Hercules Offshore Files for Bankruptcy for the Second Time
Zacks Equity Research - Zacks Investment Research - Tue Jun 07, 9:23AM CDT
Hercules Offshore, Inc. (HERO), along with some of its affiliates, has filed chapter 11 proceedings under the U.S. Bankruptcy Code for the District of Delaware after 99.7% of its first-lien lenders voted to endorse the prepackaged bankruptcy plan.
HERO: 1.21 (-0.06), BAK: 11.30 (-0.16), MUSA: 68.99 (-0.98), EPE: 5.33 (-0.06)
The Zacks Analyst Blog Highlights: Baker Hughes, China Petroleum & Chemical, World Point Terminals, Tallgrass Energy and Murphy USA
Zacks Equity Research - Zacks Investment Research - Tue Jun 07, 8:30AM CDT
The Zacks Analyst Blog Highlights: Baker Hughes, China Petroleum & Chemical, World Point Terminals, Tallgrass Energy and Murphy USA
WPT: 15.14 (-0.05), SNP: 69.31 (-0.78), MUSA: 68.99 (-0.98), TEGP: 23.46 (-1.18), BHI: 45.50 (-0.44)
C&J Energy Served Notice for Non Compliance of NYSE Rules
Zacks Equity Research - Zacks Investment Research - Mon Jun 06, 8:52AM CDT
C&J Energy Services, Ltd. (CJES) was recently sent a notice by the New York Stock Exchange (NYSE) for failing to satisfy the continued listing standard deemed necessary by the stock exchange.
CJES: 0.75 (-0.20), BAK: 11.30 (-0.16), MUSA: 68.99 (-0.98), EPE: 5.33 (-0.06)
Patterson-UTI (PTEN) Reports Massive Decline in Rig Count
Zacks Equity Research - Zacks Investment Research - Mon Jun 06, 8:49AM CDT
Onshore contract driller, Patterson-UTI Energy Inc. (PTEN) declared that its May 2016 drill rig count averaged 53 in the U.S. and less than one in Canada.
BAK: 11.30 (-0.16), MUSA: 68.99 (-0.98), EPE: 5.33 (-0.06), PTEN: 20.81 (-0.26)
SM Energy (SM) Eyes Long-Term Growth Despite Macro Risks
Zacks Equity Research - Zacks Investment Research - Mon Jun 06, 8:46AM CDT
On Jun 3, 2016, we issued an updated research report on Colorado-based SM Energy Company (SM).
BAK: 11.30 (-0.16), SM: 29.08 (-0.72), MUSA: 68.99 (-0.98), CVRR: 9.23 (-0.50)
Statoil Contracts Rosenberg WorleyParsons for Construction
Zacks Equity Research - Zacks Investment Research - Mon Jun 06, 8:44AM CDT
Statoil ASA (STO) on behalf of the Johan Sverdrup licensees has awarded the contract for the construction of three bridges and two flare towers to Rosenberg WorleyParsons AS.
BAK: 11.30 (-0.16), MUSA: 68.99 (-0.98), CVRR: 9.23 (-0.50), STO: 16.18 (-0.19)
Kinder Morgan Subsidiaries Get FERC Permit for $2B Project
Zacks Equity Research - Zacks Investment Research - Mon Jun 06, 8:21AM CDT
Kinder Morgan Inc.'s (KMI) subsidiaries, Elba Liquefaction Company, L.L.C. (ELC) and Southern LNG Company, L.L.C. (SLNG), have received authorization for their $2 billion Elba Liquefaction Project from the Federal Energy Regulatory Commission (FERC).
KMI: 17.38 (-0.13), BAK: 11.30 (-0.16), MUSA: 68.99 (-0.98), CVRR: 9.23 (-0.50)
US Oil Rig Count Sees Biggest Rise in 2016: 4 Energy Picks
Zacks Equity Research - Zacks Investment Research - Mon Jun 06, 7:58AM CDT
In its latest weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported the biggest weekly rise in 2016 for the U.S. oil rig count.
WPT: 15.14 (-0.05), SNP: 69.31 (-0.78), MUSA: 68.99 (-0.98), TEGP: 23.46 (-1.18), BHI: 45.50 (-0.44)
Magellan Midstream to Close a Portion of Texas Pipeline
Zacks Equity Research - Zacks Investment Research - Mon Jun 06, 7:53AM CDT
Magellan Midstream Partners LP (MMP) is planning to shut part of its Magellan South refined products pipeline system for a period of two to four weeks.
ENB: 42.30 (+0.37), NADL: 6.27 (+0.27), MUSA: 68.99 (-0.98), MMP: 72.05 (-0.39)
Suncor (SU) Resumes Alberta Operations Following Wildfire
Zacks Equity Research - Zacks Investment Research - Tue May 31, 8:20AM CDT
Suncor Energy Inc. (SU) announced that its operations, which were halted due to the massive Canadian wildfire, has resumed.
SU: 26.86 (-0.08), MDR: 4.60 (-0.14), XOM: 90.59 (+0.61), MUSA: 68.99 (-0.98)
BP's New Project to Enhance Yield at Thunder Horse Platform
Zacks Equity Research - Zacks Investment Research - Tue May 31, 7:04AM CDT
BP plc (BP) has commenced a major water injection project at its Thunder Horse platform, one of the biggest deepwater fields in the U.S. Gulf of Mexico (GoM).
BAK: 11.30 (-0.16), BP: 31.86 (-0.36), MUSA: 68.99 (-0.98), CVRR: 9.23 (-0.50)
Chesapeake Poised for Growth on Efficient Cost-Cut Measures
Zacks Equity Research - Zacks Investment Research - Tue May 31, 7:01AM CDT
On May 30, 2016, we issued an updated research report on Oklahoma-based Chesapeake Energy Corporation (CHK).
BAK: 11.30 (-0.16), CHK: 4.33 (-0.09), MUSA: 68.99 (-0.98), CVRR: 9.23 (-0.50)
Rowan's Premium Fleet to Drive Growth Despite Low Oil Prices
Zacks Equity Research - Zacks Investment Research - Fri May 27, 9:04AM CDT
On May 23, 2016, we issued an updated research report on Texas-based Rowan Companies plc (RDC).
BAK: 11.30 (-0.16), MUSA: 68.99 (-0.98), CVRR: 9.23 (-0.50), RDC: 18.05 (+0.02)
The Zacks Analyst Blog Highlights: ExxonMobil, CVR Refining, Murphy USA and Braskem
Zacks Equity Research - Zacks Investment Research - Fri May 27, 8:30AM CDT
The Zacks Analyst Blog Highlights: ExxonMobil, CVR Refining, Murphy USA and Braskem
BAK: 11.30 (-0.16), XOM: 90.59 (+0.61), MUSA: 68.99 (-0.98), CVRR: 9.23 (-0.50)
ExxonMobil Shareholders Reject Climate Change Resolutions
Zacks Equity Research - Zacks Investment Research - Thu May 26, 2:45PM CDT
ExxonMobil Corporation (XOM) has been relieved of the tremendous pressure to implement climate change policies, after its shareholders narrowly voted the proposals down.
BAK: 11.30 (-0.16), XOM: 90.59 (+0.61), MUSA: 68.99 (-0.98), CVRR: 9.23 (-0.50)
With Crude at $50 is the Oil Crisis Over? 4 Stock Choices
Nilanjan Choudhury - Zacks Investment Research - Thu May 26, 10:27AM CDT
We have picked 4 stocks that will benefit if oil's bullish trend continues.
MDR: 4.60 (-0.14), RDS.A: 50.58 (-0.73), MUR: 29.15 (-0.24), WPT: 15.14 (-0.05), ENB: 42.30 (+0.37), MRO: 13.28 (-0.14), MUSA: 68.99 (-0.98)
Petrobras Closes $6.75 Billion International Notes Offering
Zacks Equity Research - Zacks Investment Research - Wed May 25, 9:58AM CDT
Brazil's state-run energy giant Petroleo Brasileiro S.A., or Petrobras (PBR) has closed the offering of 5-year and 10-year notes having a combined value of $6.75 billion.
PBR: 6.20 (-0.27), MDR: 4.60 (-0.14), MUSA: 68.99 (-0.98), PTR: 69.15 (-1.78)
Should You Hold Western Refining (WNR) Amid Crude Rally?
Zacks Equity Research - Zacks Investment Research - Wed May 25, 9:57AM CDT
We issued an updated research report on oil refiner and marketer Western Refining Inc. (WNR) on May 24, 2016.
MDR: 4.60 (-0.14), WNR: 19.10 (-1.47), MUSA: 68.99 (-0.98), PTR: 69.15 (-1.78)
ExxonMobil Anticipates Higher Production from Cepu Block
Zacks Equity Research - Zacks Investment Research - Wed May 25, 8:31AM CDT
ExxonMobil Corporation (XOM) expects output at Cepu block in Indonesia to increase to 200,000 barrels per day (bpd) from the current production level of 185,000 bpd.
BAK: 11.30 (-0.16), XOM: 90.59 (+0.61), MUSA: 68.99 (-0.98), CVRR: 9.23 (-0.50)
Linn Energy, LinnCo Shares to Be Delisted from NASDAQ
Zacks Equity Research - Zacks Investment Research - Tue May 24, 4:02PM CDT
Linn Energy LLC (LINE) recently announced that Securities of Linn Energy and LinnCo LLC (LNCO) will be delisted from NASDAQ and its trading will be suspended before the market opens on May 24.
BAK: 11.30 (-0.16), MDR: 4.60 (-0.14), MUSA: 68.99 (-0.98), EPE: 5.33 (-0.06)