Market News

Helmerich & Payne, Inc. (HP)

HP (NYSE: HPQ), the world’s leading PC company, today announced Windows® 7 will be available across its portfolio of consumer and business PCs after midnight tonight. In addition, HP will provide customers with advanced tools and services to assist their transition to the new operating system.

Oct 21 · 3:34:00 PM · Source: Business Wire
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter

Bolt Technology Corporation (BOLT)

Bolt Technology Corporation (NASDAQ: BOLT) today announced that for the first quarter of fiscal year 2010 -- the three months ended September 30, 2009 -- sales amounted to $7,033,000 compared to $11,263,000 for the first quarter last year. Net income for the quarter amounted to $1,178,000 ($0.14 per share) compared to $2,280,000 ($0.27 per share) for the first quarter last year.
Raymond M. Soto, Bolt’s chairman, president and CEO, commented, “Our operating results for the first quarter of fiscal 2010 reflect the impact of lower marine seismic exploration activity caused by the global economic slowdown

Oct 21 · 10:09:00 AM · Source: Business Wire
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter

Chevron (CVX)

Chevron Argentina S.R.L., a producer of oil and natural gas and a wholly-owned subsidiary of Chevron Corporation, has entered into preliminary discussions to sell certain properties located in Argentina to GeoPark Holdings Limited.
GeoPark Holdings is a Bermuda-based oil and gas exploration and production company.

Oct 20 · 4:32:00 PM · Source: Trading Markets
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

ConocoPhillips (COP)

ConocoPhillips’ CEO Jim Mulva said he expects it will be hard for crude supply to meet demand in the years ahead, with output possibly peaking below 100 million barrels per day.
Mulva told reporters at the sidelines of the Oil and Money conference in London, "It's going to be very difficult to get up towards 100 million barrels."

Oct 20 · 3:11:00 PM · Source: Reuters
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

Baker Hughes (BHI)

Baker Hughes and BJ Services Company announced the receipt of a request from the Antitrust Division of the Department of Justice for additional information (commonly known as a second request) with respect to Baker Hughes' proposed merger with BJ Services Company.
Both companies intend to comply with the request promptly.

Oct 15 · 11:35:00 AM · Source: Reuters · Related: BJ Services
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

ConocoPhillips (COP)

ConocoPhillips announced that it will sell non-strategic assets in which it is not the operator or has a minority interest. This is part of a recently announced restructuring plan.
A UBS-prepared note says that ConocoPhilips has identified $20 billion in assets that will allow them to achieve its $10 billion divestiture target.

Oct 14 · 3:05:00 PM · Source: The Wall Street Journal
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

Baker Hughes (BHI)

Baker Hughes, Inc announced the number of rigs searching for oil and gas in the U.S rose for the week ended October 9.
This represents an increase in drilling activity by the producers fueled by the recent run up in commodity prices. The overall picture, though, remains weak, particularly for natural gas, whose inventories have recently hit a new record high of 3.66 trillion cubic feet (Tcf) and is threatening to test the maximum capacity of 3.89 Tcf. The supply picture is expected to reverse in the coming months as the lagging effect of the sharp drop in domestic drilling activity takes hold.

Oct 14 · 12:30:00 PM · Source: Business Wire
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

Previous · Next