With the exception of Chesapeake, which is seen as primarily a natural gas company with lots of problems, the oil and gas firms are not heavily shorted. Nobody really thinks the price…
Oil and gas driller Nabors Industries Ltd. (NYSE: NBR) warned this morning that the company expects second-quarter operating results to miss consensus estimate, mainly as a result of higher costs: The shortfall…
EU leaders set a tentative plan to recapitalize troubled banks directly with funds meant to be loaned for sovereign bailouts. (Reuters) Stockton, Calif., files for bankruptcy. (Reuters) Research In Motion (NASDAQ: RIMM)…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Friday. American Eagle Outfitters (NYSE: AEO) named Bull of the Day at Zacks.…
It was just a couple of days ago that oil was trading around $105 per barrel for West Texas Intermediate crude. Now the talk has migrated away from geopolitical risks associated with Iran. …
Goldman Sachs (NYSE: GS) tries to end a legal case concerning fraud in its CDO sales. (Reuters) China’s factory activity slows, as evidenced by the HSBC flash PMI of 48.1, a low reading. (Reuters) A…
Today’s falling crude prices are having an impact on stocks in the oil field services companies today. Schlumberger Ltd. (NYSE: SLB), Halliburton Co. (NYSE: HAL), Baker Hughes Inc. (NYSE: BHI), Weatherford International…
Stocks opened down this morning following on weakness in Europe following the G20’s refusal to provide additional funding to the IMF. But at the end of the first hour of trading, a…
Earnings season is mostly behind us, but we do have some sector-moving earnings next week. For Monday, the top earnings are from Charter Communications, Inc. (NASDAQ: CHTR), Dendreon Corporation (NASDAQ: DNDN), Lowe’s…
Now that the Japanese partner of BP plc (NYSE: BP), Mitsui & Co’s MOEX, settled claims against it for its portion of the Macondo well explosion that killed 11 people and dumped…
A federal judge in New Orleans has ruled that BP plc (NYSE: BP) must pay some claims against Halliburton Co. (NYSE: HAL) related to the Gulf of Mexico disaster that killed 11…
Following favorable ruling in federal court last night, shares of Transocean Ltd. (NYSE: RIG) are up nearly 2.5% in mid-morning trading at $48.42 in a 52-week range $38.21-$85.98. BP plc (NYSE: BP),…
A federal judge in New Orleans has ruled that Transocean Ltd. (NYSE: RIG) is indemnified from paying compensatory damages related to the explosion and sinking of its Deepwater Horizon platform that killed…
Greece and its creditors are close to a deal on the nation’s debt swap. (Reuters) A judge rules that some of the Gulf spill costs to be covered by Transocean (NYSE: RIG) will…
Transocean Ltd. (NYSE: RIG) is running higher in the after-hours after the WSJ reported that a federal judge has now ruled that BP PLC (NYSE: BP) is going to be required to indemnify Transocean…
