.com/2011/06/24/rdc-rowan-companies-concludes-letourneau-sale/77332</link>
		<comments>http://www.stockbloghub.com/2011/06/24/rdc-rowan-companies-concludes-letourneau-sale/77332#comments</comments>
		<pubDate>Fri, 24 Jun 2011 16:23:08 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Joy Global Inc.]]></category>
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		<category><![CDATA[Rowan Companies Inc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=77332</guid>
		<description><![CDATA[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 for large land and offshore rigs and specialty steel products. It makes large wheel loaders for surface mining along with designing and construction of jackup rigs and shallow-water drilling vessels. The unit generated $815 million in revenue in the last financial year, with $556 million coming from its drilling products business and $259 million from mining. The divestiture of LeTourneau brings two comprehensive business platforms to Joy Global. The first, LeTourneau’s wheel loaders, is the ]]></description>
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		</item>
		<item>
		<title>(RDC) Rowan Companies Beat Estimates on Bottom Line</title>
		<link>http://www.stockbloghub.com/2011/05/03/rdc-rowan-companies-beat-estimates-on-bottom-line/73043</link>
		<comments>http://www.stockbloghub.com/2011/05/03/rdc-rowan-companies-beat-estimates-on-bottom-line/73043#comments</comments>
		<pubDate>Tue, 03 May 2011 18:01:12 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Diamond Offshore Drilling Inc]]></category>
		<category><![CDATA[DO]]></category>
		<category><![CDATA[Ensco International Inc]]></category>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=73043</guid>
		<description><![CDATA[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 of $401 million. Operational Performance The company’s drilling operations generated revenues of $250.0 million in the quarter, down 24.5% year over year, mainly due to lower average day rates. However, the gross drilling margin decreased to 43% from 59% in the year-earlier quarter. Operating income plunged substantially by 70% to $41.6 million from the year-earlier level. Rowan&#8217;s manufacturing operations’ external revenues jumped 13% on a year-over-year basis to $114.3 million. Gross manufacturing margin dropped to ]]></description>
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		</item>
		<item>
		<title>(RDC) Rowan Companies Analyst Reiterates Shares at Neutral</title>
		<link>http://www.stockbloghub.com/2011/04/03/rdc-rowan-companies-analyst-reiterates-shares-at-neutral/70529</link>
		<comments>http://www.stockbloghub.com/2011/04/03/rdc-rowan-companies-analyst-reiterates-shares-at-neutral/70529#comments</comments>
		<pubDate>Sun, 03 Apr 2011 15:53:01 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
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		<category><![CDATA[Diamond Offshore Drilling Inc]]></category>
		<category><![CDATA[DO]]></category>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=70529</guid>
		<description><![CDATA[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 driven by improvements in its drilling and manufacturing operations. The company’s contract drilling as well as manufacturing improvements were attributable to proficient cost controlling, accompanied by outperformance in the mining products group, for which Rowan expects demand to perk up in 2011. We view Rowan as the key premium jackup company in the bifurcated shallow water market. The company’s premium high-specification rig fleet enjoys greater utilization than most of the other shallow-water fleets. We believe ]]></description>
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		<item>
		<title>(AMZN) Stock Market News for March 30, 2011 &#8211; Market News</title>
		<link>http://www.stockbloghub.com/2011/03/30/amzn-stock-market-news-for-march-30-2011-market-news/70238</link>
		<comments>http://www.stockbloghub.com/2011/03/30/amzn-stock-market-news-for-march-30-2011-market-news/70238#comments</comments>
		<pubDate>Thu, 31 Mar 2011 05:23:05 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=70238</guid>
		<description><![CDATA[Investors shrugged off disappointing domestic data as energy and technology boosted the indices to highest levels since Libyan violence started dampening the markets last month. However, volumes once again remained low and reflected investor cautiousness ahead of earnings results. The Dow Jones Industrial Average (DJIA) and the Standard &#38; Poor 500 surged 0.7% each, closing at 12,279.01 and 1,319.44, respectively. The Nasdaq Composite Index inched up by a percentage point and finished the day at 2,756.89. Volumes have been particularly low for the past few days and the situation was no different on Wednesday with only 3.6 billion shares changing hands on the New York Stock Exchange. On the NYSE, more than two stocks advanced for every declining stock. TheS&#38;P and Case-Shiller Index reported a slide in the home prices ]]></description>
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		</item>
		<item>
		<title>(APC) Stock Market News for March 22, 2011 &#8211; Market News</title>
		<link>http://www.stockbloghub.com/2011/03/22/apc-stock-market-news-for-march-22-2011-market-news/69379</link>
		<comments>http://www.stockbloghub.com/2011/03/22/apc-stock-market-news-for-march-22-2011-market-news/69379#comments</comments>
		<pubDate>Tue, 22 Mar 2011 15:00:35 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
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		<category><![CDATA[RDC]]></category>
		<category><![CDATA[Rowan Companies Inc]]></category>
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		<category><![CDATA[Verizon Communications Inc.]]></category>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=69379</guid>
		<description><![CDATA[Markets ended in the green for the third consecutive day as indices moved higher on Monday, bolstered by bullish sentiments over big ticket mergers and acquisitions. Signs of the nuclear crisis in Japan stabilizing added to the cheer and the Dow crossed its psychological mark of 12,000 for the first time since the nuclear crisis. The Dow Jones Industrial Average (DJIA) crossed the psychological 12,000 mark and closed at 12,036.53 adding 1.5%. The Standard &#38; Poor 500 (S&#38;P 500) also gained 1.5% to end at 1,298.38 and the Nasdaq was up 1.8% to finish the day at 2,692.09. On the New York Stock Exchange consolidated volumes were 4.5 billion shares and for every 5 stocks that advanced, 1 stock was on the declining side. AT&#38;T, Inc. (NYSE:T) confirmed that it ]]></description>
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		</item>
		<item>
		<title>(RDC) Rowan Companies Analyst Maintains Neutral Rating on Shares</title>
		<link>http://www.stockbloghub.com/2010/12/26/rdc-rowan-companies-analyst-maintains-neutral-rating-on-shares/60758</link>
		<comments>http://www.stockbloghub.com/2010/12/26/rdc-rowan-companies-analyst-maintains-neutral-rating-on-shares/60758#comments</comments>
		<pubDate>Sun, 26 Dec 2010 21:24:16 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Ensco International Inc]]></category>
		<category><![CDATA[ESV]]></category>
		<category><![CDATA[NE]]></category>
		<category><![CDATA[Noble Corporation]]></category>
		<category><![CDATA[PDE]]></category>
		<category><![CDATA[Pride International Inc]]></category>
		<category><![CDATA[RDC]]></category>
		<category><![CDATA[Rowan Companies Inc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=60758</guid>
		<description><![CDATA[We maintain our Neutral recommendation for Rowan Companies Inc. (RDC) following better-than-expected third-quarter results. Revenue was up more than 11% year over year. The company is confident of adding backlog on several high-spec jackups in the near term. This was affirmed by the recent contract award for its first N-class jackup acquired as part of Skeie Drilling &#38; Production ASA. With oil prices remaining strong and tendering activity on the rise, we expect the international jackup market to strengthen further. However, we believe that pricing will be under modest pressure in the near future as new jackups begin to enter the market. Houston, Texas-based Rowan is a provider of international and domestic contract drilling and aviation services. The company’s operations are presently conducted in Mexico, Saudi Arabia, Egypt, West Africa, ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/12/26/rdc-rowan-companies-analyst-maintains-neutral-rating-on-shares/60758/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(AAPL) Company News for September 15, 2010 &#8211; Corporate Summary</title>
		<link>http://www.stockbloghub.com/2010/09/16/aapl-company-news-for-september-15-2010-corporate-summary-2/51582</link>
		<comments>http://www.stockbloghub.com/2010/09/16/aapl-company-news-for-september-15-2010-corporate-summary-2/51582#comments</comments>
		<pubDate>Thu, 16 Sep 2010 15:52:57 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Personal Computers]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[AAPL]]></category>
		<category><![CDATA[Apple Inc.]]></category>
		<category><![CDATA[Berkshire Hathaway]]></category>
		<category><![CDATA[BRKA]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[GE]]></category>
		<category><![CDATA[General Electric Company]]></category>
		<category><![CDATA[HJ Heinz Company]]></category>
		<category><![CDATA[HNZ]]></category>
		<category><![CDATA[MA]]></category>
		<category><![CDATA[Mastercard Incorporated]]></category>
		<category><![CDATA[MCO]]></category>
		<category><![CDATA[Microsoft Corporation]]></category>
		<category><![CDATA[Moody's Corporation]]></category>
		<category><![CDATA[MSFT]]></category>
		<category><![CDATA[RDC]]></category>
		<category><![CDATA[Rowan Companies Inc]]></category>
		<category><![CDATA[UBS]]></category>
		<category><![CDATA[UBS AG]]></category>
		<category><![CDATA[Varian Semiconductor Equipment Associates Inc]]></category>
		<category><![CDATA[VSEA]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=51582</guid>
		<description><![CDATA[• MasterCard&#8217;s (NYSE:MA) board approved repurchase of up to $1 billion of its Class A common shares • Needham &#38; Co. maintained its &#8220;buy&#8221; rating on Varian Semiconductor (NASDAQ:VSEA), but lowered the price target to $32 from $35 • Citigroup (NYSE:C) initiated coverage of General Electric (NYSE:GE) with a &#8220;buy&#8221; rating and a $19 price target • Microsoft (NASDAQ:MSFT) plans to introduce a new Internet Explorer today • Rumors surfaced that Apple (NASDAQ:AAPL) may be planning to unveil a fresh iPad for the holidays, a move that runs counter to it traditional 12-month product cycles • Investor Nelson Peltz reduced his holding in Heinz (NYSE:HNZ) by one-third to a 1% position • Berkshire Hathaway (NYSE:BRKA) sold 1.35 million shares of its Moody&#8217;s (NYSE:MCO) holdings • UBS (NYSE:UBS) upgraded Rowan Companies (NYSE:RDC) to &#8220;buy&#8221; from &#8220;neutral&#8221; Zacks Investment Research]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/09/16/aapl-company-news-for-september-15-2010-corporate-summary-2/51582/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(AAPL) Company News for September 15, 2010 &#8211; Corporate Summary</title>
		<link>http://www.stockbloghub.com/2010/09/16/aapl-company-news-for-september-15-2010-corporate-summary/51649</link>
		<comments>http://www.stockbloghub.com/2010/09/16/aapl-company-news-for-september-15-2010-corporate-summary/51649#comments</comments>
		<pubDate>Thu, 16 Sep 2010 15:48:19 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Personal Computers]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[AAPL]]></category>
		<category><![CDATA[Apple Inc.]]></category>
		<category><![CDATA[Berkshire Hathaway]]></category>
		<category><![CDATA[BRKA]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[GE]]></category>
		<category><![CDATA[General Electric Company]]></category>
		<category><![CDATA[HJ Heinz Company]]></category>
		<category><![CDATA[HNZ]]></category>
		<category><![CDATA[MA]]></category>
		<category><![CDATA[Mastercard Incorporated]]></category>
		<category><![CDATA[MCO]]></category>
		<category><![CDATA[Microsoft Corporation]]></category>
		<category><![CDATA[Moody's Corporation]]></category>
		<category><![CDATA[MSFT]]></category>
		<category><![CDATA[RDC]]></category>
		<category><![CDATA[Rowan Companies Inc]]></category>
		<category><![CDATA[UBS]]></category>
		<category><![CDATA[UBS AG]]></category>
		<category><![CDATA[Varian Semiconductor Equipment Associates Inc]]></category>
		<category><![CDATA[VSEA]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=51649</guid>
		<description><![CDATA[• MasterCard&#8217;s (NYSE:MA) board approved repurchase of up to $1 billion of its Class A common shares • Needham &#38; Co. maintained its &#8220;buy&#8221; rating on Varian Semiconductor (NASDAQ:VSEA), but lowered the price target to $32 from $35 • Citigroup (NYSE:C) initiated coverage of General Electric (NYSE:GE) with a &#8220;buy&#8221; rating and a $19 price target • Microsoft (NASDAQ:MSFT) plans to introduce a new Internet Explorer today • Rumors surfaced that Apple (NASDAQ:AAPL) may be planning to unveil a fresh iPad for the holidays, a move that runs counter to it traditional 12-month product cycles • Investor Nelson Peltz reduced his holding in Heinz (NYSE:HNZ) by one-third to a 1% position • Berkshire Hathaway (NYSE:BRKA) sold 1.35 million shares of its Moody&#8217;s (NYSE:MCO) holdings • UBS (NYSE:UBS) upgraded Rowan Companies (NYSE:RDC) to &#8220;buy&#8221; from &#8220;neutral&#8221; Zacks Investment Research]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/09/16/aapl-company-news-for-september-15-2010-corporate-summary/51649/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BHI) U.S. Rig Count Uptick Continues</title>
		<link>http://www.stockbloghub.com/2010/07/25/bhi-u-s-rig-count-uptick-continues/43219</link>
		<comments>http://www.stockbloghub.com/2010/07/25/bhi-u-s-rig-count-uptick-continues/43219#comments</comments>
		<pubDate>Sun, 25 Jul 2010 17:55:46 +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[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[Diamond Offshore Drilling Inc]]></category>
		<category><![CDATA[DO]]></category>
		<category><![CDATA[Ensco International Inc]]></category>
		<category><![CDATA[ESV]]></category>
		<category><![CDATA[Helmerich & Payne Inc]]></category>
		<category><![CDATA[HP]]></category>
		<category><![CDATA[NE]]></category>
		<category><![CDATA[Noble Corporation]]></category>
		<category><![CDATA[Patterson-UTI Energy Inc]]></category>
		<category><![CDATA[PDE]]></category>
		<category><![CDATA[Pride International Inc]]></category>
		<category><![CDATA[PTEN]]></category>
		<category><![CDATA[RDC]]></category>
		<category><![CDATA[RIG]]></category>
		<category><![CDATA[Rowan Companies Inc]]></category>
		<category><![CDATA[Transocean Limited]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=43219</guid>
		<description><![CDATA[In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country), reflecting intensified drilling activity. Rigs exploring and producing in the U.S. totaled 1,567 for the week ended July 9, 2010. This is up by 10 from the previous week’s rig count and represents the highest level achieved this year. The current nation-wide rig count is 79% higher from the 2009 low of 876 (set in the week ended June 12, 2009) and significantly exceeds the prior-year level of 916. It rose to a 22-year high in 2008, peaking at 2,031 in the weeks ending August 29 and September 12. Natural Gas Rig Count The natural gas rig count increased ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/07/25/bhi-u-s-rig-count-uptick-continues/43219/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(RIG) Oil &amp; Gas Industry Stock Review &#8211; July 2010 &#8211; Industry Outlook</title>
		<link>http://www.stockbloghub.com/2010/07/23/eia-oil-gas-industry-stock-review-july-2010-industry-outlook/44363</link>
		<comments>http://www.stockbloghub.com/2010/07/23/eia-oil-gas-industry-stock-review-july-2010-industry-outlook/44363#comments</comments>
		<pubDate>Fri, 23 Jul 2010 15:15:50 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Closed-End Fund - Debt]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[Acergy Sa]]></category>
		<category><![CDATA[ACGY]]></category>
		<category><![CDATA[CLB]]></category>
		<category><![CDATA[Core Laboratories NV]]></category>
		<category><![CDATA[Diamond Offshore Drilling Inc]]></category>
		<category><![CDATA[DO]]></category>
		<category><![CDATA[Ensco International Inc]]></category>
		<category><![CDATA[ESV]]></category>
		<category><![CDATA[FMC Technologies]]></category>
		<category><![CDATA[FTI]]></category>
		<category><![CDATA[Helmerich & Payne Inc]]></category>
		<category><![CDATA[HP]]></category>
		<category><![CDATA[NE]]></category>
		<category><![CDATA[Noble Corporation]]></category>
		<category><![CDATA[Patterson-UTI Energy Inc]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[PDE]]></category>
		<category><![CDATA[PetroChina Company Limited]]></category>
		<category><![CDATA[Petroleo Brasileiro]]></category>
		<category><![CDATA[Pride International Inc]]></category>
		<category><![CDATA[PTEN]]></category>
		<category><![CDATA[PTR]]></category>
		<category><![CDATA[RDC]]></category>
		<category><![CDATA[RIG]]></category>
		<category><![CDATA[Rowan Companies Inc]]></category>
		<category><![CDATA[Tesoro Corporation]]></category>
		<category><![CDATA[Transocean Limited]]></category>
		<category><![CDATA[TSO]]></category>
		<category><![CDATA[Valero Energy Corporation]]></category>
		<category><![CDATA[VLO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=44363</guid>
		<description><![CDATA[OUTLOOK Crude Oil The improving economic scene, both here in the U.S. as well as worldwide, had been the main driver of the oil rally that saw the commodity zoom past the $85 per barrel level in late April/early May 2010. However, in recent days, concerns about the European debt crisis and China’s growth outlook have renewed apprehensions about the global growth and energy demand. As a result, oil prices have slumped to around $76 per barrel. Additionally, high levels of product inventories (gasoline and distillate stocks remain above the upper boundary of the average range for this time of year), along with soaring commercial oil supplies, has further dragged down crude prices, in our view. But far too many factors weigh on oil prices &#8212; from OPEC decisions and ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/07/23/eia-oil-gas-industry-stock-review-july-2010-industry-outlook/44363/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BHI) U.S. Oil / Natural Gas Drilling Rig Count Inches Ahead</title>
		<link>http://www.stockbloghub.com/2010/07/06/bhi-u-s-oil-natural-gas-drilling-rig-count-inches-ahead/42627</link>
		<comments>http://www.stockbloghub.com/2010/07/06/bhi-u-s-oil-natural-gas-drilling-rig-count-inches-ahead/42627#comments</comments>
		<pubDate>Tue, 06 Jul 2010 20:51:45 +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[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[commodities]]></category>
		<category><![CDATA[Diamond Offshore Drilling Inc]]></category>
		<category><![CDATA[DO]]></category>
		<category><![CDATA[Ensco International Inc]]></category>
		<category><![CDATA[ESV]]></category>
		<category><![CDATA[Nabors Industries Limited]]></category>
		<category><![CDATA[NBR]]></category>
		<category><![CDATA[NE]]></category>
		<category><![CDATA[Noble Corporation]]></category>
		<category><![CDATA[Patterson-UTI Energy Inc]]></category>
		<category><![CDATA[PDE]]></category>
		<category><![CDATA[Pride International Inc]]></category>
		<category><![CDATA[PTEN]]></category>
		<category><![CDATA[RDC]]></category>
		<category><![CDATA[RIG]]></category>
		<category><![CDATA[Rowan Companies Inc]]></category>
		<category><![CDATA[Transocean Limited]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=42627</guid>
		<description><![CDATA[In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country), reflecting intensified drilling activity despite recent price declines for both commodities. Rigs exploring and producing in the U.S. totaled 1,557 for the week ended July 2, 2010. This is up by 5 from the previous week’s rig count and represents the highest level achieved this year. The current nation-wide rig count is 78% higher from the 2009 low of 876 (set in the week ended June 12, 2009) and significantly exceeds the prior-year level of 928. It rose to a 22-year high in 2008, peaking at 2,031 in the weeks ending August 29 and September 12. Natural Gas Rig ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/07/06/bhi-u-s-oil-natural-gas-drilling-rig-count-inches-ahead/42627/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BHI) U.S Drilling Rig Count Continues Moving Up</title>
		<link>http://www.stockbloghub.com/2010/06/21/bhi-u-s-drilling-rig-count-continues-moving-up/40863</link>
		<comments>http://www.stockbloghub.com/2010/06/21/bhi-u-s-drilling-rig-count-continues-moving-up/40863#comments</comments>
		<pubDate>Mon, 21 Jun 2010 13:28:27 +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[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[commodities]]></category>
		<category><![CDATA[Diamond Offshore Drilling Inc]]></category>
		<category><![CDATA[DO]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Ensco International Inc]]></category>
		<category><![CDATA[ESV]]></category>
		<category><![CDATA[Helmerich & Payne Inc]]></category>
		<category><![CDATA[HP]]></category>
		<category><![CDATA[Nabors Industries Limited]]></category>
		<category><![CDATA[NBR]]></category>
		<category><![CDATA[NE]]></category>
		<category><![CDATA[Noble Corporation]]></category>
		<category><![CDATA[Patterson-UTI Energy Inc]]></category>
		<category><![CDATA[PDE]]></category>
		<category><![CDATA[Pride International Inc]]></category>
		<category><![CDATA[PTEN]]></category>
		<category><![CDATA[RDC]]></category>
		<category><![CDATA[RIG]]></category>
		<category><![CDATA[Rowan Companies Inc]]></category>
		<category><![CDATA[Transocean Limited]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=40863</guid>
		<description><![CDATA[In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country), reflecting intensified drilling activity in Texas. This was partly offset by the growing oil spill in the U.S. Gulf of Mexico (GoM) and the ensuing drilling ban in the region that reduced activity. Rigs operating in the state of Texas climbed to their highest level in 16 months, while rig count in the GoM plunged further to a new 16-year low of 17 rigs (after dropping by a whopping 57% over the last two weeks). Rigs exploring and producing in the U.S. totaled 1,539 for the week ended June 18, 2010. This is up by 12 from the previous ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/06/21/bhi-u-s-drilling-rig-count-continues-moving-up/40863/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BHI) U.S. Rig Count Up Despite BP Spill</title>
		<link>http://www.stockbloghub.com/2010/06/14/bhi-u-s-rig-count-up-despite-bp-spill/40379</link>
		<comments>http://www.stockbloghub.com/2010/06/14/bhi-u-s-rig-count-up-despite-bp-spill/40379#comments</comments>
		<pubDate>Mon, 14 Jun 2010 19:43:16 +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[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[commodities]]></category>
		<category><![CDATA[Diamond Offshore Drilling Inc]]></category>
		<category><![CDATA[DO]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Ensco International Inc]]></category>
		<category><![CDATA[ESV]]></category>
		<category><![CDATA[Helmerich & Payne Inc]]></category>
		<category><![CDATA[HP]]></category>
		<category><![CDATA[Nabors Industries Limited]]></category>
		<category><![CDATA[NBR]]></category>
		<category><![CDATA[NE]]></category>
		<category><![CDATA[Noble Corporation]]></category>
		<category><![CDATA[Patterson-UTI Energy Inc]]></category>
		<category><![CDATA[PTEN]]></category>
		<category><![CDATA[RDC]]></category>
		<category><![CDATA[RIG]]></category>
		<category><![CDATA[Rowan Companies Inc]]></category>
		<category><![CDATA[Transocean Limited]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=40379</guid>
		<description><![CDATA[In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country), reflecting intensified drilling activity in Texas . This was partly offset by the growing oil spill in the U.S. Gulf of Mexico (GoM) and ensuing drilling ban in the region that pared back activity. Rigs operating in the state of Texas climbed to their highest level in 16 months, while rig count in the GoM plunged further to a 16-year low of 20 (after dropping by a whopping 50% last week). Rigs exploring and producing in the U.S. totaled 1,527 for the week ended June 11, 2010. This is up by 21 from the previous week’s rig count and ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/06/14/bhi-u-s-rig-count-up-despite-bp-spill/40379/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BHI) U.S. Gulf of Mexico Drilling Ban Pulls Down U.S. Rig Count</title>
		<link>http://www.stockbloghub.com/2010/06/07/bhi-u-s-gulf-of-mexico-drilling-ban-pulls-down-u-s-rig-count/39571</link>
		<comments>http://www.stockbloghub.com/2010/06/07/bhi-u-s-gulf-of-mexico-drilling-ban-pulls-down-u-s-rig-count/39571#comments</comments>
		<pubDate>Mon, 07 Jun 2010 21:46:40 +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[BP]]></category>
		<category><![CDATA[BP plc]]></category>
		<category><![CDATA[Diamond Offshore Drilling Inc]]></category>
		<category><![CDATA[DO]]></category>
		<category><![CDATA[Ensco International Inc]]></category>
		<category><![CDATA[ESV]]></category>
		<category><![CDATA[Helmerich & Payne Inc]]></category>
		<category><![CDATA[HP]]></category>
		<category><![CDATA[Nabors Industries Limited]]></category>
		<category><![CDATA[NBR]]></category>
		<category><![CDATA[NE]]></category>
		<category><![CDATA[Noble Corporation]]></category>
		<category><![CDATA[Patterson-UTI Energy Inc]]></category>
		<category><![CDATA[PTEN]]></category>
		<category><![CDATA[RDC]]></category>
		<category><![CDATA[RIG]]></category>
		<category><![CDATA[Rowan Companies Inc]]></category>
		<category><![CDATA[Transocean Limited]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=39571</guid>
		<description><![CDATA[In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a fall in the U.S. rig count (number of rigs searching for oil and gas in the country), reflecting the growing oil spill in the U.S. Gulf of Mexico (GoM) and ensuing drilling ban in the region that pared back activity. In fact, rigs operating in the GoM plunged by 50% this week to a 16-year low of 23. Rigs exploring and producing in the U.S. totaled 1,506 for the week ended June 4, 2010 (as clear from the first chart below from Baker Hughes). This is down by 29 from the previous week’s tally and represents the first decline in six weeks. However, the current nationwide rig count is 72% higher from the 2009 low of ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/06/07/bhi-u-s-gulf-of-mexico-drilling-ban-pulls-down-u-s-rig-count/39571/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(PDE) Pride International Quarterly Earnings Beat Expectations</title>
		<link>http://www.stockbloghub.com/2010/05/03/pde-pride-international-quarterly-earnings-beat-expectations/35916</link>
		<comments>http://www.stockbloghub.com/2010/05/03/pde-pride-international-quarterly-earnings-beat-expectations/35916#comments</comments>
		<pubDate>Mon, 03 May 2010 21:36:16 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[HAL]]></category>
		<category><![CDATA[Halliburton Company]]></category>
		<category><![CDATA[PDE]]></category>
		<category><![CDATA[Pride International Inc]]></category>
		<category><![CDATA[RDC]]></category>
		<category><![CDATA[RIG]]></category>
		<category><![CDATA[Rowan Companies Inc]]></category>
		<category><![CDATA[Schlumberger Limited]]></category>
		<category><![CDATA[SLB]]></category>
		<category><![CDATA[Transocean Limited]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=35916</guid>
		<description><![CDATA[Pride International Inc. (PDE) reported significantly better-than-expected first quarter results. Quarterly earnings was 45 cents per share, compared with the Zacks Consensus Estimate of 30 cents and the year-earlier earnings of 84 cents. The company expects second-quarter earnings per share in the range of 30 cents to 35 cents. Though the results came in above our expectations on lower operating costs and out-of-service time, it was lower than the year-earlier level due to weak utilization rates across all rig segments. However, a sequential improvement in utilization and dayrates is notable for all segments except jackup. In the offshore drilling space, Pride competes with players such as Schlumberger (SLB), Halliburton (HAL), Transocean (RIG) and Rowan Companies (RDC). Segmental Performance Revenue from Pride’s Deepwater fleet was $220.8 million, up nearly 24% sequentially. ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/05/03/pde-pride-international-quarterly-earnings-beat-expectations/35916/feed</wfw:commentRss>
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		<title>(RDC) Rowan Companies Beats Consensus Estimates</title>
		<link>http://www.stockbloghub.com/2010/03/01/rdc-rowan-companies-beats-consensus-estimates/29386</link>
		<comments>http://www.stockbloghub.com/2010/03/01/rdc-rowan-companies-beats-consensus-estimates/29386#comments</comments>
		<pubDate>Mon, 01 Mar 2010 23:36:20 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[RDC]]></category>
		<category><![CDATA[Rowan Companies Inc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=29386</guid>
		<description><![CDATA[Rowan Companies Inc. (RDC) reported better-than-expected fourth quarter 2009 results. Quarterly earnings were 52 cents per share versus the Zacks Consensus Estimate of 50 cents and year-earlier earnings of $1.28. Revenue for the quarter was $399.8 million, down approximately 35% year over year. Though the earnings came in above expectations on the back of an increase in the U.S. land rig and worldwide jackup activity as well as lower operating costs, the year-over-year negative comparison was due to several factors Incorporatedluding significantly lower rig utilization rate and lower dayrates in some regions. Estimate Revisions Trend We see an uptrend in estimate revisions. In the last 30 days, 7 of the 26 analysts covering the stock have raised their estimates for full fiscal 2010, while only one analyst moved in the ]]></description>
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