Petrobras' Pension Fund Needs Cash Infusion of $4.8 Billion
Zacks Equity Research - Zacks Investment Research - Fri Jun 24, 8:51AM CDT
Brazil's state-run energy giant Petroleo Brasileiro S.A. or Petrobras (PBR) announced that its employee pension fund, Petros, has accumulated 22.6 billion reais ($6.8 billion) in unfunded liabilities as of the end of 2015.
PBR: 6.74 (-0.47), BAK: 11.39 (-0.63), MDR: 4.80 (-0.33), SSL: 26.12 (-2.07)
New Strong Buy Stocks for June 24th
Swarup Gupta - Zacks Investment Research - Fri Jun 24, 6:41AM CDT
New Strong Buy Stocks for June 24th
MDR: 4.80 (-0.33), QRVO: 54.94 (-3.34), SSL: 26.12 (-2.07), RY: 59.39 (-3.04), LPX: 16.79 (-0.71)
McDermott International Shares Up 58.2% Since SmarTrend's Buy Recommendation (MDR)
Comtex SmarTrend(R) - Thu Jun 23, 12:54PM CDT
SmarTrend identified an Uptrend for McDermott International (NYSE:MDR) on February 26th, 2016 at $3.21. In approximately 4 months, McDermott International has returned 58.19% as of today's recent price of $5.07.
MDR: 4.80 (-0.33)
Encana (ECA) to Divest Gordondale Assets for C$625 Million
Zacks Equity Research - Zacks Investment Research - Wed Jun 22, 9:55AM CDT
Canadian oil and gas producer Encana Corporation (ECA) has entered into an agreement to divest its Gordondale assets in northwestern Alberta to Birchcliff Energy for C$625 million.
BAK: 11.39 (-0.63), ECA: 7.81 (-0.51), MDR: 4.80 (-0.33), SSL: 26.12 (-2.07)
QEP Resources Prices Stocks to Fund Permian Acquisition
Zacks Equity Research - Zacks Investment Research - Wed Jun 22, 9:15AM CDT
QEP Resources Inc. (QEP), a leading independent energy company, announced the pricing of 20,000,000 shares of its common stock.
BAK: 11.39 (-0.63), MDR: 4.80 (-0.33), QEP: 17.32 (-1.37), SSL: 26.12 (-2.07)
Will Suncor Energy Buy Upstream Assets in Eastern Canada?
Zacks Equity Research - Zacks Investment Research - Wed Jun 22, 7:54AM CDT
In order to boost its offshore upstream operations Suncor Energy Inc. (SU) is now planning to acquire properties in the North Sea and eastern Canada, going by Reuters.
SU: 26.85 (-1.35), MDR: 4.80 (-0.33), BWP: 17.59 (-0.32), NADL: 6.80 (-1.02)
McDermott Gets Pipeline Installation Project Offshore Brunei
Zacks Equity Research - Zacks Investment Research - Tue Jun 21, 8:32AM CDT
McDermott International Inc. (MDR) declared that it has secured a pipeline project for 2017.
MDR: 4.80 (-0.33), RDS.A: 51.62 (-3.55), ICD: 5.88 (+0.13), ENB: 41.54 (-1.50)
Why McDermott (MDR) Could Be Positioned for a Surge?
Zacks Equity Research - Zacks Investment Research - Mon Jun 20, 7:30AM CDT
Positive earnings estimate revisions, coupled with impressive Zacks Rank has made McDermott (MDR) an interesting choice for the investors.
MDR: 4.80 (-0.33)
Shell and Gazprom Reach Agreement on Baltic LNG Project
Zacks Equity Research - Zacks Investment Research - Fri Jun 17, 9:01AM CDT
Integrated energy major, Royal Dutch Shell plc (RDS.A) and Russian gas giant Gazprom recently signed a memorandum of understanding for the Baltic LNG project.
MDR: 4.80 (-0.33), RDS.A: 51.62 (-3.55), SSL: 26.12 (-2.07), PBFX: 22.31 (-0.14)
Suncor Energy (SU) Arm to Purchase Notes Worth C$1.5B
Zacks Equity Research - Zacks Investment Research - Fri Jun 17, 8:06AM CDT
Suncor Energy Ventures Holding Corporation, a wholly owned subsidiary of leading integrated energy player Suncor Energy Inc. (SU), declared that it has offered to purchase its notes, worth as high as C$1.5 billion.
SU: 26.85 (-1.35), BAK: 11.39 (-0.63), MDR: 4.80 (-0.33), BWP: 17.59 (-0.32)
Petrobras May Divest Majority Stake in Gas Pipeline for $6B
Zacks Equity Research - Zacks Investment Research - Thu Jun 16, 9:42AM CDT
Brazil's state-run energy giant Petroleo Brasileiro S.A. or Petrobras (PBR) is reportedly planning to divest an 81% stake in a natural gas pipeline network to a group led by Brookfield Asset Management Inc.
PBR: 6.74 (-0.47), MDR: 4.80 (-0.33), SSL: 26.12 (-2.07), PBFX: 22.31 (-0.14)
Where Will Oil Flow? Top Picks to Go Long or Short
Zacks Equity Research - Zacks Investment Research - Wed Jun 15, 9:20AM CDT
We feel investors may be tizzy as the fortunes of the commodity have come at a crossroads.
KMI: 17.99 (-0.91), MDR: 4.80 (-0.33), SLB: 76.66 (-2.93), TEGP: 21.61 (-0.63)
Petrobras (PBR) Likely to Divest Stakes in Japanese Unit
Zacks Equity Research - Zacks Investment Research - Wed Jun 15, 9:12AM CDT
Brazil's state-run energy giant Petroleo Brasileiro S.A. or Petrobras (PBR) is reportedly planning to auction its stakes in its Japanese unit on the tropical island of Okinawa.
PBR: 6.74 (-0.47), MDR: 4.80 (-0.33), RDS.A: 51.62 (-3.55), XOM: 89.39 (-2.41)
Will the Massive Alberta Wildfire Cost Suncor (SU) C$1B?
Zacks Equity Research - Zacks Investment Research - Wed Jun 15, 9:10AM CDT
Everyone knows about the massive wildfire that hit northern Alberta in May. But the hot news is that the accident might cost Canada's premier integrated energy player Suncor Energy Inc. (SU) almost C$1 billion, as per Reuters.
SU: 26.85 (-1.35), MDR: 4.80 (-0.33), WPT: 15.59 (-0.28), PTR: 65.75 (-5.79)
Seadrill (SDRL) Settles Second Debt-for-Equity Exchange
Zacks Equity Research - Zacks Investment Research - Tue Jun 14, 9:24AM CDT
Hamilton, Bermuda-based offshore drilling firm SeaDrill Limited (SDRL) reported that it has completed the issuance of 7,500,000 new shares of its common stock.
BAK: 11.39 (-0.63), MDR: 4.80 (-0.33), SSL: 26.12 (-2.07), SDRL: 3.38 (-0.03)
National Oilwell (NOV): Better to Hold Given Crude Recovery
Zacks Equity Research - Zacks Investment Research - Tue Jun 14, 8:35AM CDT
We issued an updated research report on energy equipment maker, National Oilwell Varco, Inc. (NOV) on Jun 13, 2016.
NOV: 34.06 (-2.44), MDR: 4.80 (-0.33), PTR: 65.75 (-5.79), TCP: 57.17 (-0.22)
3 Buy-Ranked Oil Stocks Building Momentum Over the Last 3 Months
Zacks Premium Research - Zacks Investment Research - Mon Jun 13, 4:34PM CDT
These companies look like great investments right now as crude prices continue to remain strong.
MDR: 4.80 (-0.33), RRMS: 25.36 (-1.29), NADL: 6.80 (-1.02)
Marathon Petroleum to Cut Air Pollution, Fed Fines $334.6M
Zacks Equity Research - Zacks Investment Research - Fri Jun 10, 3:43PM CDT
Leading independent refiner, transporter and marketer of petroleum products, Marathon Petroleum Corporation (MPC), has agreed to spend $334.6 million to settle a dispute over refinery pollution across five U.S. states. The company will also pay a $326,000 civil penalty.
MDR: 4.80 (-0.33), MPC: 35.33 (-1.29), MRO: 14.59 (-0.68), PTR: 65.75 (-5.79)
Statoil Strikes Gas at Wildcat Well 30/11-13 in North Sea
Zacks Equity Research - Zacks Investment Research - Fri Jun 10, 7:04AM CDT
Statoil ASA (STO) announced that it has completed the drilling of wildcat well 30/11-13.
BAK: 11.39 (-0.63), MDR: 4.80 (-0.33), NADL: 6.80 (-1.02), STO: 16.16 (-1.24)