thinkstockLooking back on 2012, it is hard to discern the biggest story in the oil and gas sector. The reshuffling of assets was certainly a contender, as was the huge growth in…
ThinkstockLast night’s agreement on a fiscal cliff deal is lifting the commodities markets this morning, especially for crude oil. Traders are reacting to the now-lessened chance of a global recession led by…
ThinkstockThe latest data from Baker Hughes Inc. (NYSE: BHI) shows that drilling rig counts in North America are down by 59 from a week ago and 256 from the comparable period a…
ThinkstockLooking back on 2012, it is hard to discern the biggest story in the oil and gas sector. The reshuffling of assets is certainly a contender, as is the huge growth in…
ThinkstockThe world’s largest oil field services firm, Schlumberger Ltd. (NYSE: SLB) issued an update on fourth-quarter operations that lowers the company’s earnings per share (EPS) forecast by $0.05 to $0.07 per share.…
U.S. equity markets opened higher this morning following comments after Friday’s meeting between President Obama and Congressional leaders to discuss ways of dodging the fiscal cliff. Some were also expecting negotiations to…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall St. research calls this Monday. Agilent Technologies Inc. (NYSE: A) raised to Buy at Goldman Sachs. Altria…
U.S. equity markets opened higher this morning but quickly turned south and bounced around lower all day. In Europe, the eurozone notched its second consecutive quarter of negative GDP growth, tossing the…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall St. research calls this Thursday. Abercrombie & Fitch Co. (NYSE: ANF) raised to Outperform at William Blair…
ThinkstockWeatherford International Inc. (NYSE: WFT) reported third-quarter 2012 results after markets closed last night. For the quarter, the oil field services company posted revenues of $3.82 billion. In the same period a…
Schlumberger Ltd. (NYSE: SLB) and Baker Hughes Inc. (NYSE: BHI) reported third-quarter results before markets opened this morning. Both of the oil field services firms missed estimates for quarterly revenues, though Schlumberger’s…
The three major U.S. stock indexes opened lower this morning, and never really got untracked all day. Spanish 10-year bond yields fell 28 basis points to around 5.51%, while Spain again demurred…
Halliburton Co. (NYSE: HAL) reported fiscal third-quarter results before markets opened this morning. For the quarter, the oil and gas services company posted adjusted diluted earnings per share (EPS) of $0.67 on…
The three major U.S. stock indexes opened higher this morning following a report that economic sentiment in Germany came in better than expected (more coverage here) and that U.K. inflation was lower…
The number of oil and gas drilling rigs in the U.S. is down by 188 at last count, with gas drilling rigs down by 514 and oil rigs up by 331. The…
