Chevron Corporation (NYSE:CVX) already gave its severe earnings warning and we have already seen layoffs coming out of Schlumberger Limited (NYSE: SLB). and its dragging down share prices for the other oil…
Chevron Corp. (NYSE: CVX) has just laid the second ground-breaking path in the oil sector today. It lowered guidance "significantly." We already noted pending layoffs at Schlumberger Limited (NYSE: LTD), but this…
If you have somehow managed to be out since last summer when the oil boom was still in full-speed, there is one issue you would not have guessed was coming this quick:…
Oil field services company Weatherford International Ltd. (NYSE:WFT) announced that it has begun offering Senior Notes due in 2019. A subsidiary of Weatherford "will fully and unconditionally guarantee the notes on a…
Energy stocks have taken a pounding since crude oil prices started falling in July. In virtually every part of the energy business, share prices for the premiere companies are off by as…
Oil field services giant Schlumberger (NYSE:SLB) confirmed yesterday that its gross profit for the full 2008 fiscal year would come in below analysts" estimates. The stock closed off about 3% yesterday and…
Douglas A. McIntyre One oilfield services giant, Schlumberger (NYSE:SLB), and one large oilfield services and well manufacturing company, National Oilwell Varco (NYSE:NOV), have announced plans to form a joint venture focused on intelligent well-drilling. National…
These are some of the top pre-market upgrades from analysts which we have seen in the early hours this Monday morning: Acorda Therapeutics (ACOR) Raised to Outperform at Baird. Biogen Idec (BIIB)…
According to Reuters, policy makers around the world are trying to deal with the fact that the economy is moving into a deep recession. Reuters writes that Google (GOOG) exceeded forecasts and…
In a perhaps late research call in the oilpatch, Goldman Sachs has downgraded the exploration & production sector to Neutral from attractive and downgraded the oil services sector to Neutral from Attractive. …
As you will see below, there were many key changes to short sales in oil stocks. Some of these would have been expected to have gone up because oil was so weak. …
Ken Heebner of the CGM Focus Fund (CGMFX) has made a game-changing move in his portfolio. In a CNBC interview with Erin Burnett, Heenber was asked about his positions in two key…
Douglas A. McIntyre Less than a month ago, we published a story on oilfield services companies and how their stocks had fallen along with the price of crude. Their stocks should be doing better considering…
Oil Services are deemed by many market pundits as being more insulated than integrated oils, refiners, and other sub-sectors of the energy sector for oil and gas. While these frequently move in-line…
While many funds and money managers are under watch, Ken Heebner and the investments in his CGM FOCUS FUND (CGMFX) are perhaps more closely watched than any other in today’s current market. …
