All Posts Tagged With: "SII"
(SII) Schlumberger International Analyst Maintains Neutral Rating
Following the completion of the Smith International Inc. (SII) merger, we maintain our Neutral recommendation for Schlumberger Limited (SLB) shares as we believe that the investment case has not changed to that tune. While the merger diversifies the company’s offerings, the...
13Sep2010 | vitalstocks | 0 comments | Continued(SLB) Schlumberger Limited Completes Smith International Merger
Schlumberger Limited (SLB) completed its proposed merger with Smith International Inc. (SII) last Friday. The closure of the deal follows Smith shareholders’ vote in favor of the merger on August 24. Schlumberger’s superior product line will further be diversified through...
30Aug2010 | vitalstocks | 0 comments | Continued(SII) Smith International Wins Contract With Chevron Subsidiary
Smith International Inc. (SII) has been awarded a significant multi-service contract by Cabinda Gulf Oil Company Limited, a subsidiary of Chevron Corporation (CVX). The contract is entrusted to one of the three reportable segments of Smith ? M-I SWACO. The M-I SWACO segment is...
18Apr2010 | vitalstocks | 0 comments | Continued(SLB) Schlumberger-Smith International Merger Faces Longer Review
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 “second...
7Apr2010 | vitalstocks | 0 comments | Continued(SII) Schlumberger Limited Buys Geoservices From Astorg
Following the announcement of acquisition of Smith International Inc (SII), Schlumberger Limited (SLB) is now acquiring privately held Geoservices for $1.07 billion from Astorg Partners. Geoservices is a French oilfield services company that specializes in mud logging and production...
25Mar2010 | vitalstocks | 0 comments | Continued(SLB) Schlumberger Acquires Smith International
The oilfield services giant Schlumberger Ltd. (SLB) has acquired lesser rival Smith International Inc. (SII) for approximately $11 billion in an all-stock deal, which is the biggest acquisition in the United States so far this year. The Wall Street Journal had reported on Friday...
23Feb2010 | vitalstocks | 0 comments | Continued(SII) Smith International to Buy @ Balance from Shell Technology Ventures
Smith International Inc. (SII) is planning to acquire @ Balance from Shell Technology Ventures Fund 1 B.V. Based in The Netherlands, @ Balance is a leading supplier of Automated Pressure DrillingTM services and the exclusive provider of the Dynamic Annular Pressure ControlTM...
15Feb2010 | vitalstocks | 0 comments | Continued(SII) Smith International Plans Acquisitions
Smith International Inc. (SII), a major oilfield services company, expects to spend approximately $350 million on acquisitions in this quarter, following the company’s last year’s $700 million-plus stock issue. In addition to acquisition initiatives, the company also intends...
8Feb2010 | vitalstocks | 0 comments | Continued(SII) Smith International Misses Estimates by a Penny
Smith International Inc. (SII) reported fourth quarter 2009 earnings of 9 cents per share, versus the Zacks Consensus Estimate of 10 cents and the year-earlier performance of $1.00. For the full year 2009, the company reported earnings of 81 cents, a penny below the Zacks Consensus...
27Jan2010 | vitalstocks | 0 comments | Continued(BHI) U.S. Drilling Rig Count Climbs Again
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country), reflecting intensified drilling activity by the producers in response to higher commodity prices. Rig...
25Jan2010 | vitalstocks | 0 comments | Continued(DD) A Very Busy Week Ahead – Earnings Preview
Earnings Preview 1/22/10 Next week is the heart of the 4Q09 earnings season. There will be a total of 503 firms reporting including 136 members of the S&P 500, and fully one third of the Dow 30. These will include such bellwethers as DuPont (DD), Johnson & Johnson (JNJ),...
23Jan2010 | vitalstocks | 0 comments | Continued($BHI) Gas Rig Count Hits 10-Month High
According to data from Houston-based oilfield services company Baker Hughes Inc. (BHI), the number of rigs searching for oil and gas in the U.S. rose for the week ended Jan. 15, 2010, reflecting intensified drilling activity by the producers in response to higher commodity prices. As...
18Jan2010 | vitalstocks | 0 comments | Continued(BHI) Weekly U.S. Drilling Rig Count Grows by 31
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 ramped-up drilling activity by producers in response to the recent optimism about...
11Jan2010 | vitalstocks | 0 comments | Continued(SII) Smith International Gets Petrobras Contract
Smith International (SII) through one of its subsidiaries – PathFinder Energy Services – won a contract from Brazil’s oil giant Petrobras (PBR). The contract represents an estimated $80 million to $100 million of revenue over the 3-year term. PathFinder will also buy all...
6Jan2010 | vitalstocks | 0 comments | Continued(BHI) U.S. Drilling Rig Rig Count Jumps by 32
According to data from Houston-based oilfield services company Baker Hughes Inc. (BHI), the number of rigs searching for oil and gas in the U.S. rose for the week ended Dec. 18, reflecting intensified drilling activity by the producers amid recent optimism about an economic recovery...
21Dec2009 | vitalstocks | 0 comments | Continued(BHI) U.S. Oil Rig Count Grows by 20
In its weekly release on Friday, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported another rise in the number of rigs searching for oil and gas in the U.S., reflecting ramped-up drilling activity by the producers amid recent optimism about an economic recovery...
14Dec2009 | vitalstocks | 0 comments | Continued($BHI) U.S. Oil and Natural Gas Rig Growth Continues
According to data from Baker Hughes Inc. (BHI), the number of rigs searching for oil and gas in the U.S. rose for the week ended Dec. 4, reflecting ramped-up drilling activity by the producers amid recent optimism about an economic recovery and higher prices relative to last...
7Dec2009 | vitalstocks | 0 comments | Continued(BHI) U.S. Drilling Rigs Increase for 6th Week
In its weekly release on Friday, Baker Hughes Inc. (BHI) reported another rise in the number of rigs searching for oil and gas in the U.S., reflecting ramped up activity by the producers in response to higher prices amid recent optimism about economic recovery. Rigs exploring...
30Nov2009 | vitalstocks | 0 comments | Continued(BHI) U.S. Oil and Gas Rig Count Hits 8-Month High
According to data from Baker Hughes Inc. (BHI), the number of rigs searching for oil and gas in the U.S. rose for the week ended Nov. 20, reflecting ramped-up drilling activity by the producers amid recent optimism about economic recovery. As shown in the first chart below from...
23Nov2009 | vitalstocks | 0 comments | Continued(CEO) Oil & Gas Industry – Industry Outlook
OUTLOOK The improving economic scene, both here in the U.S. as well as worldwide, is the main driver of the current oil rally that has seen the commodity settling around the $80 per barrel level. But high levels of product inventories (particularly gasoline), along with still...
7Nov2009 | vitalstocks | 0 comments | Continued(SII) Smith International Badly Misses Estimates
Smith International Inc. (SII) reported its third quarter 2009 results of 7 cents per share versus the Zacks Consensus Estimate of 15 cents and year-earlier earnings of $1.01. The significant fall was due to a challenging North American natural gas market that contributed to...
1Nov2009 | vitalstocks | 0 comments | Continued($BHI) Marginal Slip in Active U.S. Oil and Gas Drilling Rig Count
In its weekly release on Friday, Baker Hughes Inc. (BHI) reported a slight dip in the number of rigs searching for oil and gas in the U.S., as producers restricted their drilling activities in response to the current supply overhang in the natural gas market. The number of units...
19Oct2009 | vitalstocks | 0 comments | Continued(BHI) U.S. Rig Count Continues to Climb
According to data from Baker Hughes Inc. (BHI), the number of rigs searching for oil and gas in the U.S. rose for the week ended Oct. 9, reflecting ramped up drilling activity by the producers amid recent optimism about commodity price recovery. As shown in the first chart below...
12Oct2009 | vitalstocks | 0 comments | Continued(BHI) Another Gain in U.S. Drilling Rig Count
In its weekly release on Friday, Baker Hughes Inc. (BHI) reported another rise in the number of rigs searching for oil and gas in the U.S., as producers ramped up drilling activity in anticipation of better prices. The number of units exploring and producing in the U.S. climbed...
6Oct2009 | vitalstocks | 0 comments | Continued(BHI) U.S. Oil Drilling Rig Count Reverses Gain
According to data from Baker Hughes Inc. (BHI), the number of rigs searching for oil and gas in the U.S. fell for the week ended Sept. 11, reflecting scaled back drilling activity by the producers. As shown in the first chart below from Baker Hughes, rigs exploring and producing...
14Sep2009 | vitalstocks | 0 comments | Continued(BHI) Baker Hughes Reports U.S. Rig Count Climbing
In its weekly release on Friday, Baker Hughes Inc. (BHI) reported another rise in the number of rigs searching for oil and gas in the U.S., reflecting ramped up activity by the producers. Rigs exploring and producing in the U.S. climbed to 1,009 for the week ended Sept. 4 (as...
8Sep2009 | vitalstocks | 0 comments | Continued