Canadian-based oil & gas producer Encana Corp. (NYSE: ECA) announced today that it planned to expand its 2012 capital spending budget by $600 million in order for the company “to take advantage…
Oil field services company Weatherford International Ltd. (NYSE: WFT) has won a contract worth $843 million to build six crude oil production facilities at Iraq’s Zubair field in the south of the…
Halliburton Company (NYSE: HAL) shares were up almost 2% ahead of the company’s operational update. The stock was halted for this update and the stock is now in the red, but it is…
As oil went from $105 to under $85 in just over a month, you can imagine that the drop was not too good for Big Oil. In fact, the news was pretty…
The month-long slide in crude oil prices has chopped the share price of many of the biggest names in the oil patch. Exxon Mobil Corp. (NYSE: XOM) is about -4% in the…
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. …
The oilfield services companies are on a roll. Well, sort of. Expectations had been lowered so much coming into this earnings season that every one is able to clear the lowered bar.…
Schlumberger Limited (NYSE: SLB) has managed to beat earnings and probably put some fears to rest in the oil services businesses. Many key companies in this sector have seen their shares battered…
Markets opened flat to lower this morning and stayed right around the break-even line most of the morning. The report on factory orders was weaker than expected(our coverage here), although new car…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Tuesday. Apple Inc. (NASDAQ: AAPL) Started as Buy at Auriga; target raised to…
Markets opened about higher this morning following a flat close in Asia and a bit of enthusiasm in Europe following a manufacturing survey from Germany (our coverage here). Then Fed Chairman Ben…
ThinkstockAt an energy conference in New Orleans today, the CEO of Schlumberger Ltd. (NYSE: SLB) said that downward pressure on prices for the company’s hydraulic fracturing (fracking) services will have a negative…
Oil field services firm Baker Hughes Inc. (NYSE: BHI) this morning announced that it is cutting its first quarter 2012 operating profit before tax margins in both its US and international operations.…
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…
Of the companies that have so far reported earnings for the last quarter, five from the materials sector have posted surprise earnings upside of more than 15%. That’s according to S&P Capital…
