Petrobras to Form Restructuring Plans to Save $500M Annually
Zacks Equity Research - Zacks Investment Research - Thu Mar 31, 2:10PM CDT
According to a report published by Reuters, Petroleo Brasileiro SA (PBR.A), one of the largest integrated energy firms in Latin America, is formulating a reorganization plan to save $500 million a year.
PBR.A: 4.90 (-0.19), SSL: 27.39 (-0.12), SXC: 5.74 (-0.57), VNR: 1.39 (+0.01)
Stock Market Roundup: SHAK Slumps, SUNE Soars, Natural Gas Tanks
Ryan McQueeney - Zacks Investment Research - Tue Mar 08, 4:11PM CST
Here is everything you need to know about the stock market on March 8, 2016.
SHAK: 33.46 (-1.49), PBR.A: 4.90 (-0.19), SUNE: 0.34 (unch), AEO: 15.28 (-0.23), JCP: 8.08 (-0.12), VSLR: 2.95 (-0.24), ZFC: 14.15 (-0.02), SWHC: 22.88 (+1.47)
Is This the Right Time to Dump Patterson-UTI (PTEN) Stock?
Zacks Equity Research - Zacks Investment Research - Mon Mar 07, 3:10PM CST
On Mar 4, Zacks Investment Research downgraded the oil and gas drilling company Patterson-UTI Energy, Inc. (PTEN) to a Zacks Rank #5 ( Strong Sell).
BAK: 11.30 (-0.16), PBR.A: 4.90 (-0.19), SPWR: 15.23 (-0.37), PTEN: 20.81 (-0.26)
McDermott Wins Pipeline Installation Project in the Middle East
Zacks Equity Research - Zacks Investment Research - Fri Mar 04, 12:30PM CST
Offshore oil and gas-focused engineering and construction firm, McDermott International Inc. (MDR) has signed a deal with an upstream oil and gas operator for pipeline installation in the Middle East.
BAK: 11.30 (-0.16), MDR: 4.60 (-0.14), PBR.A: 4.90 (-0.19), SPWR: 15.23 (-0.37)
Petrobras in Talks to Sell 67.2% Argentine Unit Stake to Pampa
Zacks Equity Research - Zacks Investment Research - Thu Mar 03, 1:35PM CST
Petroleo Brasileiro SA (PBR.A), one of the largest integrated energy firms in Latin America, is in talks with Pampa Energia (PAM) to sell its 67.2% of stake in subsidiary, Petrobras Argentina.
PAM: 26.11 (+0.39), BAK: 11.30 (-0.16), PBR.A: 4.90 (-0.19), SPWR: 15.23 (-0.37)
Marathon Oil Prices Upsized Common Stock Offering
Zacks Equity Research - Zacks Investment Research - Tue Mar 01, 3:05PM CST
Leading upstream energy player Marathon Oil Corporation (MRO) declared the pricing of the public offering of 145,000,000 shares of its common stock. This number has been raised from 135,000,000 shares of its common stock.
EVA: 23.36 (-0.59), BAK: 11.30 (-0.16), PBR.A: 4.90 (-0.19), MRO: 13.28 (-0.14)
Chevron Considers the Sale of Geothermal Assets in Asia
Zacks Equity Research - Zacks Investment Research - Tue Mar 01, 12:10PM CST
Chevron Corporation (CVX), the second-largest U.S. oil producer, is contemplating the sale of its geothermal assets in Asia to counter sluggish economic growth and weak commodity prices.
EVA: 23.36 (-0.59), BAK: 11.30 (-0.16), PBR.A: 4.90 (-0.19), CVX: 102.10 (+0.12)
5 Oil Stocks Under $5
Jeremy Mullin - ZACKS - Tue Feb 23, 2:11PM CST
5 Oil Stocks Under $5
HK: 0.51 (+0.04), PBR.A: 4.90 (-0.19), BKEP: 5.09 (+0.08), BTE: 5.92 (-0.13), BCEI: 2.35 (-0.08)
Chevron's Moroccan Unit to Sell 30% Stake to Qatar Petroleum
Zacks Equity Research - Zacks Investment Research - Tue Feb 09, 2:40PM CST
Chevron Morocco Exploration Ltd., recently entered into an agreement with Qatar Petroleum to sell its 30% stake in three deepwater offshore leases located in Morocco to the latter.
CQP: 30.48 (-0.70), PBR.A: 4.90 (-0.19), CVX: 102.10 (+0.12), MUSA: 68.99 (-0.98)
Transocean Drillship Contract Terminated by Murphy Unit
Zacks Equity Research - Zacks Investment Research - Mon Feb 08, 4:44PM CST
Transocean Ltd. (RIG) reported that Murphy Exploration & Production Company-USA, a subsidiary of Murphy Oil Corporation (MUSA), has terminated its contract for the ultra-deepwater drillship, Discoverer Deep Seas.
CQP: 30.48 (-0.70), PBR.A: 4.90 (-0.19), RIG: 10.97 (+0.22), MUSA: 68.99 (-0.98)
Suncor Energy Slips to Loss in Q4 as Revenues Plunge Y/Y
Zacks Equity Research - Zacks Investment Research - Thu Feb 04, 12:00PM CST
Canada's biggest energy firm and the largest oil sands outfit, Suncor Energy Inc. (SU) reported fourth-quarter 2015 operating loss per share of 2 Canadian cents (1 US cent).
SU: 26.86 (-0.08), CQP: 30.48 (-0.70), BAK: 11.30 (-0.16), PBR.A: 4.90 (-0.19)
Market Has Not Yet Noticed Potential in Petroleo Brasileiro (PBR.A); Have You?
Zacks Equity Research - Zacks Investment Research - Tue Feb 02, 7:52AM CST
Petroleo Brasileiro has a solid Zacks rank and is well positioned for a solid gain but has been overlooked by investors lately
PBR.A: 4.90 (-0.19)
Investors' Radars Failed to Catch Petroleo Brasileiro (PBR.A), Has Yours?
Zacks Equity Research - Zacks Investment Research - Tue Jan 19, 8:54AM CST
Petroleo Brasileiro has a solid Zacks rank and is well positioned for a solid gain but has been overlooked by investors lately
PBR.A: 4.90 (-0.19)