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Halliburton & Baker Hughes Failed To Provide European Regulators With Requested Information, Final Decision On Merger Will Be Extended
Monday, February 22, 2016 - 10:32am | 198Read More...European Union regulators decided on Thursday to delay the approval process of Halliburton Company (NYSE: HAL)'s merger with Baker Hughes Incorporated (NYSE: BHI), according to Reuters. Reuters reported that both Halliburton and Baker Hughes failed to provide requested details to the...
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Report: Halliburton Plans On Selling Baker Hughes' Offshore Fluids Unit
Tuesday, February 9, 2016 - 3:18pm | 159Read More...According to Bloomberg, Halliburton Company (NYSE: HAL) plans on selling Baker Hughes Incorporated (NYSE: BHI)'s offshore drilling and completions fluids division and the bulk of its completion systems to appease antitrust regulators who have yet to sign off on the $35 billion mega merger....
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Baker Hughes Falls To New 52-Week Low Following Release Of December 2015 Rig Counts
Friday, January 8, 2016 - 1:10pm | 128Read More...Shares of Baker Hughes Incorporated (NYSE: BHI) hit a new 52-week low of $41.53 on Friday after the company released its December 2015 rig counts. Baker Hughes said that its international rig count for December, 2015 totaled 1,095. This marked a decrease of 14 rigs from November and a decrease...
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U.S. Rig Count Falls For Ninth Straight Week
Friday, October 30, 2015 - 2:26pm | 464Read More...U.S. oil rig counts fell by 16 this week, the ninth consecutive week of declines. A Reuters survey also indicates that OPEC production declined modestly in the month of October. Crude oil prices are on pace to finish the week higher after two straight weeks of declines. This week’s Baker...
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U.S. Rig Count Falling, International Tensions Rising In Oil Market
Friday, October 16, 2015 - 2:54pm | 503Read More...U.S. crude oil rig counts fell by 10 this week. Tensions remain high in Syria between the United States, Russia and other members of the international community. The U.S. Ambassador to the UN has condemned Iran’s recent missile testing as a “clear violation” of a testing ban....
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Re-Fracking: A Bright Spot For The Energy Sector
Tuesday, July 7, 2015 - 3:45pm | 387Read More...If at first you don't succeed, frack, frack again. As oil and gas prices remain collapsed, Bloomberg analyst Peter Pulikkan said in a recent report that re-fracking old shale wells "presents an irresistible opportunity" for U.S. energy companies. The Evidence A Bloomberg study of 80 wells in...
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What Wall Street Is Saying About Halliburton
Tuesday, April 21, 2015 - 8:46am | 340Read More...Halliburton Company (NYSE: HAL) on Monday reported its first quarter results in which both earnings per share and revenue were reported higher than analysts expected. Bank Of America: Onshore Recovery, Long-Term Benefits In a report published Monday, Bank of America analyst Douglas Becker...
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Stephens Says Baker Hughes' Deal Structure With Halliburton Provides Downside Protection, Long-Term Upside
Wednesday, April 8, 2015 - 11:35am | 218Read More...In a report published Wednesday, Stephens analyst Matthew Marletta initiated coverage of Baker Hughes Incorporated (NYSE: BHI) with an Overweight rating and $76 price target given a degree of protection and insulation from a volatile marketplace. Marletta said that the structure of the acquisition...
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Halliburton CEO On Baker Hughes Merger: 'The Feedback Has Been Unanimous, It Has Been Positive'
Tuesday, November 18, 2014 - 1:46pm | 235Read More...While Baker Hughes Incorporated (NYSE: BHI) stock skyrocketed on Monday when the news of its acquisition from Halliburton Company (NYSE: HAL) became public, Halliburton stock slumped. The company's CEO, David Lesar, was on CNBC Tuesday to answer questions surrounding the deal. “We...
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Morgan Stanley Says Schlumberger Likely To Remain Industry Leader Following Halliburton-Baker Hughes Deal
Tuesday, November 18, 2014 - 9:20am | 197Read More...Following Halliburton Company's (NYSE: HAL) acquisition of Baker Hughes Incorporated (NYSE: BHI) on Monday, Ole Slorer of Morgan Stanley commented that the deal may still not be enough to become an industry leader. According to Slorer, the cost to acquire Baker Hughes represents a "steep premium"...
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U.S. Markets Recover From Early-Day Losses As Japan's Economy Contracts
Monday, November 17, 2014 - 5:46pm | 862Read More...U.S. markets opened in negative territory to start the week following news reports that Japan's economy unexpectedly contracted in the third quarter. U.S. stocks rebounded after the European Central Bank's President Mario Draghi stating that the central bank remains "unanimous in...
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#PreMarket Primer: Friday, November 14: Tensions At All-Time High For G20 Summit
Friday, November 14, 2014 - 8:22am | 1241Read More...Over the weekend, leaders from the "Group of 20" will meet in Australia to discuss global issues. The meeting is expected to highlight the growing tension between the West and Russia as accusations that Russia has ramped up its military presence in Ukraine weigh on political...
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Credit Suisse Recommends Investments In Halliburton, Schlumberger, Baker Hughes, Weatherford International
Monday, November 10, 2014 - 9:52am | 266Read More...In a note to clients on Monday, James Wicklund of Credit Suisse explained the benefits of buying certain companies in the oil sector, despite declining oil prices. "Due to the hyperbolic decline rates of unconventional production, U.S. supply growth will slow and the back-end of the...
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Dow's Losing Streak Now Stands At 6 Days, S&P 500 And Nasdaq Slightly Positive
Thursday, October 16, 2014 - 5:07pm | 2915Read More...U.S. stocks were mixed on Thursday as the Dow Jones index traded lower by 206 points before recouping most of these losses. However, the index closed the day in negative territory for the sixth straight day, despite encouraging U.S. labor data being reported. Speaking to Bloomberg, St. Louis...
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5 Oil Stocks To Watch Before Labor Day Weekend
Wednesday, August 27, 2014 - 8:53am | 922Read More...Judging by the consensus price targets, or where analysts expect share prices to go, U.S. oil companies in various categories with the largest upside potential include supermajor Chevron (NYSE: CVX), independent Cabot Oil & Gas (NYSE: COG), refiner Marathon Petroleum (NYSE: MPC), services...
